Robinhood Chain ranked second among all blockchains by decentralized exchange volume, with its memecoin launchpad generating nearly three times pump.fun's revenue. The two-month-old Arbitrum network has overtaken Ethereum, BNB Chain, and Base in daily DEX activity.
Japan's parliament approved legislation reclassifying cryptocurrencies as financial assets rather than payment methods, aligning digital holdings with traditional investment products. The move is expected to enable new tax treatments and regulatory frameworks tailored to crypto markets.
The SEC unveiled its first comprehensive transfer agent rule revision in over four decades, explicitly accommodating blockchain recordkeeping and tokenized securities. The proposal signals regulatory readiness to integrate distributed ledger technology into U.S. capital markets infrastructure.
Singapore's Monetary Authority published proposed amendments requiring 100% reserves for stablecoin issuers and prohibiting yield payments on deposits. The rules also establish pathways for foreign stablecoin issuers and issuer wind-down procedures.
Bitcoin rose above $65,500 after June CPI data came in below expectations, reducing market-implied odds of a Federal Reserve rate hike from 43% to 13%. Traders are assessing whether the rally sustains or if momentum fades as additional economic data is released.
Written by CoinArticle's AI Newsroom from cited sources. Not financial advice.
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