Author: John Smith

Ripple CTO Emeritus David Schwartz has admitted that he regrets selling some of his early XRP and Ethereum holdings, while explaining that risk management drove the decisions rather than a loss of confidence in cryptocurrency. Summary David Schwartz says risk aversion drove early XRP and Ethereum sales despite later price gains. Schwartz followed a family agreement to sell at new highs, reducing long-term crypto exposure substantially. The XRP Ledger co-creator once held about 26 million XRP before steadily cutting holdings down. Schwartz addressed the sales in a July 20 post on X after another user raised his history of selling…

Tether Gold has gained commodity status in Abu Dhabi, as DefiLlama data shows XAUT’s locked value has climbed more than threefold to about $2.86 billion over the past year. Summary ADGM recognized Tether Gold as an Accepted Spot Commodity for approved regulated firms. XAUT’s locked value more than tripled over the past year to $2.86 billion. Tether is expanding across tokenized gold, US payroll payments and Latin American banking. Abu Dhabi Global Market has recognized XAUT as an Accepted Spot Commodity, allowing regulated firms in the international financial center to provide services involving the tokenized gold asset when they hold…

Exodus Movement has cut about 25% of its global workforce as the crypto wallet company reorganizes around a full-stack stablecoin payments platform. Summary Exodus has cut 25% of its global workforce, potentially affecting about 54 employees. The company expects $10 million to $13 million in annual savings by 2027. Exodus is integrating Monavate and Baanx to build its stablecoin payments and card platform. According to a July 17 company notice filed with the U.S. Securities and Exchange Commission, the reduction will align Exodus’s costs and staffing priorities with its card issuance and payments strategy. The company also cited current market…

Coinbase has backed a tougher CLARITY Act after Senate Democrats added customer safeguards, even as its 2026 approval odds have fallen to 31% on Polymarket amid a dispute over ethics rules involving President Donald Trump. Summary Coinbase backs the revised CLARITY Act after Democrats secured stronger customer protections. White House resistance to crypto ethics rules threatens a Senate vote before August. Polymarket traders place the bill’s chance of becoming law in 2026 at 31%. Coinbase vice chair Ryan VanGrack told CNBC on Monday that Democrats had secured stronger consumer protections during closed-door negotiations over the bill’s final Senate text. He…

Dogecoin price has held near $0.073 after whales accumulated 200 million DOGE and futures open interest climbed 3.74% to $1.08 billion. Summary Dogecoin whales accumulated 200 million DOGE worth roughly $14 million through Robinhood. Futures open interest rose 3.74% to $1.08 billion as derivatives volume jumped 114%. DOGE must clear $0.07539 and $0.07965 to confirm a stronger bullish reversal. CoinGlass’s three-day liquidation heatmap shows DOGE trading between large leveraged-position clusters near $0.074 and $0.071, leaving the meme coin exposed to volatility in either direction. At the time the charts were captured, Dogecoin traded near $0.0732 after gaining about 1% on…

U.S. regulators have missed the GENIUS Act’s one-year rulemaking deadline, leaving the federal stablecoin framework awaiting final implementation even as industry participants say the law has already accelerated institutional adoption. Summary U.S. regulators missed the GENIUS Act’s one year deadline to finalize key stablecoin rules, leaving several major proposals still under review. Industry participants said the law has already encouraged institutional stablecoin adoption, but unfinished rulemaking continues to create compliance uncertainty. Former SEC counsel Ashley Ebersole said the GENIUS Act established a strong legal framework but has fallen short in implementation because regulators missed the deadline. According to federal rulemaking…

Crypto venture funding has reached $1.2 billion in July even as DeFi investment has fallen to its lowest quarterly level since late 2023. Summary Crypto startups have raised $1.2 billion in July despite a sharp decline in deal activity. Coinbase Ventures led investor activity as exchanges, prediction markets, payments and AI attracted major funding. DeFi funding fell for three straight quarters, with deal numbers reaching their lowest since 2020. CryptoRank data shows that investors completed roughly 25 funding rounds in July as of July 20, keeping capital active despite a sharp decline in the number of announced deals. Monthly fundraising…

Cardano price remained under pressure on Monday despite the activation of the network’s van Rossem hard fork, leaving ADA traders focused on whether the token can break through its next major resistance zone. Summary Cardano remains near $0.16 as weak momentum limits gains following the van Rossem hard fork. ADA must reclaim $0.17 and $0.19 before the broader downtrend shows clearer signs of reversing. Positive funding offers support, but a sub-one long-short ratio shows traders remain cautious about recovery. ADA was trading near $0.162 at the time of writing, down around 2% over 24 hours. The token has remained broadly…

The FDIC protects bank depositors, and through a mechanism called pass-through insurance, it can protect people who hold money through intermediaries. Stablecoin holders assumed they were next in line. The FDIC has now said, in a speech and a proposal, that they are not, and the reasons teach you exactly what a stablecoin is. Summary Pass-through deposit insurance extends FDIC protection through an intermediary to the underlying owners of money, which is how fintech app balances held in custodial bank accounts can be insured even though the app is not a bank. It only works when strict conditions are met:…

In one week, Bitcoin sat still through missile strikes in the Strait of Hormuz and then fell with Asian chip stocks. The war test and the tech test gave opposite answers about what Bitcoin is, and both answers are correct. Working out how is the most useful thing a holder can do right now. Summary Bitcoin held a tight range near $63,000 through a weekend of US strikes on Iran and renewed missile attacks on shipping in the Strait of Hormuz, a marked change for an asset that once sold off on a single Hormuz headline. Days later it fell…