Author: James Wilson
New York Attorney General Letitia James has urged Congress to revise the CLARITY Act, warning that the crypto market structure bill could restrict states from prosecuting fraud and enforcing investor protection laws. Summary James said the bill could preempt state investor protection laws and weaken local enforcement. State and local authorities account for about 98.8% of arrests nationwide, according to her testimony. Senate Republicans need 60 votes to advance the legislation through the cloture process. Banking, ethics and enforcement disputes remain unresolved before the Senate’s August recess. James challenges the CLARITY Act’s enforcement rules James raised the concerns in written…
X Money has begun rolling out to Premium and Premium+ subscribers in the United States, adding deposit accounts, instant transfers, and a Visa debit card directly to the social media platform. Summary X Money offers annual yields of up to 6% and free transfers between users. Eligible X Card purchases can earn 3% cashback, with free ATM withdrawals also available. A cash sweep program provides eligible users with up to $10 million in FDIC coverage. X has not announced support for Bitcoin, Dogecoin, or any other cryptocurrency. X Money brings banking tools inside the social platform X Money combines peer-to-peer…
Cantor Fitzgerald is advising Swiss digital asset lender AMINA Bank on a possible public listing as the Wall Street firm expands its role in crypto capital markets. Summary AMINA Bank is considering a public listing, although its valuation and preferred exchange remain undisclosed. Cantor’s mandate follows its onchain IPO partnership with Securitize, announced earlier in July. AMINA recorded 69% revenue growth in 2024 and holds regulatory approvals in Switzerland and Europe. Cantor is also reportedly pursuing a separate deal involving up to 30,000 Bitcoin from Blockstream. AMINA Bank considers a public listing According to reports, Cantor Fitzgerald is advising AMINA…
Tether Gold has secured Shariah certification for XAU₮, widening the gold-backed token’s potential use among Islamic banks, institutions, and individual investors. Summary Amanah Advisors certified XAU₮ after reviewing its structure against Islamic finance principles. Each XAU₮ token represents one troy fine ounce of physical gold held in Swiss vaults. Tether Gold’s locked value has more than tripled to about $2.86 billion over the past year. The approval follows XAU₮’s recognition as an Accepted Spot Commodity in Abu Dhabi. XAU₮ receives Shariah approval from Amanah Advisors Tether announced on July 27 that XAU₮ had received Shariah compliance certification from Amanah Advisors,…
Tokenized stock adoption nearly doubled over the past month as Robinhood attracted hundreds of thousands of retail holders, although Ondo continued to lead the sector by asset value. Summary Tokenized equity holders increased 92% in 30 days, reaching 752,000 across five major platforms. Robinhood captured 328,000 holders and a 44% share, but held only $44 million in assets. Ondo led with $857 million, followed by xStocks at $487 million and Securitize at $245 million. US transfer-agent groups want the SEC to prioritize issuer-backed tokenized securities over unaffiliated products. Tokenized stock holders rise 92% in one month Tokenized equity platforms reached…
The U.S. Commodity Futures Trading Commission has asked a federal court to expedite its ruling against Minnesota before the state’s prediction-market ban takes effect on Aug. 1. Summary Minnesota’s ban takes effect Aug. 1, leaving the court only days to decide on injunctive relief. Kalshi and Polymarket joined the CFTC’s request for a temporary administrative stay. The CFTC may seek emergency appellate relief if the district court does not act promptly. Industry groups argue that one federal framework should govern regulated event contracts across the United States. CFTC presses court as Aug. 1 deadline approaches The CFTC requested expedited handling…
Tesla has secured a UK Supreme Court victory that revives its legal challenge over the licensing terms for patents needed to launch 5G-enabled vehicles in Britain. Summary Tesla can resume its FRAND licensing claim against InterDigital and patent platform Avanci. Avanci’s proposed licence reportedly cost $32 for each 5G-connected vehicle when proceedings began. Tesla continues to hold 11,509 Bitcoin despite recording a $112 million quarterly digital-asset loss. Dogecoin remains available for eligible Tesla Shop products, but not for vehicle purchases. Tesla revives UK lawsuit over 5G patents Britain’s Supreme Court ruled in Tesla’s favor on July 27, overturning earlier decisions…
Pump.fun’s PUMP token extended its recovery on July 27, rising above $0.002 after the platform’s BOOST rollout and a sharp increase in trading activity strengthened buying pressure. Summary PUMP price traded near $0.00214, gaining 6.24% on the daily candle and nearly 20% from its recent low. Trading volume jumped 183.8% above $85 million, according to CoinGecko data supplied for this analysis. Price reclaimed the $0.00190 Fibonacci level, opening a path toward resistance at $0.00226. A bullish MACD and Supertrend reversal support further gains, but $0.00226 remains a key test. PUMP price reclaims $0.002 after BOOST launch According to data from…
Zcash is expected to activate its NU6.3 “Ironwood” network upgrade at block height 3,428,143 on July 28. Summary Ironwood activates at block 3,428,143, replacing Orchard with a separately tracked shielded transaction pool system. The turnstile blocks more ZEC leaving Orchard than entered, strengthening public supply verification after migration. Quantum-recoverable notes support future recovery, but Ironwood does not make Zcash quantum-secure today by itself. The Zcash Foundation’s Zebra 6.0.0 release places the estimated activation near 13:00 UTC and tells every node operator to upgrade before the fork. The upgrade introduces a new shielded pool and a v6 transaction format. It follows…
A US exchange can list a new prediction market by filing a form saying the contract complies with the law, and start trading the next day. No approval required. Summary Prediction market prices are well calibrated overall: studies of thousands of settled markets find outcomes occurring at close to their implied frequencies, with accuracy that beats individual experts and polls. The best-documented distortion is the favorite-longshot bias: cheap contracts win less often than their prices imply and expensive contracts win slightly more, so buyers of long shots earn systematically negative returns. Capital lock-up is the least discussed distortion: a contract…