Crypto Industry News & Market Trends

Indian Rupee gains on Middle East peace hopes

The Indian Rupee (INR) opens higher against the US Dollar on Tuesday. The USD/INR pair corrects to near 96.34 from its two-month high of 96.76 posted on Monday, as fresh hopes of de-escalation in military aggression between the United States (US) and Iran have offered support to the Indian currency.　　The emergence of hopes for Middle East peace has resulted in a pause in the oil price rally, a scenario that offers support to currencies from economies, such as India, which rely heavily on oil imports to meet their energy needs.　　In the opening trade, the MCX Crude Oil contract expiring on August 19 is marginally down to near Rs. 7,945. On Monday, the crude oil price corrected sharply after posting a fresh five-week high at Rs. 8,158.　　Iran was offered 10-day ceasefire proposal with US　　On Monday, a senior Iranian official confirmed receiving a proposal of a 10-day cessation of strikes from mediators to find ways to revive the interim deal with the US. This led to financial markets regaining confidence that negotiations between nations are still active.　　Earlier in the day, an Axios report also showed that US President Donald Trump will either accept the 10-day ceasefire with Iran and resume negotiations toward

07-21Industry

Strategy Skips Bitcoin Buy After $263M Share Sale

Strategy sold $263.5M in MSTR shares but made no Bitcoin purchase, keeping its holdings at 843,775 BTC and boosting cash reserves.　　Strategy ended another week without adding to its Bitcoin holdings despite raising fresh capital through its at-the-market share program.　　The company disclosed that it sold millions of MSTR shares while keeping its Bitcoin position unchanged.　　Its latest filing also showed a larger U.S. dollar reserve and no activity under its share repurchase plans. The update arrived through a filing with the U.S. Securities and Exchange Commission.　　Strategy Raises $263.5M Through MSTR Share Sale　　Strategy reported that it sold 2,732,318 Class A MSTR shares between July 13 and July 19.　　The sales generated net proceeds of about $263.5 million through its at-the-market offering program.　　The SEC filing showed that none of the companys preferred stock programs recorded sales during the same period.　　Those programs still retain billions of dollars in remaining issuance capacity.　　The filing also stated that more than $23.5 billion in MSTR share issuance capacity remains available. That includes the current offering and the expanded authorization announced earlier this year.　　Wu Blockchain shared the filing details on X, pointing out that Strategy completed the share sale without using the proceeds to acquire more Bitcoin during the reporting week.　　Strategy

07-21Industry

Ripple Veteran on Selling XRP: ‘I Wish I Hadn’t

Unlikely price predictionsRipple veteran no longer holds much XRP　　Ripple CTO Emeritus David Schwartz has admitted that he regrets selling some of his early cryptocurrency holdings, including XRP at $0.10 and Ethereum at around $1.　　He says his decision was driven mainly by his aversion to risk, which he “really, really” hates.　　“Obviously, I wish I hadnt done those things,” Schwartz replied.　　Ripple Veteran on Selling XRP: ‘I Wish I Hadn’t　　Analyzing Shiba Inu‘s (SHIB) Unexpected Price Uptick, Ethereum’s (ETH) Biggest Test For $2,000 Yet, Bitcoin (BTC) Has Room For $68,000 Run　　The Ripple veteran explained that the sales were part of an agreement he had made with his wife to gradually reduce exposure whenever his holdings reached new all-time highs.　　“But I agreed with my wife to sell at every new ATH and I really, really hate risk,” Schwartz said. “I wish I was more comfortable with risk, but Im just not that person.”　　Unlikely price predictions　　Schwartz previously revealed that he sold his Ethereum because he viewed extreme price predictions as unlikely　　Addressing criticism over the early sale, Schwartz said that his decision was based on probability rather than a lack of belief in cryptos long-term potential.　　“If I had thought there was a 1% chance of it hitting

07-21Industry

Gold price in Philippines: Rates on July 21

Gold prices rose in Philippines on Tuesday, according to data compiled by FXStreet.　　The price for Gold stood at 8,037.94 Philippine Pesos (PHP) per gram, up compared with the PHP 7,955.80 it cost on Monday.　　The price for Gold increased to PHP 93,753.77 per tola from PHP 92,794.92 per tola a day earlier.Unit measureGold Price in PHP1 Gram8,037.9410 Grams80,382.97Tola93,753.77Troy Ounce250,009.00　　FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.　　Gold FAQs　　Gold has played a key role in human‘s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.　　Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify

07-21Industry

Gold price in United Arab Emirates: Rates on July 21

Gold prices rose in United Arab Emirates on Tuesday, according to data compiled by FXStreet.　　The price for Gold stood at 477.72 United Arab Emirates Dirhams (AED) per gram, up compared with the AED 473.25 it cost on Monday.　　The price for Gold increased to AED 5,572.05 per tola from AED 5,519.84 per tola a day earlier.Unit measureGold Price in AED1 Gram477.7210 Grams4,777.21Tola5,572.05Troy Ounce14,858.75　　FXStreet calculates Gold prices in United Arab Emirates by adapting international prices (USD/AED) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.　　Gold FAQs　　Gold has played a key role in human‘s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.　　Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent

07-21Industry

Grayscale could take Worldcoin to Wall Street after ETF filing with the SEC

Quick TakeGrayscale filed with the Securities and Exchange Commission a registration statement for the Grayscale Worldcoin ETF.If launched, the ETF would trade on The Nasdaq Stock Market LLC under its generic listing standards.　　The first exchange-traded fund tied to Worldcoin (WLD) could soon be headed to U.S. markets.　　On Monday, Grayscale filed with the Securities and Exchange Commission a registration statement for the Grayscale Worldcoin ETF. The fund would hold WLD, the native crypto of the World Network, the firm said in the filing.　　“As a passive investment vehicle, the Trust‘s investment objective is for the value of the Shares (based on WLD per Share) to reflect the value of WLD held by the Trust, determined by reference to the Index Price, less the Trust’s expenses and other liabilities,” Grayscale said in the filing.　　If launched, the ETF would trade on The Nasdaq Stock Market LLC under its generic listing standards. The Bank of New York Mellon would serve as transfer agent, while BitGo Bank s price data.　　Worldcoin, later rebranded as World, is a company cofounded by OpenAI CEO Sam Altman that focuses on biometric identification, crypto, and blockchain. The company uses a decentralized digital passport to verify people as well as a spherical

07-21Industry

Trump stalls CLARITY Act as ethics dispute threatens Senate vote

The CLARITY Acts chance of becoming law in 2026 has fallen to 31% on Polymarket as the White House withholds support for a disputed ethics provision.　　Crypto In America reported that the White House had not approved the ethics language as of July 20, despite President Donald Trump meeting Republican senators last week to discuss the crypto market structure bill. Sources cited by the outlet also said the administration has not explained which ethical limits it would accept.　　Without a clear position from the White House, Senate negotiators may need more time to prepare an updated version of the legislation, according to the report. The delay could disrupt Republican plans to bring the CLARITY Act to the Senate floor before lawmakers leave Washington for their August recess.　　Senate Majority Leader John Thune wants to schedule a floor vote before August, but he has acknowledged that Republicans have not secured a bipartisan agreement. Under Senate rules, the party would need Democratic support to overcome procedural barriers and advance the legislation.　　Democrats have demanded restrictions on elected officials‘ involvement in digital assets, with their concerns focused mainly on Trump’s crypto interests. According to the presidents financial disclosure, his digital-asset ventures generated as much as $1.4 billion

07-21Industry

US House weighs sports-contract ban threatening Kalshi and Polymarket

The US House Agriculture Committee has scheduled a hearing on sports prediction markets as two gaming associations press Congress to prohibit sports contracts offered by platforms including Kalshi and Polymarket.　　According to a committee release, the Subcommittee on Commodity Markets, Digital Assets, and Rural Development will examine customer protections and market integrity across prediction markets. Legal specialists and executives representing the American Gaming Association and Indian Gaming Association are expected to testify.　　The hearing comes as state authorities challenge whether sports event contracts qualify as federally regulated derivatives or unlicensed gambling products. Kalshi and Polymarket have faced claims from regulators that their sports markets resemble conventional betting services, despite operating within the prediction-market sector.　　At the federal level, prediction-market supporters maintain that the Commodity Futures Trading Commission already possesses enough authority to oversee event contracts. Gaming associations, however, want lawmakers to prevent regulated exchanges from offering contracts based on sporting events.　　Gaming groups want sports contracts prohibited　　Legal expert Daniel Wallach, who reviewed the witnesses‘ prepared testimony, noted that supporters of prediction markets are asking Congress not to pass new legislation clarifying the CFTC’s authority. According to Wallach, those witnesses believe the existing legal framework already allows the regulator to supervise platforms such as Polymarket.　　Robert

07-21Industry

Russia's First Comprehensive Crypto Law Is Two Votes Away From Passing

In briefThe State Dumas second and third readings of a pending crypto bill are scheduled for July 21; if approved, the law takes effect September 1.The bill explicitly permits crypto only for international trade, giving Russian companies a legal mechanism to route payments outside Western banking channels.Domestic crypto payments remain banned.　　Russias State Duma, the lower house of its legislative body, takes its final two votes on the countrys first comprehensive cryptocurrency law on Tuesday.　　The bill—titled “On Digital Currency and Digital Rights”—still needs Senate approval and Russian President Vladimir Putins signature after that, a process Anatoly Aksakov, chairman of the State Duma Committee on Financial Markets, expects to take another two weeks. The law would then take effect on September 1.　　The original target was July 1, but the delay came from coordination bottlenecks between government agencies, per reports by the Russian outlet Kommersant.　　What the bill creates　　The legislation sets up a licensing regime—a government-issued permit system—for crypto exchanges, brokers, and custodians (companies that store cryptocurrency on your behalf, the way a bank holds cash). The Bank of Russia becomes the authority issuing those permits and can bar any cryptocurrency it deems a threat to financial stability.　　Major financial institutions arent waiting: VTB and

07-21Industry

RBNZ Sectoral Factor Inflation Model holds steady at 2.7% YoY in Q2 2026

The Reserve Bank of New Zealand (RBNZ) published its Sectoral Factor Model Inflation gauge for the second quarter of 2026, following the release of the official Consumer Price Index (CPI) by NZ Stats on Tuesday.　　The inflation gauge came in at 2.7% year-over-year (YoY) in Q2 2026 vs. 2.7% in Q1.　　The inflation measures are closely watched by the RBNZ, which has a monetary policy goal of achieving 1% to 3% inflation.　　Market reaction　　The New Zealand Dollar (NZD) faces some selling pressure on the RBNZs inflation data release. At the time of writing, NZD/USD is off the seven-week high of 0.5874, still up 0.36% on the day at 0.5858.　　About the RBNZ Sectoral Factor Model Inflation　　The Reserve Bank of New Zealand has a set of models that produce core inflation estimates. The sectoral factor model estimates a measure of core inflation based on co-movements – the extent to which individual price series move together. It takes a sectoral approach, estimating core inflation based on two sets of prices: prices of tradable items, which are those either imported or exposed to international competition, and prices of non-tradable items, which are those produced domestically and not facing competition from imports.　　Inflation FAQs　　Inflation measures the rise in the

07-21Industry

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