🏦 Coinbase Rallies on JPMorgan Partnership
• Coinbase stock surges ahead of Q2 earnings, boosted by new integration with JPMorgan’s credit card services.
• Starting later this year, Chase customers can buy crypto directly via Coinbase.
• Analysts are bullish, citing growth in stablecoin use and futures markets.
🇺🇸 Trump Admin Crypto Report Released
• Trump’s digital asset task force publishes a 160-page report promoting DeFi, stablecoins, and crypto innovation.
• Surprisingly, the report **omits details** on the previously teased strategic Bitcoin reserve.
• Focus areas: clearer SEC vs. CFTC roles, staking tax reforms, and trading infrastructure upgrades.
📉 Fed Holds Rates – Market Reacts Mildly
• The Federal Reserve holds interest rates steady; markets respond with minor gains.
• Bitcoin rebounds to \~\$118.5K; Ethereum, XRP, and Solana also see modest upticks.
• Analysts say macroeconomic sentiment is currently guiding short-term crypto movement.
💰 Syz Capital Reopens \$200M Bitcoin Fund
• Swiss firm Syz Capital reopens its BTC Alpha Fund, targeting 2,000 BTC (\~\$200M).
• Strong interest from institutional investors already pledging over 1,800 BTC.
• Fund launches October 1, aimed at long-term BTC exposure.
🌍 RAKBANK Brings Crypto to UAE Retail Market
• RAKBANK becomes the first conventional bank in the UAE to offer crypto trading to retail customers.
• New platform offers regulated access to top digital assets with a user-friendly interface.
• Move expected to accelerate mainstream adoption across the region.
🔐 Engineer Arrested in \$44M CoinDCX Heist
• Bengaluru police arrest a software engineer in connection with a \$44M theft from Indian exchange CoinDCX.
• Attack involved credential theft and transfer of large funds over multiple days.
• Investigation suggests insider knowledge, suspicious freelance activities, and malware involvement.
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