Key Takeaways The US House passed President Trump’s spending bill on Thursday; it’s now heading to Trump for his signature. The legislation includes tax cuts, increased discretionary spending, and safety-net program reductions. Share this article President Donald Trump’s flagship tax-and-spending legislation, the “Big Beautiful Bill,” cleared Congress on July 3 after passing the House of…
It only took one day for the US Securities and Exchange Commission (SEC) to walk back on an approval given to Grayscale Digital Large Cap Fund (GDLC) to convert to an exchange-traded fund (ETF), inadvertently halting its launch. On 1 July 2025, the SEC shared a letter stating its intention to again review the recent…
TL;DR The penguin-themed meme coin reached a two-month high, while its market cap exceeded $1 billion. Analysts see potential for further gains, with Ali Martinez noting striking similarities between PENGU’s current trajectory and PEPE’s past breakout. PENGU’s Rally The Solana-based Pudgy Penguins (PENGU), which saw the light of day towards the end of last year,…
In June, crypto markets rose modestly, but stablecoins were the big winners, according to a report by Binance Research. Markets remained bullish but volatile throughout the month, while stablecoins became a focal point. On Thursday, July 3, Binance Research published a report outlining key trends from the past month. Most notably, stablecoin volume reached $253.7…
Key Takeaways The IMF rejected Pakistan’s proposal to offer subsidized electricity rates for crypto mining and energy-intensive industries. Despite electricity surpluses, the IMF is concerned about market distortions and has only approved limited relief plans for the power sector. Share this article The International Monetary Fund (IMF) has dismissed Pakistan’s proposal to lower electricity costs…
BlackRock’s spot Bitcoin ETF, trading under the ticker IBIT, have overtaken BlackRock flagship S&P 500 ETF (IVV) in annual revenue generation. Despite being a fraction of its size in terms of assets under management, IBIT’s surge is pivotal. It indicates an increase in institutional demand for regulated Bitcoin exposure. According to 2 July 2025 Bloomberg…
The development team will feature industry veterans who have worked for Sony, Amazon, Riot, Blizzard, Ubisoft, and Epic. The games they have worked on include Call of Duty, Valorant, Fortnite, Planetside 2, and other similar shooters. The choice of blockchain for the game economy bolsters robust smart contract functionality, sustainability, and support for complex decentralized…
China’s leading tech giants JD.com and Ant Group are actively lobbying Chinese regulators as part of a push to counter the U.S. dollar’s growing digital dominance. Both companies have urged the People’s Bank of China to authorize the issuance of stablecoins based on the offshore yuan in Hong Kong, sources familiar with the matter told…
Key Takeaways Ripple CEO clarified that the firm has no direct business relationship with Linqto and that Linqto purchased Ripple shares only in the secondary market. Linqto faces fraud and securities law investigations over undisclosed markups and improper share sales, resulting in investor account lockouts. Share this article Ripple CEO Brad Garlinghouse has publicly denied…
XRP crypto bulls are targeting $3. Ripple, the issuer of RLUSD stablecoin, has submitted an application to the OCC for a national banking license. Yesterday, XRP crypto surged, closing above $2.20 and extending gains initiated on June 23. At this pace, XRP ▲4.02% not only solidified its position as one of the best cryptos to…
