US CBDC ban to go into effect without Trump signoff on housing bill

A bipartisan housing bill containing a ban on a central bank digital currency (CBDC) in the United States is set to become law as the deadline approaches for President Donald Trump to sign it.  Just after midnight on Friday, the 21st Century ROAD to Housing Act will have been in Trump‘s hands for 10 days, excluding Sundays, the maximum amount of time a bill can be on the president’s desk without a veto or a signature. Under the US Constitution, the legislation will automatically become law without action from Trump, who canceled the signing ceremony for the bill on Jun 24.  In a Friday social media post, Trump confirmed that he would not sign the housing bill, calling Republicans in Congress who voted on the legislation “dumb” and urging the Senate to instead prioritize a controversial voting bill, the SAVE America Act. The legislation, which would require people to provide proof of US citizenship in person to register, has received widespread criticism for claims that it would disenfranchise citizens already eligible to vote.Source: Donald Trump  The housing bill, passed by the House of Representatives and Senate in June with support from Democrats and Republicans, included language barring the Federal Reserve from issuing or

07-11انڈسٹری

Bitcoins $10 billion credit market keeps growing after its first major selloff

Bitcoins more than $10 billion corporate credit market is still attracting new entrants after a June selloff triggered margin calls and drove its leading preferred shares far below par.  A new report from BitcoinTreasuries.net described the downturn as the sectors first meaningful stress test, offering an early measure of whether companies can reliably build financing structures around their cryptocurrency reserves.  The selloff showed how quickly supposedly stable products can buckle when too much leverage piles in. Yet the market emerged bruised but operational. Dividend payments continued, secondary-market volumes reached record levels, and corporate treasuries kept adding Bitcoin to their balance sheets.  That resilience has drawn praise from industry proponents and sustained interest from prospective issuers, which are advancing plans for new yield-paying products across the US, Europe and Asia.  Investors are now betting that corporate Bitcoin holdings can support a wider market for preferred shares and similar debt-like products.  How leverage turned a stable trade into a cascade  Leverage piled into preferred shares that looked stable, then unwound in a rush of liquidations.  Strategy, the largest Bitcoin holding company with over 800,000 BTC, and Strive have used preferred shares to raise capital without relying entirely on common-stock sales or conventional debt. The securities typically carry a $100

07-11انڈسٹری

XRP Price Prediction: Analyst Maps Rally to $2.55 as Macro Accumulation Zone Holds

XRP continues to trade in a consolidation phase, with technical analysts divided between a cautious short-term outlook and an increasingly constructive long-term picture.  While current market indicators point to limited momentum, several chart analysts argue that the XRP priceremains within a historically significant accumulation zone that could support a broader recovery if key resistance levels are reclaimed.  XRP price holds key macro accumulation zone  A long-term XRP/USDT chart shared by an independent market analyst suggests that the current consolidation may represent a classic accumulation phase rather than the start of another bearish leg.  A major horizontal resistance zone between $2.50 and $2.60 remains the key long-term hurdle, serving as the primary macro target and structural ceiling for the current market cycle. Source: Lingrid on TradingView  According to the analysis, XRP has spent nearly two years forming a large symmetrical triangle on the higher timeframe. The lower boundary of that pattern has repeatedly acted as macro support, with buyers consistently stepping in during previous market corrections.  The chart also identifies a grey accumulation region surrounding current price levels, describing it as an institutional buying area where larger market participants may be building positions before any sustained breakout.  The analyst wrote:  Discover more  Merchant Services & Payment Systems  Brokerages & Day Trading  Financial

07-11انڈسٹری

SEC could start writing crypto rules before the Senate votes on CLARITY

Three SEC crypto proposals are now penciled in for July, covering token offerings, broker-dealer custody and trading venues. The agency could start writing the rules before the Senate even decides whether to take up the CLARITY Act.  Earlier this week, SEC Chair Paul Atkins said the agencys 2026 regulatory agenda aims to bring more crypto products onshore, create clearer rules for capital raising with crypto assets, and clarify how market participants can custody and facilitate the trading of tokenized securities on-chain.  According to him:  “[These efforts are to] ensure that the next chapter of financial leadership is written in the US, and that our capital markets continue to lead the world – in their depth, their dynamism, and their unrivaled ability to transform ingenuity into prosperity.”  That posture has translated into three July NPRM targets covering crypto-asset offerings, broker-dealer rules, and crypto market-structure amendments.  If any of those proposals is published this month, the SEC would move the crypto debate from policy signaling into a formal rulemaking process.  That would come as US lawmakers have yet to decide whether to bring the highly anticipated CLARITY Act to the Senate floor. The bill is designed to establish a federal framework for the crypto industry and clarify how

07-10انڈسٹری

Revolut integrates its crypto exchange with AI assistants as agentic trading spreads

Quick TakeRevolut has connected its standalone crypto exchange, Revolut X, to third-party AI assistants, including Claude, Gemini, OpenClaw and Cursor, allowing users to analyze markets, set alerts, and place trades via natural language prompts.Users remain responsible for reviewing and approving every order, and Revolut said it does not endorse or guarantee the third-party AI tools or accept liability for erroneous trades.  Revolut has connected its standalone crypto exchange, Revolut X, to third-party AI assistants, allowing customers to analyze markets, monitor portfolios, and place trades using natural language prompts, the fintech said Friday.  Supported assistants include Claude, Gemini, OpenClaw, and Cursor, with users on other platforms able to link accounts through a universal skill or a command-line interface published on GitHub, according to the company. No coding is required.  The integration lets customers request plain-text breakdowns of portfolio performance, pull real-time market data, set custom price alerts, place market and limit orders, and manage open positions without returning to the Revolut X app.  Customers can also describe a trading idea in natural language — a grid strategy on bitcoin over the last 90 days, for instance — and receive historical performance, risk metrics, and optimization results.  “AI agents give us much faster workflows, smarter execution, and

07-10انڈسٹری

Robinhood Chain sees over $70M in ETH bridged during first week

The amount of Ether bridged to Robinhoods new layer-2 blockchain exceeded $70 million in just the first week, according to Token Terminal.  Robinhood Chain, an EVM-compatible Arbitrum-based layer-2 network that uses ETH as its native gas token, launched on July 1 with the company describing it as “AI-native and purpose-built for real-world assets.”  “If adoption continues, the chain could become a meaningful new source of demand for ETH,” said Token Terminal on Thursday.  Robinhood has also offered tokenized stocks to customers in more than 120 countries, responding to a surging demand for tokenized US equities. Ethereum and its layer-2 scaling networks have been a popular choice for tokenized real-world assets (RWA) with more than 50% market share, according to RWA.xyz, and this move could cement that position even further.  Turning liquidity into economic activity  “Robinhood Chain is rapidly turning liquidity into economic activity,” said Token Terminal in a separate post on X.  Robinhood Chain‘s daily active users reached 194,000 while daily revenue has grown to $39,000, equivalent to a $14 million annualized revenue run rate, within the chain’s first week, it said.  DefiLlama, a decentralized finance data platform, shows similar figures, showing Robinhood Chain has a total value locked of 46,748 ETH, worth around $83 million at

07-10انڈسٹری

Bitcoin returns to $64.3K with new three-week BTC price highs imminent

Bitcoin (BTC) eyed new July highs on Friday as US-Iran peace momentum kept oil lower.  Key points:Bitcoin bulls keep upside momentum going as BTC/USD seeks a new multi-week record.Declining oil prices and US dollar strength contrast with crypto market rebound.$65,000 is now “crucial resistance” to be tackled, says analysis.  Bitcoin reaches $64,350 as dollar strength, oil drop  Data from TradingView showed BTC/USD climbing above $64,000, coming within $400 of new three-week highs.BTC/USD four-hour chart. Source: Cointelegraph/TradingView  Amid ongoing hopes that the US-Iran peace deal could be salvaged, US WTI crude oil stayed lower after rejecting from $76 per barrel.CFDs on US WTI crude oil one-day chart. Source: Cointelegraph/TradingView  US dollar strength fell for a third straight day, with the US dollar index (DXY) approaching its lowest figures since mid-June.US dollar index (DXY) one-day chart. Source: Cointelegraph/TradingView  Commenting on the current macro landscape, trading company QCP Capital warned that risks to economies were still growing. It specifically highlighted the US Strategic Petroleum Reserve (SPR).  “With no monetary cushion coming, the physical buffers matter more. In oil, Doha talks ended with no shipping deal and missiles struck two tankers on 7 July, with Hormuz flows still well below normal,” it wrote about recent Iran events.  “The reserve looks thinner still:

07-10انڈسٹری

Reserve Protocol Drops Five AI-Themed Tokenized Equity DTFs on BNB Chain, Powered by Ondo

Reserve Protocol has launched five AI-themed Reserve Protocol DTFs (Decentralized Token Funds) on BNB Chain. The aim is to give global investors a single-token route into the full AI supply chain.  The products, $BUILDOUT, $POWER, $PHOTON, $NEOCLOUD, and $ROBOTS, are live now and backed by tokenized U.S. equities via Ondo Global Markets. The announcement was made on Reserve Protocols official X account on July 9, 2026, alongside a video explainer and trading links.  Five DTFs, One AI Economy: What Reserve Protocol Just Built  Each of the five new Reserve Protocol DTFs targets a different layer of the AI value chain. $BUILDOUT covers AI hardware and infrastructure stocks.  $BUILDOUT covers AI hardware and infrastructure stocks.  $POWER focuses on energy and power generation companies feeding AI data centers.  $PHOTON tracks photonics and optical networking companies. $NEOCLOUD holds cloud computing and AI infrastructure providers. $ROBOTS rounds out the set with robotics and automation equities.  The interesting part of the update is that an investor can buy $NEOCLOUD and get instant exposure to tokenized cloud equities without limit.  The DTFs are built on Reserve Protocols open-source infrastructure, which is powered by Ondo Global Markets (OGM). It holds tokenized U.S. stocks via licensed U.S. broker-dealers.  Own your share of the AI industry  Today, Reserve launches

07-10انڈسٹری

Hyperliquid Policy Center and Phantom call for DeFi specific CFTC regulations

Hyperliquid Policy Center and Phantom have urged the U.S. Commodity Futures Trading Commission to update its rulebook for onchain trading, arguing that existing regulations built for traditional financial markets do not fit decentralized infrastructure.  According to a joint comment letter submitted on Thursday by the Hyperliquid Policy Center (HPC) and Phantom, the current regulatory framework assumes a market structure where brokers, exchanges and clearinghouses control customer funds throughout the trading process. The organizations said onchain markets operate differently because users retain control of their own assets.  The submission responds to a joint Request for Information (RFI) issued last month by the CFTC and the Securities and Exchange Commission, which invited public feedback on regulations that may be slowing financial innovation and making it harder for new technologies to work with CFTC-regulated firms. As previously reported by crypto.news, the agencies are also reviewing whether existing definitions for swaps and related derivatives remain suitable for newer financial products.  HPC and Phantom seek tailored rules for decentralized markets  In their filing, HPC and Phantom argued that developers of onchain trading software should not automatically be required to register as exchanges or clearinghouses simply because they build decentralized infrastructure. They also said non-custodial wallet interfaces such as Phantom

07-10انڈسٹری

White House says it received no Democratic nominees for SEC, CFTC vacancies

White House officials claimed that they had “not received names” in response to requests to Senate Democrats for potential commissioners to two US financial regulatory agencies.  In a Thursday letter to US Senate majority leader John Thune and minority leader Chuck Schumer, White House officials said that they had already solicited names from Senate Democrats for the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). The leadership panels of both financial agencies are understaffed, with only Republican members nominated and confirmed by the Senate.  The letter came in response to a June 10 request from 12 Senate Democrats over staffing concerns at US federal agencies, including the SEC and CFTC. Although US President Donald Trump has put forward some Democratic names for positions at agencies, including the National Labor Relations Board and International Trade Commission, many lawmakers have expressed concerns about the financial regulators being understaffed with crypto market structure legislation pending.  As of Thursday, the SEC had two vacant Democratic seats with three Republican commissioners, one of whom, Hester Peirce, was expected to leave by November. The CFTC chair and sole commissioner was Republican Michael Selig, who, in his seven months on the job, has been outspoken about defending

07-10انڈسٹری
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