Investment Giant Fidelity Backs Clarity Act

Investment giant Fidelity is the latest big player to back the latest version of the long-awaited Clarity Act.  The Boston-based firms “Public Policy” account on X said Friday that it was urging the Senate to pass the bill.  Lawmakers have been hashing out the crypto market structure bill since last year. A new improved draft circulating the Senate this week bans officials and their families from issuing or promoting crypto — a sticking point for opposition politicians.  “The time is now for clear rules of the road that are essential to strengthening investor confidence, providing certainty for market participants, and reinforcing U.S. leadership in global digital asset markets,” the company said.  Fidelity — which manages around $7 trillion in assets — was joined Friday by crypto advocacy groups the Crypto Council for Innovation, Blockchain Association, and the Digital Chamber, as well as the National Fraternal Order of Police and other politicians in backing the bill.  Top asset manager Fidelity is interested in the bill as the firm manages Bitcoin and other digital asset exchange-traded funds: products which give American investors exposure to crypto via shares that trade on stock exchanges.  The SEC approved a number of spot BTC ETFs in 2024, which have since gone on

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Strategys STRC tops major ETFs despite trading below $100

Strategys STRC preferred stock has become the largest holding in three major U.S. preferred stock ETFs, which collectively own $756 million of the security even as its price remains about 13% below its $100 par value.  SummarySTRC has become the largest holding in three major preferred stock ETFs with $756 million invested.Institutional holdings have risen 105% as retail ownership fell from 78% to 71%.Strategy plans to issue more STRC and buy Bitcoin once the stock returns to $100.  Michael Saylor, Strategy‘s co-founder and executive chairman, disclosed that STRC now leads the portfolios of BlackRock’s iShares Preferred and Income Securities ETF (PFF), Virtus InfraCap‘s U.S. Preferred Stock ETF (PFFA), and VanEck’s Preferred Securities ex Financials ETF (PFXF). In a July 24 X post, Saylor described the placements as evidence that Strategys “digital credit” products are entering institutional portfolios.  Digital Credit is entering the institutional mainstream. $STRC is now the largest holding in three leading U.S. preferred stock ETFs, with $756 million held across BlackRock‘s $PFF, Virtus InfraCap’s $PFFA, and VanEcks $PFXF.   The three funds give investors indirect exposure to STRC alongside preferred securities issued by established U.S. companies. According to Saylors figures, their combined STRC position has reached $756 million, making the security the

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TON Price Prediction: Momentum Flatlines at $1.60 — $1.52 Flush or $1.67 Breakout Coming Fast

Peter Zhang  Jul 24, 2026 09:10  Toncoin is nailed to $1.60 with MACD momentum clinically dead and every major moving average stacked overhead like a wall; the high-probability path targets a $1.52–$1.55 washout, but an anomalousl…  Market Context: Why TON is Moving Now  Toncoin isn‘t moving — that’s the entire story. A six-cent trading range and sub-$8M Binance spot volume in a 24-hour window tells you exactly where this asset ranks in the current risk-appetite hierarchy: nowhere. Nobody is fighting over TON right now, and the chart architecture reflects that indifference brutally. The SMA 50 at $1.78 and SMA 20 at $1.64 loom overhead like concrete ceilings, while the only floor with any meaningful structural weight is the SMA 200 at $1.55 — the same level analyst Darius Baruo identified on July 11 as his gravitational target, calling a $1.52–$1.55 flush at 60% probability, as reported by Blockchain.news. Two weeks later, that flush still hasnt materialized — but neither has a recovery. TON is simply trapped.  Thin volume beneath descending moving averages is never a neutral read. It means sellers dont need to be aggressive. Gravity is doing their work for them.  Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below

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Why Selling To One Country Is A Bigger Risk Than Sourcing From One

Flags of multiple countries flying on flagpoles against a blue sky, representing global trade and international e-commerce.  PEXELS  A few weeks ago I wrote about brands that move production from China to Vietnam and find out they never really left, because the parts and the tooling still come from China. Consider this part two. The same brands tend to make a second version of that mistake at the other end of the business. They spread out where they make their product, then sell almost all of it into one country: the United States. (Cross-border sales are still under a fifth of all online commerce.)  The whole idea behind spreading production is that leaning on one country is a risk. That‘s what “China plus one” is, building a second base alongside China so your whole supply doesn’t depend on one place. Investors have pushed brands toward this for years. But if it‘s dangerous to depend on one country to make your product, it’s just as dangerous to depend on one country to buy it. When all of your customers sit in one market, all of your revenue rides on that markets currency, its spending and its trade rules. If any one of those moves

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Paramount agrees to delay WBD acquisition to as late as June 2027

Paramount Skydance has agreed to delay its proposed acquisition of Warner Bros. Discovery to as late as June 2027 — a multi-month delay that will ultimately raise the deal price — as the tie-up faces a legal challenge.  Last week, a group of state attorneys general led by Californias Rob Bonta sued to block the deal over antitrust concerns. On Monday, a judge reviewing the case issued a temporary restraining order, delivering a near-term delay.  Paramount had repeatedly said it intended to complete the transaction by the end of September.  Yet in a statement Friday, Paramount called the agreement a “significant win.”  “The result is exactly what we have sought from the outset: a direct path to a trial based on the evidence. This is the fastest and clearest way to prove that this transaction is good for competition, good for consumers, and good for creators, a conclusion dozens of competition authorities around the world have already reached,” the company said. “Plaintiffs‘ market definitions bear no relationship to the realities of today’s marketplace and cannot withstand scrutiny. We look forward to proving our case at trial.”  Shares of Paramount Skydance fell 3% in afternoon trading Friday.  Under the terms of its agreement, Paramount will owe Warner

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Crypto's institutional influx has killed the memecoin craze

It points to a broader change in how capital flows through crypto. The introduction of U.S. spot bitcoin ETFs in 2024 accelerated the institutionalization of the market, drawing in a class of investors who have little interest in meme tokens and significant interest in bitcoin as a macro asset. Capital has also been pulled away by other emerging sectors with links to traditional finance, such as real-world assets.  Capital that once chased speculative memecoins is consolidating into bitcoin and other major market sectors. This, coupled with higher interest rates worldwide, indicates that the era of easy money through memecoins is gone.  As for short-term market trends, positioning in the options market points to a constructive outlook among traders with expectations for a BTC price increase to at least $72,000. Stay alert!  Read more: For analysis of todays activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesks “Crypto Week Ahead.”  Whats trendingTrump considering a ‘massive attack’ on Iran as Tehran labels UK ‘accomplice’ to America (CNBC): U.S. President Donald Trump said he will soon decide on whether to launch a “massive” and “bigger than ever before” attack on Iran after the conflict expanded to

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EU hits Russia with massive 21st sanctions package targeting $120B crypto network

SummaryThe European Union has expanded its Russia sanctions to target the A7 cross-border payments network, including its new links to Africa, and the A7A5 stablecoin used for sanctions evasion.The latest package widens a transaction ban to 14 crypto-related platforms in countries including Georgia, the UAE and Panama, and introduces a tool that could allow a full ban on crypto-asset services used by Russia.Alongside the digital asset measures, the EU is freezing assets and banning transactions for 94 banks and major financial institutions, and extending its transaction ban to 33 additional Russian credit and financial institutions.  The European Union (EU) extended sanctions against Russia to include four designations related to the cross-border A7 network, including its new links to Africa.  The EU is also extending its transaction ban to 14 unnamed crypto-related service platforms based in Georgia, Panama, the United Arab Emirates (UAE), the Marshall Islands, Kyrgyzstan and Belarus.  Chainalysis recently noted that on the A7 network, where the A7A5 stablecoin operates, has processed nearly $120 billion to date and that it is purposely built for Russias sanctions evasion.  “We‘re hitting over a hundred banks and crypto operators, 40+ vessels in Russia’s shadow fleet, and several oil refineries in Russia and Belarus,” Kaja Kallas, High

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After Twenty One Exit, Jack Mallers Says Bitcoin Taught Him Hard Lessons

Rather than predicting prices, Maller argued Bitcoins toughest periods are what keep the network and its participants honest.  Jack Mallers says Bitcoins bear market has left him “getting my ass kicked,” but the Strike founder believes that is exactly what makes the asset different from traditional financial systems.  In an essay published Friday, just days after stepping down as CEO of Twenty One Capital, Mallers argued that Bitcoins painful downturns expose reality instead of hiding it.  Mallers Says Bitcoins Pain Has a Purpose  Mallers wrote that he originally drafted the essay on July 11, before resigning from Twenty One Capital, intending to publish it the following Monday. That plan changed after he was told to wait until his departure became public.  In the opening note, he acknowledged that the company he believed he was building and the direction it ultimately took “were no longer the same,” leading him to step away. He also accepted responsibility for helping create expectations that “were not ultimately fulfilled,” while making clear that the essay was not intended as a defense of his decision.  Instead, Mallers used Bitcoins latest bear market as a lens through which to examine leadership, conviction, and failure. Although BTC is trading almost 50% below its all-time

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Police group, crypto association back revised CLARITY Act as support broadens

The revised CLARITY Act has gained backing from both the National Fraternal Order of Police [FOP]and the National Cryptocurrency Association [NCA], with the two organizations endorsing the legislation for different reasons.  The FOP said changes to the latest version of the bill addressed its concerns over law enforcement powers. At the same time, the NCA argued the legislation strengthens consumer protections and provides clearer rules for the digital asset industry.  Police group says revised bill strengthens enforcement powers  In a letter dated July 24, the National Fraternal Order of Police, which represents more than 382,000 law enforcement officers, urged Senate Banking Committee Chairman Tim Scott and Ranking Member Elizabeth Warren to support the revised CLARITY Act.  The organization said it had reviewed changes to the Blockchain Regulatory Certainty Act [BRCA] provisions and was satisfied that they would not limit law enforcement agencies‘ and prosecutors’ ability to investigate crimes involving digital assets.  Source: X  The FOP also highlighted provisions covering anti-money laundering and sanctions compliance, digital asset kiosks, seizure and tracing authorities, temporary transaction holds requested by law enforcement and new grant and training programmes aimed at strengthening digital asset investigations.  According to the letter, the revised legislation also establishes a digital asset cyber innovation center. It clarifies

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Bitfinex completes El Salvador licence set across three markets

Bitfinex has secured a Digital Asset Service Provider licence in El Salvador, completing a local regulatory structure covering spot trading, crypto derivatives and tokenized securities.  SummaryBitfinex now holds Salvadoran approvals spanning spot trading, derivatives and regulated tokenized securities services locally.CNAD registered two core Bitfinex entities in April, adding them to existing licensed operations there.El Salvador remains central to Bitfinexs Latin American strategy for trading and tokenized capital markets.  The exchange announced the approval on May 12, after the National Commission of Digital Assets registered two Bitfinex-linked operating entities on April 23.  The new approval brings the core Bitfinex trading platform alongside Bitfinex Securities El Salvador and Bitfinex Derivatives El Salvador. Bitfinex said the structure gives the group a regulated presence across its main businesses in the country, although product access will still depend on customer eligibility, location and the platforms terms.  You might also like:  Bitcoin price retreats to $65K ahead of $1.2B options expiry  Core Bitfinex platform joins regulated local entities  El Salvadors CNAD public registry lists BFXNA El Salvador under registration PSAD-0082 and BFXWW El Salvador under PSAD-0083. Both registrations cover activities that include exchanging digital assets, operating trading platforms, transferring assets, custody, receiving client orders and executing trades in digital asset derivatives.  The registry entries

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