Key Takeaways XRP remains central to all activity on the XRP Ledger, with every RLUSD transfer, swap, and trade relying on XRP for settlement and fee payments.. Growing RLUSD adoption is contributing to a rise in XRP Ledger transaction counts, supporting XRP’s function as a bridge asset within the network. RLUSD-related activity is adding to…
Key Takeaways Taiwan passed the Virtual Asset Service Act on June 30, making the FSC the sole crypto regulator. Untrusted stablecoin issuers or unlicensed VASPs face up to 7 years in prison and $3.1M fines under the law. The FSC must draft roughly 9 pieces of secondary legislation to fully launch the rules by early…
Key Takeaways The SEC issued Release No. 33-11426 on June 30, 2026, asking 27 questions about novel exchange-traded funds (ETFs). Roundhill, Bitwise and GraniteShares paused about 24 event contract ETF filings in May 2026. Comments on File No. S7-2026-24 are due 60 days after Federal Register publication. SEC Opens Review With 27 Questions The agency…
Key Takeaways Flare scheduled a July 6-13 governance vote to deploy Confidential Compute on its Songbird network. The update adds programmable execution to the XRP Ledger, unlocking DeFi utilities for Ripple assets. Testing on Songbird will gather critical operational data before launching on the primary Flare mainnet. Enhancing Cross-Chain Consensus Blockchain platform Flare has scheduled…
Key Takeaways Bitcoin ETFs lost $231.10M as Blackrock’s IBIT drove an 8th straight outflow day. XRP ETFs gained $15.34M, showing demand shifting beyond bitcoin and ether. Bitwise led Solana and HYPE inflows, signaling selective crypto ETF interest. XRP ETFs Add $15 Million as Bitcoin and Ether Funds Lose Combined $261 Million The final stretch of…
Key Takeaways Centrifuge and New York Life Investment Management launched the tokenized HYB bond fund on June 30, 2026. New York Life Investment Management manages $807 billion in assets, marking its first tokenized product. Subscriptions and redemptions settle in USDC as more asset managers test onchain fund infrastructure. The company announced a partnership with New…
Key Takeaways The Nikkei 225 is poised for a 36% quarterly gain, its strongest in data dating back to 1965. A rebound in AI and semiconductor shares drove the index to records above 64,000 points. A weak yen, near its lowest since 1986, has amplified gains for Japan’s big exporters. A Historic Quarter in Tokyo…
Key Takeaways The yen fell to 162.27 per dollar on June 30, its weakest level against the greenback since 1986. A wide rate gap, the BOJ at 0.75% versus the Fed’s 3.50%-3.75%, keeps pressuring the currency. Japan spent a record 11.73 trillion yen ($72.4 billion) on intervention from late April to late May. A Four-Decade…
Strategy Inc. announced on June 29 the adoption of a Digital Credit Capital Framework that includes a program allowing the company to sell Bitcoin (BTC) to fund its operations and reserves. The framework consists of five main components: a U.S. dollar reserve policy, a revised dividend policy for its Variable Rate Series A Perpetual Stretch…
Key Takeaways Senate Banking Chair Tim Scott and Majority Leader John Thune are pushing for a CLARITY Act vote in July 2026. The bill needs 60 votes; Republicans hold 53 seats, requiring at least seven Democrats to cross over. Galaxy Research cut the odds of passage this year to 50%, citing a tight pre-recess calendar….
