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Russia will launch a regulated cryptocurrency trading framework on Sept. 1, 2026, requiring exchanges to operate under a licensing regime.
The law limits retail crypto purchases through licensed intermediaries while qualified investors receive broader access to digital assets.
Russia continues prohibiting cryptocurrency payments for domestic goods and services despite introducing comprehensive trading regulations.
Russian President Vladimir Putin signed a law on Aug. 4 establishing Russia's first comprehensive framework for cryptocurrency trading and digital assets. According to TASS, the legislation takes effect on Sept. 1, 2026, allowing licensed platforms to offer crypto trading while keeping cryptocurrency payments for domestic goods and services prohibited.
https://twitter.com/BitcoinArchive/status/2085072823177859318?s=20
New Rules Set Trading Standards
According to TASS, the law regulates crypto exchanges, digital depositories, brokers, clearing houses, management companies, and digital asset operators. It also covers cryptocurrency mining, custody, accounting, and digital financial assets.
Only organizations listed in a special registry may operate crypto exchanges. However, existing providers may continue operating without registration until July 1, 2027.
The law requires exchanges to maintain at least 15 million rubles in equity. Additionally, they must join a financial market self-regulatory organization before operating under the permanent framework.
Retail Investors Face Purchase Limits
Retail investors may purchase only cryptocurrencies regulators classify as the most liquid through licensed intermediaries. According to TASS, annual purchases are capped at 300,000 rubles, or about $3,700, per intermediary.
Qualified investors may purchase any cryptocurrency without annual limits after completing the required suitability testing. Individuals may also qualify based on their previous cryptocurrency transaction history.
Authorities have not yet published the final list of eligible cryptocurrencies. Reports indicate Bitcoin, Ethereum, and USDT are expected among the initial assets available.
Domestic Payments Stay Prohibited
While the law opens regulated cryptocurrency trading, it continues banning digital currencies as payment for domestic goods and services. The legislation also prohibits advertising cryptocurrency as a payment method inside Russia.
However, the framework allows cryptocurrency settlements for foreign trade contracts between Russian residents and non-residents. It also permits transactions involving mined cryptocurrency, securities, digital rights, and approved system fees.
Banks must block transfers linked to unauthorized cryptocurrency exchange providers if they identify suspicious activity. Meanwhile, the law grants judicial protection to cryptocurrency holders regardless of whether they previously declared their digital assets.
Most provisions become effective on Sept. 1, 2026. Additional rules covering non-resident digital depositories, transfer restrictions, and technical digital asset requirements will roll out during 2027.
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Payward will let eligible xStocks holders submit proxy voting preferences through Broadridge, adding corporate governance participation.
The update replaces the previous model where tokenized equity holders had no way to influence votes tied to underlying shares.
Payward continues expanding xStocks internationally as tokenized equities gain broader adoption across global financial markets.
Payward, the parent company of Kraken, announced Wednesday that eligible xStocks holders will soon submit proxy voting preferences through a collaboration with Broadridge. According to the company, the change gives qualifying tokenized equity investors a way to participate in corporate governance after previously having no influence over votes tied to the underlying shares.
Payward Changes XStocks Voting Model
According to Payward, the new arrangement replaces the previous approach where xStocks holders could not express voting preferences. Instead, eligible investors will now submit proxy voting instructions for the shares backing their tokenized equities through Broadridge's infrastructure.
Mark Greenberg, Payward's chief commercial officer, said the goal of tokenization extends beyond improving capital markets. He added that company ownership should also include opportunities to participate in corporate governance.
Broadridge provides digital asset infrastructure that includes proxy voting, custody, wallets, and post-trade services. Notably, the partnership brings those capabilities to Payward's tokenized equity offering for eligible participants.
Eligible Markets Continue To Expand
Issued by Backed, xStocks remain available only to eligible investors outside the United States. Currently, the products are also unavailable in the United Kingdom and to U.S. persons.
However, Payward recently partnered with fintech infrastructure provider GTN to broaden the xStocks lineup. According to the company, the expansion includes Hong Kong-listed shares, with additional plans covering Europe, South Korea, the United Kingdom, and other international markets.
Tokenized Equities See Broader Adoption
Payward said xStocks have processed more than $25 billion in total transaction volume since launching last year. The latest governance update adds another feature as the platform expands internationally.
Meanwhile, interest in tokenized equities continues to grow across financial markets. According to the company, blockchain firms and traditional financial institutions, including JPMorgan and Goldman Sachs, have explored moving securities onto blockchain networks.
The Broadridge collaboration adds shareholder participation to Payward's tokenized equity model. Eligible xStocks holders can now submit proxy voting preferences while retaining exposure to the shares underlying their digital tokens.
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A Rambler&Co survey found 69% of Russians see no practical use for cryptocurrencies despite the country's expanding regulatory framework.
Most respondents said they rarely use or understand digital assets, highlighting a significant awareness gap before new crypto rules begin.
Russia's latest cryptocurrency regulations are expected to start in September 2026 while domestic crypto payments remain prohibited.
Nearly seven in ten Russians still see no practical use for cryptocurrencies despite the country's expanding regulatory framework, according to TASS. A Rambler&Co survey found that 69% of respondents could not identify any meaningful crypto use cases, while lawmakers continue preparing new digital asset rules that are expected to begin taking effect in September 2026.
Survey Shows Limited Public Interest
According to TASS, 52% of respondents said they do not use cryptocurrencies and therefore could not explain how legalization would affect them. Meanwhile, only 6% reported having practical experience with digital assets.
The findings also highlighted limited public understanding. Notably, 54% admitted they know little or nothing about how cryptocurrencies work. Another 23% said they still lack enough information, while 17% said they understand only the basics.
However, some respondents outlined possible future uses. Around 8% said they would use crypto for purchases abroad. Additionally, 6% favored long-term investing and portfolio diversification, while 4% planned business-related use.
New Rules Approach Implementation
The survey comes as Russia moves closer to implementing its latest cryptocurrency legislation. The State Duma has approved the "On Digital Currency and Digital Rights" bill, although it still requires approval from the Federation Council and President Vladimir Putin.
Most provisions are scheduled to take effect on Sept. 1, 2026. Furthermore, additional licensing rules for cryptocurrency intermediaries will begin in 2027.
The framework will regulate cryptocurrency trading and investment through licensed platforms. However, direct cryptocurrency payments inside Russia will remain prohibited under the proposed system.
Awareness Gap Remains
Although legalization is approaching, public confidence remains mixed. According to TASS, 22% believe regulating cryptocurrencies is the better approach, while 20% said they had waited for clearer market rules.
Interest also depends on stronger consumer protections. Around 38% want factual information without promises of quick profits. Meanwhile, 36% want clearer regulations, while 16% said reliable platforms with simple interfaces would encourage participation.
The Rambler&Co survey questioned more than 2,000 active internet users between July 23 and July 30, shortly after lawmakers approved the new legislation.
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Visa partnered with zerohash to add stablecoin merchant prefunding and payout capabilities to Visa Direct across its global payment network.
The integration enables eligible clients to send cross-border payments in stablecoins while using existing financial infrastructure.
Visa continued expanding its stablecoin strategy by extending blockchain-based settlement and liquidity management through Visa Direct.
Visa expanded its stablecoin strategy by partnering with zerohash to add stablecoin merchant prefunding and payout capabilities to Visa Direct. According to Visa and zerohash, eligible Visa Direct clients can access the new features across the network spanning more than 18 billion endpoints in over 195 countries and territories, supporting faster cross-border money movement through blockchain infrastructure.
Visa Direct Expands Stablecoin Services
According to Visa, the integration allows eligible Visa Direct clients to prefund merchant accounts using stablecoins before sending payments. Businesses can also distribute payouts directly in stablecoins, while continuing to use existing financial infrastructure.
The companies said zerohash provides the underlying regulatory, compliance, and technical infrastructure supporting the service. Notably, the platform operates across dozens of blockchains and stablecoins while handling settlement and customer usability.
Edward Woodford, founder and CEO of zerohash, said the partnership extends stablecoin capabilities into Visa Direct's core payment network. He added that businesses gain another option to manage liquidity across borders, while recipients receive quicker access to funds through onchain settlement.
Partnership Targets Cross-Border Payments
According to Visa, the new capabilities support businesses seeking faster settlement beyond traditional banking hours. Moreover, recipients can choose to receive payments directly in stablecoins instead of relying solely on conventional payment methods.
Mark Nelsen, Visa's global head of product, said stablecoins create additional opportunities to improve cross-border money movement. He added that Visa continues investing in infrastructure that broadens Visa Direct's payment capabilities while remaining compatible with existing financial systems.
Stablecoin Strategy Continues To Grow
The latest announcement builds on Visa's broader stablecoin initiatives introduced during 2026. Earlier this year, Visa partnered with BVNK on stablecoin prefunding pilots before launching the Visa Stablecoin Platform in July.
That platform enables financial institutions to issue, hold, transfer, and redeem stablecoins within one environment. Meanwhile, the new zerohash collaboration adds merchant prefunding and payout functionality to Visa Direct, extending blockchain-based settlement to another part of Visa's payment ecosystem.
According to both companies, the integration gives eligible clients additional options for managing liquidity, supporting cross-border payments, and accessing stablecoin settlement through Visa Direct without building separate blockchain infrastructure.
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XRP Infrastructure remains central to discussions surrounding enterprise finance, tokenization, and cross-border settlement services worldwide.
Ripple continues expanding institutional products while community discussions compare blockchain adoption with traditional financial infrastructure.
BXE's planned MEXC listing adds another enterprise-focused development within the broader XRP Ledger ecosystem narrative.
XRP Ledger returned to market discussions as community members examined Ripple's expanding enterprise ecosystem alongside broader digital finance narratives. Recent posts also renewed debate over XRP's future role within institutional financial infrastructure.
XRP Ledger Remains Central to Enterprise Discussion
Recent social media discussions from TheCryptoSquire connected the XRP Ledger with long-term financial infrastructure development. Separate posts presented similar themes through different perspectives. Both centered on Ripple's expanding institutional ecosystem.
https://twitter.com/TheCryptoSquire/status/2084479185498907113?s=20
One discussion referenced Elon Musk's reported comments regarding the future of the U.S. dollar. The post suggested XRP could support future financial infrastructure. That statement represented the author's personal interpretation rather than a confirmed projection.
Another discussion from FinanceBroYT presented a more aggressive outlook surrounding Ripple's future growth. It claimed XRP could eventually become more liquid than the U.S. dollar. No official evidence currently supports that specific expectation.
Ripple has continued expanding services beyond cross-border payments in recent years. Its enterprise portfolio now includes Custody, Treasury, Prime, Mint, RLUSD, and the XRP Ledger. Those offerings target multiple institutional financial functions.
Enterprise Expansion Continues Across Ripple Ecosystem
Ripple's strategy increasingly focuses on institutional digital asset infrastructure. Treasury services support enterprise liquidity management and operational workflows. Custody solutions address secure digital asset storage requirements.
Meanwhile, Ripple Mint enables token issuance for enterprise applications. RLUSD extends Ripple's presence within regulated stablecoin infrastructure. The XRP Ledger provides settlement capabilities supporting several ecosystem services.
The broader ecosystem has also expanded into tokenization and enterprise blockchain applications. Developers continue building financial products beyond traditional payment services. Those efforts broaden available institutional blockchain use cases.
Community discussions frequently reference these developments when evaluating Ripple's long-term strategy. However, expanding enterprise services does not automatically determine future market leadership. Institutional adoption continues developing through gradual implementation.
Market Narratives Continue Separating Facts From Expectations
The discussions also addressed Ripple's regulatory licensing efforts across multiple jurisdictions. Regulatory approvals support compliant financial service expansion. They do not indicate widespread disruption within the banking industry.
Another topic focused on the scheduled BXE listing on MEXC. Exchange listings generally improve project accessibility and market visibility. Long-term adoption still depends on sustained ecosystem participation after launch.
The discussions also connected XRP with broader financial modernization trends. Stablecoins, tokenization, and blockchain settlement continue attracting institutional interest. Financial firms increasingly evaluate multiple blockchain platforms for specialized operational needs.
Recent developments reflect ongoing enterprise activity in the XRP Ledger ecosystem. As of this time XRP is trading around $1.08 on the market while traders await further adoption stories. Going forward, results will remain contingent on implementation, regulatory developments, and institutional involvement, as well as on quantifiable in-the-field adoption.
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Circle Gateway now supports ERC-1271, allowing smart contracts and smart wallets to manage unified USDC balances without delegate accounts.
The update preserves existing authorization models, including multisignature approvals, role-based permissions and spending controls.
ERC-1271 support expands crosschain USDC workflows while reducing operational complexity for developers and existing Gateway integrations.
Circle announced that Gateway now supports ERC-1271 signatures, allowing smart contracts and smart contract wallets to access unified USDC balances directly. According to Circle, the update removes the need for delegate accounts while preserving existing authorization logic, enabling programmable applications to manage crosschain USDC using their current approval models.
Smart Contracts Gain Direct Access
According to Circle, Gateway previously required externally owned accounts to submit mint and burn requests. As a result, smart contract wallets depended on delegate approvers, creating extra setup requirements and additional signature management.
With ERC-1271 support, Gateway can now verify signatures generated by smart contracts through the standard contract-based verification method. Consequently, developers can connect smart contracts directly without redesigning existing authorization systems.
The company said applications can continue using multisignature approvals, role-based permissions, spending limits, passkeys, allowlists, and time-based controls. Those policies remain inside the smart contract instead of moving to separate delegate accounts.
Crosschain USDC Workflows Expand
The update also broadens Gateway's crosschain capabilities. According to Circle, developers can access a unified USDC balance after depositing tokens into Gateway Wallet contracts across supported blockchains.
DeFi protocols can now move USDC between supported chains without relying on bridges or maintaining pre-funded balances. Meanwhile, payment platforms can execute crosschain transfers while preserving their existing approval structures.
Treasury platforms can also manage recurring payments, crosschain operations, and controlled disbursements from one unified USDC balance. Smart wallet providers can similarly offer users crosschain access without introducing delegate approval flows.
Existing Integrations Need Fewer Steps
Circle said ERC-1271 also provides a simpler migration path for existing Gateway users. Teams using delegate-based authorization can transition to direct smart contract access while keeping their current validation logic.
According to the company, the change reduces operational overhead by removing separate signing infrastructure and delegate management. Instead, authorization remains governed by the same smart contract policies already controlling treasury systems, protocols, users, and applications.
The update enables developers to build crosschain USDC workflows while maintaining existing security policies through programmable smart contract authorization.
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Kingstown, Saint Vincent and the Grenadines, August 5th, 2026, Chainwire
The former TON executive joins as Director of Strategic Partnerships to form the connections behind ChangeNOW’s next phase.
Former TON executive Martin Masser joins ChangeNOW to build strategic partnerships, ecosystem relationships, and media momentum behind its next phase.
Masser comes with experience across traditional banking, Web2 and Web3, including senior growth and business development roles within the TON space. At ChangeNOW, he will lead strategic relationships with blockchain networks, wallets, fintech companies, payment providers and other infrastructure partners.
His appointment comes as ChangeNOW grows beyond standalone crypto services, transitioning to one connected product where users can buy, store, swap, trade, send, receive and grow digital assets. The industry has already built most of the individual components. What it hasn't solved is the experience of using them together; clients are still expected to switch between platforms, understand different networks and connect the pieces on their own. ChangeNOW’s super app strategy is designed to move that complexity beneath the product.
“Martin brings a rare mix of commercial relationships, product and media understanding,” said Pauline Shangett, Chief Strategy Officer at ChangeNOW. “He knows what the technology can do, what the business needs and how to make the market pay attention. That is exactly the perspective we need as we build the ChangeNOW super app.”
Masser's role will focus not on accumulating partnership announcements, but on identifying relationships that can make ChangeNOW's infrastructure more complete and remove unnecessary steps from the сlient experience.
“The best partnerships create access, adoption and attention. My focus is to build relationships that make the product stronger, simpler and more useful, and then help the market understand why they matter. If you are building wallets, networks, payments, stablecoins, fintech infrastructure, consumer crypto or Web3 products, I want to hear from you,” said Masser.
For consumers, ChangeNOW is combining the core activities of managing crypto within one environment. For businesses, it is developing an integrated set of tools for crypto payments, exchange, stablecoin settlement, digital asset management and Web3 integrations.
As ChangeNOW expands into a crypto super app, its next phase is connecting the right networks, wallets and partners. Masser’s role will be central to building those relationships and turning them into product value, adoption and market momentum.
About ChangeNOW
ChangeNOW.io is a crypto super app built for every crypto move, giving newcomers, professionals, and businesses the tools they need to access Web3 finance in a simple and secure way.
Since 2017, ChangeNOW has grown from a fast, secure, and limitless instant exchange into a trusted platform where storage, swaps, trading, staking, and asset management are covered in one simple experience for millions of clients worldwide.
About Martin Masser
Martin Masser is Director of Strategic Partnerships at ChangeNOW, where he is building partnerships around the company's expansion into a crypto super app. His career covers traditional banking and capital markets in London and Web3, including his previous role as Head of Growth at TON Foundation. Martin works at the intersection of growth, infrastructure, and partnerships, connecting products and industry players to make crypto services work as one seamless user experience.
ContactPR Team
CHN Group LLC
pr@changenow.io
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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Tether reported XAU₮ customer holdings increased 9.5% in Q2 2026 even as gold prices declined 14.1% during the quarter.
The company said every XAU₮ token remained fully backed by Swiss-stored physical gold, supported by more than 22 metric tonnes in reserves.
Tether expanded its gold strategy with additional purchases in 2026 while maintaining full backing for all circulating XAU₮ tokens.
Tether reported that investor holdings of Tether Gold (XAU₮) increased 9.5% during the second quarter of 2026, even as gold prices fell 14.1%. The company said customers accumulated more tokenized gold through June 30, 2026, while maintaining full 1:1 physical backing with Swiss-vaulted reserves under El Salvador's digital asset framework.
Customer Holdings Increased During Price Weakness
According to Tether, customer holdings rose from 559,598.640000 XAU₮ at the end of the first quarter to 612,823.660000 XAU₮ by June 30. That increase represented 53,225.020000 additional tokens moving into investor holdings during the quarter.
The company said each XAU₮ token remained backed by at least one fine troy ounce of physical gold. Notably, total reserves stayed unchanged at 707,747.139 fine troy ounces, or about 22.01 metric tonnes.
Gold ended the quarter at $4,008.02 per ounce after declining 14.1% from first-quarter levels. However, Tether said investors continued adding tokenized gold despite the lower prices.
Reserves Remained Fully Backed
Tether said its gold reserves consisted of 1,759 London Good Delivery bars, together with smaller bars, stored in Switzerland. The company also reported approximately $2.837 billion in market value at the end of the quarter.
Meanwhile, 94,923.430000 XAU₮ remained available for sale after quarter-end. The company confirmed that its physical reserves remained sufficient to maintain full backing for every circulating token.
Paolo Ardoino, CEO of Tether, said the second quarter tested investor demand during gold's largest quarterly correction in 13 years. He added that more than 53,000 tokens moved into customer ownership despite weaker prices.
Gold Strategy Expanded Further
Separately, Tether International SA de CV purchased approximately 27.1 tonnes of gold during the first half of 2026. The company averaged about 4.5 tonnes of purchases each month.
According to the figures provided, Tether International would rank third globally for gold purchases during the period if measured alongside central banks. The reported holdings of approximately 150 tonnes would place it behind Poland and China, while ahead of Kazakhstan.
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Ethereum developers proposed gradually burning validator issuance, reaching a full burn when about half of the ETH supply is staked.
Aave founder Stani Kulechov warned the proposal could weaken staking incentives, institutional demand and Ethereum DeFi strategies.
The draft proposal arrived before the Hegotá deadline, sparking debate over Ethereum's long-term staking economics and network security.
Ethereum developers have proposed a draft Ethereum Improvement Proposal that would gradually burn validator issuance as network staking increases, reaching full issuance burn once about half of the ETH supply is staked. The proposal surfaced ahead of the Hegotá upgrade deadline, while Aave founder Stani Kulechov argued the changes could reduce staking incentives and weaken Ethereum's appeal for institutions and decentralized finance.
https://twitter.com/StaniKulechov/status/2084667208668467574?s=20
Draft Targets Rising Ethereum Staking
According to the proposal, validator issuance would face increasing burns as staking grows across the network. Once staking reaches roughly 60.25 million ETH, or about 50% of supply, newly issued validator rewards would be fully offset through burning.
Validators would continue receiving transaction fees and block tips under the proposal. However, only newly created ETH would face gradual reductions through an 18-month transition period.
Six researchers, including Ethereum Foundation researcher Justin Drake, signed the draft proposal. It has not yet received an official EIP number and arrived shortly before the Aug. 6 deadline for smaller Hegotá upgrade proposals.
According to the authors, Ethereum currently has about 41 million ETH staked, representing nearly 34% of supply. Meanwhile, another 2.5 million ETH remains in the activation queue.
Proposal Draws Opposition From DeFi Leaders
The proposal quickly divided Ethereum developers and DeFi participants. Aave founder Stani Kulechov argued that reducing staking rewards toward zero would make ETH borrowing strategies largely uneconomical.
Kulechov also said unpredictable staking yields could discourage institutional investors seeking stable returns. Additionally, he warned that reduced rewards could weaken several DeFi yield strategies built around borrowed ETH.
He further argued that investors could shift capital toward competing blockchain networks or other yield-bearing assets if Ethereum staking became less attractive.
Questions Grow Ahead Of Hegotá Deadline
Mike Silagadze, founder of ether.fi, criticized both the proposal and its review timeline. He said the draft arrived with limited time for community feedback despite introducing major economic changes.
Silagadze also argued the proposal could pressure solo stakers while favoring larger staking providers with lower capital costs. He added that several leading DeFi protocols could face capital outflows if staking demand slows.
Meanwhile, the proposal's authors estimated staking could exceed 70 million ETH by January 2028 without changes, making the discussion increasingly relevant as Ethereum developers review candidates for the Hegotá upgrade.
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A wallet linked to Strategy transferred 1,030 BTC after the company disclosed a recent Bitcoin sale, though no new sale has been confirmed.
MARA moved 6,000 BTC to TwoPrime, but analysts said the transfer likely reflects treasury management rather than a confirmed liquidation.
Both Bitcoin transfers renewed market attention on corporate treasury activity as investors await official disclosures from the companies.
Another large Bitcoin transfer has put corporate treasury activity back in focus after a wallet linked to Strategy moved 1,030 BTC worth about $66.14 million. According to Lookonchain, the transaction followed Strategy's disclosed Bitcoin sale last week, while Bitcoin miner MARA also transferred 6,000 BTC to TwoPrime, although analysts said the move does not confirm a sale.
Strategy Transfer Follows Recent Bitcoin Sale
According to Lookonchain, the suspected Strategy-linked wallet completed the 1,030 BTC transfer roughly two hours before the report. The movement came after Strategy disclosed selling 1,638 BTC last week for about $102.4 million.
The company still holds 842,138 BTC valued at about $52.65 billion, according to the latest figures. However, Strategy has not confirmed whether the latest wallet transfer represents another sale.
The transfer alone does not prove liquidation because blockchain transactions can also support custody or treasury operations. Even so, the movement attracted attention because of Strategy's recent disclosed sale.
Michael Saylor previously said Strategy's Bitcoin transactions support corporate capital management rather than reflecting changes to his personal Bitcoin position.
MARA Sends 6,000 BTC To TwoPrime
Attention also shifted to MARA after the miner transferred 6,000 BTC worth about $384.6 million to TwoPrime. According to Lookonchain, the transfers occurred during the past five hours.
Analysts said the transaction does not necessarily indicate that MARA sold any Bitcoin. Instead, they noted the transfer could support treasury or broader asset management activities.
That explanation aligns with MARA's existing relationship with TwoPrime. The miner owns an equity stake in the firm and allocates Bitcoin to its investment strategies.
Wallet Activity Draws Fresh Market Attention
Strategy remains the largest corporate Bitcoin holder, making its wallet activity closely watched across the market. Meanwhile, MARA continues holding 36,303 BTC worth approximately $2.34 billion after the latest transfer.
Earlier this year, MARA sold 15,133 BTC to retire $1 billion in convertible debt. However, no evidence currently shows the latest 6,000 BTC transfer resulted in another sale.
Likewise, Strategy's latest transaction remains an on-chain movement until the company provides further disclosure. Investors will likely watch the next corporate filing to determine whether the transferred Bitcoin became part of another reported sale.
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The Senate did not file cloture on the CLARITY Act Monday, delaying the bill's expected procedural progress before the August recess.
Ongoing ethics negotiations and unresolved policy disputes continue to complicate Senate support and the timing of a potential vote.
Majority Leader John Thune could still file cloture this week as lawmakers work to resolve remaining disagreements over the legislation.
The Senate's expected procedural step on the CLARITY Act did not happen Monday, leaving the bill's path uncertain before the August recess. According to journalist Eleanor Terrett, Majority Leader John Thune did not file cloture as procedural work on the continuing resolution continued, while unresolved negotiations over ethics and other provisions also remained in play. Those issues now shape expectations for the coming days.
Cloture Timeline Shifts As Negotiations Continue
According to Terrett, procedural matters tied to the continuing resolution partly explain why Thune delayed filing cloture on the motion to proceed. However, she also reported that unresolved policy disputes and uncertainty over vote counts likely contributed to the decision.
Terrett said Thune could still file cloture as early as Tuesday once those procedural matters conclude. Under Senate rules, an intervening day and one hour must pass before the initial cloture vote takes place.
She also noted that the separate 30-hour period applies only after senators invoke cloture. Even so, she said the final outcome remains uncertain because several issues still await resolution.
Ethics Talks Remain The Biggest Obstacle
Attention has now shifted toward bipartisan negotiations over ethics language. According to Terrett, the White House has not responded to the latest ethics counterproposal submitted by Senators Thom Tillis and Ruben Gallego.
The revised proposal reportedly expands an earlier framework and includes an enforcement role for state attorneys general. According to the report, Democrats have supported that provision, while the White House has resisted it.
Meanwhile, disagreements also continue over the Blockchain Regulatory Certainty Act and sections drafted by the Senate Agriculture Committee. Those discussions remain active as lawmakers work toward a possible vote.
Lawmakers Weigh Next Steps
John Thune recently told reporters he expects the Senate to vote on market structure legislation. However, he acknowledged uncertainty about whether lawmakers could formally begin debate.
According to Terrett, some people involved now want senators on the record regardless of the bill's outcome. Senator Cynthia Lummis also said lawmakers should make a clear choice after negotiations expanded the legislation with additional law enforcement, ethics, and decentralized finance provisions.
Kristin Smith, president of the Solana Policy Institute, also pointed to the GENIUS Act as an example of legislation that failed an earlier cloture vote before later passing the Senate. Meanwhile, negotiations continue as senators prepare for the next procedural step.
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PEPE continues defending a major demand zone, keeping the recovery structure intact despite recent selling pressure.
A move above nearby resistance could expose higher technical targets, while support remains the market's primary focus.
Lower trading volume and intraday weakness keep traders watching for confirmation before fresh positions emerge.
PEPE remains at an important technical stage as buyers defend a major support zone. Market participants now watch whether renewed demand can sustain recovery and challenge overhead resistance.
PEPE Maintains Bullish Structure Above Key Support
Finora AI shared an 8-hour market outlook centered on a well-defined support area. The analysis maintains a bullish stance while price remains above the highlighted zone. Buyers continue defending that region after several successful retests.
Source: X
A wedge support level is identified in the range of 0.00000265 to 0.00000260 that indicates a bullish/bearish dichotomy. The previous pullbacks have drawn in fresh buying interest time and again. That behavior suggests accumulation remains active near demand.
Price action has also shifted from persistent declines into sideways consolidation. Consecutive lower lows have become less frequent during recent sessions. That change reflects a market attempting to establish stability.
Finora AI advised patience instead of chasing higher prices. The preferred approach involves waiting for confirmation near demand. A positive reaction could improve the probability of another upward attempt.
Resistance Levels Define the Next Trading Direction
The first upside objective remains 0.00000287, according to the shared chart. That level aligns with previous swing highs inside the recovery structure. Buyers must overcome it before stronger momentum develops.
Beyond that level, the chart identifies 0.00000310 as the next resistance objective. A broad supply zone surrounds that area. Sustained buying activity would likely be required before testing it.
The analysis also warned about temporary moves beneath 0.00000270. Such movements may represent liquidity sweeps instead of confirmed breakdowns. Traders therefore continue watching for bullish confirmation before entering positions.
The bullish outlook changes if support fails decisively. A confirmed eight-hour close below 0.00000265 would invalidate the current setup. Attention would then shift toward 0.00000226 as the next demand area.
Intraday Weakness Keeps Traders Cautious
The CoinMarketCap chart showed PEPE trading under steady intraday selling pressure. Lower highs and lower lows dominated most of the session. Short term buying was difficult to find.
Source: Coinmarketcap
PEPE is as of writing, trading around $0.000002832, with a 3.32% decrease in price over the last 24 hours. The market capitalization was just over $138.5 million and the fully diluted value was at about $1.17 billion.
Trading action slowly fell off the pace during the session. Sellers consistently absorbed recovery attempts after brief rallies. The latest stabilization near session lows has yet to confirm a reversal.
For now, both charts emphasize confirmation over anticipation. Holding above the highlighted support preserves the recovery outlook. Losing that foundation would shift attention toward lower technical support levels.
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XRP Accumulation remains the dominant theme as price, market cap, and open interest continue cooling after the 2025 cycle peak.
XRP traded at $1.08 while derivatives activity and market capitalization reflected a healthier environment after broad market deleveraging.
Long-term cycle analysis points to extended consolidation before stronger accumulation conditions potentially emerge during 2027.
XRP Accumulation remains the dominant market theme as long-term indicators continue stabilizing after the previous cycle peak. Traders are monitoring broader market conditions before establishing larger strategic positions.
Long-Term Cycle Enters an Accumulation Phase
Rafaela Rigo shared a long-term roadmap for XRP through a recent social media post. She stated accumulation only started during June 2026. She also projected buying interest beginning around July 2027.
Source: X
The chart reflects a familiar market cycle following previous XRP expansions. Strong rallies were followed by extended corrective periods across multiple years. Similar behavior emerged after the 2025 market peak.
XRP reached $3.66 before momentum reversed sharply during the correction. Market capitalization climbed near the $200 billion region during that advance. Selling pressure later erased much of those gains.
As of writing, market capitalization has declined toward approximately $66 billion. Price stabilization now replaces the earlier period of rapid expansion. Historical cycles suggest consolidation often follows major distribution phases.
Open Interest Signals Healthier Market Conditions
The derivatives market experienced substantial deleveraging after the latest rally ended. Open interest climbed near $11 billion during peak speculation. That expansion closely matched XRP's advance above $3.50.
Both price and open interest later declined together across several months. Such synchronized weakness reflected broad liquidation instead of isolated selling. Excess leverage gradually disappeared from the market structure.
Current open interest remains above previous bear market levels despite corrections. Institutional participation appears stronger than earlier market cycles. Broader derivatives adoption continues supporting overall market liquidity.
Rafaela Rigo also discussed rotating profits from stronger-performing cryptocurrencies. Her strategy delays XRP accumulation until broader market cycles mature. That approach prioritizes timing instead of immediate market exposure.
Market Cap and Price Await Fresh Confirmation
Market capitalization continues moving closely alongside XRP's price performance. Supply changes contributed little to overall valuation shifts. Investor sentiment remained the primary valuation driver throughout recent cycles.
XRP as of the time of writing, trades at $1.08 after gaining 1.81% during the past day. The token remains down 1.68% over the previous seven days. Daily trading volume stands near $710.8 million.
Recent market cap behavior suggests volatility has moderated after earlier declines. Buyers and sellers continue searching for long-term equilibrium. Fresh capital inflows remain necessary for sustained recovery attempts.
Current conditions favor observation rather than aggressive positioning across longer timeframes. Market participants continue monitoring accumulation signals before increasing exposure. Future price direction will likely depend on improving participation and stronger capital inflows.
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Ripple invested in ZILO and Licuido to strengthen XRPL infrastructure for institutional tokenized assets and regulated capital markets.
The partnerships add transfer agency, digital issuance and collateral mobility while RLUSD supports regulated settlement on the XRPL.
Ripple said the investments build on earlier tokenization efforts as XRPL expands services for institutional asset managers and issuers.
Ripple announced strategic investments in ZILO and Licuido as it expands its capital markets infrastructure on the XRP Ledger (XRPL). The announcement follows Aviva Investors' tokenization of its U.S. Dollar Liquidity Fund on the XRPL and aims to add regulated transfer agency, issuance, and collateral mobility for institutional tokenized assets.
https://twitter.com/Ripple/status/2084187612273582271?s=20
Investments Target Capital Markets Infrastructure
According to Ripple, the investments strengthen existing partnerships with ZILO and Licuido. Together, the companies will integrate regulated transfer agency services, digital issuance, and collateral movement into Ripple's institutional infrastructure.
Ripple said its platform combines asset issuance, custody, collateral management, multi-currency investment, and atomic settlement. The company also said its stablecoin, RLUSD, serves as the regulated cash leg for delivery-versus-payment transactions.
Nigel Khakoo, Ripple's senior vice president of Trading and Markets, said tokenization alone does not unlock the full value of digital assets. He said institutions also need efficient trading, settlement, borrowing, lending, and collateral capabilities.
Partners Expand Tokenized Asset Services
ZILO provides transfer agency and fund administration technology for asset managers, custodians, and transfer agents. According to Ripple, the platform supports tokenized share classes while maintaining regulated digital records.
Phil Goffin, founder and chief executive officer of ZILO, said Ripple's investment will help expand digital market functionality for institutional clients.
Meanwhile, Licuido focuses on issuing, distributing, and trading tokenized financial assets. Ripple said the platform allows fund shares and other traditional assets to move through onchain collateral and atomic settlement infrastructure.
Brian Lynch, chief executive officer and co-founder of Licuido, said the partnership will help expand the company's collateral marketplace on the XRPL.
Ripple Builds On Earlier Tokenization Efforts
Ripple said the investments build on its earlier collaboration with Aviva Investors to tokenize traditional fund structures on the XRPL. The company added that ZILO and Licuido support regulated issuance, distribution, custody, and additional use cases.
According to Ripple, the XRPL has processed more than four billion transactions since 2012. The network also supports over seven million active wallets and operates through 120 independent validators.
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Lorenzo Valente said Uniswap maintained strong trading volumes and revenue even as Unichain recorded limited adoption and network activity.
Valente said Uniswap V4 now accounts for about half of protocol activity while the fee switch generates significant UNI token burns.
Uniswap produced more than $1 million in weekly revenue as tokenized stocks and other assets moved closer to the protocol.
Ark Invest's Lorenzo Valente said Uniswap has emerged as one of the stronger-performing legacy crypto projects this cycle despite weaker activity on Unichain. In a thread shared this week, Valente highlighted resilient trading volumes, growing revenue, adoption of Uniswap V4, and the activation of its fee switch, while noting that tokenized stocks are also approaching the protocol.
Unichain Lags As Core Platform Holds Up
According to Valente, Unichain has struggled to gain traction since launch. He said the layer-2 network now generates roughly $5,000 to $7,000 in monthly REV.
Additionally, Unichain processes about 3,000 daily transactions, while total value locked stands near $30 million. Valente said activity across the network remains limited.
However, he contrasted those figures with Uniswap's core automated market maker business. According to him, the protocol continues handling about $15 billion in weekly trading volume.
Valente added that Uniswap processed roughly $20 billion to $25 billion in weekly volume during the 2021 market peak, showing relatively stable activity over time.
V4 Adoption And Revenue Continue Growing
According to Valente, each major Uniswap upgrade has gained user adoption. V2 overtook V1, while V3 later became the dominant version.
More recently, V4 surpassed V3 and now accounts for about half of protocol activity alongside V3. The latest version also introduced the protocol's fee switch.
Valente said Uniswap now generates more than $1 million in weekly revenue across Ethereum, Base, and Robinhood Chain. That equals roughly $5 million each month, or an annualized run rate near $60 million.
He also said the V4 fee switch currently burns about $90 million worth of UNI annually based on the trailing seven-day pace.
Chart Shows Key Price Levels
Meanwhile, UNI traded at $3.88 during the analysis. The token remained below its 50-day moving average of $4.04 but stayed above the 200-day average of $3.64.
Source: Santiment
The chart showed support between $3.05 and $3.20 after June's rebound from roughly $2.40. Meanwhile, resistance sits near $4.04 before the $4.20 to $4.40 range, where recent selling pressure appeared.
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BlackRock filed with the SEC to launch tokenized BRSRV fund shares on Solana as part of a regulated multi-chain cash management strategy.
The Treasury-backed fund will issue tokenized shares across Solana, Ethereum and Tempo without investing directly in cryptocurrencies.
BlackRock expanded its tokenized finance strategy by adding Solana infrastructure while Securitize manages tokenization and ownership records.
BlackRock has filed with the U.S. Securities and Exchange Commission to issue tokenized fund shares on Solana, according to Solana's Aug. 3 announcement. The filing introduces the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV), expanding the asset manager's cash management strategy while bringing stablecoin reserve assets onchain through a regulated structure.
https://twitter.com/solana/status/2084325538957754550?s=20
BlackRock Expands Tokenized Finance Strategy
According to Solana, BlackRock launched the Daily Reinvestment Stablecoin Reserve Vehicle on the network to support stablecoin reserve management. The product is designed to qualify as a GENIUS Act asset for regulated stablecoins.
Reports said Securitize is handling the tokenization process. BlackRock previously worked with the firm on other tokenization initiatives.
Notably, BRSRV is not limited to one blockchain. The filing shows the product is structured as a multi-chain fund rather than a Solana-only offering.
Filing Adds Ethereum Fund And Treasury Assets
Alongside BRSRV, BlackRock also launched a separate tokenized fund, BSTBL, on Ethereum. Together, the products extend the firm's tokenized cash management offerings across public blockchain networks.
According to the SEC filing, tokenized shares will exist on Ethereum, Tempo, and Solana. Meanwhile, Securitize Transfer Agent will maintain ownership records across the supported networks.
The fund itself holds cash and short-term U.S. Treasury bills. However, it does not purchase cryptocurrency, according to the filing details.
Solana Joins Institutional Tokenization Push
BlackRock manages approximately $15 trillion in assets, according to reports. The latest filing adds Solana to the firm's blockchain infrastructure supporting tokenized financial products.
Meanwhile, Solana described the launch as an institutional use case for tokenized finance. However, the announcement did not disclose how much capital will enter the vehicle after launch.
The filing also arrived alongside broader institutional blockchain activity. Reports noted BlackRock's move followed recent tokenization initiatives across public networks, while the company continued expanding blockchain-based financial infrastructure through regulated products.
At the time reports circulated, Solana traded near $73.97, up 1.43% over 24 hours. Daily trading volume reached roughly $1.5 billion, increasing nearly 55% from the previous day.
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Brian Armstrong urged the Senate to pass the CLARITY Act, calling it a bipartisan framework for clear U.S. crypto regulation.
Senate consideration remained tied to unresolved ethics negotiations as lawmakers awaited a White House response before a vote.
The CLARITY Act would define oversight, registration standards and consumer protections for the U.S. digital asset industry.
Coinbase CEO Brian Armstrong renewed his call for the U.S. Senate to pass the CLARITY Act this week, arguing the bill reflects bipartisan work and growing voter interest in crypto regulation. His Aug. 3 remarks came as lawmakers awaited a White House response to a revised ethics proposal, while industry leaders continued pushing for Senate action before the August recess.
Senate Vote Hinges On Ethics Talks
Armstrong said one in four Americans now hold cryptocurrency and described CLARITY as a priority for many voters. According to him, voters are twice as likely to support candidates who back the legislation, regardless of political affiliation.
Coinbase also published a message stating, "America needs CLARITY." Meanwhile, Armstrong said the bill would establish clear crypto rules after years of bipartisan negotiations.
However, journalist Eleanor Terrett reported that the White House had not responded to an ethics counterproposal submitted last Thursday. According to her source, Senators Thom Tillis and Ruben Gallego sent the proposal, leaving the legislation's biggest unresolved issue unsettled before a possible vote.
Armstrong Details Proposed Framework
Armstrong said the legislation would expand U.S. oversight of digital asset businesses while strengthening consumer protections and law enforcement authority. He also said the proposal would create additional banking opportunities for the crypto industry.
Earlier, Senator Cynthia Lummis released updated CLARITY Act text combining work from the Senate Banking and Agriculture committees. The 616-page proposal assigns responsibilities to the Securities and Exchange Commission and Commodity Futures Trading Commission.
Notably, the bill also establishes registration standards for exchanges, brokers, dealers, custodians, and other intermediaries. It further addresses cybersecurity, bankruptcy protections, illicit finance, developer protections, digital asset kiosks, and international coordination.
Industry Awaits Senate Action
Support has also extended beyond Coinbase. SEC Chair Paul Atkins endorsed congressional legislation and offered the agency's technical assistance during the process.
Meanwhile, Stand With Crypto reported nearly 950,000 constituent contacts with lawmakers. The organization also said it would score every Senate CLARITY vote for more than three million advocates.
Kristin Smith, former Blockchain Association CEO and current Solana Institute president, said a motion to proceed remains possible this week. She added that a cloture vote could still happen before lawmakers begin the August recess.
Smith also noted that major legislation often faces delays before advancing. She pointed to the GENIUS Act, which failed an earlier cloture vote before later passing the Senate and becoming law.
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Galaxy Research identified 1,596 stolen Bitcoin across three confirmed Coldcard attack waves, with losses now exceeding $100 million.
Researchers said a suspected fourth attack wave could raise total losses to about 2,055 BTC, valued near $130 million if confirmed.
About 90% of the stolen Bitcoin remains unmoved as Galaxy Research works with law enforcement to trace attacker addresses.
Galaxy Research said confirmed losses linked to the Coldcard hack have surpassed $100 million after identifying 1,596 stolen Bitcoin across about 7,300 addresses. The research team published its latest findings in a detailed thread, stating that three confirmed attack waves account for the thefts, while a fourth suspected wave could push total losses to about 2,055 BTC, valued near $130 million.
Three Confirmed Waves Identified
According to Galaxy Research, engineers at Block first detected Wave 1. The team later confirmed that incident using reports submitted by affected users. Galaxy Research said victim reports also helped uncover Waves 2 and 3.
The firm added that new confirmations continue arriving as more users review their wallet activity. Most victims appeared in only one attack wave. However, the researchers said some addresses were affected in two separate waves.
The report also identified 14 smaller incidents beyond the three major attacks. According to Galaxy Research, those cases may involve different attackers exploiting the same known vulnerability.
Researchers Continue Tracing Stolen Bitcoin
Galaxy Research said 73 victims have contacted Alex Thorn for assistance with tracing stolen funds. Those reports helped investigators identify additional attacker and victim addresses.
The team also identified a possible fourth wave. However, Galaxy Research excluded it from the confirmed totals because victims have not yet verified their inclusion.
If confirmed, the suspected wave would increase estimated losses to about 2,055 BTC, worth roughly $130 million. The researchers said they hold medium-high confidence that the activity belongs to an attacker.
Most Stolen Coins Remain Unmoved
According to Galaxy Research, about 90% of the stolen Bitcoin has not moved on-chain. The report added that every coin stolen during Waves 1, 2, and 3 remains untouched.
Galaxy Research said it has shared confirmed attacker and victim addresses with U.S. federal law enforcement agencies, cryptocurrency exchanges, compliance firms, cyber investigation groups, and other relevant organizations.
The researchers also advised Coldcard users who remain uncertain about their wallet security to move funds to a fresh seed or a custodian or exchange. Meanwhile, they encouraged victims to contact Alex Thorn with drained wallet addresses and attacker transaction IDs to support ongoing tracing efforts.
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Morgan Stanley downgraded Circle to underweight and slashed its price target to $38 over weaker long-term USDC expectations.
The bank lowered USDC supply forecasts for 2027 and 2028, expecting slower reserve income growth and lower earnings margins.
Rising competition from tokenized funds, bank deposits and stablecoins added pressure as Circle shares fell about 6% after the report.
Circle shares fell after Morgan Stanley downgraded the stablecoin issuer to underweight from equal-weight and reduced its price target to $38 from $106. According to analyst James Faucette, the bank lowered its outlook because it expects slower USDC growth, weaker reserve income, and increasing competition across the digital dollar market. The downgrade came as investors continued reassessing Circle's long-term earnings prospects.
Morgan Stanley Lowers Earnings Forecast
Morgan Stanley said USDC remains Circle's largest revenue driver. However, the bank expects slower expansion in circulating supply to reduce income generated from reserve assets.
According to Faucette, Circle could increasingly rely on transaction revenue instead of reserve income. He added that transaction revenue carries lower margins than the company's traditional earnings model.
The bank also reduced its USDC supply forecasts by about 33% for 2027 and 44% for 2028. Consequently, Morgan Stanley's earnings estimates now sit roughly 3% below Wall Street consensus for 2027 and 20% below consensus for 2028.
Competition Adds Pressure
Morgan Stanley also highlighted rising competition across the stablecoin and tokenized finance sectors. The bank pointed to tokenized money market funds, tokenized bank deposits, and Open USD as growing alternatives.
On Monday, BlackRock expanded its tokenized finance offering by launching two blockchain-based money market products. Morgan Stanley said those products could increase competition for capital flowing into digital dollar ecosystems.
The bank also questioned Circle's progress in agentic payments. According to its research, daily transaction volume averaged about $41,900, while the implied average payment measured roughly 24 cents.
Analysts Remain Divided
The downgrade followed a recent bearish assessment from JPMorgan. That bank argued Circle's revised agreement with Hyperliquid weakened USDC's economic model while increasing competitive pressure with Coinbase.
However, not every Wall Street firm shares that outlook. TD Cowen initiated coverage of Circle with a buy rating and an $82 price target, citing opportunities in payments, treasury services, tokenized assets, and developer tools.
Following Morgan Stanley's report, Circle shares fell about 6%. The decline added to the stock's year-to-date losses as investors weighed changing earnings expectations against increasing competition in the stablecoin market.
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U.S. and Japan coordinated currency intervention renewed attention on efficient cross-border liquidity infrastructure and payment modernization efforts.
Ripple's expanding partnerships across Japan continue supporting long-term interest in blockchain-based settlement technology for global transfers.
XRP Outlook remains tied to payment innovation as traditional markets confront recurring foreign-exchange liquidity challenges worldwide.
XRP Outlook remains in focus after coordinated U.S.-Japan currency intervention renewed attention on cross-border liquidity infrastructure, while Ripple's payment network continues expanding across both financial markets.
U.S.-Japan Currency Action Renews Liquidity Discussion
X Finance Bull shared commentary following coordinated foreign-exchange intervention between both governments. The discussion centered on broader financial stability concerns. It also connected those developments with payment infrastructure.
https://twitter.com/Xfinancebull/status/2084097168869335342?s=20
Treasury Secretary Scott Bessent confirmed American participation alongside Japanese authorities. The intervention supported the weakening Japanese yen. Officials also indicated future action remains available if necessary.
The report explained why currency stability extends beyond financial markets. A weaker yen increases import costs across Japan. Businesses and households therefore experience additional economic pressure.
Large exchange-rate swings also affect global investment activity. Leveraged positions become more vulnerable during volatility. Financial authorities therefore continue monitoring international liquidity conditions closely.
Ripple Infrastructure Draws Fresh Market Attention
The shared commentary later shifted toward Ripple and the XRP Ledger. It clearly stated XRP was not used. Instead, the intervention illustrated growing demand for efficient settlement infrastructure.
Ripple continues developing technology supporting faster international value transfers. The XRP Ledger settles transactions within seconds. The network also reduces dependence on pre-funded correspondent banking accounts.
Japan remains one of Ripple's strongest international markets. SBI Holdings continues supporting Ripple through several ventures. SBI Ripple Asia and SBI Remit remain important components of that ecosystem.
Ripple and SBI Group also expanded their cooperation through RLUSD. SBI VC Trade introduced support for the stablecoin. Those developments strengthened Ripple's operational presence across Japan's regulated digital asset market.
Macro Narrative Shapes XRP Outlook
The commentary argues current monetary policy addresses immediate financial stability concerns. Ripple instead focuses on settlement efficiency. Both developments therefore address different parts of international finance.
Traditional intervention relies on central bank coordination and foreign-exchange operations. Blockchain payment infrastructure serves another purpose. It seeks to improve settlement speed and capital efficiency between institutions.
The report noted that repeated liquidity events encourage infrastructure modernization discussions. Financial institutions continue evaluating settlement technology. Cross-border payment efficiency remains an active area of development.
XRP, as discussed throughout the report, remains connected to Ripple's long-term infrastructure strategy rather than the intervention itself. No evidence suggests the currency operation involved XRP directly. Instead, the broader discussion keeps attention on payment modernization as governments manage evolving global liquidity conditions.
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