Lawmakers are expected to break in a matter of days, but there are still items on the legislative agenda to address, including two crypto bills passed by the House. US Republican lawmakers and President Donald Trump were able to overcome inter-party disputes to get three crypto bills passed through the House of Representatives last week, but some of the legislation still has a ways to go before it becomes law. After two long sessions in the House last week, on Thursday all but 12 Republicans and more than 100 Democrats voted yay on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, a bill to regulate payment stablecoins, which Trump signed into law about 24 hours later. The other two bills, the Digital Asset Market Clarity (CLARITY) Act and the Anti-CBDC (central bank digital currency) Surveillance State Act, will head to the Senate for consideration as both chambers prepare to break for an August recess. Read more
Block’s inclusion in the S&P 500 could indirectly increase equity investors' exposure to Bitcoin and the asset’s mainstream acceptance. Jack Dorsey's technology company Block joined the Standard & Poor’s 500 (S&P 500) index on Wednesday, marking the third public company with Bitcoin holdings to join the global benchmark. Block holds 8,584 Bitcoin (BTC) worth approximately $1 billion, according to BitcoinTreasuries.NET. That stash makes Block the 13th-largest corporate holder of BTC. The company's shares on the NYSE exchange have jumped nearly 14% over the past five days since the company announced it would join the S&P 500. Read more
XRP’s tight range trading resolved to the downside, but lower levels are expected to attract buyers. Key point: XRP’s drop below $3.40 opens the gate for a decline to $3. Would a solid bounce off $3 lead to aggressive buying from bulls? XRP (XRP) rose to a multi-year high above $3.66 on Friday, indicating aggressive buying by the bulls. That helped XRP’s market capitalization exceed that of the global fast-food giant McDonald’s on Monday. However, the failure to sustain the momentum may have tempted short-term buyers to book profits after the sharp run-up. Read more
The White House on Wednesday released its plan to make the United States a global leader in artificial intelligence research and development. US President Donald Trump released his plan to make the United States the “world capital” of artificial intelligence (AI) on Wednesday, outlining steps to ease data center regulations, revise federal content standards and prioritize government contracts for select AI developers. The report, published by the White House, presents a three-pillar plan, with initiatives to encourage open-source AI development for applications across law, healthcare, defense, science, education and manufacturing. One of the plan's key policy goals is to “protect freedom of speech" and online expression within AI models. According to the document, the free speech initiative will be led by the Department of Commerce (DOC), which will work with the National Institute of Standards and Technology (NIST) to “eliminate references to misinformation, Diversity, Equity, and Inclusion, and climate cha...
MoonPay introduces liquid staking for Solana as the network sees record staking activity, ETF inflows and major treasury buys from firms like DeFi Dev and Upexi. MoonPay, a fintech company specializing in crypto payments and Web3 infrastructure, has announced a new liquid staking program for Solana holders. The product will leverage liquid staking to earn users 8.49% annual yield on their SOL tokens. According to the company, users can stake as little as $1 in Solana (SOL) and receive a liquid staking token called mpSOL. Rewards are distributed approximately every two days, and users can unstake at any time without a lockup period. The feature is available starting July 23 everywhere except in the US state of New York and the European Economic Area (EEA). Read more