House eyes Wednesday re-vote on crypto bills after procedural defeat
The U.S. House of Representatives is preparing to retry a key procedural vote on Wednesday, July 16, that would allow floor debate on a trio of major cryptocurrency bills, after GOP hardliners derailed the effort on Tuesday. As reported by…...
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Aave eyes breakout above $330 as TVL surpasses $30B for the first time
Aave is trading near a key resistance level after steady gains in recent weeks as on-chain metrics surge. At press time, Aave (AAVE) is priced at $329, up 6% over the past 24 hours and 18% over the last month.…...
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Trump Says 11 Of 12 Republicans Needed Now Support Stablecoin Bill After Earlier Setback — They’ve All Agreed To Vote In Favor
President Donald Trump said Tuesday he has secured the commitment of House Republicans to vote in favor of the GENIUS Act after procedural failures halted its progress earlier in the day. What Happened: In a Truth Social post, Trump said that he had secured the support of 11 out of the 12...
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BigONE suffers supply chain attack with over $27m losses
BigONE became the victim of a supply chain attack, which resulted in damages amounting to more than $27m losses. The attacker was able to withdraw funds from a network exploit. On July 16, the crypto exchange suffered a third-party attack…...
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GameStop may accept crypto payments for trading card purchases: report
GameStop, the American video game retailer, will consider accepting cryptocurrencies as payment for trading card purchases, according to the company’s CEO, Ryan Cohen. During his latest appearance on CNBC’s Squawk Box, Cohen said the company is exploring the use of crypto…...
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JP Morgan to ‘get involved’ in stablecoins despite CEO skepticism
TradFi giant JPMorgan Chase is moving ahead with stablecoin-related efforts, even as CEO Jamie Dimon remains unconvinced of their broader appeal. On the bank’s latest earnings call, according to CNBC, Dimon revealed that JPMorgan plans to be actively involved in…...
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Robinhood CEO Vlad Tenev Defends Tokenizing Elon Musk’s SpaceX, Sam Altman’s OpenAI: ‘They Were A Little Bit Upset…’
Vlad Tenev, the CEO of Robinhood Markets Inc. (NASDAQ:HOOD), is defending his company’s bold move to give retail investors exposure to shares in high-profile private companies such as SpaceX and OpenAI, without seeking their permission. Check out the current price of HOOD stock here. What Happened: Speaking on the 20VC...
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Crypto Week Stalls Out as House Vote Fails
What was meant to be a big legislative moment for crypto policy ran into a wall on Tuesday. Three major digital asset bills got stopped cold in the House after a group of 13 Republicans broke ranks and joined Democrats to block a key procedural vote. That vote was...
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JPMorgan and Citi Explore Stablecoins as Digital Payments Grow In Popularity
Two of the world’s largest banks are stepping further into the stablecoin world. JPMorgan and Citigroup are both exploring how these digital assets could become part of mainstream finance, and this time, it is more than just talk. On recent earnings calls, JPMorgan CEO Jamie Dimon and Citigroup CEO...
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How Bitcoin Could Hit $200K on Global Institutional Inflows Alone
“Institutional capital can no longer ignore the returns that Bitcoin is providing,” reported the Kobeissi Letter on Tuesday. The cryptocurrency cannot be ignored because it has yielded a 90% compound annual growth rate (CAGR) over the past 13 years, which no other asset can match. Even “conservative” funds are...
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