Cryptonews

“We’re absolutely going to compete with Coinbase,” Wurster declares. “If you’re buying crypto there, you should be buying it here. We’re the trusted name in finance, after all.”

Apparently, the governments of the world (bless their bureaucratic hearts) have decided stablecoins aren’t completely terrible. The U.S. Congress actually approved something (the GENIUS Act – sounds promising, doesn’t it? 🧐) and Europe decided to get its crypto act together with MiCA. Even Singapore, Hong Kong, and the UAE are jumpin’ on the bandwagon! It’s a global conspiracy to make digital money… functional! Who knew?

The digital etherium, a fantastical brew of code, has lately engaged in a most remarkable frolic! In the span of a month, it hath ascended by nigh 47%, and recently brushed against the sum of 3,609. A price most exalted, exceeding that of two years past! This has captured the gaze of both those who dabble in cryptocurrency and the venerable houses of finance. 🏛️

Bit Digital, that peculiar creature of Nasdaq (ticker: BTBT, or as we like to call it, “БТБТ”), has somehow convinced institutional investors to part with $67.3 million, which it promptly exchanged for 19,683 ETH—because why not? 🤷‍♂️ According to their official proclamation, this brings their total ETH holdings to a cool 120,306. At this rate, they’ll soon be running their own shadow Ethereum state. 🇪🇹

This historic tidal wave came less than 24 hours after Ethereum ETFs shattered their own single-day record with a jaw-dropping $726 million haul. Cumulative holdings now hover just under five million ETH, while Ether’s price soared above $3,400 for the first time since January. One might say Ethereum is flexing harder than a gym bro on Instagram. 💪💸

Arkham Intelligence, those purveyors of secrets (and perhaps a few fabrications, who knows?), assure us that BlackRock has poured a rather impressive $547 million into the ether. A veritable deluge! While simultaneously managing a mere $497 million for Bitcoin. A single day, dear reader! A single day of trading, and the balance of the crypto universe is subtly, yet irrevocably, shifted. Adjusted for market cap, it’s…astonishing. One might even say, almost theatrical. 🎭

With the law now in place, attention shifts to regulators, who must define issuer qualifications and build out enforcement rules. Though firms like Tether and Circle currently dominate the market, interest from traditional financial institutions is expected to accelerate as regulatory clarity improves. 💸🚀

The Minneapolis-based online gaming marketing company, known for its bold moves and even bolder statements, disclosed this audacious plan in a Securities and Exchange Commission (SEC) filing this week. The new shares supplement an existing $1 billion stock sales program, raising the total potential offering under its agreement with sales agent A.G.P./Alliance Global Partners to a staggering $6 billion. Imagine that—$6 billion! That’s enough to buy a small country, or at least a few islands in the Caribbean. 🌴🌊

Officially titled the Guiding and Establishing National Innovation for US Stablecoins Act, the bill creates a sweeping framework for overseeing stablecoins—digital tokens pegged to traditional assets like the U.S. dollar. Passed with bipartisan support, the law establishes licensing standards, reserve requirements, and oversight mechanisms for issuers, while also barring interest-bearing stablecoins and imposing ethics rules on government officials. Seen as a breakthrough by the crypto industry, the act aims to spur innovation while enforcing guardrails for consumer protection. Despite criticism from Democrats over regulatory gaps and Trump’s personal crypto holdings, the White House hailed the measure as essential for preserving U.S. financial dominance. The law will take effect by early 2027, pending final rules from the Treasury and Federal Reserve.

Ethereum (ETH) is staging a positively riotous rally this July, surging over 44% in the last month and a cheeky 5% in the past day, scaling peaks at $3,640 before a modest retreat to $3,570. This frenzy owes much to the largesse of institutions, the buzz around ETFs, and the insatiable appetite for DeFi playgrounds and Layer 2 escapades like Arbitrum and Optimism. How very modern! 🚀