Trump White House rejects SEC snub claims before CLARITY showdown

The Trump White House has rejected accusations that it is refusing to nominate Democratic commissioners to the Securities and Exchange Commission and Commodity Futures Trading Commission as the Senate moves closer to debating the CLARITY Act.  According to a letter sent by the White House to Senate Majority Leader John Thune and Senate Democratic Leader Chuck Schumer, the administration said it had already asked for suitable Democratic nominees for both the SEC and the CFTC but had not received any names in response.  The letter pushes back against criticism that the administration is deliberately leaving seats vacant at two agencies expected to oversee large parts of the digital asset market if the CLARITY Act becomes law.  With the Senate still yet to schedule a floor vote on the market structure bill, the exchange over regulatory appointments has added another issue to negotiations already facing time pressure. As crypto.news reported earlier, lawmakers are working against the Senates Aug. 7 recess, leaving a limited window to move the legislation forward.  Senate negotiations continue before floor vote  Although the White House defended its position on the nominations, it remains unclear whether the disagreement will influence support for the CLARITY Act. Lawmakers from both parties are still negotiating several

07-10انڈسٹری

Bitcoin miners AI pivot faces investor scrutiny over insider sales

Several publicly traded Bitcoin miners have enjoyed sharp stock re-ratings after pivoting toward AI infrastructure, but investors are increasingly questioning whether insiders and major shareholders capitalized on the rally before the sector cooled, raising fresh governance concerns, according to Blocksbridge Consulting.  In its latest Miner Weekly newsletter, Blocksbridge said the AI narrative helped lift valuations for several Bitcoin mining companies as they repositioned operations around data centers, power infrastructure and hyperscaler partnerships. However, sentiment has since weakened, with AI and chip stocks pulling back. The TEM AI Infrastructure Growth Index, which tracks Bitcoin miners, artificial intelligence cloud providers, power suppliers and other AI infrastructure companies, has decline 16% over the past month.  That shift has brought insider transactions into sharper focus. Executives at TeraWulf, Cipher Digital, Riot Platforms and Core Scientific have disclosed stock sales, many of them executed under prearranged Rule 10b5-1 trading plans. While such plans are common and designed to avoid conflicts around nonpublic information, the sales have attracted greater scrutiny as AI-related stocks have retreated, Blocksbridge said.  The trend extends beyond company executives. Strategic investors have also reduced their exposure, including stablecoin issuer Tether, which trimmed its stake in Bitdeer after the companys AI-driven rebound.  According to Blocksbridge, investors are

07-10انڈسٹری

Robinhood insiders sell HOOD shares after stock rally

Robinhood CEO Vlad Tenev sold 375,000 shares of Robinhood Markets stock on July 6, according to a recent SEC filing. The filing shows that his Class B shares automatically converted into Class A common stock when the sale took place. The transaction was made under a Rule 10b5-1 trading plan adopted on Sept. 5, 2025.  SummaryTenev sold 375,000 shares through a preset plan as HOOD traded near recent highs Monday.Gallagher also sold 10,000 shares, while Robinhood Markets trimmed its RVI fund stake this week.Crypto.news coverage ties Robinhoods rally to tokenized stocks, blockchain launches, and prediction market growth plans  • CEO Vlad Tenev sold 375,000 shares worth ~$43.6 million  • CLO Daniel Gallagher sold 9500 shares → ~$1.1 Million  •Robinhood Ventures Fund I sold 21,300 RVI shares  The sales come as $HOOD stock…  The sale was reported across several price ranges, with weighted average prices from $112.2242 to $118.1385.Investing.com placed the total value near $43.6 million. Tenev still held more than 48.2 million Class B shares after the transaction, based on the same filing.  You might also like:  SWIFT launches blockchain ledger pilot with 17 global banks  Gallagher also reports HOOD sale  Robinhood Chief Legal Officer Daniel Gallagher also sold HOOD shares on July 6. A Form 4 summary showed 10,000

07-09انڈسٹری

Bank of Korea stands firm on bank-led stablecoin push as deposit token pilots advance

The Bank of Korea (BOK) has doubled down on its stance that won-denominated stablecoins should first be issued through bank-led consortiums.  According to local reports from Digital Asset and EDaily, the central bank made the comments in materials submitted on Thursday to the National Assemblys finance committee. Local outlets reported that the BOK called for safeguards, including priority issuance by bank-led consortiums and a statutory policy body involving relevant agencies.  The latest comments reinforce the BOKs months-long push to keep won stablecoin issuance under bank-led structures. The central banks stance has divided policymakers and industry groups and contributed to delays in South Koreas digital asset bill.  The BOK also said it plans to continue developing deposit-token use cases in the second half of the year, including support for government subsidy payments, vouchers, electric vehicle charging infrastructure and further real-world transactions for the general public. Deposit tokens are digital tokens that represent commercial bank deposits.  In April, BOK Governor Hyun-Song Shin expressed support for deposit tokens and central bank digital currencies (CBDCs) in his first public address, while South Koreas Ministry of Economy and Finance announced a pilot to use tokenized deposits for government operational spending.  BOKs stablecoin stance keeps bill debate alive  The BOKs latest comments

07-09انڈسٹری

Adam Backs Bitcoin treasury company seeks new terms with Cantor for SPAC merger

The Bitcoin Standard Treasury Company (BSTR), founded by Blockstream CEO Adam Back, wants to change the terms of its merger agreement with Cantor Equity Partners for a public offering.  According to a Wednesday announcement, BSTR and Cantor Equity Partners I, the special purpose acquisition company (SPAC) created by financial services giant Cantor Fitzgerald, scrapped the original terms of a 2025 merger agreement and will negotiate a new deal. Although the details were not included in the announcement, both companies said that they intended to negotiate terms that “better reflected market conditions.”  Source: BSTR  A shareholder meeting scheduled for Friday intended to address the SPAC merger and a public offering was postponed indefinitely. The companies said that they would “provide further details in due course.”  BSTRs initial deal included contributing more than 30,000 Bitcoin (BTC) and $1.5 billion in PIPE (Private Investment in Public Equity) financing. The US Securities and Exchange Commission (SEC) recognized the registration statement for the agreement in June, with many expecting the public offering soon to follow.  Related: Capital B raises $1.3M from Adam Back for Bitcoin strategy  According to a February report from Institutional Investor, Cantor was giving itself “a lot of wiggle room” in SPAC deals, no longer keeping its sole

07-09انڈسٹری

Officials set to revise MiCA to cover non-EU stablecoin issuers: Report

European Union officials are reportedly planning to revise the Markets in Crypto-Assets (MiCA) framework amid the implementation of a US law on stablecoins.  According to a Wednesday report from Euronews, EU officials planned to revisit proposed changes to MiCA to broaden the frameworks scope, specifically regarding non-EU companies issuing stablecoins.  The revised rules, which authorities will reportedly consider in 2027, were in response to the US governments Guiding and Establishing National Innovation for US Stablecoins, or GENIUS, Act, putting pressure on EU officials to clarify how US stablecoin issuers could be regulated in member states. Officials will also reportedly consider expanding MiCA to include rules on tokenized payments and deposits.  Under MiCA, crypto companies offering services to EU-based users across 27 member states must now be licensed as Crypto-Asset Service Providers (CASPs) by a regulator in one of the member states. Although the licensing requirement took effect on July 1, European Commission officials had already opened a comment period for potentially revising the framework, including provisions on decentralized finance (DeFi) and stablecoins.  Related: Stablecoin-settled TradFi perpetual trading tops $1.1T: Binance Research  The proposed framework, which some have dubbed “MiCA 2.0,” will remain open for comments until Aug. 31. However, Miroslav Durić, a senior associate at

07-09انڈسٹری

Trump-linked AI Financial may sell core unit for just $15m

AI Financial, formerly known as Alt5 Sigma, is in talks to sell its core payments business to Tokyo-based blockchain firm Perpetuals.com. The Wall Street Journal reported that the deal could be worth up to $15 million.  SummaryAI Financial may sell Alt5 Sigma Canada after WLFI losses wiped out most shareholder value.The possible deal remains non-binding, with Perpetuals.com still reviewing terms and due diligence.Trump-linked World Liberty remains under scrutiny as crypto.news reports rising political and ethics questions.  WSJ: Trump Family Crypto Project-Linked AI Financial in Talks to Sell Core Business for Up to $15M  According to The Wall Street Journal, AI Financial, formerly Alt5 Sigma, is in talks to sell its core payments business to Tokyo-based blockchain company Perpetuals com for up to… pic.twitter.com/MUwBaWXtRJ  — Wu Blockchain (@WuBlockchain) July 8, 2026  The possible sale would cover Alt5 Sigma Canada, a payments subsidiary owned by AI Financial. Perpetuals.com said in a July 7 filing that it had signed a non-binding term sheet to explore the acquisition.  The filing said, “No decisions have been made,” while Perpetuals.com reviews the business. The company also said it is carrying out due diligence before any final agreement.The talks mark a sharp turn for AI Financial. Less than a year ago, the company

07-09انڈسٹری

Kraken leads MiCA exchanges as EU crypto rules bite

Kraken leads MiCA-regulated crypto exchanges in liquidity, according to DefiLlamas MiCA exchange dashboard. The data cited by Wu Blockchain showed Kraken with $399.71 million in spot liquidity and $206.90 million in perpetual liquidity, placing it first in both categories.  DefiLlamas live MiCA-regulated exchanges dashboard later showed Kraken still ahead, with more than $400 million in spot liquidity and more than $220 million in perpetual liquidity. The live figures may change because liquidity data moves with market depth, prices and exchange activity.  Coinbase ranked second in the figures cited by Wu Blockchain, with $305.23 million in spot liquidity and $167.39 million in perpetual liquidity. DefiLlamas live page still placed Coinbase among the top regulated venues, but behind Kraken in the main liquidity table.  The gap matters for traders who need deeper order books. Higher liquidity can help reduce slippage when users place larger orders. It can also make an exchange more useful for active traders, market makers and institutional clients.  Coinbase and Crypto.com remain close rivals  Coinbase remains Krakens closest large rival among MiCA-regulated exchanges. The exchange has built its European base in Luxembourg, where it uses a MiCA license to serve users across the bloc.  crypto.news reported that Coinbase opened its Luxembourg MiCA hub as the

07-09انڈسٹری

AscendEX crypto exchange shuts down, no assurance on user payouts

Quick TakeCrypto exchange AscendEX announced on July 6 that its platform ceased operations on July 1, citing regulatory, financial, and operational challenges.The companys statement indicated that the current liquidity issue may restrict full user withdrawals.  Crypto exchange AscendEX announced that it has shuttered operations effective July 1, citing regulatory pressures and financial challenges.  In an official notice dated July 6, the exchange stated that the decision stemmed from a combination of factors, including the full implementation of the European Unions MiCA on July 1, for which AscendEX does not hold authorization. Other financial and operational issues affected the platform.  The exchange also indicated that existing users may not be able to withdraw the full crypto balances they held on the platform.  “We relied on an agreed strategic transaction that was to provide liquidity to grow the platform, and the counterparty did not perform; wider crypto market conditions have added further pressure,” AscendEX wrote. “We are currently assessing the companys financial position and considering what options, if any, may be available in relation to account holders.”  AscendEX noted that account access is restricted to limited offboarding purposes, and automated withdrawals have been paused. Withdrawal requests are subject to manual review, and therefore could be delayed, the

07-09انڈسٹری

Circle faces July 18 GENIUS Act test as CRCL stock risks fresh slide

Circle stock has remained under pressure ahead of the July 18 deadline for U.S. regulators to publish implementation rules for the $GENIUS Act, while technical indicators continue to point to downside risks for CRCL shares.  According to the $GENIUS Act signed by President Donald Trump on July 18, 2025, federal agencies were given one year to prepare the regulatory framework governing stablecoin issuance, licensing, reserve management, and supervision.  That transition period expires on July 18, 2026, leaving the Federal Reserve, the U.S. Treasury, and other financial regulators with just days to release the required guidance.  The upcoming rules are important for Circle because the company issues USDC, one of the largest stablecoins by circulation. As crypto.news previously reported, any changes affecting reserve standards, licensing requirements, or issuer obligations could influence investor expectations for Circles business and, by extension, CRCL stock.  July 18 rules could become the next catalyst  Regulatory attention arrives as lawmakers remain divided over the second major U.S. crypto market structure bill.  Prediction market platform Kalshi currently assigns a 45% probability to the CLARITY Act becoming law. The bill has faced opposition from banks, which argue that allowing companies such as Circle and Coinbase to offer yield on stablecoin balances could encourage customers to

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