GM Brew Crew, Brewski woke up early to get his cooler loaded for the holiday weekend. We had to remind him, we still got a fresh morning roast to prepare. Let us be your kickstart into a fantastic weekend ahead. Let’s dive in ⬇️

On the menu today:

• 🤝 HARRY STYLES AND WEB3

• 🧐 DEEPER DIVE INTO SEC’S THOUGHTS ON BTC ETF

• 👀 COINBASE VS SEC CASE WILL GO DOWN JULY 13TH

Today’s Charts:

🤝 HARRY STYLES AND WEB3

Around 5,000 fans of Harry Styles opened digital wallets through the EVNTZ app at a recent concert, paving the way for future blockchain-based rewards. 

The EVNTZ app, in collaboration with Co:Create, allowed fans to open self-custodial digital wallets capable of storing blockchain-based rewards by utilizing the Polygon chain.

Future in-app rewards linked to fan engagement within the community are planned, with a focus on meeting fan expectations and delivering better experiences.

Kim O’Callaghan, founder of EVNTZ, believes that blockchain-based rewards and experiences can bridge the gap in the events industry, rewarding fans for their dedication and fostering stronger artist-fan connections.

🧐 DEEPER DIVE INTO SEC’S THOUGHTS ON BTC ETF

As mentioned yesterday, the SEC has deemed recent filings for spot Bitcoin ETFs from BlackRock, ARK Invest, Fidelity, and other asset managers as inadequate. 

The SEC found that the filings lacked clarity and comprehensiveness. Maybe Gensler and the SEC need to sub to the CryptoBrew to gain some clarity. 🥴

The Nasdaq and Chicago Board Options Exchange were informed by the SEC about the inadequacies in the filings as the SEC expected the exchanges to provide clearer information about the spot Bitcoin exchange and surveillance-sharing agreements.

Asset managers have the opportunity to resubmit the filings after addressing the SEC's concerns. BlackRock, ARK Invest, Invesco, WisdomTree, Valkyrie, and Fidelity have filed or amended their applications for spot Bitcoin ETFs.

👀 COINBASE VS SEC CASE WILL GO DOWN JULY 13TH

Coinbase's unique defense tactic led to an earlier court hearing date as they filed their response 40 days ahead of the August 7 deadline. 

The court order states that the SEC will provide its response to Coinbase's initial legal defense on July 13 after being granted a three-day extension due to the July 4th holiday weekend.

Coinbase argues that tokens mentioned in SEC's case are outside the Commission's jurisdiction and their defense strategy aims to present helpful documents to the judge through the early response.

Judge Katherine Polk Failla will decide on Coinbase's motion during the court appearance on July 13 and permission to proceed with the motion is typically granted unless the other side provides a compelling reason.

Too bad Brewski isn’t running this court battle… man would that be an absolute movie 😅

Special Blend: Morning Meme Roast

As the CryptoBrew Daily comes to a close, we invite you to join us on Twitter for more crypto chat. Think of it as a chill gathering of like-minded folks, minus Chad talking about his 1-rep deadlift max and your tipsy uncle who always shares TMI stories. Let’s keep the crypto conversation going!

***DISCLAIMER: Please note that the information provided in this newsletter is for educational purposes only and is not intended to be construed as financial advice or a solicitation to buy or sell any assets. We urge you to exercise caution and conduct your own research before making any financial decisions.