DeepNewz

Regulation & Politics
UK Chancellor Rachel Reeves Considers £5 Billion Sale of Seized Bitcoin From 2018 Ponzi Scheme to Address Budget Shortfall
The British government, led by Chancellor of the Exchequer Rachel Reeves, is considering selling approximately £5 billion (around $7 billion) worth of seized Bitcoin to help address a budget shortfall in public finances

Markets
Block Joins S&P 500, Adding 8,584 Bitcoin to the Index
Block Inc., the payments and financial-services company founded by Jack Dorsey, has been approved for inclusion in the S&P 500

CeFi
Peter Thiel-Backed Exchange Bullish Files for NYSE IPO
Bullish, a cryptocurrency exchange backed by billionaire investor Peter Thiel, has filed paperwork with the U.S. Securities and Exchange Commission for an initial public offering

Regulation & Politics
Trump Signs GENIUS Act, Launching First US Stablecoin Rules
President Donald Trump on Friday signed the GENIUS Act, the United States’ first federal law dedicated to regulating dollar-pegged cryptocurrencies known as stablecoins

Markets
Tom Lee Predicts Bank Ethereum Buying as SBET Plans $5 Billion Purchase
Market strategist Tom Lee told CNBC he expects Ethereum’s blockchain to become the backbone of bank-issued stablecoins, predicting lenders will acquire Ether not for speculation but as core infrastructure to secure and settle their digital liabilities

Markets
Ethereum Jumps Above $3,600, Market Value Tops $430 Billion
Ether climbed more than 5% in late-day trading Thursday, reaching $3,606

Blockchains
BTC Digital Raises $6 Million as Fifth Bitcoin Miner Converts BTC Reserves to Ethereum Amid Reward Decline
Bitcoin mining companies are increasingly shifting their focus and resources toward Ethereum amid concerns over Bitcoin's diminishing block rewards and the sustainability of its mining incentives

Blockchains
Tether Mints $2 Billion USDT in Back-to-Back Ethereum Transactions
Tether Treasury created two separate tranches of one billion USDT on the Ethereum blockchain within 24 hours, blockchain monitoring data show

Regulation & Politics
House Advances Crypto Bills After Record Nine-Hour Vote
The U.S. House of Representatives late Wednesday cleared a key procedural hurdle for cryptocurrency legislation

Markets
Ethereum Spot ETFs Set Record With Nearly $720 Million Inflows
Ethereum-linked spot exchange-traded funds attracted roughly US$717 million in net subscriptions on 16 July, the largest single-day haul since the products launched





