According to a July 9 announcement, Ripple has appointed BNY Mellon as the official reserve custodian for its enterprise-focused stablecoin, Ripple USD (RLUSD). According to a July 9 announcement, BNY Mellon was selected based on its extensive experience in digital asset infrastructure and its role as a trusted provider of transaction banking services in the US. The […]
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Boeing delivered 60 airplanes last month, the most since December 2023, as the plane maker seeks to raise production of its bestselling 737 Max jets after a series of manufacturing and safety problems. The tally was the highest since before a door plug from one of its new 737 Max 9 planes blew out midair […]
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Metaplanet, the Japanese Bitcoin treasury firm, has revealed a bold strategy to convert its growing Bitcoin reserves into capital for acquiring profitable businesses. According to a July 8 Financial Times report, Metaplanet CEO Simon Gerovich said the company is preparing for a second phase where it can use Bitcoin as collateral to access bank financing. […]
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BlackRock’s IBIT Spot Bitcoin ETF has officially crossed 700,000 BTC in assets under management, valued at approximately $76 billion as of July 17. The milestone comes just 18 months after the fund’s launch in January 2024, marking a rapid accumulation pace that has drawn industry-wide attention. Bloomberg Senior ETF Analyst Eric Balchunas highlighted the achievement […]
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The Ethereum Virtual Machine (EVM)-compatible sidechain of the XRP Ledger is showing early signs of traction among developers, with over 1,400 smart contracts deployed just one week after launch. On July 7, Peersyst confirmed the strong demand in a post stating that nearly 1,400 smart contracts had gone live within the first week. As of […]
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Crypto investment products continued their strong momentum last week, recording $1.04 billion in inflows, according to the latest CoinShares report. This marks the 12th straight week of positive inflows, pushing the year-to-date total to $18 billion. The surge was accompanied by increased trading activity, with weekly volumes rising to $16.3 billion. As a result, the […]
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More than 50 institutions, including major stablecoin issuers and crypto service providers, have received regulatory approval under the European Union’s Markets in Crypto-Assets (MiCA) framework within the first six months of the regulation. On July 7, Circle executive Patrick Hansen shared new data from the European Securities and Markets Authority (ESMA), revealing that 53 entities […]
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Chinese chain Luckin Coffee opened its first two U.S. locations this week, betting that mobile-only ordering and creative flavors can lure customers away from Starbucks. Both new Luckin stores are based in Manhattan, and at the midtown location on Wednesday, Sam Liu took a sip of her jasmine cold brew. “I’ve never tried anything like […]
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Prediction market data shows traders are wagering millions on the price of Bitcoin reaching levels above $120,000 in 2025. On the decentralized platform Polymarket, a market asking what price Bitcoin will hit in 2025, has attracted over $15.5 million in volume. Traders assign a 75% probability that the asset will exceed $120,000 by the end […]
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While the broader crypto market remains subdued, with both Bitcoin and Ethereum posting slight losses, a select group of altcoins have defied the trend, registering substantial gains over the last 24 hours. These market-defying rallies appear disconnected from general market sentiment, instead fueled by project-specific catalysts, including major exchange listings, deflationary tokenomics, and strategic partnerships. […]
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