Senate Adds Crypto Market Structure Reform to Its Agenda
Following the “Big and Beautiful” bill, the House of Representatives took a break from its sessions this week, while the Senate focused on crypto.
The Senate Banking Committee will hold a hearing on Mercoledì aimed at establishing a regulatory framework for the $3 trillion digital asset industry. Additionally, a draft market structure reform bill incorporating elements from the 2023 Lummis-Gillibrand Act and the CLARITY Act is expected to be released this week.
US Treasury Secretary Bessent to Meet with Chinese Officials
US Treasury Secretary Bessent announced plans to meet with Chinese officials in the coming weeks to discuss trade and other economic issues. The talks are said to be aimed at advancing US-China trade relations.
Dubai Approves Tokenized Money Market Fund
The Dubai Financial Services Authority (DFSA) has approved the QCD Money Market Fund, backed by Qatar National Bank and DMZ Finance, allowing the first tokenized money market fund to be issued in the Dubai International Financial Center (DIFC). The fund will offer institutional solutions by transferring traditional assets such as US Treasury bonds onto the blockchain.
BlackRock’s IBIT ETF Surpasses 700,000 BTC Threshold
BlackRock, the world’s largest asset manager, saw its spot Bitcoin ETF, IBIT, reach 700,307 BTC after receiving $164.6 million in inflows on Lunedì. The fund’s value is approximately $75.5 billion.
The Blockchain Group to Raise €3 Million for Bitcoin Reserve Strategy
Europe-based The Blockchain Group plans to raise €3 million through a capital increase of approximately €4,056 per share under an agreement with TOBAM. The funds will be used to advance its Bitcoin reserve strategy.
Bitcoin Mining Company Cango’s Reserve Reaches 4,000 BTC
Cango announced that it has increased its reserve from 3,879 BTC, as disclosed at the end of Giugno, to 4,000 BTC.
Eric Trump to Attend BTC Asia Hong Kong Summit
Eric Trump will attend the BTC Asia summit in Hong Kong on Agosto 28-29. The Trump family has recently begun to appear at numerous crypto events. Eric Trump previously described Bitcoin as “digital gold.”
Murano Global Investments Establishes Bitcoin Reserve with a $500 Million Deal
Murano, a real estate company listed on the Nasdaq, has announced its Bitcoin reserve strategy. The company, which raised funds through a $500 million share agreement, purchased 21 BTC (approximately $2.1 million) and joined the “Enterprise Bitcoin Alliance” led by MicroStrategy.
U.S. Court Ends Tornado Cash Case Between Coin Center and Treasury Department
The U.S. Court of Appeals rejected Coin Center’s appeal against sanctions imposed on Tornado Cash. This marks the end of Coin Center’s legal battle against OFAC.
Truth Social Submits Bitcoin and Ethereum ETF Application to SEC
The SEC has officially confirmed that it has received Truth Social’s Bitcoin and Ethereum ETF application documents.
Strategy, a subsidiary of MicroStrategy, has signed a sales agreement to issue up to $4.2 billion in shares under the symbol STRD. The proceeds will be used for various purposes, including Bitcoin purchases and working capital.
TON Foundation Seeks Vice President of Marketing
TON Foundation has announced that it is seeking a new vice president of marketing to develop global marketing strategies and execute content production. This development comes on the heels of recent confusion surrounding the UAE’s “golden visa” program.
Threshold’s tBTC Launched on the Sui Network
Threshold Network’s Bitcoin-pegged tBTC token is now available on the Sui blockchain. This move is expected to bring over $500 million in Bitcoin liquidity to the Sui ecosystem.
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