More than 15 of the world’s largest banks are constructing tokenized finance on non-public blockchains, and JPMorgan says that shift, not MicroStrategy, poses the larger long-term risk to Bitcoin (BTC). The financial institution’s analysts, led by Nikolaos Panigirtzoglou, argue that if funds and belongings transfer onto permissioned networks, public blockchains might lose exercise, liquidity, and…
Federal Reserve Chair Kevin Warsh has appointed a high-profile group of economists, former central bankers, and know-how leaders to assist evaluate how the US central financial institution conducts financial coverage. While the initiative just isn’t targeted on digital belongings, the inclusion of outstanding Bitcoin supporter Marc Andreessen has drawn consideration from crypto buyers in search…
New Hampshire’s Executive Council rejected a proposed $100 million Bitcoin-backed municipal bond in a 3-2 vote on July 8, stopping a Business Finance Authority construction that might have moved BTC collateral right into a state-linked public finance course of. The vote got here after the New Hampshire Business Finance Authority mentioned final November that its…
World, a week-old Solana (SOL) prediction market, staged a faux exit. On July 8, it mentioned it was leaving Solana for Robinhood Chain, then admitted the entire thing was a crypto prank the next day. The gag drew thousands and thousands of views and briefly fooled components of the crypto business. It additionally divided opinion…
A New York federal court has returned prediction-market entry to state palms simply weeks earlier than the CFTC closes feedback on nationwide event-contract guidelines. In a July 7 opinion and order, Judge Analisa Torres of the Southern District of New York denied KalshiEX LLC’s request for a preliminary injunction to dam New York gaming officers from…
June was not type to Cardano’s native token, whose value briefly crashed beneath $0.14, marking the bottom level since 2020. Fortunately for the bulls, the asset began July on the correct foot, briefly recovering to roughly $0.20, and is at the moment buying and selling at round $0.17, representing a 14% improve over two weeks….
Bitwise has dropped Polkadot (DOT) and Avalanche (AVAX) from its flagship Bitwise 10 Crypto Index ETF (BITW). Hyperliquid (HYPE) and Stellar (XLM) had been added to the fund’s newest month-to-month rebalance. BITW works like a crypto inventory index fund. It mechanically holds the ten largest eligible cash by market cap, so traders acquire publicity to…
Robinhood launched the public mainnet of Robinhood Chain this month, describing it as a permissionless Layer 2 constructed on Arbitrum for tokenized shares, real-world property, DeFi lending, and AI-native finance. One week in, the chain’s loudest retail exercise is pushed by CASHCAT, a memecoin constructed on Robinhood’s personal discarded “CashCat” identify. The token reached practically…
Bitcoin’s market seems to be in the later levels of a bear market, however the alerts confirming a broader turnaround haven’t but emerged. On-chain information shared by Glassnode reveals the asset has recovered from $57,800 to almost $63,000 over the previous week, however it stays under each the True Market Mean of $76,600 and the…
XRP futures open curiosity on Binance has fallen to roughly 397 million XRP, its lowest stage in over three months. The decline arrives because the token trades at $1.09. Here is what the drop means, how spot knowledge contrasts, and what might come subsequent for the worth. What the XRP Open Interest Decline Actually Means…