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.
Grayscale Identifies 5 Crypto Networks Positioned to Benefit From Tokenized Equities
Grayscale identifies Ethereum, Solana, BNB Chain, Avalanche, and Canton Network as primary beneficiaries of equity tokenization.
Morgan Stanley Bitcoin Trust Adds 1,000 BTC as Bitcoin Nears Long-Term Support
Morgan Stanley Bitcoin Trust added nearly 1,000 BTC to its holdings despite overall market weakness.
Ripple Almost Shut Down After SEC Lawsuit, Brad Garlinghouse Says
Ripple CEO Brad Garlinghouse discussed the company's near-collapse following the SEC's 2020 lawsuit.
Coinbase Exec Slams Senator Warren Amid CLARITY Act & National Security Debate
Coinbase's Chief Policy Officer criticized Senator Elizabeth Warren regarding the upcoming CLARITY Act and national security debates.
Vitalik Buterin: AI’s True Risk Lies in Who Controls It, Not Its Intelligence
Vitalik Buterin argues that the primary risk of AI is the concentration of power rather than the intelligence itself.
Treasury Sec. Scott Bessent Rules Out CBDC Under Trump, “CLARITY Act Is Coming”
Treasury Secretary Scott Bessent ruled out the creation of a U.S. CBDC and called for the passage of the CLARITY Act.
‘Bitcoin Is Over’: Former Meta and Google Engineer Warns of Quantum and Miner Time Bombs Affecting BTC
Former Meta and Google engineer Patrick Shyu warns that quantum computing and declining miner incentives pose long-term threats to Bitcoin.
Crypto IPO market stalls as capital rotates to AI and macro uncertainty weighs
Crypto IPOs are stalling due to capital rotation into AI and general macroeconomic uncertainty rather than regulatory hurdles.
Charlotte County Man Arrested as Courier in $30,000 Computer Hack Bank Scam
A Florida man was arrested for acting as a courier in a $30,000 computer hack bank scam targeting an elderly victim.
Bitcoin Policy Institute Fights $293B Wallet Grab as Noah Doe Court Date Nears
The Bitcoin Policy Institute has intervened in a New York lawsuit regarding the legal title of nearly 40,000 dormant bitcoin addresses.
Elon Musk Takes a Jab at Sam Altman as Apple Sues OpenAI
Elon Musk criticized Sam Altman amid a trade secret lawsuit filed by Apple against OpenAI.
IMF Paper Warns Dollar Stablecoins Can Trigger Currency Crisis
An IMF working paper warns that dollar-denominated stablecoins could trigger currency crises in economies with overvalued fixed exchange rates.
AlienWP Transforms into Comprehensive iGaming News and Casino Review Hub
Digital platform AlienWP has pivoted its business model to become a comprehensive iGaming news and casino review hub.
XRP Price as Congress Schedules CLARITY Act Hearing on July 17
XRP traders anticipate volatility ahead of a scheduled U.S. Congress hearing on the CLARITY Act on July 17.
The UK has finally shown it’s serious about crypto
Wirex CEO Chet Shah argues that recent regulatory steps indicate the UK is becoming more serious about crypto adoption.
Satoshi Lawsuit: Bitcoin Policy Institute Moves to Dismiss ‘Noah Doe’ Case Over Satoshi’s Coins
The Bitcoin Policy Institute is seeking to dismiss a lawsuit regarding the legal ownership of Satoshi Nakamoto's coins.
ICE and OKX to Tokenize NYSE Stocks: Will Regulators Kill It?
ICE and OKX plan to tokenize NYSE stocks, though success depends on regulatory approval and adoption.
CBDC Prohibition Enters Force Without Presidential Signature in Constitutional Workaround
The 21st Century ROAD to Housing Act became law, prohibiting the Federal Reserve from launching a CBDC until December 31, 2030.
Nationwide Crypto Betting Crackdown Rocks Brazil: Inside Operation Veil of Maya
Brazilian Federal Police dismantled an illegal money laundering ring using shell companies and cryptocurrency in Operation Veil of Maya.
Trump Refused to Sign It — So the CBDC Ban Became Law Anyway
The US Federal Reserve is banned from issuing a CBDC until 2030 following the automatic enactment of the 21st Century ROAD to Housing Act.
Senate Democrats Call for Hearings Into Trump’s Crypto Holdings and UAE Ties
Senate Democrats are seeking hearings into President Trump's crypto holdings and potential foreign influence from UAE-linked investors.
JPMorgan backs crypto bill as Donald Trump vows to ‘not sign other bills’ – What now?
JPMorgan is backing the CLARITY Act, a crypto-focused bill, amid political uncertainty regarding Donald Trump's legislative priorities.
Binance Co-CEO Says Most EU Withdrawals Went to Self-Custody After MiCA Deadline
Binance reports that 70% of EU users moved funds to self-custody wallets following the MiCA deadline.
Brazil Orders Tobacco-Style Warnings on All Betting Ads: ‘Betting Makes You Lose Money’
Brazil is implementing strict advertising rules for betting operators, including mandatory warnings on all advertisements.
Dollar stablecoins could improve FX access but amplify currency runs: IMF paper
An IMF paper suggests dollar stablecoins improve FX access but could accelerate currency runs during economic stress.
Housing bill that includes a CBDC ban passed into law without Trump’s signature
The 21st Century ROAD to Housing Act has become law, including a provision that bans the Federal Reserve from issuing a CBDC.
‘The stacking continues,’ says unfazed Eric Trump despite $600M Bitcoin venture wipeout
Bitcoin treasury firms are utilizing reverse stock splits to avoid Nasdaq delisting following significant losses.
Inmate Accused of Moving $290,000 in Crypto Already Forfeited to US Government
A federal indictment charges a prisoner with illegally transferring $290,000 in cryptocurrency previously forfeited to the US government.
Morgan Stanley Targets Ethereum and Solana ETF Market Share Amid Intensifying Fee Competition
Morgan Stanley is positioning its proposed Ethereum and Solana ETFs to capture market share through staking rewards and institutional custody.
DOJ moves to dismiss charges against alleged $722M BitClub fraudster: Report
The DOJ is moving to dismiss charges against an individual accused of a $722 million BitClub fraud.
SEC Small Business Meeting Adds Another Regulatory Date For Crypto Firms To Watch
An SEC Small Business Meeting provides a new regulatory date for crypto firms to monitor regarding capital raising.
‘70% of funds went to unregulated wallets’- Binance CEO warns MiCA amplifies risk
Binance CEO warns that MiCA regulations may amplify risks, noting that 70% of funds went to unregulated wallets.
SEC’s Ripple Filing Keeps Remedies Battle Alive As XRP Traders Wait For Finality
The SEC's latest filing in the Ripple case continues the legal battle over remedies as traders await finality.
VanEck Ethereum ETF Fee Waiver Shows Issuers Are Already Fighting For First-Mover Flows
VanEck introduces a fee waiver for its Ethereum ETF to attract early market share ahead of the launch.
EURC’s Record Network Growth Could Signal a Major Shift in Europe’s Crypto Economy
EURC sees record network growth as the EU's MiCA framework drives demand for compliant euro-denominated stablecoins.
DOJ plans to end prosecution of alleged BitClub mastermind in $722M crypto fraud case
The U.S. Department of Justice plans to dismiss the prosecution of the alleged BitClub Network founder in a $722M fraud case.
SEC COO Appointment Keeps Agency Operations In Focus As Crypto Oversight Expands
The SEC's appointment of a new COO highlights the agency's operational focus as it expands its oversight of the crypto sector.
The Digital Euro Moves Forward: EU Parliament Clears Path for Key Interinstitutional Negotiations
The European Parliament has approved moving to the negotiation phase for the implementation and launch of the digital euro.
OpenAI Back in Another Legal War Weeks After Beating Elon Musk
Apple has sued OpenAI over allegations of stealing trade secrets related to unreleased hardware.
Senate Democrats call for hearings into Trump’s ties to crypto amid CLARITY Act discussions
Senate Democrats are seeking hearings to investigate potential foreign influence on President Trump's crypto policies.
Democrats Call for Senate Hearings on Trump's Massive Crypto Profits
Senate Democrats have demanded inquiries into President Trump's reported $1.2 billion in crypto profits from the previous year.
U.S. Representatives Urge Senate to Vote on CLARITY Act in July, Address Ethics Concerns
U.S. Representatives are urging the Senate to vote on the Digital Asset Market CLARITY Act before the August recess.
DOJ to drop charges against man accused in $722 million BitClub crypto Ponzi scheme: Bloomberg
The DOJ is reportedly dropping charges against a man involved in a $722 million BitClub Ponzi scheme.
Polymarket Applies for US License to Offer Margin Trading
Polymarket has applied for a US license to enable margin trading on its prediction market platform.
Here’s what’s next for the Clarity Act as Congress returns to Washington
Congress is expected to address cryptocurrency legislation, including the Clarity Act, upon returning to Washington.
US CBDC ban to go into effect without Trump signoff on housing bill
A US ban on Central Bank Digital Currencies (CBDC) until 2030 is expected to become law without Trump's signature.
Circle Wins OCC Approval for National Trust Bank
Circle received OCC approval for a National Trust Bank, providing federal custody backing for USDC.
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