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>
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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:



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<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: 



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<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.



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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>.



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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

FIS, Circle Team Up To Enable Stablecoin Transactions For Financial Institutions

Cryptocurrency analyst J.A. Maartun called out the Ethereum Foundation on Tuesday for selling a large chunk of its Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) holdings contrary to its public messaging.



What happened: In an X post, Maartun, known for tracking on-chain movements, highlighted that the non-profit organization has offloaded 25,833 ETH, worth $98.98 million at prevailing prices, in the last few months.



"Is this what belief looks like?" Maartun asked the Ethereum Foundation. "Follow actions, not words."



The accusation of hypocrisy comes after the foundation, dedicated to promoting and developing Ethereum-related technologies, wrote, "believe in somETHing" in an X post.



<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">&#x1f6a8; Is this what belief looks like? In the past few months, the Ethereum Foundation has dumped 25,833 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> &#8211; nearly $100 million. Follow actions, not words. <a href="https://t.co/hAnsInJIhF">https://t.co/hAnsInJIhF</a> <a href="https://t.co/8js7vr1Lzk">pic.twitter.com/8js7vr1Lzk</a>&mdash; Maartunn (@JA_Maartun) <a href="https://twitter.com/JA_Maartun/status/1950185694015451445?ref_src=twsrc%5Etfw">July 29, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



A closer look at the movement revealed that the outflows coincided with the jump in ETH&#8217;s price. The foundation still held 189,357 ETH as of this writing.



Jack, an X user, suggested that there could be a &#8220;justified reason&#8221; for the sales outside of profit-taking. Maartun agreed but urged the ETH Foundation to be transparent in their messaging and inform investors of any on-chain moves.



<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">That&#39;s right. There can be completely legitimate reasons behind it. My point is just that they&#39;re saying one thing on Twitter, but showing something else on-chain&#8230; that&#39;s what I have a problem with.&mdash; Maartunn (@JA_Maartun) <a href="https://twitter.com/JA_Maartun/status/1950189833864790262?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 Ethereum Foundation didn't immediately return Benzinga's request for comment.



See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46149584/why-crypto-investors-are-receiving-internal-revenue-service-warning-letters">Why Crypto Investors Are Receiving Internal Revenue Service Warning Letters</a>



Why It Matters: Notably, <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46368490/sharplink-gaming-stock-gains-after-announcing-ethereum-purchase">around 10,000 ETH was acquired</a> by the Ethereum treasury company Sharplink Gaming Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>) in an over-the-counter deal with the Ethereum Foundation earlier in the month. 



The discussions about on-chain moves come amid a remarkable comeback bounce for ETH, which nearly took the second-largest cryptocurrency <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46668408/ethereum-sees-surging-institutional-flows-is-eth-going-to-4000#:~:text=With%20this%20level%20of%20bid,%247.8%20billion%20surpassing%202024%20totals.">past the crucial $4000 mark</a>.



Price Action: At the time of writing, ETH was trading at $3,831.58, down 1.54% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;&nbsp;



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Photo: Shutterstock

Ethereum Foundation Faces Backlash For 'Dumping' $100 Million ETH After Saying 'Believe In somETHing'

eToro Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETOR#NASDAQ">ETOR</a>) is evaluating partnerships to potentially launch its own blockchain network, CEO Yoni Assia said on Tuesday, as the newly public trading platform seeks to handle millions of monthly transactions on crypto rails.



The Israeli online brokerage, which went public on Nasdaq in May, is in discussions with &#8220;four or five&#8221; different blockchain ecosystems about creating a sidechain, Assia told Fortune. He declined to identify the specific partners but emphasized that a launch remains months away.



<h2 class="wp-block-heading">The Need For Own Blockchain</h2>



&#8220;We can&#8217;t run today the millions of transactions that we&#8217;re transacting on a monthly basis on existing blockchains,&#8221; Assia said. &#8220;We&#8217;ll need, by definition, to have a dedicated blockchain if we want to run the entire eToro ecosystem.&#8221;



<h2 class="wp-block-heading">Why EToro&#8217;s Blockchain Ambitions Matter Now</h2>



The blockchain exploration comes as eToro announced Tuesday it will launch tokenized stocks on Ethereum, allowing 24/7 trading of blockchain-wrapped shares from 100 popular U.S. companies and ETFs. European users will gain initial access through a waitlist system.



See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46711153/bitcoin-trades-flat-ahead-of-fed-interest-rate-decision-ethereum-dogecoin-gain-analyst-says-next-impulse-will-send-btc-to-130000">Bitcoin Trades Flat Ahead Of Fed Interest Rate Decision; Ethereum, Dogecoin Gain: Analyst Says &#8216;Next Impulse&#8217; Will Send BTC To $130,000</a>



The move mirrors competitor Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), which launched tokenized stock trading in the European Union in June and <a href="https://www.benzinga.com/crypto/25/06/46174854/robinhood-just-made-crypto-simpler-and-way-more-powerful">plans its blockchain using Arbitrum&#8217;s layer-2 technology</a>. Both CEOs argue that tokenization reduces trading costs and enables round-the-clock market operations.



However, tokenized stocks face regulatory scrutiny over potential disclosure requirement circumvention. Robinhood sparked <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46236537/openai-says-tokens-are-not-equity-no-partnership-with-robinhood-musk-says-ai-companys-equity-is-fake">controversy by offering tokenized</a> OpenAI shares without the AI company&#8217;s authorization.



<h2 class="wp-block-heading">Can Tokenized Stocks Revolutionize Trading?</h2>



Assia, who has considered tokenized stocks for over a decade, indicated eToro may expand into private company tokenization &#8220;in the near future.&#8221;



Cathie Wood&#8216;s ARK Invest has <a href="https://www.benzinga.com/news/25/06/45988075/cathie-wood-splashes-12-7-million-on-chip-giants-amd-and-taiwan-semiconductors-ark-dumps-another-45-million-worth-of-hot-circle-stock">shown confidence in eToro</a>, with ARK Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) purchasing 35,461 shares in June. Needham analyst John Todaro initiated coverage with a Buy rating and $80 price target, viewing the platform&#8217;s crypto-traditional finance bridge as <a href="https://www.benzinga.com/analyst-stock-ratings/initiation/25/06/45840374/this-ryder-system-analyst-begins-coverage-on-a-bullish-note-here-are-top-5-initiations-for-monday">strategically positioned for growth</a>.



Price Action: eToro Group Ltd closed at $60.71 on Tuesday, down $2.79 or 4.39% for the day. As of the latest data, the stock is down $3.44 or 5.36% from its all-time high, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.



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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: Grey82 On Shutterstock.com

Post-IPO, eToro Eyes Own Blockchain Amid Tokenized Stocks Push, CEO Yoni Assia Says Talks Underway With Multiple Ecosystems

Brian Armstrong, CEO of&nbsp;cryptocurrency exchange Coinbase, recalled on Tuesday a famous quote by Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) creator Satoshi Nakamoto from 15 years ago.



What Happened: Armstrong highlighted a quote from the pseudonymous creator from a Bitcointalk forum conversation on July 30, 2010.



Satoshi was responding to questions about Bitcoin's ability to handle a large number of transactions and users, with specific concerns around the 10 minutes taken to mine one block



"If you don&#8217;t believe me or don&#8217;t get it, I don&#8217;t&nbsp;have time to try to&nbsp;convince you, sorry,&#8221; Satoshi responded. 



Reflecting on the quote, Armstrong stated that while it took some time, &#8220;hundreds of millions of people&#8221; now understand Bitcoin, underlining how knowledge and use of the major cryptocurrency have progressed over the years.



<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">"If you don&#39;t believe me or don&#39;t get it, I don&#39;t have time to try to convince you, sorry." Satoshi wrote that 15 years ago today. It took some time, but there are hundreds of millions of people that get it now. <a href="https://t.co/b7DrFxEywi">pic.twitter.com/b7DrFxEywi</a>&mdash; Brian Armstrong (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1950301764689023185?ref_src=twsrc%5Etfw">July 29, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



When Satoshi made that remark, Bitcoin traded at $0.06374 apiece. Today, it is a staggering 185102000% higher.



See Also:&nbsp;<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>



Why It Matters: Armstrong has long admired Satoshi and confessed that <a href="https://www.benzinga.com/markets/cryptocurrency/21/04/20660641/coinbase-ceo-brian-armstrong-on-his-companys-beginnings-satoshis-whitepaper-sleeping-in-of">he began working on Coinbase</a> after reading the Bitcoin whitepaper authored by the mysterious personality.



Last month, Armstrong unveiled Coinbase&#8217;s upcoming cryptocurrency credit card, <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45919626/coinbase-ceo-brian-armstrong-teases-crypto-credit-card-powered-by-american-express-bitcoin-cashbacks-offered-but-heres-the-catch">engraved with Bitcoin's&nbsp;Genesis block</a>, created by Satoshi back in 2009



Price Action: At the time of writing, BTC was trading at $117,984.37, down 0.56% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;&nbsp;Year-to-date, the asset has grown 26.33%. 



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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

Bitcoin Creator Satoshi Nakamoto Once Said He Had No Time To 'Convince' Non-Believers: Why Coinbase CEO Brought It Up After 15 Years

Payments company, Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), isn&#8217;t bracing for disruption from stablecoins, but is preparing to power them, positioning itself as a core infrastructure provider for the evolving digital asset ecosystem.



Check out the current price of&nbsp;<a href="https://www.benzinga.com/quote/V" target="_blank" rel="noreferrer noopener">V stock here.</a>



What Happened: During its <a href="https://www.benzinga.com/markets/earnings/25/07/46705658/visa-q3-earnings-highlights-double-beat-ceo-says-consumer-spending-remains-resilient">third-quarter earning</a>s call on Tuesday, Visa&#8217;s CEO, Ryan McInerney, said, &#8220;We are supportive of the Genius Act,&#8221; referring to the recent landmark legislation to regulate stablecoins, which was <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46508890/trump-signs-genius-act-ending-biden-era-crypto-probes-and-backing-industry-titans">signed into law</a> by President Donald Trump two weeks ago. 



McInerney says that &#8220;it marks a key milestone on the path to regulatory clarity for stablecoins,&#8221; while adding that Visa has been active in this space for nearly a decade, and that he believes stablecoins have several use cases and can solve important payment problems.



See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/07/46582358/how-trumps-genius-act-could-supercharge-tethers-usdt">How Trump&#8217;s GENIUS Act Could Supercharge Tether&#8217;s USDT?</a>



Visa isn't limiting its involvement to experimentation. &#8220;We believe that Visa's role is to do what we always do, provide trust, standards, connectivity, billions of endpoints, scale and interoperability to the payments ecosystem,&#8221; he says.



The company pointed to two key areas where stablecoins are gaining traction: the first being volatile emerging markets with limited dollar access, and cross-border money movement, including B2B payments and remittances.



Visa notes that it is already working with partners such as Bridge and RAIN, and even banks, to deploy stablecoin-linked cards across markets. &#8220;Since 2020, we have enabled crypto users to spend more than $25 billion in Bitcoin, Ethereum, [an] array of other cryptocurrencies,&#8221; McInerney says, &#8220;And now, stablecoins.&#8221;



&#8220;There is so much more to come in this space,&#8221; McInerney concluded, &#8220;and we are excited about enabling commercial and money movement flows globally across networks, currencies and form factors.&#8221;



Why It Matters: Analysts have flagged stablecoins as <a href="https://www.benzinga.com/markets/large-cap/25/07/46365557/visa-vs-mastercard">a potential headwind</a> for traditional payment networks like Visa and Mastercard Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), citing risks of disruption.



According to a report by Grayscale, stablecoins have already <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46321038/buckle-up-visa-stablecoins-process-800-billion-in-transactions-per-month-report-finds">helped facilitate transactions</a> worth over $800 billion in June 2025. In comparison, Visa processed $1.1 trillion in payments each month in 2024, 



Visa released its <a href="https://www.benzinga.com/markets/earnings/25/07/46705658/visa-q3-earnings-highlights-double-beat-ceo-says-consumer-spending-remains-resilient">third-quarter results</a> on Tuesday, reporting $10.17 billion in revenue, up 14% year-over-year, beating consensus estimates of $9.82 billion. It posted a profit of $2.98 per share, which was again ahead of estimates at $2.83 per share.



Price Action: Shares of Visa were down 1.18% on Tuesday, trading at $351.29, and are down 1.92% after hours, following the earnings announcement. 



<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="147" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/30015700/Screenshot-2025-07-30-at-11.26.47-AM-1024x147.png" alt="" class="wp-image-1006351" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/30015700/Screenshot-2025-07-30-at-11.26.47-AM-1024x147.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/30015700/Screenshot-2025-07-30-at-11.26.47-AM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/30015700/Screenshot-2025-07-30-at-11.26.47-AM-768x111.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/30015700/Screenshot-2025-07-30-at-11.26.47-AM.png 1528w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



According to Benzinga&#8217;s Edge Stock Rankings, Visa shares score well on Momentum and Quality, and have a favorable price trend in the medium and long term. How does it compare with rival Mastercard? Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> to find, along with deeper insights. 



Photo Courtesy: Primakov on Shutterstock.com



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Visa Doesn't Fear Stablecoins: CEO Says Company Will 'Provide Trust, Standards, Connectivity.. And Interoperability' To The Digital Asset Ecosystem

Anthony Scaramucci, the founder of SkyBridge Capital, thanked pro-cryptocurrency SEC Commissioner Hester Pierce for her role in getting the agency to approve in-kind creations and redemptions for cryptocurrency exchange-traded funds.



What Happened: Scaramucci thanked Peirce, affectionately called "Crypto Mom," for her &#8220;incredible hard-fought contribution" after the SEC permitted authorized participants to exchange ETF shares directly for the underlying cryptocurrency, 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>), instead of cash.



<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">Thank you for your incredible hard fought contribution <a href="https://t.co/yD1wfb1PKk">https://t.co/yD1wfb1PKk</a>&mdash; Anthony Scaramucci (@Scaramucci) <a href="https://twitter.com/Scaramucci/status/1950299364741751085?ref_src=twsrc%5Etfw">July 29, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



"I am pleased the Commission approved these orders permitting in-kind creations and redemptions for a host of crypto asset ETPs. Investors will benefit from these approvals, as they will make these products less costly and more efficient," SEC Chair Paul Atkins said.



This move could enable cost-cutting and operational efficiency by avoiding the need to sell Bitcoin for cash. Note that retail investors are not eligible to participate directly in in-kind redemptions.



See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46711153/bitcoin-trades-flat-ahead-of-fed-interest-rate-decision-ethereum-dogecoin-gain-analyst-says-next-impulse-will-send-btc-to-130000">Bitcoin Trades Flat Ahead Of Fed Interest Rate Decision; Ethereum, Dogecoin Gain: Analyst Says &#8216;Next Impulse&#8217; Will Send BTC To $130,000</a>



Why It Matters: The approval reflected a marked departure from the SEC's previous stance of mandating cash redemptions <a href="https://www.benzinga.com/money/best-spot-bitcoin-etfs">since the approval of spot Bitcoin ETFs</a> in January 2024.



Several proposals to allow in-kind redemptions for cryptocurrency ETFs have been made this year, including one for the iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>), the <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44242076/nvidia-stock-or-bitcoins-ibit-etf-which-would-have-made-you-richer-had-you-invested-in-both-after-trumps-victory">world's largest cryptocurrency fund</a>.



Bloomberg analyst James Seyffart expected the <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46174956/solana-etf-approval-imminent-as-odds-skyrocket-to-97">upcoming approvals for altcoin ETFs</a> to have the in-kind feature from the beginning.



<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">In-kind creation / redemption has been approved for both spot Bitcoin and spot Ethereum ETFs. The coming approvals for alt coin ETFs likely going to allow in-kind from the get go. More movement in right direction IMO <a href="https://t.co/grWhH8IK4B">https://t.co/grWhH8IK4B</a>&mdash; James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1950292024302739793?ref_src=twsrc%5Etfw">July 29, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Price Action: At the time of writing, ETH was trading at $3,766.85, down 2.06% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;&nbsp;



BitMine shares closed 11.8% lower at 35.11 on Wednesday. Year-to-date, the stock has soared over 350%.



As of this writing, the stock demonstrated a very high Momentum score. Visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> to see how Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), the pioneer of cryptocurrency treasury play, stacks up.



Photo Courtesy: Al Teich On Shutterstock.com



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<li><a href="https://www.benzinga.com/markets/equities/25/07/46679564/wall-streets-star-tracker-etfs-are-booming-but-copying-warren-buffett-and-bill-ackman-may-be-riskier-than-it-looks">Wall Street&#8217;s Star Tracker ETFs Are Booming—But Copying Warren Buffett And Bill Ackman May Be Riskier Than It Looks</a></li>
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