House of Representatives Moves Crypto Laws to Final Vote
According to CoinDesk, after a nearly 10-hour voting marathon, the US House of Representatives moved crypto laws to the final voting stage. After the procedural vote was approved by 217 to 212, the stablecoin bill is expected to be voted on Thursday. The CLARITY and GENIUS bills are also scheduled to be voted on soon.
Regulation Prohibiting the Fed from Issuing Digital Currency to be Included in NDAA
US House Speaker Mike Johnson announced that a provision banning the Federal Reserve from issuing digital currency will be added to the National Defense Authorization Act (NDAA) by the end of the year. Following this assurance, the stablecoin bill moved forward with Republican support. According to sources, Trump intervened in the process at the last minute by phone and was pleased with the outcome.
China Property Fund Launches Tokenized Money Market Funds
According to Foresight News, the China Property Fund (Hong Kong) has launched two tokenized funds denominated in US dollars and Chinese yuan. The yuan-denominated fund is the first of its kind in the world. These funds can be verified in real time on the blockchain and accessed through virtual asset platforms.
Strategy to Release Financial Report on July 31
According to Businesswire, Strategy will announce its second-quarter 2025 results after market close on July 31. A video seminar will be held at 5:00 p.m. on the same day to share details.
Trump Media Files Trademark Applications in AI Field
According to Globenewswire, Trump Media Technology Group, owner of Truth Social, Truth+, and Truth.Fi, has filed applications for two new trademarks: “Truth Social AI” and “Truth Social AI Search.” The company plans to integrate AI into its mobile applications and web platform through these trademarks.
Major US Banks Accelerate Stablecoin Plans
According to Reuters, leading banks such as Bank of America, Citigroup, and JPMorgan are continuing their preparations to launch stablecoins. Citigroup CEO Jane Fraser stated that this move would benefit digital payments, while Bank of America announced its plans but did not share a timeline. JPMorgan is also showing interest in stablecoins.
GameStop is Evaluating a Crypto Payment Option
GameStop CEO Ryan Cohen told Cointelegraph that the company is considering accepting crypto payments for collectible products and card trading. Emphasizing that cryptocurrencies serve as a hedge against inflation, Cohen noted that the company has not yet selected a specific token.
Bitcoin Spot ETFs See Net Inflows of $799 Million for 10th Consecutive Day
According to SoSoValue data, Bitcoin spot ETFs saw a net inflow of $799 million on July 16. BlackRock’s IBIT fund led with $764 million, while the total ETF asset value reached $153.76 billion.
Ethereum Spot ETFs Set a Single-Day Record: $727 Million
SoSoValue data showed that Ethereum spot ETFs set a record with $727 million in net inflows on July 16. BlackRock’s ETHA fund received $499 million, while Fidelity’s FETH fund saw $113 million in inflows. The total value of ETFs reached $16.41 billion.
by Darkex Research – 1 min read
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