Author: John Smith

Bybit has launched a locally operated cryptocurrency platform in Indonesia following its majority acquisition of PT Enkripsi Teknologi Handal, formerly known as NOBI.  Summary Bybit launches Indonesia platform after acquiring NOBI, entering a regulated market with 21.07 million accounts. Bybit Indonesia will roll out more than 500 trading pairs while keeping local management leadership. OJK licensed 31 crypto entities by March, as Indonesia tightened oversight across its digital market. The company said the deal establishes Bybit Indonesia as a local entity operating under the supervision of the Financial Services Authority, or OJK. The exchange plans to introduce its services in…

Trump Media & Technology Group has unveiled a paid data service that will deliver real-time posts from Truth Social’s highest-ranking accounts to financial firms and news organizations. Summary Trump Media will sell real-time Truth Social posts through a licensed API for financial firms. President Trump’s 12.9 million-follower account gives the paid feed its main market appeal. Ethics experts question whether presidential information should generate revenue for a family-linked company. According to Trump Media, the Truth API will provide licensed access to public posts that may carry time-sensitive political, policy, or market information. The company plans to offer the feed to…

A White House teleprompter operator has been placed on paid leave after allegedly earning more than $90,000 from Kalshi bets tied to words President Donald Trump would use in his speeches. Summary The CFTC is investigating Gabriel Perez over more than $90,000 in reported Kalshi profits. Kalshi froze most of the gains after flagging bets tied to Trump’s speeches as suspicious. The case comes as Trump Media begins selling real-time Truth Social data to financial firms. According to an ABC News report, the Commodity Futures Trading Commission is investigating Gabriel Perez over trades placed in Kalshi’s “mentions” markets, where users…

President Donald Trump has promoted more than 20 companies, including Nvidia, Tesla and Apple, within days of purchasing their shares, according to a CNN investigation. Summary CNN linked Trump’s company promotions to stock purchases made only days earlier. Trump bought up to $500,000 in Nvidia shares before announcing faster AI permits. The findings have added pressure to include ethics rules in the CLARITY Act. CNN found that several Truth Social posts announced or praised government actions that could benefit companies held in Trump’s investment accounts. The report has renewed questions about whether his financial interests conflict with decisions made by…

T. Rowe Price, which manages nearly $2 trillion, has launched an actively managed crypto ETF holding nine digital assets, led by Bitcoin at almost 41%. Summary T. Rowe Price has launched TKNZ, the first actively managed multi-token spot crypto ETF. Bitcoin leads the nine-asset portfolio, followed by Ethereum and BNB. Eric Balchunas praised the firm’s decision to launch after October’s crypto selloff. According to a July 16 press release from T. Rowe Price, the Active Crypto ETF began trading on NYSE Arca under the ticker TKNZ. The asset manager described the product as the market’s first actively managed multi-token spot…

Former Fidelity fund manager George Noble has warned that an AI bubble crash could cause 17 times more damage than the dot-com collapse, which erased about $5 trillion from the Nasdaq. Summary George Noble warns an AI crash could cause 17 times more damage than the dot-com collapse. Polymarket traders have raised the odds of an AI bubble bursting in 2026 above 17%. Dalio and the U.S. Treasury identify liquidity and economic links as key risks. According to Polymarket, the probability of an AI bubble bursting in 2026 has climbed above 17% after recently falling from 30% to 14%. Contracts…

Coinbase and Ripple have secured EU-wide access through Luxembourg as MiCA’s July 1 deadline has pushed Binance and other unlicensed platforms to scale back services. Summary Coinbase and Ripple have secured EU-wide access through separate Luxembourg MiCA authorizations. Binance’s retreat has created an opening for licensed exchanges to capture migrating customers. USDT restrictions give USDC and RLUSD room to compete for European stablecoin volume. According to earlier reports, Binance withdrew its Greek license application and began suspending services in several European Union countries after the 18-month transitional period ended. The deadline requires crypto-asset service providers to obtain authorization before continuing…

President Donald Trump has convened key Republican senators at the White House as Ripple warned that rejecting the CLARITY Act would preserve regulatory gaps linked to the FTX collapse. Summary Trump will meet Republican senators to address disputes holding up the CLARITY Act. Ripple warned that rejecting the bill would leave major crypto regulatory gaps open. Polymarket places the bill’s chance of becoming law in 2026 at 36%. According to Politico, Trump is scheduled to meet several Republican senators on Thursday to discuss the crypto market structure bill and the remaining work needed to secure a Senate vote. Senator Bernie…

A stablecoin depeg is not one event. It is two very different events that look identical on a price chart, and confusing them is how traders lose money on coins that were never actually broken. Summary  A depeg happens when a stablecoin’s market price moves meaningfully away from its target, almost always one dollar, and does not quickly return. Drift of a fraction of a cent is normal and not a depeg. The distinction that matters is between a liquidity depeg, where the exchange price falls but redemption at the issuer still works, and a reserve depeg, where the backing…

Cantor and Securitize have formed a partnership to bring blockchain infrastructure directly into initial public offerings and follow-on stock sales, creating a pathway for companies to raise capital and issue securities onchain. Summary Cantor and Securitize will combine capital markets expertise with regulated infrastructure for blockchain-based public offerings. The partnership targets IPOs and follow-on offerings while keeping issuers within existing capital market frameworks. Securitize previously tokenized its own NYSE shares, providing an early model for issuer-sponsored digital securities. Under the agreement announced on July 15, Cantor will provide its equity capital markets and trading capabilities. Securitize will handle the infrastructure…