Stablecoins
Deals
Bitcoin Standard to go public on Nasdaq with 30,021 Bitcoin treasury following Cantor merger
BSTR plans to launch with 30,021 BTC and up to $1.5 billion in fiat PIPE financing, adding Bitcoin veterans as executives.
Legislation
Congress moves forward on digital asset regulations with GENIUS, CLARITY Acts
The Clarity Act will be reviewed by the Senate as the next step, while the GENIUS Act was sent to President Donald Trump, who plans to sign it into law on July 18.
ETF
Nasdaq applies to include staking in BlackRock’s Ethereum ETF as SEC weighs broader industry requests
BlackRock now joins a list of similar requests from issuers such as Bitwise, Grayscale, and 21shares.
Crypto
World Liberty Financial holders back WLFI public trading with massive 99.9% positive votes
The proposal directs the team to activate transferability, allowing holders to move WLFI peer-to-peer and list on secondary venues, thereby shifting the network from a closed model to one of open participation.
Crypto
Bitcoin rally shows room to run toward $130,000 before demand cools off
A Glassnode report measured 95% of STH supply in profit, more than one standard deviation above the long‑term mean of 88% and the third such break since early May 2025.
Regulation
House passes motion to reconsider crypto package containing the GENIUS Act
The defeat means the measures must be repackaged or brought to the floor individually in a new legislative effort.
Technology
Coinbase and Ripple execs join California officials to streamline state operations
Separately, Coinbase is backing federal political efforts through Fairshake, contributing $25 million to mid-terms.
Deals
Cantor Fitzgerald SPAC nears $4B deal with Blockstream’s Adam Back to amass 30,000 Bitcoin
Combined with the Twenty One Capital SPAC, Cantor could accumulate nearly $10 billion in Bitcoin this year.
ETF
ProShares debuts 2x leveraged daily exposure to Solana and XRP in new ETFs
Both funds track futures contracts rather than holding the underlying tokens, mirroring the structure ProShares uses for its Bitcoin and Ethereum offerings.
Legislation
House rejects crypto rule package despite Trump’s call, push for second vote later today
Despite the rejection, a second vote on the proposals might happen later today.
Analysis
Exchange-run launchpads average 10x gains but face scrutiny over steep valuations, opaque models
Despite the double-digit returns, many launchpads list tokens at inflated fully diluted valuations while releasing only a small circulating supply, hurting retail traders' trust in the sector.
Stablecoins
JPMorgan to test stablecoin services alongside proprietary deposit token in bid to speed settlements
Jamie Dimon framed the decision as defensive, as fintech companies already design products that mimic checking accounts, payments networks, and loyalty platforms.
