South Korean publicly traded firm Bitmax has augmented its Bitcoin portfolio by acquiring an additional 51.06 BTC, pushing its total Bitcoin reserves beyond the 400 BTC threshold. This strategic accumulation
BitcoinWorld US Crypto Regulation: House Republicans’ Stunning Setback Halts Key Cryptocurrency Legislation Was this supposed to be the week that finally brought clarity to the tumultuous world of digital assets in the United States? The crypto community certainly hoped so. After months, even years, of anticipation, two pivotal pieces of cryptocurrency legislation were on the cusp of reaching the House floor for a full vote. Yet, in a dramatic turn of events, those hopes were dashed. House Republicans, unable to muster the necessary votes for a procedural motion, effectively blocked these crucial crypto bills from advancing, leaving the future of US crypto regulation hanging in the balance. This unexpected halt has sent ripples through the market and raised significant questions about the path forward for digital asset policy. What Just Happened with US Crypto Regulation? The legislative process in the U.S. Congress can be complex, and often, the biggest hurdles aren’t the final votes on a bill’s substance, but the procedural steps required to even get it to the floor. In this instance, House Republicans attempted to bring two significant cryptocurrency bills – widely believed to be the Financial Innovation and Technology for the 21st Century Act (FIT21) and a stablecoin bill – to a plenary vote under a ‘suspension of the rules’ procedure. This method is typically used for non-controversial bills or those with broad bipartisan support, as it requires a two-thirds majority vote to pass. Unfortunately, the procedural motion failed. This means that despite the efforts of proponents, these bills could not bypass the usual committee processes and be fast-tracked for a full House vote. The immediate consequence is a significant delay, and potentially, the shelving of these specific legislative efforts for the foreseeable future. Infinity Hedge, reporting via Telegram, aptly summarized the sentiment: this will not be the ‘crypto week’ in the U.S. that many had eagerly awaited. Why Did the Procedural Motion Fail, and What Does It Mean for Cryptocurrency Legislation? The failure of a procedural motion often signals deeper divisions than might appear on the surface. While the exact reasons for the lack of two-thirds support aren’t always immediately clear, several factors could have contributed: Bipartisan Disagreement: Despite some bipartisan efforts on crypto, significant disagreements persist between Democrats and Republicans on the scope, nature, and oversight of digital assets. Some Democrats may view these bills as too favorable to the industry or lacking sufficient consumer protections. Internal Party Divisions: Even within the Republican caucus, there might be differing opinions on how to approach crypto regulation, leading to a lack of unanimous support needed for a supermajority vote. Regulatory Turf Wars: The debate over which existing agencies (e.g., SEC vs. CFTC) should have primary oversight over various digital assets continues to be a contentious issue, complicating legislative efforts. Timing and Priorities: With a busy legislative calendar and an election year looming, some members may have prioritized other issues or felt there wasn’t enough time to properly debate such complex legislation under a fast-track procedure. For cryptocurrency legislation, this failure is a major setback. It underscores the difficulty of passing comprehensive digital asset laws in a politically divided Congress. Without a clear regulatory framework, the crypto industry in the U.S. continues to operate in a gray area, facing uncertainty that can stifle innovation and deter institutional investment. The Broader Impact on Digital Asset Policy and the Crypto Market The blocking of these crypto bills has immediate and long-term implications for the entire digital asset ecosystem. The crypto market, which thrives on clarity and certainty, often reacts negatively to regulatory ambiguities or setbacks. Immediate Market Reaction: While specific price movements are influenced by many factors, news of regulatory delays or failures can contribute to: Increased Volatility: Uncertainty can lead to more speculative trading and wider price swings. Investor Hesitation: Both retail and institutional investors may adopt a ‘wait and see’ approach, slowing down capital inflow. Innovation Stifled: Companies might delay product launches or expansion plans in the U.S. due to the lack of clear rules. Long-Term Implications for Digital Asset Policy: This legislative roadblock could have profound effects on the U.S.’s standing in the global crypto landscape: Aspect Potential Impact of Legislative Delay Innovation & Competitiveness The U.S. risks falling behind other jurisdictions (e.g., EU with MiCA, UAE, Singapore) that are actively developing clear regulatory frameworks. Crypto businesses may choose to establish operations elsewhere. Consumer Protection Without comprehensive legislation, consumers and investors may remain vulnerable to scams, hacks, and market manipulation, as existing laws are often ill-suited for digital assets. Institutional Adoption Large financial institutions require regulatory clarity to fully engage with crypto. Delays hinder their participation, limiting the market’s growth and maturity. National Security Clear regulations are essential for combating illicit finance and ensuring the integrity of the financial system in the age of digital currencies. A fragmented approach creates loopholes. The continued lack of a cohesive digital asset policy means that the U.S. relies on enforcement actions and fragmented interpretations of existing laws, creating a patchwork regulatory environment that is challenging for businesses and confusing for consumers. What’s Next for US Crypto Regulation and Crypto Bills? Despite this setback, the push for comprehensive US crypto regulation is far from over. The crypto industry and its advocates in Congress are tenacious, and the underlying need for clarity remains. So, what are the potential paths forward? Potential Avenues for Future Cryptocurrency Legislation: Reintroduction and Committee Process: The bills could be reintroduced and go through the traditional committee process, allowing for more debate, amendments, and potentially, bipartisan compromises. This is a slower but potentially more robust path. Standalone Bills: Elements of the comprehensive bills might be broken down into smaller, more digestible standalone bills, focusing on specific aspects like stablecoins or market structure, which might have an easier time garnering support. Executive Action & Agency Guidance: In the absence of new laws, executive agencies (like the SEC, CFTC, Treasury) will continue to issue guidance and pursue enforcement actions based on existing statutes. While not ideal for the industry, this is a de facto form of regulation. Election Impact: The upcoming elections could shift the political landscape, potentially creating new opportunities or challenges for crypto legislation depending on the composition of the next Congress. Actionable Insights for the Crypto Community: For those invested in the future of digital assets, this setback is a reminder of the importance of engagement: Stay Informed: Keep abreast of legislative developments and the positions of your elected officials. Advocate: Support organizations that lobby for sensible crypto regulation. Contact your representatives to share your views on the importance of clear rules for innovation and consumer protection. Educate: Help bridge the knowledge gap about digital assets. Many policymakers still lack a deep understanding of the technology and its potential. The failure of House Republicans to pass the procedural motion highlights the deep-seated challenges in achieving comprehensive cryptocurrency legislation. It’s a stark reminder that while the crypto industry is rapidly evolving, the political process moves at its own pace, often hindered by partisan divides and procedural complexities. A Critical Juncture for Digital Asset Policy The recent legislative snag in the U.S. House of Representatives marks a critical moment for digital asset policy. While the immediate anticipation of a ‘crypto week’ has been dashed, the underlying need for a clear and comprehensive regulatory framework for crypto bills remains paramount. The setback underscores the challenges of navigating complex technology through a politically charged legislative environment. However, it also serves as a catalyst for renewed advocacy and a deeper understanding of the intricate dance between innovation and governance. The crypto industry, investors, and policymakers alike must now regroup and reassess the path forward. Whether through refined legislation, targeted bills, or continued engagement with regulatory bodies, the journey towards a robust and clear US crypto regulation framework will continue. The future of digital assets in the U.S. hinges on finding common ground and fostering an environment where innovation can thrive responsibly, benefiting both the economy and the public. To learn more about the latest crypto market trends, explore our article on key developments shaping digital asset policy and institutional adoption. This post US Crypto Regulation: House Republicans’ Stunning Setback Halts Key Cryptocurrency Legislation first appeared on BitcoinWorld and is written by Editorial Team
On July 16, on-chain analytics reveal that James Wynn’s 40x leveraged Bitcoin long position has appreciated by $161,200, reflecting significant gains in a highly volatile market. The position carries a
BitcoinWorld Fort Worth Bitcoin Mining: A Bold Leap Towards Municipal Crypto Adoption In a groundbreaking move that has sent ripples through the cryptocurrency world and beyond, Fort Worth, Texas, has officially stepped into the future by becoming the first U.S. city to engage in Fort Worth Bitcoin mining . This isn’t just a symbolic gesture; it’s a tangible commitment to embracing digital innovation, with three Bitcoin mining rigs now operating 24/7 within the hallowed halls of city hall. For anyone tracking the evolution of digital assets and their integration into mainstream society, this development marks a pivotal moment, signaling a potential new era for how cities manage resources and engage with emerging technologies. Fort Worth Bitcoin Mining: A Groundbreaking Initiative at City Hall The news, initially reported by Fox News 4 and amplified by Walter Bloomberg on X, confirms that Fort Worth has installed three Bitmain Antminer S9 rigs, which will run continuously for a six-month trial period. While three rigs might seem like a modest start in the vast landscape of global Bitcoin mining operations, the significance lies not in the scale, but in the precedent. This isn’t a private enterprise; it’s a municipal government, a public entity, directly participating in the decentralized network of Bitcoin. This bold step by Fort Worth’s city leadership demonstrates a forward-thinking approach, recognizing the potential of blockchain technology and digital currencies to contribute to local economies and public services. The decision to place these rigs within city hall itself is particularly symbolic. It brings a cutting-edge technology, often perceived as abstract or complex, directly into the heart of civic administration. This physical presence can serve as a powerful educational tool, demystifying Bitcoin for citizens and potentially fostering greater understanding and acceptance of cryptocurrencies. It’s a clear statement that Fort Worth is not just observing the digital revolution; it’s actively participating in it, aiming to harness its benefits for its residents. The Strategic Vision Behind Municipal Crypto Adoption: Why Now? Why would a city embark on a municipal crypto mining venture? The rationale extends beyond mere novelty. Fort Worth’s initiative is rooted in a strategic vision to position the city as a hub for technology and innovation. In an increasingly digital world, cities are competing to attract talent, investment, and future-proof industries. By embracing Bitcoin mining, Fort Worth signals its openness to new ideas and its willingness to experiment with disruptive technologies. Several key drivers likely influenced this decision: Economic Diversification: Exploring new revenue streams beyond traditional taxes and fees. Bitcoin mining, while volatile, offers a unique opportunity to generate income directly from a global digital asset. Innovation Hub Development: Attracting blockchain companies, developers, and enthusiasts to the city, fostering a vibrant tech ecosystem. This can lead to job creation and economic growth in emerging sectors. Public Awareness and Education: Serving as a tangible example of blockchain technology in action, which can help educate the public and local businesses about its potential applications. Future-Proofing Infrastructure: Gaining hands-on experience with decentralized technologies that may play a significant role in future public services, from supply chain management to secure record-keeping. This proactive stance by Fort Worth’s leadership suggests a long-term view on the role of digital assets in the global economy, aiming to secure a competitive edge for the city in the evolving technological landscape. Unpacking the Benefits of City Hall Bitcoin Mining: What’s in it for Fort Worth? While the immediate financial gains from three mining rigs might be modest, the benefits of this city hall Bitcoin project extend far beyond simple revenue. Fort Worth is investing in experience, visibility, and future potential. Let’s delve into the multi-faceted advantages: Potential Revenue Generation Every block mined contributes Bitcoin to the miner. While the three S9 rigs are not industrial-scale operations, they will generate a continuous, albeit small, stream of Bitcoin. Over time, and especially if Bitcoin’s value appreciates, these earnings could contribute to city coffers, potentially funding public services or further technological initiatives. This creates a novel, non-tax-based revenue stream, diversifying the city’s financial portfolio. Energy Efficiency and Sustainability (A Key Discussion Point) One of the most common criticisms of Bitcoin mining is its energy consumption. However, Fort Worth’s approach could serve as a case study in responsible mining. Many municipalities have access to existing infrastructure and potentially underutilized energy capacity, especially during off-peak hours. If the city can power these rigs using excess or renewable energy sources, it transforms a perceived negative into a positive, showcasing how Bitcoin mining can be integrated sustainably. The small scale also means minimal additional load on the grid, making it an efficient use of existing resources. Establishing Technological Leadership By being the first U.S. city to directly mine Bitcoin, Fort Worth immediately gains recognition as a pioneer. This enhances its brand as an innovative and tech-forward city, which can attract tech companies, startups, and skilled workers looking for an environment that embraces emerging technologies. This leadership position can lead to a virtuous cycle of innovation and economic growth. Public Education and Engagement The presence of mining rigs at city hall offers a unique opportunity for public engagement. Imagine school groups visiting, learning about blockchain, and seeing Bitcoin mining in action. This hands-on exposure can demystify complex concepts, foster digital literacy, and inspire a new generation of tech innovators within the community. It turns an abstract concept into a tangible reality. Navigating the Challenges of Public Sector Blockchain: What Are the Risks? No pioneering venture comes without its challenges, and Fort Worth’s foray into public sector blockchain is no exception. While the benefits are compelling, the city must also prudently manage potential risks and criticisms. Market Volatility of Bitcoin Bitcoin’s price is notoriously volatile. The value of the mined Bitcoin can fluctuate wildly, impacting the revenue generated. The city will need a clear strategy for managing these assets, whether holding them, converting them to fiat, or using them for specific purposes, to mitigate financial risk. Energy Consumption and Environmental Concerns Despite the small scale, any mention of Bitcoin mining often triggers concerns about its environmental footprint. Fort Worth will need to be transparent about the energy source for its rigs and demonstrate a commitment to sustainability. Proactive communication and, ideally, reliance on renewable energy or utilizing excess power, will be crucial to maintaining public support. Regulatory Uncertainty The regulatory landscape for cryptocurrencies in the U.S. is still evolving. While Bitcoin mining itself is generally legal, future regulations regarding digital asset holdings by municipal entities could emerge. Fort Worth will need to stay abreast of these developments and adapt its operations accordingly. Security Risks Operating Bitcoin mining rigs, even on a small scale, involves security considerations. Protecting the physical hardware from theft or damage, and safeguarding the digital wallets where mined Bitcoin is stored, are paramount. Cybersecurity measures must be robust to prevent hacking attempts or other malicious activities. Public Acceptance and Skepticism Not everyone is a crypto enthusiast. Some citizens may view this initiative with skepticism, seeing it as a waste of taxpayer money or an unnecessary risk. Effective public relations and transparent reporting on the project’s performance will be essential to build trust and demonstrate value to the broader community. Fort Worth’s Bold Step: A Precedent for Crypto Adoption Across the Nation? Fort Worth’s decision could be a significant turning point for broader crypto adoption within governmental structures across the United States. When a city takes such a visible and direct step, it sends a powerful message that cryptocurrencies are not just for tech enthusiasts or private investors, but are legitimate tools with potential applications for public good. This initiative could inspire other municipalities to: Explore Similar Mining Ventures: Cities with favorable energy costs or renewable energy surpluses might consider their own small-scale mining operations as a new revenue source. Investigate Blockchain for Public Services: Beyond mining, cities might look into using blockchain for more secure record-keeping, transparent voting systems, efficient supply chain management for municipal procurements, or even issuing municipal bonds on a blockchain. Accept Cryptocurrency Payments: If cities are comfortable mining Bitcoin, they might become more open to accepting Bitcoin or other cryptocurrencies for taxes, fees, or utility payments, enhancing convenience for citizens. Foster Local Crypto Economies: By embracing crypto at a municipal level, cities can encourage local businesses to also adopt digital assets, potentially creating localized crypto economies that attract new businesses and talent. Fort Worth is essentially running a live experiment, and the results of their six-month trial will be closely watched. A successful outcome could provide a blueprint for other cities, demonstrating that prudent engagement with cryptocurrencies can yield tangible benefits and contribute to urban innovation. What Lies Ahead: The Future of Fort Worth’s Bitcoin Venture The initial six-month trial period will be crucial for Fort Worth. During this time, the city will likely monitor the performance of the rigs, the revenue generated, the energy consumption, and public reception. The insights gained will inform future decisions regarding the scalability and long-term viability of the project. Possible future scenarios include: Expansion: If the trial is successful and the benefits outweigh the challenges, Fort Worth might consider expanding its mining operations, perhaps by adding more rigs or exploring larger-scale facilities. Integration into Broader Blockchain Strategy: The mining initiative could be just the first step in a more comprehensive blockchain strategy for the city, exploring applications in smart contracts for city services, digital identity, or even municipal stablecoins. Data Transparency: To maintain public trust and provide valuable lessons for other cities, Fort Worth would ideally publish regular reports on the project’s performance, including revenue, energy usage, and operational costs. Collaboration: The city might seek partnerships with private sector blockchain companies to enhance its capabilities, provide expertise, or explore joint ventures. Fort Worth’s pioneering spirit sets a powerful example. Their willingness to explore new frontiers in technology, even in the traditionally conservative public sector, marks a significant milestone in the journey towards a more digitally integrated future. The world will be watching to see how this bold experiment unfolds and what lessons it offers for the broader adoption of cryptocurrencies in civic life. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption. This post Fort Worth Bitcoin Mining: A Bold Leap Towards Municipal Crypto Adoption first appeared on BitcoinWorld and is written by Editorial Team
Former President Donald Trump convened a meeting with 11 House Representatives to deliberate on advancing the GENIUS Act, a legislative framework aimed at enhancing regulatory clarity within the crypto sector.
SUI’s rally above $3.60 is whale-driven, but inflows and overbought RSI hint at cooling momentum.
Standard Chartered has become the first big bank to launch spot trading for Bitcoin and Ethereum, a major milestone for cryptocurrency adoption. Standard Chartered Launches Bitcoin, Ethereum Trading For Institutions According to a press release , Standard Chartered has just rolled out deliverable spot trading for the two largest names in the cryptocurrency sector, Bitcoin and Ethereum. “In line with its commitment to offer clients safe, trusted and efficient digital assets solutions and following the successful launch of its digital assets custody service, Standard Chartered has today launched a fully integrated digital assets trading service for institutional clients,” reads the press release. Standard Chartered is a global systemically important bank (G-SIB) headquartered in the United Kingdom (UK). The bank has branches around the world, but the digital asset trading launch is specifically coming through the UK arm. This is the first example of a G-SIB offering deliverable spot trading services related to cryptocurrencies. G-SIBs are powerful institutions considered so integral to the global economy that their breakdown could trigger a wider financial crisis. As such, regulators closely watch these banks and put them through tighter scrutiny than normal institutions. Thus, for a G-SIB to enter the Bitcoin spot trading space could signal the progress digital assets have made in being accepted by traditional finance. “Digital assets are a foundational element of the evolution in financial services,” said Bill Winters, Group Chief Executive of Standard Chartered. “They’re integral to enabling new pathways for innovation, greater inclusion and growth across the industry.” While this is the first time the bank is offering Bitcoin and Ethereum spot trading services to institutions, it’s not its first venture into the wider digital asset space. Standard Chartered has investments in Zodia Custody and Zodia Markets, firms offering a range of cryptocurrency-related services. “We are applying our global expertise, infrastructure and risk management frameworks that our clients trust to the digital assets space,” said Tony Hall, Global Head of Trading and XVA, Markets, at Standard Chartered. The G-SIB’s latest service plugs into the bank’s existing infrastructure, allowing institutional clients to take part in Bitcoin and Ethereum trading activities through Foreign Exchange (FX) interfaces that they already use. “Clients can settle to their choice of custodian, including Standard Chartered’s secure digital assets custody solutions,” added the press release. In some other news, Bitcoin spot trading volume has seen a revival alongside the latest price surge , as the on-chain analytics firm Glassnode has pointed out in an X post . Since July 9th, spot volume has increased by 50.3% and futures volume by 31.9%. While this is clearly a significant jump, the wider picture remains that of trading activity being relatively muted. Compared to the year-to-date average, spot and futures volumes are both down more than 20%. BTC Price At the time of writing, Bitcoin is trading around $117,000, up over 7.5% in the last week.
BitcoinWorld UK DLT: Pioneering Transformative Financial Innovation in Wholesale Markets Are you ready for a seismic shift in the world of finance? The UK government is setting the stage for a groundbreaking initiative, empowering its wholesale financial market to delve deep into the potential of UK DLT and tokenization. This isn’t just about adopting new tech; it’s about fundamentally reshaping how financial transactions are conducted, promising unprecedented efficiency, transparency, and innovation. What is Driving Wholesale Finance DLT Adoption? The global financial landscape is constantly evolving, and distributed ledger technology (DLT) is at the forefront of this transformation. For the wholesale financial market, DLT offers a compelling proposition: the ability to streamline complex processes, reduce intermediaries, and enhance security. Imagine a world where asset transfers are instantaneous, settlement risks are minimized, and audit trails are immutable. This is the promise of wholesale finance DLT . Traditionally, wholesale financial markets, which include large-scale transactions between institutions like banks, investment funds, and corporations, have been characterized by multi-party reconciliation, lengthy settlement cycles, and and high operational costs. DLT, the underlying technology behind cryptocurrencies like Bitcoin and Ethereum, provides a shared, immutable ledger that all participants can access and verify in real-time. This shared source of truth can drastically cut down on reconciliation efforts and associated risks. Key drivers for DLT adoption in wholesale finance include: Efficiency Gains: Automating manual processes and reducing settlement times from days to seconds. Cost Reduction: Lowering operational expenses by minimizing intermediaries and manual reconciliation. Enhanced Transparency: Providing a single, immutable record visible to all authorized participants. Reduced Risk: Mitigating counterparty risk and operational errors through automation and shared ledgers. Unlocking Transformative DLT Use Cases The UK’s strategic move is centered on identifying and nurturing the most impactful DLT use cases within its wholesale financial sector. This proactive approach aims to move beyond theoretical discussions to practical, implementable solutions that can deliver tangible benefits. The potential applications are vast and varied, touching almost every facet of wholesale finance. Let’s explore some of the most promising DLT applications: DLT Use Case Description Potential Benefits Digital Bonds & Securities Issuing and managing traditional bonds and other securities as digital tokens on a DLT platform. Instant settlement, fractional ownership, reduced issuance costs, increased liquidity. Repurchase Agreements (Repos) Executing repo transactions on a DLT, facilitating collateral management and cash settlement. Automated lifecycle management, real-time collateral adjustments, reduced counterparty risk. Fund Management & Distribution Tokenizing fund units to streamline subscription, redemption, and transfer processes. Improved transparency, lower administration fees, broader access for investors. Derivatives & Structured Products Creating and managing complex financial instruments on DLT, enabling automated margining and settlement. Enhanced risk management, reduced disputes, greater efficiency in complex transactions. Cross-Border Payments Facilitating international payments using DLT for faster, cheaper, and more transparent transfers. Reduced foreign exchange costs, real-time tracking, improved reconciliation. By providing a supportive environment, the UK government is enabling financial institutions to experiment and validate these applications, moving them from pilot projects to mainstream adoption. The Power of Tokenization Solutions in the UK Hand-in-hand with DLT, tokenization solutions are poised to revolutionize how assets are owned, traded, and managed. Tokenization involves representing real-world assets (like real estate, art, or even commodities) or traditional financial instruments (like stocks and bonds) as digital tokens on a blockchain or DLT. Each token can represent a share of ownership, making assets more liquid, divisible, and accessible. The UK’s focus on tokenization signals a clear intent to unlock new avenues for capital formation and investment. For the wholesale market, tokenization means: Increased Liquidity: Making illiquid assets more tradable by dividing them into smaller, tokenized units. Fractional Ownership: Enabling multiple investors to own a portion of a high-value asset, democratizing investment. Automated Compliance: Embedding regulatory rules directly into the tokens themselves via smart contracts, ensuring compliance at every step. Reduced Intermediaries: Cutting out layers of brokers and custodians, leading to lower costs and faster transactions. The regulatory sandbox approach being considered by the UK is crucial here. It allows for controlled experimentation with tokenized securities and other assets, providing a safe space for innovation while ensuring consumer protection and market stability. Fostering Financial Innovation in a Regulated Environment The UK’s ambition is not just to adopt new technology but to lead in financial innovation . This involves creating a regulatory framework that is both forward-looking and robust. The government’s plan to enable the wholesale market to identify DLT use cases is a testament to this commitment. It acknowledges that innovation thrives when industry and regulators collaborate to understand the nuances and implications of emerging technologies. Key aspects of the UK’s approach to fostering innovation include: Regulatory Sandboxes: Providing a controlled environment for firms to test innovative products and services without immediate full regulatory burden. Task Forces & Working Groups: Bringing together industry experts, regulators, and technologists to discuss challenges and opportunities. Policy Development: Crafting clear and adaptable regulations that support DLT adoption while mitigating risks like market manipulation, cybersecurity threats, and money laundering. This balanced approach is vital. It allows the UK to capitalize on the benefits of DLT and tokenization without compromising the stability and integrity of its financial system. By proactively engaging with the wholesale market, the government ensures that policy development is informed by real-world needs and challenges. Challenges and the Road Ahead While the potential is immense, the journey to widespread DLT adoption in wholesale finance is not without its hurdles. Key challenges include: Regulatory Clarity: Ensuring a consistent and clear legal framework across jurisdictions. Interoperability: Developing standards that allow different DLT platforms to communicate seamlessly. Scalability: Ensuring DLT networks can handle the massive transaction volumes of wholesale markets. Cybersecurity: Protecting DLT systems from sophisticated cyber threats. Talent Gap: Addressing the shortage of skilled professionals in DLT and blockchain technologies. The UK government’s collaborative approach, involving industry and regulators, is designed to systematically address these challenges. By identifying the “best use cases,” they are prioritizing areas where DLT can deliver the most immediate and significant impact, building momentum for broader adoption. The UK is making a definitive statement: it intends to be a global leader in the digital transformation of finance. By empowering its wholesale financial market to explore and implement UK DLT and tokenization solutions , the government is not just embracing technology; it’s strategically positioning the nation for a future where financial markets are more efficient, transparent, and accessible. This pioneering approach to identifying DLT use cases will undoubtedly spark significant financial innovation , setting a precedent for other global financial hubs. The journey ahead will require continuous collaboration and adaptation, but the foundation is being laid for a truly transformative era in wholesale finance. To learn more about the latest DLT and tokenization trends, explore our article on key developments shaping financial innovation and institutional adoption. This post UK DLT: Pioneering Transformative Financial Innovation in Wholesale Markets first appeared on BitcoinWorld and is written by Editorial Team
Ethereum just smashed through the key $3,000 mark after drifting sideways for weeks. This fresh push didn’t appear overnight. Strong on-chain signals, rising trader positions, and an improving macro climate are all fueling what looks like the first big wave of Altseason 2025. The real question now is simple: where’s all the money heading next? One project making serious waves is BlockDAG (BDAG) , a new Layer 1 that’s already locked in over $339 million, sold 23.9 billion coins, and is on pace for a huge $600M presale cap. Let’s break down how Ethereum’s rally ties into BlockDAG’s rapid growth, and why this $0.0016 price window might not last long for anyone still waiting to jump in. Ethereum’s Climb Sparks Fresh Market Optimism Ethereum’s jump above $3,000 has brought traders back to life. After weeks of slow action, ETH’s daily chart finally broke through the $2,800 resistance. That move reclaimed its early 2025 levels and formed a promising higher high. Even more telling, open interest has climbed to $22.6 billion, showing traders are betting on more volatility ahead. Zooming in, the 4-hour chart reveals several price gaps that back up this momentum. If ETH can hold $2,800 as support, the next step up to $3,400 looks likely. But the real impact is on the wider altcoin market. As ETH gains strength, Layer 1 projects with actual use cases are suddenly grabbing attention from traders ready to deploy capital. One of those projects is BlockDAG. BlockDAG Surges as Altseason Hype Meets Solid Progress While Ethereum makes headlines, BlockDAG’s presale numbers tell their own story. The project just crossed $339 million in funds raised, with nearly 24 billion coins sold. Its GLOBAL LAUNCH release is set for August 11, which has the community buzzing with anticipation. BlockDAG’s design merges Bitcoin’s sturdy security, Kaspa’s high-speed DAG structure, and Ethereum’s smart contract flexibility. It’s a rare combo in the Layer 1 space. Bitcoin’s PoW security keeps it safe and decentralized DAG structure supports 15,000+ TPS for smooth scaling Ethereum-compatible EVM brings smart contracts into play Easy-to-use tools help new devs start fast Over 2M mobile miners are already earning BDAG with the X1 app And BlockDAG isn’t just making promises. It’s delivering: Testnet is up and running Mainnet launch is locked in for August ASIC mining hardware is active 18,500+ rigs sold already 200K+ holders building the community These steps prove the project’s roadmap isn’t vaporware, it’s real progress, and people are paying attention. Final Presale Phase and Huge ROI Still on the Table BlockDAG’s $600 million goal may sound ambitious, but the progress is clear. Over $339 million has come in already, and with a current price of just $0.0016, the remaining batches could close out fast. When BDAG hits exchanges at its confirmed $0.05 launch price, early buyers could see a return of up to 3,025%. This is real math based on current pricing and the final exchange target, not empty hype. Combined with growing interest across the crypto market, BlockDAG’s unique hybrid model makes it stand out as a solid pick for anyone watching Altseason unfold. With the market moving from fear to fresh risk-taking, projects with real-world traction and strong utility are leading the charge. BlockDAG checks every box: speed, security, developer appeal, and community support. That’s why it’s gaining momentum right alongside Ethereum’s push. Altseason Is Now, Don’t Miss the Entry! Bitcoin is above $122K. Ethereum sits solidly above $3,000. Capital is flowing fast, and solid Layer 1s like BlockDAG are becoming top picks for those who want more than quick flips. BlockDAG’s team has also locked in sports deals with the Seattle Seawolves and Orcas and major collabs with UFC fighters and football teams, all proof of its global ambitions. Its confirmed GLOBAL LAUNCH release on August 11 means the $0.0016 price phase could soon close forever. Ethereum’s breakout is your sign. Altseason 2025 isn’t coming, it’s happening now. And for buyers watching for a real project with a working testnet, mining support, $339M raised, and 3,025% potential upside, BlockDAG is leading the charge. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu The post Ethereum Breaks $3K as Altseason Strength Grows With BlockDAG’s $339M Presale, 23.9B Coins Sold, & 3,025% ROI appeared first on TheCoinrise.com .
Bitcoin climbed past $122,000 this week, marking its fourth straight month of gains. It even touched $123,000 Monday before dipping slightly. Related Reading: XRP To Hit $4 This Week? This Crypto Expert Thinks So Prices like these put the crypto asset well beyond what many everyday earners can afford. According to the Social Security Administration, the average yearly salary in the US is $66,600. That means a single coin now costs nearly twice what a typical worker makes in a full year. Bitcoin Prices Soar Past Records Based on reports from top crypto channel Altcoin Daily, high‑net‑worth individuals are being urged to act fast. The platform tweeted that millionaires should consider buying at least 1 BTC now, while it’s still within reach. This warning follows a popular post from El Salvadorian President Nayib Bukele, who pointed out that not all millionaires will be able to pick up a whole Bitcoin. With just 21 million BTC ever to exist and over 50 million millionaires worldwide, grabbing even 0.5 BTC would be out of reach if everyone tried. If you’re already a millionaire you need to buy 1 whole Bitcoin before it gets to expensive for you. — Altcoin Daily (@AltcoinDaily) July 13, 2025 Supply Crunch And Demand Rising According to Bloomberg Terminal data, traders are already thinking in terms of “millions per coin.” That shift reflects growing expectations that Bitcoin will surge into seven‑figure territory. United States President Donald Trump’s second son, Eric Trump, recently said that half a Bitcoin will be a huge amount of money soon and predicted the crypto could hit $1 million in the mid‑term. Those comments add to a chorus of bullish voices. Millionaires Feel The Squeeze Based on analysis from Binance co‑founder Changpeng Zhao, the $1 million mark isn’t far off. He told investors that it could happen in this bull cycle. Brandon Green of BTC Inc. agreed, forecasting a similar timeframe for liftoff. If those estimates hold, owning less than a coin may soon feel like holding pocket change. Big Names Project Massive Gains Ark Invest has put a $1.5 million base‑case target on Bitcoin by 2030, with a $2.4 million bull case riding on more institutional and nation‑state buying. That study credits a supply squeeze and wider adoption as key drivers. Meanwhile, Michael Saylor, who chairs Strategy, has set his sights even higher. He raised his forecast to $13 million per coin by 2045, citing rapid regulatory clarity and fast‑tracking corporate investment. Related Reading: Avalanche Shatters Record With 20M Transactions—Is Real-World Use Finally Here? Bold Forecasts Paint A High Stakes Picture Some of these price targets may sound lofty. Yet they reflect a simple math problem: shrinking supply meets growing demand. Fractional ownership allows small investors to chip in over time, but the sense of urgency is hard to ignore. For now, Bitcoin’s rally is rewriting affordability rules, and the window for easy access may be closing. Featured image from Meta, chart from TradingView