YZi Labs, a global investment firm with a $10 billion portfolio across web3, AI, and biotech, announced its support for 10X Capital’s latest initiative: the launch of the BNB Treasury Company. This new U.S.-based firm will focus on BNB asset accumulation and ecosystem support, with plans to pursue a public listing on a major U.S. stock exchange.
At the epicenter of this legislative maelstrom are three major proposals, each a veritable tempest in its own teapot. The GENIUS Act, having already secured the Senate’s seal of approval, is on the cusp of becoming the nation’s first law to govern the enigmatic world of stablecoins. This act seeks to establish a clear and coherent framework for the issuance and oversight of these digital tokens, thereby providing the sector with the long-sought-after legal certainty it so desperately craves. Complementing this is the CLARITY Act, a legislative marvel designed to resolve the jurisdictional quagmire that has long plagued the relationship between the SEC and the CFTC, delineating with surgical precision the regulatory boundaries of each.
In a spirited rebuttal on X, Zhao branded the article a “hit piece (sponsored by a competitor)” riddled with “so many factual errors” that he “doesn’t even know where to begin.” With a hint of a smile, he added, “Might have to sue them again for defamation.” 📜
They’re saying RLUSD is going to be the hero of the $685 billion remittance market, which is like saying it’s going to be the new black, but for money. 🤑
Among the major altcoins, $XRP took the lead with a more than 12% surge. Ethereum and Solana also showed a strong performance with 5% and 3% gains in the last 24 hours, respectively. This could be attributed to the upcoming Crypto Week in the US. 🇺🇸
According to the ever-serious Keyrock report, these brave companies, like Marathon Digital and the elusive Nakamoto, are in a bit of a pickle! They proudly hold over 725,000 shiny coins of Bitcoin, but they’ve decided to play games with borrowed nickels and dimes, depending on the fickle world of capital markets and negative cash flows. Talk about a slippery slope! 😱💸
Sun, with the flair of a modern-day Don Quixote, is rapidly ascending the ranks of Trump’s financial backers, positioning himself as a formidable rival to Musk, who has long been a vocal and generous supporter of the US President. This latest salvo in the crypto wars was launched through TronDAO, a platform that seems to exist solely to make headlines and baffle the uninitiated. 🤔
In a surprise announcement, Coinbase is now welcoming Sky (SKY), formerly known as MakerDAO, and its associated stablecoin USDS (USDS) into its digital asset family. 🎉
But now, Hayes is all about that altcoin life. On July 11, he posted on X (because who needs Twitter, am I right?) about why he’s suddenly feeling bullish. And with Bitcoin hitting a new all-time high of $118,869 and $122B in trading volumes, it’s hard to blame him.
Lo and behold! The U.S. Senate, in its infinite wisdom, has confirmed Jonathan Gould as the new overlord of the OCC. Such a pivotal role in America’s financial theater, where actors known as banks tread lightly upon the stage of regulatory drama, has now been bestowed upon him by a rather close 50-45 vote. Apparently, the fate of crypto regulation was hanging by the thinnest of threads, one more frayed than a cat’s favorite toy. 🎭
