China Overtakes US in Fintech Patent Filings, Bolstering Digital Finance

China has overtaken the US as the world’s top filer of financial technology patents over the past decade. Walter Bloomberg reported on July 6 that Chinese banks and technology companies led the filings, strengthening the country’s competitiveness in

AMD CEO Lisa Su to Attend White House 'Trump Accounts' Event

AMD Chief Executive Officer Lisa Su will attend the White House's 'Trump Accounts' event. Walter Bloomberg reported on July 6 that Su is scheduled to attend the event in the White House Rose Garden on July 7.

Trump Says US, Iran Agreed to Halt Follow-Up Talks for a Week

President Donald Trump said the US and Iran agreed to pause follow-up negotiations on a ceasefire deal for one week. In an interview with Axios on July 4, Trump said the two sides had decided to “take a week off” from talks. He added that neither sid

Bessent Says Trump’s $1.4 Billion Crypto Gains Don’t Appear to Be a Conflict

US Treasury Secretary Scott Bessent said he does not view President Donald Trump’s large cryptocurrency gains as a conflict of interest. In an interview with CBS News on July 3, Bessent said Trump’s disclosed crypto-related income did not appear prob

Gillibrand Says President, Members of Congress Should Be Barred From Issuing Digital Assets

Sen. Kirsten Gillibrand, a New York Democrat, said ethics rules are needed to bar the president and members of Congress from issuing digital assets. Eleanor Terrett, host of CryptoAmerica, said on July 3 that Gillibrand renewed her call for tighter d

EU MiCA Transition Period Ends, Pushing Unlicensed Crypto Firms Out of Market

Unlicensed cryptocurrency firms are being forced out of the European Union market after the bloc’s transition period for its Markets in Crypto-Assets regulation, or MiCA, ended on July 1. Cointelegraph reported on July 3 that crypto companies without

US Stocks Close Mixed; Nasdaq Falls 0.80%

The three major US stock indexes closed mixed on July 3. The Nasdaq Composite fell 0.80% from the previous session to 25,832.67. The Dow Jones Industrial Average rose 1.14% to 52,899.24, while the S&P 500 slipped 0.06% to 7,478.66.

Fidelity's Timmer Says Speculative Money Is Shifting From Crypto to Tech Stocks

Jurrien Timmer, Fidelity Investments' director of global macro, said short-term speculative money is leaving the cryptocurrency market and moving into technology stocks. Timmer told crypto media outlet U.Today on July 3 that speculative money first m

Tiger Research Says Bitcoin Nears End of Down Cycle, Sees Limited Further Decline

Tiger Research has strengthened its bullish outlook on Bitcoin. Walter Bloomberg reported on July 2 that Tiger Research believes the market has entered the final phase of its down cycle. The firm said most selling pressure has already been absorbed a

US Stocks Turn Mixed; Nasdaq Falls 0.88%

The three major U.S. stock indexes turned mixed. The Nasdaq Composite was down 0.88% at 25,810.72 as of 1:07 a.m. on July 3. The Dow Jones Industrial Average rose 0.70% to 52,669.94, while the S&P 500 fell 0.22% to 7,466.79.

US Stocks Close Lower; Nasdaq Falls 0.66%

U.S. stocks closed lower on July 2, with all three major indexes ending in negative territory. The Nasdaq Composite dropped 0.66% from the previous session to 26,040.03. The Dow Jones Industrial Average edged down 0.02% to 52,306.22, while the S&P 50

Robinhood Launches Arbitrum-Based Robinhood Chain Mainnet

Robinhood Markets Inc., the US stock and cryptocurrency trading platform, has launched the mainnet for its Arbitrum-based layer-2 network, Robinhood Chain, expanding its push into on-chain finance. CoinDesk reported on July 1 that Robinhood also form

Michael Saylor Says STRC Targets $99 to $100 Trading Range

Strategy founder Michael Saylor said STRC is targeting a trading range of $99 to $100. In a post on X on July 1, Saylor wrote that "the goal is for STRC to trade at $99 to $100." Strategy previously raised STRC's annual dividend rate to 12%. STRC is

Drift Rebrands as Solana Perpetual Futures Platform Velocity After $295 Million Hack

Drift, which suffered a roughly $295 million hack in April, is rebranding as Velocity, a Solana-based perpetual futures platform. On July 1, the company said the rebrand is part of an effort to build a next-generation trading platform architecture. D

Binance, Anchorage Digital Launch Triparty Custody Service for Institutions

Global cryptocurrency exchange Binance has partnered with digital asset bank Anchorage Digital to offer a bank-based triparty custody service for institutional investors. Cointelegraph reported on July 30 that the partnership will allow institutional

42% of Companies Use Stablecoins for Cross-Border Payments

Corporate use of stablecoins could expand sharply over the next 12 months, a new analysis showed. Citing a survey report from payments infrastructure firm Cybrid, Cointelegraph reported on July 30 that 42% of companies surveyed already use stablecoin

WSJ Reports Iran’s Revolutionary Guard Threatens to Reimpose Hormuz Blockade Without Sole Control

Iran’s Islamic Revolutionary Guard Corps has warned it will reimpose a blockade of the Strait of Hormuz unless Iran is guaranteed sole control over the waterway, The Wall Street Journal reported. Citing people familiar with the matter, the newspaper

New York Stocks Close Higher; Nasdaq Gains 2.07%

U.S. stocks closed higher on June 30. The Nasdaq Composite rose 2.07% from the previous session to 25,820.14. The Dow Jones Industrial Average gained 0.59% to 52,182.08, while the S&P 500 advanced 1.17% to 7,440.27.

JPMorgan Backs US Crypto Rules, Says Safeguards Should Take Priority Over Innovation

JPMorgan backed a US regulatory framework for digital assets while stressing that risk management and consumer protection should take priority over industry growth. Umar Farooq, JPMorgan Payments' global co-head, wrote in a blog post that the pending

Iran Says Only It Has Authority to Clear Mines in Strait of Hormuz

Iran warned against possible French involvement in mine-clearing operations in the Strait of Hormuz. Walter Bloomberg reported on June 29 that Iran's deputy foreign minister said only Iran is authorized to conduct mine-clearing work in the Strait of

Ripple Moves to Add Institutional On-Chain Collateral Lending Protocol to XRP Ledger

Ripple is moving to introduce an on-chain collateralized lending protocol for institutional users on the XRP Ledger. CoinDesk reported on June 29 that Ripple is developing the XRPL Lending Protocol, which would allow institutions to do more than issu

Iran Says It Skipped Nuclear Talks Working Meeting Over Recent Attacks, Unmet Conditions

Iran said it did not attend a scheduled working-level meeting on nuclear talks because of recent military attacks and unmet negotiating conditions. Walter Bloomberg reported on June 28 that an Iranian government official told state television Tehran

Former Ethereum Foundation Official Warns of Funding Gap as Foundation Shrinks Role

Trent Van Epps, a former Ethereum Foundation official who oversaw funding for core development, warned that the foundation’s reduced role could create a structural gap in financing for key protocol work. Van Epps told CoinDesk on June 26 that Ethereu

Bitcoin Briefly Tops $60,000

Bitcoin briefly rose back above the $60,000 mark. As of 3:05 a.m. on June 27, Bitcoin was trading at $60,110 on Binance's Tether (USDT) market, up 0.76% from a day earlier.

U.S. Stocks Turn Higher; Nasdaq Gains 0.21%

The three major U.S. stock indexes were trading higher. The Nasdaq Composite rose 0.21% from the previous session to 25,411.25 as of 2 a.m. on June 27. The Dow Jones Industrial Average added 0.10% to 51,971.91, while the S&P 500 advanced 0.20% to 7,3

Bitcoin ETFs See $1.34 Billion in Net Outflows This Week

Spot Bitcoin exchange-traded funds recorded net outflows of $1.34 billion this week. Walter Bloomberg reported on June 26 that investors pulled money from Bitcoin ETFs as the cryptocurrency's price tumbled. Bitcoin has fallen 6.6% since Monday. After

US Stocks End Mixed; Nasdaq Falls 0.46%

The three major US stock indexes ended mixed on June 26. The Nasdaq Composite fell 0.46% from the previous session to close at 25,358.60. The Dow Jones Industrial Average rose 0.14% to 51,920.93, while the S&P 500 slipped 0.05% to 7,354.42.

Lummis Targets Senate Passage of Clarity Act in July

Sen. Cynthia Lummis said she is aiming to pass the Clarity Act, a cryptocurrency market structure bill, through the U.S. Senate in July. CryptoSlate reported on June 25 that Lummis told Fox Business she expects a final Senate compromise on the Clarit

Bitcoin Faces Volatility Risk Ahead of $10 Billion Options Expiry

Bitcoin could see bigger price swings ahead of an options expiry worth about $10 billion after falling to its lowest level in 21 months. Forbes reported on June 25 that Bitcoin fell as low as $58,131 intraday, its weakest level since September last y

Spot Gold Rises 1% to $4,039.89 an Ounce

Spot gold rose about 1% to $4,039.89 an ounce. Walter Bloomberg reported on June 25 that gold climbed about 1% during the session to as high as $4,039.89 an ounce. Gold has been gaining support from safe-haven demand and broader macroeconomic uncerta