Author: John Smith

The lobby representing JPMorgan, Goldman Sachs, and Citigroup has retained counsel to challenge the regulator that approved crypto’s bank charters. No suit has been filed. The threat is doing the work, and the fight underneath it decides who gets to be a bank in America. Summary The Bank Policy Institute, whose board includes the CEOs of JPMorgan, Goldman Sachs, and Citigroup, has retained outside counsel and is weighing a lawsuit against the OCC over national trust bank charters granted to crypto firms. The trigger was December’s batch of conditional approvals, Ripple, Circle, Paxos, BitGo, and Fidelity Digital Assets in a…

Satsuma Technology shareholders have approved plans to sell the company’s Bitcoin holdings, return most of its capital to investors and cancel its London listing.  Summary Satsuma shareholders backed Bitcoin liquidation and delisting with more than 90% support in both votes. The decision reverses a treasury strategy launched after a $218 million fundraising round last year. Satsuma plans court approval, capital distributions and a London delisting currently scheduled for September 14. The vote ends a treasury strategy that began less than a year ago with a large institutional fundraising round. At a July 20 general meeting, 90.63% of votes cast supported…

A U.S. House hearing has put the Commodity Futures Trading Commission’s staffing and authority at the center of the debate over prediction markets. Summary Lawyer Carl Kennedy says CFTC needs more resources as prediction markets expand across U.S. markets. CLARITY Act could broaden CFTC duties while lawmakers debate oversight of fast-growing event contract platforms. State lawsuits against Kalshi and Polymarket continue testing the boundary between federal and gambling regulators. Lawmakers on the House Agriculture Subcommittee on Commodity Markets, Digital Assets, and Rural Development met on July 21 to examine customer protection and market integrity in sports event prediction markets. Carl…

S&P Dow Jones Indices and Pantera Capital have launched the S&P Pantera Digital Asset Index, a new benchmark that selects digital assets using revenue, market size and liquidity measures.  Summary S&P and Pantera launched an 18-token index focused on revenue-generating digital assets for institutional investors. ETH, BNB, SOL, TRX and HYPE rank as the index’s five largest confirmed current holdings. The benchmark screens tokens by revenue, liquidity and market size before applying capped market-cap weightings. The firms announced the product on July 21, while S&P index materials list July 20 as its official launch date. The index currently holds 18…

Solana price has climbed to $78 after buyers defended support near $74, though repeated failures below $80 and lingering concern over the BONK governance attack have kept market sentiment cautious. Summary Solana price has recovered to $78 but must close above $80 to confirm a breakout. SOL trades above four key moving averages, while liquidity clusters could trigger a short squeeze. A loss of the $75.55 support would expose $72.50 and the June range floor near $67. According to data from crypto.news, Solana (SOL) price traded at $78.03 at press time, up marginally over the past 24 hours after moving…

Movement Labs has filed for Chapter 11 bankruptcy with no more than $500,000 in assets and liabilities that could reach $10 million following more than a year of turmoil around the MOVE token. Summary Movement Labs filed for Chapter 11 with up to $10 million in liabilities. Rushi Manche holds its largest unsecured claim, worth more than $1.6 million. Move Industries says its operations and Movement blockchain development remain unaffected. Court records show that MVMT Labs submitted its petition on July 15 in the U.S. Bankruptcy Court for the District of Delaware. The original developer of the Movement blockchain listed…

Bitcoin price has retreated from nearly $67,000 after escalating U.S.-Iran hostilities pushed oil prices higher and tempered optimism created by progress on the CLARITY Act. Summary Bitcoin pulled back after briefly touching $66,965 as sellers defended the $67,000 resistance level. CLARITY Act progress, ETF inflows and short liquidations fueled BTC’s rapid advance. Rising oil prices and the U.S.-Iran conflict threaten a sustained breakout toward $70,000. According to data from crypto.news, Bitcoin (BTC) price rose from an intraday low of $65,149 to $66,965 on July 21 before sellers forced the price back to about $66,440. The asset remained up 1.8% on…

MEXC has opened Bittensor’s TAO staking to its reported 40 million users through validator Yuma, adding exchange-based access to rewards from one of the largest decentralized artificial intelligence networks. Summary MEXC has launched TAO staking for its reported 40 million users through Yuma. Yuma will provide the validator infrastructure and manage staking allocations across Bittensor. The launch follows Yuma’s criticism of Bittensor’s proposed Root Reborn governance overhaul. Yuma announced on Tuesday that its validator infrastructure now powers TAO staking on MEXC, allowing the exchange’s customers to delegate the token without moving their holdings to a separate Bittensor-compatible wallet. Bittensor $TAO…

Senate negotiations over the CLARITY Act have produced new customer safeguards and an ethics agreement, raising Polymarket’s odds of enactment this year to 43% as lawmakers pursue a bipartisan floor vote. Summary John Thune sees a good chance of reaching a bipartisan CLARITY Act agreement. Democrats secured stronger customer protections, while lawmakers agreed on ethics provisions. Polymarket traders place the bill’s chance of becoming law in 2026 at 43%. CNBC reported that Democratic senators secured additional customer protection measures during negotiations over the Digital Asset Market Clarity Act, although unresolved details have continued to delay the release of the Senate’s…

Bitget has integrated Siebly.io software development kits covering two API systems and multiple trading products as the exchange seeks to reduce the work required to build crypto applications. Summary Bitget has added Siebly SDKs for its V3 Unified Account and V2 Classic APIs. Developers can build spot, futures, copy-trading and market-data applications with less integration work. The partnership supports Bitget’s strategy of connecting crypto, tokenized equities and real U.S. stocks. According to Bitget, the developer platform now provides SDKs for its V3 Unified Trading Account API and V2 Classic API. The software gives JavaScript and TypeScript developers ready-made access to…