The post Circle Applies to OCC: Reinforcing Control in USDC Reserves appeared first on Coinpedia Fintech News The stablecoin issuer, Circle Internet Group, applied to the Office of the Comptroller of the Currency (OCC) on June 30 to establish a US trust bank called First National Digital Currency Bank. If OCC approves, the trust bank would oversee the company’s reserves of USDC (its dollar-pegged stablecoin) and offer digital asset custody services to institutional clients. Why Did Circle Apply for National Digital Currency Bank Currently, the BlacRock manages the majority of Circle’s stablecoin reserves, which is not ideal for the company. It makes the stablecoin users susceptible to risks without warranting their safety. Without a strong, trustworthy structure, the company would become vulnerable and would be exposed to legal uncertainties. Additionally, this will result in token collapse and scaling back the adoption rate. So, the company is applying to the National Trust Bank to strengthen its USDC infrastructure. Circle’s Key Objectives with National Digital Currency Bank The National Trust Bank will be managing USDC reserves and tokenized treasuries in Circle while offering on-chain payments under federal oversight. This initiative aims to help Circle meet the requirements in the GENIUS Act. One of Circle’s primary goals is to build an internet financial system that is transparent, efficient, and accessible to all users, ensuring legal compliance. Circle plans to focus on the custody of tokenized assets — stocks and bonds on blockchain rails, rather than cryptocurrencies like Bitcoin. Amid the global trends of modernizing traditional markets by integrating blockchain technology, Circle is fortifying its blockchain priority to meet the global demand. Has the OCC Application Been Approved? The OCC has not yet approved Circle’s application for a national trust bank charter. The process of reviewing the application includes a public comment period of 30 days before finalizing. Generally, the complete process takes 120 days, examining the necessary documentation, business summary, compliance, requirements of global standards, and outline of the services it aspires to provide. Final Thought With over $62 billion in USDC circulation, Circle is thriving in the global competition of digital assets. The company is actively working to terminate its reliance on a third party to oversee its digital asset reserves while strengthening internal control by minimizing risks and enhancing transparency.
President Donald Trump has successfully rallied House Republicans to reconsider key cryptocurrency legislation, the GENIUS Act and the CLARITY Act, after an initial procedural vote faced an unexpected defeat. This intervention signals a determined push by the Trump administration to advance its pro-crypto agenda despite internal party divisions and significant opposition from Democratic and decentralized … Continue reading "Trump Intervenes: House GOP Revives Vote on Contentious Crypto Bills" The post Trump Intervenes: House GOP Revives Vote on Contentious Crypto Bills appeared first on Cryptoknowmics-Crypto News and Media Platform .
Refine Group AB, a prominent Swedish consumer firm, has unveiled a strategic initiative to establish a Bitcoin reserve as part of its treasury management. The company aims to secure 10
Peter Thiel has taken a major position in BitMine Immersion Technologies, acquiring a 9.1% stake in the firm as it pivots toward becoming a leading Ethereum treasury. The move, disclosed in a recent US SEC filing , signals a growing institutional appetite for Ethereum as a strategic asset. Thiel, best known as a co-founder of PayPal and Palantir, made the investment through Founders Fund Growth II Management. The filing shows Thiel’s entities now control approximately 5.09m shares of BitMine, a Nasdaq-listed company trading under the ticker BMNR. Based on the company’s most recent share count, that translates to a 9.1% ownership stake. According to an SEC filing, Peter Thiel, co-founder of PayPal and prominent Silicon Valley investor, indirectly holds a total of 5,094,000 shares of common stock in Bitmine Immersion Technologies, Inc. through multiple affiliated entities, representing 9.1% of the outstanding… — Wu Blockchain (@WuBlockchain) July 16, 2025 From Mining to Ethereum Treasury BitMine, which once focused on Bitcoin mining, has shifted its strategy under CEO Jonathan Bates and newly appointed chairman Tom Lee. The company now holds more than 163,000 ETH, currently valued at around $500m, making it one of the largest Ethereum treasuries among public firms. Lee, co-founder of Fundstrat Global Advisors, has long championed Ethereum’s role in decentralized finance, stablecoins, and smart contract applications. He recently described the asset as “on the brink of a major breakout,” driven by increasing adoption across real-world payment systems and staking protocols. Thiel’s Investment Adds Credibility to BitMine’s Ethereum Strategy The private placement that brought Thiel on board closed on July 9. It raised $250m. In addition, it attracted heavyweight backing from Pantera Capital, Galaxy Digital and Kraken. Together, these investments signal strong crypto-native support for BitMine’s strategic shift. The SEC filing clarifies that Thiel’s investment is passive, with no current plans to influence control of the company. All voting and dispositive powers are shared among the Delaware-registered entities involved in the purchase. Still, Thiel’s involvement carries symbolic weight. Known for making early bets on paradigm-shifting technologies, his backing of BitMine places Ethereum in the same camp as other transformational ventures he’s supported, from Facebook to SpaceX. It also aligns him closely with Lee’s vision of Ethereum as the digital infrastructure for the next financial era. The timing is notable. Earlier this month, Thiel joined a consortium of tech billionaires backing Erebor, a new US bank aimed at filling the gap left by Silicon Valley Bank’s collapse. The initiative is designed to support startups and crypto firms with more reliable access to capital. The post Billionaire Peter Thiel Takes 9% Stake in Ethereum Treasury Startup appeared first on Cryptonews .
The post Crypto Regulations in Argentina 2025 appeared first on Coinpedia Fintech News In Argentina, cryptocurrency is treated as a form of digital asset, allowing trading, storage, and usage without major restrictions. To ensure the safe and secure use of crypto, the Argentine federal government has implemented important regulations governing its use, including a VASP license, registration, and strict compliance with AMK and CFT. In 2025, Argentina is actively implementing a regulatory framework for crypto to enhance oversight and align with global standards. Major Crypto Regulations in Argentina 2025 April 14, 2025 – Cepo Cambiario The Argentine government lifted most currency controls, also known as “ cepo cambiario ”, allowing individuals to buy US dollars without restrictions. This deregulation extended to transactions involving cryptocurrency, expanding liberalization of foreign exchange. March 14, 2025- Resolution 1058/2025 The rule was issued by the National Securities Commission (CNV) to establish a mandatory registration system for virtual asset service providers (VASPs). It also seeks to align Argentina with global anti-money laundering (AML) and counter-terrorist financing (CFT) standards recommended by the Financial Action Task Force (FATF). The full regulatory framework will take effect on December 31, 2025. The deadline for registration of entities is as follows: Individuals– before July 1, 2025; Legal bodies in Argentina– before August 1, 2025; Foreign legal entities– before September 1, 2025. Timeline of crypto regulations: Date Law/ Regulations Details July 18, 2024 Decree 640/2024 Legal framework for the tokenization of goods March 25, 2024 CNV resolution 994/2024 Mandatory VASP registration with CNV March 25, 2024 UIF Resolution 49/2024 VASPs as UIF reporting entities, AML/CFT obligations March 14, 2024 Law 27,739 VASP registration, AML/CFT, phased compliance deadline December 20, 2023 Decree 70/2023 Legal validity of crypto contracts reaffirmed May 4, 2023 Central bank ban Banks decline to offer crypto services What is the Argentine Government Saying About Crypto? In 2025, the Argentine government took a progressive stance towards cryptocurrency, recognizing it as a digital asset. President Javier Milei’s administration has fostered this environment by initiating new legislation to encourage the growth of the cryptocurrency sector. The government’s key focus is: Allowing regulated use in transactions and contracts of crypto Ensure security and consumer protection within the crypto market Promotion of crypto adoption and investment in digital assets as part of the broader economy. Crypto Tax in Argentina 2025 Important note: Crypto is an intangible property, so holding crypto is not taxed, but profits or income from transactions are taxable, aligning with fiscal modernization efforts. Tax reporting: The Financial year runs from January 1 to December 31, and tax returns are due by June 30 of the following year. Crypto tax can be reported through AFIP’s online tax portal. Tax type Tax rate Tax applicability Capital gains tax (CGT) 15% Profits from selling/ exchanging crypto Income tax 5% to 35% Earnings from mining, staking, and payments Personal property tax 0.25%- 1.25% Year-end value of crypto holdings VAT 21% Crypto is used to buy goods and services International transfers 5% -15% Cross-border crypto transactions. Crypto License in Argentina There are no specific licenses in Argentina for crypto businesses; only the Virtual Asset Service Provider (VASP) registration is required to operate. The Resolution General 994/2024 defined the VASP, while Ley 277739 specified the regulatory (CNV) and functions of VASPs. All crypto companies must register if their transaction volume exceeds 35,000 UVA (approx $29,246). Exemptions for monthly volume below this threshold are also available. Penalty: Failure to register can result in the disqualification of the crypto platform and cease it from operating. Under Ley 27739, the VASP can engage in: Exchange of virtual assets for fiat currencies. Exchange of one virtual asset for another. Transfer of virtual assets. Custody and management of virtual assets. Financial services related to virtual assets offerings and sales. Crypto Adoption In Argentina User penetration rate: The crypto user penetration is expected to be 22.80% in 2025 and is projected to increase to 23.80% by 2026. The number of users in the crypto market is expected to reach 10.95 million by next year. Crypto revenue: The current projected crypto revenue is estimated to reach US$940.9 million in 2025. As the crypto market is growing rapidly in the region, the estimation for 2026 is growing at a rate of 16.02%, depicting US$1.1 billion crypto revenue by 2026. Crypto holdings: The Argentine government has not disclosed its crypto holdings yet; policies are prioritizing creating a framework for crypto regulations to protect investors and consumers. Conclusion Argentina’s recent policies and the government’s active efforts in the crypto space have promised further exploration of blockchain tokenization and open finance. The country is fully supporting high fintech adoption to balance security with modernization. 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Yes, crypto is legal but not considered legal tender. It’s regulated for taxation and anti-money laundering purposes. How is crypto taxed in Argentina? Crypto gains are taxed up to 15% for individuals and 25–30% for legal entities based on residency and income source. Can you mine cryptocurrency legally in Argentina? Yes, crypto mining is legal and popular due to Argentina’s low-cost, subsidized electricity. Are banks allowed to offer crypto in Argentina? No, Argentina’s central bank banned unregulated crypto services in traditional banks in May 2022.
A single-word reply on X from Rep. Anna Paulina Luna (R‑FL) — “Confirmed” — rocketed through the crypto markets early Wednesday, convincing a growing chorus of traders that Federal Reserve Chair Jerome Powell’s tenure is measured in days, not months. Within minutes of Luna’s affirmation that “Jerome Powell is going to be fired. Firing is imminent,” prediction‑market odds of his ouster on Polymarket leapt to 26 percent, the highest reading this year, up from 16 percent only 24 hours earlier. A White‑House‑backed search is already under way. Treasury Secretary Scott Bessent, in an on‑record Bloomberg interview, acknowledged “a formal process that’s already starting” to identify Powell’s successor, adding that “there are a lot of good candidates inside and outside the Federal Reserve.” Related Reading: ‘Crypto Week’ Takes A Hit: US House Fails To Advance Key Acts President Donald Trump underscored the point during an impromptu press gaggle, repeating last week’s warning that “the renovations at the central bank were a fireable offense.” Those renovations — an over‑budget, $2.5 billion overhaul of the Fed’s historic Eccles Building — have become the legal pretext for dismissal, with Trump allies alleging “inefficiency” and “neglect of duty,” two of the three causes for removal spelled out in the Federal Reserve Act. Powell has asked the Fed’s inspector general to reopen its review of the project. Notably, Bill Pulte, the Federal Housing Finance Agency head and a longtime Powell critic, confirmed the rumors to his followers on X: “I heard from a very credible, bipartisan source, today, that Jerome Powell is considering resigning. This maps with both reports and also the talk in DC.” Crypto Markets Sense A Massive Bull Run The Bitcoin and crypto prices haven’t shown any reaction to the rumor yet. After piercing $123,000 on Monday, BTC is still 4.5 percent below the record high. The entire crypto market seems to be in a wait-and-see position. However, long-term, the implication could be profound for the crypto markets. “I cannot think of a more bullish catalyst for Bitcoin in the past five years than the complete and utter humiliation of Jerome Powell,” wrote macro commentator Julian Figueroa, pointing to what he called the “façade” of central‑bank independence collapsing in real time. Related Reading: Happy Ending: Crypto Hacker Returns Funds From $42 Million GMX Exploit Long‑time trader Byzantine General echoed the ambivalence: “Powell was actually a great Fed chair. But… if he resigns then it’s very likely that whoever comes next will lower rates, which is bullish for our cryptographic currencies.” Should President Trump succeed in replacing Powell with a more accommodating successor—one prepared to deliver the “three‑percentage‑point” rate cut he has publicly demanded—the Federal Reserve would likely be forced to shelve its balance‑sheet runoff precisely as Washington ramps up fresh fiscal stimulus. That synchronous pivot away from quantitative tightening would flip the liquidity regime from drain to deluge, recreating the macro backdrop that powered the crypto market’s 2020‑21 vertical ascent and positioning it for the next major bull run. At press time, the total crypto market cap stood at $3.68 trillion. Featured image created with DALL.E, chart from TradingView.com
The GENIUS Act revives with Trump's support and affects the cryptocurrency ecosystem. Market sees rapid Bitcoin price fluctuations due to anticipated legal clarity. Continue Reading: Trump Boosts Cryptocurrency Legislation with Renewed Support The post Trump Boosts Cryptocurrency Legislation with Renewed Support appeared first on COINTURK NEWS .
BigONE exchange has suffered a significant security breach, resulting in the theft of over $27 million in cryptocurrency, swiftly converted into major tokens like Bitcoin, Ethereum, TRON, and Solana. The
“Institutional capital can no longer ignore the returns that Bitcoin is providing,” reported the Kobeissi Letter on Tuesday. The cryptocurrency cannot be ignored because it has yielded a 90% compound annual growth rate (CAGR) over the past 13 years, which no other asset can match. Even “conservative” funds are allocating 1% of their assets under management to Bitcoin as treasury trend momentum builds, they observed. Massive Institutional Inflows Currently, there is an estimated $31 trillion in institutional AUM in the United States, Kobeissi stated. “If just 1% of US institutional capital flows into Bitcoin, this could drive another $300 billion into the asset,” they said. A further $300 billion added to Bitcoin’s $2.34 trillion market capitalization would drive prices up around 13% which would put the asset at $133,000. This figure has been widely predicted by analysts as a short-term target. “Factor in global institutional AUM, and we could see $1 trillion+ flow into Bitcoin,” they said. Another $1 trillion added to the BTC market cap would drive prices up by 70%, which would put it closer to $200,000. “Bitcoin has simply become too big to ignore.” Bitcoin’s next catalyst has arrived: Simply put, institutional capital can no longer ignore the returns that Bitcoin is providing. When an asset provides a return of 90% in one year, it can be ruled an “outlier.” However, when an asset provides a 90% CAGR for 13 years… — The Kobeissi Letter (@KobeissiLetter) July 15, 2025 All this is hypothetically achievable without any retail participation in markets. Institutions are already driving the current market rally. BlackRock , for example, has hoovered up a whopping 717,388 BTC, or 3.6% of the entire circulating supply. Meanwhile, Strategy has accumulated 601,550 BTC, 3% of the circulating supply. These two entities alone hold a whopping 6.6% of the entire Bitcoin supply, currently valued at $155 billion. As more institutional Bitcoin funds are launched, and more corporations and nation states stack the asset for their treasuries, the price can only go one way in the long term. BTC Price Outlook Bitcoin is still cooling from its July 14 all-time high and remains down 4.3% from that level. The asset was trading flat on the day at $117,850 at the time of writing, holding around support levels. It is possible that consolidation could continue for some time before the next leg up into the $130,000 range. The retreat has been caused by long-term holders taking profit , not institutions liquidating their stashes. Glassnode reported that this week saw “one of the largest BTC profit realization days this year, driven mostly by long-term holders.” The post How Bitcoin Could Hit $200K on Global Institutional Inflows Alone appeared first on CryptoPotato .
Billionaire investor Tim Draper challenges the Bitcoin-only mindset, advocating for broader innovation across the entire crypto ecosystem. With a history of backing diverse digital assets like XRP and Tezos, Draper