Bitcoin could dip to $90,000 before climbing to new highs, according to BitMEX co-founder Arthur Hayes, who sees a brief correction ahead of a fresh rally powered by US bank-issued stablecoins. In a Thursday blog post , Hayes outlined a scenario where central bank policy and Wall Street incentives converge to push trillions of dollars into digital assets. Arthur Hayes argues that the market has not yet priced in the transformative impact of fully regulated, dollar-backed stablecoins issued by too-big-to-fail banks like JPMorgan. These coins, he suggests, will not just rival existing players such as Tether or Circle’s USDC, but will become critical tools for absorbing bank reserves and retail deposits now stranded in low-yield accounts. "Quid Pro Stablecoin" is a discussion on how US banks adopting stablecoins can provide $6.8 trillion of buying power for The BBC's shitty treasuries. https://t.co/QHqgZAPv0J pic.twitter.com/pcejYZ8Urx — Arthur Hayes (@CryptoHayes) July 3, 2025 Stablecoins Could Fuel Next Rally, But Hayes Warns of Short-Term Dip Hayes argues that the launch of such stablecoins would effectively function as a new form of liquidity injection, similar in impact to quantitative easing, without requiring formal Fed action. By enabling banks to funnel retail money into short-term Treasury bills without triggering capital rule penalties, these tokens would unlock a new wave of liquidity for risk assets like Bitcoin and tech stocks. But before that happens, Hayes sees a period of volatility. Citing historical cycles and market sentiment, he predicts that Bitcoin may fall to $90,000 as speculators take profits and traders wait for clearer signals from the Federal Reserve. Still, he remains bullish over the longer term, noting that once Wall Street moves in with tokenized dollars, capital flows will accelerate. With GENIUS Act Passed, Hayes Sees Stablecoins Giving Banks a Market Edge The forecast comes as stablecoins return to the spotlight, with US lawmakers advancing bipartisan proposals that could give federal approval to banks issuing tokenized dollars. Last month, the US Senate passed the long-anticipated GENIUS Act with broad bipartisan backing, marking the most comprehensive crypto legislation to date. Approved by a 68–30 vote, it represents the Senate’s first move toward a dedicated regulatory framework for stablecoins, one of the fastest-growing segments in the digital asset space. Hayes believes that this regulatory direction hands legacy banks a strategic edge. Not only do they already have massive retail networks and regulatory compliance structures, they also have direct access to the Federal Reserve. This makes it easier for them to profit from turning deposits into short-term Treasuries through stablecoin issuance. He estimates that if banks shift even part of their $17t in deposits into stablecoin products, it could create $6.8t in new demand for US government debt. Combined with changes in how the Fed pays interest on reserves, that shift could flood markets with fresh liquidity, fuelling asset inflation across crypto and equities alike. Until then, Hayes sees the coming dip as a buying opportunity. He believes that once USD-backed stablecoins from major banks enter the market, they will unlock a wave of liquidity that could send Bitcoin and other risk assets sharply higher. In his view, the arrival of these tokens will mark the start of a new phase in the market cycle. The post Arthur Hayes Predicts Bitcoin Pullback to $90K Before Fed-Backed Stablecoins Trigger Next Rally appeared first on Cryptonews .
The post John Deaton Says Ripple, Coinbase Will Replace Big Banks appeared first on Coinpedia Fintech News More and more young people are moving away from traditional banks and looking toward crypto platforms for better financial opportunities. They’re drawn to things like higher returns, tokenized stocks, and access to Web3 tools that offer more control and flexibility. Paul Barron recently shared that big banks like Wells Fargo and Bank of America are now feeling the heat. He pointed out that 89% of Gen Z and Millennials say they’re ready to leave their banks for crypto and DeFi platforms. This major shift shows how quickly the next generation is embracing new tech and pushing for a more open financial system. . @coinbase . @krakenfx , @Ripple , @RobinhoodApp etc are the banks of the not-so-distant future. I predict Coinbase, Kraken & Robinhood will become One-Stop shops for all types of loans, including mortgages, construction loans, consolidation loans, car loans, and even facilitate… https://t.co/Db8CGDfhco — John E Deaton (@JohnEDeaton1) July 3, 2025 In the same context, John E Deaton believes that companies like Coinbase, Kraken, Ripple, and Robinhood will soon take over the role of traditional banks. He believes people will be able to get car loans, home loans, and even borrow money from each other using these platforms. He sees them becoming full financial centers soon. Ripple and Uphold Deal Could Financial Game Deaton also pointed out the speculation that Ripple might buy Uphold. If that happens, he believes Uphold will also become a major player in this new financial system. Ripple, already a leader in digital payments, could get a major boost with this deal, allowing it to serve more users and offer more financial tools. Why Traditional Banks Are Falling Behind According to Deaton, banks that don’t innovate or adopt modern technology will not survive. With the rise of DeFi (Decentralized Finance), people now expect faster services and better access to their money. They also want the chance to earn higher returns and gain more control over their finances. Deaton says this is why many younger people are already turning away from big banks in favor of crypto platforms. Coinbase and Robinhood Are the Future Deaton says Coinbase and Robinhood are no longer just apps for trading. He sees them becoming strong financial companies. More people are using these platforms every day, and he believes they will only get bigger as crypto grows. Recently, Cathie Wood said Bitcoin holders may soon use Coinbase to get mortgages by using their crypto as collateral. John Deaton agrees with Cathie Wood, calling Coinbase a top stock to own, just like big names such as Goldman Sachs and JPMorgan. Referring to these changes, he said Coinbase isn’t just a crypto app anymore, as it’s becoming a major player in traditional finance. The COIN stock surged, nearly 100% in two months, which shows that more people are buying into this story. He also says the change is already happening. The world of money is shifting. People who act early could see the biggest rewards.
On July 3, a sophisticated fraud incident unfolded involving a Nigerian scammer who impersonated Steve Witkoff, co-chair of the Trump-Vance Inaugural Committee, to illicitly acquire 250,000 USDT from a donor
Ripple Labs is applying for a national banking license as part of efforts to enhance trust in its RLUSD stablecoin. The move comes as other crypto companies also turn to regulation to build credibility. A New Industry Benchmark? Ripple CEO Brad Garlinghouse confirmed on Wednesday via X that the company is applying for a license with the U.S. national bank regulator, the Office of the Comptroller of the Currency (OCC). “True to our long-standing compliance roots, Ripple is applying for a national bank charter from the OCC,” the post read. The executive explained that if approved, the license would place Ripple under both state supervision by the New York Department of Financial Services (NYDFS) and federal oversight. He added that this dual regulatory structure would set a new and unique benchmark for trust in the stablecoin market. Garlinghouse also revealed that Ripple has requested for a Master Account with the Federal Reserve, which would allow the company access to the U.S. central banking system. He said this development would enable Ripple to hold RLUSD reserves directly with the Fed. It also adds an extra layer of security to support long-term trust in the stablecoin. The bid was submitted through Standard Custody, a crypto custody firm acquired by Ripple in February 2024. “Ripple always has and will continue to build trusted, battle-tested and secure infrastructure. In a $250B+ market, RLUSD stands out for putting regulation first, setting the standard that institutions expect,” Garlinghouse said. Circle Applies for National Trust Bank Ripple’s decision came two days after USDC issuer Circle revealed it had submitted an application to the OCC to create a national trust named First National Digital Currency Bank, N.A. The initiative would allow Circle to directly custody the reserves backing USDC instead of only relying on external banking partners. Circle Co-Founder and CEO Jeremy Allaire said the move marks a major step toward creating a transparent, efficient, and accessible internet-based financial system. He added that the company aims to strengthen the infrastructure supporting USDC and align with upcoming U.S. regulations for dollar-pegged stablecoins, which require issuers to keep full dollar reserves and share monthly reports. These developments come as federal legislation known as the GENIUS Act advances. The bill recently passed the Senate but must still advance in the Republican-controlled House before becoming law. The post Major XRP Announcement: Ripple Seeks US Banking License to Boost RLUSD Trust appeared first on CryptoPotato .
Chief executives from Airbus, BNP Paribas and other leading European firms have asked Brussels to put its new artificial intelligence law on hold, saying it could undermine the bloc’s ability to keep pace with the United States and China. According to Financial Times , CEOs of major companies asked the EU’s Ursula von der Leyen to delay the AI Act for two years. They warned that overlapping, unclear rules could discourage investment and slow down AI development across Europe. The letter argued that the European complex rulebook “puts Europe’s AI ambitions at risk, as it jeopardizes not only the development of European champions, but also the ability of all industries to deploy AI at the scale required by global competition.” Among those who added their signatures were the chief executives of Carrefour, a French retailer and Dutch health‐tech group Philips. The US government, big tech firms, and European business groups have all stepped up pressure on the law. This week, Brussels hosted senior representatives from major US technology firms on Wednesday, July 2, to review a revised, softer draft of the legislation. Central to the discussions is a “code of practice” designed to guide firms on ways of complying with the Act when deploying AI models including Llama from Meta, OpenAI’s GPT-4, and Meta’s Llama. Originally scheduled for publication in May, the code has been postponed and is expected in watered-down form. EU technology commissioner Henna Virkkunen said on Monday that the guidance would appear before the Act formally takes effect in August. “We will publish the code of practice before that to support our industry and SMEs to comply with our AI Act,” she said. Behind closed doors, officials at the EU Commission and in member states have discussed ways to simplify the law’s staggered timeline. Although the AI Act came into full affect in August 2024, several key measures do not kick in until later this year or beyond. Patrick Van Eecke, co-chair of law firm Cooley’s global cyber, data and privacy practice, called it “a classic example of regulitis that doesn’t take into account the most important thing for industry, which is legal certainty.” EU AI Champions urge commitment to simpler, competitive rules The letter was organized by the European AI Champions Initiative, a coalition of 110 companies across various sectors. It said a two-year pause would send “innovators and investors around the world a strong signal that Europe is serious about its simplification and competitiveness agenda.” Start-up founders and their investors have voiced similar concerns. In a separate letter this week, over 30 start-ups chiefs in the EU warned that the legislation was “a rushed ticking time bomb.” They fear that unclear rules on general-purpose models could lead to a patchwork of national regulations, giving well-funded US tech giants an edge over smaller local firms. Many established businesses share the worry that any company using LLMs in its own systems would face the same regulations as the biggest tech groups, especially in sensitive areas including liability of copyrights. Some say the lack of clarity on how member states will apply the rules may deter firms from rolling out AI tools, causing them losses against rivals in North America and Asia. The EU Commission stressed that it remains “fully committed to the main goals of the AI Act, which include establishing harmonized risk-based rules across the EU and ensuring the safety of AI systems on the European market.” It added that it is simplifying its digital rulebook broadly, so that it can consider all options in the current state. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
The post NEIRO and BONK Lead Memecoin Rebound, More Breakouts Ahead? appeared first on Coinpedia Fintech News Renewed community sentiments, whale accumulation patterns, and listing on centralized exchanges have fueled the recent rally in memecoins like BONK and NEIRO. This uptrend aligns with a broader market recovery from consolidation. Notably, both tokens have broken above their respective descending trendlines, signaling the potential beginning of a fresh bullish phase. Intrigued enough for potential price targets? Read this BONK and NEIRO price analysis. BONK Price Analysis BONK has delivered a powerful rally, climbing +22.17% in a single day and over +24.34% over the past week, bringing its price to $0.00001707. Its market cap has surged to $1.37 billion, reflecting a 22.27% increase, while trading volume spiked by a massive +276.38% to $461.7 million, indicating growing trader interest. On the chart, BONK has broken out of a descending channel, signaling a potential trend reversal. The price action also shows a bullish engulfing candle with strong volume confirmation. BONK is currently testing its next key resistance at $0.000021, with the support level now set at $0.0000143. Bollinger Bands are widening after a period of contraction, hinting at further volatility. Meanwhile, the RSI has climbed to 60.36, suggesting bullish momentum without yet reaching overbought territory. If momentum sustains, BONK could test the supply zone around $0.00002397, marked on the chart, before any significant pullback. Keen on stacking some? Read our BONK Price Prediction 2025, 2026-2030 for long-term insights! NEIRO Price Analysis NEIRO has outpaced many tokens in the memecoin space with a +30.87% daily gain and a +32.37% surge over 7 days, lifting its current price to $0.0004951. Backed by a market cap of $208.15 million, NEIRO has also seen explosive growth in trading activity, with volume rising 427.6% to $246.4 million. Technically, NEIRO has decisively broken above a long-standing descending resistance line, completing a bullish breakout from a falling wedge pattern. Which is a classic reversal signal. The RSI at 61.34 confirms bullish momentum with room to run. The immediate resistance lies at $0.000612, a level last tested during its previous peak. If bulls can sustain volume and hold above the breakout zone, NEIRO could retest this level in the short term. Support rests at $0.000381, coinciding with the middle Bollinger Band and previous consolidation range. Given the sharp increase in volume and RSI strength, upside continuation remains likely. For a sneak peek into NEIRO’s future, read our NEIRO Price Prediction 2025, 2026-2030! FAQs Is the BONK rally sustainable? Yes, BONK’s breakout from the downtrend and strong volume spike suggest bullish continuation toward $0.000021–$0.000024. What is NEIRO price today? The price of 1 NEIRO token at the time of press is at $0.0004951 with an intraday gain of 30.87%. How much is 1 BONK token? At the time of press, BONK price is trading at $0.00001707, with a daily surge of 22.17%.
Bitcoin’s price trajectory is increasingly shaped by macroeconomic catalysts, including regulatory developments, monetary policies, and growing institutional interest. The potential approval of Bitcoin ETFs in the U.S. could serve as
The Celsius vs. Tether lawsuit will continue in the U.S. Continue Reading: U.S. Court Ruling Fuels Tether and Celsius Legal Showdown The post U.S. Court Ruling Fuels Tether and Celsius Legal Showdown appeared first on COINTURK NEWS .
The U.S. Securities and Exchange Commission (SEC) has reviewed the approval decision made by NYSE Arca to list the publicly traded shares of Grayscale Digital Large Cap Fund LLC on July 1, 2025. According to the SEC’s decision, the approval of the Grayscale fund has been temporarily suspended. The SEC had approved Grayscale's fund listing pursuant to NYSE Arca's amendment to Rule 8500-E through an expedited approval process under the delegated authority of its Office of Trading and Markets. However, the Commission has decided to reconsider the decision made under this authority in accordance with 17 CFR 201.431. Related News: Company on the Verge of Bankruptcy Reportedly Holds Massive Amount of Ripple Shares - Ripple CEO Brad Garlinghouse Responds Grayscale Digital Large Cap Fund LLC shares were designed to trade on digital assets and were planned to be offered to investors on NYSE Arca. However, according to the SEC’s official notice, this approval process has been paused and the listing will not proceed until the Commission makes a final decision. The Commission Secretariat announced that it will inform NYSE and relevant parties about any new decisions to be made during the review process. The fund in question consisted of approximately 80% Bitcoin (BTC), 11% Ethereum (ETH), and single-digit percentages of Solana (SOL), Cardano (ADA), and XRP. *This is not investment advice. Continue Reading: SEC Had Approved It Yesterday, But Suspended It Today – Affecting Bitcoin, XRP, and 4 Other Altcoins
Ethereum ETFs are poised for substantial growth, with Bitwise projecting inflows to hit $10 billion in the second half of 2025, reflecting growing institutional confidence. June 2025 marked a pivotal