Major Global Financial and Crypto Developments on July 23

The morning news report from July 23 highlights several significant developments. The Japanese Prime Minister, Shigeru Ishiba, is set to announce his resignation by the end of August. The US SEC has approved the transformation of Bitwise's cryptocurrency index fund but has suddenly paused its review process. Additionally, Yu Weiwen is scheduled to publish a summary of the 'Stablecoin Issuer Licensing System' next week. Donald Trump has announced a trade agreement with Japan, involving a 15% tariff plus a $550 billion investment in the US. The FTX hearing minutes reveal that restricted jurisdiction creditors are permitted to transfer claims to non-restricted jurisdictions. The UK’s OFSI reports potential sanctions violations among domestic crypto firms and warns of cyberattacks from North Korean hackers. Lastly, approximately 519,000 ETH are queued for withdrawal from the Ethereum PoS network, marking the longest wait in nearly a year and a half.