MARA Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading higher on Wednesday.</a>



The crypto-firm&nbsp;reported Tuesday second-quarter revenue of $238.5 million, beating<a target="_blank" href="https://www.benzinga.com/markets/earnings/25/07/46706807/mara-holdings-stock-moves-higher-on-better-than-expected-q2-earnings" rel="noreferrer noopener"> analyst estimates of $218.45 million</a>.



The Bitcoin mining company reported second-quarter earnings of $1.84 per share, beating analyst estimates of 69 cents per share.



Also Read: <a target="_blank" href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46718331/bitcoin-to-hit-150k-by-year-end-says-terahash-mstr-mara-riot-coin-and-other-btc-linked-stocks-are-poised-to-soar" rel="noreferrer noopener">Bitcoin To Hit $150K By Year End, Says TeraHash: MSTR, MARA, RIOT, COIN And Other BTC-Linked Stocks Are Poised To Soar</a>



<h2 class="wp-block-heading">Analyst Reaction To Earnings</h2>



H.C. Wainwright: Analyst Kevin Dede reiterated the Buy rating, with a price forecast of $28.



According to Dede, Bitcoin's lower pricing on March 31 versus December 31 resulted in a non-cash fair value adjustment of roughly $510 million, which severely impacted MARA's earnings per share.



Dede emphasizes that, philosophically, MARA has not altered its core strategy.



The analyst notes that recent commentary reaffirms the company's continued focus on power conversion technology—whether through bitcoin mining or heat generation—with a consistent push to drive energy costs toward zero.



This is a theme the analyst has reiterated many times in prior coverage.



The analyst notes that revisiting this strategy is useful for contrasting MARA's approach with that of peers who are slowly or rapidly shifting their mining focus toward high-performance computing (HPC).



Dede also highlights progress on MARA's two-phase immersion cooling (2PIC) initiative, which is now in a 30MW pilot phase aimed at refining the design. The analyst notes that a cold-plate variant of the system is under development.



While this version is still based on two-phase cooling, it follows the cold-plate format, which Dede sees as aligning with what's emerging as the industry standard for HPC systems.



The analyst adds that MARA's shift in this direction may involve collaborations with large compute OEMs, potentially including firms like Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) or NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).



Dede indicates that the FY25 sales estimate for MARA has been revised downward to $822.5 million, a reduction from the earlier projection of $895.9 million.



Rosenblatt: Analyst Chris Brendler reiterated the Buy rating with a price forecast of $20.



Brendler notes that while some of the recent upside from bitcoin was partially offset by increased hash costs, mining expenses are expected to improve in the second half of FY25.



The analyst points to the addition of new low-cost sites and better fleet efficiency as key drivers behind this anticipated cost reduction.



Brendler adds that the company's ongoing focus on global expansion is likely to contribute to further margin gains.



In his view, these efforts place MARA in a strong position to maintain its leadership in the sector, particularly as several competitors begin shifting their attention toward high-performance computing (HPC).



Price Action: MARA shares are trading higher by 1.81% to $16.94 at last check Wednesday.



Photo via Shutterstock

MARA's Power Efficiency and Global Expansion Keep It Ahead Of Peers: Analyst

Cryptocurrency markets are trading down after the Federal Reserve decided to keep the Federal Funds rate unchanged.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$116,074</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$3,690</td></tr><tr><td>Solana</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>$172.30</td></tr><tr><td>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$3.02</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.2109</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001241</td></tr></tbody></table></figure>



Notable Statistics:



<ul class="wp-block-list">
<li>IntoTheBlock data shows Bitcoin and Ethereum large transaction decreased by 9.6% and 20.8%, respectively. Daily active addresses moved higher by 2.5% and 12.7%, respectively.</li>



<li>Coinglass data shows 108,863 traders were liquidated in the past 24 hours for $216.32 million.</li>



<li>The top losers in the past 24 hours include SPX6900, Bonk and Conflux.</li>
</ul>



Notable Developments:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46721901/jpmorgan-partners-with-coinbase-to-expand-crypto-access-for-80m-customers">JPMorgan Partners With Coinbase To Expand Crypto Access For 80M Customers</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46720657/turkeys-uber-joins-strategy-tesla-as-bitcoin-treasury-company">&#8216;Turkey&#8217;s Uber&#8217; Joins Strategy, Tesla As Bitcoin Treasury Company</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46729976/300-growth-in-high-inflation-nations-why-stablecoins-are-booming-where-fiat-is-failing">300% Growth In High-Inflation Nations: Why Stablecoins Are Booming Where Fiat Is Failing</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46714238/ethereum-foundation-faces-backlash-for-dumping-100-million-eth-after-saying-believe-in-something">Ethereum Foundation Faces Backlash For &#8216;Dumping&#8217; $100 Million ETH After Saying &#8216;Believe In somETHing&#8217;</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46714603/fis-circle-team-up-to-enable-stablecoin-transactions-for-financial-institutions">FIS, Circle Team Up To Enable Stablecoin Transactions For Financial Institutions</a></li>
</ul>



Trader Notes: Crypto trader CrediBULL Crypto suggests Bitcoin may be mirroring a prior consolidation pattern, referencing his signature "GREEN squiggles." He expects few days of tight, sideways chop before a potential breakout or expansion move.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Think we may be seeing something similar to the GREEN squiggles that we saw in the quoted tweet below. Maybe a few days of tight chop before expansion&#8230;<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://t.co/IwT9yhxi3m">https://t.co/IwT9yhxi3m</a> <a href="https://t.co/bb4kihn6zM">pic.twitter.com/bb4kihn6zM</a>&mdash; CrediBULL Crypto (@CredibleCrypto) <a href="https://twitter.com/CredibleCrypto/status/1950610174688788590?ref_src=twsrc%5Etfw">July 30, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Ted Pillows <a href="https://x.com/TedPillows/status/1950593480079941684">highlights</a> that Bitcoin has remained range-bound for weeks, even as global liquidity steadily rises. 



He says the lag is temporary, reminiscent of Q2 behavior, and predicts BTC will soon catch up with macro tailwinds, targeting above $135,000 in Q3.



Henry aka LordOfAlts <a href="https://x.com/LordOfAlts/status/1950429488661352960">remains</a> undeterred by short-term volatility, calling the current pullbacks &#8220;noise within a larger bullish structure.&#8221; 



He notes whales are taking profits and Bitcoin is forming a bullish pennant, with recent downside pressure likely meant to trigger liquidations.



He sees a fourth touch near $114,000 as a key long entry, aligning with his long-term "buy the fear, sell the greed" thesis. Henry expects one final &#8220;Oops moment&#8221; before Bitcoin's next parabolic breakout.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46720222/ethereums-rally-driven-by-fresh-inflows-not-a-rotation-out-of-bitcoin-report">Ethereum&#8217;s Rally Driven By Fresh Inflows, Not A Rotation Out Of Bitcoin: Report</a></li>
</ul>



Image: Shutterstock

Bitcoin, Ethereum, XRP, Dogecoin Decline After Federal Reserve Holds Rates

XRP's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) has rallied 44% over the past month, but traders suggest a short-term dip may be on the cards before <a href="https://www.benzinga.com/money/ripple-xrp-price-prediction">another move upward</a>.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td><td>Market Cap</td><td>7-Day Trend</td></tr><tr><td>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$3.13</td><td>$185.8 billion</td><td>-3.5%</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$117,765.57</td><td>$2.3 trillion</td><td>-0.02%</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$3,793.48</td><td>$457.8 billion</td><td>-5.9%</td></tr></tbody></table></figure>



Trader Notes: Crypto analyst Crypto Bully <a href="https://x.com/BullyDCrypto/status/1950530738354573805">pointed</a> out that XRP was the only major altcoin to hit new all-time highs alongside Bitcoin in the recent rally.



Despite ongoing founder wallet sell-offs—with over $10 million in XRP still held—retail investors appear undeterred, maintaining strong conviction in spot positions.



The trader anticipates a sweep of local lows, with a potential dip below $3 serving as a high-reward entry point. 



A close beneath this demand zone would shift focus to deeper support levels, but the setup offers easy invalidation for risk management.



More Crypto Online echoed this sentiment, noting that XRP is approaching the lower range of its support zone, with $2.75 as the next key level to watch. 



A reversal here could confirm a local bottom before resumption of the uptrend.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a>: Price is approaching the lower half of support. $2.75 is next in line before a potential reversal. Still watching for signs of a local low to form. <a href="https://t.co/MkKclxBkin">pic.twitter.com/MkKclxBkin</a>&mdash; More Crypto Online (@Morecryptoonl) <a href="https://twitter.com/Morecryptoonl/status/1949919588801794465?ref_src=twsrc%5Etfw">July 28, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Statistics: Santiment <a href="https://x.com/santimentfeed/status/1949960980173103298">data </a>shows XRP is still up 46% for the month, currently consolidating around $3.15. 



Dormant coins are re-entering circulation, with the average investment age of XRP coins having dropped by 91 days, signaling older wallets are reactivating.



Coinglass data shows liquidations in the past 24 hours stand at $13 million, with $10.8 million in long liquidations. In the options market, XRP options volume and open interest jumped by 99.2% and 32.3% respectively.



Community News: Coinbase International is <a href="https://x.com/CoinbaseInsto/status/1950301465131765865">set</a> to expand its derivatives offering with nano XRP and nano Solana (SOL) perpetual futures starting Aug. 18. These contracts will offer up to 10x leverage with smaller contract sizes, aiming to broaden access for retail and institutional U.S. investors alike.



This move signals growing confidence in XRP as a viable instrument for leveraged trading and broader utility, potentially supporting long-term bullish momentum.



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46602627/xrp-drops-below-3-20-are-sellers-on-korean-exchanges-the-reason">XRP Drops Below $3.20: Are Sellers On Korean Exchanges The Reason?</a></li>
</ul>



Image: Shutterstock

XRP Surges 44% In One Month — But Is A Pullback On The Way?

Experts see exponential growth in on-chain payment volumes, rising institutional engagement, and shifting regulatory frameworks as proof of stablecoins as connector between <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46619087/gold-backed-stablecoin-debuts-as-payment-method-for-african-content-creators">traditional finance and blockchains</a>.



What Happened: According to Messari's "State of Stablecoins" report, transfer volumes for stablecoins now rival legacy payment networks such as ACH, and in some cases surpass volumes seen on Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) and PayPal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>).



Speaking with Benzinga, Andrew Dyer, analyst at Messari and lead author of the report, points to this rapid growth as a clear marker of change. 



He pointed to integrations by fintechs, neobanks, and major payments providers as enabling seamless cross-border B2B payments by routing local fiat through stablecoins and back, reducing reliance on correspondent banks and slashing fees.



This "stablecoin sandwich" model has quietly scaled to billions in monthly volumes.



"We're constantly seeing new integrations with incumbents like Visa (stablecoin-linked cards), Stripe (Stablecoin Financial Accounts in 100+ countries), and Mastercard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) (enabling stablecoin payments at 150M merchants)," Dyer added.



The regulatory backdrop is equally pivotal. 



Dyer notes that although jurisdictions like the EU and Singapore have launched clear frameworks, "U.S. legislation has and will continue to set the standard globally."



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46723859/trumps-advisors-just-laid-out-a-crypto-blueprint-heres-whats-in-it">Trump&#8217;s Advisors Just Laid Out A Crypto Blueprint—Here&#8217;s What&#8217;s In It</a>



Why It Matters: With 99% of circulating stablecoins denominated in U.S. dollars and backed primarily by U.S. Treasuries, compliance infrastructure rooted in the U.S. has global spillover effects.



Addressable&#8216;s stablecoin data for the Messari report highlights geographic disparities in stablecoin usage. 



"USDT controls over 60% of the global stablecoin market, and its dominance is even more pronounced in emerging markets, where it has roughly 4.5× more users than USDC," said Dr. Asaf Nadler, COO and co-founder of Addressable, speaking with Benzinga.



He attributes this skew to early Tether partnerships with local exchanges in countries like Nigeria, Turkey, and Argentina, contrasting with USDC's more institutional U.S.-focused approach.



"Stablecoin adoption in high-inflation nations like Iran and Bangladesh has grown ~300% YoY," Nadler added. 



Addressable's data model links onchain wallets to offchain identifiers, including geolocation, allowing it to surface correlations between inflation and user growth using third-party rankings like DataPandas.



The war in Ukraine further validated this model. 



"Escape velocity" wallet growth was observed after the conflict began, tracked through Addressable's identity graph mapping 1.5 billion wallets to over 400 million social profiles, with 23 million matched to real identities and locations.



Dyer further said he expects stablecoin strategies to focus more on banking integrations and user incentives rather than DeFi primitives. 



"Brokerages, fintechs, and neobanks may use stablecoins as a user acquisition lever," he said, noting how platforms might share yield from reserve assets with end-users. 



He also emphasized that banks may prioritize tokenized deposits and custody over DeFi strategies.



Read Next: 



<ul class="wp-block-list">
<li><a style="font-weight: bold;" href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46721901/jpmorgan-partners-with-coinbase-to-expand-crypto-access-for-80m-customers">JPMorgan Partners With Coinbase To Expand Crypto Access For 80M Customers</a></li>
</ul>



Image: Shutterstock

300% Growth In High-Inflation Nations: Why Stablecoins Are Booming Where Fiat Is Failing

Bitwise Chief Investment Officer Matt Hougan has laid out a compelling bullish thesis for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), citing a powerful demand shock as the catalyst for explosive upside over <a href="https://www.benzinga.com/money/bitcoin-price-prediction">the next 18 months</a>.



What Happened: In a <a href="https://www.youtube.com/live/1fS2jPMIfdI">podcast</a> with Scott Melker, Hougan predicts Bitcoin will reach $200,000 by the end of 2025, driven by institutional demand growing 5 to 10 times faster than supply. 



He called this surge "a math problem," emphasizing: "When demand is 5x to 10x supply, the price tends to go up. And I think that's the story in crypto right now."



He pointed to rising corporate adoption, such as Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and other treasury allocators, as a key piece of the demand puzzle.



The imbalance is even more pronounced in Ethereum, Hougan noted. 



Since mid-May, companies and ETFs have purchased 32x more ETH than has been issued, sparking what he describes as a &#8220;demand shock.&#8221; 



Inflows into ETH ETFs have soared to $4.4 billion this month alone, suggesting the early stages of a major institutional reallocation.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46717525/bitcoin-ethereum-xrp-dogecoin-under-pressure-as-retail-traders-short-ahead-of-fomc">Bitcoin, Ethereum, XRP, Dogecoin Under Pressure As Retail Traders Short Ahead Of FOMC</a>



Why It Matters: Hougan says the next major catalyst could be the integration of crypto into retirement accounts, highlighting Donald Trump's proposal to allow 401(k)s and IRAs to invest in Bitcoin.



"That's $8 trillion in retirement accounts potentially gaining exposure to Bitcoin," Hougan said. "It's like a government-mandated DCA, 20 million Americans putting 2.5% of their wealth into BTC regularly."



This growing infrastructure is also triggering what Hougan calls an "altcoin season in TradFi", where investors rotate profits from Bitcoin ETFs into Ethereum, crypto-treasury firms, and other digital assets. 



ARK Invest recently showcased this trend, selling off Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) stock to buy shares in Tom Lee's Bitcoin treasury company.



Bitwise also sees yield generation on Bitcoin holdings as the most in-demand service among its institutional clients, further evidence of maturing market dynamics.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46720222/ethereums-rally-driven-by-fresh-inflows-not-a-rotation-out-of-bitcoin-report">Ethereum&#8217;s Rally Driven By Fresh Inflows, Not A Rotation Out Of Bitcoin: Report</a></li>
</ul>



Image: Shutterstock

Bitcoin To Hit $200,000 By Year-End, Bitwise's Matt Hougan Maintains

A White House advisory group formed under President Donald Trump has released a comprehensive report urging federal agencies to clarify rules governing digital assets and accelerate the rollout of <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46510518/trump-family-crypto-business-nabs-26-million-profit-from-quarter-billion-ethereum-stake">innovative crypto products</a>.



What Happened: The Working Group on Digital Asset Markets, established by executive order earlier this year, is <a href="https://www.bloomberg.com/news/articles/2025-07-30/trump-crypto-group-unveils-proposals-to-boost-digital-finance?embedded-checkout=true">calling</a> on Congress and regulators to modernize oversight frameworks to better accommodate the evolving crypto ecosystem.



The report encourages the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to use existing legal authority to streamline federal rules for digital asset trading. 



It emphasizes immediate action on key areas such as trading, custody, and registration to eliminate uncertainty and reduce regulatory friction.



One of the central recommendations is for lawmakers to pass the Digital Asset Market Clarity Act, a bill that would authorize the CFTC to oversee spot markets for digital assets that are not classified as securities. 



The report also highlights the need for safe harbor provisions that would allow new crypto products to reach users without lengthy delays.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46721901/jpmorgan-partners-with-coinbase-to-expand-crypto-access-for-80m-customers">JPMorgan Partners With Coinbase To Expand Crypto Access For 80M Customers</a>



Why It Matters: The working group proposes further clarity on how banks can issue stablecoins and use blockchain infrastructure, and urges transparency around the process of acquiring federal bank charters.



It also recommends that bank capital requirements be updated to reflect the distinct risk profile of digital assets.



This report follows Trump's recent signing of the first federal law regulating dollar-backed stablecoins, a major step toward integrating digital currencies into the broader financial system. 



Previously known for his skepticism, Trump has emerged as a pro-crypto figure, appointing venture capitalist David Sacks to lead AI and digital asset policy efforts, and ordering the creation of a Strategic Bitcoin Reserve.



In addition to regulatory reform, the report calls for updated tax rules for digital assets, including their classification as a new asset class for federal tax purposes and inclusion in wash sale rules to curb tax avoidance. 



It also requests further guidance from the IRS and Treasury on how these assets interact with corporate tax regulations.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46720657/turkeys-uber-joins-strategy-tesla-as-bitcoin-treasury-company">&#8216;Turkey&#8217;s Uber&#8217; Joins Strategy, Tesla As Bitcoin Treasury Company</a></li>
</ul>



Image: Shutterstock

Trump's Advisors Just Laid Out A Crypto Blueprint—Here's What's In It

JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46677711/anthony-scaramucci-says-itll-be-a-big-deal-if-jamie-dimon-led-jpmorgan-allows-lending-against-bitcoin">the largest U.S. bank with over $4 trillion in assets</a>, has partnered with Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) to roll out a suite of crypto access features for its 80 million-plus customers, the companies announced on July 30.



What Happened: Under the partnership, JPMorgan customers will soon be able to:



<ul class="wp-block-list">
<li>Use Chase credit cards to fund Coinbase purchases,</li>



<li>Redeem Chase Ultimate Rewards points for USDC, a U.S. dollar-pegged stablecoin, and</li>



<li>Link Chase bank accounts directly to Coinbase for streamlined crypto transactions.</li>
</ul>



Coinbase <a href="https://www.coinbase.com/en-gb/blog/Coinbase-and-JPMorgan-Chase-join-forces-to-make-it-even-easier-to-access-crypto">says</a> the rollout will begin in fall 2025, with points-to-USDC redemption and bank integration scheduled for 2026.



This collaboration signals growing comfort among major financial institutions in offering regulated access to crypto services. 



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46718377/could-the-short-dollar-trade-tank-bitcoin-analysts-say-it-might-under-one-condition">Could The &#8216;Short Dollar&#8217; Trade Tank Bitcoin? Analysts Say It Might—Under One Condition</a>



Why It Matters: JPMorgan has previously maintained a cautious but steadily evolving approach to the crypto sector.



CEO Jamie Dimon has publicly criticized Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) in the past, but under his leadership, the firm has gradually integrated blockchain solutions and participated in digital asset pilots via Onyx, its blockchain division. 



In 2020, JPMorgan began providing banking services to Coinbase and Gemini, signaling an early move into the crypto sector. 



In May 2025, the bank settled its first transaction on a public blockchain, partnering with Chainlink (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/link/usd">LINK</a>) and Ondo Finance (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">ONDO</a>). 



In June 2025, JPMorgan launched JPMD, a deposit token on Coinbase's Base blockchain, designed for institutional clients to facilitate 24/7 settlements and cross-border payments.



The partnership with Coinbase, the largest publicly traded U.S. crypto exchange, brings JPMorgan's retail clients into direct contact with crypto markets through stablecoins, credit integration, and loyalty rewards.



The new program will allow users to convert Chase Ultimate Rewards into USDC on Coinbase's Layer 2 network, Base, marking the first time a major U.S. rewards program has enabled point-to-crypto conversion.



Coinbase described the collaboration as part of its broader effort to bridge traditional finance with crypto, offering seamless onramps for millions of users.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46717789/10-million-for-a-synthetic-dollar-whats-behind-trump-backed-world-liberty-financials-stablecoin-plans">$10 Million For A Synthetic Dollar: What&#8217;s Behind Trump-Backed World Liberty Financial&#8217;s Stablecoin Plans?</a></li>
</ul>



Image: Shutterstock

JPMorgan Partners With Coinbase To Expand Crypto Access For 80M Customers

Martı, Turkey's leading ride-hailing platform, has committed 20% of its <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46681312/trumps-bitcoin-reserve-just-legitimized-it-coinbase-ceo-brian-armstrong-says-g20-nations-now-rushing-to-build-their-own-btc-stockpiles">cash reserves to crypto assets</a>, starting with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), CEO Oğuz Alper Öktem announced on Wedjesday.



The move positions Martı among a growing list of global companies incorporating digital assets into their treasury management strategies.



"We view digital assets as a long-term store of value," Öktem <a href="https://x.com/OguzAlperOktem/status/1950169167409119303">said</a>. "Our aim is to preserve the purchasing power of cash that is not allocated to operational spending." He also emphasized that Martı&#8217;s core transportation operations and growth plans remain fully funded and unaffected by the crypto allocation.



Martı becomes the first prominent Turkish mobility company to publicly announce Bitcoin holdings as part of its treasury policy. 



The decision reflects broader institutional interest in Bitcoin as a hedge against inflation and currency debasement.



Martı's decision mirrors actions taken by several high-profile companies globally. 



Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) has been the most aggressive corporate Bitcoin buyer, holding over 628,000 BTC as of July 2025, acquired through a <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46706233/strategy-closes-2-52b-strc-ipo-acquires-21021-bitcoin-at-117k-each">mix of equity and debt raises.</a>



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46683578/chinese-bitcoin-mining-tech-producer-bitmain-is-betting-big-on-america-but-why">Chinese Bitcoin Mining Tech Producer Bitmain Is Betting Big On America—But Why?</a>



Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) also purchased $1.5 billion worth of Bitcoin in 2021 and held portions on its balance sheet through subsequent years.



Other firms like Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>) and Coinbase Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) have included Bitcoin in their reserves, citing similar long-term value arguments. 



More recently, companies such as Sharplink Gaming (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>) and BTCS Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTCS#NASDAQ">BTCS</a>) have added Bitcoin to their treasuries and publicly reported these holdings in regulatory filings.



The trend has gained momentum as Bitcoin ETF approvals, institutional custody solutions, and favorable accounting standards reduce perceived risks around crypto treasury exposure.



Founded in 2018, Martı operates Turkey's largest app-based mobility platform, offering shared scooters, e-mopeds, and ride-hailing services in urban areas. 



As a publicly listed company on the New York Stock Exchange, Martı's Bitcoin allocation adds transparency and weight to its treasury policy shift.



The firm has not disclosed the total value of its cash reserves or the exact volume of Bitcoin purchased, but the 20% figure signals a strategic pivot in how Martı manages idle liquidity under varied macroeconomic conditions.



Read Next: 



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Image: Shutterstock

'Turkey's Uber' Joins Strategy, Tesla As Bitcoin Treasury Company

Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) has outperformed Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) in July, rallying over 53% from $2,398 to $3,850. While some attributed this surge to capital rotating out of Bitcoin, on-chain data <a href="https://www.benzinga.com/money/ethereum-eth-price-predictions#:~:text=Analysts%20predict%20that%20Ethereum%20could,competition%20could%20impact%20price%20performance.">tells a different story.</a>



What Happened: CryptoQuant <a href="https://x.com/cryptoquant_com/status/1950261793412231672">data</a> shows that Bitcoin's Realized Cap reached an all-time high of $1.018 trillion on July 25. 



This key metric, reflecting the total capital invested in Bitcoin based on the price of coins when they last moved, confirms that capital is continuing to flow into BTC, not exiting.



The findings debunk the Bitcoin-to-Ethereum rotation narrative. 



Instead, it suggests both assets are seeing parallel accumulation, with Ethereum's rally fueled by new inflows rather than Bitcoin sell-offs, an insight aligned with the Genesis Law of capital inflows during bull markets.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46668408/ethereum-sees-surging-institutional-flows-is-eth-going-to-4000">Ethereum Sees Surging Institutional Flows: Is ETH Going To $4,000?</a>



Why It Matters: Furthermore, the U.S. SEC <a href="https://x.com/SECPaulSAtkins/status/1950292054409457936">approved</a> in-kind creations and redemptions for spot Bitcoin and Ethereum ETFs. This upgrade brings crypto exchange-traded products closer to traditional ETFs, enabling lower operational costs and greater efficiency. The agency also approved new filings for mixed spot BTC-ETH ETPs and options on spot Bitcoin ETFs, reflecting growing institutional demand.



According to Crypto Rand, Ethereum open interest is at its highest in over two years, <a href="https://x.com/crypto_rand/status/1950342575753482405">comprising</a> nearly 40% of the market, another sign of rising attention. 



Ted Pillows <a href="https://x.com/TedPillows/status/1950510431858217043">pointed</a> out that BlackRock added $1.2 billion in ETH last week, compared to just $267 million in BTC.



IntoTheBlock data shows Ethereum's daily active addresses jumped 12.7%, while 91% of ETH holders are now in profit.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46696965/another-ethereum-treasury-play-180-life-sciences-raises-425-million-to-buy-eth">Another Ethereum Treasury Play: 180 Life Sciences Raises $425 Million To Buy ETH</a></li>
</ul>



Image: Shutterstock

Ethereum's Rally Driven By Fresh Inflows, Not A Rotation Out Of Bitcoin: Report

Analysts are flagging growing near-term risks from overcrowded short positions in the U.S. dollar, raising the possibility of a sharp reversal that could ripple across risk assets, <a href="https://www.benzinga.com/money/bitcoin-price-prediction">including cryptocurrencies</a>.



What Happened: According to market commentary from QCP Capital, the consensus bearish narrative on the dollar, fueled by the ongoing tariff war and expected monetary easing, may be approaching exhaustion.



"With the dollar already down 10% year-to-date and CFTC data showing extreme short positioning in USDJPY, the market appears vulnerable to a short squeeze," the firm noted. 



Such a reversal, they argue, could trigger risk-off positioning across equities, emerging markets, and crypto assets.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46699147/kuvi-ai-raises-700000-seed-round-to-launch-private-beta-of-agentic-finance-operating-system">Kuvi.ai Raises $700,000 Seed Round To Launch Private Beta Of Agentic Finance Operating System</a>



Iliya Kalchev, analyst at Nexo Dispatch, echoed the cautious tone, highlighting that the market enters midweek in a "holding pattern," with the dollar at the center of macro uncertainty ahead of major data releases and the Federal Reserve's rate decision. 



While Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) consolidates near $118,000 and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) hovers around $3,800, investors are watching for shifts in capital flows that could result from a dollar rebound.



Why It Matters: Despite supportive crypto headlines, such as record inflows into Ethereum ETFs and Strategy's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) recent $2.5 billion Bitcoin purchase, analysts emphasize that markets have failed to respond meaningfully to bullish catalysts, a typical sign of near-term exhaustion.



The dollar's trajectory could be further complicated by tariff tensions, with a looming Aug. 1 deadline for new reciprocal levies announced by President Donald Trump.



Although the U.S. and EU have reached a temporary truce, trade tensions with China and other regions remain unresolved.



Macro data this week, including U.S. Q2 GDP, employment figures, and inflation indicators, will be pivotal in shaping Fed policy and market sentiment heading into the third quarter.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46697213/how-bitcoin-treasury-companies-are-beating-bitcoins-returns">How Bitcoin Treasury Companies Are Beating Bitcoin&#8217;s Returns</a></li>
</ul>



Image: Shutterstock

Could The 'Short Dollar' Trade Tank Bitcoin? Analysts Say It Might—Under One Condition

<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46107720/trump-family-backed-world-liberty-financial-plans-to-launch-a-new-app-that-will-make-it-easy-for-lay-investors-to-use-crypto">World Liberty Financial</a>, a decentralized finance platform associated with President Donald Trump, has invested $10 million in Falcon Finance to advance its USDf stablecoin, a synthetic dollar protocol aimed at enhancing onchain liquidity.



What Happened: The investment, announced today, will support Falcon's technical integrations, including shared liquidity provisioning, multi-chain compatibility, and smart contract modules for seamless conversions between USDf and World Liberty's USD1 stablecoin.



Falcon Finance, based in Dubai, recently surpassed a $1 billion circulating supply for USDf, reflecting strong market demand for its innovative digital dollar approach. 



The platform operates a synthetic dollar protocol with a dynamic, risk-adjusted overcollateralization model, accepting various collateral types. 



Andrei Grachev, Managing Partner at Falcon Finance, stated, "This investment validates our approach to creating more efficient on-chain dollar instruments for institutional users, and WLFI's distribution network will help accelerate adoption of our technology.&#8221;



World Liberty Financial's USD1, launched in March 2025, is a dollar-pegged stablecoin backed by U.S. treasuries, dollar deposits, and cash equivalents. 



The integration of USD1 as collateral on Falcon's platform strengthens the partnership, aiming to create a robust digital dollar infrastructure for retail and institutional users. 



Zak Folkman, co-founder of World Liberty Financial, emphasized, "This strategic partnership with Falcon Finance represents a significant step forward in our mission to build a comprehensive DeFi ecosystem."



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46706233/strategy-closes-2-52b-strc-ipo-acquires-21021-bitcoin-at-117k-each">Strategy Closes $2.52B STRC IPO, Acquires 21,021 Bitcoin At $117K Each</a>



Why It Matters: World Liberty Financial has made significant investments in the cryptocurrency sector.



In April 2025, DWF Labs invested $25 million in World Liberty Financial, providing liquidity for USD1. 



In May 2025, Abu Dhabi-based MGX utilized USD1 for a $2 billion investment in crypto exchange Binance, highlighting the stablecoin's growing influence. 



Additionally, a United Arab Emirates-based fund, Aqua 1 Foundation, purchased $100 million worth of World Liberty's WLFI tokens in June 2025, marking it as the largest publicly known investor in the project.



Chinese billionaire Justin Sun also invested $75 million in WLFI tokens, further solidifying World Liberty's financial backing.



The company, closely tied to the Trump family, has drawn attention for its rapid growth and controversial connections. 



A Trump business entity owns 60% of World Liberty Financial, with Eric Trump and Donald Trump Jr. serving as Web3 ambassadors, and the family holding 22.5 billion WLFI units.



Despite its financial success, the firm has faced criticism from government ethics experts over potential conflicts of interest, particularly following the Binance deal and the Securities and Exchange Commission's decision to pause an investigation into Sun's companies in February 2025.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46699508/ethereum-treasuries-could-soon-own-10-of-all-eth-standard-chartered">Ethereum Treasuries Could Soon Own 10% Of All ETH: Standard Chartered</a></li>
</ul>



Image: Shutterstock

$10 Million For A Synthetic Dollar: What's Behind Trump-Backed World Liberty Financial's Stablecoin Plans?

Cryptocurrency markets are trading flat as retail traders increase short positions ahead of FOMC meeting and final tariff deadline of Aug. 1.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$118,141.45</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$3,781.15</td></tr><tr><td>Solana</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>$178.44</td></tr><tr><td>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$3.09&nbsp;</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.2198</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001288</td></tr></tbody></table></figure>



Notable Statistics:



<ul class="wp-block-list">
<li>IntoTheBlock data shows Bitcoin and Ethereum large transaction decreased by 9.6% and 20.8%, respectively. Daily active addresses moved higher by 2.5% and 12.7%, respectively.</li>



<li>Coinglass data shows 121,880 traders were liquidated in the past 24 hours for $272.38 million.</li>



<li>SoSoValue data shows net intflows of $79.9 million into spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $218.6 million.</li>
</ul>



Trader Notes: Bitcoin is forming a bullish rectangle pattern, according to trader Mags, <a href="https://x.com/thescalpingpro/status/1950480940431507733">signaling</a> a strong continuation setup.



 A breakout and new all-time high may be imminent. 



Crypto Seth cautioned that many retail traders are shorting Bitcoin with 100x leverage ahead of FOMC, a risky strategy vulnerable to even minor price moves that could trigger massive liquidations.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Retail traders are shorting <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> with 100x into the <a href="https://twitter.com/hashtag/FOMC?src=hash&amp;ref_src=twsrc%5Etfw">#FOMC</a> today! &#x1f605;&#x1f602; What could go wrong&#8230;. God forbid MM just wiggle the tail&#8230; <a href="https://t.co/NdUglwvnJV">pic.twitter.com/NdUglwvnJV</a>&mdash; Crypto Seth (@seth_fin) <a href="https://twitter.com/seth_fin/status/1950509238473699394?ref_src=twsrc%5Etfw">July 30, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



On the Ethereum front, traders continue to eye $4,000 as the major resistance level. 



Michael van de Poppe sees no significant shift in ETH's trajectory, anticipating further upside momentum but warning of a potential sharp correction after hitting $4,000. 



Ted Pillows <a href="https://x.com/TedPillows/status/1950481502493364647">echoed</a> this, noting Ethereum has reclaimed liquidity and remains bullish above $3,632 support.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Nothing has changed on <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>. I assume we&#39;ll continue to have some momentum here towards the crucial resistance at $4,000 and reject + have a violent correction from there. <a href="https://t.co/5XpAqzPhgm">pic.twitter.com/5XpAqzPhgm</a>&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1950490802758558167?ref_src=twsrc%5Etfw">July 30, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Solana is at a critical juncture. Crypto Bullet <a href="https://x.com/SilverBulletBTC/status/1950494074093650134">urged</a> bulls to defend the current support zone or risk a drop to $160.



Dogecoin shows signs of resilience amid broader consolidation. Trader Tardigrade <a href="https://x.com/TATrader_Alan/status/1950482262920994884">spotted</a> a hidden bullish divergence on the 4-hour chart, with price forming higher lows while RSI prints lower lows—often an early sign of rebounding strength in a fading downtrend.



Read Next:



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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46699964/fomc-meeting-preview-will-jerome-powell-accelerate-the-bitcoin-ethereum-xrp-bull-run">FOMC Meeting Preview: Will Jerome Powell Accelerate The Bitcoin, Ethereum, XRP Bull Run?</a></li>
</ul>



Image: Shutterstock

Bitcoin, Ethereum, XRP, Dogecoin Under Pressure As Retail Traders Short Ahead Of FOMC

Nano Labs Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) saw a surge in its stock price on Wednesday after announcing a significant equity investment move.



CEA Industries Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VAPE#NASDAQ">VAPE</a>), a firm pursuing aggressive crypto reserve strategies centered on Binance Coin (CRYPTO: BNB/USD), has secured a key investment from Nano Labs as part of its broader private funding initiative.



Nano Labs has agreed to purchase 495,050 shares of Class A common stock in CEA Industries at $10.10 per share.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46259970/why-nano-labs-wants-to-control-a-big-chunk-of-binance-coins-circulating-supply" target="_blank" rel="noreferrer noopener">Why Nano Labs Wants To Control A Big Chunk Of Binance Coin&#8217;s Circulating Supply</a>



According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, NA stock has gained over 79% in the past year.



In addition, the agreement grants Nano Labs an equal number of warrants with an exercise price of $15.15 per share.



If fully exercised, the investment could give Nano Labs ownership of up to 990,100 shares.



This capital infusion is part of CEA&#8217;s larger $500 million PIPE (Private Investment in Public Equity) campaign.



The majority of the proceeds from this tranche are expected to support the acquisition of BNB tokens.



Remaining funds will be directed toward operational expenses, transactional costs, and corporate needs.



Nano Labs continues to reinforce its cryptocurrency asset base, aiming to diversify across prominent blockchain ecosystems. The firm&#8217;s latest investment is described as a strategic milestone in its long-term initiative to optimize its crypto holdings.



As of this update, Nano Labs reportedly holds approximately 128,000 BNB tokens in its reserves.



The transaction remains subject to standard closing requirements. The company emphasized that there is no absolute assurance the deal will be finalized.



Price Action: NA shares are trading higher by 3.95% to $7.100 premarket at last check Wednesday, while VAPE shares are trading lower by 8.49% to $37.50.



Read Next:



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Photo by DIAMOND VISUALS via Shutterstock

Why Nano Labs Stock Is Gaining On Wednesday

Sen. Cynthia Lummis (R-Wyo.) proposed a bill on Tuesday that seeks to incorporate cryptocurrencies into the mortgage eligibility process.



 What Happened: The proposed legislation, dubbed the 21st Century Mortgage Act, requires&nbsp;government-sponsored enterprises to consider digital&nbsp;assets, such as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), for single-family home loans.



If passed, the bill will direct federally backed mortgage giants Fannie Mae (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FNMA#OTC">FNMA</a>) and Freddie Mac (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FMCC#OTC">FMCC</a>) to include digital assets recorded on a &#8220;cryptographically-secured distributed ledger&#8221; in their mortgage risk assessments for single-family home loans.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Proud to introduce the 21st Century Mortgage Act to make homeownership more accessible for young Americans who are embracing the digital age. More below. &#x2b07;&#xFE0F; <a href="https://t.co/He5ijtam4A">pic.twitter.com/He5ijtam4A</a>&mdash; Senator Cynthia Lummis (@SenLummis) <a href="https://twitter.com/SenLummis/status/1950213641757749489?ref_src=twsrc%5Etfw">July 29, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



The bill also prohibits the conversion of these digital&nbsp;assets into dollars, respecting the&nbsp;nature of &#8220;digital wealth.&#8221;



&#8220;This legislation embraces an innovative path to wealth-building, keeping in mind the growing number of young Americans who possess digital assets,&#8221; Lummis said.







See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/07/46612914/bitcoin-could-go-to-300000-before-great-depression-crisis-traders-argue" target="_blank" rel="noreferrer noopener">Jim Cramer Slams Red-Hot Circle Stock: &#8216;Anyone Can Set Up A Stablecoin&#8217; As GENIUS Act Casts Shadow On The Hype</a>



Why It Matters: The proposed bill builds <a href="https://www.benzinga.com/news/25/06/46108786/fannie-and-freddie-directed-to-consider-crypto-mortgages-by-us-housing-regulator-but-michael-saylor-thinks-its-only-bitcoin-that-has-entered-the-american-dream">on the directive issued</a> by the Federal Housing Finance Agency Director&nbsp;William Pulte last month, instructing Fannie Mae and Freddie Mac to consider cryptocurrency as a mortgage asset.



It comes at a time when&nbsp;<a href="https://www.benzinga.com/real-estate/25/06/45831855/gen-z-turns-to-siblings-and-side-hustles-to-afford-homes-amid-soaring-prices">homeownership for Americans under 35</a>&nbsp;is at a historically low level of&nbsp;36.6% as of early 2025. At the same time, 21% of U.S. adults now&nbsp;own cryptocurrency, with 67% of&nbsp;crypto owners under the age of 45, <a href="https://nca.org/2025%20State%20of%20Crypto%20Holders%20Report.pdf">according </a>to the 2025 State of the Crypto Holders Report



The bill is part of a broader effort by Lummis to help position the U.S. as the global hub of cryptocurrency. Earlier in the month, she, along with fellow Republican senators, <a href="https://www.benzinga.com/news/politics/25/07/46563528/cynthia-lummis-releases-draft-bill-that-aims-to-make-us-global-crypto-capital-says-she-wont-allow-regulatory-confusion-to-continue">released a discussion draft for market structure legislation</a> aimed at eliminating regulatory confusion and promoting the industry&#8217;s growth.



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://benzinga.com/crypto/cryptocurrency/25/07/46712293/anthony-scaramucci-thanks-crypto-mom-hester-pierce-for-hard-fought-contribution-after-sec-approves-in-kind-redemption-for-bitcoin-ethereum-etfs" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Thanks &#8216;Crypto Mom&#8217; Hester Pierce For &#8216;Hard-Fought Contribution&#8217; After SEC Approves In-Kind Redemption For Bitcoin, Ethereum ETFs</a></li>
</ul>



Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.



Image via Shutterstock<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>

Cynthia Lummis Proposes Bill To Include Digital Assets Like Bitcoin, Ethereum In Mortgage Lending, Targeting Younger Homebuyers

Fidelity National Information Services Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>) has teamed up with Circle Internet Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) to facilitate the use of stablecoins by financial institutions.



What Happened: The partnership between FIS and Circle will allow U.S. financial institutions to conduct transactions using the USDC stablecoin. This initiative follows the approval of the GENIUS Act by the Senate, which aims to regulate the stablecoin industry, <a href="https://www.wsj.com/finance/currencies/fis-circle-partner-to-offer-stablecoin-transactions-to-financial-institutions-d18a1d2a">reported</a> The Wall Street Journal on Monday.



The collaboration is part of FIS&#8217;s broader strategy to support digital assets and currencies. Through this partnership, FIS and Circle will enable U.S. financial institutions to offer their clients the option to make domestic and cross-border stablecoin payments in USDC, a fully-reserved payment stablecoin that is redeemable 1:1 in U.S. dollars.



FIS earlier introduced the Money Movement Hub, which integrates with Circle, making USDC payment functionally available to a wide range of institutions. The hub allows financial institutions to connect to multiple payment networks in one place



See Also: <a href="https://benzinga.com/markets/earnings/25/07/46710924/unitedhealth-hit-by-6-5-billion-medical-cost-blowout-launches-ai-led-overhaul-drops-600k-members" target="_blank" rel="noopener">UnitedHealth Hit By $6.5 Billion Medical Cost Blowout: Launches AI-Led Overhaul, Drops 600K Members To Regain Margins — &#8216;These Are Serious Challenges&#8217;</a>



Why It Matters: The move by FIS and Circle Internet Group comes at a time when the stablecoin industry is undergoing significant regulatory changes.



The GENIUS Act, which was passed in June, is one such example of the increasing scrutiny on stablecoins. This act is the first major federal regulation specifically targeting stablecoins, a critical segment of the cryptocurrency ecosystem.



In June, Bernstein initiated coverage on Circle Internet Group with an Outperform rating, citing the company&#8217;s <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46165366/circle-stock-is-a-must-hold-says-bernstein-heres-why">growing leadership in the stablecoin sector</a>. This partnership with FIS further solidifies Circle&#8217;s position in the market.



Additionally, the GENIUS Act is expected to have a significant impact on the stablecoin market. President Donald Trump <a href="https://www.benzinga.com/markets/cryptocurrency/25/07/46582358/how-trumps-genius-act-could-supercharge-tethers-usdt">signed the act into law</a> on July 18, 2025, representing the first major federal regulation specifically targeting stablecoins.



Circle, the issuer behind USDC, has been a standout in the stock market this year. <a href="https://www.benzinga.com/markets/equities/25/07/46387454/citi-sees-30-upside-in-circle-stock-backs-usdc-issuer-as-key-player-in-stablecoin-market">Citi&#8217;s endorsement of the company</a> further suggests that its upward trajectory is far from over.



Price Action: Circle shares fell 2.01% on Tuesday, closing at $181.64, but recovered slightly with a 0.96% gain in premarket trading, according to <a href="http://pro.benzinga.com/">Benzinga Pro data</a>.



Read Next: 



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<li><a href="https://benzinga.com/crypto/cryptocurrency/25/07/46614530/bitcoin-ethereum-xrp-dogecoin-turn-green-as-trader-warns-that-decision-time-is-near" target="_blank" rel="noopener">Bitcoin, Ethereum, XRP, Dogecoin Turn Green As Trader Warns That &#8216;Decision Time Is Near&#8217;</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Photo Courtesy: PJ McDonnell from Shutterstock

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