GM Brew Crew, we had a run-in with the barista this weekend and she told us our newsletter design looked awful. So what did we do? We listened, and tipped generously of course.

Along with the new design, we would like to introduce a new member of the Brew Crew. The shiny, blue, and absolute handsome stud above who goes by… 🥁🥁… Brewski !!

Hope you all enjoy. LET’S DIVE IN ⬇️

On the menu today:

• KEY EVENTS FOR THIS WEEK 🚨

• BLOCKCHAIN AUSTRALIA’S NEW CEO IS READY TO WORK 👍

• HONG KONG’S LARGEST BANK MAKES HISTORY 🏦

Today’s Charts:

KEY EVENTS FOR THIS WEEK 🚨

Below is a list of important events to watch out for this week. Although these events aren't strictly crypto related, they will have impacts on the overall markets including crypto. 

Tuesday ➡️ New Home Sales data

Wednesday ➡️ Federal Bank Stress Test

Wednesday/Thursday ➡️ Federal Reserve Chair Jerome Powell speaking - The Brew Crew bet the house that crypto will be brought up. 🙃

Thursday ➡️ Q1 GDP data

Friday ➡️ Personal Consumption Expenditures (PCE) Inflation data

BLOCKCHAIN AUSTRALIA’S NEW CEO IS READY TO WORK 👍

Simon Callaghan, new CEO of Blockchain Australia, the primary organization representing the crypto industry in Australia, aims to accelerate the crypto regulatory process.

Callaghan believes that Australia should take regulatory inspiration from the United Kingdom, Hong Kong, and Singapore, rather than the United States. Just a subtle jab at the U.S. crypto regulators, what’s new.

Callaghan mentioned that instead of suing major crypto exchanges and classifying numerous tokens as securities, he has scheduled meetings with major banks in Australia to form a clear path for the crypto sector.

In his first speech as CEO, Callaghan said, “everyone wants to know where the goalposts are so people can operate their businesses, build their technologies and create jobs.”

And of course, play some more rugby 🇦🇺 🏉

HONG KONG’S LARGEST BANK MAKES HISTORY 🏦

HSBC, a behemoth of a bank in Hong Kong, will be the first to offer cryptocurrency ETFs on the Hong Kong Stock Exchange

HSBC will begin with offering exposure to three ETFs: CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF, and Samsung Bitcoin Futures Active ETF.

HSBC Hong Kong aims to increase local users' exposure to cryptocurrencies. With 1.7 million active mobile customers as of March 2022, online transactions account for about 95% of all retail transactions. In other words Hong Kong users were ‘born ready’ for the digital age 🖥️📲

This news drops after mid-June reports indicated that the Hong Kong Monetary Authority had exerted pressure on major banks to accommodate crypto exchanges as clients.

(S/O to HKMA on this monday morning 😎 Jaimie pull up the “One of us! One of us!” GIF)

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.