InstitutionalBlackRock Launches Tokenized Funds for Stablecoin Reserves
BlackRock unveiled BSTBL and BRSRV funds for stablecoin reserves under the GENIUS Act. The firm already manages $60B in Circle reserves.
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InstitutionalBithumb Targets 2028 IPO After Restructuring
South Korean exchange Bithumb is preparing a 2028 IPO after restructuring and a February error involving 620,000 Bitcoin.
RegulationBernstein Warns of Crypto Selloff Risk Over CLARITY Act
Bernstein warns a stalled CLARITY Act could hit Bitcoin. Odds of passage have dropped to 31% on Polymarket amid Senate delays.
RegulationSEC Freezes Nasdaq QBTC Bitcoin Options After CME Challenge
The SEC paused Nasdaq's QBTC bitcoin index options after a CME Group jurisdiction challenge. Review continues through at least August 24.
MarketsTokenized Stocks Surged 288% in July on One Binance Token
Tokenized stock volume hit $11.3B in July, but Binance's QQQB token drove 82% of it. Strip it out and the market shrank 30%.
InstitutionalTrump Media Sells 2,628 More Bitcoin to Crypto.com
Trump Media transferred another 2,628 Bitcoin to Crypto.com. Its reserve shrank to 4,261 BTC over seven months, though the company denies it is a sale.
StablecoinsBank of Italy: Stablecoins Don't Always Beat Remittance Costs
A Bank of Italy study found USDC isn't always cheaper than traditional remittances. Transfer cost depends on fiat conversion, not blockchain fees.
InstitutionalBhutan Hands Part of Its Bitcoin Reserve to Canada's 3iQ
Gelephu Mindfulness City handed part of Bhutan's Bitcoin reserve to Canadian manager 3iQ. The amount and custody details remain undisclosed.
MarketsBitcoin ETFs Close July in the Green, But the Finish Looks Shaky
Bitcoin ETFs pulled in $172.4M in July, reversing a two-month outflow streak, but the month closed with a sharp Friday withdrawal.