Everything web3, crypto, defi, degen
In brief The Wyoming Stable Token (WYST) won’t initially offer a yield, but there is support for enabling the feature later, Wyoming State Senator Chris Rothfuss said. Wyoming’s Select Committee on Blockchain urged the Commission issuing WYST to “resist pressure to act as a political or financial gatekeeper.” The GENIUS Act’s passage could increase crypto…
In brief Sen. Warren acknowledged the need for crypto legislation but critiqued the industry’s influence on US politics. The senator claimed the GENIUS Act was an instance of the industry writing “its own legislation.” She compared it to another bill—the Commodity Futures Modernization Act of 2000—which may have indirectly influenced the 2008 financial crisis. Sen.…
ETH LEADS, MONEY SUPPLY HITS ATH, PUNKS CONTINUE TO SURGEBTC dips as jobs data diminishes Fed rate cut hopes. US crypto inflows surge hit $60b YTD. Strategy increases pref stock offering to $2b. Tokyo’s Quantum Solutions plans to buy 3k BTC. ETH could outperform BTC for 6 months: Novogratz. Galaxy begins to sell large clips…
In brief OSL Group is raising HK$2.36 billion (US$300 million) through new share issuance. About $90 million is earmarked for stablecoin and payment infrastructure. Observers say the move positions OSL to capitalize on early demand for compliant stablecoin rails in Asia. OSL Group, Hong Kong’s first licensed digital asset exchange, said Friday it will raise…
In brief Ethena Labs plans to make its nearly $1.5 billion USDtb stablecoin available in the U.S. The firm is partnering with Anchorage Digital to issue USDtb stateside in the “near future.” Both crypto-native firms and traditional financial institutions are aiming to enter the stablecoin market following the passing earlier this month of stablecoin legislation…
ALTS HEAD LOWER, GOLDMAN SACHS TO TOKENISE FUNDS, TRUMP VISITS FEDBTC dominance rises, XRP leads major altcoins lower. ETH ETFs see daily inflows for 2 weeks in a row. GS, BNY Mellon to launch tokenised funds. US crypto report coming on July 30. Whales pulled $1.7b ETH from Aave over last week. MARA raises $850m…
In brief The meme coin market is down over the past 24 hours, with most major meme coins dropping in value. It comes after Alon Cohen, co-founder of Pump.fun, confirmed that the hotly anticipated PUMP airdrop won’t be coming in the “immediate future.” Pump.fun-created tokens GOAT, Moo Deng, and Peanut the Squirrel are amongst the…
In brief The White House unveiled a national AI strategy centered on growth, infrastructure, and global dominance. Critics say it overlooks risks and weakens existing safeguards. The plan promotes deregulation, open-source models, and export controls. The White House on Wednesday unveiled a national strategy to cement U.S. dominance in artificial intelligence—drawing criticism from civil rights…
PENGU & REKT ALL TIME HIGHS, HUGE ETH ETF INFLOWS, BNB OUTPERFORMS MARKETCrypto majors slightly red with BNB outperforming and hitting new ATH. ETH ETFs see 3rd biggest day of inflows while BTC sees net outflows. Coinbase partners with PNC for Crypto-as-a-Service model. Goldman and BNY to offer tokenized money market accounts. PENGU and REKT…
In brief BNY Mellon and Goldman Sachs are working together on a tokenized money market fund (MMF) product. The product will allow fund managers to subscribe to MMF shares that earn a tokenized representative. The goal is to unlock utility and transferability of MMF shares. Publicly traded financial giants BNY Mellon Corporation and Goldman Sachs…
