Will the US get CLARITY this week? Bitcoin’s new $80K target: Hodler’s Digest, July 19
The fate of the CLARITY Act hinges on Trump’s ethics, so the odds aren’t looking great. Prediction market volumes hit new highs, and more news.
Finance
United States Dollar Index struggles to lure buyers despite Iran tensions, Fed hike bets
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles to capitalize on a modest Asian session uptick on Monday and currently trades around the 100.80-100.75 region, nearly uncha…
US President Donald Trump says US hitting Iran 'very hard’
US President Donald Trump said that the latest US strikes on Iran were being carried out in honour of US service members killed in recent days, the Guardian reported on Monday.
AUD/USD Price Forecast: Recovers to near 0.7000 amid US Dollar’s weakness
The Australian Dollar (AUD) trades 0.12% higher to near 0.6995 against the US Dollar (USD) during the Asian trading session on Monday. The AUD/USD pair bounces back after a weak opening, as the US Dollar faces selling p…
Swiss Franc gains ground ahead of Trade Balance data
USD/CHF extends its gains for the second successive day, trading around 0.8070 during the Asian hours on Monday. The pair depreciates as the Swiss Franc (CHF) receives support ahead of the release of Trade Balance data …
FDA says Taylor Farms cyclospora finding was a false positive
Amid a nationwide rise in cases of cyclosporiasis — the illness caused by the “explosive diarrhea” parasite — officials have identified one possible source of an outbreak spanning Michigan and several other states.
Silver Price Forecast: XAG/USD rises toward $57.00 despite Fed hike bets
Silver price (XAG/USD) gains ground for the second successive day, trading around $56.80 per troy ounce during the Asian hours on Monday. However, the non-interest-bearing white metal could face tough sledding ahead as …
China keeps benchmark lending rates unchanged for 14th straight month in July
China is widely expected to leave its benchmark lending rates unchanged for a 14th consecutive month in July, signaling that policymakers remain reluctant to deploy broad-based monetary stimulus even as economic growth …
South Korea probed 40 cases of crypto manipulation over 2 years
South Korea’s financial authorities investigated more than 40 cases of unfair trading, including market manipulation and fraudulent crypto trading, in the last two years.
Allbridge pauses cross-chain bridge after $1.65M exploit
Allbridge, the company behind cross-chain stablecoin bridge Allbridge Core, said it has paused the protocol as a precaution after a “security incident” that reportedly saw $1.65 million drained on Sunday.
Japanese logistics company eyes JPYC stablecoin to pay drivers
AZ-COM Maruwa Holdings, a major Japanese logistics company, plans to adopt the JPYC stablecoin to make payments to around 2,300 business partners, in what is expected to be the first large-scale corporate use of the yen…
British Pound holds steady near 1.3450 as US-Iran strikes intensify
The GBP/USD pair trades on a flat note around 1.3450 during the early Asian session on Monday. Traders continue to assess the developments surrounding US-Iran tensions after the US said that a third American troop was k…
UK chief financial officers turn more hopeful about AI
A data-driven snapshot of how Euronext-listed companies are advancing their Environmental, Social and Governance (ESG) practices.
Australian Dollar softens below 0.7000 as US–Iran conflicts escalate
The AUD/USD pair edges lower to around 0.6975 during the early Asian session on Monday. The Australian Dollar (AUD) extends the decline below the 0.7000 psychological level due to escalating tensions in the Middle East.
US launches airstrikes to ‘swiftly punish’ Iran for deaths of US troops
The United States (US) has launched the ninth night of Iran strikes. Washington said that airstrikes on Sunday aimed to "punish" Iran over the first US military deaths since renewed hostilities with Tehran, Bloomberg re…
The GENIUS Act turns 1: State of Crypto
President Donald Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act into law a year ago, setting the U.S. on a course to establish federal regulations for stablecoins for the…
Saylor turns up heat with ‘110 reasons’ why BIP-110 is a bad idea
The man in control of the biggest Bitcoin corporate treasury said he shares the objectives but disagrees about the remedy detailed in the proposed temporary fork.
Bitcoin's biggest advocate, Michael Saylor, says new plan to clean up the blockchain is 'a bad idea'
Michael Saylor, executive chairman and co-founder of Strategy, has come out swinging against a new proposal to clean up Bitcoin’s ‘spam,’ arguing that it could fundamentally alter how the world’s largest blockchain oper…
AI is destroying the internet. Math is our only hope.
Not long ago, AI-generated content was a parlor trick — six-fingered popes and uncanny Tom Cruise lookalikes, more amusing than alarming. That era is over. The Iran conflict proved it: synthetic footage of detained Amer…
US agencies miss GENIUS Act deadline for final stablecoin rules
US regulators failed to finalize implementing regulations by the GENIUS Act’s one-year deadline, issuing 10 proposed rules instead.
Electronic Transactions Association CEO Expecting More Partnerships with Bitcoin Startups
Electronic Transactions Association (ETA) CEO, Jason Oxman, indicated that members of his organization might start recognizing Bitcoin’s disruptive potential, suggesting that this might lead to more partnerships between…
Tether's USDT hits 2-year countdown threatening its position on U.S. crypto platforms
The world's leading stablecoin by volume, Tether's USDT, could be shoved out of the U.S. markets if the company doesn't revamp dramatically in the next two years.
Exclusive-Samsung cuts US jobs, offers relocations ahead of HQ move
Samsung is pulling up stakes in New Jersey and heading to Texas, a move that could leave roughly 1,000 Garden State workers facing a stark choice: relocate or risk losing their jobs.
GDX at 20: Gold & the Pursuit of Independence
From America’s founding to GDX’s 20th anniversary, gold has remained a constant store of value, and VanEck has helped investors access it for nearly 60 years.