Tether Faces Liquidity Crisis Despite T-Bill Reserves
The head of digital assets at a major German asset manager claims that $USDT and $USDC are not true stablecoins, raising concerns about their liquidity stability. #Update #Crypto $USDT $USDC
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Crypto Firms Face Payment Rail Review by Trump
Donald Trump’s executive order directs the Federal Reserve to assess how depository institutions access payment services, impacting the cryptocurrency sector significantly. #Update #Crypto
HYPE Emerges as Crypto’s Hidden Gem
@Bitwise claims Hyperliquid’s HYPE is undervalued, asserting the market misjudges it as a niche derivatives exchange rather than a rapidly growing global trading “super-app.” #Update #Crypto $HYPE
SEC Allows Instant Cash Raises for IPOs
The SEC proposes its largest overhaul of public listing rules in over 20 years, easing compliance for crypto firms to raise cash on Wall Street. #Update #Crypto $BTC $ETH
Tokenization Launches NUVA to Transform Wall Street
@FigureTechnologies launched NUVA this week, introducing nearly $19 billion in tokenized real-world assets to enhance regulated U.S. yield products in DeFi. #Update #Crypto
DeFi Faces Risks Amid Clarity Act Deal
The crypto market structure bill is facing concerns as last-minute negotiations aim to secure bipartisan support, potentially impacting decentralized finance (DeFi) regulations. #Update #Crypto
eBTC Exploit Hits Echo Protocol for $76M
@EchoProtocol suffered a $76 million exploit as 1,000 unauthorized eBTC were minted on the Monad blockchain. #Breaking #Crypto $BTC (-8) ↘
Ethereum Foundation Faces High-Profile Departures
The Ethereum Foundation is experiencing significant leadership changes as it undergoes an internal transition to redefine its role within Ethereum. #Update #Crypto $ETH
Solana Attracts Billions from Major Banks
Wall Street and payment giants are moving billions into $SOL, enhancing its ecosystem for tokenized funds and global payments, shedding its memecoin reputation amid a cooling crypto market. #Update #Crypto $SOL
USDC Deal Supercharges HYPE Pressures Coinbase
Hyperliquid’s USDC revenue share deal could redirect $160 million from Coinbase and Circle, potentially impacting their margins, analysts at Compass Point report. #Update #Crypto $USDC
SEC Proposes Tokenized Stock Framework for Wall Street
The U.S. Securities and Exchange Commission plans to unveil a significant crypto proposal aimed at establishing a framework for tokenized stocks, advancing its digital assets agenda. #Update #Crypto
Crypto Custody Launches in Minnesota Banks
Minnesota establishes the Midwest’s first unified digital asset safety net for banks and credit unions, enabling crypto custody services starting August 1. #Update #Crypto $BTC $ETH
Dogecoin Launches Mainstream with Revolut Card
@Revolut is launching a physical debit card allowing users to spend $DOGE with zero extra exchange fees at any location accepting Visa and Mastercard. #Update #Crypto $DOGE
Bitcoin Gains as Galaxy Secures BitLicense
@GalaxyDigital has received a New York BitLicense, becoming the second firm this year to do so after @Strike in March, enhancing its institutional crypto operations. #Update #Crypto