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๐จ JUST IN: ๐บ๐ธ The US House declares it's taking "historic steps" to keep America the crypto capital of the world ๐
๐ Regulation or revolution? The race is on!
#Crypto
#Bitcoin
#Web3
#USRegulation
#Blockchain
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๐ Ripple Partners with $2T AUM BNY Mellon to Custody RLUSD Reserves ๐ In a major milestone for stablecoin adoption, Ripple has joined forces with BNY Mellon, one of the worldโs largest financial custodians, to safeguard the reserves of its fast-growing stablecoin, RLUSD. ๐ With RLUSD surpassing $500 million in circulating supply just seven months post-launch, this partnership marks a significant step toward institutional-grade stability and trust in the stablecoin space. ๐ฌ Custody by a global financial powerhouse like BNY Mellon signals growing convergence between traditional finance and blockchain innovation, reinforcing Ripple's vision for secure, scalable digital finance. #Ripple #BNYMellon #RLUSD #Stablecoins #Blockchain https://coingape.com/ripple-taps-2-trillion-aum-bny-mellon-for-custody-of-rlusd-reserves/?utm_source=bnb&utm_medium=coingape
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๐ต๐ฐ Pakistan Joins the CBDC Race with Central Bank Digital Currency Pilot ๐ข The State Bank of Pakistan (SBP) has officially announced its plans to roll out a CBDC pilot, signaling a major leap toward financial modernization. ๐ Governor Jameel Ahmad confirmed the initiative at the Reuters NEXT Asia Summit in Singapore, aligning Pakistan with a growing list of countries exploring blockchain-powered digital currencies. ๐ Backed by a $7B IMF program and new regulatory frameworks, the move aims to strengthen economic stability, enhance financial inclusion, and streamline payment infrastructure. ๐ With global momentum building around CBDCs, Pakistanโs digital currency pilot represents both technological innovation and a strategic step toward a more connected financial future. #CBDC #Pakistan #StateBankOfPakistan #IMF #Blockchain https://coingape.com/pakistan-central-bank-to-roll-out-digital-currency-pilot/?utm_source=bnb&utm_medium=coingape
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๐ฐ๐ท South Korea Set to Reclassify Crypto Firms as Venture Companies โ A Major Boost for Web3 ๐ In a groundbreaking move, the South Korean government is preparing to reclassify crypto firms as "venture companies", granting them long-denied access to tax incentives, subsidies, and financial support. ๐ Until now, crypto companies were excluded from this classificationโblocking them from the very benefits that fuel innovation and growth across tech sectors. ๐ข This proposed policy shift could unlock millions in funding and tax breaks, signaling a powerful endorsement of blockchain and Web3 innovation in Asia's 4th largest economy. ๐ก If passed, this amendment could mark a turning point for South Koreaโs digital asset industry, empowering startups, attracting institutional capital, and reinforcing its status as a global crypto hub. #SouthKorea #CryptoRegulation #Web3 #Blockchain https://coingape.com/seoul-to-reclassify-crypto-firms-as-venture-companies-unlocking-subsidies-and-tax-break/?utm_source=bnb&utm_medium=coingape
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๐ธ Pepe Coin Faces Volatility as Whales Dump 1 Trillion Tokens โ Fakeout or Red Flag? ๐บ On July 9, Pepe Coin (PEPE) saw a modest 2.7% intraday gain, trading at $0.0000102 with over $673M in volume. โ ๏ธ However, beneath the surface, storm clouds are gathering. ๐ป More than 1 trillion $PEPE tokens were sold by whales in just 24 hours, sparking fears of a looming correction. ๐ A bearish flag pattern suggests a potential 50% crash toward $0.00000480. ๐ Over the past month, $PEPE is down 11%, raising questions about its mid-term resilience despite todayโs uptick. ๐ While the meme coin market remains highly active, PEPE's mixed signals have traders on edgeโis this a temporary fakeout or the start of a deeper trend reversal? #PepeCoin #MemeCoins #CryptoMarket #Altcoins #Blockchain https://coingape.com/markets/pepe-coin-price-rallies-despite-whales-dumping-1-trilion-pepe-in-24hrs-is-it-a-fakeout/?utm_source=bnb&utm_medium=coingape
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๐ง๐ท๐ญ๐ฐ Circle Expands to Brazil & Hong Kong as CRCL Stock Surges Past $200 ๐ Circle, the company behind the widely-used $USDC stablecoin, is making bold moves in global finance with the launch of stablecoin-powered payouts to Brazil and Hong Kongโtwo major hubs for international commerce and fintech adoption. ๐ฅ This strategic expansion strengthens Circleโs role in the global payments infrastructure, enabling faster, more efficient cross-border transactions. As expected, markets responded quickly: CRCL stock surged toward $210, reflecting growing investor confidence in Circleโs global roadmap. ๐ In a world where speed, transparency, and low-cost settlement are king, stablecoins like $USDC are becoming foundational pillars of the new digital economy. #Circle #USDC #DigitalPayments #Stablecoins #Fintech https://coingape.com/circle-expands-into-brazil-hong-kong-as-crcl-stock-price-reclaims-200/?utm_source=bnb&utm_medium=coingape
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