Linqto Sells $130M in Ripple Equity to Four Institutions

A U.S. Bankruptcy Court has approved Linqtos sale of approximately $130M worth of Ripple Labs common shares to four institutional buyers, with Galaxy Digital anchoring the transaction at $60M, followed by Arrington Capital at $50M, the Private Shares Fund at $16M, and GAM Alternatives Lux at $4M, proceeds directed to the Chapter 11 Wind-Down Trust supporting customer recoveries.  This is not simply a distressed-asset liquidation. It is a structured demonstration that institutional demand for Ripple‘s private-market equity holds across a wide pricing band, even as the company’s bankruptcy estate moves to unwind a platform that once served retail investors seeking pre-IPO access.  This Ripple news drop came as XRP surged nearly +4% overnight, trading at $1.13 and clearing the $1.10 resistance. Daily trading volume has also increased day-on-day, and is sitting at $1.29Bn.  Ripple Equity Sale: Buyer Allocations, Pricing, and the ROFR Waiver  The four concurrent transactions carry materially different per-share prices: Galaxy Digital acquired shares in its $60M allocation, while Arrington Capital paid $50M, and both the Private Shares Fund and GAM Alternatives Lux paid $16M and $4M, respectively.  Galaxys block is the largest of the four by both share count and gross proceeds, per the asset purchase agreement summary reviewed by Bondoro. Ripple

07-21Industry

United Stables adopts Chainlink infrastructure as U stablecoin tops $1B supply

United Stables has adopted Chainlink as the official oracle and cross-chain infrastructure for its U stablecoin after the asset surpassed $1 billion in circulating supply and more than $2.5 billion in daily trading volume.  According to an announcement from United Stables, the company has integrated Chainlinks data and interoperability products to strengthen pricing, reserve verification, and future cross-chain transfers for U, its dollar-pegged stablecoin launched on BNB Chain and Ethereum in December 2025.  The rollout includes Chainlink Data Feeds and Proof of Reserve, both of which are now live. United Stables said it also plans to integrate Chainlinks Cross-Chain Interoperability Protocol (CCIP) to support secure transfers of U between blockchain networks as the stablecoin expands across the multi-chain ecosystem.  We are thrilled to announce that, following an extensive security review, we have adopted @chainlink as our official data and cross-chain infrastructure powering the U stablecoin.  The company said the decision followed a review of security standards across the industry after recent incidents exposed weaknesses in legacy oracle and bridge infrastructure. According to United Stables, fragmented liquidity, unverified pricing, and vulnerabilities in cross-chain transfers were among the issues it sought to address by adopting Chainlinks infrastructure.  Data feeds, reserve verification go live  Under the integration, Chainlink Data

07-21Industry

Bitcoin Is 'Massively Undervalued' in $65,000 Range, Tether Advisor Explains Why

Bitcoins current price in the $64,000â€$65,000 range is giving retail investors a sense of déjà vu and mild anxiety, as this is exactly where the asset stalled during the previous cycle. However, major players see a completely different story in the chart. Tether adviser Gabor Gurbacs said that Bitcoin is now “massively undervalued” at these levels.  His main argument is that the price has remained the same, but the internal structure of the market has been completely transformed.  While the 2021 all-time high was driven by pure hype, regulatory uncertainty, and excessive leverage, by July 2026 the landscape had changed beyond recognition, with spot ETFs, interbank gateways for institutional investors, and clear rules established by governments.  Bitcoin price chart with recent post from Gabor Gurbacs, Source: TradingView  According to Gurbacs, once the market clears out the remaining leveraged speculators, real price discovery will begin.  Why institutional players want $65,000 Bitcoin  Data from the SoSoValue analytics platform supports the Tether advisers view and closely reflects actual financial flows:Funds are buying the sideways market: Major capital is methodically accumulating during the current consolidation. During the July 20 trading session, spot Bitcoin ETFs recorded net inflows of $226.92 million, with these purchases taking place while Bitcoin traded at $65,142.Five-day

07-21Industry

CoinShares launches UCITS platform targeting Europe's institutional investors

Quick TakeCoinShares is expanding into Europes $30 trillion UCITS ecosystem with the launch of a new platform and the CoinShares Bitcoin Mining UCITS ETF.The new platform positions CoinShares to target major institutional investors across Europe, including pension funds, insurers, and private banks.  Crypto asset manager CoinShares is expanding into Europes €26.3 trillion ($30 trillion) UCITS ecosystem by unveiling a new platform alongside the launch of the CoinShares Bitcoin Mining UCITS ETF.  In a statement released Tuesday, CoinShares said the new platform positions the firm to target major institutional investors across Europe, including pension funds, insurers, and private banks.  CoinShares said that the primary barrier to greater investment was the product wrapper, and many of these investors mandates prevented holdings in debt securities — even those that are physically backed.  “The UCITS platform removes that constraint, allowing CoinShares to serve those same investors, and the far larger pool of capital behind them, in the format their mandates already accommodate,” the company said in the statement.  UCITS — which stands for Undertakings for the Collective Investment in Transferable Securities — is a regulatory framework governing investment funds that can be marketed across the European Union.  CoinShares first fund under the new platform, the CoinShares Bitcoin Mining UCITS ETF,

07-21Industry

Why Chips Drive 44% of S&P 500 Profit Growth

If it feels like every earnings call has turned into a chip update, that is not your imagination. The math backs it up. Semiconductors are expected to carry a huge slice of S&P 500 profit growth this quarter.  Per LSEG estimates shared in mid-July, chipmakers and equipment names are on track for a triple-digit earnings jump and to contribute almost half of the indexs overall gains. That concentration cuts both ways. Great when demand is hot. Tough when anything wobbles.  So lets break down why 44% of S&P 500 profit growth is resting on chips, what is actually moving the numbers, where the market might be getting ahead of itself, and the signals worth watching as prints roll out.PointDetailsSemis outsized contributionSemiconductor and equipment companies are projected to deliver roughly 44% of S&P 500 earnings growth in Q2, with sector earnings up about 133% year over year, per LSEG data cited by Reuters (via MarketScreener).Index-wide growthOverall S&P 500 earnings are expected to rise around 26% in Q2 year over year, also from LSEG estimates reported by Reuters (via MarketScreener).Market pricing vs. fundamentalsThe PHLX Semiconductor Index is up about 65% year to date, with a sharp July drawdown that saw it down roughly 18%

07-21Industry

Crude Oil Spikes Above $91: What It Means for Bitcoin (BTC)

Iran war developments have caused a surge in oil prices, BTC is holding firm.  Bitcoins move above $66,000 comes hot on the heels of softer inflation data, higher ETF demand, and geopolitical conditions.  Why Is Crude Oil Price Rising?  Brent crude futures now stand at $91.58, the highest since early June. The situation was exacerbated yesterday by Houthi militants allied with Iran announcing a maritime embargo against Saudi Arabia, threatening Red Sea oil exports which have played a key role in oil supply following the closure of the Strait of Hormuz.  What It Means for Bitcoin  Higher crude oil leads the market to expect increased inflation, limiting how much the Federal Reserve can cut interest rates. Elevated interest rates make cash and Treasuries more appealing, and can often have a bearish impact on BTC.  For now, however, BTC is rising alongside crude oil prices, with the latest developments in the war potentially already priced into the volatile crypto markets. BTC ranged between $63,100 and $65,666 earlier in the day and has now risen to $66,670, holding onto a 5-week high.  Spot ETF inflows hit $227 million on July 20, giving the bulls a comfortable base from which to build support.  You may also like:  However, whether Bitcoin will continue

07-21Industry

Ella Langley Ties Elton John, Bruno Mars And Whitney Houston

With 14 weeks at No. 1 on the Billboard Hot 100 to its credit, Ella Langley‘s “Choosin’ Texas” ties with seven tracks as the eight-longest-running leader ever. NASHVILLE, TENNESSEE – JUNE 04: EDITORIAL USE ONLY. Ella Langley performs onstage at Nissan Stadium during CMA Fest 2026 day one on June 04, 2026 in Nashville, Tennessee. (Photo by Terry Wyatt/WireImage)  WireImage  For four consecutive weeks – including this frame – Ella Langley‘s “Choosin’ Texas” has controlled the Billboard Hot 100. The breakout smash has now accumulated 14 stays at No. 1, though those turns in the spotlight have been spread across six separate reigns since it first reached the summit in February. A succession of high-profile debuts by acts including BTS, Olivia Rodrigo, Drake, Ariana Grande and Taylor Swift repeatedly interrupted Langleys time in charge, but none of them stopped the biggest song of 2026 for long.  “Choosin Texas” has nevertheless returned to the peak position over and over, and its latest victory moves it higher on the list of the longest-running No. 1 hits in Billboard Hot 100 history.  Ella Langley Reaches 14 Weeks at No. 1  “Choosin‘ Texas” earns its fourteenth week atop the Billboard Hot 100, the ranking that combines streaming activity, radio

07-21Industry

What is the CLARITY Act Ethics Package and Why is It Bullish for Bitcoin?

The White House has agreed to the CLARITY Act ethics package. These are the conflict-of-interest rules that froze the crypto bill for months. Treasury Secretary Scott Bessent says the Senate is now at the 1-yard line.  Bitcoin (BTC) climbed toward $67,000 on the news. Here is what the deal says, and why traders like it.  Bitcoin Price Performance. Source: BeInCryptoWhat Is the CLARITY Act Ethics Package?  Start with the bill itself. The Digital Asset Market Clarity (CLARITY) Act would give US crypto its first full federal rulebook.  The split is simple. The Commodity Futures Trading Commission (CFTC) would police digital commodities like Bitcoin. The Securities and Exchange Commission (SEC) would keep tokens that act like securities.  The House passed the bill 294-134 in a bipartisan vote on July 17, 2025. Then it hit a wall. It needs 60 Senate votes, and it stalled before the Senate floor over one clause.  That clause is the ethics package. It would stop the president, the vice president, lawmakers, and senior officials from profiting from crypto while in office.  CLARITY UPDATE: The White House has reportedly agreed on an ethics package.  Were on track to more than 10K messages to Congress. Your voice is making a difference.  Follow us on X to get

07-21Industry

Ondo Enables Tokenized Stock Collateral on OndoPerps

Ondo Stocks holders can now back perpetual futures positions with SPYon and QQQon, subject to an initial $100,000 per-asset notional cap.  Ondo Finance said it has deployed its tokenized stocks as collateral on OndoPerps, a perpetual futures venue, starting with SPYon and QQQon, in a post published Monday on X.  The OndoPerps account said tokenized stock collateral is “live” and “now available for all users,” letting Ondo Stocks back perpetual futures positions. SPYon and QQQon are tokenized versions of exchange-traded funds tracking the S&P 500 and the Nasdaq-100.  Ondo Stocks are tokenized stocks, ETFs and ADRs that give holders economic exposure to underlying assets but are not themselves those securities, and the tokens are issued by Ondo Global Markets (BVI) Limited.  The feature lets traders post those tokens as margin rather than converting to stablecoins or selling other holdings. OndoPerps said an initial $100,000 per-asset notional cap applies and will be expanded, and that more Ondo Stocks will be added as eligible collateral over time.  OndoPerps said trading volume on the platform “has accelerated past $3.8 billion,” and that it offers up to 20x leverage and 24/7/365 operations. The Defiant could not independently verify the volume figure, which comes from the platform itself.  The venue carries

07-21Industry

UK Parliament Probes Banks Blocking Crypto Firms.

UK Parliament investigates banking restrictions affecting crypto businesses nationwide.Lawmakers seek industry evidence on account closures and payment restrictions.Inquiry may shape future UK banking policies for regulated crypto companies.  The UK Parliament has launched a cross-party inquiry into claims that banks are limiting access to financial services for cryptocurrency businesses. Lawmakers will examine reports of account closures, banking restrictions, and payment limits affecting digital asset firms.  The review comes as the United Kingdom advances its broader crypto regulatory framework and seeks to strengthen its position as a global digital asset hub.  Parliament Seeks Evidence on Banking Restrictions  The UK Crypto and Digital Assets All-Party Parliamentary Group (APPG) has opened an inquiry into banking access for cryptocurrency businesses across the country. The cross-party initiative will investigate whether banks are creating unnecessary barriers for legitimate digital asset companies.  The review will examine reports that crypto firms struggle opening business accounts and maintaining existing banking relationships across the United Kingdom today. Lawmakers will also assess restrictions placed on crypto-related payments by banks serving retail customers and businesses across domestic markets.  THE BLOCK: The UK Parliaments cross-party group for digital assets has launched an inquiry into banking access for the local crypto sector.  The probe will examine difficulties opening/retaining bank accounts and

07-21Industry
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