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Prince Group's Chen Zhi was arrested in Cambodia and has been deported back to China for investigation.
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Prince Group founder Chen Zhi arrested and deported to China
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The SEC approved the transformation of the Grayscale Multi-Currency digital asset fund into an ETF.
According to Gate News bot, the U.S. Securities and Exchange Commission (SEC) approved an important decision on July 2 to convert the Grayscale Digital Large Cap Fund into an Exchange-Traded Fund (ETF). This amendment involves various mainstream crypto assets, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA). This move is seen as an important step for the crypto asset market into the mainstream financial sector, and it is expected to provide investors with more diversified digital asset investment options.