Wendy

The Government of Argentina has achieved yet another victory in restoring the country to its former economic glory. Milei’s libertarian proposals and austerity measures have led to the largest economic growth since 2022, with private consumption also on the rise.
Official Data Shows Argentina’s Growth Keeps Breaking Records
Argentina continues to post positive economic figures despite still facing some headwinds. According to official data prepared by the national statistics institution INDEC, the country experienced a growth of its Gross Domestic Product (GDP) of 5.8% during the first quarter, outgrowing other larger, more dynamic economies of the world.
The figure reinforces the positive effects of Javier Milei’s austerity and deregulation policies, as well as the outcome of partially lifting the currency controls that had been in place in Argentina for more than a decade.
Two key elements supported the country’s growth, managing to surpass China’s figures, which grew by 5.4% during the same period. The first is the increase in consumption, which rose 11.8% compared to 2024’s Q1, marking an all-time high for this index. This also surpassed the figures posted in the previous quarter, reinforcing a continued trend.
Investment figures also posted very positive results, rising by close to 32%, reaffirming the revival that Argentine markets have experienced both locally and internationally.
Exports also grew 7.2%, reaching the highest level for the first quarter and the third highest number ever.
Economy Minister Luis “Toto” Caputo highlighted that these milestones were achieved without emergency measures and by fulfilling the state’s commitments. “All this in a context of collapsing inflation and a restructuring of relative prices. Without defaults, without breaching contracts, and with a well-capitalized Central Bank,” he remarked.
Caputo refers to the dwindling inflation registered in May, which reached 1.5%, registering its lowest mark since May 2020. The figures were a confirmation of the success of the monetary policy of Milei’s administration, which managed to contain price expansion while incentivizing private consumption and investment.
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Powell made the remarks on Wednesday during his second day of testimony before the U.S. Senate’s Committee on Banking, Housing, and Urban Affairs.
Bitcoin Rises as Powell Acknowledges Crypto’s Mainstream Adoption
U.S. Federal Reserve Chairman Jerome Powell was on the hot seat for the second day in a row, this time in front of the U.S. Senate’s Committee on Banking, Housing, and Urban Affairs, where he acknowledged that crypto is no longer a dodgy industry that should be shunned but rather a promising innovation that is “maturing” and “becoming much more mainstream.” The broader crypto market inched up 0.10% on the news, while bitcoin rose 1.38%, trading as high as $108K in the morning.
Powell was conducting his Semi-annual Monetary Policy Report to the Congress, where he testifies before the House and the Senate twice a year. Cynthia Lummis, Wyoming’s Republican Senator and so-called “Crypto Queen,” blasted Powell for his role in Operation Choke Point 2.0, a Biden-era effort to debank the crypto industry. She acknowledged that the Fed is now more receptive to digital assets but also challenged Powell on language contained in Section 9(13) of the Federal Reserve Act.

The language in the act states that “issuing tokens on open, public, and/or decentralized networks, or similar systems is highly likely to be inconsistent with safe and sound banking practices.” Given Powell’s softer stance on crypto, Lummis asked him how his views had changed and whether the language in the act, which was adopted by the Federal Reserve Board in 2023, would be taken out.
“What has changed is that if you go back, that’s a couple of years ago, that was a period of high-profile failures and fraud,” Powell explained. “What has happened is that the industry is maturing, our understanding of it is improving, and in a sense it’s becoming much more mainstream.”
Regarding striking out the negative language in the act, Powell appeared non-committal and told Lummis he would get back to her.
Overview of Market Metrics
Powell’s remarks weren’t the only reason for bitcoin’s positive performance today, but they certainly helped. The cryptocurrency traded between $105,359.97 and $108,168.40 and is currently priced at $107,364.36 at the time of reporting, a 1.25% gain since yesterday and a 3.05% increase over the past week. However, trading volume fell by 14.25% to $51.05 billion despite the bullish momentum.

Bitcoin’s total market capitalization rose to $2.13 trillion, up by 1.39% since yesterday. BTC dominance climbed to 65.72%, a significant 0.71% increase and the highest it has been since January 2021.

Futures markets showed total BTC open interest jumping 4.85% to $73.31 billion, according to Coinglass data. The derivatives market paints a positive picture for bulls over the last 24 hours. Roughly $71.39 million in bitcoin positions was liquidated. Bears’ short liquidations totaled $60.46 million and long liquidations were a relatively smaller $10.93 million.
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A federal judge dealt a major setback in the high-stakes XRP case, rejecting Ripple’s deal with the SEC and enforcing the full penalty and legal restrictions.
Judge Rejects Ripple-SEC Agreement, Upholding Full Penalty and Legal Restraints
U.S. District Judge Analisa Torres ruled on June 26 that Ripple Labs cannot dissolve a court-imposed injunction or reduce its $125 million civil penalty stemming from the sale of XRP.
The U.S. Securities and Exchange Commission (SEC) and Ripple jointly asked the court to vacate its 2024 Final Judgment, which permanently enjoined Ripple from violating Section 5 of the Securities Act. Both parties aimed to settle their ongoing appeals, proposing a significant reduction in Ripple’s penalty and elimination of the legal restraint. However, Torres dismissed the motion, emphasizing that final judgments must remain unless extraordinary circumstances justify relief. In her order, she stated:
The parties’ motion for an indicative ruling is DENIED.
Ripple had argued that the court should endorse a post-judgment settlement agreement, contingent on reducing its penalty and lifting the injunction. The SEC had originally sought nearly $1 billion but accepted a reduced amount after the court found Ripple had unlawfully sold XRP to institutional investors.
Despite Ripple’s claims of reform and intent to comply, Judge Torres found no legal basis for undoing the ruling. She explained that Ripple and the SEC can only lawfully remove the injunction and penalty through an appeal. She clarified that only an appellate court can vacate a final judgment, not a private agreement, and said the legal standard for doing so is high—one she found neither Ripple nor the SEC had met.
“The Court respects the freedom of parties to amicably resolve their disputes. It is also true that the SEC, like any other law enforcement agency, has discretion to change course after an enforcement action is initiated,” she stated. Noting that her final judgment found a violation of an Act of Congress in a manner that required a permanent injunction and civil penalty to prevent future violations, she stressed:
But the parties do not have the authority to agree not to be bound by a court’s final judgment … the parties must show exceptional circumstances that outweigh the public interest or the administration of justice … They have not come close to doing so here.
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Nasdaq-listed Chinese tech firm Aurora Mobile plans to convert up to 20% of its cash reserves into bitcoin and other digital assets, joining the wave of public companies turning to crypto for treasury diversification.
China-Based Aurora Mobile Joins Growing List of Crypto Treasury Adopters
Aurora Mobile (Nasdaq: JG), a Shenzhen-based marketing technology firm, has become the latest publicly traded company to embrace crypto as part of its treasury strategy. The company’s board has approved a plan to convert up to 20% of its cash and cash equivalents into digital assets, including bitcoin, ether, solana, and sui.
The move is aimed at “preserving and enhancing asset value while supporting its strategy to expand market coverage,” according to the company’s statement.
As of its most recent earnings report, Aurora holds approximately $15.8 million (113.6 million yuan) in cash, suggesting that it may allocate up to $3 million into crypto investments.
Aurora’s announcement aligns with a broader trend of companies adopting bitcoin and other cryptocurrencies as reserve assets. Aurora’s stock jumped in pre-market trading following the announcement, underscoring investor enthusiasm for crypto-aligned strategies.
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The SEC’s extended deadline gives broker-dealers a critical buffer to overhaul systems, streamline daily reserve computations, and capitalize on new digital asset custody flexibility.
SEC Pushes Back Reserve Computation Rule Deadline for Broker-Dealers
The U.S. Securities and Exchange Commission (SEC) announced on June 25 that it is extending the compliance deadline for its amended Rule 15c3-3 from the original date of Dec. 31, 2025, to a new deadline of June 30, 2026. The rule, known as the Customer Protection Rule, requires certain broker-dealers to shift from weekly to daily computations of customer reserve requirements—a significant operational change aimed at improving financial safeguards.
SEC Chairman Paul S. Atkins explained the rationale behind the delay:
The days of unreasonable deadlines have passed. By extending this compliance date, we are giving broker-dealers additional time to implement daily computation under Rule 15c3-3.
“I am pleased the Commission agrees that additional time is necessary to allow broker-dealers to avoid operational challenges with meeting the initial compliance date,” he added.
This rule impacts broker-dealers handling customer assets classified as securities, which includes digital asset securities. In a pivotal move in May 2025, the SEC withdrew its 2019 Joint Statement, which had imposed rigid conditions on broker-dealers seeking to custody digital asset securities. The withdrawal allows firms to establish control over these assets using Rule 15c3-3(c) compliance methods, even if the assets are uncertificated. Control can now be demonstrated through qualified custodians, such as banks, simplifying custody arrangements for digital asset securities.
Notably, the requirement does not apply to all digital assets—only those considered securities under U.S. law. This means that non-security digital assets, such as bitcoin, are excluded from the rule’s reach. “This extension will provide more time for broker-dealers to make any necessary systems or operational changes to implement a daily computation requirement and test their new daily processes for compliance,” the SEC concluded.
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The cryptocurrency has recovered from the tumble caused by the Middle East conflict nearly two weeks ago, but it’s been mostly flat since yesterday.
BTC Mostly Flat as Stocks Soar
The tech-focused Nasdaq index reached a record closing on Tuesday, rallying all the way to 22,190.52, and the S&P 500 is also hovering mere inches away from its own all-time high, but bitcoin appears to have stalled at $107K after rebounding from the sub-$100K prices seen right after the start of the Israel-Iran war on June 13.
Stock markets have shown surprising resilience in the face of compounding macroeconomic adversity. First it was tariffs, then it was the Fed’s reluctance to cut rates, and most recently it has been the unfolding conflict in the Middle East which still isn’t fully resolved.

But despite fears of a global trade war after the Trump administration introduced its controversial tariff policy and the possibility of a spike in oil prices after Israel and the U.S. attacked Iran, stock markets have continued to rally. Bitcoin however, has been on the sidelines, holding steady at $107K.
Overview of Market Metrics
Bitcoin was trading at $107,217.18 at the time of reporting, down slightly by 0.15% over the past 24 hours. The price has moved within a relatively narrow range of $106,666.35 to $108,305.54 since yesterday. The cryptocurrency remains up 2.77% on the week.

Trading volume over 24 hours slipped 15.46% to $44.03 billion, indicating cooling market activity. Bitcoin’s total market capitalization edged lower to $2.13 trillion, down 0.16% from yesterday. BTC dominance however, has been rising for the past few days and currently stands at 65.91%, a 0.30% gain from yesterday.

BTC futures open interest dipped slightly by 0.72% to $73.82 billion, and Coinglass liquidation data shows a grand total of $42.75 million in liquidations. Roughly $27.45 million of that was from bearish short positions and the rest, $15.30 million, was from overeager longs.
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Bitcoin is trading at $107,059, with a market capitalization of $2.12 trillion and a 24-hour trade volume of $27.75 billion. The digital asset has seen an intraday range between $105,030 and $107,219, indicating modest volatility amid signs of recovery across multiple timeframes.
Bitcoin
From the daily chart, bitcoin has staged a notable rebound from a recent low of $98,240, recovering past $106,000 after a sharp selloff that brought heavy volume. The subsequent bullish engulfing candlestick pattern signals a potential continuation of upward momentum. Support remains solid at $98,240, with resistance near the $112,000 mark. While buyer volume remains cautious, the price structure suggests strengthening control by bulls.

On the 4-hour chart, bitcoin is forming a classic V-shaped recovery, rallying from $98,240 to $107,277. The trend exhibits a healthy bullish structure, defined by higher highs and higher lows, supported by increased buying volume and waning selling pressure. The recent pullback levels near $104,500–$105,000 may serve as optimal entry zones, which were prior resistance levels turned into support. Continuation toward $108,000 appears likely if this structure holds, with risk mitigation placed below $103,000 in case of trend invalidation.

The 1-hour BTC/USD chart reveals a short-term bullish flag forming within a gradual uptrend. Although volume has tapered off slightly, the consolidation above $106,000 hints at a potential breakout. If the price breaches the $107,300 level with volume confirmation, scalpers might target moves toward $108,000–$108,500. Caution is warranted below $106,200, where an intraday bullish structure would likely be compromised.

Oscillators remain mostly neutral across all readings, with the relative strength index (RSI) at 56, Stochastic at 69, and commodity channel index (CCI) at 54. The average directional index (ADX) stands at 17, suggesting a weak trend. While momentum supports a buy signal at 1,447, the moving average convergence divergence (MACD) level shows a bearish -19, aligning with some short-term hesitation. These readings reflect a mixed sentiment that may tilt bullish with a confirmed breakout.
Moving averages (MAs) paint a broadly bullish picture. All major averages — including the exponential moving averages (EMA) and simple moving averages (SMA) across 10, 20, 30, 50, 100, and 200 periods — currently issue bullish signals. The 10-period EMA at $105,051 and 10-period SMA at $104,607 affirm short-term momentum, while the 200-period EMA and SMA at $93,942 and $96,056, respectively, highlight longer-term strength. This convergence across multiple timeframes strengthens the bullish outlook for bitcoin, though close attention should be paid to volume and price confirmation around key resistance levels.
Bull Verdict:
The alignment of all key moving averages with bullish signals across short- and long-term timeframes, coupled with a successful rebound and formation of higher lows, suggests bitcoin is positioned for a continuation toward $112,000. If volume supports a breakout above $107,300, momentum may accelerate, validating the broader uptrend and reinforcing a bullish stance.
Bear Verdict:
Despite the recovery, neutral oscillator readings and a bearish moving average convergence divergence (MACD) hint at potential exhaustion in the current rally. If bitcoin fails to break above $107,300 and slips below the $106,000 support, it risks retesting lower levels, with downside pressure potentially dragging it back toward the $102,000–$101,500 range.
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The tech giant has achieved a 20-fold reduction in the computing resources required to break modern cryptographic algorithms such as Rivest-Shamir-Adleman (RSA).
NYDIG Warns: Google’s Quantum Research Could Endanger Bitcoin
Bitcoin innovation firm New York Digital Investment Group (NYDIG) published an article on Friday discussing Google’s recent quantum computing breakthroughcapable of breaking RSA encryption using only one million quantum bits (qubits), down from 20 million qubits just a few years ago. Although the development doesn’t put Bitcoin at risk, NYDIG warns that it’s only a matter of time before the cryptocurrency’s security becomes vulnerable to quantum computer attacks.
RSA is one of the most widespread encryption algorithms in modern communications. It’s used in web browsers, virtual private networks (VPNs), email, and many other areas. It relies on the mathematical difficulty of factoring large numbers, but in 1994, a little-known mathematician by the name of Peter Shor crafted an algorithm that can theoretically break RSA encryption if implemented by a sufficiently powerful quantum computer.

In 2019, Google concluded that a computer capable of such an attack would require 20 million qubits. But just last month, the tech giant announced that recent technological advancements have whittled down the required processing power to only one million qubits. Even then, no such computer exists right now. Current quantum computers have anywhere from 100 to 1,000 qubits. As for Bitcoin, it doesn’t even use RSA, but that doesn’t mean the cryptocurrency won’t be at risk in the future.
“Bitcoin uses the Elliptic Curve Digital Signature Algorithm (ECDSA) or Schnorr for digital signatures,” the NYDIG article states. Schnorr signatures are a simpler and more efficient alternative to ECDSA. “Nevertheless, ECDSA and Schnorr would likely be vulnerable to QCs sometime in the future,” the article adds.
Fortunately, work on post-quantum cryptography (PQC) is already in full swing and multiple PQC digital signatures already exist. While many in the Bitcoin community disagree on whether quantum computers pose an imminent threat to the cryptocurrency’s security, everyone is on the same page about the inevitability of replacing Bitcoin’s current signature schemes. But that upgrade will come at a cost.
“Practically speaking, these algorithms produce much larger keys and signatures and require more time to sign and verify,” the NYDIG article explains. “This would impact Bitcoin’s performance, block space efficiency, and ultimately how users interact with the network.”
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For crypto traders and futures market participants, Binance has solidified its position as the world’s leading platform for Bitcoin (BTC) and Ethereum (ETH) perpetual futures.
With a commanding 30% market share in Bitcoin perpetual futures—translating to approximately $9.8 billion in open interest—Binance outshines all competitors, especially during periods of intense market volatility. This dominance makes it the go-to destination for traders seeking reliability, liquidity, and profitability.
Why Binance Stands Out
In a market where price swings can happen in an instant, Binance delivers unmatched performance with:
Unrivaled Market Depth and Liquidity: With the highest open interest among exchanges, Binance ensures seamless entry and exit from trades, even during the wildest market movements.Competitive Trading Costs: Low fees maximize your profits, making it ideal for frequent traders.Lightning-Fast Execution: Cutting-edge technology guarantees instant order processing, giving you the edge in critical moments.Trader Confidence: The massive open interest reflects the trust traders place in Binance’s stability, liquidity, and efficiency.
The Data Speaks for Itself
According to CryptoQuant, Binance leads the pack in open interest for both BTC and ETH perpetual futures:
For Bitcoin, Binance holds a 30% share of total open interest, leaving competitors in the dust.For Ethereum, the platform continues to dominate with exceptional liquidity and trader trust.
Open interest (OI) is more than just a number—it’s a key indicator of market activity and confidence. A higher OI means more traders are actively participating, and Binance is where the action happens.
Real-World Proof from Recent Market Moves
Think back to the recent BTC and ETH rallies or dips in 2025. Traders have shared how Binance’s stability and deep liquidity allowed them to capitalize on opportunities, even during sudden market reversals. These real-world examples highlight why Binance is the preferred platform for navigating volatility.
Act Now and Trade with the Pros
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Conclusion
Binance isn’t just an exchange—it’s your trusted partner in conquering the crypto market. With its leading position and superior advantages, it transforms volatility into opportunity.
Don’t wait—sign up today and experience the Binance difference!
This article is for informational purposes only. The information provided is not investment advice
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Kraken’s MiCA license unlocks seamless access to 30 European markets, fueling its expansion with unified compliance, elevated trust, and a powerful edge in regulated crypto services.
With MiCA License, Kraken Unifies European Crypto Compliance and Broadens Reach
Regulatory clarity in the European Union has opened the floodgates for licensed crypto expansion, offering major players a gateway to 30 Economic Area member states. Cryptocurrency exchange Kraken announced on June 25 that it has secured a license under the European Union’s Markets in Crypto-Assets Regulation (MiCA) from the Central Bank of Ireland (CBI).
This authorization enables Kraken to operate regulated crypto services across the entire EEA bloc. The company described the move as transformational for its regional footprint:
This marks a pivotal milestone in our European expansion, unlocking the ability to scale faster across the region by offering regulated services and engaging directly with clients across all 30 EEA member states.
Kraken already maintains Virtual Asset Service Provider (VASP) registrations in markets like France, Belgium, and Spain, but the MiCA license brings cohesion and reach to its previously fragmented compliance framework.
The firm emphasized the strategic importance of this regulatory recognition. Co-CEO Arjun Sethi stated:
Being the first major global crypto platform to receive authorization from the CBI affirms Kraken’s commitment to building for the long term.
He added that securing approval from such a stringent regulator is “a powerful signal of Kraken’s commitment to expanding the crypto ecosystem through responsible innovation.” This license aligns with existing MiFID and EMI approvals already held by Kraken, positioning the firm to broaden offerings in areas such as derivatives, payments, and institutional-grade services across the continent.
By adhering to MiCA’s uniform standards, Kraken enhances user trust with stronger consumer protections, increased transparency, and enhanced oversight. As debates continue over crypto’s regulatory risks, Kraken’s regulatory path underscores how harmonized frameworks can support scale while reinforcing investor safeguards.
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Matt Cronin, senior national security advisor at A16z (Andreessen Horowitz), proposes relaunching capitalism as a system by grouping government and industry to achieve common goals. Cronin states that this is the only way to battle China’s centralized order, which threatens the U.S.
A16z Proposes New Purpose-Led, Industry-Aligned Capitalism to Beat China
Industry giants believe that the current approach of the U.S. will not be sufficient to keep the country at the lead in the current economic warfare context with China. Matt Cronin, senior national security advisor at A16z (Andreessen Horowitz), has recently proposed to relaunch the current capitalist system to overcome what he calls a Chinese “existential threat.”
Cronin alleges that, under the current system, the U.S. is being significantly surpassed by China, which has tools that the U.S. cannot leverage, including centralized controls and subsidies that make Chinese companies hard to beat.
To fight this existential threat, “free enterprise and government must function symbiotically.” This means the U.S. must come back to the drawing board to align its capitalistic system with industry policies designed to aid the country in this economic fight.
To this end, the state might have to resort to tools of statecraft that might be considered separate from the capitalist system, including grants, tax breaks, and regulatory relief measures to industries considered crucial to win this metaphorical standoff.
In the same way, the U.S. must apply controls against Chinese companies to protect its national markets. For this, Cronin proposes applying measures to enact relevant restrictions to “any state-backed national champion operating in strategic sectors and benefiting from intellectual property theft, lawfare, or covert state support.”
A third element for recovering U.S. leadership includes reintroducing market principles into its defense industrial base, dynamizing its defense procurement systems. Also, Cronin calls for rebuilding an international coalition based on the values of capitalism and democracy, offering expedited access to U.S. markets and exports to these allies.
He is optimistic about the future, recognizing that this objective can be achieved if incentives align. “Our history shows that when capitalism and democracy work in concert, America achieves extraordinary feats. It is time to do so again, summoning the full strength of a united republic to meet the defining challenges of our time,” he concluded.
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Chinese authorities are ramping up efforts to enhance the international status of the yuan and reduce reliance on the U.S. dollar, particularly as confidence in the dollar wanes.
Dollar Decline Aids Yuan
China is intensifying efforts to elevate the yuan’s international standing and challenge the U.S. dollar’s global dominance, seizing an opportune moment as international confidence in the greenback falters. Beijing’s aim is to diversify global currency use even as the dollar remains the world’s predominant currency.
Beijing’s ambition to internationalize the yuan is buoyed by exceptionally favorable market conditions. The U.S. dollar index has plummeted by more than 9% this year, while the offshore yuan has strengthened by over 2% against the weakening dollar.
The report that China is now actively growing yuan acceptance globally comes amid increasing efforts by the so-called Global South to de-dollarize. Championed primarily by Russia after it was slapped with Western sanctions, the de-dollarization campaign has encouraged countries opt to settle trade with their own currencies. There has also been talk of launching an alternative reserve currency, but no concrete steps towards attaining this goal have been made.
Although China has been sympathetic to the de-dollarization cause, the country has until recently largely avoided openly seeking to replace the dollar with its currency. However, this appears to be changing, as evidenced by People’s Bank of China Governor Pan Gongsheng’s recent speech, in which he discussed “how to weaken excessive reliance on a single sovereign currency.”
Gongsheng also revealed plans for a new center dedicated to digital yuan internationalization in Shanghai and a push to promote trading of yuan foreign exchange futures. This builds on China’s existing rollout of a digital yuan designed to replace some physical cash.
Chinese Capital Controls Remain a Hindrance
According to a CNBC report, much of China’s recent strategy centers on expanding access to its futures market. To illustrate, recently, three major Chinese exchanges announced that qualified foreign institutional investors can now trade 16 additional futures and options contracts, including commodities like natural rubber, lead and tin. This follows dozens of other tradable futures contracts added for foreign investors earlier this year, according to Zhou Ji, a macro foreign exchange innovation analyst at Nanhua Futures.
Zhou emphasized that these expansions broaden hedging options for international institutions. They also amplify the yuan’s influence within the global commodity pricing system. In another step to encourage yuan usage, the Shanghai Futures Exchange is exploring a proposal to allow foreign currencies as collateral for yuan-settled trades.
Other incremental but significant steps include permitting qualified foreign investors to participate in on-exchange exchange-traded fund options trading for hedging purposes starting Oct. 9. Earlier this year, authorities also reportedly waived a $70 (500 yuan) fee for international financial institutions opening local accounts for bond market access.
However, while global financial institutions are keen to diversify into China, concerns over the country’s strict capital outflow controls are believed to have hindered large-scale buying of mainland Chinese assets.
Meanwhile, besides investment products, China has systematically built a vast network of offshore yuan clearing banks and championed its cross-border interbank payment system. A recent U.S. Federal Reserve analysis indicated a growing trend of Chinese banks lending to emerging market economies in yuan rather than U.S. dollars, partly driven by lower lending costs.
Despite these efforts, the yuan saw a slight decline in international use in May, dropping to 2.89% of transactions by value, according to Swift’s RMB Tracker. The U.S. dollar, in contrast, accounted for 48.46% of global payments, followed by the euro at 23.56%.
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The Central Bank of Brazil is now focusing on updating and redefining the accounting rules for digital assets held by companies. A new regulatory draft outlines the rules for assets issued by the same company, received, or held in custody, and it will be subject to public consultation.
Central Bank of Brazil to Hold Consultation on Digital Assets Accounting Practices
As more institutions start holding digital assets, governments around the world are redefining the way that these assets are accounted for. The Central Bank of Brazil is ready to issue a public consultation on a regulatory draft that updates the treatment of these assets from an accounting standpoint, depending on their origins.
The proposed ruleset differentiates the accounting treatment of these assets depending on several factors. If the assets were acquired or received, the assets will have to be recognized at the price paid, and there will be updates to these numbers based on the fair value of the assets in the markets.
Regarding these assets, the draft states:
After initial recognition, virtual assets acquired or received must be measured at fair value, at least monthly, computing the appreciation or depreciation against the appropriate revenue or expense account, in the result of the period.
These rules would apply to assets received as reward for providing validation services – staking- and also for assets received as reward -airdrops.
There is a different treatment for digital assets issued by financial institutions, which depends on the specifics of the asset itself. If the assets are designed to deliver some kind of rewards, they will be considered as liabilities and subject to the rules concerning financial instruments.
Finally, if the institution provides custody services, the assets must be recorded at their fair value with a monthly reevaluation of their fair value.
The consultation is set to start on August 24, and the rules will be changed before being adapted according to the feedback received. This year, the bank also conducted an open consultation process regarding the regulation of Virtual Assets Service Providers (VASPs) and stablecoins.
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Russia is fast-tracking a nationwide digital currency revolution, mandating banks and major retailers to adopt the digital ruble in a sweeping payments system overhaul.
Digital Ruble Rollout Accelerates With Mandatory Integration Deadlines
A sweeping overhaul of Russia’s retail payments sector is on the horizon as the digital ruble, Russia’s central bank digital currency (CBDC), edges closer to full-scale adoption with newly proposed deadlines. Tass reported June 25 that the Bank of Russia submitted a phased rollout plan to the State Duma requiring banks and merchants to comply with digital ruble regulations startingSept. 1, 2026.
Initially, the country’s largest banks must enable clients to transact in the digital national currency, while major retailers—those earning over 120 million rubles ($1.9 million) annually and banking with these institutions—will be required to process payments in digital rubles. The central bank was quoted as saying that from Sept. 1:
Trade companies that are clients of the largest banks and whose revenue for the previous year exceeds 120 million rubles ($1.9 mln) will have to open their infrastructure for digital rubles and enable payments for goods and services in the digital national currency.
Additional deadlines extend the compliance obligation to other entities. Universal license banks and their merchant clients with annual turnover above 30 million rubles must integrate digital ruble systems by Sept. 1, 2027. All remaining banks and sellers—excluding those with revenue below 5 million rubles—must follow suit by Sept. 1, 2028. The Bank of Russia noted these timelines were set after consultations with ministries, agencies, and industry players, ensuring adequate time for technical adjustments.
Russia’s central bank digital currency rollout, initially set for July 2025, was postponed to mid-2026 due to technical and regulatory challenges. The central bank of Russia cited the need for further consultations with banks and the development of an economically viable model for clients as reasons for the delay.
The digital ruble will operate via a universal QR code system powered by the National Payment Card System. Banks must be ready for this QR-based infrastructure by Sept. 1, 2026, with specific connection schedules determined by the central bank’s board. Though this signals tighter regulatory oversight and digitization of commerce, crypto advocates caution that state-controlled digital currencies reduce user autonomy and innovation compared to decentralized alternatives.
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Bitcoin ETFs added another $589 million to their coffers, marking an impressive 11th straight day of inflows, with Blackrock’s IBIT once again dominating. Ether ETFs also stayed in positive territory with a $71.24 million net gain.
Crypto Funds Ride Institutional Momentum as Bitcoin and Ether ETFs Stay in the Green
Momentum in the crypto exchange-traded fund (ETF) space remained unshaken on Tuesday, June 24, as bitcoin ETFs locked in their 11th consecutive day of net inflows, drawing a total of $588.55 million. Even more telling, institutional confidence appears concentrated, as Blackrock’s IBIT alone absorbed $436.32 million, accounting for nearly 75% of the day’s activity.
Following IBIT, Fidelity’s FBTC pulled in a strong $85.16 million, while Ark 21Shares’ ARKB netted $43.85 million. Additional support came from Bitwise’s BITB ($9.76 million), Grayscale’s Bitcoin Mini Trust ($7.49 million), and Vaneck’s HODL ($5.97 million). Trading activity remained robust with $3 billion in daily volume, lifting total net assets for bitcoin ETFs to $130.28 billion.

Meanwhile, ether ETFs continued their winning streak with a $71.24 million net inflow, despite some friction. Blackrock’s ETHA dominated, posting $97.98 million in inflows. However, Fidelity’s FETH saw a sizable $26.74 million outflow, slightly tempering the overall bullish print. Still, ether ETF volume stayed healthy at $562.18 million, with net assets climbing to $9.87 billion.
As digital assets trend upward, ETFs are proving to be a reliable barometer of institutional conviction. Bitcoin may lead the charge, but ether is holding steady, signaling strength across both asset classes.
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The NYSE and SEC are actively discussing fast-tracked integration of tokenized assets, aiming to align crypto innovation with established market rules and regulatory clarity.
Behind the NYSE-SEC Crypto Talks: Tokenized Assets May Hit Trading Floors Fast
The U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force met with representatives from the New York Stock Exchange (NYSE) on June 24 to evaluate how digital asset regulations could align with existing financial frameworks. A memo from the SEC Crypto Task Force noted:
The topic discussed was approaches to addressing issues related to regulation of crypto assets.
Discussions focused on mitigating regulatory fragmentation across traditional and crypto markets. NYSE representatives—including General Counsel Jaime Klima, Chief Product Officer Jon Herrick, Associate General Counsel Patrick Troy, and Chief Regulatory Officer Tony Frouge—advocated for “parity among market participants” and cautioned against “disparate regulatory regimes for similar assets and entities,” according to the meeting notes. The exchange outlined considerations for listing and trading tokenized equities—traditional securities issued on blockchain infrastructure—and presented preliminary ideas for generic listing standards for spot crypto exchange-traded products (ETPs).
Regulatory treatment of other crypto-based ETPs was also addressed, with the NYSE seeking clarity on how such products might be integrated into current listing frameworks. The conversation reflects a shared intent to reduce uncertainty and foster responsible innovation while preserving market integrity.
The SEC’s Crypto Task Force conducts both public roundtables and private meetings to shape policy. Roundtables welcome broad input on themes like tokenization, custody, and decentralized finance (DeFi), while one-on-one meetings—such as those with Blackrock, JPMorgan, or NYSE—offer targeted discussion of firm-specific compliance strategies. This dual format allows the SEC to balance broad-based feedback with detailed operational insights, supporting regulatory development in a complex and evolving digital asset environment.
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The recent data breach compromising 16 billion login credentials has raised questions about the relevance of passwords. Some experts argue it’s time to abandon reliance on centralized databases and embrace a privacy-first mindset that leverages decentralization.
Call For Shift to ‘Privacy-First’ Mindset
The bombshell revelation of a massive data breach, compromising 16 billion login credentials, has plunged internet users into a fresh wave of anxiety, sparking fears that cybercriminals are already pilfering personal accounts. Though security experts are urging immediate password changes, a critical counterargument posits that this reactive measure offers no true safeguard against future, identical incursions.
Instead of the conventional focus on merely changing passwords, experts interviewed by Bitcoin.com News contend that the recent breaches necessitate a radical paradigm shift. They argue it’s time to abandon reliance on centralized databases storing sensitive user information and embrace a privacy-first mindset that fundamentally leverages decentralization.
Shahaf Bar-Geffen, CEO of COTI, also argued that while societies have historically placed trust in “authorities” and institutions, this mindset is ill-suited to serve people well in the virtual spaces that increasingly mediate our lives.
“The traditional, trust-based world is not suited to the online world, and yet it’s still the dominant mode of operation. Business online often leads to traditional endpoints that leave a trail of exposed credentials across platforms,” Bar-Geffen explained.
This viewpoint is shared by Nanak Nihal Khalsa, co-founder of Holonym, who argues that companies are only sticking with this model because it’s cheap. He stated: “The problem is companies are still using these instead of decentralized alternatives because they are cheap and convenient. But, there are safer and more effective ways to authenticate users and/or store their sensitive data.”
One such way, according to Bar-Geffen, is the use of decentralized and encrypted data that can be accessed without needing to be deciphered, through innovations like Zero-Knowledge Proofs (ZKPs) and Homomorphic Encryption.
As reported by Bitcoin.com News, researchers at Cybernews who uncovered the breach said it was not just a leak but “a blueprint for mass exploitation.” Other experts warn that cybercriminals can leverage the leaked datasets to intensify identity theft, phishing and system intrusions.
Still, for others, the massive breach calls into question the relevance of passwords in this age where cybercriminals are ever becoming more sophisticated. While talk of eliminating passwords altogether has subsisted for a decade, Khalsa argues that no clear alternative has emerged to justify dispensing with the password paradigm. Concerning passkeys, which some tout as viable alternatives to passwords, the Holonym co-founder said:
“There’s a common rumor that passkeys will replace passwords. But passkeys are typically synced in our cloud accounts that ultimately rely on passwords. Cryptographic keys also can be used but are difficult to manage. Their recovery techniques tend to rely on accounts that need passwords.”
Meanwhile, Bar-Geffen believes tools such as decentralized identity, ZKPs and crypto wallets already act as “secure, user-controlled access and permission methods.” However, the challenge, Bar-Geffen argues, is getting companies, governments and users to adopt the privacy-first approach. He also highlights why adoption of the privacy-first approach in the artificial intelligence (AI) era is crucial.
“There’s also the incoming issue of AI. It’s important to transition to a new model (self-sovereign and permissioned privacy) because AI automation is proliferating, which will exacerbate the scale of data breaches, and we could even see the internet rendered unusable without a new model for privacy,” the COTI executive said.
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At BTC Prague 2025, Strategy Executive Chair Michael Saylor told a large crowd of bitcoin supporters he expects the leading cryptocurrency to climb to $21 million per coin within 21 years, growing roughly 21% annually as adoption spreads from Capitol Hill to Wall Street.

Strategy Founder Calls Bitcoin the Best Asset of the Century
Saylor opened his keynote, titled “The Power of 21,” by contrasting bitcoin’s 55% rise last July with lagging returns for the Nasdaq, S&P 500, and even gold. He argued that despite bitcoin’s trillion-dollar market capitalization, it still represents less than 0.1% of global wealth, leaving a great deal of room to expand.
He credited “extraordinary” developments over the past 11 months for quickening that trajectory. Saylor pointed to a U.S. administration that now publicly backs bitcoin (BTC), a roster of pro-crypto Cabinet officials, and three bills moving through Congress: the Clarity Act, the Genius Act, and the Bitcoin Act.
He also highlighted $150 billion in recent Wall Street inflows tied to 1.4 million BTC as evidence of deepening institutional interest. Performance figures, he said, speak for themselves: bitcoin has advanced 61% in the past year and averages a 56% annualized return this decade—more than double returns for both the S&P 500 and the so-called Magnificent Seven.
“Only one asset clears the 13% cost-of-equity hurdle,” Saylor told the audience, contending that corporations are awakening to the math.
Projecting forward, Saylor forecast a 28.5% compound annual return tapering toward 21% as bitcoin’s market value approaches “hundreds of trillions.” Volatility, now in the mid-40% range, should keep cooling yet remain higher than the stock market’s VIX reading of 16—volatility, however, he called it “vitality,” and insisted it is not a bug.
“What will you do with this 21‑year head start?” Saylor asked the BTC Prague audience. “You possess information that 99.8% of global capital does not yet grasp.”
The Strategy executive added:
Build a money‑making machine, plug it into the Bitcoin network, and compound extraordinary wealth. You can change the destiny of your family, your community, even humanity
The executive laid out three primary wealth-building strategies: dollar-cost averaging $50,000 a year in BTC, employing long-term leverage at rates below 10%, and adopting a bitcoin-treasury corporate model that sells small equity stakes at premium valuations. Under favorable assumptions, he claimed, a disciplined mix could turn $2 million into more than $700 million over two decades.
Saylor credited early supporter Hal Finney for envisioning eight-figure prices in 2009 and declared that the network has reached “criticality,” immune to shutdown. He argued that broader participation remains limited— BTC still accounts for only 0.2% of global wealth—but said that gap signals an untapped upside rather than a missed opportunity.
Closing the 45-minute address, Saylor urged attendees to craft a 21-year plan, ignore daily price swings, and “feed the machine” of the Bitcoin network. “Volatility is Satoshi’s gift,” he said, framing price turbulence as the equalizer that keeps bitcoin within reach of everyday savers.

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South Korea’s central bank is advocating for a phased introduction of won-denominated stablecoins, initially prioritizing regulated commercial banks for their issuance.
Stablecoins Could Significantly Influence Korean Monetary Policy
South Korea’s central bank is advocating for a phased introduction of won-denominated stablecoins, prioritizing rigorously regulated commercial banks for initial issuance. According to Ryoo Sang-dai, senior deputy governor of the Bank of Korea (BOK), this approach aims to manage the potential impact of these digital assets on monetary policy and financial stability.
According to a report, this stance aligns with South Korea’s left-leaning President, Lee Jae Myung, who is reportedly moving to fulfill his election promise to permit companies to issue won-based stablecoins. Myung’s Democratic Party is said to be proposing legislation to establish the necessary regulatory framework, aiming to keep the country competitive in the evolving digital asset landscape.
“It is desirable to first allow banks, which are under a high level of regulations, to issue (won-based stablecoins) and gradually expand to the non-bank sector with the experience,” Ryoo reportedly said.
The senior BOK executive underscored that introducing stablecoins could significantly influence monetary policy and the transaction settlement system. He reiterated previous concerns from BOK Governor Rhee Chang-yong regarding capital flows and stressed the necessity of a robust safety net to prevent financial market disruption and ensure user protection.
Looking ahead, Ryoo confirmed that the central bank plans to consult with major commercial banks to prepare a second pilot test for its central bank digital currency (CBDC) as the new administration’s policy direction becomes clearer. The central bank’s initial CBDC pilot, a joint project with the Bank for International Settlements launched in late 2023, is set to conclude next week.
Reflecting the broader trend of digitalization, Ryoo also indicated that authorities would accelerate market reform efforts to open South Korea’s currency market further to foreign investors, building on a year of extended trading hours and increased overseas participation.
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