Alright, $4 trillion market cap. It’s like the digital finance scene just broke into the big leagues and waved goodbye to the kiddie table. Milestone.
Michael Saylor’s Strategy hits record market cap
Probably the story of the year. Michael Saylor has his company Strategy hitting a new all-time market cap high.
Tether’s USDT blasts past $160 billion
Tether’s star player, the stablecoin USDT, just smashed through the $160 billion supply ceiling.
Ethereum is up 50% in a month
Ethereum’s been cooking something special lately. 50% price jump in under four weeks. It’s a full-on comeback performance worthy of the big leagues.
Major Banks Deepen Crypto Commitment with Stablecoin & Trading Initiatives
Major banks, such as Citigroup and Bank of America, are increasingly exploring stablecoin initiatives, following JPMorgan’s lead with its JPMD deposit token on the Base blockchain, signaling a broader institutional shift toward blockchain-based finance.
Citigroup is actively considering issuing its own stablecoin and tokenized deposits, while Bank of America is in early discussions for a joint stablecoin project, reflecting the growing recognition of stablecoins’ potential for faster and more transparent payments.
Standard Chartered’s move into BTC/ETH spot trading further underscores traditional finance’s growing embrace of digital assets as a means to stay competitive with fintechs.
These developments are likely to reshape the market structure by integrating stablecoins into traditional banking, potentially increasing liquidity and transaction efficiency; however, regulatory clarity remains critical.
The GENIUS Act, advancing in the U.S., aims to provide a framework for USD-backed stablecoins, which could legitimize institutional adoption but faces hurdles in the House.
The balance between Web3’s agility and banking’s trust will hinge on how banks leverage their regulatory compliance and infrastructure to compete with decentralized platforms, with stablecoins potentially bridging the two ecosystems if regulatory momentum continues.
Ryan Lee, Chief Analyst at Bitget Research
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Sharplink Gaming Expands $6B Share Offering, Adds $515M in ETH to Treasury
Sharplink Gaming has raised the size of its share offering from $1 billion to $6 billion. This update came in a new prospectus supplement filed with the U.S. Securities and Exchange Commission (SEC) on Thursday, July 18.
