Author: John Smith
Sometime in the week of July 13, according to people briefed on the negotiations, Senate staff will release a unified draft of the Digital Asset Market Clarity Act, merging months of parallel work by the Banking and Agriculture Committees into a single text reportedly more than 70 pages longer than either predecessor. Floor action is targeted for the week of July 20. The Senate leaves for its August recess on the 7th, and a defense spending bill is competing for the floor time in between. Senator Cynthia Lummis, the chamber’s lead crypto legislator, has stated the stakes without decoration: this…
On July 8, Paul Grewal notified Coinbase that he was resigning as chief legal officer and corporate secretary, effective July 31. The company disclosed the departure in an 8-K filing the next day, and by Thursday evening the announcement had rolled through crypto media with the tone usually reserved for a retiring general. Grewal will move into an advisory role from August 1 through October 31, collect a lump sum equal to 3 months of base salary when the advisory period ends, keep the restricted stock units scheduled to vest on August 20, and remain on the board of Coinbase…
On July 6, Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier, upgraded Ripple’s preliminary Crypto-Asset Service Provider authorization into a full license under the European Union’s Markets in Crypto-Assets framework. The approval means Ripple can passport regulated crypto services across all 30 countries of the European Economic Area, from Lisbon to Helsinki, under a single national authorization. Cassie Craddock, Ripple’s managing director for the UK and Europe, framed the moment plainly: the company enters the post-transitional MiCA era fully compliant and ready to scale. Summary Ripple secured a full MiCA license in Luxembourg, allowing it to offer regulated…
Tom Lee has reaffirmed that Ethereum will play the central role as traditional finance and cryptocurrency converge into a single market. Summary Tom Lee says traditional finance and crypto will eventually merge into one market, with Ethereum at the center. His comments come as Bitmine’s Ethereum treasury has grown to 5.74 million ETH, equal to 4.8% of the total supply. Lee also links Ethereum’s outlook to the CLARITY Act and expanding layer-2 payment activity involving Visa and Shopify. According to a post published by Bitmine chairman Tom Lee on X, he believes the line separating traditional financial markets and digital…
Binance’s monthly futures trading volume has climbed to about $1.63 trillion in June, reaching its highest level of 2026 despite cautious crypto market sentiment and the seasonal slowdown that usually weighs on trading activity. Summary Binance’s June futures trading volume climbed to $1.63 trillion, the highest level of 2026. CryptoQuant said derivatives activity stayed strong despite cautious Bitcoin sentiment and the summer slowdown. U.S. regulators continue reviewing crypto derivatives as trading activity remains elevated across major markets. According to CryptoQuant analyst JA Maartun, Binance recorded roughly $1.63 trillion in futures trading volume during June, even as Bitcoin continued to trade…
Robinhood Chain has processed 7.6 million daily transactions just 11 days after its mainnet launch, narrowing the gap with Coinbase’s Base and accelerating competition among Ethereum Layer 2 networks. Summary Robinhood Chain processed 7.6 million daily transactions just 11 days after its mainnet launch. Free gas subsidies and tokenized stocks have helped narrow the activity gap with Coinbase’s Base. Investors are watching whether network usage remains strong after fee subsidies end in September. According to on-chain data shared by MSBIntel and verified by Token Terminal, Robinhood Chain recorded 7.6 million transactions in a single day on July 11, while Base…
Hong Kong Interbank Clearing Limited has uncovered multiple counterfeit websites that use cash rewards and virtual wallet transactions to steal personal and banking information from users. Summary HKICL has warned of fake websites using cash rewards and virtual wallets to steal personal and banking information. The clearing company said the scam sites falsely pose as official FPS service providers and have no connection to HKICL. The warning comes as Hong Kong regulators tighten crypto security rules and crack down on suspicious trading platforms. According to a July 10 notice from Hong Kong Interbank Clearing Limited (HKICL), the fraudulent websites impersonate…
Hedera’s native token HBAR has fallen more than 2% after blockchain security researchers reported that a suspected exploit had moved more than $5.8 million in assets from the Hedera network to Ethereum. Summary Suspected Hedera exploit moved more than $5.8 million in assets to Ethereum, according to blockchain security researchers. Specter and PeckShield said the attacker bridged funds through LayerZero before swapping WBTC for ETH. HBAR fell more than 2%, trading near $0.069 as the reported exploit unfolded. According to blockchain security researcher Specter, the suspected attacker had already bridged more than $3.7 million worth of assets from Hedera to…
Robinhood has introduced plans to let eligible U.S. customers authorize AI agents to execute cryptocurrency trades on their behalf, extending automated investing beyond stocks and options. Summary Robinhood plans to let eligible U.S. users authorize AI agents to execute crypto trades. Robinhood Chain topped $115 million in TVL and reached $500 million in daily Uniswap volume. Blockchain AI payments are expanding, though onchain transaction volumes remain relatively small. Robinhood said during a Friday presentation that the upcoming feature will allow eligible U.S.-based crypto users to connect third-party AI agents capable of managing trades within user-defined limits. The company did not…
Pi Network entered July 2026 at a fresh all-time low near $0.10, its most oversold reading since launch, facing a supply-and-demand collision the whole market is watching. On the supply side, 103.7 million tokens unlock this month. On the demand side, a set of Pi2Day product launches promises to create real utility for the first time. This is the levels, the collision at the center of the forecast, and the honest case on both sides for a token at its lowest ebb. Summary Pi Network enters July near $0.10 as 103.7 million token unlocks threaten to increase selling pressure. Three…