Latest Crypto News & Market Updates

Why Brazil's Central Bank Wants to Classify Stablecoins as Electronic Monetary Instruments

Central Bank of Brazil pushes for electronic money regulation for stablecoins　　The debate around stablecoins is taking shape in Brazil, and the central banks opinion offers an insight into what might happen and how these tools might be considered in upcoming regulation.　　In a recent hearing on Tuesday within the Congress Economic Development Committee, the central bank revealed its position, stressing that stablecoins should be considered electronic monetary instruments, a posture rejected by most of the crypto industry.　　Fábio Araújo, consultant for the Department of Regulation of the Financial System (Denor), which assesses the central bank on regulatory issues, argued that stablecoins are different from other assets, such as Bitcoin, and that their regulation should also differ.　　Araújo claimed that digital assets, including bitcoin and ether, constitute unique assets and offer mechanisms that guarantee scarcity, transferability, and verifiability by themselves.　　“With stablecoins, its different… a stablecoin should be considered a real-world asset and, more precisely, when it presents characteristics compatible with means of payment, it should be understood as a form of monetary instrument,”he stressed.　　While this opinion is not definitive or conclusive, it defines the central banks stance on the subject as Congress prepares to consider Bill 4308/2024, introduced in 2024 by Deputy Aureo Ribeiro

07-04Exchange

Coinbase CEO Says AI Has Turned Engineers Into “Super Builders” Shipping 10x More Code

Coinbase CEO Brian Armstrong says his company has become one of the most AI-enabled businesses in the world, and the results are showing up in how much product its engineers are shipping.　　“Were in the age of the super builder,” Armstrong said, describing how AI has transformed what individual engineers at Coinbase can accomplish. He added that the company is now shipping twice as much code overall, with some engineers becoming what he called ten-times contributors who teach best practices across teams.　　Reacting to the same, a user said that former Coinbase employees now working at other crypto companies have described Coinbase as being far ahead of everyone else when it comes to integrating AI into its engineering culture.　　Cutting AI Spend While Usage Grows　　Armstrong also shared how Coinbase has managed to nearly halve its AI spending even as token usage has grown exponentially. The approach comes down to three techniques rather than friction-based controls or budget alerts.　　The first is smarter model routing, which automatically directs each task to the cheapest model capable of completing it well. The second is aggressive caching, which eliminates redundant outputs when the same query appears repeatedly. The third is a deliberate shift toward cheaper open-weight models for

07-04Exchange

Australian Lawmaker, White House Official Report XRP Holdings in Financial Filings

$XRP has appeared in two separate political financial disclosures from Australia and the United States.　　Specifically, Australian federal lawmaker MP Sally Sitou and White House official Ian Kelley both reported holdings of the digital asset in their official filings. The disclosures have attracted attention in the crypto community. Interestingly, one filing lists $XRP as the only cryptocurrency owned by the official.　　Australian MP Lists $XRP as Only Crypto Holding　　Australian Labor MP Sally Sitou disclosed ownership of $XRP in the Australian Parliament‘s Register of Members’ Interests. The filing describes the asset as “Crypto currency (Ripple)” held through Australian exchange CoinSpot.　　The disclosure shows $XRP as Sitous only cryptocurrency investment. The filing does not list Bitcoin, Ethereum, or any other digital assets.　　Australian Labor MP Sally Sitous $XRP disclosure　　Sitou also reported investments in physical gold through ABC Bullion and a large portfolio of traditional stocks and exchange-traded funds. Her Australian holdings include companies such as:TelstraCochlearCommonwealth BankBHPFortescueAGL　　She also disclosed several Vanguard ETFs covering Australian, international, Asian, and high-growth markets. The filing further lists U.S. stocks, including AMD, Meta Platforms, Qualcomm, Costco Wholesale, General Electric, GE Vernova, and Aecom.　　White House Official Reports $XRP in Coinbase Wallet　　Separately, Ian Kelley, White House War Room Director and Special Assistant to the

07-04Exchange

Bollinger Bands creator eyes Bitcoin bear-market end, 'W'-shaped reversal

Bitcoin (BTC) is completing a “perfectly fractal” reversal pattern that a well-known analyst hopes could end the bear market.　　Key points:Bitcoin is on the final leg of what could become a major “W”-shaped reversal pattern.John Bollinger suggests that its success could “break” the downtrend in place since October 2025.Institutional interest slowly returns as newly reclaimed $60,000 holds.　　John Bollinger hints BTC price “W” reversal could break bears　　In X posts on Friday, John Bollinger, creator of the Bollinger Bands volatility indicator, eyed a “W”-shaped double bottom on BTC/USD.　　“$BTC has seen a series of bullish patterns broken, evidence of the power of the downtrend,” he commented.　　“Will this W be the one that breaks the trend？”　　“W”-shaped reversals involve two swing lows with a rejected rebound in between, with price ultimately breaking through that rejection level to form a new uptrend.　　Bollinger uploaded a chart showing how neatly the current setup aligns with the lower band of the Bollinger Bands indicator on daily time frames.　　“Note that it is perfectly fractal. The are small ws at the nadirs and a small m at the apex,” he added, also pointing to a “W” on the weekly chart.BTC/USD one-day chart with Bollinger Bands. Source: John Bollinger/X　　Bollinger has been bullish on

07-04Industry

UK's bold new crypto rules promise to unlock global trading, but huge compliance hurdles still threaten the rollout

The U.K.s Financial Conduct Authority (FCA) unveiled its cryptocurrency regulatory framework this week, winning early praise for taking an internationally connected approach, but industry participants said significant questions remain before Britain can establish itself as a global crypto hub.　　The FCAs package of rules creates a framework that preserves access to global liquidity through overseas trading venues and allows non-U.K.-issued stablecoins to circulate, various industry participants have highlighted.　　“The publication of the FCAs final crypto rules is a major milestone for regulatory clarity and a strong outcome for the U.K.s competitiveness in digital asset innovation,” Katie Harries, Coinbases head of policy for Europe, said in a Telegram message.　　Also, FCAs new measures around global liquidity and non-domestic stablecoins contrast with what many industry participants view as the more protectionist approach set out by the European Unions (EU) Markets in Crypto-Assets (MiCA) regulation, which effectively encouraged firms to ring-fence European operations and liquidity.　　Particularly, FCAs new Qualifying Cryptoasset Trading Platform (QCATP) model should allow overseas exchanges to serve U.K. customers through locally authorized branches connected to existing global trading infrastructure, according to Christopher Collins, a financial markets and regulation partner at Katten Muchin Rosenman.　　“The benefit of such an approach is allowing access for U.K. customers

07-04Exchange

Binance and Coinbase Ready for Huge Cardano Upgrade

According to recent ecosystem data, the layer-1 blockchain is approaching full readiness for the V11 hard fork, which has been officially dubbed “van Rossem.”　　Major cryptocurrency exchanges, including industry giants Binance and Coinbase, have already signaled their operational readiness.　　The much-anticipated upgrade is essentially ready to go, but it still needs to receive the final sign-off from the Constitutional Committee (CC).　　The “van Rossem” hard fork？　　The upgrade has been named after the late Max van Rossem, and it is meant to honor his substantial contributions to building the Cardano community and developing its governance structure.　　Technically, V11 is categorized as an “intra-era” hard fork. This means developers can introduce new features and optimize the protocol without moving to a new blockchain era (this makes it possible to minimize protocol disruptions).　　According to Cardano ecosystem contributors, the hard fork will introduce cheaper smart contracts, ZK-ready cryptography, as well as some new built-in functions.　　The van Rossem hard fork is supposed to act as a bridge to Cardanos next Dijkstra era.　　Full readiness　　The van Rossem hard fork requires the decentralized approval of multiple independent actors.　　The network has already successfully executed the hard fork on its Preview and Preprod testnets to make sure that it is stable enough for a

07-04Exchange

Crypto.com Hires Former Barclays and LSEG Executive to Lead Institutional Expansion

Cryptocurrency exchange Crypto.com has appointed Iskandar Vanblarcum, a former executive at the London Stock Exchange Group (LSEG) and Barclays, as its new managing director. The move signals the exchanges intensified push to attract institutional investors and expand into emerging sectors such as prediction markets and tokenized real-world assets (RWA).　　A Strategic Hire for Institutional Growth　　Vanblarcum‘s background spans traditional finance and capital markets infrastructure. At LSEG, he held roles focused on market structure and institutional client relationships, while at Barclays, he worked within the investment bank’s electronic trading and markets divisions. His experience is expected to help Crypto.com bridge the gap between traditional finance and the digital asset ecosystem.　　The exchange has been actively building out its institutional offerings, including custody solutions, over-the-counter (OTC) trading, and prime brokerage services. This hire aligns with a broader industry trend of crypto platforms recruiting seasoned professionals from legacy financial institutions to enhance credibility and operational sophistication.　　Focus on Prediction Markets and Tokenized Assets　　According to a report from The Block, Vanblarcum will be specifically tasked with driving Crypto.coms future businesses in prediction markets and tokenized real-world assets. Prediction markets allow users to trade on the outcome of future events, such as elections or economic indicators, and have gained

07-04Exchange

What is Robinhood's New L2 Blockchain？

Robinhood Chain is Robinhoods (@RobinhoodApp) own Ethereum Layer 2 blockchain, and its public mainnet went live on July 1, 2026. It is built to move tokenized stocks, DeFi products and AI-driven trading onto a network that connects straight into Robinhoods app and self-custody wallet. The company switched it on at a London keynote called “The World is Flat,” and HOOD stock climbed more than 8% after the event.　　The more interesting part is what is not new here. Under the branding, Robinhood Chain is a fairly standard Layer 2. The story is less about the technology and more about who is pushing millions of users toward it.　　What is Robinhood Chain built on？　　Robinhood Chainruns on Arbitrums Orbit technology, the same stack behind many custom Layer 2 networks. It settles transactions on Ethereum as an optimistic rollup and uses ETH to pay for gas. There is no separate Robinhood chain token for governance or fees, at least none that the company has announced.　　That design gives it Ethereums security while keeping costs lower than the base layer. Robinhood claims block times of roughly 100 milliseconds, which is fast for a Layer 2 and aimed at trading. The network is fully compatible with Ethereum tooling,

07-04Exchange

SOL rallies as Solana memecoins, prediction market activity surge: Are bulls back？

Key takeaways:Solanas tokenized assets and memecoin revival drove SOL to a 30-day high at $83.Bullish leveraged appetite cooled sharply, suggesting traders are hesitant to bet on further gains to $90.　　Solanas SOL token jumped to its highest mark in over 30 days on Friday at $83, marking a decoupling from the altcoin market. SOLs rally gained steam from a surge in tokenized trading volume on Solana, inflows of stablecoin liquidity, and an unexpected comeback in memecoin activity. Can SOL reclaim the $90 level？　　Total altcoin market capitalization, USD (left) vs. SOL/USD (right). Source: TradingView　　SOL‘s bullish momentum ignited on June 23, coinciding with cumulative tokenized stock transfers on Solana surpassing $10 billion. The launch of SpaceX shares trading by Backpack propelled Solana’s decentralized finance (DeFi) utilization. In contrast, the broader altcoin market extended its downtrend, hitting the lowest level since December 2023.30-day tokenized assets net flows ex-stablecoins, USD. Source: RWA.xyz　　Tokenized assets on the Solana network surged to a record-high $3.5 billion on Wednesday, up from $2.7 billion one month prior. The recent boost came from corporate credit tokens and stock market indexes, such as the S&P 500 and the Nasdaq-100. According to RWA.xyz data, Solana leads with 294,274 active addresses in the tokenized

07-04Industry

Bitcoin, Ether extend relief rallies as extreme fear meets renewed ETF buying

Bitcoin (BTC) rallied, $50 short of $63,000, on July 3, and Ether (ETH) outperformed the wider market, pushing to $1,775. The end-of-week rally comes a few days after BTC fell to a 21-month low and ETH sank to fresh year-to-date lows. Highlighting the negative sentiment, the Crypto Fear & Greed index registered “Extreme Fear” at 11 out of 100.Crypto Fear & Greed Index. 　　That gap between the “Extreme Fear” reading and Fridays bullish market activity is worth noting. On July 2, US spot Bitcoin exchange-traded funds (ETFs) took in a net $221.7 million, their largest single-day inflow since early May and a break from 10 consecutive days of outflows.Spot Bitcoin ETF netflows. 　　Futures markets fuel Bitcoin and Ether gains　　The leverage side of the crypto market looks more one-sided than the spot buying data alone would suggest. “Funding,” the periodic payment traders holding bets on higher prices make to traders betting on lower prices when the market leans bullish, has stayed positive for the past eight days and has been climbing throughout this period.Bitcoin open interest, funding rate. 　　The total amount of outstanding leveraged Bitcoin positions is also near its highest level in the past several days, even though the price

07-04Industry

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