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Senate Democrats Push Back on New CLARITY Act Draft
Senate Democrats said the revised CLARITY Act still lacks stronger ethics, consumer protection, and enforcement measures. The draft keeps self-custody protections, BRCA provisions, and stablecoin rules that prohibit interest on idle balances. New provisions expand crypto crime enforcement, bankruptcy protections, and compliance rules for stablecoin issuers. Senate Democrats have raised new objections to the updated CLARITY Act, complicating the bill's path to the 60 votes needed for passage. According to journalist Eleanor Terrett, Republican senators released revised legislative text after stakeholder briefings, while Democratic senators said several sections still require stronger protections. The statement came after Republicans shared the latest draft, although no date was specified. Democrats Target Ethics And Enforcement According to Eleanor Terrett, Senators Angela Alsobrooks, Cory Booker, Catherine Cortez Masto, Ruben Gallego, John Hickenlooper, Mark Warner, and Raphael Warnock opposed the current proposal. The senators said ethics, consumer protection, illicit finance, conflicts of interest, and market integrity provisions remain insufficient. They added that negotiations with Republican lawmakers have continued for the past year. However, they said more work remains before the legislation reaches the Senate floor. Meanwhile, Terrett reported that the updated ethics package resulted from negotiations between the White House, Senator Cynthia Lummis, and Senator Bernie Moreno. Democrats have not approved that section. The proposal would ban the president, vice president, members of Congress, federal judges, and other covered officials from issuing sponsored digital assets for compensation until January 20, 2029. It also requires covered officials to sell crypto holdings, place them in blind trusts, or do both. Additionally, the proposal gives the Department of Justice civil enforcement authority over ethics violations. However, Democrats oppose excluding state attorneys general from that enforcement process, according to Terrett. BRCA And Stablecoin Rules Remain Unchanged Several major sections remained unchanged from the version approved by the Senate Banking Committee in May. According to Terrett, the Blockchain Regulatory Certainty Act still protects non-custodial software developers and blockchain infrastructure providers from money transmitter classification. The Lummis-Grassley amendment also remains. It preserves federal criminal liability for anyone who knowingly facilitates illicit transactions. Meanwhile, the Keep Your Coins Act continues protecting individual self-custody rights. The stablecoin yield language also remains unchanged. Companies cannot pay interest on idle payment stablecoin balances. However, they may offer activity-based rewards that are not equivalent to bank deposit interest. Law Enforcement And Bankruptcy Protections Expanded The revised bill also introduces a dedicated law enforcement section. It increases funding for state and local crypto investigations and blockchain analytics tools. Additionally, it creates new training programs for investigators and prosecutors. It also establishes a cyber center targeting threats from nation-state actors, including North Korea and Iran. Furthermore, the bill creates a public-private task force to combat crypto fraud. Stablecoin issuers must also comply with lawful orders involving token freezes, seizures, burns, and reissuance. Finally, the legislation outlines bankruptcy protections for customer digital assets. According to Terrett, those assets would remain customer property instead of becoming part of a bankrupt company's estate. The post Senate Democrats Push Back on New CLARITY Act Draft appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Grayscale Head of Research Zach Pandl Says Bitcoin Bottom Depends on Fed Policy
Grayscale's four-year cycle model suggests Bitcoin could reach its market bottom in September or October, with milder losses than past cycles. Zach Pandl said Bitcoin may have already bottomed if the Federal Reserve keeps rates unchanged and economic growth remains stable. Grayscale said Strategy's larger cash reserve eases financing concerns, though Fed hikes and CLARITY Act delays remain downside risks. Bitcoin could avoid another sharp decline if the Federal Reserve keeps interest rates unchanged, according to Grayscale Head of Research Zach Pandl. However, the asset manager said its traditional four-year cycle model still points to a possible market bottom in September or October. Grayscale outlined both views in its latest research while assessing Bitcoin's recent decline from its $125,000 cycle peak. Four-Year Cycle And Macro Views Diverge According to Grayscale, Bitcoin investors remain divided between two market frameworks. One follows the historical four-year cycle tied to Bitcoin halving events. The other focuses on macroeconomic conditions, including economic growth and real interest rates. The cycle model suggests Bitcoin typically reaches its lowest point about one year after a market peak. It also places the bottom roughly two and a half years after each halving. Notably, previous bear markets recorded average drawdowns of about 80%. Based on that history, Grayscale said Bitcoin could still decline before reaching a low in September or October. However, the firm said it does not expect losses to match earlier cycles because institutional participation has increased. Fed Policy Remains The Key Focus Pandl said Bitcoin has increasingly traded like a mature financial asset instead of following halving cycles alone. According to him, previous downturns often coincided with slowing economic growth or rising real interest rates. The current decline has also unfolded alongside changing Federal Reserve policy expectations. Therefore, Grayscale believes Bitcoin may have already reached its bottom if economic growth remains stable and the Fed avoids further rate increases. However, Pandl said additional rate hikes driven by persistent inflation could extend the downturn. Grayscale also identified progress on the CLARITY Act as another factor affecting the market outlook. Strategy Sale Reduced Financing Concerns Grayscale also revisited Strategy's recent treasury actions while discussing Bitcoin's market structure. On July 6, the firm examined Strategy's sale of 3,588 Bitcoin for about $216 million. Strategy used the proceeds to meet preferred-share dividend obligations and increase its dollar reserve to about $2.55 billion. The firm said that balance could cover nearly 17 months of dividend payments. Grayscale added that the stronger cash position reduced concerns about emergency funding or additional Bitcoin sales during periods of market volatility. However, Pandl said downside risks remain if the CLARITY Act stalls, treasury companies continue deleveraging, or the Federal Reserve resumes raising interest rates. The post Grayscale Head of Research Zach Pandl Says Bitcoin Bottom Depends on Fed Policy appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Solana Outlook Strengthens as Staking Plans Advance
Solana Outlook remains constructive as buyers defend higher lows while price compresses beneath resistance, preserving bullish market structure. Grayscale plans quarterly staking reward distributions, adding potential income alongside Ethereum and Solana investment exposure for shareholders. Rising trading activity and sustained technical strength keep focus on Solana's breakout potential and institutional investment developments. Solana Outlook remains in focus as technical strength combines with planned institutional staking distributions, drawing attention to evolving market structure and broader digital asset investment products. Bullish Structure Keeps Solana Momentum Intact Crypto With Gopal shared a technical update featuring Solana's rising wedge formation. The post followed an earlier bullish reversal and sustained upward movement. Buyers continue defending higher lows throughout the ongoing consolidation. Source: X The chart shows repeated support tests succeeding beneath overhead resistance. Every pullback remains shallow despite several challenges near the wedge ceiling. That behavior preserves the prevailing bullish market structure. Price advanced steadily after completing a right shoulder reversal pattern. The subsequent rally established stronger short-term market control for buyers. Consolidation followed without erasing those earlier gains. Market data supports that constructive picture. Solana as of writing trades at $78.34, gaining 2.55% during the latest twenty-four hours. Trading volume also increased more than 25%, indicating stronger market participation. Institutional Products Add Fresh Market Attention Crypto Fortress later reported Grayscale's planned trust amendments involving Ethereum and Solana. The proposal converts staking rewards into quarterly shareholder cash distributions. Those amendments are expected around August 7. Unlike traditional cryptocurrency trusts, staking rewards would reach shareholders directly. Investors could receive periodic cash distributions alongside underlying asset exposure. That structure introduces another return component beyond price appreciation. Ethereum and Solana employ proof-of-stake consensus protocols. Their networks naturally generate staking rewards through validator participation. Grayscale intends distributing those rewards instead of retaining them within trust structures. The announcement expands institutional interest surrounding proof-of-stake investment products. Quarterly distributions resemble familiar income-oriented financial instruments. That familiarity may broaden participation among conventional market investors. Technical Signals Meet Expanding Institutional Interest The technical setup remains centered around wedge resistance. Buyers continue absorbing selling pressure without surrendering higher support levels. Repeated resistance tests often accompany periods of price compression. Crypto With Gopal's chart also outlines alternative technical scenarios. A breakout projects another advance toward higher resistance objectives. Losing ascending support shifts attention toward the lower projected target. Meanwhile, expanding trading activity complements the constructive technical backdrop. Higher participation frequently strengthens breakout attempts when resistance eventually gives way. Confirmation, however, still depends upon sustained follow-through beyond current boundaries. Together, both developments present closely connected market narratives. Technical strength supports continued buyer confidence during consolidation. Simultaneously, Grayscale's planned staking distributions introduce another institutional development surrounding Solana and Ethereum investment products. The post Solana Outlook Strengthens as Staking Plans Advance appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
GTN and Payward partner to expand global capital market access through xStocks
The partnership marks the next phase of xStocks, expanding the tokenised equities framework beyond U.S. stocks and ETFs to include equities from international markets and, over time, other asset classes. Subject to the required licences, it also plans to bring tokenised assets to GTN's institutional network DUBAI, UAE and ST. HELIER, Jersey, July 23, 2026 /PRNewswire/ -- GTN, the fintech powering limitless investment, and Payward, the developer of the xStocks tokenised equities framework and parent company of Kraken, have partnered to enhance and accelerate the global expansion of the xStocks offering. The partnership unlocks a pathway for xStocks to significantly scale the range of equities it tokenises, beginning by tokenising equities listed in Hong Kong, before expanding to tokenise UK-listed assets, European assets, South Korean assets, and more, delivering an unrivalled breadth of international market access that no other tokenised framework offers today. It also opens the opportunity to expand xStocks beyond tokenised equities for the first time, broadening the framework to new tokenised asset classes. For individual holders, it means tokenised assets from markets across the world and multiple asset classes can sit side-by-side in one portfolio, held onchain, tradeable 24/7, and portable across the 100+ exchanges, wallets, and DeFi applications where xStocks already trade. GTN provides the global execution and custody for the traditional assets underlying xStocks' expansion. Spanning a broad range of asset classes across 90+ markets through a single integration, GTN is the partner making the next phase of xStocks possible, providing a route to scale its tokenised offering beyond U.S. equities to equities listed in international markets and, over time, new asset classes, each subject to regulatory approvals. Tokenisation's promise has always been to make the world's markets accessible to more people from a single place, and this partnership is a key step toward that goal. Under the agreement, GTN provides infrastructure to support the ledgering and record-keeping of tokenised products, helping token issuers account for the underlying assets. Subject to GTN obtaining the required licences in each market, GTN would also make a range of xStocks available to its institutional clients alongside its existing offering. Because GTN reaches a range of asset classes across 90+ markets, the partnership also creates pathways for the xStocks ecosystem to diversify the assets it lists to the hundreds of centralised exchanges, self-custody wallets, and DeFi protocols where it already trades. "For decades, we've accepted that capital markets should be fragmented by country, currency, and market hours," said Mark Greenberg, Global Head of Payward Services. "That's a legacy financial infrastructure problem. The biggest asset class that hasn't been tokenized yet is the rest of the world, and our partnership with GTN is about changing that. One asset at a time, we're bringing truly global capital markets onchain until geography becomes irrelevant to investing." "Financial institutions want to move into new asset classes and markets without rebuilding their technology. Our infrastructure lets partners like Payward launch quickly across 90+ markets and a full range of instruments, and it includes the sub-accounting technology Kraken needs to offer tokenised products. We are delighted that Payward has selected GTN as a global product expansion partner," said Ankit Shah, Global Head of FinTech, GTN. xStocks launched a year ago with tokenised U.S. stocks and ETFs, backed 1:1 by the underlying assets. It has since grown and broadened to more than 500 tokenised assets spanning equities, ETFs, and IPOs, the widest range offered by any tokenised equities framework, and now power over $35 billion dollars in transaction volume across multiple blockchain ecosystems, and has amassed nearly 200,000 holders across the world. The GTN partnership marks the start of its next phase, extending that framework beyond U.S. capital markets for investors around the world. The partnership is already live, with tokenised distribution to GTN's institutional clients to follow once the required licences are in place. By combining GTN's regulated infrastructure with Payward's platform, the two companies aim to make a wider range of assets and markets accessible to institutions worldwide, and will share details on enhanced offerings in the coming weeks. About Payward Payward, Inc. is a unified financial infrastructure platform that powers a family of products advancing an open, global financial system. Built on a single shared architecture, Payward enables customers to hold, trade, earn, pay, and invest across asset classes without friction or fragmentation. At its core, Payward provides the infrastructure layer behind Kraken and a growing set of purpose-built products, including NinjaTrader, Breakout, xStocks, and CF Benchmarks. Payward separates infrastructure from product expression. Each product surface is designed for a specific customer segment, regulatory regime, and use case, while operating on the same global foundation: One global liquidity pool One unified risk and margin engine One collateral and settlement system One compliance and licensing framework This shared architecture allows Payward to scale efficiently, launch new products at low marginal cost, and serve diverse global markets while maintaining consistent risk management, regulatory integrity, and operational resilience. For more information about Payward, please visit www.payward.com. About xStocks xStocks is the industry benchmark for tokenized equities, bringing publicly listed U.S. stocks and ETFs onchain through fully collateralized, 1:1-backed tokens. Powered by Payward's digital asset infrastructure, xStocks provides exposure to traditional equities on blockchain infrastructure, expanding access to U.S. capital markets with extended availability, global reach, and seamless digital-native settlement. Designed for interoperability, xStocks move seamlessly between centralized exchanges, self-custodied wallets, and onchain applications, unlocking new utility across trading, collateralization, and decentralized finance. Since launching in June 2025, xStocks is powering billions of dollars in transaction volume across multiple blockchain ecosystems and anchors a rapidly expanding global network shaping the future of tokenized markets. For more information, visit https://xstocks.fi. About GTN GTN is the global fintech infrastructure powering limitless investment through a unified API-first architecture. By combining cloud-native technology with deep institutional expertise, GTN provides brokers, banks, asset managers, and fintechs with brokerage infrastructure spanning 90+ markets and 8 asset classes through a single API, enabling partners to create the next generation of investing and trading experiences. From fractional trading and micro-portfolios, including $1 fractional bonds, to full-service brokerage, GTN automates the investment lifecycle from digital onboarding to post-trade settlement. As a single counterparty, GTN reduces technical and regulatory burdens, enabling investment banks, brokerage firms, and wealth management firms to scale without having to build technology from scratch. With over 600 professionals across 14 countries, and serving 500+ clients globally, we're united by one mission: transforming the accessibility of investment and trading opportunities for all. Regulated across six jurisdictions (FCA, DFSA, MAS, FINRA, FSCA, SFC), GTN is backed by strategic investors including IFC (World Bank Group) and SBI Ventures Singapore. Learn more at www.gtngroup.com or follow us on LinkedIn. Important information This announcement is for informational purposes only. It is not investment, legal or tax advice, and it is not an offer or solicitation to buy or sell any security, token or other financial instrument. xStocks are issued by Backed Assets (JE) Limited (a Jersey private limited company) and offered to eligible Kraken customers via Payward Digital Solutions Ltd. ("PDSL"), a company licensed to conduct digital asset business by the Bermuda Monetary Authority, and to eligible EU customers via Payward Europe Digital Solutions Ltd., a company authorised and regulated by the Cyprus Securities and Exchange Commission. xStocks are not offered or available in the United States or to U.S. persons, and other geographic restrictions apply. xStocks are not, nor will they be registered with any local securities regulators. The availability of products and services varies by jurisdiction and is subject to local regulatory requirements and approvals. GTN's provision of any services described is subject to GTN obtaining the relevant regulatory licences in each market. Tokenised and cryptoasset products carry significant risk, including the risk of total loss, may be unregulated, and may not be covered by statutory compensation schemes; the value of investments can go down as well as up. Read Kraken's xStocks Risk Disclosure at kraken.com/legal/xstocks as well as the Base Prospectus and related Final Terms for xStocks at https://assets.backed.fi/legal-documentation to learn more. This announcement contains forward-looking statements that reflect current expectations and are subject to change, including as a result of regulatory, market and technological developments. GTN and Payward undertake no obligation to update them. SOURCE GTN 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. The post GTN and Payward partner to expand global capital market access through xStocks appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Adam Weitsman Backs Unserious in their Acquisition of Creepz and Psychrome homecoming
Miami, United States, July 22nd, 2026, Chainwire Unserious today announced the acquisition of Creepz, one of the most recognizable NFT collections of the 2021-22 cycle. Backed by entrepreneur and investor Adam Weitsman, and with the support of the original founders, the deal places the lizard cult brand under a powerhouse new team. Most importantly, the acquisition marks a homecoming for Psychrome - the original mastermind and creative genius behind the Creepz lore. Returning to lead IP development, he also brings a resume as a globally exhibited artist whose commercial collaborations span Nike, Salomon, Sneaker Con, Staple, Disney, Warner Bros., and Rovio. Beyond this foundational creative leadership, the Unserious team brings deep operating experience with a track record spanning consumer brands, entertainment, and enterprise tech, alongside crypto's largest token launches - including the historic ApeCoin. Unserious also took the opportunity to formally deny the existence of lizard people, their alleged evil activities, and any plans for $CREEPZ world domination. About Unserious Unserious is reimagining the future of decentralized brands. ContactAcquirer Unserious Unserious contact@unserious.inc 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. The post Adam Weitsman Backs Unserious in their Acquisition of Creepz and Psychrome homecoming appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
PUMP enters its first insider vesting phase after a one-year cliff, adding fresh supply through a structured 36-month linear release schedule. Funding rates stayed mostly positive despite prolonged weakness, showing leveraged traders maintained bullish positioning during the extended correction. Investors continue tracking vesting releases, derivatives activity, and liquidity as new PUMP supply gradually reaches the circulating market. The PUMP Unlock Schedule has entered a closely watched phase as insider vesting begins after a one-year cliff. Market participants are monitoring supply expansion alongside derivatives positioning and recent price stabilization. Insider Vesting Enters Its Next Phase Ali Charts shared a post focusing on the first major insider unlock for PUMP. The update noted approximately 82.5 billion tokens became eligible through scheduled vesting. The release followed the completion of a one-year cliff. https://twitter.com/alicharts/status/2079434696019361951?s=20 The accompanying vesting chart separates allocations across multiple stakeholder categories. Foundation, Ecosystem Fund, Liquidity and Exchanges unlocked completely during the Token Generation Event. Livestreaming and the Initial Coin Offering followed the same immediate distribution model. Attention now shifts toward Existing Investors and Team allocations. Those holdings remained locked throughout the project's first year. Their vesting now progresses through structured monthly linear releases lasting thirty-six months. According to the schedule, Existing Investors begin releasing approximately 32.5 billion tokens. Team allocations introduce another 50 billion tokens through the same mechanism. Combined, these represent the 82.5 billion tokens referenced within the update. Funding Data Tracks Market Positioning A OI-weighted funding chart compares PUMP price performance with the OI-weighted funding rate. The data spans from early January through mid-July. It combines derivatives positioning alongside spot market behavior. Price initially rallied sharply before entering a prolonged corrective trend. Lower highs and lower lows remained visible for several months. More recently, recovery attempts lifted PUMP to around $0.0020 after earlier weakness. Funding rates remained predominantly positive during much of the observed period. Green histogram bars appeared more frequently than negative readings. This indicated long-position holders generally paid funding throughout the decline. Short-lived negative funding periods appeared during stronger selling episodes. Those intervals emerged around late March, late April, early June, and isolated sessions afterward. Positive funding quickly returned following those temporary bearish shifts. Supply Expansion Meets Market Liquidity Ali Charts stated the unlock size should be evaluated alongside circulating supply. Average daily trading volume also remains an important consideration. These metrics help explain how additional supply enters existing market liquidity. The update reported insider holdings became tradable after their scheduled lockup expired. The release follows the project's predetermined tokenomics rather than an unexpected event. Future monthly distributions continue under the published vesting framework. The Community and Ecosystem allocation follows a different release schedule. That category has vested gradually through a forty-eight-month linear structure. Meanwhile, several other allocations completed their distributions during the Token Generation Event. The vesting schedule extends through July 2029 under its planned timeline. Derivatives positioning continues providing additional insight into trader sentiment. Together, both datasets present the scheduled supply transition and evolving market participation surrounding the PUMP ecosystem. The post PUMP Unlock Schedule Puts Token Supply in Focus appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Galaxy launched a $5 million Bitcoin Quantum Readiness Initiative to strengthen Bitcoin against future quantum threats. The program funds post-quantum research, wallet migration tools, security audits, and developer grants. Galaxy formed a Quantum Advisory Council to advance research and prepare Bitcoin for future cryptographic challenges. Galaxy has launched the Bitcoin Quantum Readiness Initiative, committing up to $5 million to help developers prepare Bitcoin for future quantum computing risks. The program introduces developer grants, a research effort, and a Quantum Advisory Council as the company seeks to strengthen Bitcoin's cryptographic security before quantum computers become capable of threatening current encryption methods. https://twitter.com/galaxyhq/status/2079539753502830844?s=20 Initiative Targets Future Cryptography Risks According to Galaxy, Bitcoin currently relies on elliptic curve cryptography, which sufficiently powerful quantum computers could eventually break. Although such machines do not exist today, the company said preparation must begin early because Bitcoin protocol upgrades require years of coordination. Mike Novogratz, Galaxy's founder and chief executive officer, said the initiative reflects the firm's commitment to supporting research and development that strengthens Bitcoin's long-term security. The company also noted that the National Institute of Standards and Technology finalized its first post-quantum cryptography standards in 2024. Meanwhile, a recent executive order established a 2031 deadline for federal agencies to strengthen defenses against quantum attacks. Grants And Research Form Core Program Galaxy structured the initiative around three areas. First, it will provide up to $5 million in grants supporting post-quantum signature schemes, wallet migration tools, implementation reviews, and security audits. Second, Galaxy Research will publish ongoing analysis covering quantum computing risks and Bitcoin's preparedness. According to Alex Thorn, Galaxy's Head of Firmwide Research, the goal is to help investors, policymakers, and developers better understand emerging challenges. Third, Galaxy created a Quantum Advisory Council. The inaugural members include Barry Sanders of the University of Calgary, Damien Bérubé, and Eran Tromer of Boston University. Industry Collaboration Takes Priority According to Galaxy, CryptoQuant research estimates that about 6.9 million Bitcoin could become vulnerable if quantum computers eventually defeat existing cryptographic protections. At current prices, those holdings would total roughly $461 billion. The company said developers have only begun addressing post-quantum migration despite the complexity involved. Consequently, Galaxy invited universities, companies, institutions, and Bitcoin stakeholders to contribute research and funding alongside its initiative. Barry Sanders said governments and industries continue preparing for quantum computing advances. He added that Bitcoin should also prepare through coordinated research and technical development. The post Galaxy Launches $5M Bitcoin Quantum Readiness Initiative to Strengthen Crypto Security appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
SharpLink CEO Joseph Chalom Sees Ethereum Institutional Growth Ahead
SharpLink CEO Joseph Chalom says Ethereum's institutional adoption is advancing through tokenization and blockchain deployment. Chalom says Ethereum leads stablecoins, tokenized assets, and decentralized finance with strong security and liquidity. Financial institutions are expanding tokenization, with banks and asset managers moving blockchain projects into production. SharpLink Chief Executive Officer Joseph Chalom said institutional adoption of Ethereum has entered a new phase, pointing to growing activity across tokenization, stablecoins, and decentralized finance. Speaking on Strata Media's Talking Tokens podcast during the Injective Summit in Washington, D.C., last week, Chalom told journalist Jacquelyn Melinek that institutions have moved beyond research and into deployment. Chalom Points To Ethereum's Market Position According to Jacquelyn Melinek, Chalom said Ethereum already leads several areas important to institutional investors. He cited stablecoins, tokenized assets, and decentralized finance, where Ethereum holds more than half of the market. Chalom said Ethereum offers the security, trust, and liquidity institutions seek. However, he added the ecosystem lacked a unified approach to explain those strengths to institutional participants. Following restructuring efforts at the Ethereum Foundation, Chalom joined Joe Lubin of Consensys and Tom Lee of Bitmine to support three new organizations. According to Chalom, ETH Systems will develop privacy tools, ETH Labs will focus on scaling infrastructure, and Ethereum Institutional will help organizations build and launch blockchain products. Tokenization Activity Continues Expanding As institutional participation grows, Chalom said the market has shifted from creating new blockchain products to tokenizing existing financial products. According to Melinek, he described that transition as a major change for the industry. Several financial institutions have already expanded tokenization efforts. Robinhood built its blockchain using Arbitrum technology, an Ethereum Layer-2 network. Meanwhile, BlackRock continues tokenizing its USD Institutional Digital Liquidity Fund on Ethereum and other blockchains. The company has also submitted filings for two additional products. JPMorgan also expanded its blockchain offerings. According to Melinek, the bank launched its second tokenized money market fund on Ethereum in May, bringing roughly $800 million on-chain across both funds. Institutions Move Into Production Chalom said private discussions increasingly reflect institutional urgency around blockchain adoption. According to Melinek, banks are tokenizing deposits, while asset managers and fund managers continue reassessing deployment timelines. He also said institutions have moved beyond education and are building dedicated teams. Chalom compared Ethereum's institutional adoption to the gradual digitization of equity markets, adding that the process remains in its early stages. The post SharpLink CEO Joseph Chalom Sees Ethereum Institutional Growth Ahead appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Korean Banks and Tech Firms Expand Digital Asset Projects Despite Regulatory Delays
Korean banks and technology firms continue expanding digital asset projects despite delayed cryptocurrency regulations. Institutions are advancing stablecoin pilots, blockchain settlement networks, and cross-border payment infrastructure. Firms are preparing tokenized securities and treasury systems ahead of South Korea's 2027 regulatory framework. Major Korean banks, corporations, exchanges, and technology companies have continued expanding digital asset infrastructure despite repeated delays to the Korean Digital Asset Basic Act. According to SungMo Park at a16z crypto, institutions are advancing pilots, partnerships, and settlement networks before final regulations define stablecoin issuance and crypto exchange ownership structures. Firms Move While Rules Remain Pending According to SungMo Park, Korea's regulatory debate continues between the Bank of Korea and the Financial Services Commission. The Bank of Korea supports bank-led stablecoin issuance, while the Financial Services Commission favors a broader framework. Despite that uncertainty, several companies have continued building digital asset infrastructure. Naver announced a $10.3 billion agreement to acquire the operator of Korea's largest crypto exchange, although regulatory uncertainty has delayed the transaction. Meanwhile, KB Financial completed a pilot involving a won-backed stablecoin. According to SungMo Park, the trial included issuance, merchant payments through QR codes in Seoul, and cross-border remittances to Vietnam completed within minutes. Banks And Corporations Expand Digital Asset Projects As activity continued, more institutions launched blockchain initiatives. Hyundai Motors demonstrated stablecoin use for treasury operations across global subsidiaries. Kakao has also assembled a banking consortium around a won-backed token. Meanwhile, Toss is testing a similar product across its user network. According to SungMo Park, Hana's $670 million investment and Samsung's $408 million investment placed both companies inside Upbit, Korea's largest cryptocurrency exchange. These investments occurred before lawmakers finalized the digital asset framework. Focus Turns To Cross-Border Infrastructure According to SungMo Park, institutions are increasingly prioritizing interoperability between domestic payment networks and global stablecoin systems. Banks are preparing settlement and remittance infrastructure connecting local won instruments with dollar-based stablecoins. Capital markets firms are also preparing tokenized securities infrastructure before amendments to the Capital Markets Act take effect in 2027. Meanwhile, corporate treasury teams are evaluating stablecoins for international treasury management and cross-border payments. SungMo Park added that Korea's approach combines domestic won-based infrastructure with access to global dollar liquidity. He also identified settlement, issuance, custody, distribution, and cross-border treasury as the main strategic roles institutions continue evaluating while regulatory discussions remain underway. The post Korean Banks and Tech Firms Expand Digital Asset Projects Despite Regulatory Delays appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
The Digital Chamber Sues Illinois Over Digital Asset Tax Act Ahead of 2027 Rollout
The Digital Chamber sued Illinois, challenging the Digital Asset Tax Act before its January 1, 2027 effective date. The lawsuit argues the 0.2% tax unfairly treats blockchain transactions differently from traditional financial activity. The case seeks to halt enforcement, citing compliance costs and broader impacts on AI and cloud-based applications. The Digital Chamber filed a lawsuit in Sangamon County, Illinois, challenging the state's Digital Asset Tax Act before its January 1, 2027 effective date. According to journalist Eleanor Terrett, the trade association seeks to block what it describes as the nation's first state tax targeting crypto business activity, arguing the measure unfairly treats blockchain transactions differently from comparable traditional financial transactions. Lawsuit Challenges Tax Provision According to The Digital Chamber, the lawsuit asks the court to stop enforcement of the Digital Asset Tax Act included in Illinois' recent state budget. The organization said the tax provision entered the budget shortly before the final vote. The complaint states that members already face compliance costs before the law takes effect in January 2027. It also argues that individuals should not receive different tax treatment based on how they record or transfer ownership. According to Eleanor Terrett, the complaint challenges a 0.2% tax on certain digital asset business activity. The lawsuit argues the measure applies different tax treatment to blockchain-based transactions than comparable activity conducted through traditional financial systems. Industry Group Raises Fairness Concerns The Digital Chamber said the tax applies regardless of whether an investor realizes any gain. It also stated that the measure could apply even when ownership does not change. Additionally, the organization said the provision extends beyond cryptocurrency transactions. According to the lawsuit, the language could affect other technology transactions, including certain artificial intelligence and cloud-based applications. Cody Carbone, Chief Executive Officer of The Digital Chamber, said the organization asked the court to protect consumers and its members from what it described as an unfair tax. He also said lawmakers inserted the provision into legislation the night before final consideration. Filing Marks First Legal Challenge According to Eleanor Terrett, The Digital Chamber became the first trade association to file suit against the Illinois Digital Asset Tax Act. The case seeks to prevent the law from taking effect on January 1, 2027. The organization also stated that taxes should undergo careful review before lawmakers approve them. Meanwhile, the lawsuit asks the Sangamon County court to halt the tax provision while the legal challenge proceeds. The post The Digital Chamber Sues Illinois Over Digital Asset Tax Act Ahead of 2027 Rollout appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Franklin Templeton Says Agentic AI Could Accelerate Blockchain and Crypto Adoption
Franklin Templeton says agentic AI could accelerate blockchain adoption through autonomous machine-to-machine payments. AI agents may rely on cryptocurrencies for blockchain transactions, automated settlements, and decentralized identity. Growing AI-driven blockchain activity could expand Web3 adoption, ecosystem funding, and demand for network tokens. Franklin Templeton published a report by Sandy Kaul, Head of Digital Assets and Innovation, outlining how agentic AI could increase blockchain and cryptocurrency adoption. The report, released after AI's rapid expansion and citing data through July 14, 2026, argues that autonomous AI systems require blockchain infrastructure for machine-to-machine payments, identity verification, and transaction settlement. Agentic AI Shifts Toward Autonomous Transactions According to Franklin Templeton, artificial intelligence has progressed from machine learning to generative AI, with agentic AI becoming the next stage. Unlike conversational systems, agentic AI can plan, execute, and complete tasks without continuous human supervision. The report cited forecasts showing that 38% of organizations expect AI agents to work alongside employees by 2028. It also estimated that agentic commerce could reach between $3 trillion and $5 trillion by 2030. As AI handles more transactions, payment systems have started adapting. According to Franklin Templeton, Stripe and Visa introduced the Machine Payments Protocol, while Coinbase transferred its x402 payment protocol to the Linux Foundation as an open standard. The report added that companies including Shopify, Google, Amazon Web Services, and payment providers have adopted the standard to support software-driven payments. Blockchain Supports Machine Payments According to Sandy Kaul, blockchain networks provide features needed for autonomous AI transactions. These include smart contract execution, decentralized identity verification, transparent record keeping, and distributed computing resources. The report also compared blockchain settlement with traditional payment systems. It noted that newer networks such as Aptos, Solana, and BNB Chain process thousands of transactions per second, while blockchain networks also settle transactions during processing. Meanwhile, Franklin Templeton said legacy payment systems remain less suitable for low-value AI micropayments because of transaction fees. Report Highlights Crypto's Role The report stated that AI agents would need native cryptocurrencies to record transactions on blockchain networks. Consequently, growing machine-to-machine activity could increase demand for network tokens used to process payments. According to Franklin Templeton, higher transaction activity could also expand blockchain treasuries, supporting developer grants, security programs, and ecosystem growth. The report further stated that blockchain applications could gain wider adoption as AI agents manage payments automatically, allowing users to access Web3 services without directly handling cryptocurrencies or digital wallets. The post Franklin Templeton Says Agentic AI Could Accelerate Blockchain and Crypto Adoption appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Senate CLARITY Act Talks Continue as Ethics Provisions Remain Key Sticking Point
Ethics provisions remain the primary obstacle as bipartisan senators negotiate final CLARITY Act language. Lawmakers and the White House continue working toward a compromise needed to secure 60 Senate votes. DeFi provisions are also under discussion, but ethics language remains the central focus of negotiations. Bipartisan Senate negotiations on the CLARITY Act continued on Capitol Hill on Tuesday, with ethics provisions remaining the biggest unresolved issue. According to journalist Eleanor Terrett, lawmakers also discussed decentralized finance provisions, although ethics language dominated the talks. Negotiators from both parties and the White House continued working toward compromise language needed to secure broader Senate support. https://twitter.com/EleanorTerrett/status/2079593411837845827?s=20 Ethics Language Remains Central Issue According to Eleanor Terrett, bipartisan discussions focused primarily on ethics provisions, while negotiators also reviewed DeFi-related language. However, ethics remained the main obstacle during Tuesday's meetings on Capitol Hill. Terrett reported that Senator Thom Tillis is leading Republican negotiations on the ethics text. Meanwhile, Senator Cynthia Lummis' office said last week's discussions with the White House were productive. A spokesperson for Lummis said the upcoming ethics proposal will reflect those conversations. However, the office did not provide details about the compromise language under development. According to Axios, Senators Bernie Moreno and Cynthia Lummis continue working with the White House on revised ethics provisions. The report said negotiators have made progress, although the updated language has not been released. Progressive Groups Target Gillibrand As negotiations continued, Axios reported that several progressive organizations increased pressure on Senator Kirsten Gillibrand. The groups sent a letter to every Democratic Senate office on Tuesday evening. Indivisible, Demand Progress, and the Revolving Door Project argued that Gillibrand's role in the negotiations complicates Democratic criticism of President Donald Trump's crypto activities. They also pointed to her son's involvement in the crypto industry. Gillibrand previously called for elected officials and their spouses to avoid issuing or sponsoring digital assets. In a June statement, she said public officials and their spouses should not issue memecoins. Senate Vote Count Still Under Focus According to Axios, both parties view the ethics language as the final major barrier to securing the 60 Senate votes required. Republicans, the White House, and the crypto industry continue treating passage of the CLARITY Act as a priority. The report also noted that Fairshake currently holds about $125 million for political spending. Meanwhile, Republicans hope to deploy those resources before the upcoming midterm elections. The CLARITY Act cleared the Senate Banking Committee in May with support from Democratic Senators Ruben Gallego and Angela Alsobrooks. Axios also noted that 18 Senate Democrats later supported the GENIUS Act after internal party debates over crypto regulation and President Trump's financial ties to the industry. The post Senate CLARITY Act Talks Continue as Ethics Provisions Remain Key Sticking Point appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Stellar's tokenized asset market reached $3.1 billion after 300% annual growth driven by institutional participation and regulated financial products. Spiko manages over $1.2 billion on Stellar while Franklin Templeton and Bitbond continue expanding regulated tokenization initiatives. DTCC connectivity plans and Allium Labs monitoring tools strengthen Stellar's infrastructure for transparent institutional blockchain adoption. Stellar RWA Growth continues gaining momentum as institutions expand tokenized financial activity across the network. New infrastructure developments and partnerships reflect increasing participation from regulated financial organizations. Institutional Adoption Drives Network Expansion Scopuly shared the update through its official social media account. The post focused on Stellar's expanding tokenized asset ecosystem. It reported real-world assets reaching $3.1 billion across the blockchain. https://twitter.com/scopuly/status/2079432055889203275?s=20 The update stated the market expanded approximately 300% during the past year. It attributed the increase to institutional participation instead of speculative trading. Traditional financial assets continue moving onto blockchain infrastructure through regulated initiatives. Tokenized real-world assets represent financial products recorded directly on blockchain networks. These assets remain linked to underlying traditional financial instruments. Tokenization is becoming an increasing trend among institutions to enhance settlement and operational efficiency. The milestone reported is a sign of ongoing expansion of the financial ecosystem of Stellar. It also demonstrates broader institutional engagement within blockchain infrastructure. The announcement centered entirely on regulated financial applications rather than cryptocurrency speculation. Major Financial Participants Expand Their Presence The post identified Spiko as one of Stellar's largest institutional participants. According to Scopuly, Spiko manages more than $1.2 billion in tokenized assets. That represents a substantial portion of Stellar's reported tokenized market. Franklin Templeton also continues expanding its presence across the Stellar ecosystem. Bitbond remains another active participant supporting blockchain-based financial products. Both organizations continue building tokenization initiatives on the network. Scopuly further reported planned connectivity involving DTCC and Stellar infrastructure. The proposed connection would link tokenization infrastructure with the Stellar network. DTCC operates one of the world's largest financial market infrastructures. The update presented these developments as part of ongoing institutional adoption. Each organization contributes through different financial services and blockchain applications. Together, they support expanding tokenized asset activity across the ecosystem. Transparency Supports Growing Blockchain Infrastructure The announcement also referenced Allium Labs and its monitoring capabilities. Developers can now observe Stellar's on-chain activity in real time. Institutions receive additional visibility into blockchain transactions and network activity. Greater transparency supports organizations operating regulated financial products on-chain. Real-time monitoring strengthens operational oversight across blockchain infrastructure. Data accessibility also assists participants evaluating ecosystem activity. Scopuly stated Stellar continues evolving beyond conventional blockchain payment use cases. The network increasingly supports regulated financial infrastructure and tokenized real-world assets. Institutional participation remains central throughout the reported developments. The reported milestones collectively describe Stellar's expanding role within blockchain-based finance. Tokenized assets reached $3.1 billion, while institutional participation continued broadening. Planned infrastructure connections and enhanced transparency accompany the network's continued development within regulated financial markets. The post Stellar RWA Growth Accelerates Institutional Adoption appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
XRP's symmetrical triangle formation continues tightening as buyers defend higher lows across recent trading sessions. Derivatives trading volume and open interest of XRP have surged significantly this week, keeping the trading activity steady. XRP maintains support above key levels while traders monitor a potential breakout toward higher resistance zones. Technical indicators and derivative data have been generating a lot of market attention for XRP as they indicate that there is a lot of momentum building up for a possible direction soon. XRP Symmetrical Triangle Signals Building Momentum Crypto Gopal recently shared XRP's developing symmetrical triangle pattern. The structure reflects contracting volatility across recent sessions. Market participants continue monitoring the pattern closely. Source: X The chart shows buyers defending higher lows consistently. Selling pressure remains concentrated near descending resistance levels. Price compression continues as the triangle narrows. The symmetrical triangles are usually the sign of a balance between buyers and sellers. Sometimes, price action cannot be observed before it is extremely volatile. Confirmation remains necessary before identifying the next trend. XRP continues approaching the triangle apex on higher timeframe charts. Traders remain focused on breakout confirmation levels. Market sentiment has gradually improved during consolidation. XRP Holds Support Levels During Consolidation XRP is as of writing trading near the $1.09 level during consolidation. The token briefly traded above $1.10 before encountering resistance. Buyers later supported price action near $1.08. The $1.08 region remains an important short-term support area. Meanwhile, $1.10 continues acting as nearby resistance. Price recovery suggests sustained market participation. Trading volume increased approximately 32.65% during the previous twenty-four hours. Rising activity reflects growing trader engagement across markets. Liquidity conditions remain relatively healthy. Market capitalization currently stands near $68.35 billion. Fully diluted valuation is estimated at approximately $109.42 billion. XRP remains among the cryptocurrency market's largest assets. XRP Derivatives Market Records Rising Activity Derivatives data points to increasing speculative participation across XRP markets. Trading volume surged approximately 80.57% during the reporting period. Open interest climbed by 10.91%. Source: Coinglass Options market activity also recorded notable gains recently. Options volume increased by approximately 30.18% during the period. Options open interest rose modestly across exchanges. Exchange-specific long-to-short ratios indicate relatively bullish trader positioning. Binance traders reported long-dominant account ratios throughout recent sessions. OKX participants similarly maintained bullish positioning. Total liquidations reached approximately $1.75 million across derivatives markets. Longer timeframe data continues showing constructive market participation. Traders remain attentive to XRP's next significant move. XRP's symmetrical triangle pattern continues attracting market attention as momentum builds. Higher lows and tightening price action support ongoing consolidation. Breakout confirmation remains the key factor for determining XRP's next directional movement. The post XRP Builds Momentum as Triangle Pattern Tightens appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Ethereum Whales Buy Over $44M in ETH as Large Holders Resume Accumulation
Ethereum whales purchased over $44 million in ETH, with one large holder staking 12,800 ETH after withdrawing from Binance. Strong spot inflows and renewed accumulation helped Ethereum recover toward the $1,950 level. Ethereum remains above its 50-day and 200-day moving averages, supporting a constructive technical outlook. Ethereum has started to attract fresh whale activity as large investors accumulated thousands of ETH while the asset traded near $1,938. According to Lookonchain, one dormant whale spent $20 million on Ethereum after three months of inactivity, while another newly created wallet withdrew and staked 12,800 ETH from Binance, adding to growing buying activity. Whale Buying Activity Accelerates According to Lookonchain, wallet 0x4cee returned after three months and purchased 10,501 ETH using 20 million USDC. At the same time, a newly created wallet identified as 0xf23c withdrew 12,800 ETH worth about $24.47 million from Binance. The new wallet immediately staked its entire Ethereum balance. Consequently, both transactions highlighted continued accumulation by large holders as Ethereum traded near recent highs. Meanwhile, exchange flow data showed buying pressure strengthened during the past two weeks. On July 14, spot inflows reached approximately $82 million, marking the largest inflow during the reviewed period. Additional inflows between $20 million and $40 million followed on July 15 as Ethereum climbed above $1,900. Spot Flows Continue Supporting Price However, the market experienced temporary selling pressure between July 16 and July 18. Several hourly outflows reached roughly $28 million, $32 million, and nearly $35 million, pulling Ethereum toward the $1,820 region. Source: Coinglass Even so, buyers continued entering the market during the decline. Fresh inflows repeatedly offset selling activity, allowing Ethereum to recover steadily during the following sessions. Between July 19 and July 21, several inflow spikes ranging from $20 million to $30 million accompanied another price advance. Ethereum eventually approached $1,950 despite intermittent outflows. Technical Trend Remains Positive The broader price chart also reflected improving momentum. Ethereum traded around $1,938 while remaining above its 50-day moving average near $1,861 and its 200-day moving average around $1,737. Source: Santiment Notably, trading volumes increased during the recent advance after weakening earlier in June. The recovery followed a prolonged decline from above $3,000 earlier this year before buyers regained control during late June. According to the chart, $1,900 now serves as immediate support, while resistance remains near the psychological $2,000 level, followed by the $2,150 to $2,200 range. The post Ethereum Whales Buy Over $44M in ETH as Large Holders Resume Accumulation appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Russia’s State Duma Nears Final Vote on Crypto Rules Bill
Russia's State Duma will hold the final readings of its cryptocurrency regulation bill on July 21. The bill recognizes crypto as property, permits regulated cross-border use, and bans domestic crypto payments. Licensed crypto firms would operate under Bank of Russia oversight, with most provisions taking effect in September 2026. Russia’s State Duma will hold the second and third readings of its cryptocurrency regulation bill on July 21, bringing the legislation to its final parliamentary stage. According to TASS, the proposal establishes legal rules for crypto activity, strengthens enforcement against illegal use, and permits regulated cross-border transactions while keeping domestic payment restrictions in place. Bill Sets Rules For Crypto Activity According to Anatoly Aksakov, chairman of the State Duma Committee on Financial Markets, lawmakers will complete the bill’s remaining readings during the July 21 session. The proposal, titled “On Digital Currency and Digital Rights,” previously cleared its first reading in April with 327 lawmakers voting in favor. The legislation recognizes cryptocurrencies as property rather than legal tender. However, it keeps the Russian ruble as the only lawful payment method for domestic transactions. Instead, the bill allows companies to use digital assets for international settlements through regulated channels. Meanwhile, the Bank of Russia would oversee the market by licensing exchanges, brokers, depositories, management companies, and crypto exchangers. Licensed platforms could also serve as tax agents by withholding income taxes from crypto investors. Investor Rules And Cross-Border Use The proposal also introduces separate rules for qualified and non-qualified investors. According to TASS, retail investors could buy selected liquid cryptocurrencies only after passing a mandatory knowledge test. In addition, non-qualified investors would face an annual purchase limit of 300,000 rubles through each intermediary. Qualified investors would receive higher limits without the same restrictions applied to retail participants. The framework also supports authorized cryptocurrency use in international trade. According to Aksakov, the legislation creates legal conditions for businesses using digital assets in cross-border transactions while strengthening measures against unlawful domestic activity. Next Steps After The Duma Vote Before the scheduled vote, the Financial Markets Committee approved revised bill text on July 8. The updated version removed an earlier proposal requiring cryptocurrency users to disclose wallet addresses. If lawmakers approve the bill, its main provisions are expected to take effect on Sept. 1, 2026. The legislation would then move to the Federation Council before President Vladimir Putin considers it for final approval. Unlicensed crypto platforms could face restrictions beginning in July 2027 under the proposed framework. The post Russia’s State Duma Nears Final Vote on Crypto Rules Bill appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Michael Saylor’s Strategy Raises $263M, Makes No Bitcoin Buys
Strategy raised $263.5 million by selling MSTR shares but made no Bitcoin purchases or sales. The company maintained its Bitcoin treasury at 843,775 BTC for a second consecutive week. Strategy's cash reserve increased to $3.225 billion, supporting dividends and debt obligations. Strategy raised $263.5 million through sales of 2.73 million MSTR shares between July 13 and July 19, according to a filing with the U.S. Securities and Exchange Commission. However, the company made no Bitcoin purchases during the period, marking its second straight week without adding to its holdings, while its cash reserve increased to $3.225 billion. Bitcoin Holdings Remain Unchanged According to the SEC filing, Strategy's Bitcoin treasury remained at 843,775 BTC after the reporting period. The company acquired those holdings for approximately $63.69 billion at an average purchase price of $75,476 per Bitcoin. Meanwhile, the latest capital raise came exclusively through the company's at-the-market common stock program. Strategy sold 2,732,318 Class A common shares and generated $263.5 million in net proceeds. Furthermore, the company reported no Bitcoin sales during the week. It also made no purchases under any of its preferred stock programs. Common Stock Drives Capital Raising The filing showed no activity under Strategy's STRF, STRC, STRK, or STRD preferred stock offerings. Likewise, the company completed no share repurchases during the reporting period. Instead, common stock sales represented the only capital markets activity. According to the filing, approximately $23.53 billion remains available under the MSTR at-the-market program, including the expanded capacity announced in March. As capital raising continued, Strategy also increased its U.S. dollar reserve. The reserve reached $3.225 billion as of July 19, rising from roughly $3 billion reported one week earlier. Cash Reserve Expands As Funding Continues According to Strategy, the cash reserve supports preferred stock dividend payments and interest obligations on outstanding debt. The reported balance also includes expected proceeds from stock sales awaiting settlement. Meanwhile, Bitcoin holdings remained below the company's average acquisition cost during the reporting period. Even so, Strategy kept its treasury unchanged while continuing to raise capital through equity sales. Separately, investor Khing Oei commented on Strategy's STRC preferred stock, arguing the market values it as a high-yield instrument rather than assessing its longer-term cash flows. His analysis estimated the preferred shares could trade closer to their $100 par value under a bond-based valuation model. The post Michael Saylor’s Strategy Raises $263M, Makes No Bitcoin Buys appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Tether Gold (XAUT) Wins ADGM Recognition in Abu Dhabi Market
ADGM recognized Tether Gold as an Accepted Spot Commodity under its regulated digital asset framework. Authorized firms can now offer approved services involving XAU₮ within Abu Dhabi's financial center. Tether said the recognition supports growing institutional adoption of tokenized real-world assets. Tether announced that Abu Dhabi Global Market (ADGM) has recognized Tether Gold (XAU₮) as an Accepted Spot Commodity, allowing authorized firms to offer services involving the token within the financial center’s regulatory framework. According to Tether, the recognition followed engagement with ADGM and expands regulated access to tokenized gold in the United Arab Emirates. Paolo Ardoino also confirmed the development. ADGM Expands Access To Tether Gold According to Tether, firms operating in ADGM can now use XAU₮, provided they hold the required regulatory permissions and receive approval to offer Accepted Spot Commodities. The recognition adds XAU₮ to ADGM’s regulated commodity framework and broadens the range of digital asset products available within the financial center. Moreover, the decision follows the Financial Services Regulatory Authority's earlier recognition of USD₮ as an Accepted Fiat Referenced Token. As a result, authorized firms now have another regulated Tether-issued product available for eligible services. According to Tether CEO Paolo Ardoino, "Tether Gold is now recognized as accepted spot commodity by ADGM." Physical Gold Meets Blockchain Infrastructure Tether said each full XAU₮ token represents one troy fine ounce of physical gold held in a London Good Delivery bar. Consequently, the token combines physical gold ownership with blockchain-based transfer capabilities. Furthermore, Ardoino said the UAE continues advancing digital asset regulation while supporting tokenized real-world assets. He added that ADGM's framework creates additional opportunities for regulated firms to work with physically backed digital commodities. Meanwhile, ADGM Chief Market Development Officer Arvind Ramamurthy said the recognition strengthens the range of products available to businesses operating within the financial center. He also said the move supports continued business growth across Abu Dhabi's financial ecosystem. Tokenized Asset Market Continues To Expand According to Tether, demand for tokenized real-world assets continues rising as institutions seek digital access to traditional financial products. The company said tokenized real-world assets now represent more than $31 billion in distributed asset value, compared with roughly $6.6 billion one year earlier. Additionally, Tether said XAU₮ extends that model to physical gold through blockchain technology. The company added it will continue working with regulators, licensed firms, and regional partners across the UAE to support digital asset adoption under established regulatory frameworks. The post Tether Gold (XAUT) Wins ADGM Recognition in Abu Dhabi Market appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
President Donald Trump Reportedly Clears Final CLARITY Act Ethics Hurdle for Vote
Trump reportedly accepted the final ethics provision, removing the last major obstacle to Senate consideration. Lawmakers are expected to release updated CLARITY Act text before seeking a vote ahead of the August recess. The bill would establish a federal crypto framework and define SEC and CFTC oversight responsibilities. President Donald Trump has agreed to an ethics provision for the CLARITY Act, removing the final major obstacle before the Senate considers the crypto market structure bill. According to journalist Eleanor Terrett and multiple industry sources, the White House sent the agreed language to certain Senate Republicans on Monday, while lawmakers race to complete action before the first week of August. Ethics Deal Unlocks Next Stage The ethics provision followed months of negotiations between the White House and lawmakers. According to industry sources, Trump approved the proposal after earlier discussions with Senators Cynthia Lummis and Bernie Moreno, along with White House crypto adviser Patrick Witt. Eleanor Terrett reported that industry participants expect the agreement to accelerate the release of updated legislative text. However, Democrats had not yet reviewed the latest language at the time of reporting. The proposed provision would prevent presidents, vice presidents, members of Congress and other federal officials from profiting from digital assets while serving in office. Senate Awaits Updated Bill Attention now shifts to the revised CLARITY Act text, which lawmakers expect to release in the coming days. Afterward, the Senate will decide whether to advance the legislation before lawmakers leave for the August recess. According to previous reports, the ethics debate became the final unresolved issue after concerns surrounding President Trump's digital asset activities and his family's World Liberty Financial venture. Meanwhile, Summer Mersinger, former Commodity Futures Trading Commission commissioner and Blockchain Association chief executive, recently said the Senate vote could take place this week if negotiations conclude. Industry Watches Final Timeline The CLARITY Act would establish the first comprehensive federal framework for digital assets while defining oversight responsibilities between the Securities and Exchange Commission and the Commodity Futures Trading Commission. Ripple Chief Legal Officer Stuart Alderoty has urged lawmakers to support the bill, while Coinbase Vice Chair Ryan VanGrack said the legislation would strengthen consumer protections and address regulatory gaps. If the Senate approves the measure, it will return to the House of Representatives before reaching President Trump's desk for final consideration. The post President Donald Trump Reportedly Clears Final CLARITY Act Ethics Hurdle for Vote appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Bitcoin maintains a $64,000 pivot and buyers and sellers are consolidating around the $65,700 resistance area. The market is balanced following some earlier leverage resets, with futures liquidations easing. With reduced trading volume, caution has set in, but Bitcoin continues to be in a positive structure above critical levels of support in the near-term. Traders are watching for resistance, liquidity, and futures positioning as Bitcoin surges above a critical technical support zone. After a few range-bound sessions, traders are awaiting a breaking out move. Bitcoin Maintains Support While Resistance Limits Advances Bitcoin continues respecting the important $64,000 support and resistance zone. Buyers repeatedly defended this level during recent trading sessions. The overall technical picture is still bullish despite the lack of momentum. Price is consolidating in the range on the four-hour chart. The market was recently described as being creating liquidity in advance of expansion. But there has not been any fresh confirmation yet. Before easing slightly, Bitcoin saw a technical assessment trade near $64,685. The current 24-hour period dropped Bitcoin to approximately $64,558. Both readings remained comfortably above the primary support region. Meanwhile, $65,700 continues acting as the immediate resistance level. Sellers repeatedly rejected advances near that price. Liquidity has consequently accumulated above previous highs awaiting stronger buying pressure. Steady Accumulation Continues Despite Lighter Trading Volume The recent daily chart shows that trading momentum is giving way to buying while controlled. Bitcoin bounced back immediately from dropping below $64,000. That rebound restored a sequence of higher intraday lows. Source: X Price gradually advanced toward the $64,800 area through measured upward movements. Pullbacks remained relatively shallow throughout the session. Buyers consistently absorbed available supply during temporary weakness. CryptoSavingExpert later shared these observations through a market update. The post emphasized patience while consolidation continues. It also noted meaningful liquidity building above current prices. Trading volume declined by more than twenty-six percent during the advance. Market capitalization nevertheless increased alongside modest daily gains. The combination reflects restrained participation rather than heavy distribution. Liquidation Trends Point to Balanced Market Conditions Bitcoin perpetual liquidation data provides additional perspective on present market conditions. Earlier months recorded several major leverage reset events. Those episodes reduced excessive positioning across futures markets. Source: Coinglass Early February produced the largest long liquidation throughout the observed period. Another major liquidation cluster developed during late May. Both events coincided with sharp corrections following leveraged positioning. Recent liquidation activity has become noticeably smaller and more balanced. Neither bullish nor bearish traders currently dominate derivatives markets. The shift reflects a return to normalcy after the volatility of leverage. Bitcoin could resume focus on $65,700 resistance if it moves above this level. A confirmed breakout could target overhead liquidity resting above recent highs. However, losing support could expose $63,000, $61,000, and eventually the stronger $59,000-$59,500 demand zone. The post Bitcoin Holds Support as Breakout Pressure Builds appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.