Today’s Top Crypto News – Friday 7/29/22

•‘Bullish rate hike’ — Why crypto spiked today in the face of bad news – CoinTelegraph

“The Fed’s attempts to reel inflation in by increasing interest rates are usually associated with a pullback of investment activity across markets.”

•Schwab Asset Management to List Crypto ETF on New York Stock Exchange – CoinDesk

“The exchange-traded fund will provide exposure to companies involved in crypto mining, trading and brokerage services.”

•Babel Finance Lost $280M Trading Customer Funds: Report – CoinDesk

“The lending firm is looking to convert hundreds of million in debt into equity after a series of trading losses.”

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