ABA, Banking Associations Push Back Against CLARITY Act Yield Provisions

A wide swath of the US banking industry is urging Senate leaders to amend the stablecoin yield provisions of the Digital Asset Market Clarity Act (CLARITY) now under consideration.  The American Bankers Association (ABA), the Independent Community Bankers of America (ICBA) and 76 other state banking associations sent a joint letter to Senate leaders that…

Strategy Became a Symbol of Dot-Com Crash: Could History Repeat?

In March 2000, Strategy executive chairman Michael Saylor watched more than $6 billion disappear from his fortune in a single day. MicroStrategy’s shares had plummeted more than 60%, thrusting the thirty-five year old software entrepreneur into the center of the dot-com crash. The company later settled civil fraud charges with the US Securities and Exchange…

Solana Community Lead Enters UK By-Election With Onchain Transparency Pledge

Stephen “Cap” Newnham, who leads the Solana community group Superteam UK, said he will run as an independent candidate in the Aug. 13 parliamentary by-election in Clacton against Reform UK leader Nigel Farage. On Tuesday, Newnham outlined five campaign pledges, including support for local entrepreneurs, digital and artificial intelligence education, financial literacy in schools and…

U.S.-Iran escalation weighs on bitcoin (BTC) price, stocks as oil climbs: Crypto Daily

Bitcoin BTC$62,814.49 has fallen in the past 24 hours to $62,600 as traders exited riskier investments amid growing inflation concerns tied to rising oil prices. Brent crude is up nearly 4% in the period, reflecting the renewed open conflict between the U.S. and Iran. That’s reigniting the so-called Nacho (Not a Chance Hormuz Opens) trade,…

South Korea Sets 2027 Tokenized Government Bond Cbdc Pilot

South Korea plans to conduct a 2027 pilot linking tokenized government bonds to its institutional central bank digital currency (CBDC) infrastructure, moving sovereign debt tokenization from a proposal to an official government timeline.  On Tuesday, the government unveiled its 2026 Economic Growth Strategy for the Second Half, which includes the plan. In addition to assigning…

US Govt Moves $297M Crypto to Coinbase Prime

The US government moved nearly $300 million in seized Bitcoin and Ether to Coinbase Prime on Monday, renewing speculation that the assets could be sold.  Data from Arkham shows 3,940 Bitcoin (BTC) (worth $243.95 million) and 30,014 Ether (ETH) (worth $53.09 million) were sent to Coinbase Prime on Monday. The funds were linked to several…

US Federal Officers’ Group Backs CLARITY Act

The Digital Asset Market Clarity Act has secured its second public endorsement from a major US law enforcement organization, coming just weeks before what many see as a make-or-break legislative deadline before the Senate’s August recess. In a July 10 statement, the Federal Law Enforcement Officers Association (FLEOA) said it submitted a letter to the…

Binance.US CEO says exchange is rebuilding, eyes return to 20% U.S. market share

Latest developments: CEO Stephen Gregory said Binance.US is focused on growth after what he described as a two-year “hibernation” tied to regulatory issues surrounding the broader Binance brand. Gregory said Binance.US is a separate U.S.-only entity with its own governance structure, though it shares a common beneficial owner and brand name with Binance.com. He said…

Thai’s Scammer’s $122M Wallet, Japan Embraces Crypto Credit: Asia Express

Interpol operation exposes $122M crypto wallet tied to romance scam laundering A crypto wallet linked to a suspected romance-scam money launderer processed more than $122.5 million in 10 months, according to Interpol. Interpol said that Thai authorities arrested two suspects and uncovered a money-laundering network that funneled proceeds from romance scams into cryptocurrencies, using cross-chain token…

Donald Trump Invokes Lindsay Graham’s Death to Push Crypto Bill

US President Donald Trump is urging members of the Senate to pass the Digital Asset Market Clarity (CLARITY) Act “in honor of” Senator Lindsey Graham, who died over the weekend. In a Monday Truth Social post, Trump said that Graham had been “a big supporter” of the CLARITY Act, calling on the Senate to pass…