Day: July 31, 2025

Push for Liquid Staking in Solana ETFs Gains Institutional Support

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Solana infrastructure provider Jito Labs, asset managers VanEck and Bitwise and two other stakeholders are appealing to the US Securities and Exchange Commission (SEC) to allow liquid staking for Solana exchange-traded products (ETPs). Liquid staking is a form of allocating tokens to a validator while receiving a derivative token in return, effectively meaning the staked tokens aren’t “locked up.” Liquid staked tokens (LSTs) can be traded, used in decentralized finance or even loaned. However, the process introduces additional risks not seen in traditional staking processes. Groups appealing to the SEC,…

Jamie Dimon backs stablecoins after years of crypto criticism

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JPMorgan CEO Jamie Dimon appeared to moderate his long-held skepticism toward digital assets in a CNBC interview Tuesday morning, saying he’s now “a believer in stablecoins” and sees value in blockchain technology. During the interview, Dimon suggested JPMorgan’s shift toward crypto is being driven by customer demand, not conviction. “We’re going to accommodate… It’s what the customer wants, not what JPMorgan wants,” he said, adding that all new financial products come with risk: “There’s never been a new financial product that didn’t entail risk.” JPMorgan has been sharply expanding its…

Strategy Looking to Raise $4.2B Via Preferred Stock to Stack More Bitcoin

Strategy (MSTR), the largest corporate holder of bitcoin, plans to raise as much as $4.2 billion through sales of a newly issued preferred stock series, according to a Thursday filing with the U.S. Securities and Exchange Commission. The offering comes just days after the company sold nearly $2.5 billion worth of STRC, or “stretch,” to investors and the stock debuted trading on the Nasdaq Global Select Market. The shares pay a 9% variable dividend, adjustable at the company’s discretion to maintain market price…

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China mocks US crypto policies, Telegram’s new dark markets: Asia Express

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China airs 30-minute US crypto satire CCTV, China’s state broadcasting mouthpiece, aired a half-hour special on cryptocurrencies and how the US is attempting to solidify dollar dominance with stablecoins. The July 27 broadcast framed the new US stablecoin legislation GENIUS Act, as a geopolitical turning point. CCTV pinpointed that the new rules explicitly ban a Federal Reserve–issued central bank digital currency (CBCD) while allowing stablecoins to export US debt in digital form. The broadcaster said stablecoins backed by US Treasury bonds represent the third phase of dollar hegemony after Bretton…

IMF Recommends Including Bitcoin in National GDP Calculations

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The International Monetary Fund (IMF), a Washington DC-based financial institution under the United Nations, published an article on Thursday recommending what it calls “an updated System of National Accounts” (SNA), that measures and incorporates the value of emerging technologies, including Bitcoin and other cryptocurrencies, in the calculation of a country’s gross domestic product (GDP). The […] Original

Earnings Miss, Stablecoin Revenue Up

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Shares of Coinbase Global (COIN) plunged in after-hours trading Thursday after the crypto exchange missed Wall Street estimates on both earnings and revenue, despite hitting several key business milestones during the quarter. Coinbase reported $1.5 billion in second-quarter revenue, falling short of analysts’ expectations of $1.56 billion to $1.59 billion. While net income came in at $1.4 billion, adjusted net income, excluding investment gains, was just $33 million. Non-GAAP earnings were particularly weak, with profit at only $0.12 per share, well below the $1.49 per share analysts had projected. A…

XRP ETF Approval Incoming? Analyst Eyes September-October Window

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A fresh move by the SEC could clear the path for the first US spot ETFs tracking altcoins like XRP. Traders and investors are watching closely as new rules aim to speed up approvals by late 2025. This change comes just months after in-kind creation and redemption for crypto ETPs won the regulator’s blessing. New Listing Standards Open Door According to the recent filing of the US Securities and Exchange Commission, any coin with at least six months of futures trading on a platform such as Coinbase’s derivatives exchange can…

Crypto legislation: Bills stall in procedural phase in House

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io CNBC’s Emily Wilkins reports on the work to be done regarding crypto legislation in Congress. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: » Watch CNBC on the go with CNBC+: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: Follow…

Record Quarter: Strategy Earns $10B, Files $4.2B Offering to Buy More Bitcoin

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Strategy Incorporated, formerly operating as Microstrategy, has filed for a $4.2 billion offering of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) while reporting record second-quarter net income of $10 billion, driven by unrealized gains on its massive bitcoin holdings. Strategy Announces $4.2B STRC Offering and Record $10B Q2 Net Income Strategy filed […] Original