Author: John Smith

JPMorgan has lowered its earnings forecasts for Circle and Coinbase after a new USDC revenue-sharing agreement with Hyperliquid changed how income from the stablecoin’s reserves will be divided. Summary JPMorgan cut earnings forecasts for Circle and Coinbase after the Hyperliquid USDC deal. The bank warned new revenue-sharing terms could pressure stablecoin profit margins. Analysts remain divided as higher interest rates may still support USDC earnings growth. According to a JPMorgan research note, the revised agreement could reduce the long-term profitability of the USDC business for both companies, even as they continue pursuing higher adoption of the dollar-backed stablecoin. JPMorgan Cuts…

Dogecoin price has climbed more than 2% after softer US inflation boosted risk appetite, even as Binance traders have offloaded $1.2 billion in memecoins since October. Summary Dogecoin price rose over 2% after US inflation eased to 3.5%, boosting demand for risk assets. CryptoQuant says Binance traders have sold $1.2 billion in memecoins since October 2025, weighing on DOGE. Technical charts show improving short-term momentum, but key resistance near $0.0755 still needs to break. According to CryptoQuant analyst Darkfost, traders have reduced memecoin exposure because they consider these assets the riskiest part of the crypto market. Although Dogecoin has joined…

Senator Thom Tillis has proposed new CLARITY Act language that would allow federal banking regulators to intervene if stablecoin yields trigger systemwide deposit flight from US banks. Summary Thom Tillis proposes a CLARITY Act “circuit-breaker” to address stablecoin-related deposit flight. Banking groups continue pressing for stricter stablecoin rules despite an earlier compromise. Cynthia Lummis says the Senate expects to release the CLARITY Act text within days. According to a report from Punchbowl, the North Carolina Republican has suggested adding a “circuit-breaker” provision to the Senate’s crypto market structure bill after concerns from banking groups continued to dominate negotiations over stablecoin…

Ripple-backed Evernorth has unveiled a $44 million CEO equity package in a fresh SEC filing while advancing its merger to create a Nasdaq-listed XRP treasury company. Summary Evernorth’s latest SEC filing includes a $44 million equity award for CEO Asheesh Birla. The amended filing advances Evernorth’s merger with Armada Acquisition Corp II and planned XRPN listing. Evernorth also launched a Japanese-language XRP information channel without announcing local operations. According to Evernorth Holdings’ fourth amended Form S-4 registration statement filed with the U.S. Securities and Exchange Commission, the company updated executive and director compensation arrangements while advancing the paperwork required for…

The United States Senate returned from its holiday recess on July 13 with one piece of paper waiting on its desk that matters more to crypto markets than any price chart. The Digital Asset Market Clarity Act, the market structure bill the industry has chased for the better part of two years, sits on the Senate Legislative Calendar with no floor vote scheduled, a shrinking window before the August recess, and prediction market odds that have collapsed from the low seventies to roughly 43 percent. On July 17, the House Financial Services Committee takes the unusual step of holding a…

Ethereum has remained below $1,800 as traders await U.S. inflation data despite growing expectations of a breakout above $1,850. Summary Ethereum remains below $1,800 as traders await U.S. CPI data and Fed signals. A breakout above $1,850 could trigger short liquidations and open a path toward $2,200. Analysts continue to back the bullish setup while $1,750 remains Ethereum’s key support. The second-largest cryptocurrency traded around $1,780 after briefly slipping toward $1,770 following the latest geopolitical flare-up in the Middle East. Oil prices jumped after the weekend strikes, reviving concerns that inflation could remain elevated ahead of the June CPI release…

South Korea has reaffirmed plans to expand its blockchain and digital asset sector in the second half of 2026, pairing new blockchain initiatives with legislation for stablecoins, tokenized government bonds, and spot crypto ETFs. Summary South Korea has renewed its blockchain roadmap with plans for stablecoin rules, tokenized government bonds, and spot crypto ETFs. Authorities will introduce the Digital Asset Basic Act and establish a legal framework for cross border stablecoin transactions. Blockchain projects remain part of the government’s economic strategy even as AI and semiconductor investment receive stronger policy support. South Korea’s Ministry of Economy and Finance said after…

Upbit will add Derive’s DRV token to its Korean won, Bitcoin and Tether markets on July 14. Summary Upbit adds DRV trading against KRW, BTC and USDT, expanding Derive’s access across South Korea. Derive migrated LYRA holders into DRV and now operates an onchain options and perpetuals exchange. DRV’s total supply now stands at 1.5 billion after a previously proposed strategic token mint. Trading is scheduled to open at 17:00 Korea Standard Time, giving the onchain derivatives protocol access to South Korean traders. The details appear in Upbit’s official DRV listing notice. The exchange said deposits and withdrawals will use…

HashKey Exchange, Shanghai Commercial Bank and Visa launched a co-branded credit card in Hong Kong.  Summary HashKey members can earn up to 4% rewards, converted monthly into HKD cash vouchers automatically. Cardholders may use vouchers to buy supported cryptocurrencies or offset trading fees on HashKey Exchange. Shanghai Commercial Bank issues the card, while Visa provides global payment acceptance and transaction infrastructure. Eligible HashKey Exchange members can apply for the Shanghai Commercial Bank HashKey Visa Signature Credit Card through the two companies’ mobile applications. The card links everyday spending with rewards that customers can use on the licensed exchange. The program…

The Digital Asset Market Clarity Act has secured support from a second law enforcement organization before a Senate push.  Summary FLEOA backed the CLARITY Act while requesting tighter accountability rules for decentralized finance platforms nationwide. The endorsement follows NOBLE’s support, giving the bill two major law enforcement backers before recess. Senators face an August deadline as disputes over developer protections and investigative powers remain unresolved. The Federal Law Enforcement Officers Association said it supports H.R. 3633 but wants lawmakers to revise several provisions before passage. In a July 10 statement, FLEOA said the bill “represents meaningful progress” toward balancing digital…