Crypto World
Bitcoin price prediction July 2026: Fed decides
Bitcoin closed the worst half-year in its recent history near $60,000, down from $93,000 in January and fresh off a 21-month low, and almost none of the damage came from crypto itself. The Federal Reserve and record ETF outflows did it, and the same two forces meet again at the July 28-29 policy meeting that will likely decide whether the bottom is in or another leg waits below. These are the levels, the scenarios, and the honest case on both sides.
Summary
- Bitcoin enters July near $60,000, with the July 28–29 Fed meeting expected to determine whether the recent sell-off extends or a recovery begins.
- The main risks remain hawkish Fed policy and continued spot Bitcoin ETF outflows, while whale accumulation and an oversold market provide the strongest bullish arguments.
- Key levels to watch are $58,000 support and $63,800 resistance; a sustained return of ETF inflows could signal that a broader recovery is underway.
Bitcoin enters July 2026 trading near $60,000, and the number understates how strange the year has been. The largest cryptocurrency began January above $93,000, peaked at $126,000 back in October 2025, and spent the first half of 2026 grinding down to a fresh 21-month low near $58,000 in late June, a decline of more than half from the top.
What makes it unusual is the absence of a villain: Bitcoin’s historic crashes came with something breaking, the Terra collapse in 2022, the FTX failure months later, and this time nothing inside crypto broke.
No major exchange failed, no large stablecoin lost its peg, and the US Strategic Bitcoin Reserve stayed in place. The damage came almost entirely from two external forces: the Federal Reserve and the money leaving Bitcoin exchange-traded funds, and those same two forces are set to decide what happens next.
The pivotal event sits at the end of the month. The Federal Reserve meets on July 28-29, and prediction markets put roughly a 70% probability on the Fed holding rates steady, with the small remaining chance pointing toward a hike, not a cut, meaning a monetary rescue for risk assets this month looks unlikely.
Around that decision sits a market that is deeply oversold, largely deleveraged, and quietly being accumulated by long-term buyers even as ETF holders sell, a genuinely mixed setup that supports the range this piece will map rather than a confident call in either direction.
This prediction breaks down the month the way a trader would: the price levels that matter in both directions, the bearish case built on the Fed and the ETF exodus, the bullish case built on oversold conditions and whale accumulation, three concrete scenarios with the triggers that would produce each, the analyst and prediction-market targets worth knowing, and the honest bottom line on a month whose direction one meeting will largely set. None of it is investment advice, and Bitcoin’s volatility means every level here can be overrun by a single headline.
The levels that matter
Start with the map, because in a month likely to be decided by one event, the levels around that event are the whole game. Bitcoin near $60,000 sits below its 50-month exponential moving average around $65,600, a marker that has flipped from support to resistance and now caps rallies, while remaining well above its 100-month average near $40,000, which keeps the multi-year structure intact even in the current weakness.
On the downside, the first and most important floor is the late-June low near $58,115, the level that defined the month’s bottom and whose defense or failure is the single most-watched line on the chart. Below it, the $56,200 area marks a Fibonacci support that traders widely flag, and beneath that the picture opens toward the $50,000 to $53,000 zone, which aligns with the most bearish institutional forecasts and would represent the month’s worst-case territory. That lower band also sits near the long-term trendline Bitcoin has only breached during the deepest stretches of past bear markets, which is why a move into it would carry outsized psychological weight.
On the upside, reclaiming the $62,000 to $65,600 zone is the bulls’ first task, because turning that band from resistance back into support would neutralize the downtrend, and a decisive break above roughly $63,800 is the level several analysts cite as the signal that the immediate downtrend has ended. Above that, the 50-month average near $65,600 and then the $70,000 round number are the next hurdles, though reaching them in July would likely require the outside help the bull case depends on.
Held together, the structure is a market pinned below falling resistance and resting on a well-defined floor, waiting for a catalyst to resolve the tension, and the calendar says the catalyst arrives at month-end.
The bearish case: the Fed and the ETF exodus
The case for another leg down rests on the two forces that drove the first-half decline, and neither has clearly reversed. The Federal Reserve is the larger one. The new chair held rates steady at his first meeting in June and took this year’s expected rate cut off the table, and the resulting repricing of risk assets is much of what pulled Bitcoin down.
With markets assigning roughly a 70% odds to another hold on July 29 and the tail risk pointing toward a hike rather than a cut, the monetary backdrop offers Bitcoin no relief this month and possibly a fresh headwind, and a hold delivered with hawkish language, or any hint of a hike, is exactly the trigger that could push price back below the $58,115 floor.
The second force is the ETF exodus, and its scale is historic. Bitcoin ETFs posted their worst month on record in June with roughly $4.5 billion pulled, and one major bank cut its 12-month inflow forecast to zero, a stark reversal for the products that drove the prior bull run. Because ETF flows translate directly into real spot buying and selling through the creation-and-redemption machinery, sustained outflows are not sentiment noise; they are actual coins hitting the market, and until that flow turns, one of the largest sources of structural demand is instead a source of supply.
The bearish scenario also carries a wildcard: a treasury company forced into selling. Several corporate holders carry Bitcoin against financing, and a forced sale into a thin, falling market could accelerate a move toward the $50,000 to $53,000 zone, the kind of reflexive downside the first-half drawdown across the broader market already previewed.
The bullish case: oversold, deleveraged, and quietly accumulated
The case for a bottom does not rely on optimism; it rests on market structure. Bitcoin is deeply oversold on multiple timeframes, and the leverage that drove the crash has largely been flushed; the forced-selling cascade that liquidations mechanically produce is now spent, with open interest down to roughly $46.5 billion.
That matters because a deleveraged market has less fuel for cascading liquidations, which means another sharp drop would likely require a fresh fundamental trigger instead of more mechanical selling, a meaningfully different setup from the cascade that produced the June low.
Underneath the price, the on-chain picture diverges sharply from the ETF flows, and the divergence is the bull case’s strongest single point. Coins keep leaving exchanges, and whales accumulated more than 270,000 BTC over roughly two weeks around the lows, worth well over $16 billion, most of it moved through the private desks where size trades without moving the price, precisely the pattern of long-term buyers stepping in that has historically marked accumulation bottoms. That split, whales buying the low while ETFs sold, is the defining tension of the current market, and it means the selling has been concentrated in one holder class while another quietly absorbs supply.
For the bullish scenario to play out on price, Bitcoin needs a little outside help: a cooler mid-July inflation report, a return of ETF inflows for a week or more, or softer language from the Fed chair, any of which could let Bitcoin reclaim $60,000 as support and turn the oversold structure into a recovery. The bottoming signal to watch, on this side, is simple and specific: money flowing back into the ETFs for a sustained stretch, which is what a genuine turn in demand would look like first.
The macro backdrop: why a rate decision moves Bitcoin
For readers who find it strange that a central bank meeting dominates a Bitcoin forecast, the mechanism is worth making explicit, because it is the through-line of the entire year. Bitcoin trades, in the current era, as a high-beta risk asset: when the Federal Reserve tightens or signals higher-for-longer rates, the return available on safe assets like Treasuries rises, the cost of holding non-yielding assets climbs, and capital rotates out of the riskiest holdings first, with Bitcoin near the front of that queue. The first half of 2026 was a textbook demonstration, and the sequence matters.
The Fed’s new chair took office and, at his first meeting in June, held rates steady while removing the rate cut markets had priced for the year, and the repricing rippled straight through risk assets into Bitcoin, which fell from the low $70,000s toward $60,000 in the weeks that followed.
This is why the July 28-29 meeting carries such weight, and why its likely outcome is not comforting. A hold is the base expectation, but a hold is not neutral when the market had hoped for cuts; it confirms the higher-for-longer backdrop that pressured Bitcoin all year. The dangerous tail is a hawkish surprise: any hint of a hike, or a hold delivered with language pointing to more tightening ahead, would remove the last hope of monetary relief and likely send capital further out of risk.
The benign path runs the other way, through the data that precedes the meeting: a cooler mid-July inflation report would revive the case for eventual cuts, soften the dollar, ease Treasury yields, and give risk assets including Bitcoin room to breathe.
In other words, the inflation print in the middle of the month may matter nearly as much as the decision at the end of it, because it shapes what the Fed can credibly say. Bitcoin’s July is, to an uncomfortable degree, a bet on macro data it has no influence over.
The cycle debate underneath the month
Beyond July’s tactical picture sits a larger argument that colors every forecast, and it is worth understanding because it explains the extraordinary spread in analyst targets. Bitcoin has historically moved in roughly 4-year cycles tied to its halving events, with long bull markets giving way to deep bear markets in a rhythm traders have relied on for over a decade. The current drawdown, more than half off the October 2025 peak, would in the classic framework signal a bear market already well underway, pointing toward more downside and a longer winter before the next cycle.
The competing thesis, advanced by some of the most bullish institutional voices, is that this cycle is different because the buyer base has changed. On this view, the entry of ETFs, corporations, and other institutions is stretching Bitcoin’s traditional boom-and-bust rhythm into a longer, shallower, more gradual cycle, one where deep drawdowns like the current one are corrections within an extended bull market instead of the start of a multi-year winter.
The record ETF outflows of the first half complicate that story, since they show institutional money can leave as fast as it arrived, but the simultaneous whale accumulation supports it, suggesting conviction buyers view these levels as an opportunity.
The debate will not resolve in July, but it frames the month’s stakes: if the classic cycle holds, the $50,000s and lower are a waypoint on a longer decline, and if the institutional thesis holds, the current oversold, accumulated setup near multi-year support is closer to a bottom than a beginning.
July’s data will not settle the argument, but it will nudge the evidence one way or the other, which is part of why the month is being watched so closely.
Three scenarios for July
Pulling the forces together produces three coherent paths for the month.
The base case is a slow grind with a downward tilt. If nothing decisive changes before the Fed meets, Bitcoin likely chops between roughly $56,000 and $62,000, getting rejected on each push into the low $60,000s and treading water while the market waits for the July 29 outcome. This is the highest-probability path into the meeting, and it resolves only when the Fed does.
The bearish scenario opens below $58,115. A hot inflation report, a hawkish hold or hike signal from the Fed, or a forced corporate sale could break the June floor, exposing the $56,200 Fibonacci support and, if that fails, the $50,000 to $53,000 zone that aligns with the most bearish bank forecast. This is not the base expectation for July, but it is the clearly defined downside if sellers regain control.
The bullish scenario needs the outside help named above. A cooler inflation print, renewed ETF inflows, or a softer Fed tone could let Bitcoin hold above $60,000, reclaim the $62,000 to $65,600 band, and turn a break above roughly $63,800 into the signal that the downtrend has ended, opening a path toward the 50-month average and $70,000. It is the least likely path given the monetary backdrop, but the oversold, deleveraged, accumulated structure means the fuel for a sharp recovery is present if the catalyst appears.
Reading the flows in real time
Because this piece keeps returning to ETF flows as the signal that matters most, it is worth being concrete about how to read them during the month, since the daily numbers reward interpretation. The flow data publishes each trading day and measures coins genuinely created and redeemed, but single days are noise, dominated by one fund’s rebalancing or one authorized participant’s book, while multi-week trends are the real regime information.
A single green day after the June exodus means little; a sustained stretch of inflows, a week or more of consistent net creation across multiple issuers, is the pattern that would signal the demand which drove the bull market coming back, and it is the specific evidence a bottom-caller should demand before trusting a turn.
Two caveats keep the reading honest. First, a meaningful share of ETF positions belongs to basis traders holding shares against short futures to harvest a spread, and when that spread moves they redeem mechanically with no directional view, which means some of June’s alarming outflows were plumbing, not conviction selling, and some of any recovery’s inflows will be the same in reverse.
Second, flows lag price around the clock, since the ETFs trade only during US market hours while Bitcoin trades continuously, so a weekend move shows up in Monday’s flow number, not in real time. The practical habit is to watch the flow trend across a full week, weigh it against price action, and treat a durable turn in the trend, not any single print, as the tell.
Alongside the flows, the on-chain accumulation data, exchange balances and large-wallet holdings, provides the counterweight that has diverged from ETF selling all through the drawdown, and the month in which those two series finally point the same direction is likely the month the trend actually changes.
The targets on the table
The professional forecasts span an unusually wide range, which is itself information about how uncertain this moment is. On the short-term and bearish side, one major bank’s $53,000 forecast anchors the downside case, and prediction-market data leans bearish, with traders assigning roughly a 68% chance of Bitcoin reaching $65,000 by late July and a 64% chance of $60,000 holding as support, alongside only modest odds, under 20%, of Bitcoin reaching $90,000 by year-end.
On the bullish side, one major bank maintains a $100,000 year-end target and frames the sell-off as a buying opportunity rather than a cycle top, and one research firm holds a $150,000 year-end call built on the thesis that institutional ownership is stretching Bitcoin’s traditional 4-year cycle into a longer, more gradual one. Longer-dated model-based forecasts cluster in the high 5 figures to low 6 figures for late 2026 before rising in subsequent years.
The spread between a $53,000 near-term floor and a $150,000 year-end target is the honest picture: the analysts agree on almost nothing except that the second half depends on the Fed and the ETFs, the same two variables this piece has centered throughout.
For July specifically, the base-case targets cluster around $65,600 on the upside if support holds and the low-to-mid $50,000s on the downside if it does not, a range whose resolution the month-end meeting will largely dictate.
What could break the range
Because the base case is a range defined by one meeting, it is worth naming the events that could override it before or after July 29, since a month pinned on a calendar is also a month exposed to surprises. On the downside, beyond a hawkish Fed, the specific risks are a hot inflation print that removes the cooling narrative, a forced sale from a leveraged corporate treasury holder into thin liquidity, and any renewed acceleration in ETF redemptions that turns the June exodus into a quarter-long trend.
Each of these is capable of breaking the $58,115 floor independent of the Fed, and the treasury-sale risk in particular is the kind of reflexive, mechanical event that has produced Bitcoin’s sharpest single-day moves, because a holder selling from necessity, not choice, sells regardless of price.
On the upside, the overrides are mirror images: a cooler inflation report that revives cut expectations, a decisive multi-week return of ETF inflows, or a broad risk-on turn in traditional markets that lifts Bitcoin alongside equities. A geopolitical de-escalation or a softening dollar could each do it, since Bitcoin has tracked global risk appetite closely through the year.
The point of naming both sets is not to predict which fires but to frame the month correctly: the range between roughly $56,000 and $63,800 is the default, the Fed is the scheduled resolver, and the list above is the set of unscheduled events that could resolve it earlier or push it further in either direction. A disciplined reader watches the floor, the reclaim zone, the mid-month inflation data, and the ETF flow trend, and lets those four signals, not any forecast including this one, dictate the reading as the month unfolds.
The honest bottom line
July 2026 is a waiting month with a hard deadline. Bitcoin enters it oversold, deleveraged, and quietly accumulated, which limits the fuel for another forced-selling cascade, and simultaneously pinned beneath falling resistance by a Federal Reserve that has taken rate cuts off the table and an ETF complex still bleeding, which limits the fuel for a recovery. The result is a market coiled between a well-defined floor near $58,000 and a reclaim zone near $63,800, most likely grinding sideways with a downward tilt until the July 28-29 meeting forces the resolution, at which point the reaction to the Fed, and the behavior of ETF flows in the days around it, will set the tone for the rest of the summer.
The single most useful thing to watch is not the price but the flows: a sustained return of ETF inflows would be the first real evidence that the demand which drove the bull market is coming back, and its continued absence is the clearest reason to expect the grind to continue. Bitcoin has survived a half-year that erased more than half its value without a single structural break, which is either the setup for a base or the pause before another leg, and honestly, the month itself, through one meeting and a handful of data prints, will do more to answer that than any forecast can.
One final piece of perspective for anyone reading this mid-month: the hardest thing about a waiting market is that patience feels like inaction while the range holds, and then resolves faster than anyone can react once it breaks. The levels in this piece exist precisely so that the resolution, whenever it comes, is legible in advance instead of chased after the fact. The floor is near $58,000, the line that ends the downtrend is near $63,800, the scheduled catalyst is July 28-29, and the flow trend is the tell underneath all of it.
A reader who knows those four numbers going into the meeting is positioned to interpret whatever the Fed and the data deliver, which is the most any honest forecast can offer for a month this contingent: not a forecast to trust blindly, but a map to read the month against as it happens.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrency markets are highly volatile, and you can lose your entire investment. Price levels, forecasts, and the July 28-29 Federal Reserve meeting date reflect information current as of July 9, 2026, and are subject to change; verify current conditions before making any decision. Always do your own research.
Just when you thought crypto was getting boring, a new phenomenon is lighting up Crypto Twitter — Fake World Assets (FWAs). Yes, really.
It’s the latest iteration of the onchain gacha craze, where users receive a random collectible, or collectibles, that are usually worth very little, but are sometimes worth quite a lot.
Within four days of launch, FWAs guzzled so much Ethereum gas that they briefly became the chain’s largest gas consumer by fees over a 24-hour period.
At its peak on July 25, FWAs generated approximately $1.53 million in daily fees, and even leapfrogged Tether and Circle to briefly rank among Ethereum’s biggest consumers of blockspace. Its creators, TokenWorks, proclaimed:
“4 days since launch. Fake World Assets are the next big thing.”
TokenWorks is far from an impartial observer, but TVL continues to climb, reaching over $6.15 million on July 31. Fee revenue has now eased to around $350,000 per day, which equates to an annualized run rate of roughly $268 million. By August 1, FWA had seen 10,000 ETH in volume, and 100,000 purchases. Some of the activity is driven by users trying to access early FWA token incentives, but there also appears to be genuine interest in the gamified mechanic.
Fake World Assets TVL and fees. Source: DeFiLlama
Not everyone is convinced the excitement around FWA will last. Simon Dedic, founder of venture capital firm Moonrock Capital, and an early backer of onchain collectible platforms, tells Magazine:
“I’m very bullish on gamified commerce… my skepticism on FWA is specific.”
Dedic argues that much of the current activity is driven by generous token incentives rather than genuine demand.
“The whole thing is purely aimed at crypto degens so they can gamble and speculate,” he says.
So, is this just another short-lived obsession, or has the industry finally stumbled upon something built to last?
All very interesting, but what the heck are FWAs?
Crypto has spent years trying to put the real world onchain, from stocks and bonds to collectible cards and Brazilian cows.
Related: Gambling on random Pokémon cards: Onchain gagcha hits record high as crypto sinks
TokenWorks decided to flip the idea on its head by creating Fake World Assets, which are just NFTs. Rather than buying a specific collectible like a Bored Ape, users pay to spin an onchain “gacha” machine for the chance to win a randomly selected NFT backed by Ether.
The prizes on offer come from dozens of well-known collections, like CryptoPunks and Azuki to Lil Pudgys and Art Blocks.
Fake World Assets is just the latest Ethereum-based protocol to put a new spin on the craze.
Gacha is short for gachapon/gashapon, which are vending machines invented in Japan in the 1960s that spit out a random toy in a capsule. This mechanic migrated to mobile and browser games, with the loot boxes in Dragon Collection in 2010 often cited as the first major gacha game. Meanwhile a similar mechanic was at work with real world Pokemon trading card “booster packs” that offered a random assortment of collectible cards, of various rarity levels and values.
These cards were subsequently tokenzied onchain by projects such as Collector Crypt, Beezie and Courtyard. As Magazine reported previously, onchain gacha saw a record $324 million in volume in June. (Hundreds of these tokenized cards have now been wrapped for use on FWA.)
The concept is expanding every week, with developers experimenting with randomized “token packs” containing ERC-20 tokens, while StockRip on Robinhood chain, shows how tokenized stocks can be wrapped into NFT-based gacha packs.
Fake World Assets. Source: fwa.fun
As AzFlin, founder of DAO launchpad daos.world and a former Uniswap engineer, says:
“Just when you think everything in crypto has been invented, something new springs up.”
What is the appeal of onchain gacha?
The gacha mechanic combines crypto, collectibles and gambling . As pseudonymous crypto commentator 2Lambroz puts it, from the player’s perspective, “you’re buying a lottery ticket on the pool.”
“People enjoy playing the lottery, and it’s important to take that seriously,” says Benjamin Lockwood, a Wharton economist whose research into state-run lotteries found that people value the experience itself, not just the chance of winning.
Related: Pudgy Penguins expands retail footprint with Target trading card rollout
Meir Statman, the behavioral finance pioneer and professor at Santa Clara University and author of A Wealth of Well-Being, tells Magazine:
“There is a parallel to ‘onchain gacha’ in people bidding on the contents of abandoned storage units. Most find items worth placing in the trash, but some find items they can sell on eBay. One found a painting worth hundreds of thousands of dollars. These combine hope for riches with playfulness. This is what lotteries offer.”
Two sides to every story
Why do people play the lottery? Source: Knowledge at Wharton
There are two sides to the FWA protocol.
NFT holders become liquidity providers (LPs), depositing collectibles alongside ETH and earning a share of the fees while their position remains in the pool.
Players, meanwhile, pay for the chance to pull a randomly selected NFT, deciding afterwards whether to keep it or redeem most of its attached ETH value instead. (Blockworks Research notes that at present, around 70% of purchasers choose to convert their winnings to FWA.)
As 2Lambroz explains, LPs are effectively hoping their NFT stays in the pool long enough to earn fees before it’s selected, while players are chasing the chance of landing a prize worth far more than the cost of a spin.
FWA: The two sides. Source: 2Lambroz
Self-proclaimed Ethereum maxi, Materkel says:
“The most fun NFT/casino primitive in over a decade of crypto, where users actually get to be both players and the house at the same time […] Money legos on Ethereum are back!”
Can the hype last?
While Dedic believes much of the activity relates to token incentives, he says he’s “very bullish on gamified commerce for a generational reason.”
“The further Gen Z moves into being the generation with the strongest buying power, the more shopping is going to be gamified and come with a dopamine kick attached.”
And rather than offering random NFTs from last cycle, Dedic believes the mechanism is better suited to assets people already want to own, such as collectibles like Pokémon cards, watches and even whiskey.
“I see enormous potential in selling much-demanded assets in a gamified way,” he says. “I see very little in building Ponzi schemes to create demand for assets nobody wanted in the first place.”
The real test will come when the novelty wears off and the incentives fade. If users keep spinning anyway, onchain gacha may have found a retail use case crypto has been searching for all along. If not, they’ll join the dumpster fire of failed crypto experiments that burned brightly before fading away.
Magazine: The 100x obsession: Fundamentals grow in importance as crypto matures
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Morgan Stanley downgraded shares of Circle Internet (CRCL) to underweight from equal-weight on Monday and cut its price target to $38 from $106, citing a weaker long-term earnings outlook.
The stock, which slid 6% following the report, has fallen about 30% year-to-date, reflecting growing investor concern over the outlook for USDC, the company’s dollar-backed stablecoin and its largest source of revenue.
Analyst James Faucette said Morgan Stanley expects slower USDC growth as reserve income comes under pressure and Circle shifts toward lower-margin transaction revenue.
“We downgrade Circle, as USDC contraction exposes reserve income sensitivity and points to a lower-margin shift toward transaction revenue,” Faucette wrote in a research note.
The bank reduced its USDC supply forecasts by roughly 33% for 2027 and 44% for 2028, resulting in GAAP earnings-per-share estimates that are about 3% below Wall Street consensus in 2027 and 20% below consensus in 2028.
Morgan Stanley also pointed to rising competition from tokenized money market funds and tokenized deposits, which could reduce both USDC balances and the revenue Circle earns on reserves.
Bitmine Immersion Technologies, the largest global owner of ETH, has continued with its aggressive accumulation strategy by adding 10,399 coins over the past week.
Its treasury has consistently increased over the past year and now stands at 5,797,813 ETH – just shy of the 5.8 million milestone.
Another Big Purchase
The press release shared by the former BTC miner reads that its crypto holdings, cash, and other investments total approximately $11.3 billion. Ethereum’s stash alone is currently valued at around $10.9 billion given the asset’s retreat from over $1,900 to under $1,850. Bitmine holds 4.8% of Ethereum’s circulating supply and cemented its position as the largest corporate holder of the asset.
Moreover, it has reduced the gap with the overall leader in the cryptocurrency space, Strategy. The Saylor-co-founded company has not only halted its BTC purchases, but has just announced its third sale of the year.
According to Bitmine Chairman Tom Lee, the firm has increased its ETH position every single week since it adopted the Ethereum treasury strategy on June 30 last year. Speaking on the most recent Ethereum market performance, in which the altcoin managed to outperform BTC and many other alts, Lee noted that it’s a clear sign its fundamentals continue to improve.
Moreover, he claimed that ETH outperformed the Nasdaq 100 by 25% in July, which, as we reported during the weekend, made it the asset’s strongest month in a year.
“In July, ETH outperformed the Nasdaq 100 by 2,500bp (or 25 percentage points). This is the largest outperformance since July 2025, and we believe it is reflective of the strengthening fundamentals of crypto. Last July (2025), ETH rose from $2,375 to $4,057 by the end of August,” stated Lee.
Staking Progress
Beyond accumulating ETH, the company continues expanding its staking operations through its institutional-grade platform called MAVAN. It has already deployed 4.92 million ETH to work, representing 85% of its entire treasury. Based on current yields, Bitmine projects approximately $291 million in annual staking rewards and $247 million in annualized staking revenue.
The post Bitmine Buys Another 10,399 ETH, Treasury Nears 5.8 Million Coins appeared first on CryptoPotato.
Crypto World
DeFi for Agricultural Finance: Cultivating the Future of Farming Through Decentralized Finance
Agriculture has always been the backbone of civilization, feeding billions while supporting the livelihoods of nearly 30% of the global workforce. Yet despite its importance, farmers—especially smallholder farmers—continue to face significant financial challenges. Limited access to credit, expensive intermediaries, slow cross-border payments, and lack of insurance often prevent agricultural businesses from reaching their full potential.
Enter Decentralized Finance (DeFi)—a blockchain-powered financial ecosystem that removes traditional intermediaries and enables transparent, permissionless financial services. While DeFi is commonly associated with cryptocurrency trading and lending, its potential extends far beyond digital assets. One of its most promising frontiers is agricultural finance, where blockchain technology could revolutionize how farmers access capital, manage risk, and participate in global markets.
As climate change, food security, and financial inclusion become increasingly urgent global issues, DeFi may offer the infrastructure needed to build a more resilient agricultural economy.
The Financial Challenges Facing Farmers
Agriculture is inherently risky. Farmers depend on weather conditions, fluctuating commodity prices, disease outbreaks, and seasonal income. Unfortunately, traditional financial institutions often view agriculture as a high-risk sector, resulting in:
- Limited access to affordable loans
- High interest rates
- Excessive paperwork
- Long approval processes
- Lack of collateral for smallholder farmers
- Expensive crop insurance
- Delayed international payments
In many developing countries, millions of farmers remain unbanked, making it difficult to secure financing needed for seeds, fertilizer, equipment, or irrigation.
What is DeFi?
Decentralized Finance, or DeFi, is a financial ecosystem built on blockchain networks using smart contracts instead of centralized institutions. Rather than relying on banks, DeFi platforms allow users to borrow, lend, trade, insure assets, and earn yield directly through decentralized protocols.
Key characteristics include:
- Permissionless access
- Transparent transactions
- Global availability
- Programmable financial products
- Lower transaction costs
- 24/7 accessibility
For agriculture, these features create opportunities to remove long-standing financial barriers.
How DeFi Can Transform Agricultural Finance
1. Permissionless Lending for Farmers
Traditional agricultural loans often require credit history, land titles, or extensive documentation. Many small-scale farmers simply cannot meet these requirements.
DeFi lending platforms could enable farmers to access capital through blockchain-based lending pools where lenders earn yield while borrowers receive funding more efficiently.
Potential benefits include:
- Faster loan approvals
- Reduced administrative costs
- Global liquidity access
- Transparent lending terms
- Fractional financing
Future innovations may incorporate decentralized identity systems and on-chain farming records to improve credit assessment without relying solely on conventional collateral.
2. Tokenizing Agricultural Assets
One of blockchain’s most innovative features is asset tokenization.
Real-world agricultural assets can potentially be represented as digital tokens, including:
- Crop inventories
- Grain storage
- Coffee harvests
- Livestock
- Farmland ownership
- Agricultural equipment
Tokenization enables fractional ownership, making agricultural investments accessible to a broader range of investors while allowing farmers to unlock liquidity without selling their entire assets.
3. Decentralized Crop Insurance
Weather remains one of agriculture’s greatest uncertainties.
Traditional insurance claims may take weeks—or even months—to process.
Blockchain-based insurance powered by smart contracts can automatically execute payouts when predefined conditions are met.
For example:
- Rainfall falls below a specified threshold.
- Temperature exceeds critical levels.
- Flood data reaches predefined limits.
Using trusted data sources (oracles), farmers could receive automatic compensation without lengthy claim investigations.
This automation reduces operational costs while improving trust and efficiency.
4. Stablecoins for Agricultural Payments
Farmers frequently face payment delays, particularly in international trade.
Stablecoins offer a faster alternative for:
- Export payments
- Supplier settlements
- Equipment purchases
- Cross-border remittances
Instead of waiting several days for international bank transfers, blockchain transactions can settle within minutes while maintaining lower fees.
For farmers operating in regions with volatile local currencies, stablecoins may also provide greater financial stability.
5. Supply Chain Transparency
Consumers increasingly want to know where their food comes from.
Blockchain technology allows every stage of agricultural production to be recorded immutably.
Information can include:
- Farm origin
- Harvest dates
- Transportation records
- Storage conditions
- Certifications
- Quality inspections
Combined with DeFi, this transparency could enable financing tied directly to verified production milestones, reducing fraud and improving trust among buyers, suppliers, and lenders.
6. Yield Farming Beyond Crypto
The concept of “yield” takes on a new meaning in agriculture.
Future DeFi protocols may allow investors to fund seasonal farming operations in exchange for a portion of harvest profits.
Instead of speculative investments alone, capital could directly support food production while offering returns linked to agricultural performance.
Although still an emerging concept, such models could create entirely new financing mechanisms for rural economies.
Real-World Applications
Several blockchain initiatives are already exploring agriculture-focused financial services:
Supply Chain Financing
Blockchain improves visibility into agricultural supply chains, enabling lenders to provide financing with greater confidence.
Carbon Credit Markets
Farmers practicing sustainable agriculture can tokenize verified carbon credits and sell them on decentralized marketplaces.
Weather Data Integration
Smart contracts connected to trusted weather oracles enable automated insurance and risk management products.
Commodity Tokenization
Agricultural commodities such as wheat, rice, coffee, and cocoa could eventually be represented as digital assets for trading and financing.
Benefits of DeFi in Agriculture
The integration of decentralized finance into agriculture offers several advantages:
Greater Financial Inclusion
Farmers without traditional banking relationships may gain access to financial services using only a smartphone and internet connection.
Lower Costs
Removing intermediaries can reduce transaction fees, lending costs, and administrative overhead.
Faster Transactions
Loans, insurance payouts, and international payments can settle significantly faster than conventional financial systems.
Transparency
Immutable blockchain records reduce fraud while improving accountability across agricultural supply chains.
Global Investment Opportunities
Investors worldwide may gain exposure to agricultural assets without geographic limitations.
Challenges That Must Be Addressed
Despite its promise, DeFi adoption in agriculture faces important hurdles.
Regulatory Uncertainty
Many jurisdictions are still developing legal frameworks for tokenized assets and decentralized finance.
Internet Accessibility
Reliable internet access remains limited in many rural farming communities.
Digital Literacy
Farmers need education and user-friendly tools to safely interact with blockchain technology.
Oracle Reliability
Smart contracts depend on accurate external data. Reliable oracle infrastructure is essential for insurance and financing applications.
Volatility
While stablecoins help reduce cryptocurrency price fluctuations, broader crypto market volatility remains a consideration for DeFi ecosystems.
The Road Ahead
The future of agricultural finance may lie in combining blockchain technology, decentralized finance, artificial intelligence, satellite imagery, and IoT sensors into integrated financial ecosystems.
Imagine a future where:
- AI predicts crop yields.
- Satellite data verifies farm conditions.
- Smart contracts automatically issue loans.
- Weather events trigger instant insurance payouts.
- Harvests are tokenized and financed globally.
- Carbon credits generate additional income for sustainable farming.
This vision represents a more connected, transparent, and inclusive agricultural economy.
Conclusion
Agriculture feeds the world, yet millions of farmers remain underserved by traditional financial systems. Decentralized Finance offers a compelling alternative by expanding access to capital, streamlining payments, enabling programmable insurance, and increasing transparency across supply chains.
While challenges around regulation, infrastructure, and adoption remain, the convergence of DeFi and agriculture has the potential to reshape rural finance and strengthen global food systems. By leveraging blockchain technology, farmers could gain greater financial independence, investors could discover new opportunities, and agricultural markets could become more resilient and efficient.
As DeFi continues to evolve beyond digital assets, agricultural finance stands out as one of its most impactful real-world applications—one that could help cultivate a more sustainable and financially inclusive future.
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The Clarity Act is widely viewed as the crypto industry’s most important piece of U.S. legislation, with supporters arguing it would establish clear rules for digital assets, reduce regulatory uncertainty and unlock broader institutional adoption. Analysts say passage would improve market sentiment by giving banks, asset managers and exchanges greater confidence to invest in blockchain infrastructure and expand crypto products.
Bernstein’s analysts said they expect regulators to move more quickly on token classifications, decentralized finance (DeFi) guidance, self-custody rules and innovation exemptions for token issuance, while continuing to support tokenization, crypto derivatives and prediction markets.
The Clarity Act remains strategically important because it would provide permanent regulatory certainty, encourage banks, broker-dealers and exchanges to invest in blockchain infrastructure, clarify the division between securities and commodities oversight and establish a long-term framework for decentralized finance and digital assets regardless of future political administrations, the report said.
Even if the legislation stalls, the broker expects the crypto industry’s political influence to remain strong ahead of the U.S. midterm elections and sees the current downturn ending in late third or early fourth quarter, helped by the prospect of further White House policy support.
For listed companies, failure to pass the bill would preserve the status quo for stablecoin regulation.
Introduction
For much of its history, cryptocurrency has been associated with one thing: speculation. Headlines focused on soaring prices, dramatic crashes, meme coins, and traders chasing the next 100x opportunity. While speculation fueled early adoption and liquidity, it also overshadowed blockchain’s true potential.
Today, that narrative is changing.
The crypto industry is steadily transitioning from a market driven primarily by price movements to one powered by real-world utility. Institutions, governments, businesses, and millions of everyday users are beginning to leverage blockchain technology for payments, financial services, identity, supply chains, gaming, artificial intelligence, and countless other applications.
The next chapter of crypto isn’t about buying low and selling high—it’s about solving global problems.
Between 2017 and 2024, the cryptocurrency market experienced explosive growth largely driven by speculation.
Characteristics of this period included:
- Retail investors chasing rapid gains
- Meme coin booms
- NFT hype cycles
- Leveraged trading
- Frequent market bubbles
- Extreme volatility
Although these cycles attracted millions of new users, they also created the misconception that crypto had little purpose beyond trading.
Ironically, speculation played an important role by funding innovation. Capital flowed into blockchain startups, decentralized applications (dApps), infrastructure providers, and developer ecosystems that are now laying the foundation for real-world adoption.
Instead of asking:
“Which coin will 100x?”
The market is increasingly asking:
“Which blockchain solves real problems?”
This shift marks one of the biggest transformations in crypto’s history.
Utility creates sustainable demand because people use blockchain regardless of market conditions.
Examples include:
- Cross-border payments
- Stablecoin settlements
- Decentralized finance (DeFi)
- Tokenized real-world assets
- Digital identity
- Gaming economies
- Supply chain verification
- Machine-to-machine payments
- AI infrastructure
- Decentralized cloud computing
These applications generate economic activity independent of speculative trading.
Perhaps no crypto product demonstrates utility better than stablecoins.
Millions of users now rely on stablecoins to:
- Send money internationally
- Protect savings from inflation
- Pay freelancers
- Trade digital assets
- Access dollar-denominated finance
- Settle transactions instantly
Businesses increasingly prefer blockchain settlements because they reduce costs while operating 24/7.
Stablecoins have quietly become one of crypto’s most practical and widely adopted use cases.
Decentralized Finance has matured far beyond yield farming.
Modern DeFi enables:
- Lending
- Borrowing
- Decentralized exchanges
- Prediction markets
- Bond issuance
- Treasury management
- Derivatives
- Cross-chain liquidity
- Automated investment strategies
Rather than replacing banks overnight, DeFi is becoming an open financial layer that anyone with an internet connection can access.
For regions with limited banking infrastructure, this represents a major leap toward financial inclusion.
Another major catalyst is the tokenization of real-world assets (RWAs).
Assets such as:
- Government bonds
- Stocks
- Real estate
- Commodities
- Private credit
- Carbon credits
- Intellectual property
can increasingly be represented as blockchain-based tokens.
Benefits include:
- Fractional ownership
- Instant settlement
- Greater transparency
- Lower administrative costs
- Global accessibility
- Improved liquidity
Tokenization is bridging traditional finance and decentralized infrastructure rather than forcing them to compete.
For years, critics argued that crypto was too slow or volatile for everyday payments.
That is changing rapidly.
Modern blockchain networks now offer:
- Near-instant settlements
- Low transaction fees
- Global interoperability
- Mobile wallet integration
- Merchant payment solutions
- Stablecoin-based transactions
Consumers may soon use blockchain without even realizing it, much like most people use the internet today without understanding TCP/IP.
The technology becomes invisible while the experience improves.
Blockchain utility extends beyond finance.
Decentralized identity solutions allow users to control their digital credentials without relying entirely on centralized platforms.
Applications include:
- Educational certificates
- Medical records
- Professional licenses
- Voting systems
- Identity verification
- Digital passports
Privacy-enhancing technologies like Zero-Knowledge Proofs (ZKPs) and Fully Homomorphic Encryption (FHE) are enabling secure verification without exposing sensitive personal information, making blockchain more practical for enterprises and governments alike.
Artificial intelligence increasingly requires decentralized infrastructure.
Blockchain provides:
- Verifiable data
- Transparent payments
- Permissionless marketplaces
- Decentralized compute networks
- Incentive systems
- Trustless coordination
Meanwhile, AI can improve blockchain through:
- Smart contract auditing
- Fraud detection
- Governance analysis
- Automated trading
- Personalized financial tools
Together, AI and blockchain form a powerful foundation for the next generation of digital services.
Institutional adoption has accelerated significantly.
Major financial institutions are exploring:
- Tokenized funds
- Digital asset custody
- Stablecoin infrastructure
- Blockchain settlement systems
- Asset tokenization
- Digital securities
Meanwhile, governments are experimenting with blockchain for:
- Public records
- Tax reporting
- Supply chain management
- Digital identity
- Land registries
- Central Bank Digital Currencies (CBDCs)
The conversation has shifted from “Should we use blockchain?” to “How do we integrate blockchain responsibly?”
Despite significant progress, challenges remain.
The industry must continue improving:
- User experience
- Wallet security
- Regulatory clarity
- Cross-chain interoperability
- Scalability
- Consumer protection
- Education
- Developer tooling
Mass adoption will depend not only on technological breakthroughs but also on making blockchain products simple enough for everyday users.
The future of crypto will likely be measured less by token prices and more by real-world impact.
Success won’t come from speculation alone, but from building systems that people rely on every day.
As blockchain becomes embedded in payments, finance, commerce, AI, gaming, healthcare, and digital identity, users may interact with crypto-powered services without ever thinking about the underlying technology.
That’s often the hallmark of transformative innovation: it fades into the background while making everyday life more efficient.
Final Thought
Crypto is evolving beyond its speculative roots into a global utility layer for the digital economy. While market cycles and price volatility will always be part of the ecosystem, long-term value is increasingly being created through practical applications that improve how people move money, verify identity, access financial services, and exchange value across borders.
The transition won’t happen overnight, but the direction is becoming clear. The next wave of blockchain adoption will be driven not by hype, but by usefulness. And as more industries embrace decentralized technologies, crypto’s greatest achievement may not be creating the next billion-dollar token—it may be quietly becoming the infrastructure that powers the world’s digital future.
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Last week, hackers discovered a five-year-old bug in Coldcard software and used it to drain over 1,158 BTC worth over $72 million from over 2,600 addresses.
By Sunday, the tally rose to 1,359 BTC and continues to rise today.
A rudimentary dashboard is charting the rising number of thefts, with many security experts warning of additional waves of attacks.
The essence of the bug is that, despite claims by Coldcard’s manufacturer and documentation, many of its devices didn’t actually use a true random number generator (RNG) with sufficient entropy to protect users trusting the device to generate private keys and seed phrases.
Instead, the device used a fallback, a pseudo RNG, with far lower entropy.
Unfortunately, trivial amounts of computation can guess these low entropy seed phrases generated by Coldcard devices.
Once in possession of these private keys, a quick scan of the blockchain reveals associated public keys holding BTC, and hackers then steal those funds.
The bug has existed since March 2021, but security researchers only publicly discovered it last week. As theft transactions began, customers and members of the community began to track the horrifying timeline of events.
As brute-force attacks continue to crack private keys, here’s a summary of the series of events that led up to the ongoing catastrophe.
Read more: Crypto wallet seeds crackable with gaming PC via this security flaw
Timeline of the Coldcard hack
6 years ago
November 18, 2020, 19:19 UTC: There are disputed histories and allegations about Coldcard maker Coinkite’s motivation during this time to end its commitment to free and open source software (FOSS).
In any case, by late 2020, Coinkite announced its intention to restrict commercial use of its firmware (on-device software), and by early 2021, the company began migration to a new software license.
It would develop a proprietary library called “libNgU.”
5 years ago
March 1, 2021, 14:03 UTC: Coinkite commits code titled “First pass w/ libNgU,” its final step away from FOSS and moving Coldcard firmware (on-device sofware) onto its proprietary library, libNGU.
5 years ago
March 29, 2021, 19:27 UTC: Firmware 4.0.1 reaches owners as the first public build with the flaw. Coldcard devices shipping with or upgrading to this new firmware would begin generating insecure seed phrases.
The bug of pseudo RNG on versions 4.0.1 and later would persist on Coldcard software for over five years from March 29, 2021 through July 30, 2026.
5 days ago
July 30, 2026, 01:10 UTC: Bitcoin block 960,183 includes the first Coldcard hack transactions from a hacker.
4 days ago
July 30, 2026, 13:19 UTC: A user posts the first widely read account to Reddit, “Full panic — one of my wallets was drained.”
4 days ago
30 July 2026, 17:35 UTC: Kevin Loaec, a BTC security researcher, asks his followers to check their balances. “I’m hearing a potential issue with some Coldcard wallets being drained,” he wrote. “I will not FUD, but would like to get at least reports of trusted people.”
4 days ago
30 July 2026, 18:58 UTC: Less than 90 minutes later, Loaec drops the hedge. “Alright I’m convinced THIS IS NOT A DRILL.”
4 days ago
30 July 2026, 22:50 UTC: The official Coldcard social media account publishes a Mk3-only advisory that has since drawn more than two million views.
It would claim “Mk4, Q and Mk5 are not affected based on our early analysis,” which would later turn out to be false.
On its website, Coinkite formally discloses the vulnerability and quickly publishes a bug patch via firmware 4.2.0.
3 days ago
July 31, 2026, 01:49 UTC: A Block engineer circulates its independent analysis of the incident, which identifies the root cause.
“COLDCARD firmware contains an RNG integration error that causes ngu.random to use MicroPython’s deterministic Yasmarang fallback instead of the STM32 hardware RNG.”
3 days ago
July 31, 2026, 04:54 UTC: Block 960,345 inclues additional theft transactions, which would continue for another four hours.
3 days ago
July 31, 2026, 06:46 UTC: Coinkite posts a technical disclosure widening the scope to its Mk4, Mk5, and Q Coldcard devices.
3 days ago
July 31, 2026, 08:36 UTC: Block 960,369 carries another drain of funds alongside 250 others.
3 days ago
July 31, 2026, 13:19 UTC: Kevin Loaec, another security researcher, warns that more theft transactions are underway.
3 days ago
July 31, 2026, 13:43 UTC: Coinkite releases Mk3 firmware 4.2.0. It emphasizes that the update will fix new private key generations but cannot repair a past, compromised seed phrase.
3 days ago
July 31, 2026, 15:42 UTC: Coinkite co-founder and chief executive Rodolfo Novak apologizes in an open letter. “We take full accountability for the firmware bug and we offer our sincere apologies to those affected.”
3 days ago
July 31, 2026, 16:30 UTC: Bitcoin Core contributor Antoine Poinsot tells his followers the scope is wider than Coinkite initially admitted.
“Coldcard MK3, MK4, MK5 and Q are being drained. A bug lets attackers find your seed phrase without any action on your part.”
3 days ago
July 31, 2026, 16:39 UTC: Coinkite concedes that seed phrases from compromised firmware carry “about 72 bits of entropy rather than the expected 128 bits.”
3 days ago
July 31, 2026, 17:42 UTC: Block engineering lead Clay Garrett claims that an attacker queried source addresses through a paid account at a blockchain data provider, raising the possibility that customer records from the company might assist law enforcement.
“Their internal logs matched the suspected workflow with extraordinary specificity, including the number, timing and sequence of requests.”
4 days ago
July 31, 2026, 18:27 UTC: Chainalysis, a US government contractor and forensic blockchain service, said, “Our team is actively monitoring the exploiter wallet and a consolidation address.”
3 days ago
July 31, 2026, 23:17 UTC: A developer launches a vibe-coded webite as a free dashboard counting the drained BTC. The website is helpful yet incomplete.
2 days ago
August 1, 2026, 12:29 UTC: Security researcher Loaec confirms that hackers are draining newer models. “It’s happening. Mk4, Mk5, Q are now actively drained,” he notes while publishing a detailed incident analysis.
2 days ago
August 1, 2026 18:38 UTC: Galaxy Research estimates ongoing losses from the Coldcard hack exceed 1,367 BTC from 4,585 addresses.
Coldcard contained a true RNG generator that was never properly switched on, so its physical entropy didn’t actually matter for the majority of customers over five years.
Devices fell back to a pseudo RNG generator and produced seed phrases that merely appeared to be secure.
The largest consolidation address belonging to the hacker(s) holds 562 BTC and had not spent outputs. That’s the only good news due to the possibility of that inaction indicating a potential law enforcement apprehension of the perpetrator(s).
Many victims have filed police and FBI reports or similar law enforcement submissions around the globe.
Got a tip? Send us an email securely via Protos Leaks. For more informed news and investigations, follow us on X, Bluesky, and Google News, or subscribe to our YouTube channel.
FIFA President Gianni Infantino has reportedly asked the Trump administration to help him keep his job, arranging a call with Secretary of State Marco Rubio, the New York Post reported Monday.
Polymarket traders price his exit by December 31 at 36.5%, up from roughly 19% a week ago. Almost all of the contract’s lifetime volume arrived in the past seven days.
Why Infantino Thinks Trump Owes FIFA a Favor
The reported ask lands four weeks after FIFA handed the White House a win. Its disciplinary committee cleared Folarin Balogun for Belgium, suspending the striker’s automatic red card ban on probation.
Trump had pushed for the reversal and claimed credit for it publicly.
“Thank you to FIFA for doing what was right, and reversing a great injustice!” Trump wrote on Truth Social.
Rubio is not a cold call. He sat in the Oval Office with Trump and Infantino last November. The occasion was a task force meeting on the World Cup.
FIFA’s bridge into that room is now gone. Carlos Cordeiro, the former Goldman Sachs banker who represented FIFA on the task force, resigned Friday over the sale plan. He had joined Infantino on repeated White House visits.
BeInCrypto could not independently verify the Rubio call, which the Post attributed to two people familiar with it.
Polymarket Traders Price the Fallout
The market read the revolt faster than the headlines did. It still traded near 20% on the afternoon of July 30. That was when all 55 UEFA member associations unanimously backed a boycott.
It broke above 40% the following day, once Infantino’s own executives turned on him. Chief operating officer Kevin Lamour told the Associated Press that staff had been deceived.
“It is the project of one person,” Kevin Lamour, chief operating officer of FIFA, in a statement to the Associated Press.
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Volume backs the repricing. The contract has handled $156,400 since it opened on July 6, and $151,700 of that traded in the past week. Open interest sits near $76,000.
The expiry date shapes how traders read it. The contract pays out only on a departure before December 31, while FIFA’s election falls next March. Challengers have until November 18 to declare, so the market is pricing resignation rather than defeat.
The asset in dispute is large. Cordeiro put FIFA’s revenue at $15 billion over the World Cup cycle. Josh Kushner’s fund offered $4.2 billion for 20% of a new FIFA subsidiary.
Crypto already has a claim on that value. The tournament drove $20 billion in World Cup prediction volume, Chainalysis found. FIFA’s own collectibles platform cleared at least $6 million in fees.
Whether Rubio’s call buys Infantino anything should show up in the odds before it shows up in a FIFA statement.
The post Infantino Wants to Collect on Trump’s World Cup Favor but Polymarket Says He’s 36% Out appeared first on BeInCrypto.
Miller’s previous controversies
Before being elected to the House in 2022, Miller spent six years in the Marine Corps Reserve. He also previously served in Trump’s first-term Administration, including as a senior advisor to the President.
Politico and the Washington Post have previously reported on Miller’s run-ins with the law as a young adult, including charges, which were later dismissed, for underage drinking, assault, disorderly conduct, and resisting arrest.
From 2019 to 2020, Miller dated Stephanie Grisham, a White House press secretary during Trump’s first-term Administration. Grisham has also accused Miller of abuse: she wrote in a 2021 op-ed for the Post and in a memoir the same year, without naming Miller, that her relationship with a White House staffer had “turned abusive” and that she had told Trump himself about her former partner who had “anger issues and a violent streak.”
The partner was later identified as Miller, who then sued Grisham for defamation, though he voluntarily dropped the suit in 2023 as part of a confidential settlement agreement.
BlackRock, the world’s largest asset manager, has expanded its tokenized cash platform, introducing a couple of new tokenized money market products, the firm said on Monday.
Back in May of this year, BlackRock filed for the new products with the U.S. Securities and Exchange Commission (SEC).
BlackRock is offering onchain shares of the BlackRock Select Treasury Based Liquidity Fund (BSTBL), a tokenized share class on Ethereum for an existing BlackRock money market fund. In addition, a new BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV) has also been unveiled with daily dividend reinvestment and access across multiple blockchains, said BlackRock in a press release.
Both funds intend to qualify as eligible reserve assets for permitted U.S. payment stablecoin issuers under the GENIUS Act, the asset manager said.
The move deepens BlackRock’s push into tokenized finance, blockchain-based representations of traditional financial assets such as funds, bonds or equities. Advocates say the technology can speed up settlement, enable round-the-clock trading and improve transparency.
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