Author: John Smith

The US Securities and Exchange Commission won’t decide on the Truth Social Bitcoin ETF until at least Sept. 18. Summary The SEC said it needs more time to review the Truth Social Bitcoin ETF. A decision is expected in September. It falls within the standard SEC review process, which allows up to 240 days for a final decision. On Monday, the Commission said it had extended the review period for the proposed fund, which NYSE Arca submitted on behalf of Yorkville America Digital, the asset manager partnering with Trump Media and Technology Group (TMTG). The delay pushes the initial August…

Coinbase is in advanced talks to acquire CoinDCX after a $44M hack, offering less than half of what CoinDCX was valued at in the last bull market. Summary Coinbase is negotiating to acquire CoinDCX for under $1 billion, deepening its investment in India’s crypto sector. CoinDCX recently lost $44 million in a major hack, raising questions about operational risk and trust. The acquisition would help Coinbase build a stronger presence in India ahead of upcoming crypto regulations. Coinbase is allegedly in advanced negotiations to acquire CoinDCX, India’s largest cryptocurrency exchange, as the U.S. firm seeks to grow its presence in…

Tokenization platform Brickken integrated the decentralized lending protocol Credefi to create a peer-to-peer lending system. Summary Brickken integrates Credefi for decentralized lending The new lending system will be peer-to-peer RWAs will serve as the backing for loans Real-world assets are rapidly expanding the potential in DeFi, including for decentralized lending. On Monday, July 28, the tokenization platform Brickken integrated with the DeFi lender Credefi to create permissionless, peer-to-peer lending. Brickken’s lending platform will use the RWAs issued on its platform as loan collateral for lending. Users will be able to put up these RWAs as collateral on Credefi’s DeFi platform,…

Grove Finance, an institutional-grade credit protocol in the Sky ecosystem, will go live on Avalanche, deploying up to $250 million in real-world assets to bolster the layer-1 blockchain’s tokenization traction. Summary Grove Finance has announced its launch on Avalanche, with up to $250 million in real-world assets coming onchain. The institutional-grade credit engine on Sky targets adoption for the USDS stablecoin. Avalanche’s RWA market includes BlackRock’s BUIDL and Franklin Templeton’s BENJI. Grove, introduced recently as an institutional-grade platform designed to accelerate the adoption of the decentralized stablecoin USDS on Sky, is set to expand to Avalanche (AVAX).  The project aims…

Despite surging adoption since 2021, cryptocurrency remains a hard sell for most Americans. New Gallup data reveals a stark divide: while 14% of U.S. adults own crypto, 60% have zero interest. Even as regulation takes shape, distrust runs deep. Summary Gallup survey shows just 14% of U.S. adults own crypto, while 60% have no interest. Adoption skews heavily toward young men, college grads, and higher-income conservatives. The GENIUS Act may shape regulation, but trust and utility gaps continue to stall adoption. A Gallup survey conducted June 2-15 found that cryptocurrency ownership in the U.S. has plateaued at a modest 14%,…

Mill City Ventures is committing $450 million to Sui, positioning itself as a bridge between traditional finance and blockchain’s next wave. With elite backers like Galaxy and Pantera, the move may accelerate Sui’s path to mainstream institutional use. Summary Mill City Ventures pledged $450 million to build the first publicly traded Sui treasury, with 98% of proceeds going to SUI token purchases. The move signals a shift from traditional lending to infrastructure-focused crypto reserves, targeting Sui’s high-speed blockchain for institutional adoption. On July 28, non-bank lending company Mill City Ventures III announced a $450 million private placement to fund a…

After the U.S. negotiated a favorable deal with the EU, traders are now bracing for an update in U.S. trade talks with China. Summary The U.S. made a favorable trade deal with the EU EU carmakers, pharma firms biggest losers of the deal Markets are now focused on China, with a deadline looming Major U.S. stock indices were mixed after an initial rally following a U.S. trade deal with the EU. On Monday, July 28, Dow Jones was down 0.10%, while the S&P 500 was hovering near all-time highs, up 0.03%. The tech-focused Nasdaq saw the biggest gains, up 0.29%.…

PayPal is bringing its pay with cryptocurrency offering to merchants, with the fintech giant’s feature going live with initial support for over 100 cryptocurrencies. Summary PayPal has launched “Pay with Crypto” solution as it looks to bolster crypto payments. The platform will support top cryptocurrencies, including Bitcoin and Ethereum, as well as stablecoins Tether and USDC. Rollout goes live for U.S. merchants in the coming weeks. In an announcement, PayPal said “Pay with Crypto” aims to bring crypto payments mainstream and to transform cross-border commerce for merchants.  The platform, which goes live for U.S. merchants first in the coming weeks,…

Space and Time token price lost momentum in the past few days as its volume and futures open interest stalls. Summary Space and Time token has pulled back after the Grayscale fund news lost momentum. The volume in the spot market and futures open interest has dropped recently. Technicals point to more SXT price surge if it holds a crucial support. Space and Time (SXT) price was trading at $0.096 on Monday, July 28, down by 25% from the highest point this month. This pullback has brought its market capitalization to over $134 million.  Space and Time jumped by over…

Southeast Asia’s biggest ride-hailing app now enables payments in Bitcoin, Ethereum, and several stablecoins. Summary Ride-hailing app Grab is launching crypto payments App will support BTC, ETH, USDC, and USDT Crypto adoption is growing fast in Southeast Asia Retail crypto use cases are slowly becoming mainstream globally. On Monday, July 28, Grab, the biggest ride-hailing app in Southeast Asia, announced adding support for crypto payments in the Philippines. Users in the country will now be able to top up Grab’s cash balance with Bitcoin (BTC), Ether (ETH), as well as USDC and USDT stablecoins. This feature was enabled through a…