Rug Radio

🇦🇪 New: Dubai Issues First-Ever Crypto Options License to Nomura-Backed Laser Digital

Another major step in crypto adoption.

After 5 long years, the $XRP lawsuit has finally been put to rest 🙌

Read the full article on @DecryptMedia ↓

What's new?

🔹Crypto majors jump on 401(k) news; BTC at $116K
🔹ETH ETFs have huge day with $222.3M in net inflows
🔹Trump signs executive order on Thursday to prohibit debanking of crypto companies + allows crypto in 401(k)s
🔹FGF files to raise $5B to build an ETH treasury
🔹ChainLink announces ChainLink reserve and LINK buybacks
🔹Pump Fun announces Glass Full foundation & spends $1.69M buying memes
🔹SEC and Ripple drop legal battle for good; XRP jumps 7%
🔹Ripple acquires stablecoin platform for $200M
🔹BOSS jumps 80% to $32M
🔹Hot coins: BOSS, NYAN, TROM, GOBLIN, HOUSE, TIBBIR

🇺🇸 Breaking: Trump announces executive order aimed at protecting crypto, religion, and political freedom from banking discrimination

What's new?

🔹Crypto majors soar 1-5%; BTC at $117K
🔹Trump to sign executive order today allowing crypto in 401(k)s
🔹Tom Lee calls for $16,000 ETH + 5-10% crypto portfolio allocation
🔹REKT hits new ATH of $560M
🔹@MagicEden airdrops 10M ME tokens for S2
🔹@artblocks_io introduces ‘Art Blocks 500’ closing its first chapter
🔹@MetaMask plans to launch ‘mmUSD’ stablecoin in partnership with Stripe according to a now deleted post
🔹Ventuals launches testnet
🔹Roman Storm found guilty on 1 count in split jury, retrial likely to come
🔹Bakkt plans to buy 30% stake in Japanese Marusho Hotta to launch BTC TreasuryCo
🔹Cosmos Health signed a securities agreement to launch a $300M ETH TreasuryCo
🔹rewards
Hot coins: TROLL, REKT, BOSS, LIZARD, GP

What's new?

🔹Crypto majors up 1-3%; BTC at $115K
🔹SEC greenlights liquid staking, says not securities
🔹Stablecoin usage hits new ATH of $1.5B in July
🔹@SharpLinkGaming adds 83,561 ETH in past week, now holds $1.9B
🔹Pump Fun re-flips LetsBonk in volume, market share; Pump coins jump
🔹Ape @cryptopunksnfts sells for 720 ETH ($2.58M)
🔹XCOPY’s ‘hello admin dm me’ sells for 65 ETH ($232K)
🔹Solana began shipping its 2nd-gen seeker phones
🔹Upexi announces holding over 2M SOL ($335M)
🔹Succinct Labs launches PROVE token, debuting at $237M ($1.2 FDV)
🔹TROLL jumps another 60% and crosses $200M ATH
🔹Hot coins: TROLL, BUCKY, HOUSE, CHILLHOUSE

The first limited @ponkehq x @223W0RLD product launches this Wednesday!

The $69 adult toy will feature:

- NFC chip w/rewards
- removable helmet
- magnetic blunt + hands/feet

Read the full article on @DecryptMedia ↓

🇺🇸Just in: Certain liquid staking tokens are not securities

What's new?

🔹Crypto majors red; BTC at $113.4K
🔹ETH sees ATH ETF inflow
🔹SEC issues temporary guidance on stablecoin accounting, easing crypto concerns
🔹Trump to issue executive order protecting crypto firms from bank discrimination
🔹 @pumpdotfun shares new revenue + buyback dashboard, PUMP moves up 16%
🔹Adam Weitsman buys 5,000 otherdeeds + Kodas in massive Yuga partnership
🔹@binance to launch composite index perps product as weighted index of all perps
🔹@phantom acquires Sol Sniper
🔹Skull of Luci + accompanying mask sell for $410K on Gondi
🔹REKT hits new ATH of $510M
🔹Tom Lee’s BMNR discloses 830K ETH position ($3B)
🔹DFDV announces 110,466 SOL purchase, now holds 1.29M ($209M)
🔹Verb Technology announces a $558M private raise to start TON Treasury
🔹Hot coins: TROLL, LIZARD, GOR, ILV, DONPEN

The Genius Act prohibits stablecoin issuers from offering yield to customers.

But companies like @coinbase and @PayPal found a way around it:

- They are not the issuer
- They offer "rewards", not yield

Creative workaround or regulatory gray zone?

Read the full article on @DecryptMedia ⬇️

What's new?

🔹Crypto majors rebound; BTC at $115.1K
🔹Tariffs set to start Aug 7th
🔹SEC to hold crypto roundtables across US
🔹@binance launches BTC options writing
🔹Trump Media teases new utility token for Truth Ecosystem
🔹@ventuals_ brings tokenized pre-market stock trading to Hyperliquid
🔹BlackRock's BTC ETF IBIT hits nearly 1M investors, with 75% being new clients
🔹@yeet hits new volume ATH $15M+, a big jump from the previous $10M
🔹@yeet launches ‘Built for Big Moments’ campaign with opportunities & rewards for streamers & players
🔹Ice skin @pudgypenguins sells for 70 ETH ($244K) while gold sells for 30
🔹No Bad Trippers run 7x (0.034 ETH mint → 0.244 ETH)
🔹Tom Lee’s BMNR now holds 830K ETH (~$3B)
🔹@Metaplanet_JP files to raise another $3.7B to buy BTC
🔹Hot coins: TROLL, BUCKY, NUB, BUNNYKAT, SHITSTOCK

gmog 🫵😹

gm gm

have a great weekend!