Author: John Smith
Thailand’s central bank plans stricter checks on large cash deposits and high-value stablecoin transactions as part of a campaign against hidden capital flows. The Bank of Thailand will require customers depositing 5 million baht, about $150,000, or more in cash to explain and document where the money came from. Officials expect the rules to begin in the fourth quarter of 2026. Summary Thailand will require source checks for cash deposits worth five million baht or more nationwide. Regulators are reviewing large USDT trades for hidden ownership and bypassed domestic remittance channels now. Existing withdrawal checks cut high-value cash activity, prompting…
Strategy executive chairman Michael Saylor described Bitcoin as an “emergent network” shaped by three groups. In a post on X, he said wallets carry weight through the satoshis they hold. Nodes gain weight through the commerce they serve, while miners gain weight through the hashrate they provide. He added that capital, consensus, and security remain in “dynamic equilibrium.” Bitcoin is an emergent network of wallets weighted by satoshis, nodes weighted by commerce, and miners weighted by hashrate, with capital, consensus, and security held in dynamic equilibrium. $BTC— Michael Saylor (@saylor) July 12, 2026 Summary Saylor says Bitcoin balances holder capital,…
EDX Markets closed a $76 million Series C funding round led by Japan’s SBI Holdings. The Chicago-based company announced the deal on July 7, 2026. EDX said it will use the capital to expand trading, clearing, and settlement services. It also plans to speed up product development and grow its operations outside the United States. Summary SBI led EDX Markets’ $76 million round to expand institutional crypto trading and clearing worldwide. EDX will fund product growth, global expansion, settlement services, and its planned national trust bank. Ripple Prime integration gives institutions unified access to EDX spot markets and perpetual futures…
Ripple CEO Brad Garlinghouse said the company seriously considered closing after the U.S. Securities and Exchange Commission sued it in December 2020. He said he and co-founder Chris Larsen discussed distributing Ripple’s XRP holdings to shareholders on a pro rata basis and dissolving the business. Garlinghouse described that choice as the easier path against an agency with “infinite power and resources.” Summary Ripple considered dissolving and distributing XRP to shareholders before choosing to fight the SEC lawsuit. Garlinghouse said the company protected hundreds of jobs despite spending about $150 million on litigation. The case ended in 2025, while Ripple’s penalty…
Empery has sold 1,400 Bitcoin for about $87.1 million since May, using the proceeds to reduce debt, fund acquisitions, cover legal costs, and strengthen its cash position while scaling back part of its Bitcoin treasury. Summary Empery sold 1,400 BTC for $87.1 million to reduce debt and fund operations. The company now holds 1,514 BTC and about $73.9 million in cash. Capital B and Nakamoto are pursuing different Bitcoin treasury strategies through financing and refinancing. Bitcoin sales have strengthened Empery’s balance sheet According to Empery, the Nasdaq-listed company sold the 1,400 BTC between May 7 and July 10 at an…
Morgan Stanley has increased its Bitcoin holdings by nearly 1,000 BTC over the past two weeks, lifting its tracked balance above 5,700 BTC, according to on-chain data. Summary Morgan Stanley added nearly 1,000 BTC over the past two weeks, pushing its tracked holdings to 5,761 BTC. Arkham data shows the accumulation came through multiple large transfers from Coinbase Prime rather than a single purchase. The latest buying follows Morgan Stanley’s June crypto expansion with Galaxy Digital, allowing eligible clients to convert crypto into spot investment products. According to blockchain intelligence platform Arkham, the investment bank continued adding Bitcoin through its…
In the last week of June, XRP printed its weakest price since late 2024, briefly touching $1.01 before stabilizing in the $1.05 to $1.13 range where it has traded through early July. The token is down more than 25% for the year and roughly 65% below the $3.65 cycle high it set in July 2025. On the same June days that the chart broke down, tokenized real-world assets on the XRP Ledger crossed $3.5 billion, more than triple the level at which they started the year, spot XRP exchange-traded funds extended a net inflow streak that would reach eight consecutive…
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…