1. U.S. House Advances Crypto Legislation in ‘Crypto Week’ Vote
After a 10-hour debate, the U.S. House of Representatives green-lit three major crypto bills (the GENIUS Act, CLARITY Act, and Anti‑CBDC Act), clearing them for final voting. This progress—driven by Speaker Mike Johnson and President Trump—could soon bring comprehensive regulatory frameworks for the crypto industry as Bitcoin hovers above $120K .
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2. Bank of America Set to Launch Its Own Stable coin
Bank of America CEO Brian Moynihan confirmed that the bank is actively developing a USD‑pegged stablecoin, testing client demand and collaborating with other institutions. Morgan Stanley and Citigroup are also exploring similar initiatives, signaling a full-scale banking embrace of digital currencies .
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3. ChinaAMC Launches First RMB‑Denominated Tokenised Money Fund
China Asset Management’s Hong Kong branch unveiled the world’s first tokenised money market fund denominated in Chinese yuan. This marks a tokenised shift in mainstream finance, complementing Hong Kong’s upcoming stablecoin regulations set for August 1 .
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4. India Sees Record $150–200M Inflows Amid Bitcoin Rally
As Bitcoin nears all-time highs, Indian crypto exchanges—CoinDCX, Coinswitch, Mudrex, and Zebpay—have recorded a surge of $150–200 million in net inflows over the past week. This highlights growing retail enthusiasm in one of the fastest-growing crypto markets .
