IMF Says Tokenization Could Reshape Global Finance, Warns of New Risks

The International Monetary Fund (IMF) says tokenization could fundamentally reshape how financial markets operate, marking one of the strongest acknowledgments yet from a global policymaker that blockchain-based infrastructure is moving into the financial mainstream. In a blog published Thursday, Tobias Adrian, the IMF’s financial counselor and director of its Monetary and Capital Markets Department, said…

Bitcoin Holds Weekly Gains After US Jobs Data, AI Sector Weakness

Key takeaways: Soft US jobs market data triggered a rotation of capital from overheated AI stocks into Bitcoin and gold. Bitcoin onchain indicators hint at seller exhaustion while the decline in oil prices opens room for monetary expansion. Bitcoin reclaimed the $61,000 mark following a disappointing US job market report. Traders grew less certain of…

Solana Foundation Launches Framework for Protocol Governance

The Solana Foundation, the Swiss organization that supports the Solana network’s development, launched a new framework for protocol-level governance that enables proposing and voting on governance decisions for the Solana blockchain.  The Solana Governance Proposals (SGPs) establish a standard that enables validators to submit core protocol proposals and vote onchain, with voting power based on…

Securitize (SECZ) takes $295M of its own tokenized stock to Solana, Avalanche amid NYSE debut

The opportunity has drawn growing interest across Wall Street. Citi projected that tokenized securities could reach $5.5 trillion by 2030, while Boston Consulting Group and Ripple estimated the market could grow to $18.9 trillion by 2033. “We have long said that public equities are moving onchain, and there is no stronger validation of that belief…

Ripple Co-Founder Invests in Crypto Venture Founded by US Senator’s Son: Report

Chris Larsen, co-founder and executive chair of Ripple Labs, was reportedly among those backing the financial venture of US Senator Kirsten Gillibrand’s son as negotiations over a significant piece of crypto-related legislation continue in the Senate. According to a Thursday Politico report, Larsen was one of a handful of investors backing the American Perpetuals Exchange…

Bitcoin ‘Green July’ Starts With A Bang As US Jobs Data Sends BTC To $62,000

Bitcoin (BTC) passed $62,000 at Thursday’s Wall Street open as crypto reacted to weak US employment figures. Key points: US nonfarm payrolls data delivers a crypto market boost as job additions for June fall short. Investors eye an easing in the inflation outlook as optimism over BTC prices increases. Crypto begins its forecast “green July”…

Aave V3 Goes Live on Monad With $15M Incentive Plan

Decentralized finance (DeFi) platform Aave has deployed its V3 lending protocol on Monad, expanding the layer-1 blockchain’s lending ecosystem with support for 12 assets at launch.  On Thursday, Aave announced that the initial market supports USDT0, USDC, Aave’s GHO stablecoin, USDe, mUSD, AUSD, WETH, cbBTC, wstETH, weETH, syrupUSDC and sUSDe. It is also Aave’s first…

UK Payment Blueprint Outlines Tokenized Payments for ‘Multi-Money Ecosystem’

UK regulators are calling for tokenization and “new forms of digital money” to be part of the core infrastructure of the country’s future retail payment ecosystem. In a Thursday update to the government’s roadmap for modernizing retail payment systems, HM Treasury on behalf of the Payments Vision Delivery Committee said that including tokenization and digital…

SBI Crypto Shuts Down Bitcoin Mining Pool Operations

SBI Crypto, a cryptocurrency-focused division of Japanese financial conglomerate SBI, is shutting down its Bitcoin mining pool after a five-year run. The company announced Wednesday that it will end mining pool operations on July 31 and will stop accepting mining shares at the same time. It did not provide its rationale for closing the pool….

JPMorgan warns Strategy’s bitcoin (BTC) sales policy raises crypto market risk

Strategy has become one of the largest corporate holders and buyers of bitcoin, with 847,363 BTC on its balance sheet. Its aggressive accumulation strategy has made the company a major source of demand for the cryptocurrency, meaning any shift toward selling the digital asset, even occasionally, could influence market liquidity, price dynamics and investor sentiment…