Digital Assets

Zerohash, the crypto infrastructure provider behind digital asset services for major financial firms, plans to resubmit its national trust bank application after the OCC returned its initial filing. The company says the move does not affect current operations and expects a narrower application to receive swift review.

Trump Media and Technology Group reported a smaller bitcoin position at the end of June as the fair value of its crypto assets declined. The update followed the collapse of planned Crypto.com-linked initiatives, including a proposed CRO treasury company and an ETF servicing partnership.

The European Union’s MiCA framework is now fully in force after its transitional window ended on July 1, 2026. For U.S. advisors, the message is clear: governance, custody controls and operational risk management are quickly becoming core fiduciary issues in digital assets.

Galaxy Digital shares moved lower in pre-market trading after the company reported a narrower quarterly loss but revenue that missed expectations. Investors also focused on the Helios data-center business, which generated revenue for the first time but did not announce a new customer or lease.

SpaceX reported second-quarter revenue of $7.8 billion, exceeding Wall Street expectations and narrowing its net loss from a year earlier. The company also disclosed that the value of its bitcoin holdings fell to $1.10 billion from $1.64 billion at the end of 2025.

South Africa’s National Treasury and the South African Reserve Bank are advancing draft rules for crypto used in cross border transactions. The proposal would require offshore crypto transfers to go through authorized providers and be reported to FinSurv.

Strategy is publicly monitoring Bitcoin’s 200-week moving average and the cryptocurrency’s premium or discount to that level. The focus comes as Bitcoin trades near the historically important long-term trend line, with market participants watching whether support holds.

Wallets tied to Trump Media moved 2,628 bitcoin worth about $165 million to Crypto.com, leaving roughly 4,261 bitcoin in tagged addresses. The remaining balance now closely matches the 4,260.73 bitcoin the company previously listed as collateral for convertible notes, making its next 10-Q central to understanding whether the transfers were custody movements or sales.

Uphold has reduced its global workforce by 17% as the digital asset platform redirects resources toward its enterprise business. The company says offices remain open and customer services continue as demand from banks, fintechs and broker-dealers grows.

Mirae Asset Consulting has become the largest shareholder in Korbit after taking a 97.15% stake in South Korea’s first homegrown cryptocurrency exchange. The move places Korbit inside the wider Mirae Asset Group family without changing the exchange’s operating company or disrupting customer services.

Tesla kept its bitcoin treasury unchanged through the second quarter, maintaining 11,509 BTC while recording an after-tax impairment loss of $112 million. The crypto update landed alongside mixed quarterly results, with revenue beating expectations and adjusted earnings missing forecasts.

Russia’s State Duma has approved a comprehensive cryptocurrency framework that will regulate exchanges, depositories, mining and digital asset services. The law keeps domestic crypto payments banned but allows limited use of digital currencies in foreign trade and other specified transactions.

Polymarket traders now assign the CLARITY Act a 32% chance of passing by the stated deadline, the lowest level since the market opened in January. Senate negotiations remain stuck on bipartisan ethics language, even as crypto executives press Congress for clear SEC and CFTC boundaries.

The Clarity Act is being framed by digital asset advocates as a major step toward stronger consumer safeguards in U.S. crypto markets. Its proposed rules would cover registration, custody, disclosures, conflicts of interest, fraud prevention and the treatment of customer assets if a platform fails.

Bitcoin is moving toward a long-followed power-law support area near $58,000, a zone that has coincided with major cycle lows since 2015. Market participants remain cautious, with liquidity conditions weak and speculative capital rotating toward gold and semiconductor stocks.

Indian authorities continue to take a hard line on crypto even as digital assets gain wider global acceptance. The Reserve Bank of India remains concerned about bank exposure, stablecoins, financial contagion and pressure on the country’s external position.

Vanguard is seeking a head of digital assets to build a multi-year roadmap across tokenization, stablecoins, custody and blockchain infrastructure. The move points to a measured evolution in the asset manager’s crypto posture after it began allowing clients to trade crypto ETFs and mutual funds.

Europe’s Markets in Crypto-Assets framework has positioned the bloc as a global regulatory leader, but the next challenge is execution. Licensing uncertainty, including Binance’s withdrawal of its Greek application, is sharpening debate over whether MiCA can deliver a truly harmonised single market for digital assets.

President Donald Trump defended at least $1.4 billion in crypto income reported for 2025, saying there was nothing wrong or illegal about the money. The disclosures have sharpened criticism that his family is benefiting from digital asset ventures while his administration shapes crypto policy.

President Donald Trump said there was “nothing wrong” with the more than $1.4 billion he earned from crypto-related ventures, rejecting claims of wrongdoing. New disclosures tie much of the haul to a memecoin, World Liberty Financial and a stablecoin venture linked to Abu Dhabi interests.

Securitize has launched tokenized versions of its NYSE-listed shares on Solana and Avalanche on the same day it went public. The rollout adds fresh momentum to Wall Street’s push to place real-world equities on blockchain rails.

Europe’s crypto rulebook is under fresh scrutiny as policymakers weigh whether MiCA still fits a market increasingly shaped by stablecoins and tokenization. The review reflects a broader shift in tone as institutional adoption grows and regulators revisit reserve and accounting risks.

Cantor says bitcoin appears to be in the late stages of its current bear cycle, with historical patterns suggesting a possible bottom around October. The bank also says future crypto leaders will be networks that turn real usage into lasting token demand.

Taiwan has approved a major new law that tightens oversight of its crypto sector and raises compliance expectations for virtual asset firms. The framework introduces licensing, stronger custody standards, reserve requirements, and harsher penalties for violations.