Author: James Wilson

Bitcoin is trading around 62,700 dollars, and Jurrien Timmer, Fidelity’s director of global macro, is watching it drift toward a line he has tracked for more than a decade.  Summary Bitcoin is trading near Fidelity’s power law support zone, with the model’s lower boundary around 58,000 dollars. Jurrien Timmer views the area as an accumulation zone but is not calling a bottom without a clear catalyst. The power law support has aligned closely with major Bitcoin lows in 2015, 2018, and 2022. Bitcoin’s deviation from trend and its underperformance against gold now resemble prior cycle-bottom conditions. The main missing ingredient…

Metaplanet has officially launched Metaplanet Securities, turning its completed acquisition of Siiibo Securities into a regulated digital asset investment banking business built around Bitcoin-backed financial products. Summary Metaplanet has launched Metaplanet Securities after completing its acquisition of Siiibo Securities. The new regulated business will develop Bitcoin backed bonds and digital credit products under Project Nova. JPYC and Progmat are working with Metaplanet on a Bitcoin backed digital credit ecosystem for Japanese investors. According to Metaplanet, the new subsidiary succeeds the Tokyo-based brokerage acquired for JPY 2.1 billion, completing a transaction first announced in June. The company said the business will…

While Washington’s attention fixes on whether the CLARITY Act can find seven Democratic votes before the August recess, the Securities and Exchange Commission has been quietly assembling the framework that governs American crypto if the bill dies, and much of it even if the bill passes.  Summary Regulation Crypto would create a four-year startup exemption for crypto projects raising up to 5 million dollars per year. A separate fundraising exemption would let more mature issuers raise up to 75 million dollars annually with lighter disclosure than full registration. The safe harbor would give tokens a defined path out of securities…

Turkish prosecutors have accused 504 people of operating an alleged money laundering network that moved nearly 40 billion Turkish liras through shell companies, jewellery stores, payment providers and cryptocurrency transactions. Summary Turkish prosecutors have charged 504 suspects in an alleged 40 billion lira money laundering network. Investigators said illegal betting proceeds were moved through shell companies, payment providers and cryptocurrency transactions. Prosecutors are seeking prison terms of up to 34.5 years for the alleged leaders of the network. According to a 1,548-page indictment prepared by the Istanbul Chief Public Prosecutor’s Office, the suspects allegedly used shell companies, bank accounts, foreign…

John Deaton has credited 75,000 XRP holders with helping Ripple executives resist pressure during the company’s legal fight with the U.S. Securities and Exchange Commission.  Summary Deaton says 75,000 XRP holders helped Ripple’s leaders resist SEC pressure during the prolonged litigation. Ripple considered closing before executives chose a costly legal defense that preserved hundreds of jobs. The case ended with a mixed ruling, $125 million penalty, injunction, and dismissed appeals final. In a July 12 post, the crypto lawyer praised chief executive Brad Garlinghouse and executive chairman Chris Larsen for refusing to settle early. He also accused SEC lawyers of…

Japanese convenience store operator Lawson will test payments with the yen-denominated JPYC stablecoin in early August.  Summary Lawson will connect JPYC payments directly to its POS system during a single-store Tokyo trial. Customers will scan mobile wallet barcodes, while HashPort updates balances using verified checkout transaction data. Japan’s megabanks are also preparing yen stablecoins, widening competition across regulated digital payment networks nationwide. The company will run the trial at its Takanawa Gateway City store in Tokyo’s Minato Ward. HashPort, a digital asset wallet provider, will support the payment system and process balance changes linked to purchases. Lawson described the project…

Lawmakers have intensified calls for an investigation into President Donald Trump’s cryptocurrency holdings as the Senate prepares to advance the CLARITY Act. Summary Elizabeth Warren and four Senate Democrats have called for hearings into Trump’s crypto holdings before the CLARITY Act advances. Democrats argue Trump’s reported $1.4 billion in crypto income raises conflict-of-interest concerns and want ethics rules added to the bill. Senate negotiators continue revising the CLARITY Act as debates over DeFi rules, developer protections, and regulator appointments persist. According to a joint statement from Democratic senators, ranking members from five Senate committees have asked Congress to hold hearings…

Ripple CEO Brad Garlinghouse said the company seriously considered closing after the U.S. Securities and Exchange Commission sued it in December 2020. He said he and co-founder Chris Larsen discussed distributing Ripple’s XRP holdings to shareholders on a pro rata basis and dissolving the business. Garlinghouse described that choice as the easier path against an agency with “infinite power and resources.” Summary Ripple considered dissolving and distributing XRP to shareholders before choosing to fight the SEC lawsuit. Garlinghouse said the company protected hundreds of jobs despite spending about $150 million on litigation. The case ended in 2025, while Ripple’s penalty…

Blockstream co-founder Adam Back and Strategy founder Michael Saylor have publicly opposed BIP 110, a proposed temporary soft fork for Bitcoin. A Wu Blockchain post summarized their comments on July 12. Back said the plan attempts to police transactions that other users choose to send. He argued that this approach conflicts with Bitcoin’s decentralized and permissionless design. Summary Adam Back and Michael Saylor reject BIP 110, citing censorship concerns and potential fork risks. BIP 110 would temporarily restrict large data fields while preserving outputs created before network activation. Miner signaling remains near zero, far below the proposal’s required 55 percent…

Coinbase Chief Policy Officer Faryar Shirzad has rejected claims that the CLARITY Act would weaken U.S. national security. In a July 11 post on X, he said unclear crypto rules give bad actors room to operate outside firm regulatory boundaries. Shirzad argued that the bill would move more digital asset activity into a federal compliance system rather than leave it under fragmented oversight. Summary Shirzad says CLARITY Act applies bank-style AML rules and gives Treasury stronger enforcement tools nationwide. Warren warns current language could preserve crypto loopholes that foreign actors use for sanctions evasion. Senate negotiators target a merged draft…