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Crypto World

Solana Community Lead Tacks UK By-Election With On-Chain Transparency Pitch

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Crypto Breaking News

Stephen “Cap” Newnham, a prominent figure in the Solana community through the UK-based group Superteam UK, says he will run as an independent candidate in the Aug. 13 parliamentary by-election in Clacton. The move puts a blockchain-leaning platform into a race already defined by controversy surrounding Reform UK leader Nigel Farage’s finances and parliamentary disclosures.

Newnham announced on July 9 that he would stand independently and later laid out five campaign pledges. They include support for local entrepreneurs, education focused on digital and artificial intelligence skills, financial literacy initiatives, and—most notably—an onchain-style transparency agenda alongside a promise that pension holders should be able to choose where their retirement funds are held.

Key takeaways

  • Solana community leader Stephen “Cap” Newnham will contest the Aug. 13 Clacton by-election as an independent, following his July 9 announcement.
  • His platform includes “onchain political transparency” and publishing donations and meetings “in plain English and onchain,” though it does not outline pension-law changes.
  • Newnham’s pension pledge focuses on existing options—such as SIPPs and small self-administered schemes—rather than proposing blockchain management of pension assets.
  • The by-election is closely watched due to scrutiny of Farage’s decision to trigger a new vote after parliamentary standards concerns about alleged undeclared crypto-linked gifts.
  • A national Ipsos poll showed 33% prefer satirical candidate Count Binface over 21% for Farage, but it did not measure views among Clacton residents specifically.

Newnham’s pledges: transparency and pension self-direction

In posts shared to X on Tuesday, Newnham described five campaign pledges for the Clacton contest. According to the same series of announcements, the independent candidate also said his campaign would publish donations and meetings in “plain English” and onchain.

One pledge—“You should own your pension”—argues that savers should have control over where retirement assets are held. The campaign’s framing points to existing UK pension structures, including self-invested personal pensions (SIPPs) and small self-administered schemes, which allow individuals to direct investments rather than leaving asset allocation entirely to a provider.

However, the campaign materials provided so far do not specify a role for blockchain technology in the day-to-day management of pension assets, nor do they propose any legislative changes to pension rules. A blockchain-based record system could potentially make published information harder to tamper with after the fact, but it would not automatically guarantee that every political donation or meeting has been fully disclosed in the first place.

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Cointelegraph said it reached out to Newnham for additional detail on the proposals but had not received a response by publication.

From Solana ecosystem to UK election stage

Newnham’s candidacy is rooted in the Solana ecosystem through his work with Superteam UK. The linked Superteam UK description says the group was established to help retain technical talent in Britain by supporting founders and developers building on Solana, arguing that some entrepreneurs leave the country for better funding and startup opportunities abroad.

His LinkedIn profile, referenced in the article, states that he studied economics at the University of Edinburgh before joining the Solana ecosystem. It also notes that he leads Superteam UK and co-authored a report on blockchain and the future of work with Coinbase’s “Stand With Crypto” campaign and the DLT Science Foundation.

While the election entry brings crypto-adjacent themes into mainstream politics, the platform as described emphasizes public-facing transparency and financial education more than direct technical policy claims. Investors and users who follow blockchain projects may still view the pledges as an attempt to translate crypto concepts—particularly auditability and record-keeping—into political disclosure norms.

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Farage’s scrutiny remains the race’s central storyline

Newnham’s candidacy lands in a by-election triggered after Farage resigned from Parliament on Wednesday and chose to contest the Clacton seat again. The renewed race is tied to a parliamentary standards investigation into whether Farage should have declared a £5 million personal gift, reported to have been made by crypto investor Christopher Harborne.

Farage has said he was not required to declare the gift because it was received before he entered Parliament. Still, the broader narrative includes additional allegations and scrutiny—according to earlier coverage referenced by Cointelegraph—over reported financial support from crypto entrepreneur George Cottrell and claims that financial relationships overlapped with Farage’s digital asset advocacy. Farage has denied wrongdoing and said he complied with parliamentary rules.

This matters beyond politics: when disclosures involving crypto-connected figures become part of public accountability debates, it can shape how regulators, lawmakers, and donors view compliance expectations around digital assets. For the crypto sector, the practical question is whether disclosure norms will be tightened, clarified, or interpreted differently in response to ongoing challenges to transparency.

Poll signals unusual voter attention, but local preferences remain unknown

The contest has attracted an eclectic mix. At the time of writing, Democracy Club lists 11 prospective candidates for the Clacton by-election, including Newnham, Farage, and the satirical candidate Count Binface. The council is not expected to confirm the official field until July 17.

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A Friday Ipsos survey of 1,000 British adults found that 33% would prefer Count Binface to win, compared with 21% for Farage. The same survey also suggests that the by-election’s attention extends beyond typical party competition. But the poll did not measure voting intentions specifically among Clacton residents.

For analysts and campaign teams, that distinction is crucial. National sentiment can be influenced by awareness, media coverage, and novelty—especially in a contest where satire and controversy coexist—without necessarily predicting turnout or preferences in the constituency itself.

Democracy Club’s candidate listing is available here: https://candidates.democracyclub.org.uk/elections/parl.clacton.by.2026-08-13/. Ipsos’ findings were reported here: https://www.ipsos.com/en-uk/british-public-more-likely-prefer-count-binface-wins-clacton-election-nigel-farage.

With the candidate list still pending confirmation and scrutiny around Farage’s disclosures continuing to frame the narrative, the next key developments to watch are whether Newnham provides further specifics on how his onchain transparency pledge would work in practice, and how voters in Clacton respond once the official field is finalized and local campaigning intensifies.

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CleanSpark Stock Soars 22% After $6.6B Georgia Data Center Deal

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Crypto Breaking News

CleanSpark shares jumped sharply on Tuesday after the Bitcoin miner disclosed a long-term deal that ties up large-scale power and real-estate capacity for a new data center in Georgia. The company said it signed a 20-year triple-net lease for a 175-megawatt facility at its Sandersville, Georgia campus—one of the clearest examples yet of miners moving beyond pure block-reward economics and into broader digital infrastructure.

The agreement, CleanSpark said, is expected to generate about $6.6 billion in contracted revenue over the initial 20-year term, with revenue rising to $11.6 billion if the tenant exercises two five-year extension options. The tenant will install computing infrastructure on-site, and phased deliveries are expected to start in the fourth quarter of 2027.

Key takeaways

  • CleanSpark announced a 20-year triple-net lease for a 175-megawatt data center at its Sandersville, Georgia campus.
  • The company estimates $6.6 billion in contracted revenue over the initial term, potentially increasing to $11.6 billion with two five-year extensions.
  • Infrastructure deliveries are expected to begin in Q4 2027, giving the project a multi-year timeline rather than near-term revenue.
  • The announcement highlights how miners are responding to post-halving margin pressure by securing longer-duration capacity demand—particularly from AI and high-performance computing.
  • CleanSpark is also positioning itself as a continuing Bitcoin holder even as it diversifies into data-center business lines.

A data-center play built around contracted capacity

CleanSpark’s stated objective is to broaden its revenue base while leveraging the industrial footprint it already controls. Under the lease terms, a tenant—described by CleanSpark only as an undisclosed “investment-grade global technology company”—will deploy computing infrastructure at the Sandersville site, with phased delivery starting in the fourth quarter of 2027.

Triple-net lease structures typically place more operating-cost responsibilities on the tenant, which can matter to investors focused on predictability. Even so, the timing underscores a central point for the market: this is not a near-term catalyst designed to instantly offset mining volatility. Instead, it is a long-dated demand commitment that can strengthen CleanSpark’s infrastructure narrative as AI compute requirements drive new buildouts.

Why miners are chasing new revenue after the halving

Miners have been under renewed financial strain since the 2024 Bitcoin halving, when block rewards declined and competitive pressure tightened. CleanSpark’s own recent results reflect how sensitive mining economics remain to Bitcoin price movements and operating margins.

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In March, the company reported a fiscal second-quarter net loss of $378 million, with nearly 60% attributed to a drop in Bitcoin’s price. Earlier, in February, CleanSpark also sold a portion of its BTC holdings—an indication that liquidity and balance-sheet flexibility continue to play a role in how miners fund operations and expansion plans.

Still, CleanSpark’s approach appears less aggressive than some peers. Cointelegraph previously reported that publicly traded miners sold roughly 15,000 BTC between October and the end of February, even as the sector struggled with margins and liquidity needs. Against that backdrop, CleanSpark has remained a net accumulator while simultaneously exploring ways to monetize its infrastructure beyond mining.

Equities react as the market prices diversification

Tuesday’s announcement translated into immediate stock momentum. CleanSpark shares reached an intraday high of $15.10 before paring gains during the U.S. lunch hour. At the time of reporting, the stock was up about 11%, while the CoinShares Bitcoin Miners ETF (WGMI) was up less than 1%.

That divergence suggests investors are treating the data-center lease as something more than routine corporate expansion. For equity holders, the appeal is straightforward: contracted infrastructure revenue can, in theory, reduce dependence on the day-to-day volatility of mining economics. It also positions CleanSpark within the broader “digital infrastructure” stack that increasingly benefits from high-performance computing demand.

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What’s next for CleanSpark and the infrastructure thesis

Even with the long-term lease in place, mining performance and BTC exposure remain central to how the company is valued. CleanSpark is expected to report fiscal Q3 results on Aug. 6, with analyst consensus calling for a loss of $0.25 per share versus earnings of $0.79 in the year-ago period, according to Yahoo Finance. The company has also missed Wall Street estimates in each of the last three quarters.

Going forward, investors will likely watch whether CleanSpark can convert its infrastructure plans into measurable financial improvements over time—while also continuing to manage the impact of Bitcoin price swings and ongoing pressure on miner margins. The lease provides a longer runway, but the key test will be execution: tenant commitments, delivery milestones expected to begin in Q4 2027, and whether the company’s diversification meaningfully cushions future mining results.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Binance bets on becoming a crypto ‘super app’ as stablecoins reshape growth

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Binance bets on becoming a crypto 'super app' as stablecoins reshape growth

Binance believes its next phase of growth will come from payments and financial services rather than cryptocurrency trading alone, as stablecoins reshape how people use digital assets, according to Shunyet Jan, the exchange’s head of spot trading and derivatives business.

In an interview with CoinDesk on Binance’s ninth anniversary, Jan outlined the strategy as Binance and shared a glimpse of the platform’s future priorities.

“We’re trying to not just be a crypto exchange, but be a super app that involves payment,” Jan said. “If you think of us as a payment provider, then that number becomes much bigger.”

Jan said Binance’s new strategy reflects how people are increasingly using cryptocurrencies beyond trading. While trading remains at the core of Binance’s business, he said stablecoins are increasingly being used for payments and transfers, creating a larger market than trading alone.

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“I don’t think it’s really leveled off,” Jan said. “What’s happened is that a lot of it is driven by stablecoin usage.”

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Ripple XRP Gains Attention After SWIFT Blockchain Expansion

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XRP price chart showing sell setup with Bollinger bands and trade notes.

SWIFT moved its blockchain-based shared ledger into live operational use, naming 17 pioneer banks for 24/7 tokenized cross-border payments. Its payments framework lists more than 30 institutions with existing Ripple XRP ties.

The SWIFT pilot is nine months in the making and represents a decisive escalation from prototype to production. The 17 pioneer banks are live on a blockchain-based shared ledger that coordinates tokenized deposits rather than public cryptocurrencies, giving the participating institutions 24/7 settlement capability.

SWIFT’s native ledger settles in tokenized bank deposits, not XRP. The token is not embedded in the standard payment flow and is not required in SWIFT’s native ledger/payment flow.

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XRP price chart showing sell setup with Bollinger bands and trade notes.

However, the indirect connection runs through Ripple’s On-Demand Liquidity product, which uses XRP as a bridge asset for instant settlement, but that route depends on how banks deploy Ripple’s liquidity services.

What the SWIFT move does confirm is that the financial industry’s direction of travel aligns with the model Ripple has been building toward for years: always-on, programmable settlement that eliminates pre-funded nostro accounts in each destination currency.

Don’t Miss Out on Our $1,000 USDT Airdrop on ByBit

Ripple XRP Ties, SWIFT Development

The more than 30 banks named in SWIFT’s wider payments framework with existing Ripple relationships are a set beyond the 17 live pilot participants. The overlap is not specified. Being listed in SWIFT’s framework does not mean those institutions have activated ODL or routed any liquidity through XRP.

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Many currently use RippleNet purely for messaging, without touching the token. The upgrade path from messaging to liquidity provisioning is where actual XRP demand materializes, and that transition remains at the bank’s discretion.

SWIFT has also signaled its next phase explicitly, describing its ambition to become a platform for programmable money and agentic commerce. SWIFT is aiming for a world where payments execute automatically when conditions are met without manual authorization per transaction.

Ripple’s institutional positioning has been reinforced in parallel. The company joined SWIFT earlier in 2026, enabling direct global bank access and unified management of fiat and crypto flows. It has also partnered with Kyobo Life Insurance for real-time tokenized government bond settlement.

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Ripple’s institutional credibility has benefited from regulatory engagement in Europe, a prerequisite for the institutional adoption the SWIFT partnership.

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What Has to Change for XRP to Capture the Structural Upside

The SWIFT development is a credibility event for Ripple’s ecosystem, not a demand event for XRP. The token’s upside from here is conditional on whether banks use On-Demand Liquidity routes using XRP in live payment corridors, creating real settlement demand. Without that, the SWIFT-Ripple connection remains structural alignment rather than token adoption.

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Near term, the case hinges on institutions moving beyond messaging into using XRP-enabled liquidity for tokenized cross-border payments. Ripple’s parallel institutional build, including its positioning on the UK’s wholesale digital markets taskforce, suggests the regulatory environment is moving in the right direction for that decision to become easier.

XRP’s fate tracks Bitcoin’s strength and broader altcoin sentiment. A sustained rise in Bitcoin dominance above 59% would likely extend pressure on XRP and other alts; the cleanest signal is that dominance staying elevated. The SWIFT narrative is real Ripple structural progress, but structural progress that does not yet mandate XRP demand trades differently from one that does.

Discover: The Best Crypto to Diversify Your Portfolio

The post Ripple XRP Gains Attention After SWIFT Blockchain Expansion appeared first on Cryptonews.

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American retirees use ETH AI auto trading via MoneySimpler to earn $58,500 stable passive income monthly

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American retirees use ETH AI auto trading via MoneySimpler to earn $58,500 stable passive income monthly

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

As interest in AI-driven investing grows, platforms like MoneySimpler are attracting retirees seeking automated digital asset management and trading tools.

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Summary

  • MoneySimpler gains attention as US retirees explore AI-powered crypto trading for automated digital asset management.
  • MoneySimpler highlights AI-driven crypto trading tools as more investors seek automated income solutions.
  • AI trading platform MoneySimpler attracts interest from retirees seeking simplified digital asset investment options.

In the United States, many retirees are starting to look into digital asset investments, hoping to generate additional income beyond their fixed pensions and alleviate the pressure of daily expenses.

Instead of engaging in high-risk, blind speculation, they chose platforms like MoneySimpler. The platform features AI-powered automated trading, with returns settled daily. By participating in the  ETH market through smart trading strategies, users can earn up to $1,950 in passive income in a single day.

As artificial intelligence and digital finance continue to mature, this investment approach, which requires no manual monitoring and is fully automated, is gradually gaining favor among more and more American investors.

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American retirement planning professionals and major financial media outlets have all noted that MoneySimpler is now a highly popular cryptocurrency investment platform in the private wealth management sector. The platform boasts transparent processes, compliant operations, and stable returns, providing Americans with a reliable new option for planning their retirement.

What is MoneySimpler?

Founded in 2020 and headquartered in the UK, Money Simpler is a cryptocurrency cloud AI automated trading company regulated by the Financial Conduct Authority (FCA) and operated by MONEY LINKS LTD. (FRN: 921139).

The platform provides users with automated digital asset trading services through AI market analysis and automated strategy execution, supporting mainstream digital assets such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP).

It covers 150 countries and regions, hasover 3 million registered users, manages over $2 billion in assets, and holds 1,717 Bitcoins and 35 million Ripple to ensure liquidity.

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This means users can participate in cloud AI automated trading in an automated and standardized manner within a compliant and secure framework and earn daily cash settlements.

Why are more and more US retirees choosing to join MoneySimpler?

US retirement plans are primarily based on long-term investments in tax-advantaged accounts such as 401(k)/IRA, but the real purchasing power of many retirement funds has been eroded by prolonged low interest rates and inflationary pressures.

The regulated MoneySimpler offers a digital financing pathway focused on automation and stable cash flow.

Retirees can get started by depositing a small amount of money into supported crypto assets such as XRP or BTC.

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MoneySimpler provides pre-designed trading strategies by a professional team. Its AI system continuously analyzes the market and automatically executes trades in digital assets such as BTC, ETH, and XRP. It continuously optimizes trading efficiency through intelligent algorithms and automated execution to achieve sustained returns.

MoneySimpler uses AI intelligent algorithms, preset trading strategies, and risk hedging as its core to generate passive income through automated trading, daily settlement, and automatic accounting.

How to get started?

Step 1 | Register an Account

Visit MoneySimpler and click “Register”. New users receive a $10 registration bonus and can experience the profit model.

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Step 2 | Deposit Assets

Supported currencies: BTC / ETH / USDT (TRC20/ERC20) / XRP / BNB / USDC / ADA / SOL / DOGE / BCH / LTC, etc. Please select a familiar currency for deposit.

Step 3 | Activate Hashrate Contracts

Starting at $100, investors can choose a suitable contract level based on their funds and time constraints. The system will automatically execute trades; no programming or monitoring is required.

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Featured Contracts Showcase:

Basis Arbitrage Strategy: Invest $100, 2-day cycle, daily return of $4; total return at maturity is $100 principal + $8 profit.

Digital Asset Trend Following Strategy 2.25: Invest $600, 7-day cycle, daily return of $7.62; total return at maturity is $600 principal + $53.34 in returns.

Digital Asset Trend Following Strategy 2.2: Invest $1,000, 10-day cycle, daily return of $13.2, total return at maturity is $1,000 principal + $132 profit.

Crypto Statistical Arbitrage Strategy 2.6: Invest $5,000, 20-day cycle, daily return of $71; total return at maturity is $5,000 principal + $1,420 in returns.

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Cross-Exchange Arbitrage Strategy 3.6: Invest $10,000, 30-day cycle, daily return of $162, total return at maturity is $10,000 principal + $4,860 in returns.

Crypto Statistical Arbitrage Strategy 2.55: Invest $97,000, 45-day cycle, daily return of $1,891.5, with a total return at maturity of $97,000 principal + $85,117 in returns.

For more contract details, please visit the MoneySimpler official website. Once the contract is activated, the system will automatically execute trades without any technical configuration required.

Step 4 | Daily Settlement and Withdrawals/Reinvestment

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Once the contract takes effect, earnings will be settled daily. Withdraw or reinvest at any time to create an automated digital cash flow.

A previous USA Today report mentioned:

MoneySimpler integrates traditional, mature financial risk control models with blockchain technology, making it a highly representative platform in the digital transformation of retirement financial planning in the United States.

Dr. Arthur Hamilton, a renowned industry researcher, stated:

“MoneySimpler’s operations are compliant and standardized, and its profit payment rules are open and transparent. In the domestic retirement savings sector, it is a digital asset management platform highly regarded by many.”

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An ordinary investor who has lived in New York for many years and is retired shared his genuine experience:

“I no longer have to worry about my retirement savings slowly depreciating. MoneySimpler’s stable daily returns provide reliable financial security for my later years.”

Daily passive income plan for US retirees

With volatile market conditions and persistent inflation eroding the purchasing power of Social Security pensions, many American retirees are struggling to cover their retirement expenses. MoneySimpler offers a compliant, worry-free, and automatically accruing digital asset income stream specifically designed for US retirees. It’s more than just a simple investment tool; it’s a wealth management approach that makes asset management easy: no need to constantly monitor the market, allowing idle assets to operate continuously, with daily returns automatically credited to an account, steadily supplementing retirement income.

Visit MoneySimpler now to convert ETH or BTC into a stable $58,500 monthly passive income, providing added security for retirement.

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Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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Watch Fed Chairman Kevin Warsh testify live to House Financial Services committee

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Watch Fed Chairman Kevin Warsh testify live to House Financial Services committee

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.]

Federal Reserve Chairman Kevin Warsh speaks Tuesday to the House Financial Services Committee as part of the congressionally mandated semiannual monetary policy report.

The central bank leader’s appearance comes the same day the Bureau of Labor Statistics reported that consumer prices fell an unexpectedly sharp 0.4% in June, easing some worries among policymakers about inflation.

In remarks prepared for the appearance, Warsh promised a vigilant fight to return inflation to the Fed’s 2% target.

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“The members of our Committee have no tolerance for persistently elevated inflation. And we share a resolute commitment to restoring price stability,” he said.

Read more
Warsh promises inflation will be a ‘thing of the past,’ cites benefits of AI investment boom
Fed officials were split on direction of interest rates at last meeting, minutes show
Warsh faces multiple alternative inflation signs as Fed charts new course

Subscribe to CNBC on YouTube. 

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JCB Signs Circle MOU to Explore USDC Payments in Japan

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JCB Signs Circle MOU to Explore USDC Payments in Japan

Japan’s largest domestic payment network, JCB, has signed a memorandum of understanding with Circle to explore using USDC for cross-border payments and merchant transactions.

Under the memorandum, the companies will initially explore using USDC for JCB’s internal cross-border fund transfers through a proof of concept, while also evaluating stablecoin payments at merchants in Japan for international visitors. The companies said they will also assess technologies that support interoperability across multiple blockchain networks.

The agreement builds on a separate initiative JCB launched in January with Digital Garage and Resona Holdings to test stablecoin payments at physical stores in Japan. That project focuses on identifying technical and operational challenges to bringing stablecoin payments to domestic merchants.

Beyond the initial proof of concept, JCB and Circle said they will evaluate additional applications for stablecoin infrastructure aimed at cross-border payments and merchant services, though they did not provide a timeline for commercial deployment.

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USDC is the world’s second-largest stablecoin by market capitalization, with a circulating supply of about $73 billion, behind Tether’s USDT at roughly $184 billion, according to DefiLlama data.

Source: DefiLlama

Related: USDC issuer Circle wins final approval for US national trust bank charter

Japan accelerates stablecoin payment adoption

The agreement adds to a growing number of stablecoin payment initiatives announced in Japan this year, as companies test blockchain-based payment and settlement systems across retail and corporate use cases.

In June, Circle and Japan’s largest investment bank, Nomura, were reported to be developing a stablecoin-based foreign exchange settlement service for Japanese companies. The service would allow businesses to convert yen into USDC for cross-border transactions and near-instant settlement.

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On Monday, convenience store operator Lawson announced plans to test yen-denominated stablecoin payments at a Tokyo location beginning in August, while Japanese payments company Netstars launched a merchant payment service supporting USDC, USDT and JPYC across the Solana and Polygon blockchains.

Japan was among the first major economies to establish a legal framework for stablecoins, allowing banks, trust companies and licensed money transfer providers to issue fiat-backed tokens under amendments to the Payment Services Act that took effect in 2023.

The country has also been advancing broader digital asset reforms. In June, the Lower House passed a bill that would classify crypto assets as financial instruments, potentially opening the door to crypto exchange-traded funds and bringing the sector under stricter market rules.

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Ethereum Price Analysis: Will ETH Finally Break the $1.85K Barrier?

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Ethereum has stabilized after its sharp correction from the $2.4K May highs, with the price attempting to build momentum beneath major resistance. Both the daily and 4-hour charts suggest buyers are gradually regaining control, although confirmation will require a decisive breakout above the current supply zone. The futures market’s aggressive positioning is also pointing to an interesting situation.

Ethereum Price Analysis: The Daily Chart

On the daily timeframe, ETH continues to recover after breaking out of the long-term descending channel that had capped the price action for several months. Following the breakout, the market experienced a deep retracement toward the $1.5K demand region before buyers stepped back in aggressively.

The rebound has brought ETH back into the $1.85K resistance zone, which now serves as the first major obstacle. This area also aligns closely with the higher channel resistance, creating a strong technical confluence that explains the recent consolidation.

The 100-day and 200-day moving averages remain overhead near the $2K to $2.2K region, indicating that the broader trend has not fully shifted bullish yet. Until those averages are reclaimed, the recovery should still be viewed as a corrective move within a larger neutral-to-bearish structure.

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Momentum has improved noticeably, with the RSI recovering above 50 after rebounding from oversold conditions. However, the indicator remains below overbought territory, suggesting there is still room for continuation if buyers can overcome current resistance.

A successful breakout above $1.85K could expose the next resistance zone around $2K to $2.2K, where both major moving averages converge. On the downside, losing the $1.5K support would likely lead to a prolonged bearish trend.

ETH/USDT 4-Hour Chart

The lower timeframe presents a more constructive picture. Ethereum has been trading inside a rising channel, producing a sequence of higher lows while repeatedly testing the overhead supply zone between roughly $1.8K and $1.85K.

The ascending lower trendline continues to provide dynamic support, with every pullback attracting buying interest before reaching the broader support area near $1.7K. This suggests buyers remain active despite repeated rejection from resistance.

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The price is currently compressing between rising support and horizontal resistance, creating conditions for an eventual breakout. Such structures often precede a volatility expansion, making the current range particularly important.

A confirmed move above $1.85K would likely trigger renewed bullish momentum toward the psychological $2k level and potentially the $2.2K region. Conversely, a breakdown below the rising trendline could invalidate the short-term bullish structure and expose the $1.71K support zone, followed by the broader $1.63K order block if selling pressure accelerates.

The 4-hour RSI remains around neutral territory, reflecting balanced momentum after cooling from recent highs. This supports the view that the market is waiting for a catalyst before choosing its next directional move.

Sentiment Analysis

The Taker Buy Sell Ratio remains below the neutral 1.0 threshold, indicating that aggressive sellers continue to slightly outweigh aggressive buyers across futures exchanges. Historically, readings below one reflect cautious market sentiment and reduced conviction from bulls.

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However, the 30-day moving average of the ratio has turned higher after recovering from recent lows, suggesting selling pressure has gradually eased. Although buyers have not yet established clear dominance, the improving trend points to strengthening demand beneath the surface.

If the ratio continues climbing toward and eventually above 1.0 while ETH breaks above the $1.85K resistance area, it would provide additional confirmation that buyers are regaining control. Until then, the sentiment data supports a cautiously optimistic outlook rather than signaling a fully confirmed bullish trend.

The post Ethereum Price Analysis: Will ETH Finally Break the $1.85K Barrier? appeared first on CryptoPotato.

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Mizuho turns bearish on stablecoin issuer Circle, citing Open USD competition

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Circle (CRCL) may rally another 60% driven by stablecoin adoption, AI agentic finance: Bernstein

Japanese investment bank Mizuho downgraded Circle (CRCL) to underperform from neutral and slashed its price target to $50 from $85, arguing that OpenUSD’s business model threatens the stablecoin issuer’s long-term economics.

Circle shares were trading 0.6% lower at $62.63 at publication time.

Open USD, a dollar-backed stablecoin unveiled June 30 by the Open Standard consortium, “could fundamentally alter CRCL’s business model, which relies on retaining a large portion of the treasury yield to drive revenues,” analysts led by Dan Dolev said in the Tuesday note to clients.

The consortium counts more than 140 partners, including Mastercard (MA), Stripe, Coinbase (COIN) and BlackRock (BLK).

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USDC has also lost momentum in recent months, with its circulating supply falling to about $73 billion from nearly $80 billion in March. The decline comes as the stablecoin market has shrunk by roughly $10 billion since May amid softer crypto trading activity and growing competition from newly regulated issuers.

Unlike Circle’s USDC model, which captures reserve income before sharing a portion with partners such as Coinbase and Binance, Open USD charges a small operating fee and distributes most reserve income to issuers and distributors, the analysts said.

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U.S., UK move to align rules for tokenized finance across world’s largest financial markets

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U.S. Treasury to propose demands that stablecoin firms be set to police bad transactions

The United States and the United Kingdom have laid out a plan to make it easier for tokenized financial products to move between their markets, signaling that both governments want blockchain-based finance to become a bigger part of mainstream capital markets.

Released Tuesday by the U.S. Department of the Treasury and HM Treasury, the recommendations from the Transatlantic Taskforce for Markets of the Future focus on reducing regulatory friction that could slow the growth of tokenized securities, stablecoins and other digital assets operating across both countries.

The report sets out 10 recommendations covering digital assets and traditional capital markets.

On the digital asset side, governments propose creating an industry-led working group to test cross-border tokenization projects, coordinate the regulation of tokenized securities, and support the development of cross-border stablecoins. They also want to review global banking standards for cryptoassets and build policy frameworks that allow stablecoins, tokenized bank deposits and other forms of digital money to coexist.

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The two governments also issued a joint statement backing cross-border stablecoin activity, stating that the private sector will play a central role in developing digital money and payment systems.

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Cathie Wood defies AI bubble alarm with fresh SpaceX stock buy

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Space Exploration Technologies Corp. (SPCX) stock chart showing shares trading at $140.69, up 1.11% during the Nasdaq session.

Cathie Wood has expanded ARK Invest’s position in SpaceX with a new $21.3 million purchase even as fresh warnings about a potential AI-driven market bubble have unsettled investor sentiment.

Summary

  • Cathie Wood’s ARK Invest bought another $21.3 million worth of SpaceX shares despite the stock’s recent decline.
  • The purchase comes as a U.S. Treasury draft report warns that an AI downturn could pose risks beyond the technology sector.
  • Analysts remain divided, with some warning AI valuations are overheating while BlackRock trims direct AI exposure.

According to data from Yahoo Finance, SpaceX stock continued its recent slide on Monday, July 13, closing at $139.14, down 4.24% for the session. It has since recovered modestly, trading around $140.69 during Tuesday’s session.

Space Exploration Technologies Corp. (SPCX) stock chart showing shares trading at $140.69, up 1.11% during the Nasdaq session.
Source: Yahoo Finance

According to ARK Invest’s daily trading disclosures, the firm bought 130,241 shares of SpaceX across its ARK Innovation ETF (ARKK), ARK Autonomous Technology & Robotics ETF (ARKQ), and ARK Next Generation Internet ETF (ARKW). The combined purchase was valued at about $21.3 million.

As reported by crypto.news earlier, the latest transaction extends ARK Invest’s buying campaign during SpaceX’s post-listing decline.

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Last month, the investment manager acquired about $32.5 million worth of SpaceX shares after the stock fell more than 16% from its post-IPO peak. That followed an investment of roughly $444.3 million across four ETFs on the company’s Nasdaq debut on June 12.

ARK Invest keeps adding despite technical weakness

With the latest decline, SpaceX shares have slipped below the $150 level that previously served as an important price area. Notably, $145 has now become a key resistance level after earlier acting as support.

This continued selling could push the stock below its $135 IPO price if bearish pressure remains. SpaceX shares rebounded after ARK Invest bought about $52 million worth of stock during an earlier buying round last week.

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Technical indicators, however, continue to paint a cautious picture. The MACD indicator has turned negative, suggesting bearish momentum is still active and could make it harder for the stock to recover above $150 in the near future.

Treasury report outlines AI-related market risks

While ARK Invest increased its exposure to SpaceX, attention has also turned to a draft report from the U.S. Department of the Treasury examining risks tied to the rapid expansion of artificial intelligence.

Drawing on research by career-focused researchers at the University of Texas at Austin, cited by NOTUS, the report said AI companies are now more deeply connected to the U.S. economy than internet firms were during the dot-com era.

According to the report, any sharp downturn in the AI sector could spread beyond technology stocks into private credit, semiconductor manufacturers, cloud service providers, electric utilities, and businesses financing large-scale data center construction.

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The Treasury report did not predict that such a downturn is imminent. Instead, it described a downside scenario in which AI companies fail to deliver the productivity gains and profitability currently expected by investors.

Under those conditions, the report said investment growth could slow, investor confidence could weaken, and economic expansion could lose momentum. It also identified supply chain disruptions, geopolitical tensions, electricity shortages, and financing constraints for data center infrastructure as additional risks.

Meanwhile, market observers continue to debate whether AI valuations have become stretched. In a recent Substack post, Bernstein and Cummings argued that the performance of leading AI stocks indicates the bubble is “still inflating.”

They also wrote that major technology companies are committing so much capital to AI that their cash reserves are shrinking, while technology investment has climbed to nearly 5% of U.S. GDP, exceeding levels seen during the dot-com era.

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A different approach has emerged at BlackRock. According to comments from BlackRock analyst Rick Rieder, the asset manager is reducing exposure to companies whose businesses are centered on artificial intelligence and instead increasing focus on firms expected to benefit indirectly from AI demand.

One example he cited was Bitcoin miner TeraWulf, which has signed a 20-year agreement with Anthropic to host one of the company’s data centers.

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