Wall Street 3.0 replaces legacy systems and gatekeepers with tokenized equity, global inclusion and real-time trading, ushering in a new era of financial democratization and efficiency. Opinion by: Koshiek Karan, founder of BankerX A seismic shift is underway: suits are giving way to smart contracts, trading floors to token pools and bankers to builders. Just as the internet democratized access to information, blockchain is set to decentralize ownership and redistribute financial power. Read more
Crypto exchanges listed the TRUMP memecoin four days after its launch on average, compared to 129 days for other major memecoins, Reuters found. US President Donald Trump’s cryptocurrency venture, the Official Trump (TRUMP) memecoin, has generated multimillion-dollar gains for crypto exchanges, in addition to profits for its creators. Launched just about six months ago, the TRUMP memecoin has generated at least $172 million in trading fees for 10 crypto exchanges, including Binance, Coinbase, OKX and more, according to a Reuters report on Monday. In listing TRUMP, some exchanges reportedly disregarded the fact that 80% of the coin’s supply was held by the Trump family and its partners, an issue they’d previously seen as a red flag for exchanges due to its concentrated supply. Read more
US House leaders have designated this week as “crypto week,” during which lawmakers will vote on three major digital asset bills. Here's what to expect. It’s officially “Crypto Week,” a multi-day event where leaders in the US House of Representatives hope to vote on three cryptocurrency bills expected to bolster the national crypto industry. The CLARITY Act, the GENIUS Act and the Anti-CBDC Surveillance State Act are expected to go through debate, amendments and a final vote over the coming days. “Crypto Week” was announced by French Hill, chair of the House Committee on Financial Services, on July 3. Hill said the legislation would establish “a clear regulatory framework for digital assets,” as well as set the ground rules for dollar-pegged stablecoin issuance, and aims to block central bank digital currency (CBDC) issuance “to safeguard Americans’ financial privacy.” Read more
The UAE is attracting a global wave of crypto millionaires with zero-tax profits, regulatory clarity and elite residency perks. With no personal income or capital gains tax and recent VAT exemptions on crypto transactions, the UAE provides an unmatched financial incentive for crypto investors. Dubai’s VARA and Abu Dhabi’s FSRA lead with retail and institutional frameworks, while RAK, Sharjah and others are developing tailored zones and policies for Web3 innovation. Free zones like DMCC, ADGM and DIFC offer business-ready ecosystems, while high-speed internet, 5G and cloud services make the UAE a plug-and-play hub for crypto firms. Read more
Crypto-focused asset manager Grayscale's IPO may enable it to seek out new funding avenues such as stock or convertible note offerings. Cryptocurrency-focused asset manager and exchange-traded fund (ETF) issuer Grayscale joined a growing list of crypto companies seeking to launch IPOs in the United States. On Monday, Grayscale said it had filed to list its company shares with the Securities and Exchange Commission (SEC) under a new clause that enables confidential filings ahead of a final public offering. Entering public markets would enable Grayscale to seek more funding opportunities through strategies such as public stock offerings, which was leveraged by Michael Saylor’s Strategy, or convertible note offerings, such as GameStop’s $2.25 billion offering from June 13. Read more
By securing a national trust charter, USDC’s issuer, Circle, plans to directly manage its $62-bilion reserves. Circle, the fintech firm behind USDC, has filed an application with the Office of the Comptroller of the Currency (OCC) to establish America’s first digital currency bank, a national trust institution that would bring stablecoins fully into the federally regulated financial system. The proposed entity, First National Digital Currency Bank, wouldn’t operate like a traditional consumer bank. It wouldn’t offer deposits or loans. Instead, it would focus on Circle USDC trust bank functions: safeguarding USDC (USDC) reserves, managing cash and short-term Treasury holdings and offering digital asset custody services to institutional clients. Read more
Bitcoin hit new all-time highs above $122,000 on Monday, up 29% in 2025, overtaking gold’s 27% gains year to date. Key takeaways: Bitcoin's new highs above $122,000 translate to 29% year-to-date gains, overtaking gold’s 27%. BTC price uptrend remains resilient as an ascending parallel channel targets $125,000 next. Read more