Galaxy Digital’s AllUnity (a Mike Novogratz-backed firm) has just secured a BaFin license to roll out EURAU – the first euro-backed stablecoin to meet MiCAR’s full regulatory standard. And let’s be honest: it’s about time the EU took the wheel on this one. While the U.S. is still figuring out how to regulate the concept of a dollar on-chain, Europe’s laying down the pipes for a 24/7, real-time, fully collateralized settlement layer. What’s the play here? Simple. The MiCA regulation gives EURAU instant legitimacy, and AllUnity’s institutional clout means it’s gunning for enterprise adoption from day one. If this lands, it could open the door to a $6.8T stablecoin-driven liquidity play, the kind Arthur Hayes has been forecasting for years. And in that world? Wallet tokens like $BEST , designed to thrive on stable, regulated rails, become the gateway key. EURAU: Europe’s MiCAR Moment AllUnity – the fintech venture backed by Galaxy Digital, DWS, and Flow Traders – has officially secured an EMI license from BaFin , paving the way for its fully regulated euro stablecoin, EURAU. It’s the first of its kind under the EU’s new MiCA regime , and it’s not some theoretical pilot. This thing is built for scale: targeting fintechs, banks, and government treasuries that need fast, compliant euro rails across borders and time zones. Unlike the loosely defined stablecoins floating around on-chain today, EURAU will be 100% collateralized, auditable, and backed 1:1 in EU-regulated banks, with routine transparency baked in. That’s the MiCAR standard , and it’s light-years ahead of anything the U.S. has on the books. While U.S. senators are still pushing paperwork, Europe is turning stablecoins into infrastructure. Hayes: Stablecoins Could Unlock $6.8T in Treasury Demand Arthur Hayes, ex-BitMEX CEO and crypto macro whisperer, isn’t bullish on stablecoins because they’re innovative. He’s bullish because they’re useful to the U.S. government. According to Hayes, stablecoins issued by Too Big To Fail (TBTF) banks could unlock $6.8T in dormant deposits and funnel that cash straight into T-bills. Forget quantitative easing. This is stealth monetization wrapped in blockchain drag. Why does that matter for EURAU? If it catches on, Europe could replicate the same model using MiCA-regulated stablecoins to fund deficits without triggering a rate spike. Hayes puts it bluntly by claiming this is how the ECB might eventually fund deficits, without a printer. Let’s be clear… AllUnity isn’t some rogue DeFi outfit. With backing from Galaxy Digital, DWS, and Flow Traders, this is a fully institutional play, tailored for regulators and built to fit neatly inside the MiCAR framework. And that’s exactly the point. EURAU isn’t just a Euro stablecoin, it’s infrastructure. If it works, it gives governments a way to borrow on-chain, quietly and efficiently, without printing money or spooking the bond market. Why Wallet Infrastructure Matters Now Wallets are the front door to everything in crypto. Whether you’re holding $BTC, swapping tokens, or receiving airdrops, it all starts with your wallet. And as stablecoins like EURAU gain regulatory momentum, the importance of secure, user-friendly wallets only grows. Legacy players like MetaMask and Ledger helped define the space, but newer contenders are reimagining what a wallet can do, especially in a regulated environment. That’s where Best Wallet and the $BEST token come in. Spotlight on Best Wallet Token: What Makes $BEST a Play in This Landscape Best Wallet Token ($BEST) is a front-row ticket to the regulated Web3 stack. Built around Best Wallet’s secure Fireblocks MPC architecture, $BEST gives holders more than just storage. Whether you’re yield farming, swapping, or jumping into presales, Best Wallet makes crypto simple and secure – no private key worries, no hacking vulnerability. By holding this utility token, you also get access to new meme coins on presale , in-app staking rewards, and a seamless way to actually use stablecoins across dApps. The presale has already pulled in $13.6M, with stage one selling out in just six hours. The token is currently priced at $0.025275, and staking rewards are maxed at 100%, showing strong conviction from early holders who aren’t just buying, they’re locking in. Buying the Best Wallet token now means you’ll be fueling the project’s ongoing development, which includes further additions to simplify crypto onboarding in Europe and worldwide. One of these is a crypto debit card, meant to enable crypto use for retail purchases. Currently, the wallet is in phase two of its roadmap. It’s already a true multi-chain wallet, supporting Ethereum, Bitcoin, BNB Smart Chain, and Polygon, with Solana, Base, TON, and 60+ more on the way. You can also use it to swap assets across 90+ blockchains via 330 DEXs and 30 bridges, all with low fees and top rates. It’s everything the best crypto wallets promised, finally delivered (and with more features to come soon). As such, Best Wallet is positioning itself as the go-to wallet for the next wave of stablecoin adoption. Curious where the coin could go next? Check out our full Best Wallet Token price prediction to see why $BEST could hit $0.072 in 2025. Final Thoughts: Regulated Stablecoins + Smart Wallets = Crypto’s Next Chapter EURAU signals that Europe is serious about leading the charge on regulated stablecoins. While the U.S. keeps bickering, the EU is building. And if stablecoins really do become the plumbing for modern finance, the wallets that connect users to that system will be just as important. Best Wallet Token ($BEST) is a forward-looking play on that evolution. It’s not a presale with empty promises. It’s raising millions, giving holders actual utility, and is positioned to secure a large chunk of the crypto wallet market by 2026. With MiCAR lighting the way and Best Wallet gaining traction, we might finally be entering crypto’s post-shitcoin phase, where utility and compliance lead, not hype. As always, this isn’t financial advice. Just the facts as we see them. Do Your Own Research (DYOR) before jumping in. Crypto moves fast, and every investment comes with risk.
Bitcoin is showing signs of strength heading into July, with low volatility, steady demand, and historical trends suggesting the price could soon make a sharp move higher. A July 4 report from Matrixport suggests that if seasonal trends continue and capital flows stay consistent, Bitcoin ( BTC ) could reach $120,000 this month. According to the report, realized price swings have now reached multi-year lows, indicating a significant decline in volatility. The market may be maturing as the one-week implied volatility is in the 30s, which is calm by Bitcoin’s standards. Institutions are taking notice of this decreased volatility. When price movements are predictable, many large investors who were previously cautious due to risk controls are more likely to participate. Since April, almost $14 billion has poured into Bitcoin exchange-traded funds, which is about $4 billion more than the price action alone would imply. Matrixport analysts say this suggests strong long-term demand rather than short-term trading. You might also like: $1B in Bitcoin moves from Satoshi-era wallet after 14 years of inactivity However, not everything is working in Bitcoin’s favor. Crypto market inflows are generally slowing down. Inflows are expected to be around $291 billion in 2025 at the current rate, which is significantly less than the $377 billion in 2024. With a multiplier effect of 2x to 2.5x for every dollar invested, it now takes more capital to push prices much higher than in past cycles. Wall Street is involved as well. Equities are still a common way for institutions to get exposure to the cryptocurrency market, and more than $100 billion in IPOs related to the cryptocurrency space are anticipated . With this kind of activity, Wall Street has a clear incentive to maintain the momentum, and may boost the market during slow periods. July has historically been a profitable month for Bitcoin. With an average return of roughly 9%, it has closed positive in seven of the previous ten years. In the upcoming weeks, Bitcoin may test the $116,000–$120,000 range if that pattern holds true, especially with improved sentiment in equity markets and a more supportive Fed backdrop. But to break through that ceiling, a fresh surge of inflows might be required. Without fresh capital, particularly from retail or new institutions, the rally could fade into another round of sideways trading. Read more: Bitcoin options worth $3B to expire on July 4 — will BTC retrace?
According to recent data from SolanaFloor, the USDC Treasury on the Solana blockchain issued approximately 5.5 billion USDC during the second quarter. This substantial minting activity highlights the growing adoption
Bitcoin’s recent price rally has stalled at the critical $110,000 resistance level following stronger-than-expected US employment data, signaling potential volatility ahead. Technical indicators and historical price patterns suggest a possible
The United States House of Representatives has announced that the period beginning July 14 will mark “Crypto Week.” During this time, lawmakers plan to review three digital asset bills: the CLARITY Act, the Anti-CBDC Act, and the GENIUS Act. The Proposed Legislation House Financial Services Committee Chair French Hill, House Agriculture Committee Chair Glenn Thompson, and Speaker Mike Johnson said in a July 3 statement that the initiative is part of efforts to make the U.S. the crypto capital of the world. “We are taking historic steps to ensure the United States remains the world’s leader in innovation and I look forward to ‘Crypto Week’ in the House,” said Chairman Hill. He added that after years of work in Congress on digital assets, they were now making progress on landmark legislation aimed at creating a clear regulatory framework. “House Republicans are taking decisive steps to deliver the full scope of President Trump’s digital assets and cryptocurrency agenda,” stated Johnson. Hill explained that the proposed laws are meant to protect consumers and investors. This will be achieved by setting rules for issuing and managing dollar-backed stablecoins and permanently preventing the creation of a Central Bank Digital Currency (CBDC). In April, the CBDC Anti-Surveillance State Act passed through the U.S. House Financial Services Committee with a 27 to 22 vote. The bill seeks to prevent the Federal Reserve from issuing or testing a digital fiat currency, citing privacy concerns and fears of government overreach. In June, the CLARITY Act was approved by the House Financial Services and the Agriculture Committees. “I am pleased the House will consider the CLARITY Act, among other digital asset-related bills, this month…Time and again, we have heard the calls for regulatory clarity and certainty in this ecosystem,” said Chairman Thompson. It introduces a dual regulatory framework that assigns oversight responsibilities to either the U.S. Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC). It also requires crypto firms to disclose financial information to retail investors and to keep customer funds separate from company assets. Democratic Opposition The Senate also passed the GENIUS Act last month, and it now awaits a vote by Congress. The House appears to be prioritizing it over its own STABLE Act. One of the main differences between the two is how stablecoin issuers would be supervised, with the former calling for state-level supervision while the latter would allow for federal oversight. Meanwhile, Democratic lawmakers have opposed the GENIUS Act and the broader crypto market structure bill. This is due to concerns over President Trump’s personal and financial ties to the crypto industry. Senator Adam Schiff has also called for changes that would bar elected officials and their families from profiting from crypto assets. The post US Lawmakers Plan ‘Crypto Week’ for July 14 to Tackle Major Bills appeared first on CryptoPotato .
The post SIFMA Urges SEC To Establish Clarity on Crypto Regulatory Approach appeared first on Coinpedia Fintech News SIFMA (Securities Industry and Financial Markets Association), a US trade association for securities firms, banks, and asset management companies, called on the Securities and Exchange Commission (SEC) to establish clear rules for crypto. On Thursday, the platform met with SEC officials to discuss digital asset issuance, commodities, and tokenized securities. Need for Consistent and Progressive Crypto Rules According to the memo , SIFMA urged the SEC to establish consistent and progressive rules for crypto and a clear regulatory approach for platforms involved in digital assets. SIFMA also encouraged the SEC to establish innovative approaches that match the current technological advancements. It also suggested that the SEC take a ‘holistic approach’ to incorporate— technological updates, classification of securities and digital commodities, open development of digital securities with transparency, and provision of cross-border applicability in the crypto landscape. Key Highlights of SIFMA’s Meeting with the SEC The initiative aims to integrate traditional finance (TradFi) with the crypto space, with major crypto assets like Bitcoin (BTC) and Ethereum (ETH). SIFMA also seeks to promote regulatory clarity with consistent and progressive crypto rules to foster innovation and facilitate merging TradFi into the crypto market in the US. The effort also aims to establish a unified regulatory approach for issuance, custody, and trading of crypto assets. SIFMA also highlighted that the SEC should ensure the functions of— exchange and broker-dealer, trading and custody, promoting competition and compatibility of service providers— in digital commodities, and tokenized securities. [post_titles_links postid=”478482″] Promoting the Adoption of Digital Assets SIFMA, holder of nearly 90% of the US financial market share, noted the growing demand of TradFi players to adopt digital assets into their products and services. So, it proceeded to establish legal clarity on the regulatory approach for cryptocurrency. SEC Chairman Paul Atkins emphasized the necessity of establishing clear rules in crypto, he said– “To establish clear rules of the road for the issuance, custody, and trading of crypto assets, aiming to protect investors while encouraging responsible innovation.” Final Thought SIFMA continues to develop and encourage the regulatory framework for digital assets in the US. This move comes at a time when the nation is already at its peak of embracing digital assets by implementing a series of new laws. Despite the regulations, the approach lacks legal clarity, which will probably be resolved with with SIFMA proposal. [article_inside_subscriber_shortcode title=”Never Miss a Beat in the Crypto World!” description=”Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.” category_name=”News” category_id=”6″] FAQs What is SIFMA, and why is it urging the SEC to create clear crypto rules? SIFMA (Securities Industry and Financial Markets Association) is a major US trade association representing securities firms, banks, and asset management companies, holding nearly 90% of the US financial market share. It’s urging the SEC to create clear crypto rules to integrate traditional finance (TradFi) with crypto, foster innovation, protect investors, and meet growing institutional demand for digital assets. What key issues did SIFMA discuss with SEC officials regarding crypto? SIFMA met with SEC officials to discuss crucial aspects of digital asset regulation, including consistent and progressive crypto rules, digital asset issuance, commodities classification, and tokenized securities. They also highlighted the need for a unified regulatory approach for custody, trading, and promoting competition among service providers.
Bitcoin price rally stalls at $110,000 after strong US employment data, with big overhead resistance at $112,000 in place and several key support levels below.
Changpeng Zhao explains real reason why Binance is yet to release its monthly proof of reserves
Meta Platforms has quietly assembled a powerhouse of Chinese AI researchers to staff its newly announced Meta Superintelligence Labs (MSL). According to reviewed memo, CEO Mark Zuckerberg tasked this unit with crafting the next wave of large-scale models, promising “personal superintelligence” that anyone could tap into. The move has sparked pride back in China, as many tech watchers note the country’s outsized role in global AI research. Meta’s AI unit is spearheaded by Chinese talents Seven of the 11 publicly listed hires at the lab, not including former Scale AI CEO Alexandr Wang and former GitHub CEO Nat Friedman, who were tapped to lead the unit, are from China: Bi Shuchao, Chang Huiwen, Lin Ji, Ren Hongyu, Sun Pei, Yu Jiahui and Zhao Shengjia. According to Chinese local media , these Zuckerberg recruits graduated from some prestigious Chinese universities, including the University of Science and Technology of China, before furthering their studies and careers in the US. Of the new hires at Meta, four of them are reportedly from Beijing’s Tsinghua University, which some call the equivalent of the Massachusetts Institute of Technology (MIT). The influx of Chinese talent into Meta’s new AI unit has sparked widespread discussion in the country’s tech industry, which highlighted the high concentration of mainland talent working in AI globally. That development was pointed out in May by Nvidia CEO Jensen Huang, who said at the Hill & Valley Forum in Washington that “50 per cent of the world’s AI researchers are Chinese, which should play into how we think about the game.” Meta ignites tensions with rivals in the sector According to the SCMP, Meta’s strategy has also heightened tensions within the sector among peers. In a recent podcast, OpenAI CEO Sam Altman revealed that Meta was offering signing bonuses as much $100 million to attract potential recruits from the startup . Altman also reportedly criticized the social media network firm in a memo to OpenAI staff. “There will always be some mercenaries,” he reportedly wrote, adding that “missionaries will beat mercenaries.” According to reports, Altman also hinted at re-evaluating the company’s compensation. Among the team that Meta hired, Chang Huiwen is a graduate of Tsinghua University’s elite Yao Class. Chang earned her PhD at Princeton, focusing on image processing. After internships at Adobe and Facebook, she snagged a Microsoft fellowship in 2016. Chang later joined Google in 2019 before moving to OpenAI in mid‑2023, where she co-developed the advanced image generation features in GPT‑4o. Another recruit is Lin Ji, who completed his bachelor’s at Tsinghua in 2018 and wrapped up a PhD at MIT by 2023. His résumé boasts internships at Google, Adobe and Nvidia. He joined OpenAI late last year, diving into multimodal reasoning and synthetic data generation. There is also Sun Pei, who earned a Master’s from Carnegie Mellon after graduating Tsinghua, then started at Google in 2011. He briefly returned to China with Alluxio before joining Waymo in 2017. At DeepMind, he became a principal researcher, helping shape the Gemini AI suite’s reasoning and post‑training pipelines. According to SCMP, another recruit is Zhao Shengjia, who after a Tsinghua bachelor’s in 2016 and a Stanford PhD in 2022, went straight to OpenAI. He led the synthetic data team and was instrumental in building ChatGPT, the core GPT‑4 model and related mini‑models. Adding to the list is Bi Shuchao, who studied mathematics at Zhejiang University and earned advanced degrees at UC Berkeley. Launching his career at Google in 2013, he optimized Ads with deep learning and co‑founded YouTube Shorts. In May 2024, he joined OpenAI to head multimodal post‑training, contributing to GPT‑4o’s voice mode and the o4‑mini models. Also confirming Altman’s assertion is Ren Hongyu – a 2018 Peking University grad, Ren took his PhD at Stanford, interning at Microsoft, Nvidia, Google and Apple along the way. He moved to OpenAI after graduation, leading a team on post‑training efforts for the company’s flagship models. Then Yu Jiahui, who was from the Special Class for Gifted Young at the University of Science and Technology of China. He completed his PhD at UIUC and his eclectic career includes roles at Microsoft, Megvii, Adobe, Snap, Baidu, Nvidia and Google’s DeepMind, before joining OpenAI in October 2023 to oversee perception development. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Amber International announced the completion of a $25.5 million private placement backed by major investors. The funds will go to supporting the firm’s $100 million crypto reserve target. On July 3, the Singaporean -based firm has managed to reach more than a quarter of its initial goal to establish a diversified crypto reserve fund worth $100 million. The private placement was valued at $10.45 per share, deducted from a 5% discount to the company’s three-day volume weighted average trading price. According to the filing document , the capital raised from the private placement will be used to boost its crypto reserve strategy. The company aims to raise as much as $100 million to establish a crypto treasury filled with major tokens including Bitcoin ( BTC ), Ethereum ( ETH ) and Solana ( SOL ). Through the notice, Amber International also announced its plans to explore potentially adopting other alternative tokens such as Binance Coin ( BNB ), Ripple ( XRP ) and Sui ( SUI ) overtime. Price chart for Amber International’s stock, July 4, 2025 | Source: Yahoo Finance You might also like: Fragbite Group stock shoots up 64% following plans to establish a Bitcoin treasury As per the announcement, Amber International issued more than 12 million Class A ordinary shares which is equal to approximately 2.44 million American Depositary Share on the Nasdaq stock exchange. The private placement garnered support from a number of institutional players, including CMAG Funds, Mile Green, Pantera Capital , Choco Up, Kingkey Financial International among others. More often than not, when a company publishes a notice about raised capital that will go towards supporting its crypto reserves, the company stock experiences a surge. The same can be said about Amber International. At press time, Amber International’s stock managed to see modest gains of 0.12%, rising from its previous closed market price at $8.60. Earlier today, the stock experienced a sharp spike, bounding up to as high as $9.56. However the peak was short lived as it took a nosedive down to $8.40. Most recently, Spain’s Vanadi Coffee and Swedish gaming firm Fragbite Group enjoyed highs in its stock price after announcing that its shareholders have decided to add crypto to the company balance sheets. In recent months, there have been an increasing number of companies worldwide adopting crypto reserve strategies, many of them citing Michael Saylor’s Strategy as inspiration. While others have called it an attempt to hedge inflation or as a starting point in their venture into the web3 business. You might also like: Bo Hines predicts U.S crypto industry will skyrocket to $20t in value after stablecoin bill passes