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Ripple's five-year deal makes XRP the first cryptocurrency to appear on jerseys of a major NCAA Division I athletics program.
The XRP logo will appear on Kansas Jayhawks football, men's basketball, women's basketball, and other athletic uniforms.
The partnership also includes financial literacy programs, technology education, and career opportunities for University of Kansas students.
Ripple has signed a five-year partnership with the University of Kansas, placing the XRP logo on Jayhawks athletic uniforms. Kansas Athletics announced the agreement after the NCAA allowed corporate logos on Division I uniforms beginning in August 2026. According to the university and Ripple, the deal makes XRP the first cryptocurrency to appear on the jerseys of a major NCAA Division I athletics program while expanding an existing relationship between both organizations.
XRP Heads to Kansas Athletics Uniforms
Kansas Athletics said the XRP patch will appear on football, men's basketball, women's basketball, and other Jayhawks uniforms. The agreement was arranged through Learfield and Jayhawk Sports Properties, which manages the university's sponsorship portfolio.
Athletic Director Travis Goff said the partnership reflects a shared commitment to innovation. He added that the agreement connects Kansas Athletics with the broader technology sector through Ripple.
Ripple CEO Brad Garlinghouse also highlighted the announcement on X. Garlinghouse, a University of Kansas economics graduate born in Topeka, described the partnership as a rare moment where his professional career and alma mater came together.
Football coach Lance Leipold, men's basketball coach Bill Self, and women's basketball coach Brandon Schneider also welcomed the collaboration, citing the university's focus on innovation.
Partnership Extends Beyond Branding
Kansas Athletics said the agreement includes financial literacy and technology education programs for student-athletes and the wider university community. Ripple also plans to expand career opportunities by connecting Kansas graduates with technology industry employers.
The partnership builds on existing ties between both organizations. The University of Kansas already operates an official XRP Ledger validator through its engineering school, making it an active participant in the XRP ecosystem.
NCAA Rule Opens New Sponsorship Category
The NCAA approved corporate logos on Division I uniforms in January 2026, allowing schools to begin displaying them from August. Kansas became one of the first universities to announce a jersey sponsorship under the new policy.
According to the information released, Ripple's agreement marks the first cryptocurrency jersey partnership involving a major NCAA Division I athletics program. Following the announcement, XRP declined 1.55%, while futures open interest increased modestly, indicating higher trading activity despite the price movement.
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Eightco treasury composition as of July 8, 2026: $90M OpenAI equity (indirect), $18M Beast Industries equity, 16,278 ETH, 283 million WLD holdings, and $149M cash and equivalents, totaling approximately $397 million
Worldcoin token (WLD) now listed on Robinhood (NASDAQ: HOOD), expanding access to millions
OpenAI recently announced that it submitted a confidential S-1, setting itself up for an initial public offering
Eightco provides indirect exposure to some of the most innovative private companies including OpenAI and Beast Industries
EASTON, Pa., July 9, 2026 /PRNewswire/ -- Eightco Holdings Inc. (NASDAQ: ORBS) ("Eightco" or the "Company") today provided an update on its total holdings, highlighting its position across digital assets and strategic investments in leading private technology companies.
As of July 8, 2026, at 6:00 p.m. ET, ORBS' holdings include a $90 million investment (indirectly, through SPVs) in OpenAI, an $18 million funded investment in Beast Industries, a $1 million investment in Mythical Games, 283,452,700 Worldcoin (WLD) at $0.39 per WLD (per Coinbase), 16,278 Ethereum (ETH), and approximately $149 million in total cash and stablecoins, for total holdings of approximately $397 million.
Top Headlines Driving the News:
ORBS management believes the Company's treasury portfolio holds some of the most critical components for the future AI and digital financial system. This week's top headlines include:
OpenAI announced it will publicly release its GPT-5.6 Sol, Terra and Luna models on July 9, 2026. According to OpenAI, GPT-5.6 Sol is its "strongest model yet" and is more capable across coding, biology and cybersecurity (CNBC).
On July 8, it was announced that the OpenAI Deployment Company agreed to acquire Northslope, an applied AI firm. The deal expands the Deployment Company's team to hundreds of "forward deployed engineers" (FDEs) who work alongside customers to build AI systems within their organizations. This highlights how the AI race may be defined by who can get businesses to use their AI tools rather than model releases (Axios).
On July 7, ABC announced MrBeast will appear as a guest Shark on Shark Tank Season 18 this fall. The appearance marks the world's most-subscribed creator's debut as an investor on the program (ABC).
On July 6, World opened its flagship London store, where visitors can learn about the benefits of private proof of human and verify their humanness via an Orb (World).
Later this month, on July 24, 2026, the amount of WLD entering the market each day will automatically drop by 43%, from about 5.1 million to about 2.9 million tokens per day, as the token's heaviest three-year release period ends (World Foundation). This schedule was established in the World whitepaper at the token's inception. The Company holds 283,452,700 WLD, about 8.1% of all WLD on the market today and the largest publicly disclosed position in the world. That position does not change on July 24, what changes is the supply of WLD will continue to increase, but the rate of supply increases following July 24 will be at roughly half the previous pace.
"Seemingly every week, the capabilities and innovations from AI continue to astound markets," said Thomas "Tom" Lee, Board Member of Eightco. "OpenAI's upcoming release of GPT-5.6 and its acquisition of Northslope demonstrate that the next phase of AI is not only about building more capable models, but also driving enterprise adoption at scale."
"Regarding World, we view their expansion into London as reflective of the growing importance of trusted digital identity as AI becomes increasingly integrated into everyday life. We believe ORBS is uniquely positioned through its exposure to both OpenAI and World, two platforms that are helping define the future of artificial intelligence and the infrastructure required to support it." continued Lee.
Eightco: Exposure to key mega-trends
Eightco is built around three mega-trends the Company expects to shape the next decade of innovation: artificial intelligence, digital identity, and the creator economy, with positions in each trend through indirect investment in OpenAI (23% of ORBS' treasury holdings), Worldcoin (28%), and Beast Industries (5%).
Artificial Intelligence — OpenAI
Eightco has invested approximately $90 million in special purpose vehicles with exposure to equity interests in the parent company of OpenAI, representing approximately 23% of treasury assets, one of the highest disclosed concentrations of any listed vehicle.
ChatGPT, OpenAI's consumer app, is the #1 consumer AI app worldwide (Sensor Tower) and crossed 900 million weekly active users in February 2026, making it the fastest-scaling consumer technology in history (UBS via Reuters).
Digital Identity — WLD Token
Eightco holds over 283 million WLD, approximately 8.1% of circulating supply, the largest publicly disclosed institutional position globally and approximately 28% of the Eightco treasury's assets.
Worldcoin is the native token of World, a global Proof of Human network built by Tools for Humanity (co-founded by Sam Altman and Alex Blania) and stewarded by the World Foundation. Its Orb devices issue a privacy-preserving World ID that verifies a user is a unique human, not an AI agent.
Under World's announced business model, applications pay per-verification fees while end-user verification remains free, with both credential issuers and the World protocol monetizing verified-human authentication. World identifies a $6.35 trillion combined addressable revenue opportunity across 13 industries spanning banking, e-commerce, gaming, social media, and agentic AI (per Tools for Humanity).
Creator Economy — Beast Industries
Eightco has invested $18 million in Beast Industries equity, approximately 5% of treasury assets.
Beast Industries operates one of the largest direct-to-consumer reach footprints in the world, with a combined 500 million-plus follower base across platforms, anchored by MrBeast as the most-watched person on YouTube globally. As AI commoditizes content production, distribution and audience trust become increasingly scarce assets.
About Eightco Holdings Inc.
Eightco Holdings Inc. (NASDAQ: ORBS) is a publicly traded company executing a first-of-its-kind Worldcoin (WLD) treasury strategy, providing investors single-ticker indirect exposure to three of the defining trends of this cycle: artificial intelligence through its indirect investment in OpenAI, digital identity through its position as the largest public holder of WLD and the Proof of Human protocol, and the creator economy through its equity stake in MrBeast's Beast Industries. Backed by leading institutional investors including Bitmine Immersion Technologies Inc. (NYSE: BMNR), MOZAYYX, World Foundation, CoinFund, Discovery Capital Management, FalconX, Payward/Kraken, Pantera, and GSR, Eightco is building the infrastructure layer for human verification in the agentic AI era.
For more information:
X: @iamhuman_orbs
Website: 8co.holdings
Frequently Asked Questions
What is ORBS stock?
Eightco Holdings Inc. (NASDAQ: ORBS) is a publicly traded company on Nasdaq. ORBS provides indirect exposure to: OpenAI and Beast Industries.
Who owns the most Worldcoin (WLD)?
Eightco Holdings (NASDAQ: ORBS) holds 283 million WLD, approximately 8.1% of circulating supply and the largest publicly disclosed institutional position globally.
What is Proof of Human?
Proof of Human is cryptographic verification that a user is a unique, living person, not a bot or AI agent. It is foundational infrastructure for social networks, banking, agentic commerce, and any system requiring "one person, one account" in the agentic AI era.
How does Eightco (ORBS) relate to Proof of Human?
Eightco Holdings (NASDAQ: ORBS) is the largest publicly disclosed institutional holder of Worldcoin (WLD), the token powering World's Proof of Human network.
Who is the CEO of Eightco Holdings?
Kevin O'Donnell is the CEO of Eightco Holdings (NASDAQ: ORBS). The Company's Board includes Tom Lee (Managing Partner and Head of Research at Fundstrat, and Chairman of Bitmine Immersion Technologies (NYSE: BMNR)) and, as an advisor to the Board, Brett Winton (Chief Futurist at ARK Invest).
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical fact could be deemed forward-looking, including, without limitation, statements regarding: the Company's expectations that artificial intelligence, digital identity, and the creator economy will shape the next decade of innovation; the Company's belief that its treasury portfolio holds some of the most critical components for the future AI and digital financial system; statements regarding the potential for an initial public offering of OpenAI following its submission of a confidential S-1; statements that Proof-of-Human verification provides foundational infrastructure for social networks, banking, agentic commerce, and any system requiring "one person, one account" in the agentic AI era; statements regarding World's addressable revenue opportunity of $6.35 trillion across industries spanning banking, e-commerce, gaming, social media, and agentic AI; statements regarding the Company's position as the largest publicly disclosed institutional holder of WLD globally; statements that distribution and audience trust become increasingly scarce assets as AI commoditizes content production; statements regarding the Company building the infrastructure layer for human verification in the agentic AI era; statements regarding the listing of Worldcoin (WLD) on Robinhood expanding access to millions of users; statements regarding the capabilities and expected release of OpenAI's GPT-5.6 Sol, Terra, and Luna models; statements regarding the significance of the OpenAI Deployment Company's acquisition of Northslope for enterprise AI adoption; statements regarding the growing importance of trusted digital identity as AI becomes integrated into everyday life; statements regarding the expected reduction in WLD supply growth following July 24, 2026; statements regarding the Company's unique positioning through its exposure to OpenAI and World platforms; and statements regarding OpenAI's belief that GPT-5.6 Sol is its "strongest model yet." Words such as "plans," "expects," "will," "anticipates," "continue," "expand," "advance," "develop," "believes," "guidance," "target," "may," "remain," "project," "outlook," "intend," "estimate," "could," "should," "positioned," "view," and other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements are based on management's current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: the Company's inability to direct the management or operations of private businesses where the Company is not a controlling stockholder, including OpenAI and Beast Industries; risk of loss or markdown on the Company's strategic investments, including its indirect position in OpenAI equity (held through special purpose vehicles), its position in WLD, and its position in Beast Industries equity; the Company's ability to maintain compliance with Nasdaq's continued listing requirements; unexpected costs, charges or expenses that reduce the Company's capital resources or otherwise delay capital deployment; inability to raise adequate capital to fund or scale its business operations or strategic investments; volatility in digital asset prices, including WLD and ETH, which could materially affect the value of the Company's treasury holdings; regulatory changes, future legislation and rulemaking negatively impacting digital assets, artificial intelligence adoption, or biometric data collection; risks related to the development, adoption, and market acceptance of Proof-of-Human technology and the World network; uncertainty regarding the pace and trajectory of agentic AI deployment in enterprise and consumer applications; uncertainty regarding OpenAI's product roadmap, business model developments, and the timing or success of any IPO; risks related to Beast Industries' ability to achieve its growth projections; competition in the digital identity and AI infrastructure markets; reliance on third-party sources for the valuation of certain investments; uncertainty regarding MrBeast's continued success and the performance of Beast Industries' creator-driven business model; risks related to the Company's concentrated positions in certain digital assets and private company investments; shifting public and governmental positions on digital assets or artificial intelligence-related industries; risks related to the timing, features, and commercial reception of OpenAI's model releases; and risks that WLD supply dynamics may not result in anticipated market effects. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Eightco's actual results to differ from those contained in the forward-looking statements herein, see Eightco's filings with the Securities and Exchange Commission (the "SEC"), including the risk factors and other disclosures in its Annual Report on Form 10-K filed with the SEC on April 15, 2026 and other publicly available SEC filings. All information in this press release is as of the date of the release, and Eightco undertakes no duty to update this information or to publicly announce the results of any revisions to any of such statements to reflect future events or developments, except as required by law.
Disclaimer: Any information written in this press release does not constitute investment advice. Crypto Front News does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Crypto Front News is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release. For more details, visit our disclaimer page.
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Scott Bessent said digital assets, stablecoins, tokenization, and modern payments will shape the future of global finance.
The Treasury secretary urged the U.S. to lead financial technology standards rather than adopt rules created by other nations.
Bessent said innovation in digital finance must also meet transparency, security, consumer protection, and law enforcement standards.
Treasury Secretary Scott Bessent said digital assets, stablecoins, tokenization, and modern payment systems will shape the future of money during a June 23 speech in New York. Speaking at The Economic Club of New York's America 250 Gala Dinner, Bessent outlined five principles for U.S. economic policy and said the country should help establish standards for emerging financial technologies instead of allowing them to develop elsewhere.
https://twitter.com/Matt_Hougan/status/2074802517645426949?s=20
Bessent Outlines Digital Asset Strategy
According to prepared remarks from the U.S. Treasury, Bessent described the ability to set future economic standards as the third pillar of the administration's strategy. He said tomorrow's competition will extend beyond trade and instead focus on platforms, systems, and protocols that support global commerce.
Bessent said nations that fail to shape those standards could later operate under rules created by others. He added that open, secure, market-based standards would support innovation, intellectual property protection, and fair competition.
Turning to financial technology, Bessent identified digital assets, stablecoins, tokenization, and new payment systems as areas that will influence future financial infrastructure. He said the United States should support innovation that strengthens the dollar, improves efficiency, expands financial access, and preserves financial system integrity. However, he also said new technologies must meet transparency, security, consumer protection, and law enforcement standards.
Hougan Highlights Treasury Remarks
Following the speech, Bitwise Chief Investment Officer Matt Hougan said he spent the morning reviewing Bessent's remarks. Hougan described the address as presenting a long-term vision for America's economic role over the next century.
Hougan also referenced economist Mohamed A. El-Erian, who called the speech "remarkably important." He pointed to Bessent's third principle as the section most relevant to digital assets.
Speech Links Crypto to Economic Policy
According to Bessent, America should help write the rules governing next-generation financial technologies instead of remaining on the sidelines. He placed digital assets alongside broader economic priorities discussed throughout the address.
Meanwhile, Hougan said Bessent's comments provide insight into Washington's approach toward crypto policy. He specifically highlighted the Treasury secretary's remarks that digital assets and related technologies will help shape the future of money, placing them within the administration's broader economic framework.
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Kraken ranks first among MiCA-regulated exchanges with over $399 million in spot liquidity and $206 million in perpetual liquidity.
DefiLlama data shows Kraken leads market coverage with 1,704 listed markets, ahead of Coinbase and Crypto.com.
The MiCA framework is reshaping competition as licensed exchanges compete on liquidity, compliance, and trading products.
Kraken has emerged as the leading MiCA-regulated cryptocurrency exchange by spot liquidity, perpetual liquidity, and market coverage, according to DefiLlama's MiCA dashboard. The data, released after the European Union's Markets in Crypto-Assets framework took effect on July 1, shows Kraken ahead of Coinbase and other licensed trading platforms across key trading metrics.
https://twitter.com/WuBlockchain/status/2074918297368477962?s=20
Kraken Leads Across Trading Metrics
According to DefiLlama, Kraken holds $399.71 million in spot liquidity, the highest among MiCA-regulated exchanges. The exchange also leads perpetual liquidity with $206.90 million. Coinbase follows with $305.23 million in spot liquidity and $167.39 million in perpetual liquidity.
The gap between the two exchanges reaches nearly $95 million in spot liquidity. Meanwhile, DefiLlama's live dashboard later showed Kraken remaining above $400 million in spot liquidity. The platform also leads market coverage with 1,704 listed markets. Coinbase ranks second with 1,074 markets, while Crypto.com follows with 883.
Other Exchanges Show Lower Liquidity
Beyond the two largest exchanges, liquidity falls sharply across other regulated platforms. According to DefiLlama, Crypto.com reports $130.84 million in spot liquidity. Bitstamp follows with $54.62 million, while Bybit records $50.19 million.
OKX, Gate, and Backpack report $11.92 million, $6.94 million, and $5.43 million in spot liquidity, respectively. For perpetual liquidity, Backpack holds $41.19 million, while OKX reports $20.54 million. Gate, Bitstamp, and Bybit were not listed among the leading perpetual liquidity providers.
MiCA Creates New Competitive Landscape
According to DefiLlama, the dashboard allows users to compare liquidity, compliance status, fees, and market coverage across licensed exchanges.
Earlier reports noted that Kraken secured its MiCA license from the Central Bank of Ireland in June 2025. The authorization allows the exchange to provide regulated services across the European Economic Area.
Coinbase also established its MiCA operations through Luxembourg before the framework took effect. According to earlier reports, OKX expanded regulated services across 28 European Economic Area markets after receiving approval in Malta.
The latest DefiLlama figures show liquidity, trading products, and market coverage now distinguish licensed exchanges operating under the European Union's unified crypto regulatory framework.
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Ron Wyden called on Senate leaders to preserve BRCA protections for non-custodial blockchain developers in the CLARITY Act.
Wyden said the proposal clarifies developers are not money transmitters if they do not control customer assets.
The senator argued BRCA preserves law enforcement powers while providing greater legal certainty for blockchain developers.
Sen. Ron Wyden urged Senate leaders to keep the Blockchain Regulatory Certainty Act (BRCA) in any version of the Clarity Act brought to the Senate floor. Wyden sent the request to Senate Majority Leader John Thune and Senate Democratic Leader Chuck Schumer as lawmakers continue discussions over the bill, while questions remain about support from law enforcement groups and several Democratic senators.
Wyden Defends BRCA Language
In his letter, Wyden said Section 604, known as the Blockchain Regulatory Certainty Act, would preserve legal protections for non-custodial blockchain developers. According to Wyden, the provision would codify existing federal policy by clarifying that software developers should not become money transmitters simply for publishing software.
He said the protection applies only when developers do not control customer assets. Therefore, developers creating non-custodial tools would receive greater legal certainty under the proposal.
Wyden added that the language aligns the Bank Secrecy Act with the criminal code while reflecting existing guidance from the Financial Crimes Enforcement Network.
Debate Continues Over Senate Bill
The request comes as uncertainty remains over whether some law enforcement organizations will support the BRCA language.
According to the information provided, lawmakers are also weighing whether revisions could help secure votes from Democratic senators, including Catherine Cortez Masto and Mark Warner.
Wyden argued that removing the provision could affect software developers building decentralized finance applications in the United States. He also noted that he introduced the standalone BRCA legislation alongside Senator Cynthia Lummis as the Democratic co-sponsor.
Letter Stresses Law Enforcement Powers
Wyden said the proposal would not weaken anti-money laundering or counter-terrorism financing requirements. Instead, he wrote that the measure would preserve the authority of the Department of Justice and FinCEN to investigate criminal activity.
He also pointed to an exception within the proposal. According to Wyden, developers who transfer or use funds connected to illegal activity would not receive protection.
The senator said the approach would allow investigators to focus resources on unlicensed money-transmitting businesses and other criminal actors. He closed the letter by urging Thune and Schumer to retain the Blockchain Regulatory Certainty Act in any Senate version of the Clarity Act.
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Robinhood Chain will allocate 10% of protocol net revenue, with 8% going to the Arbitrum DAO treasury and 2% to development.
Robinhood Wallet now supports bridging assets from multiple blockchains and swapping tokens on Robinhood Chain.
The Ethereum Layer 2 network targets tokenized stocks, real-world assets, and decentralized finance services.
Robinhood Chain has introduced a revenue-sharing model that directs part of its fees to the Arbitrum ecosystem, according to Offchain Labs co-founder Steven Goldfeder. The update follows Robinhood Chain's recent launch in Robinhood Wallet, where users can bridge assets from multiple blockchain networks and swap tokens. Goldfeder said the structure will support the Arbitrum treasury and development funding as enterprise adoption grows.
Robinhood Chain Fees Flow To Arbitrum
According to Steven Goldfeder, every Arbitrum Layer 2 network, including Robinhood Chain, will contribute 10% of protocol net revenue. He said 8% will go to the tokenholder-controlled Arbitrum DAO treasury.
Meanwhile, the remaining 2% will fund ecosystem development. Goldfeder also said Arbitrum One follows a different model. According to him, 100% of fees collected on Arbitrum One flow directly into the Arbitrum treasury.
The Arbitrum DAO factsheet describes the revenue source as protocol net revenue. Therefore, the calculation applies after network costs rather than total user fees.
Robinhood Wallet Expands Chain Access
The revenue update comes as Robinhood Chain becomes available inside Robinhood Wallet. According to Wu Blockchain, users can bridge assets from Solana, Ethereum, Arbitrum, and other supported networks.
After bridging, users can swap assets directly within the wallet application. Earlier reports from crypto.news said Robinhood Chain operates as an Ethereum Layer 2 network built with Arbitrum technology.
The same reports said the network focuses on tokenized stocks, real-world assets, and decentralized finance services. During testing, the network processed more than four million transactions in its first week.
Revenue Model Supports Treasury And Development
According to the Arbitrum DAO factsheet, Robinhood Chain launched on July 1 as a dedicated Arbitrum chain settling to Ethereum.
The factsheet states that 10% of protocol net revenue returns under the Arbitrum Expansion Program license. It also confirms that 8% goes to the DAO treasury while 2% supports the Arbitrum Developer Guild.
Robinhood has positioned tokenized stocks as a core product on the network. The report also said eligible users across more than 120 countries can trade tokenized equities through Robinhood Wallet and supported decentralized exchanges.
Goldfeder said the revenue model allows Arbitrum to capture value as enterprise adoption of its Layer 2 technology continues to expand.
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Crypto adoption continues expanding as institutional participation grows despite ongoing uncertainty surrounding future U.S. regulatory direction and policy.
CZ said future political outcomes remain unpredictable, while broader blockchain adoption continues reshaping the industry's long-term trajectory globally.
Growing investor participation and public company involvement may reshape future crypto policy discussions across the United States political landscape.
Crypto Regulation Outlook remains a major discussion point after fresh comments addressed future U.S. policy uncertainty. Market participants continue monitoring regulation as digital asset adoption expands across investors and publicly listed companies.
CZ Addresses Future Political Uncertainty
Wu Blockchain shared remarks from Binance founder Changpeng Zhao following a CoinDesk interview. The discussion centered on possible future U.S. regulatory actions. Questions also focused on potential subpoenas under another administration.
https://twitter.com/WuBlockchain/status/2073710422839243113?s=20
CZ declined to predict future American political developments. He said political outcomes remain difficult to forecast accurately. That response avoided speculation regarding future enforcement decisions.
He also reflected on Binance's previous regulatory challenges. During that period, future policy direction appeared uncertain. He admitted later political developments surprised him.
His comments presented uncertainty as an ongoing market reality. Government priorities continue changing across election cycles. Crypto participants therefore remain attentive to policy developments.
Industry Adoption Expands Beyond Politics
The post shifted attention toward broader cryptocurrency adoption. CZ argued digital assets continue reaching wider audiences. More investors now participate across multiple market segments.
Publicly listed companies have also increased digital asset involvement. Corporate participation has expanded beyond early blockchain businesses. That development broadens cryptocurrency's economic footprint.
CZ suggested expanding participation could influence future political calculations. Larger investor communities create greater public interest in regulation. Policymakers increasingly engage with cryptocurrency-related issues.
Even so, he avoided predicting permanent policy support. Regulatory approaches may still change across administrations. Long-term adoption and political cycles therefore remain separate discussions.
Technology Growth Remains the Central Theme
The post also referenced CZ's comparison with artificial intelligence and the internet. He described cryptocurrency as another transformative technology. Adoption continues advancing despite regulatory uncertainty.
CZ stated blockchain technology has no practical "delete button." Decentralized networks continue operating across global markets. Development therefore extends beyond any single jurisdiction.
Innovation also continues through international participation. Developers, investors, and companies operate across multiple countries. Market activity remains geographically diversified as adoption grows.
The interview presented no forecast regarding future enforcement actions. Instead, it focused on cryptocurrency's broader development trajectory. Growing participation continues shaping the Crypto Regulation Outlook as digital assets become increasingly integrated into financial markets and corporate activity worldwide.
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The Blockchain Association said blockchain has helped activists and aid groups access funding in restrictive countries.
The group urged Congress to pass the CLARITY Act to provide clearer crypto regulations and support innovation.
The article argued open blockchain networks offer an alternative where governments restrict traditional financial systems.
The Blockchain Association highlighted a new article from leaders at the National Endowment for Democracy, arguing that blockchain technology has supported democratic movements in restrictive countries. According to the association, the article also urges Congress to pass the CLARITY Act, saying clearer crypto regulations would strengthen innovation while supporting financial access through decentralized networks.
Article Highlights Crypto Use Under Restrictions
According to the Blockchain Association, National Endowment for Democracy President Damon Wilson and former U.S. official Juan Zarate described how digital assets have helped communities operating under authoritarian governments.
The article cited examples from Venezuela, Afghanistan, Belarus, and Nigeria. It said activists, journalists, educators, and humanitarian workers continued receiving financial support after governments restricted banking services or controlled payment systems.
According to the authors, the National Endowment for Democracy uses dollar-backed stablecoins to distribute resources in remote and heavily restricted regions. They added that blockchain technology allows internet users to access financial services more quickly and securely than traditional payment networks.
Authors Call For Regulatory Clarity
Building on those examples, the authors argued that decentralized financial tools have become important where democratic freedoms face restrictions. They said authoritarian governments have used traditional financial infrastructure to freeze accounts, block payments, monitor transactions, and restrict access to financial services.
According to the Blockchain Association, open blockchain networks offer an alternative when centralized payment systems become unavailable. The organization said developers need predictable regulations to continue building blockchain applications in the United States.
The association therefore renewed its support for the CLARITY Act. It said the proposed legislation would provide regulatory certainty while preserving consumer protections and market integrity.
Focus Turns To Global Financial Competition
The Blockchain Association also said regulatory clarity would strengthen the United States' role in shaping digital finance. According to the organization, innovation and national security remain closely connected as financial technology evolves.
The article also stated that China, Russia, and other governments continue promoting central bank digital currencies. According to the authors, democratic nations should instead support financial systems built on openness, transparency, and clear regulatory frameworks while Congress considers the CLARITY Act.
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Tether burned $2.5 billion in Ethereum-based USDT, marking its largest single burn since February 2026.
Binance's Tron USDT balance dropped to about $806 million, its lowest level since December 29, 2025.
Analysts said the simultaneous supply shifts likely reflect treasury management and cross-chain liquidity rebalancing.
Tether burned $2.5 billion worth of USDT on the Ethereum network on July 7, its largest single burn since February 2026, according to CryptoQuant. On the same day, Binance's USDT balance on the Tron network dropped to about $806 million, its lowest level since December 29, 2025, drawing attention to simultaneous shifts in stablecoin liquidity.
Ethereum Burn Reaches Five-Month High
According to CryptoQuant, the July 7 transaction reduced Ethereum's circulating USDT supply by approximately 1.3%. The blockchain analytics firm said it was the largest single Ethereum burn recorded in roughly five months.
However, analysts noted that USDT burns usually reflect treasury management rather than permanent supply destruction. They explained that Tether commonly burns tokens during customer redemptions or while rebalancing supply across different blockchain networks.
Despite the burn, USDT continued trading near its one-dollar peg. That stability suggested the operation aligned with routine supply management rather than unusual market conditions.
Binance Tron Holdings Hit Multi-Month Low
At the same time, Binance's USDT balance on the Tron network declined below the $1 billion mark. According to CryptoQuant, the balance fell to approximately $806 million.
The latest figure represents Binance's lowest Tron-based USDT holdings since December 29, 2025. Tron has historically served as one of the primary settlement networks for USDT transfers and exchange activity.
CryptoQuant said the decline crossed a closely watched liquidity threshold. However, available blockchain data does not identify whether the reduction resulted from customer withdrawals, cross-chain transfers, or other treasury adjustments.
Analysts Track Cross-Chain Stablecoin Activity
According to CryptoQuant, the combination of a major Ethereum burn and shrinking Tron liquidity deserves close monitoring. The analytics firm highlighted that both events occurred on the same day.
Analysts added that large USDT burns typically accompany treasury operations and blockchain rebalancing. Nevertheless, they said the simultaneous reduction in Ethereum supply and Binance's Tron balance stands out because both movements occurred together during the same reporting period.
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The SEC will propose new rules covering crypto assets, exchanges, broker-dealers, custody, and tokenized securities.
Chairman Paul Atkins said the agenda aims to provide regulatory clarity while supporting innovation and investor protection.
The upcoming meeting begins the public rulemaking process before the SEC considers final crypto regulations later this year.
The U.S. Securities and Exchange Commission has outlined its 2026 regulatory agenda, confirming a crypto rulemaking meeting will take place this month. According to the SEC, the effort will introduce proposals covering crypto assets, exchanges, custody, and broker-dealer rules while seeking public input before final regulations move forward later this year.
Crypto Rules
According to the SEC, the upcoming proposals aim to clarify the regulatory framework for crypto assets. The agency said the rules will provide greater certainty for issuing, trading, and holding digital assets while maintaining investor protections.
The SEC also plans to review exchange regulations alongside broker-dealer requirements. Proposed amendments include changes to liquid capital standards, customer asset protections during insolvency, and recordkeeping rules where crypto assets are involved.
Meanwhile, the agency said the proposal seeks to establish clearer rules for tokenized securities and on-chain financial markets. It added that the framework should reduce uncertainty while continuing enforcement against parties violating securities laws.
Paul Atkins Details Agency Priorities
SEC Chairman Paul Atkins said the agency has made significant progress since the start of his tenure. According to Atkins, the Commission wants its regulatory framework to reflect technological changes across financial markets.
He said the SEC aims to support innovation by creating clearer rules for crypto fundraising, custody, and on-chain trading. Atkins also said the agency intends to advance President Donald Trump's goal of making the United States the global center for crypto innovation.
The agenda also includes proposals to simplify disclosure requirements for public companies. Additionally, the SEC plans to explore broader retail participation in private markets while maintaining investor safeguards.
Meeting Opens Public Rulemaking Process
According to the SEC, this month's meeting will begin the formal rulemaking process rather than finalize new regulations. Draft proposals will become available for public comment before the Commission considers final adoption.
The agenda also follows several policy changes under Atkins. Notably, the SEC has shifted toward developing tailored crypto regulations after previously relying heavily on enforcement actions during former Chairman Gary Gensler's tenure.
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Tether invested $20 million in Mercado Bitcoin to support payments, tokenization, lending, and on-chain capital markets.
Mercado Bitcoin serves 4.5 million users and has issued over R$2 billion in tokenized assets under regulated licenses.
The funding will accelerate Mercado Bitcoin's expansion across Brazil while supporting international growth and partnerships.
Tether has invested $20 million in Mercado Bitcoin through a strategic financing round, expanding its presence in Latin America's digital asset market. The announcement confirmed the funding will support Mercado Bitcoin's blockchain financial infrastructure across Brazil and international markets. According to Tether, the investment targets regulated on-chain financial services as demand for tokenization and stablecoin payments continues to grow.
https://twitter.com/coinbureau/status/2074483879612936468?s=20
Mercado Bitcoin Expands Regulated Financial Services
Mercado Bitcoin said the new capital will strengthen several parts of its business. The company plans to expand payments infrastructure, tokenized investment products, lending services, and on-chain capital markets.
Founded in 2013, Mercado Bitcoin has grown from a cryptocurrency exchange into a broader financial services platform. Today, it provides trading infrastructure, stablecoin payments, banking services, cross-border transactions, and tokenized investment products.
According to Tether, Mercado Bitcoin now serves 4.5 million users. The company has also issued more than R$2 billion, or about $388 million, in tokenized assets.
Its regulated operations include more than 10 licenses across Brazil and Europe. Those approvals include a Payment Institution license from Banco Central do Brasil, alongside broker-dealer, securitization, and asset management capabilities.
Executives Outline Investment Strategy
Tether Chief Executive Officer Paolo Ardoino said Mercado Bitcoin has developed a regulated on-chain financial platform serving millions of users. He added that Brazil remains one of the company's important markets for blockchain-based financial services.
Meanwhile, Mercado Bitcoin Chairman and Chief Executive Officer Roberto Dagnoni said blockchain finance has already moved beyond early adoption. According to Dagnoni, the latest financing will support expansion across Brazil while advancing international growth initiatives.
Funding Targets Growth Across Markets
The companies said the financing will also support strategic partnerships and additional international expansion. Furthermore, Mercado Bitcoin intends to increase lending capacity while expanding tokenized investment offerings for retail and institutional clients.
According to Tether, the investment aligns with its strategy of supporting companies building regulated blockchain financial infrastructure. The company added that it continues focusing on businesses combining regulatory approvals, technology, and large-scale financial services as tokenization and stablecoins expand across global markets.
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Judge Torres ruled Kalshi failed to show New York's gambling laws are preempted by the Commodity Exchange Act.
The court said Congress preserved state authority to regulate certain gambling-related activities alongside federal oversight.
The ruling moves the case to the motion-to-dismiss stage after rejecting Kalshi's preliminary injunction request.
Kalshi lost its bid for a preliminary injunction after Judge Analisa Torres ruled that New York's gambling laws governing the company's sports-event contracts are not preempted by the Commodity Exchange Act. The decision, issued in the Southern District of New York, allows the case to move toward the motion-to-dismiss stage, according to court filings highlighted by Daniel Wallach and journalist Eleanor Terrett.
Court Rejects Preemption Argument
Judge Torres ruled that Kalshi failed to demonstrate it was likely to succeed on the merits of its claim. The court said gambling regulation has historically fallen under state police powers. Therefore, the ruling applied a presumption against federal preemption in the dispute.
Judge Torres also found that the Commodity Exchange Act does not fully displace state authority. Instead, she wrote that Congress preserved room for states to regulate certain activities covered by federal law.
The ruling pointed to Section 2 of the Commodity Exchange Act. Although it grants the Commodity Futures Trading Commission exclusive jurisdiction in specific areas, it also preserves powers granted to state regulators.
Special Rule Played Key Role
The court also examined the Commodity Exchange Act's Special Rule governing event contracts. Judge Torres said the provision allows the CFTC to prohibit contracts involving unlawful activity or gaming when they conflict with state or federal law.
According to the ruling, that language demonstrates Congress intended state gambling laws to continue operating alongside federal regulation.
The decision also referenced earlier Maryland and Ohio rulings involving Kalshi. Those cases similarly concluded that state gambling laws remain relevant under the federal framework.
Case Moves To Next Stage
Kalshi also argued that complying with New York law would conflict with the CFTC's impartial access requirement. However, Judge Torres rejected that position. She said the requirement prevents discriminatory platform access but does not require exchanges to offer contracts nationwide.
The court further stated that Kalshi could obtain a New York license and create a separate category for state residents without violating federal rules.
According to Eleanor Terrett, the ruling allows the litigation to proceed to the motion-to-dismiss stage after the court declined to block enforcement of New York's gambling laws.
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The SEC is preparing a crypto safe harbor framework covering tokenized securities, DeFi, custody, and on-chain transactions.
Regulators will review proposed exemptions for ICOs, staking rewards, airdrops, and digital asset trading platforms.
The proposal may establish conditions for tokens to exit securities status once their networks become sufficiently decentralized.
The U.S. Securities and Exchange Commission plans to release a proposed crypto safe harbor framework for public comment as early as this month under its 2026 rulemaking agenda. According to SEC Chairman Paul Atkins, the proposal seeks to establish clearer regulatory pathways for tokenized securities, decentralized finance, and other on-chain activities while reducing enforcement uncertainty and maintaining investor protections.
Safe Harbor Proposal Takes Center Stage
According to the SEC, the proposal forms part of its broader effort to modernize financial regulations and support innovation in digital assets.
The agency said it intends to provide exemptions and safe harbors for certain blockchain-based financial activities. Those measures would establish legal pathways for crypto fundraising and other on-chain transactions.
The proposal also aims to address tokenized securities, decentralized finance applications, and digital asset custody. Additionally, the SEC plans to clarify how market participants can facilitate trading and custody while complying with federal regulations.
Chairman Paul Atkins said the agenda reflects efforts to encourage innovation while protecting investors and supporting capital formation.
Rulemaking Targets Key Crypto Activities
The SEC also scheduled an agency meeting this month to discuss several cryptocurrency rule proposals. According to the meeting agenda, regulators will review exemptions covering initial coin offerings, staking rewards, and airdrops.
The agency also plans to examine new requirements for crypto exchanges, broker-dealers, and alternative trading systems. In addition, officials will discuss institutional on-chain custody of digital assets.
The proposal would also establish regulatory conditions for trading tokenized real-world assets. Another item focuses on decentralized finance. Under the proposal, front-end developers would not register as broker-dealers if they do not execute transactions on the platforms they build.
Public Comment Process Follows Draft Release
Following the meeting, the SEC expects to publish draft rules for public comment before adopting final regulations later this year. The agency also plans to discuss how digital tokens could transition out of securities classification once their networks become sufficiently decentralized.
According to Atkins, the rulemaking agenda supports the administration's goal of expanding digital asset activity in the United States while preserving investor safeguards. The meeting also comes as Congress prepares to consider the CLARITY Act later this month.
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XRP and Solana saw inflows despite significant Bitcoin withdrawals, indicating regulated product allocation by institutions, at least in this instance.
Bitcoin ETFs lost $526.64 million while Ethereum posted modest outflows, showing different investor positioning across leading digital assets.
Seven-day ETF data showed sustained outflows before July 2 reversed sentiment with renewed inflows into regulated crypto investment products.
Crypto ETF Flows reflected changing institutional positioning last week as investors reduced Bitcoin and Ethereum exposure while directing fresh capital toward Solana and XRP investment products.
Bitcoin ETFs Lead Weekly Outflows
Cointelegraph reported contrasting movements across major spot cryptocurrency exchange-traded funds. Bitcoin recorded the largest weekly withdrawal among tracked products. Ethereum also finished the week with net outflows.
https://twitter.com/Cointelegraph/status/2073990429863723289?s=20
Spot Bitcoin ETFs lost approximately $526.64 million during the reporting period. Ethereum ETFs recorded smaller withdrawals totaling $13.67 million. The figures reflected different levels of investor activity.
Bitcoin accounted for the overwhelming majority of weekly capital exits. Ethereum experienced comparatively limited selling pressure. The contrast suggested differing portfolio adjustments between both assets.
The weekly distribution showed capital leaving established crypto investment vehicles. However, withdrawals remained concentrated in Bitcoin products. Ethereum displayed relatively stable institutional participation.
Solana and XRP Draw Fresh Capital
The report also noted positive flows into alternative cryptocurrency ETFs. Solana attracted approximately $5.75 million during the week. XRP led inflows with $17.19 million.
Combined inflows into Solana and XRP reached $22.94 million. Those gains remained well below combined Bitcoin and Ethereum outflows. Total ETF flows therefore stayed negative overall.
The weekly figures pointed toward selective capital rotation across regulated crypto products. Investors added exposure beyond Bitcoin and Ethereum. Alternative digital assets attracted measured institutional interest.
Product size also remained an important consideration. Bitcoin ETFs manage substantially larger assets than newer alternatives. Similar percentage reallocations therefore produce much larger dollar movements.
Seven-Day Chart Shows Improving Sentiment
The accompanying seven-day chart presented broader ETF flow trends. Six consecutive sessions recorded net outflows before conditions improved. July 2 delivered the only positive reading.
Source: Coinglass
June 25 marked the weakest trading session displayed. Net outflows reached approximately $738.62 million. That represented the largest daily withdrawal during the observed period.
Selling pressure gradually eased after the sharp June 25 decline. Daily withdrawals became progressively smaller across subsequent sessions. The pattern suggested reduced liquidation intensity before sentiment improved.
July 2 recorded approximately $260 million in net inflows. That recovery interrupted nearly one week of continuous outflows. Although weekly balances remained negative, the rebound showed renewed institutional participation as investors returned to regulated cryptocurrency investment products following sustained capital withdrawals.
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Sberbank aims to launch a crypto wallet and digital depository by December following Russia's expected Sept. 1 crypto law.
The wallet will initially be available through the Sberbank Online and SberInvestments apps after regulatory approval.
Sberbank is also considering offering access to foreign crypto exchanges under Russia's proposed licensing framework.
Russia's largest lender, Sberbank, plans to launch a cryptocurrency wallet and digital custody service by early December after the country's new crypto law is expected to take effect on Sept. 1, according to RBC. The rollout will initially reach users through the Sber and SberInvestments apps, while the bank also weighs becoming an intermediary for trading on foreign crypto exchanges under the final regulatory framework.
Sberbank Prepares Crypto Services
According to RBC, Kirill Tsarev, First Deputy Chairman of Sber's Management Board, said the bank will introduce a crypto wallet shortly after the legislation becomes effective. The wallet will first appear inside Sberbank Online and SberInvestments.
However, Tsarev said final launch dates depend on the publication of the completed legal framework. He also noted that updated Sber applications must become available through app stores. Meanwhile, Android users could receive the redesigned interface earlier.
Alongside the wallet, Sberbank plans to launch a digital depository. The platform will provide cryptocurrency storage and accounting services by Dec. 1.
Law Shapes Market Expansion
The planned launch follows proposed legislation regulating digital currency and digital rights. Previously, Vladimir Chistyukhin, First Deputy Chairman of the Bank of Russia, said the law is expected to take effect on Sept. 1.
The proposal establishes licensed companies that can provide custody, trading, digital-to-fiat exchange, and cross-border crypto settlement services.
Additionally, lawmakers proposed allowing Russians to trade through foreign cryptocurrency exchanges using licensed domestic intermediaries. Tsarev said Sberbank will consider offering that service after reviewing the final regulatory requirements.
Banks Prepare For New Framework
Other financial institutions also outlined crypto plans during the Bank of Russia Financial Congress. Moscow Exchange said it expects to introduce cryptocurrency operations before the end of 2026 after the legislation becomes effective.
Meanwhile, VTB and T-Bank Group announced plans to establish their own digital depositories once the law takes effect. According to the proposed framework, non-qualified investors will access domestic crypto trading after completing required testing and meeting investment limits.
Chistyukhin also said cryptocurrency transactions could begin in November 2026, while a transition period will continue until July 1, 2027. Criminal liability for regulatory violations is expected to begin from mid-2027.
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Bernstein said Bitcoin's 54% correction remains milder than previous bear markets, supporting its $150,000 year-end target.
The firm expects corporate Bitcoin treasuries and U.S. spot ETFs to attract about $10 billion in inflows during 2026.
Bernstein highlighted U.S. regulatory progress and tokenized real-world assets as key long-term Bitcoin market drivers.
Bernstein has maintained its $150,000 year-end Bitcoin target despite the cryptocurrency falling about 54% from its October 2025 peak near $125,000. According to analyst Gautam Chhugani, the correction remains significantly smaller than previous bear markets, while the research firm continues monitoring capital flows and broader market conditions for further recovery signs.
Bernstein Compares Current Cycle With Past Declines
According to Bernstein, Bitcoin's current correction has lasted about three quarters since reaching its October 2025 high. However, previous market downturns typically extended between 12 and 15 months.
The research firm noted that earlier cycles erased between 75% and 90% of Bitcoin's value before reaching a bottom. By comparison, the current decline remains considerably smaller.
Bernstein acknowledged the correction may not have ended. However, the firm said the reduced drawdown reflects structural changes within the Bitcoin market.
Institutional Demand Remains In Focus
The research note also addressed recent concerns surrounding institutional demand. Bernstein estimated corporate Bitcoin treasury companies and U.S. spot Bitcoin ETFs could attract about $10 billion of inflows during 2026.
That figure compares with roughly $60 billion recorded in 2025. However, the analysts argued recent sentiment has focused heavily on approximately $5.5 billion of ETF outflows from an asset base near $74 billion.
According to Bernstein, those withdrawals, combined with Bitcoin's price decline, amplified bearish sentiment despite stronger institutional participation than previous cycles.
The report also highlighted Strategy's purchases during 2026. The company has accumulated about 175,000 BTC, valued at roughly $14 billion, raising its holdings to 847,363 BTC.
Regulation And Tokenization Stay In Focus
Beyond price movements, Bernstein pointed to ongoing regulatory developments in the United States. According to the report, implementation efforts surrounding the GENIUS Act remain an important market development.
The firm also highlighted continued growth in tokenized real-world assets. According to Bernstein, these structural changes carry greater long-term importance than short-term market volatility.
Meanwhile, The Block's Director of News, Frank Chaparro, noted Bernstein considers its $150,000 year-end Bitcoin target ambitious following the recent market correction. Despite that assessment, the firm continues to maintain the forecast while watching for renewed strength in capital flows.
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Ripple obtained full MiCA CASP authorization, allowing regulated crypto payments, custody, and digital asset services across the EEA.
The license complements Ripple's Luxembourg EMI authorization, expanding both electronic money and crypto-asset operations.
Ripple now holds more than 75 regulatory licenses worldwide following its full MiCA authorization in Europe.
Ripple has secured full Crypto Asset Service Provider (CASP) authorization from Luxembourg's Commission de Surveillance du Secteur Financier, allowing regulated crypto services across the 30-country European Economic Area. The approval follows preliminary clearance granted in June 2026 and comes after the European Union's MiCA transition period ended on July 1, confirming Ripple's full compliance with the new regulatory framework.
CASP Approval Expands European Access
According to Ripple, the CASP license allows the company to offer regulated crypto payment services, custody, and related digital asset products throughout the European Economic Area under a single authorization.
The approval complements Ripple's existing Electronic Money Institution license in Luxembourg. Together, the two licenses support electronic money services alongside crypto-asset operations across the region.
Cassie Craddock, Ripple's Managing Director for the United Kingdom and Europe, said the authorization positions the company for the post-transition MiCA framework. She added that financial institutions across Europe continue seeking regulated digital asset providers.
MiCA Rules Enter Full Enforcement
The authorization follows the end of the European Union's MiCA transition period on July 1. Under the framework, crypto firms must obtain authorization or discontinue regulated services within the bloc.
According to the European Securities and Markets Authority, licensed companies can generally passport regulated crypto services throughout the European Economic Area. Meanwhile, national regulators remain responsible for supervising firms within their jurisdictions.
Not every crypto company completed the process before the deadline. Reports stated that some firms are still pursuing authorization through other European member states.
Ripple Expands Global Regulatory Portfolio
Ripple stated that it now holds more than 75 regulatory licenses worldwide following the CASP approval. The company said the new authorization places it among a limited number of digital asset firms with full MiCA authorization.
According to Ripple, its blockchain payments network has processed more than $100 billion across over 60 markets. The company added that its regulated payments infrastructure is now available to financial institutions, businesses, and corporate clients throughout the European Economic Area.
Matthew Osborne, Ripple's policy lead for the United Kingdom and Europe, previously described Luxembourg's regulatory framework as an important part of the company's European operations.
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Strategy sold 3,588 BTC between June 29 and July 5, raising about $216 million to fund Digital Credit dividend payments.
The sale reduced Strategy's Bitcoin holdings to 843,775 BTC while increasing its U.S. dollar reserves to about $2.55 billion.
Strategy reported an $8.32 billion quarterly Bitcoin loss as investors assessed its updated capital management framework.
Strategy sold 3,588 Bitcoin between June 29 and July 5, raising about $216 million to fund dividends tied to its Digital Credit securities, according to Michael Saylor and company filings. The transactions reduced the company's Bitcoin holdings to 843,775 BTC, marking its first major Bitcoin sale after an earlier symbolic disposal of 32 BTC.
Bitcoin Sale Funds Dividend Payments
According to Strategy, the company completed two separate Bitcoin sales during the reporting period. It sold 1,363 BTC between June 29 and June 30 for about $80.8 million. It later sold another 2,225 BTC between July 1 and July 5 for approximately $135.2 million.
Michael Saylor confirmed the proceeds funded dividend payments for STRF, STRE, STRK, and STRD. The company also used the funds to pay June's monthly STRC dividend. Meanwhile, Strategy reported that it made no Bitcoin purchases during the same period.
According to the filing, Strategy also refrained from selling shares through its at-the-market program. In addition, it did not repurchase any shares under its existing buyback programs.
Holdings Decline as Cash Reserves Increase
Following the transactions, Strategy held 843,775 BTC alongside approximately $2.55 billion in U.S. dollar reserves. Company data also showed the sale followed the introduction of its updated capital management framework.
That framework allows Strategy to issue shares or sell Bitcoin whenever needed to maintain sufficient cash for dividend obligations. Earlier reports had indicated concerns after the company's cash reserves declined during May.
Quarterly Filing Details Bitcoin Losses
Strategy also disclosed an $8.32 billion loss on its Bitcoin holdings for the quarter ended June 30. The figure included an $8.31 billion unrealized loss and a realized loss of about $900 million.
The filing stated that the carrying value of its Bitcoin holdings stood at $49.67 billion as of June 30. However, the assets' cost basis exceeded their fair value, requiring a valuation allowance against related deferred tax assets.
Meanwhile, market attention remained focused on the sale. According to Grayscale Head of Research Zach Pandl, the updated financing framework strengthened confidence in Strategy's funding structure. Separately, Santiment reported Bitcoin recovered after briefly falling below $61,500 following news of the sale.
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Zug, Switzerland, July 7th, 2026, Chainwire
Premium virtual assets pioneer BTCS (Middle East) Ltd. is now fully authorized by the Financial Services Regulatory Authority (FSRA) of ADGM, enabling regulated institutional services across the UAE.
Building on its position as Switzerland’s leading crypto financial services provider, Bitcoin Suisse is further accelerating its international expansion. Bitcoin Suisse Group’s subsidiary, BTCS (Middle East) Ltd. (“BTCS ME”) has received Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre of Abu Dhabi, marking another significant step toward the Group’s international growth strategy becoming a leading global wealth management partner.
The FSP marks the completion of a thorough, multi-stage licensing process and enables BTCS ME to deliver a comprehensive suite of regulated digital asset financial services to institutional and professional clients in the United Arab Emirates. Bitcoin Suisse brings more than a decade of experience across multiple digital asset market cycles to the UAE. The Group currently safeguards USD 3.7 billion in crypto assets and ranks as the fourth-largest staking operator globally.
With the FSP, clients benefit from the same foundations that have made Bitcoin Suisse a trusted partner to investors, institutions, and blockchain innovators for more than a decade. Across multiple market cycles, Bitcoin Suisse has built a reputation for resilience, combining a robust, proprietary infrastructure with a service philosophy centered on long-term client relationships.
Institutional and professional clients can access a regulated digital asset financial infrastructure designed for sophisticated needs, including managing and hedging digital asset exposure, in a fully compliant environment, institutional-grade custody, and trading approved virtual assets. All supported by a dedicated relationship manager, ensuring access not only to institutional-grade technology and regulatory clarity, but also to personal attention, continuity, and deep expertise. As the market evolves, BTCS ME is also positioned to support clients in accessing tokenized real-world assets in the future.
By combining regulatory strength, operational depth, and a highly personalized approach to client service, BTCS ME is designed to support clients through the next phase of institutional adoption.
Ceyda Majcen, Chief Executive Officer and SEO of BTCS ME, leads Bitcoin Suisse Group's expansion in the Middle East and brings extensive, long-standing senior leadership experience across the Group.
Receiving the FSP from the FSRA is a major milestone in our international growth strategy. The authorization reflects more than a decade of experience building resilient infrastructure, risk frameworks, and trusted client relationships. We are excited to bring our unique combination of institutional-grade capabilities and highly personalized service to the UAE, one of the world’s most dynamic hubs for digital assets.”
Arvind Ramamurthy, Chief Market Development Officer at ADGM, said “We congratulate Bitcoin Suisse on receiving its FSP from the FSRA. Its expansion into ADGM reinforces the strength and maturity of our digital assets' ecosystem, which continues to attract leading global institutions seeking regulatory clarity, market access and long-term growth opportunities. As Abu Dhabi further strengthens its position as a leading financial hub in the region, ADGM remains committed to enabling innovation within a robust, internationally recognized regulatory environment.”
About Bitcoin Suisse
Bitcoin Suisse is a leading premium digital assets financial services provider. Founded in 2013 by digital asset experts, it provides a cohesive suite of trading, custody, staking and lending services for institutional clients, digital asset foundations, family offices, asset managers and high-net-worth individuals. Bitcoin Suisse is headquartered in Zug with over 200 employees in Switzerland, Liechtenstein, the United Arab Emirates, and Bermuda. www.bitcoinsuisse.com
ContactLukas Mettler
Bitcoin Suisse
l.mettler@bitcoinsuisse.com
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CLARITY Act talks continue as ethics provisions remain the main obstacle before a possible Senate vote later in July.
NOBLE endorsed the Blockchain Regulatory Certainty Act, while MCSA withdrew its opposition and became neutral.
Senate negotiations continue as lawmakers debate ethics rules tied to President Trump's crypto business interests.
Negotiations over the CLARITY Act continued this week after the White House missed its July 4 signing target, leaving ethics provisions as the largest unresolved issue. According to Crypto In America, lawmakers and administration officials remain in discussions while new positions from major law enforcement groups have added another development before Congress returns from recess on July 13.
Law Enforcement Groups Adjust Positions
According to Crypto In America, the National Organization of Black Law Enforcement Executives (NOBLE) endorsed the CLARITY Act and became the first major law enforcement organization to support the Blockchain Regulatory Certainty Act provision.
NOBLE said the measure does not change existing federal criminal authorities used in investigations, including laws covering money laundering and unlicensed money transmission.
Meanwhile, the Major County Sheriffs of America (MCSA) withdrew its earlier opposition and adopted a neutral position. The organization said recent discussions with administration officials created opportunities to strengthen the legislation while supporting state and local law enforcement.
However, some industry participants expressed concern that negotiations could alter the Blockchain Regulatory Certainty Act language to secure broader law enforcement support.
Ethics Debate Remains Unresolved
Attention has also remained on ethics provisions following President Donald Trump's financial disclosure. The filing reported more than $1 billion in crypto-related income during the past year, including over $600 million tied to the TRUMP memecoin.
Senator Kirsten Gillibrand renewed her proposal to prohibit the president, members of Congress, and their spouses from issuing or sponsoring digital assets.
BitGo Chief Executive Officer Mike Belshe responded that ethics rules should apply across all asset classes rather than focus only on cryptocurrencies.
Senate Talks Continue During Recess
Meanwhile, Senators Ruben Gallego and Angela Alsobrooks maintained their calls for stronger ethics provisions before supporting the legislation on the Senate floor.
Gallego said he would continue efforts targeting President Trump's crypto business activities. Alsobrooks also said an ethics agreement remains necessary before further Senate action.
According to Crypto In America, negotiations will continue while Congress remains in recess. If lawmakers resolve the remaining issues, Senate leadership could bring the CLARITY Act to the floor during the week of July 20.
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