US Stocks Close Lower; Nasdaq Falls 0.57%

The three major U.S. stock indexes closed lower on July 23. The Nasdaq Composite fell 0.57% from the previous session to 25,690.90. The Dow Jones Industrial Average slipped 0.01% to 52,219.35, while the S&P 500 declined 0.13% to 7,499.73.

Iran Foreign Minister Says Any Attack Will Draw Strong, Decisive Response

Iranian Foreign Minister Abbas Araghchi warned on July 22 that Tehran would respond strongly and decisively to any attack targeting Iran, Walter Bloomberg reported. Any party involved in such an attack would also be considered a legitimate target, Ar

Senate Republicans Push Clarity Act Vote, Release Amendment

Senate Republicans have released an amendment to the Clarity Act ahead of a possible vote as soon as next week, Walter Bloomberg reported on July 22. The amendment includes cryptocurrency ethics provisions backed by the White House. No Democratic sen

Senate Clarity Act Amendment Would Bar President, Federal Officials From Issuing Crypto

An amendment to the Clarity Act being considered by the U.S. Senate would bar federal officials, including the president, from issuing or endorsing cryptocurrencies. CNBC reported on July 22 that Republicans had unveiled the amendment. It also includ

US Stocks Close Higher; Nasdaq Gains 1.29%

The three major U.S. stock indexes closed higher on July 22. The Nasdaq Composite rose 1.29% from the previous session to 25,837.21. The Dow Jones Industrial Average gained 0.70% to 52,200.54, while the S&P 500 advanced 0.87% to 7,508.38.

Movement Labs Files for Chapter 11 Bankruptcy Protection

Movement Labs, the developer of MOVE, filed for Chapter 11 bankruptcy protection under the U.S. Bankruptcy Code, Unfolded reported on July 21. CoinDesk had earlier reported allegations that Movement Labs executives colluded with a market maker to sel

Bessent Says CLARITY Act Has Reached Final Hurdle

US Treasury Secretary Scott Bessent said the CLARITY Act, a market structure bill for digital assets, has reached its final hurdle. Bloomberg reported on July 21 that Bessent said the CLARITY Act was nearing the finish line.

Trump Says US Will Take Necessary Steps if Houthi Blockade Continues

President Donald Trump said on July 21 that the US would take necessary steps if Yemen's Houthi rebels continue their blockade, Walter Bloomberg reported. "If something happens, we will have no choice but to take the necessary measures," Trump said.

Senior US Official Says Strikes on Iran to Continue Until Trump Orders Halt

A senior US official said President Donald Trump believes Iran must pay a price for violating an existing agreement and carrying out an attack in the Strait of Hormuz. Walter Bloomberg reported on July 20 that US airstrikes on Iran will continue unti

Peter Brandt Sees Bitcoin Bottoming on Oct. 4, With Drop Below $50,000 Possible

Veteran trader Peter Brandt said Bitcoin's bear market could reach its low on Oct. 4. Cointelegraph reported on July 20 that Brandt expects Bitcoin may briefly fall below $50,000 before beginning a recovery. Bitcoin was trading at $65,496.80 on Binan

Bitcoin Miner LM Funding to Rebrand as PowerCompute, Expand AI Infrastructure

Bitcoin miner LM Funding America will change its name to PowerCompute starting July 22, media reports said on July 20. Its stock ticker will also change to PWCM from LMFA. The rebranding is part of a strategy to expand the company's high-performance

US Stocks Turn Mixed; Nasdaq Rises 0.80%

The three major U.S. stock indexes were mixed. As of 1:06 a.m. on July 21, the Nasdaq Composite had risen 0.80% from the previous close to 25,724.15. The Dow Jones Industrial Average fell 0.24% to 52,022.21, while the S&P 500 gained 0.40% to 7,487.46

Coinbase CEO Says Social Media Posts Aren’t Investment Advice or Token Endorsements

Coinbase Chief Executive Officer Brian Armstrong said recent activity on his social media accounts should not be interpreted as investment advice or a signal about any specific token. In a July 20 post on X, Armstrong said he simply shares content he

U.S. Stocks Close Lower; Nasdaq Falls 1.40%

The three major U.S. stock indexes closed lower on July 18. The Nasdaq Composite fell 1.40% from the previous session to 25,520.24. The Dow Jones Industrial Average ended 0.77% lower at 52,146.39, while the S&P 500 closed down 1.05% at 7,454.74.

Trump Media Weighs ‘Truth API’ for Wall Street, With Fees of Up to $100,000 a Month

Trump Media, the operator of President Donald Trump’s social media platform Truth Social, is weighing the launch of a "Truth API" service that would deliver posts to banks and trading firms with ultra-low latency. Walter Bloomberg reported on July 17

BitMine’s Tom Lee Reiterates $250,000 Ethereum Target, Says More Upside Remains

Tom Lee, chairman of BitMine Immersion Technologies Inc. (BMNR), reiterated a long-term price target of $250,000 for Ethereum, saying the cryptocurrency still has substantial room to climb. Yahoo Finance reported on July 17 that Lee said during a You

JPMorgan Says Strategy Cash Buildup, Institutional Futures Demand Are Positive for Bitcoin

JPMorgan said Strategy's growing cash holdings and rising institutional demand for Bitcoin futures are positive signals for Bitcoin. The Block reported on July 16 that JPMorgan analyst Nikolaos Panigirtzoglou said it was difficult to assess how Strat

Citadel Securities to Invest $400 Million in Crypto.com at $20 Billion Valuation

Citadel Securities will invest $400 million in Crypto.com. CoinDesk reported on July 16 that the investment is the first institutional funding Crypto.com has secured since its founding in 2016. The deal values Crypto.com at $20 billion. Crypto.com pl

Morgan Stanley’s E*Trade Launches Spot Crypto Trading

ETrade, the online brokerage owned by Morgan Stanley, has launched spot cryptocurrency trading. Eligible retail clients can buy, sell and hold Bitcoin, Ether and Solana through crypto infrastructure provider Zero Hash, Cointelegraph reported on July

Keyrock to Acquire Assets of BlockFills’ Institutional Crypto Business

Digital asset services firm Keyrock is set to acquire the trading and brokerage assets of the institutional cryptocurrency business of bankrupt US crypto trading firm BlockFills. CoinDesk reported on July 16 that the deal will give Keyrock BlockFills

US Stocks Close Higher; Nasdaq Gains 0.62%

U.S. stocks closed higher on July 16, with all three major indexes ending the session in positive territory. The Nasdaq Composite rose 0.62% from the previous close to 26,269.23. The Dow Jones Industrial Average gained 0.29% to 52,658.52, while the S

Fed Beige Book Says US Economy Grew Modestly as Inflation Pressures Stayed Stable

The Federal Reserve said the US economy continued to grow at a modest pace, while inflation pressures remained broadly stable. In its latest Beige Book released July 15, the Fed said economic activity increased slightly to modestly in 11 of the 12 Fe

Cantor Fitzgerald, Securitize Pursue Blockchain-Based IPO Service

Wall Street investment bank Cantor Fitzgerald is teaming up with tokenization platform Securitize to pursue blockchain-based initial public offering services and tokenized securities issuance. CoinDesk reported on July 15 that Cantor Fitzgerald will

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

All three major U.S. stock indexes were trading higher. The Nasdaq Composite rose 0.21% to 26,162.92 as of 12:54 a.m. on July 16. The Dow Jones Industrial Average gained 0.31% to 52,669.24, while the S&P 500 added 0.11% to 7,551.88.

U.S. Stocks Close Higher; Nasdaq Gains 0.90%

The three major U.S. stock indexes closed higher on July 15. The Nasdaq Composite rose 0.90% from the previous session to 26,107.01. The Dow Jones Industrial Average added 0.02% to 52,508.66, while the S&P 500 advanced 0.39% to 7,544.64.

Iran Says Strait of Hormuz Is Part of National Security, Will Assert Sovereignty at Any Cost

An Iranian vice foreign minister said the Strait of Hormuz is part of the country's national security and that Iran will assert its sovereignty at any cost. Walter Bloomberg reported on July 14 that Iran's Islamic Revolutionary Guard Corps, or IRGC,

US, UK Unveil Joint Roadmap to Support Tokenized Assets, Stablecoins

The US and UK have unveiled a joint roadmap to help develop markets for tokenized assets and stablecoins. CoinDesk reported on July 14 that the US Treasury Department and the UK Treasury released a 10-point roadmap to strengthen supervisory coordinat

Trump Says He Sees No Need to Deploy Troops for Now

President Donald Trump said July 14 that he does not believe there is any need to deploy US troops for now, Walter Bloomberg reported.

Trump Says US Will Hit Iran Hard Tonight, Tomorrow

President Donald Trump said the US would launch additional military strikes against Iran. In an interview on the Hugh Hewitt Show, Trump said the US would "hit Iran hard tonight and tomorrow" and "take out Pickaxe Mountain." He did not disclose Picka

Trump Says He Will Address the Nation at 9 p.m. Thursday

Walter Bloomberg reported on July 13 that President Donald Trump said he will address the nation at 9 p.m. on Thursday, July 16.