The financial services giant and Tether asset custodian Cantor Fitzgerald is backing a more than $1 billion financing plan for a real-world asset (RWA) project focused on gold. BioSig Technologies (BSGM), which has just merged with Streamex Exchange Corporation, says in a new statement that it will raise $1.1 billion in financing to establish a tokenized commodities project and a gold treasury company. Says BioSig CEO and Streamex co-founder Henry McPhie, “By combining the value of physical gold with the innovation of blockchain, we are building a company grounded in what we believe to be the world’s most trusted store of value while enabling a scalable, high-return business model through tokenization. Our mission is to unlock liquidity, transparency, and accessibility across the $142 trillion commodities market, and this milestone is just the beginning.” The financing includes $100 million in senior secured convertible debentures and $1 billion in an equity line of credit. Cantor Fitzgerald and Clear Street are serving as the co-lead placement agents. BioSig, a medical technology company, completed its merger with Streamex on July 8th. Streamex operates a tokenization platform on the Solana ( SOL ) blockchain. Says co-founder of Streamex and chairman of BioSig, Morgan Lekstrom, “We are committed to demonstrating to the market and our shareholders the full potential of this platform to redefine how real-world assets are accessed, valued and monetized.” According to the statement, BioSig intends to “hold significant quantities of gold bullion” and “fund and issue a variety of gold-related tokens… offering the potential for returns that outperform traditional bullion holdings.” BSGM is trading for $8.39 at time of writing. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Tether Asset Custodian Backs $1,100,000,000 Financing for Gold Bullion-Focused RWA Project appeared first on The Daily Hodl .
US President Donald Trump continues to state that the nation’s central bank keeps the interest rates too high and urged for another cut. Unlike the previous similar occasions, though, he was rather radical this time, claiming that the Federal Reserve needs to slash the rates by at least three points. First, President Trump mentions that higher rates are costing the US more money on interest expense. At a high level, this is true. Annual interest expense on US debt has reached $1.2 TRILLION over the last 12 months. The US is now paying $3.3 BILLION in interest per day. pic.twitter.com/22N9M2PdFX — The Kobeissi Letter (@KobeissiLetter) July 9, 2025 According to the Kobeissi Letter, the US now pays well over $3 billion in interest alone per day. If Trump’s recommendation is followed by the Fed, then, he said, it would save $360 billion per year. However, the analysts at Kobeissi said the only debt that matters is the public one, which is at around $29 billion. Their analysis claims that if the rates on that entire amount are cut by 300 bps, the “US could save $290B x 3 = $870B/year.” “However, refinancing all of this debt immediately would be impossible. Realistically, 20% could be refinanced in year 1 to save ~$174B.” Although these numbers sound promising, there are certain drawbacks to such a potential rate cut, especially when it comes to inflation. It would be three times bigger than the current record seen in March 2020, when the Fed reduced the rates by 100bps. This would come with a US economy that is already growing at +3.8% YoY. As a result, we would expect to see a resurgence in CPI inflation, likely exceeding 5%. And, while it would initially send stocks higher as seen in March 2020, there’s no such thing as “free money.” pic.twitter.com/K5vRmp8Ay8 — The Kobeissi Letter (@KobeissiLetter) July 9, 2025 The Kobeissi Letter further warned that mortgage rates would drop from 7% to 4% into a market that “has already seen prices rise +50% since 2020.” The analysts suggested that prices can surge by another 25%. Nevertheless, such a move should be highly beneficial for riskier assets like bitcoin. The cryptocurrency’s price is up by around 1% in the past day, and since Trump’s recommendation, it now stands close to $110,000. BTCUSD. Source: TradingView The post Bitcoin Price Rises Above $109K as Trump Calls for Biggest Interest Rate Cut in History appeared first on CryptoPotato .
While Bitcoin, Ethereum, XRP and Solana finished the day with slight increases today, the US's renegotiation with some of its foreign trade partners did not affect the crypto market much. However, according to analysts, despite these positive developments, cryptocurrencies are still stuck in a narrow price range. Bitcoin, for example, has traded largely between $107,000 and $110,000 in recent weeks. It’s up only 1.5% in the last 30 days, but it’s still close to its all-time high. Ethereum has been trading sideways at $2,500 for about a month, while Solana has also been stable around $150. The decline in cryptocurrencies following the “retaliatory tariffs” announced by US President Donald Trump in April contrasts with the recent stability. Some investors are struggling to understand why the market remains resilient despite Trump’s latest tariff threats. But analysts say this is not surprising. Experts say investors are less responsive to the US’s three-time postponement of negotiation deadlines and are more inclined to position themselves against macroeconomic uncertainty, allowing crypto assets to remain elevated despite the uncertainty. Related News: The Founder's Past Posts Have Surfaced in a Widely-Discussed Altcoin: Causing a Major Debate Trump sent official letters on Monday to 14 countries, including Japan, South Korea and Thailand, warning them that he would impose aggressive tariffs. The tariffs, ranging from 25% to 40%, are expected to go into effect on August 1. However, a possible delay is also on the agenda. Options analyst Bret Kenwell said investors believe Trump will delay the Aug. 1 tax cuts, which has even become the subject of a memecoin called “Trump Always Chickens Out.” “If there is confidence that negotiations will continue or the deadline will be extended, the market may continue to ignore such headlines,” Kenwell said. He also noted that any pullbacks would be viewed as buying opportunities for investors, which could pull prices back into the current range. Greg Magadini, director of derivatives at Amberdata, said investors have become accustomed to Trump’s volatile trade negotiations and are now more resilient to such macro developments. Magadini also noted that institutional investors have been hedging their exposure to BlackRock’s iShares Bitcoin Trust ETF (IBIT) over the past seven months with options trading. Under this strategy, investors buy into the IBIT ETF, sell call options on it to generate income, and buy protective put options to reduce risk. *This is not investment advice. Continue Reading: Why Are Bitcoin and Altcoins No Longer Responding to Donald Trump’s Tariff Threats? Here Are Expert Opinions
Circle and OKX Partner to Launch Zero-Fee USDC Swaps In a significant advancement for the cryptocurrency space, Circle has partnered with OKX to launch zero-fee swappage between market-leading stablecoin USDC and the US dollar. The initiative is designed to boost liquidity and facilitate easy exchange of USD and USDC for OKX’s international users. Seamless On-and-Off Ramp Experience The partnership is an interruption-free and smooth experience for users wishing to convert US dollars to USDC and USDC to US dollars directly on the OKX platform. This is a crypto game-changer, as Circle’s Chief Business Officer Kash Razzaghi attests. “It’s a transparent and interruption-free on-and-off-ramping process which removes the friction one would anticipate from such trades,” Razzaghi explained. Removing Friction in Stablecoin Swaps Usage of stablecoins has grown exponentially, yet several challenges remain, such as transaction fees and intermediation between exchanges and banks. OKX Chief Innovation Officer Jason Lau pointed out that these would be alleviated with the new partnership. “Previously, there was always some resistance when exchanging between stablecoins and USD,” Lau explained, citing typical hurdles such as orderbook depth and trading fees. The users will now see smooth 1:1 USD-to-USDC swaps, making the process more convenient. OKX’s Comprehensive Banking Partnerships OKX’s success in offering free conversions is also thanks to its established banking relationships. The exchange enjoys collaborations with global banks such as Standard Chartered, DBS, and Bank Frick, as well as payments giants such as Apple Pay and PayPal. Thanks to these collaborations, OKX can now provide increased liquidity for USDC and allow users to trade, send, and hold the stablecoin effortlessly. A New Era for USDC Liquidity With over 60 million users across the globe, OKX is boosting liquidity of USDC on 12 networks including Ethereum, Solana, and Polygon. This action forms the core of OKX’s vision of delivering class-leading services to its retail and institutional customers. However, OKX is not resting on its USDC laurels. The platform also serves the liquidity needs of rival stablecoins, such as Tether’s USDT, and is developing further partnerships with Tether in an effort to diversify its portfolio.
Blockchain security firm PeckShield says that bad actors stole tens of millions of dollars from the decentralized perpetuals exchange GMX (GMX). Posting on the social media platform X, PeckShield says that a hacker has exploited the crypto exchange to the tune of $42 million, sending $9 million of the stolen funds to the Ethereum ( ETH ) network from Arbitrum ( ARB ). “GMX has been exploited for ~$42 million. The exploiter has bridged ~$9.6 million worth of cryptos to Ethereum.” GMX confirmed the hack on its own X account, saying that its Arbitrum-based liquidity pool was drained of $40 million, which was immediately sent to an unknown wallet. “The GLP pool of GMX V1 on Arbitrum has experienced an exploit. Approximately $40 million in tokens has been transferred from the GLP pool to an unknown wallet… Trading on GMX V1, and the minting and redeeming of GLP, have been disabled on both Arbitrum and Avalanche to prevent any further attack vectors and protect users from additional negative impacts.” GMX says that the matter is still under investigation but that the hack’s impact was limited to GMX V1. GMX V2, its markets and liquidity pools, as well as the GMX token itself, are reportedly uncompromised. The price of GMX dipped from its weekly high of $14.44 earlier today down to $10.77 at time of writing, a decrease of over 22% during the last 24 hours. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/pedrosek The post Crypto Hackers Drain $42,000,000 From Decentralized Perps Exchange GMX, Sends Funds to Unknown Wallet: Report appeared first on The Daily Hodl .
Today, President Donald Trump has once again criticized Federal Reserve Chairman Jerome Powell, saying that he had kept interest rates too high. According to POTUS, the Fed rate is at least 3 points high. Trump wrote on his Truth social website that, “Too Late” is costing the US $360 billion a point, per year, in refinancing costs. According to him, “No Inflation, companies pouring into America. “The hottest country in the world!” Lower the rate!” Trump says that the Fed could save Americans about $800 billion by quickly lowering its overnight funds rate, which is 4.33%. However, Powell has not shown any signs of surrender. Still, the Polymarket is betting at 95% that even this month, the Fed will ignore him. JUST IN: Trump demands the Fed reduce interest rates by "AT LEAST 3 Points" 95% chance the Fed ignores him this month. pic.twitter.com/sAK1LLiUA2 — Polymarket (@Polymarket) July 9, 2025 This is not new. Trump has been on Powell’s neck pretty much ever since the tariff war began. He has been yelling at Powell and the other Federal Open Market Committee members to lower interest rates so that the government can pay for its growing debt load more cheaply. Trump’s options to lower rates If Powell continues to steady the rates, the only option is to wait for him to step down. However, Powell’s term ends in early 2026. Trump will be able to replace him, but it will be a long wait for him – the other option is to try to fire Powell sooner. Last week, Trump made the call for Powell to “resign immediately. This was after his administration’s top housing regulator urged the US Congress to investigate the central banker. Bill Pulte, the director of the Federal Housing Finance Agency, said that Powell should be investigated for his “political bias” and “deceptive testimony” about renovations at the Federal Reserve headquarters in Washington, DC. Under US federal law, the US president can only fire the Fed chair “for cause. A provision widely interpreted to mean specific misconduct, not policy decisions. In May, the US Supreme Court reaffirmed precedent limiting the president’s ability to remove the top central banker. The ruling singled out the Federal Reserve as having a distinct status compared with other independent agencies. A new Fed chairman whom Trump can control Trump said he still has two or three choices in mind to succeed Powell without elaborating on who is under consideration. Treasury Secretary Scott Bessent has emerged as a contender for the role. The Wall Street Journal says National Economic Council Director Kevin Hassett is also a strong prospect. The person who wins could be seen as only there to do what Trump wants when it comes to interest rates, which would go against the Fed’s usual nonpartisan image. Trump is allegedly thinking about naming a “shadow chair” until the current chair, Jerome Powell, leaves office next year. This would give him more power in the short term and put pressure on the Fed to cut rates. A strange agreement would be hard to carry out. It could also negatively affect the Federal Reserve and the financial markets that depend on it to make decisions based on facts and without any outside interference. That’s because Donald Trump’s call for lower interest rates could lead to increased volatility in the stock market, particularly affecting financial institutions like Bank of America, JPMorgan Chase & Co., and Goldman Sachs Group, as their profit margins on loans might be squeezed. In addition, financial ETFs such as the Financial Select Sector SPDR Fund, SPDR S&P Regional Banking ETF, and Vanguard Financials ETF could experience fluctuations due to changing investor sentiment on the financial sector’s profitability. Also, lowering rates might boost lending and economic activity if the Fed were to lower rates. However, it could also pressure banks’ net interest margins, impacting their stock performance. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
In the dynamic world of global finance, every shift in a major currency pair sends ripples across markets, impacting everything from international trade to investment strategies. For those deeply entrenched in the cryptocurrency space, understanding these macroeconomic currents is not just an academic exercise; it is crucial for navigating volatility and identifying opportunities. A recent announcement from UBS, a prominent global financial services company, has captured significant attention: they have raised their USD/JPY forecast for the end of the third quarter to 140.00. This upward revision signals a continued expectation of Yen weakness, primarily driven by the persistent dovish stance of the Bank of Japan. What does this mean for the global financial landscape, and how might it influence the broader investment environment, including digital assets? What Does the Latest USD/JPY Forecast Unveil? The updated USD/JPY forecast from UBS is a significant development for currency traders and investors worldwide. Previously, UBS had a lower target for the pair, but the adjustment to 140.00 for Q3 suggests a stronger conviction in the US Dollar’s appreciation against the Japanese Yen. This forecast indicates that the factors contributing to the Yen’s depreciation are expected to persist, if not intensify, in the coming months. Target Revision: UBS’s move to raise the target to 140.00 reflects a reassessment of the economic and monetary policy divergences between the United States and Japan. Implications for Traders: For those trading currency pairs, this forecast provides a potential directional bias, suggesting that long positions on USD/JPY might continue to be favored. Economic Signals: Beyond trading, this forecast also signals underlying economic realities, particularly the stark contrast in inflation and growth outlooks between the two nations. Understanding the nuances of this forecast requires delving into the core reasons behind it, which largely center on the unique approach of the Bank of Japan. How is the Bank of Japan Driving This Trend? The primary catalyst for the Yen’s continued weakness, and consequently the revised USD/JPY forecast , is the steadfastly dovish monetary policy adopted by the Bank of Japan (BoJ). While central banks globally, including the US Federal Reserve and the European Central Bank, have been aggressively hiking interest rates to combat soaring inflation, the BoJ has maintained an ultra-loose stance. This divergence in monetary policy creates a significant interest rate differential, making the Yen less attractive to investors seeking higher yields. Key aspects of the Bank of Japan’s dovishness include: Negative Interest Rates: The BoJ continues to maintain negative short-term interest rates, making it an outlier among major economies. Yield Curve Control (YCC): The BoJ’s commitment to controlling the yield on 10-year Japanese government bonds (JGBs) at around 0% means it must continuously purchase bonds to cap yields, injecting liquidity into the system and keeping rates low. Inflation Outlook: Unlike its counterparts, the BoJ views current inflation as largely temporary and cost-push driven, rather than demand-driven, and thus believes sustained monetary easing is necessary to achieve its 2% inflation target stably. This stark contrast in policy is perhaps best illustrated when compared to other major central banks: Central Bank Monetary Stance Interest Rates Outlook Bank of Japan (BoJ) Dovish Negative / Near Zero Continued easing, focus on sustainable inflation US Federal Reserve (Fed) Hawkish / Neutral Rising Inflation control, potential for further hikes European Central Bank (ECB) Hawkish Rising Combating inflation across the Eurozone This fundamental difference in approach is the bedrock of the Yen weakness we are observing. What Are the Broader Implications of Yen Weakness? The persistent Yen weakness , as underscored by the revised USD/JPY forecast , has far-reaching implications, both domestically for Japan and globally. For Japan, a weaker Yen makes its exports more competitive, which can boost corporate profits for export-oriented companies. However, it also significantly increases the cost of imports, particularly energy and raw materials, which can fuel domestic inflation and reduce purchasing power for Japanese consumers. Globally, a depreciating Yen can lead to: Capital Flows: Investors might continue to pull capital out of Japan in search of higher returns elsewhere, further pressuring the Yen. Trade Dynamics: Other export-oriented nations might face increased competition from Japanese goods, potentially leading to trade imbalances. Carry Trade Resurgence: The low-yielding Yen often serves as a funding currency for carry trades, where investors borrow in Yen and invest in higher-yielding assets abroad. Renewed Yen weakness could encourage these trades, influencing global asset prices. Inflationary Pressures: For countries that import heavily from Japan, the weaker Yen might translate to cheaper goods, potentially helping to ease some inflationary pressures, though this effect is often minor compared to domestic factors. The impact of Yen weakness extends beyond traditional financial markets, influencing the broader economic narrative and investor sentiment, which can indirectly affect the risk appetite for assets like cryptocurrencies. How Are Forex Market Trends Responding to This Divergence? The UBS USD/JPY forecast is not an isolated event but a reflection of significant shifts in broader Forex market trends . The divergence in monetary policies among major central banks is the dominant theme shaping currency valuations. As the Bank of Japan maintains its easing stance, while others tighten, the carry trade becomes increasingly attractive, driving capital away from the Yen and into currencies offering higher yields. Key observations in current Forex market trends include: Dollar Strength: The US Dollar has largely remained strong against a basket of currencies, supported by the Federal Reserve’s aggressive rate hikes aimed at taming inflation. This strength is a key component of the USD/JPY rise. Euro and Pound Volatility: The Euro and British Pound have experienced their own bouts of volatility, influenced by regional inflation concerns, energy crises, and central bank actions. Emerging Market Currencies: Some emerging market currencies, particularly those with higher interest rates, may see increased inflows as investors seek yield, although this comes with higher risk. For traders navigating these waters, understanding the interplay between interest rate differentials, inflation expectations, and central bank rhetoric is paramount. The current environment favors currencies whose central banks are perceived as more hawkish, while those maintaining dovish policies, like the BoJ, face depreciation pressure. These Forex market trends provide context for how investors are positioning themselves across global asset classes. What Does This Monetary Policy Divergence Mean for Your Portfolio? The ongoing Monetary policy divergence, particularly between the Bank of Japan and other major central banks, creates both challenges and opportunities for investors. The UBS USD/JPY forecast serves as a stark reminder that macroeconomic forces can significantly influence investment outcomes. For those holding a diversified portfolio, including traditional assets and cryptocurrencies, understanding these dynamics is crucial. Challenges: Currency Risk: Investors with exposure to Yen-denominated assets or those converting funds to Yen might face losses due to depreciation. Inflationary Headwinds: For Japanese consumers and businesses, rising import costs due to Yen weakness can erode purchasing power and profit margins. Market Volatility: Sudden shifts in central bank rhetoric or economic data can lead to increased volatility in currency markets, impacting related asset classes. Opportunities and Actionable Insights: USD Exposure: Investors might consider increasing exposure to US Dollar-denominated assets, given its relative strength driven by higher interest rates. Carry Trade Strategies: For sophisticated investors, employing carry trade strategies by borrowing in low-interest rate currencies (like the Yen) and investing in higher-yielding ones could be profitable, though it carries inherent risks. Hedging Strategies: Businesses and investors with significant Yen exposure might consider hedging strategies to mitigate currency risk. Diversification: Maintaining a diversified portfolio across different asset classes and geographies can help cushion against adverse currency movements. For crypto investors, understanding how these macro trends influence broader risk appetite is key, as a flight to safety in traditional markets can sometimes lead to outflows from more speculative assets. Monitoring BoJ: Closely watch any signals from the Bank of Japan regarding a potential shift in its Monetary policy stance. While unlikely in the short term, any pivot could significantly alter the USD/JPY forecast and global Forex market trends . Ultimately, staying informed about these fundamental economic forces allows for more strategic decision-making, helping investors to navigate the complexities of global finance more effectively. The UBS revision of its USD/JPY forecast to 140.00 is a clear indicator of the powerful forces at play in the global currency markets, primarily driven by the persistent dovishness of the Bank of Japan . This divergence in Monetary policy has cemented Yen weakness as a dominant theme, shaping Forex market trends and influencing investment decisions worldwide. While the immediate implications are felt most acutely in currency pairs, the ripple effects extend to broader economic conditions and investor sentiment, underscoring the interconnectedness of financial markets. As central banks continue to navigate inflation and growth challenges, monitoring these key currency movements remains essential for all market participants, from seasoned traders to long-term investors. To learn more about the latest Forex market trends, explore our article on key developments shaping the US Dollar and interest rates liquidity.
Ripple’s CEO, Brad Garlinghouse, has shown up today to testify before the US Senate. He has asked the lawmakers to prioritize the passage of market structure legislation for digital assets to ensure that the US becomes the crypto capital of the world. Garlinghouse has said that it is possible because the US possesses the world’s deepest capital markets, the most advanced technical talent, and the spirit of innovation. According to him, there is no reason the US should not be the undisputed leader in digital assets and blockchain. In addition, over 55 million Americans participate in the crypto economy. This equates to a $3.4 trillion market cap today. Garlinghouse has also said that a smart regulatory framework for crypto market structure is essential to realize that future, and is long overdue. According to him, “once market structure legislation for digital assets becomes law in the US, this will catalyze a new era of US competitiveness and unlock efficiencies in financial transactions – dramatically helping consumers and businesses alike.” Garlinghouse: What a smart regulatory framework should entail According to Garlinghouse, smart legislation should be based on core principles like consumers need protection from fraud and scams, markets need proper oversight, bad actors need to be kept in check, and innovation must thrive. He has asked the lawmakers to first set clear jurisdictional boundaries for the main financial regulators. He has also asked them to establish pathways for companies to build in the U.S. without sacrificing investor or consumer protections. In addition, he has asked them to ensure that the US can be a global leader in crypto by taking full advantage of the benefits and efficiencies brought by digital assets and blockchain technologies. Ripple’s CEO has pointed to the outcomes of the legal and regulatory uncertainty surrounding crypto over the last decade. He has said that it has prohibited meaningful progress in the US. He said, “At Ripple, we’ve seen firsthand how the lack of clear road rules can be weaponized to target good actors.” He said the uncertainty has extended the effects to the technology, jobs, and tax dollars that go with crypto and have been pushed offshore. This has reduced regulatory oversight and put consumers at higher risk. RLUSD market cap reaches $500 million From Garlinghouse’s statement, Ripple has nearly 900 employees across our 15 offices worldwide. He said, “A constructive and workable framework for digital assets and stablecoins that achieves these goals will expand access to financial markets, create jobs, boost the economy.” Meanwhile, Ripple’s stablecoin RLUSD , which was launched in late 2024, has hit $500 million market cap in less than seven months. RLUSD has received a major boost by integrating with Transak, a major cryptocurrency payments platform. Transak has officially integrated support for the RLUSD, enabling its 8.3 million users to purchase it using multiple fiat currencies. RLUSD is immediately available across all 64 countries that Transak supports for onboarding. The supported jurisdictions include key markets like the US, the UK, and the European Union. The integration has been in the works for about three months to ensure regulatory alignment across markets. Joined @SquawkCNBC this morning to discuss institutional stablecoin momentum and how trusted banks like BNY (just announced as RLUSD’s reserve banking partner today!) are ready to go all in on crypto with regulatory clarity. The US is long overdue for crypto market structure… — Brad Garlinghouse (@bgarlinghouse) July 9, 2025 The company also expanded banking ambitions when it announced its selection of the Bank of New York Mellon Corporation (BNY) as the primary custodian of RLUSD reserves. This has also increased the interest in its token XRP. Following the news of the banking license application, XRP went up 4%, breaking above the $2.28 resistance level, a potential setup for a larger technical move. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Meta has invested approximately $3.5 billion for a minority stake in Essilor Luxottica, the world’s largest eyewear manufacturer, as part of its strategy to expand into the artificial intelligence (AI) glasses market. The acquisition, which amounts to just under 3% of the Ray-Ban maker, reflects Meta’s commitment to developing AI-powered eyewear, building on their existing
Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, unveiled her crypto market legislation framework during the committee’s July 9 hearing. Elizabeth Warren Introduces Crypto Priorities in Senate Hearing According to a Wednesday press release from the committee, Warren debuted a list of five priorities she believes should “guide” U.S. lawmakers’ legislative process when developing crypto policy. Principles introduced by Warren include upholding securities laws for non-crypto assets, maintaining financial stability, requiring anti-money laundering compliance and closing sanctions loopholes ensuring investor protections, and preventing public officials from profiting off of crypto tokens. NEW: This morning, the Senate Banking Committee will hold a hearing on crypto market structure legislation. I’m hearing Elizabeth Warren, top Dem on the committee, will announce she would support a bill if it meets these 5 criteria: “1. Protecting our bedrock securities laws;… — Sander Lutz (@s_lutz95) July 9, 2025 “We need a crypto regulatory framework that reduces these risks,” said Warren. “But I’m concerned that what my Republican colleagues are aiming for is another industry handout that gives the crypto lobby exactly its wish list: The blessing of the government’s approval, combined with crypto rules that are weaker than the rules every other financial actor must follow.” “We need crypto legislation that will strengthen our financial system, not make it worse,” she added. Trump Faces Scrutiny For Crypto Ties Titled “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets,” the hearing largely focused on developing mainstay crypto market legislation. The hearing saw testimony from several high-ranking players in the crypto sector, including Blockchain Association CEO Summer Mersinger, Chainalysis CEO Jonathan Levin, and Ripple CEO Brad Garlinghouse. Other witnesses speaking at the event included former Commodity Future Trading Commission (CFTC) Chairman Timothy Massad, Paradigm General Partner Dan Robinson, and former Associate Counsel to the President Richard Painter. Warren has long spoken out about U.S. President Donald Trump’s crypto ventures, particularly in regards to his namesake memecoin $TRUMP. “The American people deserve the unwavering assurance that access to the presidency is not being offered for sale to the highest bidder in exchange for the President’s own financial gain,” Warren and fellow Senator Adam Schiff (D-CA) said in a recent statement. However, it remains to be seen whether the Senate committee will seriously pursue Warren’s crypto legislative priorities . The post Senator Elizabeth Warren Unveils Crypto Market Structure Principles In Key Committee Hearing appeared first on Cryptonews .