Crypto

At least seven law firms have filed complaints against Strategy, alleging securities fraud. Two crypto lawyers had different takes on the situation. The securities fraud lawsuits facing Michael Saylor’s company Strategy could take years to play out — if they go anywhere at all, according to legal experts. Strategy, formerly MicroStrategy, pioneered the use of Bitcoin (BTC) as an asset reserve for corporate treasuries. The company has been since 2020 making regular purchases of Bitcoin, with over 601,550 BTC in its balance sheets and no plans to cap the accumulation. Now, Strategy has investors questioning its crypto approach. As of mid-July, at least seven law firms have filed complaints against Strategy. Many of the complaints have similar claims, echoing that the defendants overstated the anticipated profitability of its Bitcoin investment strategy and understated volatility risks, as well as the magnitude of losses the company could recognize following the adoption of the ASU 2023-08 accounting principles....

GENIUS Act has been signed into law by President Trump following House passage after initial failure. The legislation establishes federal oversight for stablecoins with 1:1 reserve backing requirements, introduces licensing pathways for issuers, and places oversight with prudential regulators. The post Weekly Crypto Regulation Roundup: Trump Signs GENIUS Act and SEC Eyes Tokenization Tweaks appeared first on Cryptonews.

GENIUS Act has been signed into law by President Trump on Friday afternoon at the White House, establishing federal stablecoin regulations. The Guiding and Establishing National Innovation for U.S. Stablecoins Act passed the House in a 308-122 vote during Republican "Crypto Week." The post Donald Trump Signs GENIUS Act Into Law: “They Named It After Me” appeared first on Cryptonews.

World Liberty Financial announced that its WLFI governance token will begin trading within six to eight weeks of July 18, completing a community mandate that authorized on-chain transfers and secondary market access.  According to the project’s announcement on X, the team will use the lead time to finalize “strategic alignments,” such as exchange listings and […] The post WLFI token set to trade within eight weeks after 99.94% vote opens transfers appeared first on CryptoSlate.

The original digital asset accounted for 61% of the cryptocurrency market’s value on Friday, falling from 65.5% last week.

Bitcoin testing underlying support, and the potential start of an altcoin season have traders focusing on XLM, LTC, ETC and BNB. Key points: Continuation of Bitcoin’s consolidation seems likely in the near term, but the trend remains positive as long as the price remains above $110,530. Charts for BNB, XLM, LTC and ETC are looking positive. Read more

ETH’s 43% monthly rally is paying off for Trump-linked WLF. Its 70K ETH stash is now worth $251M, showing a $26M paper profit.

President Donald Trump signed the GENIUS Act into law on July 18, pledging that the measure will secure “global dominance” in crypto technology. The legislation gives the US its first federal framework for dollar‑backed stablecoins. Trump celebrated the passing of the bill, saying: “Crypto has gone up more than any stock. Crypto makes the dollar look good. […] The post Trump signs GENIUS Act into law, activating America’s first regulatory framework for stablecoins appeared first on CryptoSlate.

JPMorgan, Citigroup and Bank of America are all in the early stages of stablecoin development. As crypto markets keep a close eye on Capitol Hill for movement on the GENIUS bill, legacy financial institutions are already laying the groundwork for a future where stablecoin payment rails handle trillions of dollars in client transactions. Once a niche tool used primarily by crypto traders to fund exchange accounts, stablecoins have evolved into one of the industry’s most compelling use cases. Major players like JPMorgan, Citigroup and Bank of America are now competing for a share of this growing market. This week’s Crypto Biz newsletter dives into Wall Street’s accelerating push into stablecoins, highlights an emerging stablecoin network aiming to challenge Tether and Circle, and puts the S&P 500’s latest record high into perspective — by measuring its performance against Bitcoin (BTC). Read more

Ex-Pump.fun Dev, Jarett Dunn, sits in a London prison after breaching bail conditions while awaiting trial for stealing approximately $2 million from the platform in May 2024. The Canadian national has attempted to withdraw his guilty plea and faces at least seven years in prison. The post Ex-Pump.fun Dev Behind $2M Theft Jailed in London for Bail Breach, Faces 7+ Years Prison appeared first on Cryptonews.

Several C-suite executives from cryptocurrency companies attended the Friday event, some of whom directly contributed to Trump’s 2024 campaign. US President Donald Trump signed one of the first bills related to crypto and blockchain of his administration into law on Friday after delays due to debates in the House of Representatives and Senate. In a Friday signing ceremony attended by many cryptocurrency company executives and high-ranking Republicans, including Vice President JD Vance and House Speaker Mike Johnson, Trump signed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act into law. The president acknowledged the support of several crypto figures in attendance, including Kraken co-CEO David Ripley, Gemini co-founders Cameron and Tyler Winklevoss, Coinbase CEO Brian Armstrong, Circle CEO Jeremy Allaire, Tether CEO Paolo Ardoino and Robinhood CEO Vladimir Tenev. Read more

President Trump signed the stablecoin bill at a flashy ceremony attended by industry leaders, just a day after the legislation was passed by Congress.

dYdX has acquired Telegram-native trading app Pocket Protector, which reached $1 billion in annualized trading volume in under a year. Co-founders Eddie Zhang and Kaiser Kinbote will join dYdX as President and Head of Growth as the exchange expands beyond infrastructure to user-facing products. The post dYdX Snaps Up Telegram Trading App That Hit $1B Volume in Under a Year appeared first on Cryptonews.

$HYPE has declined 3.3% in 24 hours to $45.13 as Ethereum's rally pulls liquidity from altcoins. Despite the price dip, Hyperliquid platform has recorded historic $18.99 billion daily perpetuals volume and $5.06 million in revenue, with institutional investors adding tokens to treasuries. The post $HYPE Slides as Ethereum Soars and Hyperliquid Hits $19B – Can It Rebound? appeared first on Cryptonews.

Dogecoin breaks past $0.20 resistance with 14% daily gain; eyes next hurdle at $0.36 amid whale and institutional interest.

The Senate Agriculture Committee will hear from prospective CFTC chair Brian Quintenz, who could be the sole commissioner at the US regulator by the end of 2025. Brian Quintenz, US President Donald Trump’s pick to chair the US Commodity Futures Trading Commission (CFTC), is scheduled to appear before lawmakers as his nomination moves forward in the Senate. His role could expand significantly if current legislation shifting crypto oversight to the agency becomes law. The Senate Agriculture Committee will hold a meeting to consider Quintenz’s nomination before a potential floor vote on Monday. The meeting will follow a hearing held by the committee in June, marking the first step in his nomination since Trump announced it in February.  The committee meeting will come as the Senate is expected to consider the Digital Asset Market Clarity (CLARITY) Act following passage in the House of Representatives on Thursday. Read more

Institutional capital brings Bitcoin stability and status, but also systemic risk, regulatory pressure, and a creeping erosion of its core ethos. Key takeaways: Bitcoin is now a macro asset, with behavior increasingly tied to traditional risk markets and vulnerable to the same systemic pressures as TradFi assets. Custodial concentration is reshaping Bitcoin’s market structure, increasing systemic risk and weakening self-custody norms. Read more

JPMorgan’s latest research indicates that international regulators are more inclined to support tokenized deposits, particularly those that preserve the existing structure and stability of fiat-based banking systems, The Block reported on July 18. According to the Wall Street lender, financial regulators outside the United States are showing a growing preference for tokenized bank deposits over […] The post JPMorgan reveals global regulators favor tokenized bank deposits over stablecoins appeared first on CryptoSlate.

Charles Schwab's CEO said that the U.S.-based brokerage is considering offering a dollar-pegged token as the stablecoin market is poised to grow. 

The IMF report directly contradicts regular posts from El Salvador’s Bitcoin Office that the country is purchasing one BTC per day. The International Monetary Fund (IMF) published a report on Tuesday about its ongoing loan agreement with El Salvador, claiming that the Central American country has not bought any new Bitcoin (BTC) since signing the agreement in December 2024. El Salvador’s Chivo Bitcoin wallet “does not adjust its Bitcoin reserves to reflect changes in clients’ Bitcoin deposits,” the report read. Chivo doesn’t sell its BTC, leading to “minor” discrepancies that made it appear as if El Salvador’s public sector was accumulating BTC.  A letter of intent signed by El Salvador’s central bank president, Douglas Pablo Rodríguez Fuentes, and minister of finance, Jerson Rogelio Posada Molina, contained within the IMF report, confirmed the details: Read more