News
18 Jul 2025, 17:00
Staked Injective ETF Filed by Canary Capital: Can INJ Reach $16?
The fund would hold Injective Protocol’s native token, INJ, and stake a portion of it via approved validator providers Injective’s price surged up to 14% following the news, currently hovering around $14 Canary Capital has similar filings underway for assets such as Solana, XRP, Hedera, SUI, and Tron Canary Capital, a Delaware-based asset manager, has filed an S‑1 registration with the US SEC for the Canary Staked INJ ETF . This marks the first-ever US ETF that offers exposure to INJ, Injective Protocol’s native token, plus on-chain staking rewards. The fund would hold INJ and stake a portion of it via approved validator providers, passing annual yields (estimated to be around 10% to 12%) to ETF shareholders. Injective’s price surged up to 14% following the news, currently hovering around $14. Also, DEX volumes of Injective have tripled recently (from $0.4 million to $1.1 million daily), and TVL (Total Value Locked) has climbed to roughly $109 million, which is close to its early 2025 peak. As Injective trades within the critical $14-$16 range, its performance here will likely shape its immediate future, especially as excitement around the new ETF … The post Staked Injective ETF Filed by Canary Capital: Can INJ Reach $16? appeared first on Coin Edition .
18 Jul 2025, 16:55
Bitcoin Miner Backed by Peter Thiel Now Holds $1,000,000,000 Worth of Ethereum in a Bid To Become the MicroStrategy of ETH
A Bitcoin ( BTC ) mining company backed by tech billionaire Peter Thiel just announced that it is on track to become one of the world’s largest holders of Ethereum ( ETH ). In a statement, BitMine says it has accumulated over $1 billion worth of the second-largest crypto asset by market cap just days after closing a $250 million private placement to support its Ethereum treasury strategy. The company’s newly appointed chairman of the board of directors, Fundstrat’s Thomas Lee, says that BitMine is well on its way to achieving its goal of acquiring and staking 5% of the total supply of ETH. According to Lee, BitMine seeks to become the MicroStrategy of Ethereum. The software company now known as Strategy already holds 601,000 BTC worth about $72 billion, or around 2.865% of the total supply of the flagship crypto asset. “Among Bitcoin treasury companies, we have witnessed the reflexive benefit of acquiring large holdings… Such sizable holdings have created a ‘sovereign put’ for the company, meaning a nation-state views MSTR holdings as attractive if a nation ever wanted to acquire 5% of the Bitcoin network. Similarly, ETH Treasuries, which accumulate 5% of ETH supply, can benefit from a similar ‘Wall Street put.'” BitMines aims to increase the amount of ETH held per share by reinvesting the company’s cash flows as well as through capital markets activities, staking yields and changes in the value of the crypto asset. As of July 17th, the company holds a total of 300,657 ETH worth about $1.085 billion. 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 Bitcoin Miner Backed by Peter Thiel Now Holds $1,000,000,000 Worth of Ethereum in a Bid To Become the MicroStrategy of ETH appeared first on The Daily Hodl .
18 Jul 2025, 16:49
CRO Breaks Out With Momentum — Will the $0.18 Target Fall Next?
TL;DR CRO rocketed above $0.1, holding gains inside a rising channel with resistance near $0.18. ETF listing news and SEC case closure drew fresh interest from traders and institutions alike. Price indicators remain bullish, though the current RSI suggests a short break may come first. CRO Holds Above Key Breakout Level Cronos (CRO), the native token of Crypto.com, traded at $0.12 at press time, up 10% over the past 24 hours and 23% in the last week. The price moved above the $0.0986 level, which had held as resistance for several months. CRO now trades within a rising channel, with the next key resistance near $0.18. Interestingly, the token reached a recent high of $0.133 before easing slightly. A pullback to the $0.0986–$0.1060 zone may follow. This area now acts as support and could be retested before the price moves higher. The structure remains bullish as long as this support level holds. Indicators Suggest Trend May Continue The MACD shows a crossover, with the main line above the signal line and a positive histogram. This reflects momentum staying with buyers. The RSI stands at 81, which is above the typical overbought level. A short pause or minor drop may occur as a result. Source: TradingView Additionally, the Supertrend indicator turned green, which aligns with the breakout. The current support from Supertrend sits near the $0.1 mark, in line with recent structure. These indicators show the trend is strong, though a cooling period is possible before the next move. CRO Gains Attention on ETF News CRO rose nearly 18% after news broke that it could be included in a new exchange-traded fund. The proposed ETF, backed by Trump Media & Technology Group, would track five assets: Bitcoin, Ethereum, Solana, XRP, and Cronos . If approved, CRO would hold a 5% share. The US SEC also closed its review of Crypto.com earlier this year without action. That update removed legal pressure and may have supported investor confidence. In May, 21Shares listed a Cronos ETP on Euronext Paris and Amsterdam, expanding access in Europe. The post CRO Breaks Out With Momentum — Will the $0.18 Target Fall Next? appeared first on CryptoPotato .
18 Jul 2025, 16:40
Genius Act Unveiled: Stablecoin Regulation Takes Historic Leap with Coinbase, Circle CEOs at White House
BitcoinWorld Genius Act Unveiled: Stablecoin Regulation Takes Historic Leap with Coinbase, Circle CEOs at White House The halls of power in Washington D.C. rarely buzz with the presence of cryptocurrency titans, but a recent gathering at the White House marked a pivotal moment for the future of digital assets. The attendance of both Coinbase CEO Brian Armstrong and Circle CEO Jeremy Allaire at the signing ceremony for what appears to be a significant piece of legislation, dubbed the ‘Genius Act,’ signals a dramatic shift towards clearer stablecoin regulation in the United States. What Does the ‘Genius Act’ Mean for Stablecoin Regulation? For years, the cryptocurrency industry has yearned for regulatory clarity, especially concerning stablecoins – digital assets pegged to the value of traditional currencies like the US dollar. The ‘Genius Act’ emerging from the White House is a monumental step in addressing this long-standing need. While specific details of the act are anticipated, the mere fact of a dedicated bill reaching a signing ceremony involving key industry players speaks volumes. Clarity and Confidence: A well-defined regulatory framework can instill greater confidence among institutional investors and the general public, encouraging broader adoption of stablecoins for payments, remittances, and decentralized finance (DeFi). Consumer Protection: Robust stablecoin regulation aims to protect consumers from risks associated with unstable or fraudulent stablecoin projects, ensuring transparency in reserves and operational practices. Innovation with Guardrails: While some fear over-regulation, a balanced approach can foster innovation by providing clear rules of engagement, allowing companies to build and grow within a predictable legal environment. Global Leadership: The US has been playing catch-up in crypto regulation. This act could position the nation as a leader in establishing standards for digital assets on the global stage. This legislative move could transform stablecoins from a niche crypto product into a widely accepted digital payment instrument, bridging the gap between traditional finance and the burgeoning digital economy. Why Were Coinbase and Circle CEOs at the White House? The presence of two of the most influential figures in the crypto space – Coinbase CEO Brian Armstrong and Circle CEO Jeremy Allaire – at such a high-profile event underscores the profound impact this legislation will have on their respective businesses and the broader industry. Coinbase: A Voice for Regulatory Clarity As the largest cryptocurrency exchange in the United States, Coinbase has consistently advocated for clear, sensible regulations that foster innovation while protecting consumers. Brian Armstrong’s attendance signifies: Industry Representation: Coinbase represents millions of crypto users and businesses, and its involvement suggests that the industry’s concerns and insights were considered during the legislative process. Commitment to Compliance: Coinbase has always aimed to operate within regulatory boundaries, and the ‘Genius Act’ provides the much-needed framework they have been seeking to expand their services securely. Future Growth: Clear stablecoin rules could unlock new product offerings and partnerships for Coinbase, enhancing its position in the evolving financial landscape. Circle: The Stablecoin Pioneer Circle, the issuer of USDC, one of the world’s leading regulated stablecoins, is directly impacted by any stablecoin legislation. Jeremy Allaire’s presence highlights: Direct Stake: Circle’s core business revolves around stablecoins. Regulation directly affects how they operate, issue, and manage USDC’s reserves. Advocacy for Responsible Innovation: Circle has been a strong proponent of responsible stablecoin regulation that ensures stability, transparency, and interoperability. Their participation suggests alignment with the bill’s objectives. Market Validation: The ‘Genius Act’ could further validate USDC’s position as a trusted, regulated digital dollar, potentially increasing its adoption across various financial applications. Their joint attendance signals a rare moment of unity between industry and government, working towards a common goal of establishing a robust framework for digital assets. The Path to Clearer Rules: A Win for White House Crypto Initiatives? The Biden administration, while initially cautious, has shown increasing engagement with the cryptocurrency sector. This White House event suggests a more proactive stance towards integrating digital assets into the mainstream financial system. Evolving Stance on Digital Assets Historically, the US government has approached crypto with a mix of skepticism and a desire to understand its potential. The ‘Genius Act’ signing could mark a turning point, demonstrating a commitment to fostering innovation within a regulated environment rather than stifling it. This could be seen as a significant win for the administration’s broader economic and technological agenda. Symbolic Importance of the White House Hosting such a signing ceremony at the White House elevates the importance of stablecoin regulation from a niche tech issue to a national priority. It sends a clear message to both domestic and international markets that the U.S. is serious about creating a conducive environment for digital asset development. This move could set a precedent for future legislative actions concerning other areas of cryptocurrency, from DeFi to NFTs, potentially paving the way for a comprehensive digital asset framework in the United States. It reflects a growing understanding within government that ignoring or simply banning crypto is not a viable long-term strategy, and that embracing responsible innovation is key to maintaining economic competitiveness. Implications for the Future of Digital Assets and Stablecoins The ‘Genius Act’ and the high-level attendance at its signing are not just about stablecoins; they are indicative of a broader shift in how the U.S. views and intends to regulate the entire digital asset ecosystem. This could have far-reaching implications: Increased Institutional Adoption: Regulatory clarity often acts as a green light for traditional financial institutions that have been hesitant to engage deeply with crypto due to legal uncertainties. Enhanced Consumer Trust: As stablecoins become more regulated, users can have greater confidence in their stability and the safety of their funds, encouraging wider use for everyday transactions. Global Standard Setting: The U.S. regulatory framework could influence other nations’ approaches to digital asset regulation, potentially leading to more harmonized global standards. Reduced Market Volatility (Potentially): While not a direct consequence, a more mature and regulated stablecoin market could contribute to overall stability in the broader crypto market by reducing systemic risks. This is just the beginning. The implementation of the ‘Genius Act’ will be closely watched, and its success could determine the pace and direction of future crypto legislation in the U.S. Conclusion: A New Era for Crypto? The White House signing of the ‘Genius Act,’ with the active participation of leaders like the Coinbase CEO and Circle CEO , marks an extraordinary moment for the cryptocurrency industry. It signifies a tangible step towards clear, comprehensive stablecoin regulation , moving the digital asset space from the fringes of finance into a more integrated, regulated future. This development promises to foster innovation, enhance consumer protection, and solidify the U.S.’s position in the global digital economy. The road ahead may still have challenges, but this event undoubtedly represents a monumental leap forward for the legitimacy and widespread adoption of digital currencies. Frequently Asked Questions (FAQs) 1. What is the ‘Genius Act’? The ‘Genius Act’ refers to a significant piece of legislation focused on regulating stablecoins in the United States. While specific details are emerging, its signing at the White House indicates it aims to provide a clear regulatory framework for digital assets pegged to traditional currencies. 2. Why is stablecoin regulation important? Stablecoin regulation is crucial for several reasons: it provides clarity for businesses, protects consumers by ensuring transparency and stability of reserves, and helps integrate digital assets more smoothly into the traditional financial system, fostering broader adoption and innovation. 3. What role do Coinbase and Circle play in the stablecoin market? Coinbase is a leading cryptocurrency exchange that facilitates the trading of stablecoins and other digital assets. Circle is the issuer of USDC, one of the largest and most widely used regulated stablecoins, making both companies directly impacted by and invested in stablecoin regulation. 4. How might this regulation affect crypto users? For crypto users, this regulation could mean increased trust and safety when using stablecoins, potentially leading to more widespread acceptance for payments and other financial activities. It might also encourage more traditional financial institutions to offer crypto services, expanding access for users. 5. Is the U.S. now a leader in crypto regulation? The signing of the ‘Genius Act’ is a strong indicator that the U.S. is taking a more proactive and serious approach to crypto regulation. While other countries have made progress, this move significantly strengthens the U.S.’s position in setting global standards for digital assets. 6. What are the next steps after this signing? Following the signing, the focus will shift to the implementation of the ‘Genius Act’ by relevant regulatory bodies. This will involve developing specific rules and guidelines, which will shape how stablecoin issuers and users operate within the new framework. The industry will closely watch for these details. To learn more about the latest crypto market trends, explore our article on key developments shaping stablecoin price action. Did you find this article insightful? Share it with your network on social media to spread awareness about this pivotal moment for stablecoin regulation! This post Genius Act Unveiled: Stablecoin Regulation Takes Historic Leap with Coinbase, Circle CEOs at White House first appeared on BitcoinWorld and is written by Editorial Team
18 Jul 2025, 16:38
Trump to Sign the Historic GENIUS Act Into Law. What Does It Mean for Crypto?
The "Guiding and Establishing National Innovation for U.S. Stablecoins Act," otherwise known as GENIUS, will become law later this Friday when U.S. President Donald Trump signs the first major piece of legislation addressing digital assets. This is a historic law for the digital assets industry, which has been craving for regulatory clarity for years. But what is it? The GENIUS bill, which started in the Senate, sets up a regulatory framework to address stablecoins, cryptocurrencies whose values are pegged to the value of another asset — usually the U.S. dollar. The U.S. dollar stablecoin industry, with a $267 billion market capitalization , is largely dominated by Tether and Circle (CRCL) and primarily used as an intermediate asset for trading or a tool for accessing the U.S. dollar in countries with hyperinflation or other monetary issues. The GENIUS Act creates a definition for payment through stablecoins . The law assigns the Federal Reserve and the Office of the Comptroller of the Currency — two of the major U.S. bank regulators — tasks overseeing their issuance. The Fed will be tasked with the big bank issuers, while the OCC will oversee nonbank issuers with more than $10 billion in stablecoins. State regulators can still oversee certain issuers above the $10 billion threshold if they meet certain criteria and can secure a waiver. The bill also defines reserve requirements and creates requirements for issuers to regularly share information about their reserves. The reserves themselves must be in U.S. currency, demand deposits, Treasurys and other "approved assets." Why does it matter? Essentially, this law will translate into potentially clear regulatory frameworks for using stablecoins for everyday financial transactions, which is good news for crypto companies and consumers, according to some observers. "This bill will empower American businesses and consumers and enable them to take advantage of the next iteration of financial innovation," said Kirsten Gillibrand, a longtime Democrat sponsor of stablecoin legislation. This could also help crypto become more mainstream for the masses, help accelerate further innovation in the financial system, leveraging the blockchain technology. "This new stablecoin law will help unlock technologies that will transform how value moves around the world, expand access to the financial system, and unlock new economic opportunities for millions. We’re just scratching the surface of what’s possible," said Avery Ching, CEO and co-founder of Aptos Labs. Another part of the bill that might help legitimize the digital assets revolution is that it treats stablecoin issuers as financial institutions as far as anti-money laundering rules go, putting in place requirements on what sort of customer data these companies need to collect and verify. Which lines up with the efforts from some of the crypto firms hoping to become a bank. For example, recently, Circle (CRCL), the company behind the USDC stablecoin, said it has filed an application with the OCC to form a federally regulated national trust bank. Such a charter would bring Circle under direct OCC oversight, aligning it with how traditional financial institutions are regulated. Although the bill has been applauded by pro-crypto parties and firms, some Democrats have issued warnings that the bill does not go far enough to protect consumers or block public officials from benefiting from their crypto activities, pointing to the Trump-affiliated World Liberty Financial and its USD1 stablecoin. However, while Democrats did force a slowdown in work on GENIUS on the Senate floor earlier this year, they ultimately voted for the bill after some changes . The bill saw massive bipartisan support in both the House and Senate. Read more: 'Crypto Week' Reaction: What GENIUS and CLARITY Bills Mean for the Industry
18 Jul 2025, 16:32
SEC Chair Signals Possible Shift Toward Bitcoin Inclusion in 401(k) Retirement Plans Amid Regulatory Evolution
🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! The integration of
