Author: John Smith

South Korea has approved plans to establish a new 20 trillion won investment account within its sovereign wealth fund to finance artificial intelligence, data centers and other strategic industries while allowing domestic investments for the first time. Summary South Korea approved a 20 trillion won sovereign investment account focused on AI, data centers and strategic industries. The new Korea Investment Corporation account will be allowed to invest in domestic assets for the first time. The government plans to submit legal amendments in August and expects the fund to begin operations in 2027. The announcement follows recent efforts to attract global…

The 2026 FIFA World Cup generated $20 billion in blockchain prediction-market volume from January through the tournament’s end, Chainalysis reported on July 30.  Summary $20 billion in prediction-market volume accumulated from January through the World Cup’s five-week tournament period. 400,000 wallets generated $5.7 billion during the tournament, representing 63% of prediction-market activity by volume. $24 million in FIFA Collect trades supported ticket access for more than 100,000 fans worldwide. The analytics firm said more than 400,000 wallets participated, while $5.7 billion was traded during the five-week event.The report also tracked $24 million in stablecoin-powered trading through FIFA Collect, the football…

The Senate released 616 pages merging two committee drafts into one bill. Here is what the combined text actually does, section by section. Summary Senate Republicans released updated CLARITY Act text on July 22, 2026, merging the Banking and Agriculture committee drafts into a single 616-page bill with more than 70 pages of new language, including a government ethics title negotiated with the White House. The bill divides digital assets into three statutory categories: digital commodities overseen by the CFTC, investment contract assets under the SEC, and permitted payment stablecoins governed by the GENIUS Act, with a maturity certification process…

Strategy reported an $8.33 billion second-quarter operating loss after Bitcoin’s 27% decline this year drove a sharp reduction in the value of its digital asset portfolio. Summary Strategy recorded an $8.32 billion unrealized digital asset loss during the second quarter. Its 843,775 BTC were worth $54.77 billion, below their $63.69 billion acquisition cost. The company posted an $8.22 billion net loss, equal to $24.45 per diluted share. A $3.75 billion dollar reserve provides 2.1 years of preferred dividend coverage under Strategy’s policy. Strategy’s Bitcoin decline drives $8.33B loss Bitcoin traded near $64,700 following Strategy’s earnings announcement, down from approximately $88,400…

Coinbase shares fell in extended trading after the crypto exchange reported a second-quarter loss and lower revenue, overshadowing record market share and growth across stablecoins and derivatives. Summary Coinbase reported a loss of $1.36 per share, reversing earnings of $5.14 a year earlier. Quarterly revenue fell to about $1.2 billion from $1.5 billion in the prior-year period. Coinbase captured a record 10.3% of global crypto trading volume during the quarter. COIN faced immediate support near $152, with the next downside level around $140. Coinbase revenue falls as quarterly loss returns Coinbase generated approximately $1.2 billion in second-quarter revenue, down 20%…

MoonPay has launched PayBox, a noncustodial payment vault that lets users prepare and execute crypto transactions or online purchases through ChatGPT and Claude. Summary PayBox connects with ChatGPT and Claude through custom connectors and natural-language commands. Users can buy, swap, bridge or deposit crypto and complete travel, dining and retail purchases. Passkey approvals and user-defined spending limits control what connected AI assistants can execute. MoonPay supports Solana and several EVM networks, including Ethereum, Base, Arbitrum and Polygon. MoonPay PayBox turns AI conversations into transactions PayBox allows users to connect a payment vault to ChatGPT or Anthropic’s Claude and describe a…

Crypto ownership in Canada has more than doubled since 2023, even as regulators warn that many investors still misunderstand platform protections and industry rules. Summary 25% of Canadians owned crypto in 2026, up from 10% in 2023. The Ontario Securities Commission survey found 59% of respondents were aware of crypto assets. Only about half of crypto owners checked whether their trading platform was registered. Canada is also considering bans on crypto ATMs and digital asset political donations. Canada crypto ownership more than doubles Canada’s cryptocurrency ownership rate rose to 25% in 2026 from 10% in 2023, according to new research…

XRP price rebounded toward $1.10 on July 30 as fresh ETF inflows and Aviva Investors’ move onto the XRP Ledger supported demand, although the charts show that sellers remain active near current levels. Summary XRP price rose 1.68% to $1.0917 on the daily chart after touching an intraday high of $1.0950. XRP ETFs recorded $584,000 in net inflows on July 29, ending a 4-day pause. The 4-hour chart places XRP at the $1.0908 Fibonacci resistance, with cash flow still negative. Liquidation clusters near $1.10 and $1.065 could shape the token’s next short-term move. XRP price rebounds but stays below daily…

A major U.S. police organization has endorsed the latest CLARITY Act draft, but unresolved disputes over political ethics, DeFi protections and stablecoin rewards continue to threaten its passage before the Senate recess. Summary Major Cities Chiefs Association endorsed the CLARITY Act after lawmakers added new enforcement provisions. Polymarket traders place the bill’s chance of becoming law in 2026 at 30%. Democrats and prosecutors continue to seek changes to the bill’s DeFi developer protections. Banks support federal crypto rules but want tighter restrictions on stablecoin rewards and yield. Major Cities Chiefs Association backs CLARITY Act The Major Cities Chiefs Association endorsed…

A decade of tokenized equity pitches promised global access to American stocks. The use case that finally moved volume is pairing them against memecoins on a brokerage’s own chain, and it just pushed Robinhood Chain past Solana in tokenized stock trading. Nobody planned this. Summary Since mid-July, launch platforms Bankr and long.xyz have let users issue memecoins backed by tokenized stock liquidity across more than 90 tickers on Robinhood Chain. DEX Screener now shows memecoins trading against tokenized NVDA, TSLA, INTC, RBLX, and SPCX among the chain’s top 100 pools. That mechanism has pushed Robinhood Chain past Solana in tokenized…