Here are today's top crypto market breaking news stories ¹ ²:
- *US Senate Passes GENIUS Stablecoin Bill*: The US Senate passed the GENIUS stablecoin bill in a 68-30 vote, which will now move to the House of Representatives for further consideration. This bill aims to establish a regulatory framework for stablecoins.
- *SEC Extends Review Period for Franklin Templeton's Solana & XRP ETF*: The SEC has extended the review period for Franklin Templeton's Solana and XRP ETF proposals, pushing the deadline to late July. This move indicates the SEC's cautious approach to approving cryptocurrency-based ETFs.
- *JPMorgan Pilots JPMD Token on Ethereum L2 Base*: JPMorgan has initiated a pilot program for its JPMD token on the Ethereum layer-2 platform Base. The JPMD token is designed to facilitate transactions and potentially compete with stablecoins.
- Pump.fun and Founder Return to X Following Account Suspension: Pump.fun and its founder have resumed activity on X after a brief suspension. The platform's return has brought attention back to meme coins and trading activity.
- *Solana Summer Loading? ETF Approval Odds Surge to 60%*: The odds of Solana ETF approval have increased to 60% by July 31, sparking interest in SOL and related assets. This development could potentially boost Solana's price and market activity.
- *Ripple Files Supplemental Letter to Support Motion in XRP Lawsuit*: Ripple has submitted a supplemental letter to support its motion in the ongoing XRP lawsuit. This move demonstrates Ripple's efforts to strengthen its case against the SEC.
- *BlackRock's Bitcoin ETF Sees $50 Billion Inflows*: BlackRock's Bitcoin ETF has reached $50 billion in inflows, with its IBIT share price jumping 4%. This milestone highlights the growing institutional interest in Bitcoin.
- *a16z Invests $70 Million in EigenLayer*: a16z has invested $70 million in EigenLayer, a decentralized finance (DeFi) protocol. This investment will support EigenLayer's growth and development in the DeFi space.
