Author: James Wilson

The United Kingdom has set an early 2027 target to issue its first digital sovereign bond on distributed-ledger infrastructure, becoming the first G7 country to launch government debt in tokenized form. Summary The UK plans to issue its first blockchain based sovereign bond by early 2027 through HSBC’s Orion platform. The Digital Gilt Instrument will operate inside the Bank of England and FCA Digital Securities Sandbox. The move comes as the UK expands cooperation with the US on stablecoins, tokenized assets and cross border financial markets. According to Chancellor Rachel Reeves, who announced the plan during her annual Mansion House…

Polymarket has been blocked in the Czech Republic after authorities classified the prediction market platform as an unlicensed gambling service, adding another European jurisdiction to the list of countries restricting its operations. Summary Czech authorities have given internet providers 15 days to block access to Polymarket. Regulators said the platform must follow gambling rules regardless of how its contracts are described. India, Argentina and several European countries have also taken action against Polymarket. The Czech Ministry of Finance has ordered internet service providers to block access to Polymarket within 15 days of placing the platform on the country’s list of…

TeraWulf shares have dropped more than 7% after New York ordered a one-year pause on new environmental permits for large-scale data centers. Summary TeraWulf shares fell more than 7% after New York paused new environmental permits for large data centers. The company said its Lake Mariner and Lake Hawkeye projects are not affected by the governor’s executive order. TeraWulf continues expanding its AI business after signing a 20 year Anthropic lease expected to generate about $19 billion in contracted revenue. According to an executive order signed by New York Governor Kathy Hochul on Tuesday, the state will temporarily stop issuing…

Three Democratic senators have opposed the Digital Asset Market Clarity Act unless lawmakers add stronger ethics rules covering senior officials and their families. Summary Murphy, Merkley and Van Hollen oppose the CLARITY Act unless lawmakers add strict ethics safeguards. John Thune pledged a Senate vote before recess, but timing and Democratic support remain uncertain. The bill needs 60 votes, making bipartisan support essential amid disputes over ethics and DeFi. Senators Chris Murphy, Jeff Merkley and Chris Van Hollen raised their objections during a July 14 press conference organized with Americans for Financial Reform and Indivisible. The lawmakers tied their opposition…

Every few weeks, a token that has done nothing wrong falls ten percent in a day, and the explanation turns out to have been sitting in public view for years. A tranche of supply, promised to early investors back when the project raised money, hit its scheduled release date. Insiders who bought at a fraction of the market price suddenly held tokens they could sell, and enough of them did. Traders call these events unlocks, and they are among the most predictable forces in crypto markets, which makes it strange how many investors get blindsided by them. A token unlock…

President Donald Trump has strengthened support for a new UK-US stablecoin framework as the Senate races to advance the CLARITY Act despite growing opposition from banking groups over its stablecoin provisions. Summary UK and US have endorsed common stablecoin standards for cross-border finance and customer protection. Trump has continued pushing the Senate to pass the CLARITY Act before the August recess. Banking groups warn unclear stablecoin rules could accelerate deposit outflows from smaller banks. According to a joint statement released through the Transatlantic Taskforce for Markets of the Future, the United Kingdom and the United States have agreed that properly…

Avalanche has reached $2.1 billion in distributed tokenized real-world asset value after a 60.47% monthly increase, supported by a newly announced $11 billion institutional tokenization deal with Bridgetower. Summary Avalanche’s tokenized RWA value has climbed to $2.1 billion after a 60.47% monthly increase. Bridgetower’s $11 billion tokenization deal has pushed Avalanche into the top five for net RWA inflows. BlackRock, VanEck and Franklin Templeton continue expanding institutional activity on Avalanche. According to data from RWA.xyz, Avalanche’s distributed tokenized asset value climbed to $2.1 billion over the past 30 days, lifting the network to fifth place among tokenization blockchains by distributed…

JPMorgan has lowered its earnings forecasts for Circle and Coinbase after a new USDC revenue-sharing agreement with Hyperliquid changed how income from the stablecoin’s reserves will be divided. Summary JPMorgan cut earnings forecasts for Circle and Coinbase after the Hyperliquid USDC deal. The bank warned new revenue-sharing terms could pressure stablecoin profit margins. Analysts remain divided as higher interest rates may still support USDC earnings growth. According to a JPMorgan research note, the revised agreement could reduce the long-term profitability of the USDC business for both companies, even as they continue pursuing higher adoption of the dollar-backed stablecoin. JPMorgan Cuts…

Dogecoin price has climbed more than 2% after softer US inflation boosted risk appetite, even as Binance traders have offloaded $1.2 billion in memecoins since October. Summary Dogecoin price rose over 2% after US inflation eased to 3.5%, boosting demand for risk assets. CryptoQuant says Binance traders have sold $1.2 billion in memecoins since October 2025, weighing on DOGE. Technical charts show improving short-term momentum, but key resistance near $0.0755 still needs to break. According to CryptoQuant analyst Darkfost, traders have reduced memecoin exposure because they consider these assets the riskiest part of the crypto market. Although Dogecoin has joined…

Senator Thom Tillis has proposed new CLARITY Act language that would allow federal banking regulators to intervene if stablecoin yields trigger systemwide deposit flight from US banks. Summary Thom Tillis proposes a CLARITY Act “circuit-breaker” to address stablecoin-related deposit flight. Banking groups continue pressing for stricter stablecoin rules despite an earlier compromise. Cynthia Lummis says the Senate expects to release the CLARITY Act text within days. According to a report from Punchbowl, the North Carolina Republican has suggested adding a “circuit-breaker” provision to the Senate’s crypto market structure bill after concerns from banking groups continued to dominate negotiations over stablecoin…