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Ray Dalio Recommends 15% Allocation in Bitcoin and Gold

Ray Dalio, founder of Bridgewater Associates, advised investors to allocate 15% of their portfolios to Bitcoin and gold.

He sees this as a response to the growing risk associated with U.S. debt and the long-term devaluation of fiat currencies.

Dalio views these assets as a hedge against the instability of the traditional financial system.

JPMorgan Considering Bitcoin-Backed Loans

Reports indicate that JPMorgan Chase is planning to allow clients to take out loans secured by Bitcoin.

This initiative is seen as a major step toward integrating Bitcoin into mainstream financial services.

Anthony Scaramucci, founder of SkyBridge Capital, called the potential move a "big deal" for the market.

Interactive Brokers Exploring Its Own Stablecoin

Thomas Peterffy, founder of Interactive Brokers, confirmed the company is exploring the launch of its own stablecoin.

This is part of a broader strategy to expand into digital assets amid easing U.S. regulations.

The firm joins a growing list of financial institutions, including JPMorgan and Citigroup, looking into stablecoins.

FIS and Circle Form USDC Partnership

Financial technology firm FIS has partnered with Circle, the issuer of the USDC stablecoin.

The collaboration aims to facilitate USDC transactions for U.S. financial institutions through integration with FIS infrastructure.

This solution will give FIS clients easier access to and use of stablecoins in their operations.

Canadian Company Shifts Strategy to Accumulate BNB Reserves

Canadian company CEA Industries, previously operating in the e-cigarette sector, announced a strategic pivot.

It plans to transform into a company that accumulates BNB as its primary reserve asset.

The change is backed by an entity affiliated with a Binance co-founder.

Hyperscale Data Begins Acquiring XRP

Hyperscale Data (GPUS) announced it has begun purchasing XRP.

This is part of a previously announced plan to allocate up to 10 million USD for XRP acquisitions.

The investment is part of the firm’s broader strategy to build reserves in digital assets.

Bitcoin Mining Firm MARA Raises 950 Million USD for Further Acquisitions

Bitcoin mining company Mara Holdings raised 950 million USD through a private convertible bond offering.

The funds will be used to increase Bitcoin reserves and for other corporate purposes.

Mara is one of the world’s largest publicly traded Bitcoin mining firms.CheckDot is SAFU research on CheckDot 🤝

**CRYPTO REPORT: The Last 24 Hours in the Crypto Market in 60 Seconds**

**EL SALVADOR SUSPECTED OF FAKING BTC PURCHASES TO SECURE IMF LOAN**

* Reports have emerged that El Salvador secretly halted Bitcoin purchases in February 2024.
* This decision allegedly coincided with the signing of a $1.4 billion loan agreement with the International Monetary Fund (IMF).
* The allegations suggest the country may have misled the IMF about its Bitcoin strategy in order to obtain financing.

**US-EU TRADE DEAL BOOSTS CRYPTO MARKET**

* The US administration and the European Union have reached a breakthrough trade agreement, positively impacting market sentiment.
* The deal, aimed at avoiding new tariffs, eased concerns over a global trade conflict.
* In response, major cryptocurrencies, including Bitcoin, recorded noticeable price increases.

**SIX CRYPTO GIANTS SEEK BANKING LICENSES IN THE US**

* Companies like Ripple, Circle, and Fidelity are among six digital asset firms awaiting federal banking licenses.
* Obtaining such a license would allow them to conduct banking operations across the United States.
* This process is enabled by relaxed regulations from the Office of the Comptroller of the Currency (OCC).

**MONERO THREATENED BY 51% ATTACK FROM RIVAL PROJECT**

* Qubic, a competing blockchain project, has announced plans to take control of over 51% of Monero's network hashrate.
* The planned attack, set for August 2, could allow transaction blocking or double-spending of the XMR cryptocurrency.
* This represents an unprecedented threat to the security of one of the leading privacy-focused cryptocurrencies.

**US SENATORS OPPOSE CRYPTO-BACKED MORTGAGE LOANS**

* A group of US senators is warning against a federal initiative allowing the use of cryptocurrencies to apply for mortgage loans.
* Lawmakers argue that integrating volatile digital assets into the housing finance system poses a risk.
* This opposition reflects growing political resistance to deeper integration of crypto with traditional finance.

**NUMBER OF WALLETS ON THE XRP LEDGER HITS RECORD HIGH**

* The XRP Ledger network has reached a historic milestone, surpassing 7.24 million active wallets.
* This growth is driven largely by the increasing popularity of decentralized finance (DeFi) in the XRP ecosystem.
* These figures indicate accelerating adoption and increased activity on the network.

**OSL GROUP RAISES $300 MILLION AHEAD OF HONG KONG REGULATORY CHANGES**

* OSL Group, a digital asset platform based in Hong Kong, has raised $300 million in equity funding.
* This is the largest publicly disclosed funding round for a crypto firm in Asia to date.
* The event comes just before new stablecoin regulations are set to take effect in Hong Kong on August 1.

**MICROSTRATEGY OFFERS BITCOIN-BACKED PREFERRED STOCK**

* MicroStrategy (MSTR) is launching a new financial product—$2 billion worth of preferred stock backed by Bitcoin reserves.
* The new security, named Stretch Preferred Stock (STRC), offers an annual dividend of 9 percent.
* This is an innovative approach that leverages Bitcoin reserves to create a stable income-generating instrument for investors.

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