Analysts are divided on Bitcoin's next move, but there's some hope at last. Meanwhile, SharpLink has resumed buying Ether after an eight-week pause, and other market news. Bitcoin (BTC) reacted positively to US Federal Reserve Chair Kevin Warsh’s remarks on stubborn inflation. Despite the gains on Wednesday, traders fear that incentives for fixed-income investments and strong earnings momentum in tech stocks will continue to pressure non-yield-bearing assets like cryptocurrencies. (Michael van de Poppe) The US five-year Treasury yield jumped to 4.22%, meaning traders demanded higher returns to hold government bonds. Even as inflation eventually eases and WTI crude oil prices fell to a 4-month low, investors anticipate monetary expansion. Read more
While engaged in negotiations over ethics in a crypto market structure bill in Congress, Senator Kirsten Gillibrand said she had “no involvement” in her son’s derivatives exchange, backed by at least one industry figure. Chris Larsen, co-founder and executive chair of Ripple Labs, was reportedly among those backing the financial venture of US Senator Kirsten Gillibrand’s son as negotiations over a significant piece of crypto-related legislation continue in the Senate. According to a Thursday Politico report, Larsen was one of a handful of investors backing the American Perpetuals Exchange Corp. (APEC), founded by Theodore Gillibrand. Although Larsen’s exact contribution was not included in the report, the majority of investors contributed between $5,000 to $10,000 each into the derivatives platform, which reportedly raised $30 million. The investment comes as the New York lawmaker is involved in negotiations over ethics provisions in the Digital Asset Market Clarity (CLARITY) Act, legislation expected to have...
The global lender says blockchain-based finance could streamline markets but warns that fragmented standards and regulations may create new systemic risks. The International Monetary Fund (IMF) says tokenization could fundamentally reshape how financial markets operate, marking one of the strongest acknowledgments yet from a global policymaker that blockchain-based infrastructure is moving into the financial mainstream. In a blog published Thursday, Tobias Adrian, the IMF’s financial counselor and director of its Monetary and Capital Markets Department, said tokenization is more than a niche crypto innovation. By bringing assets, settlement and recordkeeping onto a shared ledger, tokenization could compress today’s multi-day settlement process into near-instant transactions. Adrian also warned that tokenization shifts risks away from traditional financial intermediaries and toward the underlying infrastructure, including smart contracts, distributed ledgers and service providers. Without common standards and ...
EU authorities already preemptively sanctioned Russia’s digital ruble in 2025 as part of measures in response to the country’s war against Ukraine. Russia’s central bank governor, Elvira Nabiullina, confirmed that the country was prepared to roll out its central bank digital currency (CBDC) in two months, following the timeline it laid out last year. According to a Thursday report from Russian state media outlet RIA Novosti, Nabiullina said that “everyone is ready” for a Sept. 1 digital ruble launch. The CBDC will launch as a complement to Russia’s fiat currency, the ruble, and will initially be accepted by financial and credit institutions. “We want the digital ruble to be in demand by people and businesses, to be convenient, and, of course, we're constantly discussing [...] what functionality to develop,” said Nabiullina in a translated statement. Read more
Bitcoin took daily gains to nearly 4% on the second day of "green July" as US labor-market signals supported an easing inflation policy from the Federal Reserve. Bitcoin (BTC) passed $62,000 at Thursday’s Wall Street open as crypto reacted to weak US employment figures. Key points: Read more
Strategy is a registered US government contractor, though Kash Patel claimed that “no current conflict exists” with his $100,001 and $250,000 worth of the company’s stock that he reported late. Kash Patel, director of the Federal Bureau of Investigation (FBI) , reportedly omitted reporting exposure to Bitcoin treasury company Strategy, in violation of federal law. According to a Wednesday report from the nonpartisan nonprofit news agency NOTUS, Patel “inadvertently omitted” a Strategy (MSTR) investment worth as much as $250,000. The purchase, which Patel conducted on Nov. 21, 2025, wasn’t included in his December 2025 financial disclosures, as required for a government official under the Stop Trading on Congressional Knowledge (STOCK) Act. Source: NOTUS Read more