Market Brief – 24h
Bitcoin gained 1.46% but the session’s alpha lay in AI-exposed miners. Mining stocks rallied on multi-billion-dollar AI infrastructure deals and a pivot to cloud compute, per Cointelegraph, lifting sector sentiment. Altcoins outperformed broadly: INJ surged 5.14%, ADA +3.1%, HYPE +2.99%, ETH +2.2%, SOL +1.95%, XRP +1.79%. The standout laggard was US, collapsing 13.67%, while GPU dipped 0.59%. BTC +1.46%, ETH +2.2%, SOL +1.95%, USDC flat. Mining equities benefited from a sector rotation toward AI compute infrastructure, with multi-billion-dollar contracts driving a rerating. Broad altcoin strength contrasted sharply with the US token’s collapse.
White House Steps In as CLARITY Act Ethics Standoff Nears August Deadline
President Trump intervened in a statutory dispute regarding the CLARITY Act to resolve regulatory jurisdiction between the SEC and CFTC.
Coinbase, Ripple, and Licensed CASPs Poised to Gain Users from MiCA Migration Wave
The full implementation of MiCA regulation in the EU is expected to shift users toward compliant platforms like Coinbase and Ripple.
Six U.S. Federal Agencies Push Rules For GENIUS Act Payment Stablecoin Framework
Six U.S. federal agencies are working toward a July 18 deadline to establish a payment stablecoin framework under the GENIUS Act.
SWIFT’s November Deadline Puts ISO 20022 Front & Center
SWIFT is mandating the adoption of ISO 20022 for cross-border payments by November, ending the use of unstructured address data.
Benchmark says Securitize investors should ‘strip out the noise’ after post-SPAC selloff
Securitize has partnered with Cantor Fitzgerald to support blockchain-based IPOs and secondary offerings.
Revolut receives in-principle approval from UAE authorities for crypto services
Revolut has received in-principle approval from UAE authorities to provide crypto broker-dealer and exchange services.
South Korea, Like Japan, to Classify Crypto as National Assets
South Korea plans to classify cryptocurrencies as national assets and pilot tokenized government bonds by 2027.
US Senator blasts AG pick for ‘dismantling’ crypto unit, Trump’s CZ pardon
US Senators criticized Trump's Attorney General pick over crypto enforcement views and the pardon of CZ.
Senators to Meet Donald Trump as CLARITY Act Ethics Talks Face Deadline
Senators are meeting with Donald Trump to discuss the CLARITY Act and unresolved ethics language regarding crypto rules.
President Trump To Meet Senators On Clarity Act’s Ethics Fight: Report
President Trump plans to meet with senators to resolve ethics disputes regarding the Digital Asset Market Clarity Act.
Ripple’s David Schwartz Pushes Back On SEC Revision
Ripple's David Schwartz criticized the SEC's shifting narrative regarding whether XRP is a security.
South Korea Moves to Treat Crypto as National Wealth Under New Law
South Korea plans to treat cryptocurrencies as long-term national wealth under a new National Asset Basic Act.
FOMC meets July 28–29 as stablecoin rulemaking deadline lands
Upcoming key dates include the stablecoin rulemaking deadline on July 18 and the FOMC rate decision on July 28–29.
US, UK Outline Recommendations to Align Stablecoin and Tokenization Rules
The US and UK have outlined recommendations to align regulatory frameworks for cross-border stablecoins and tokenized markets.
Tether CEO: ‘Demand for dollar settlement is a wages story’ – $7M Pact Labs investment proves it
Tether CEO emphasizes the demand for dollar settlement and expands stablecoin payment infrastructure through a Pact Labs investment.
Senate Democrats Threaten to Block Crypto Bill Over Trump’s $1.4B Conflict
Senate Democrats threaten to block the CLARITY Act crypto bill over concerns regarding President Trump's cryptocurrency earnings.
‘This Bill Is Worthless’: Senate Democrats Draw a Line on Trump’s Crypto Profits
Senate Democrats are opposing the CLARITY Act, demanding ethics provisions to block Trump and his family from crypto dealings.
Morgan Stanley Updates Ethereum and Solana ETF Filings as Coinbase Takes Custody and Staking Role
Morgan Stanley updated its spot Ethereum and Solana ETF filings, appointing Coinbase as the custodian and staking facilitator.
South Korea to bring crypto under new state asset management law
South Korea plans to bring cryptocurrencies under a new state asset management law via the National Asset Basic Act.
CFTC Blocks Michigan’s Attempt to Cancel Kalshi Prediction Market Trades
The CFTC blocked a Michigan court's attempt to force Kalshi to cancel prediction market trades, asserting federal authority over state directives.
XRP Crypto News: Ripple Wins Full EU MiCA License
Ripple has secured a full EU MiCA license from Luxembourg regulators, providing regulatory clarity for XRP in Europe.
Taiwan Lawmaker Puts Bitcoin Reserve Odds at 80% in Five Years: Here’s His Roadmap
Taiwanese lawmaker Dr. Ko Ju-chun suggests an 80% probability of Taiwan establishing a strategic Bitcoin reserve within five years.
Treasury Department Blocks $131M in Iranian Cryptocurrency Amid Growing Conflict
The US Treasury and Tether blocked $131 million in USDT linked to Iran's Central Bank as part of Operation Economic Fury.
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