Author: James Wilson

New York Attorney General Letitia James has urged Congress to revise the CLARITY Act, warning that the crypto market structure bill could restrict states from prosecuting fraud and enforcing investor protection laws. Summary James said the bill could preempt state investor protection laws and weaken local enforcement. State and local authorities account for about 98.8% of arrests nationwide, according to her testimony. Senate Republicans need 60 votes to advance the legislation through the cloture process. Banking, ethics and enforcement disputes remain unresolved before the Senate’s August recess. James challenges the CLARITY Act’s enforcement rules James raised the concerns in written…

X Money has begun rolling out to Premium and Premium+ subscribers in the United States, adding deposit accounts, instant transfers, and a Visa debit card directly to the social media platform. Summary X Money offers annual yields of up to 6% and free transfers between users. Eligible X Card purchases can earn 3% cashback, with free ATM withdrawals also available. A cash sweep program provides eligible users with up to $10 million in FDIC coverage. X has not announced support for Bitcoin, Dogecoin, or any other cryptocurrency. X Money brings banking tools inside the social platform X Money combines peer-to-peer…

Cantor Fitzgerald is advising Swiss digital asset lender AMINA Bank on a possible public listing as the Wall Street firm expands its role in crypto capital markets. Summary AMINA Bank is considering a public listing, although its valuation and preferred exchange remain undisclosed. Cantor’s mandate follows its onchain IPO partnership with Securitize, announced earlier in July. AMINA recorded 69% revenue growth in 2024 and holds regulatory approvals in Switzerland and Europe. Cantor is also reportedly pursuing a separate deal involving up to 30,000 Bitcoin from Blockstream. AMINA Bank considers a public listing According to reports, Cantor Fitzgerald is advising AMINA…

Ondo Finance has launched the Ondo Network, replacing its planned blockchain with an execution layer built for fast, private, and non-custodial trading. Summary Ondo Network replaces Ondo Chain as the company shifts its focus from settlement to execution. Secure hardware enclaves process trades privately, while decentralized attestors verify the approved code. Ondo Perps is the first application, supporting 24/7 equity and commodity perpetual futures. Recent FINRA authorizations give Ondo separate infrastructure for regulated tokenized securities in the U.S. Ondo Network replaces the planned Ondo Chain Ondo Finance publicly introduced the Ondo Network on July 27, describing it as an execution…

Senate Republicans are seeking Democratic support for the Clarity Act as lawmakers consider starting a floor process before the August recess. Summary The Clarity Act needs 60 Senate votes to advance through the chamber’s cloture process. Senate Majority Leader John Thune could file cloture on a motion to proceed this week. Seven Democratic senators said the revised bill still falls short on several policy issues. A major US police union has endorsed the bill after lawmakers revised its DeFi provisions. Clarity Act faces a 60-vote Senate test Crypto industry groups hope Thune will begin the floor process by filing cloture…

Securitize expanded its regulated US platform after its capital subsidiary registered with the SEC, while SECZ shares fell nearly 10% on Monday. Summary Securitize Capital’s SEC investment adviser registration became effective July 22, federal records show. The registration adds disclosure, compliance, recordkeeping and examination requirements under US securities law. Securitize manages more than $5 billion in assets, including BlackRock’s $2.6 billion BUIDL fund. SECZ fell nearly 10% to $6.76, reducing Securitize’s market value to about $1 billion. Securitize Capital becomes an SEC-registered adviser Securitize said Monday that its subsidiary, Securitize Capital LLC, has registered with the US Securities and Exchange…

Binance Futures launched three USDT-settled perpetual contracts tied to the ProShares Bitcoin ETF and two long-duration U.S. Treasury products on July 27. Summary Binance introduced BITOUSDT, TMFUSDT, and TBTUSDT perpetual contracts in five-minute intervals. All three products support up to 25x leverage and remain available for trading around the clock. Orders require a minimum notional value of 5 USDT, with funding settled every eight hours. The contracts expand Binance’s tokenized traditional finance offering, but regional access restrictions still apply. Binance Futures adds three ETF-linked contracts Binance Futures began rolling out the three USDⓈ-M perpetual contracts at 13:30 UTC, according to…

More than a dozen digital asset treasury companies have moved into artificial intelligence and data centres as falling crypto prices weaken demand for the DAT model. Summary More than a dozen crypto treasury companies have pivoted toward AI as investor enthusiasm fades. K Wave shares fell 71% after its data-centre shift failed to restore market confidence quickly. Falling crypto prices and compressed treasury premiums are pushing listed firms toward new operating businesses. Bloomberg reported that the shifts have not stopped steep share declines. K Wave Media has fallen about 71% since its May pivot. Lixte Biotechnology and Alpha Compute have…

BitMine Immersion Technologies said its Ethereum holdings reached 5,787,414 ETH as of July 26 after the company bought another 9,946 tokens during the week.  Summary BitMine now holds 5.79 million ETH, equal to 4.8% of Ethereum’s reported total circulating supply. More than 4.9 million ETH is staked, supporting projected annual revenue of about $254 million. BitMine repurchased 6.1 million shares while adding 9,946 ETH during the latest weekly reporting period. The position equals about 4.8% of Ethereum’s stated 120.7 million supply and leaves BitMine close to its target of owning 5% of all ETH.  The company valued its broader portfolio…

Bitcoin price climbed back above $65,000 on July 27 as the pause in US-Iran strikes drove oil lower and restored demand for risk assets. Summary Bitcoin traded at $65,386, recovering from a daily low of $64,892. 4-hour RSI reached 58.64, while a bullish MACD crossover supported the rebound. $67,181 remains the key resistance, with major downside liquidity concentrated near $63,000-$63,500. Bitcoin price rises as US-Iran strikes pause Bitcoin was trading at $65,386 at the time of the July 27 chart, nearly unchanged for the day after moving between $64,892 and $65,744. The latest advance extended its recovery from the July…