Digital Assets

FinCEN has withdrawn a proposed rule that would have required banks and crypto businesses to report certain large transfers involving self-custody wallets. The agency also dropped a separate proposal focused on crypto mixers, saying the move supports a deregulatory push and more tailored digital-asset rules.

Payward has integrated Singapore Gulf Bank’s real-time clearing network to let select institutional clients settle eligible digital-asset transactions and fund trading around the clock. The rollout begins with U.S. dollar transactions in eligible Asian and Gulf jurisdictions, with more clients and currencies planned over time.

Illinois has agreed to postpone implementation of its 0.2% digital asset tax until July 1, provided a state court approves the deal. The delay gives crypto firms and advocacy groups breathing room as they challenge the measure’s constitutionality and enforceability.

The Senate failed to advance the Clarity Act after no Senate Democrat voted to move the digital asset legislation forward. The setback has sharpened partisan conflict over crypto market structure, consumer protections, and the role of the SEC and CFTC.

BlackRock sees artificial intelligence as a potential catalyst for digital asset adoption as autonomous agents begin paying for services, data and computing power. The asset manager views stablecoins as the nearer-term beneficiary, while tokenized markets for computing capacity remain at an early stage.

Bitcoin and gold face pressure from rising U.S. yields ahead of the Fed decision. BTC consolidates near $77K–$82K, while gold risks further weakness.

The Senate faces a pivotal decision on whether to advance the Clarity Act, a digital asset framework designed to bring clearer rules to the U.S. crypto market. Supporters argue the bill could help keep blockchain innovation onshore while addressing uncertainty that has pushed much cryptocurrency trading overseas.

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.