Author: Ibrahim Abdulaziz Adan

Banks must meet strict compliance standards and assume full liability when they hold cryptocurrency keys for customers.  Financial institutions can use third-party custody vendors but remain responsible for any failures or security breaches.  The new guidance removes barriers and allows banks to offer crypto custody services under clear regulatory frameworks. The Federal Reserve, FDIC, and Office of the Comptroller of the Currency have released joint guidance establishing clear standards for banks offering cryptocurrency custody services. The statement targets financial institutions currently providing or considering cryptocurrency safekeeping services for customers. The regulatory guidance emphasizes that banks must maintain existing compliance requirements…

Canary Capital CEO believes XRP ETF will outperform ETH and SOL ETFs due to regulatory clarity and real-world payment utility. Bloomberg analysts give XRP ETF 95% approval odds for 2025, but the SEC delayed reviews until autumn for compliance checks. ProShares launches XRP ETF on July 18, while XRP faces resistance at $3 amid growing institutional interest. Canary Capital CEO Steven McLurg has boldly claimed XRP’s potential to dominate the exchange-traded fund space. In a recent interview, McLurg argued that an XRP ETF has unique potential to outperform ETH and SOL ETF products, citing regulatory clarity as a key advantage.…

The House Rules Committee approved three major crypto bills, and floor votes are expected Wednesday or Thursday.  If passed, the GENIUS Act will go directly to President Trump, while the CLARITY Act and Anti-CBDC bill will need Senate approval.  Rep. Hill called the current crypto regulatory system “broken” and warned America risks falling behind global markets. The U.S. House of Representatives moved three significant cryptocurrency bills closer to final passage during the second day of crypto week. The CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act cleared the House Rules Committee on July 14, positioning them for floor votes…

Treasury Secretary Scott Bessent confirmed the search for Jerome Powell’s Fed Chair replacement has begun, and the process may move quickly with many qualified candidates under consideration. President Trump continues pressuring Powell to resign over interest rate policies, while Senate investigations add more uncertainty to Powell’s future at the Fed. Kevin Warsh leads prediction markets with 20% odds to become the next Fed Chair, followed by Kevin Hassett and Scott Bessent at 18% each. Treasury Secretary Scott Bessent has officially confirmed the start of a succession process for Federal Reserve Chair Jerome Powell. The announcement signals potential changes ahead for…

California Governor Gavin Newsom launched a tech task force featuring Ripple, Coinbase, and Moonpay to modernize state government operations. The group met at Ripple’s San Francisco headquarters in June 2025 and includes major tech companies plus venture capitalist Ron Conway. The initiative aims to improve government efficiency through blockchain technology and could set new standards for digital governance nationwide. Governor Gavin Newsom has launched the California Breakthrough Project, a government efficiency initiative featuring prominent cryptocurrency and blockchain companies. The task force includes Ripple, Coinbase, and Moonpay executives, marking a significant collaboration between the state government and the digital asset industry.…

Bitcoin dropped 4.15% to $118,181 after June CPI data showed 2.7% inflation, higher than the expected 2.6%. The total crypto market cap fell to $3.71 trillion as Bitcoin first surged 5% then plummeted 4% within an hour. Fed rate cut odds for July collapsed to just 2.6% while chances of keeping rates steady hit 97.4%. Bitcoin experienced dramatic price swings following the release of June’s Consumer Price Index data, which came in above expectations at 2.7% year-over-year. The cryptocurrency market faced immediate volatility as investors digested the inflationary implications. The U.S. Bureau of Labor Statistics reported CPI at 2.7%, surpassing…

The DOJ and CFTC have officially ended their investigation into Polymarket and cleared the platform of wrongdoing. Polymarket gained attention during the 2024 election for accurate predictions but faced FBI raids and regulatory scrutiny. The investigation’s end helps Polymarket’s $200 million fundraising effort and signals crypto-friendly regulatory changes under Trump. The U.S. Department of Justice and the Commodity Futures Trading Commission have officially concluded their investigation into crypto prediction platform Polymarket. The regulatory probe closure marks another significant victory for the digital asset sector under the Trump administration. Bloomberg reports that both agencies sent formal notices to Polymarket, confirming the…

PUMP token is now trading on major exchanges like Kraken and Bybit, but dropped 30% to $0.005 after going live. Trading volumes hit $508 million with an 8,511% spike, and the token maintains a $5.53 billion fully diluted valuation. Community members are raising concerns about the token sale process and criticizing it as favoring venture capital investors over retail traders. Pump.fun has confirmed that its PUMP token is now available for trading on major cryptocurrency exchanges after its public sale. The token has experienced immediate volatility, dropping nearly 30% since trading began despite maintaining a $5 billion fully diluted valuation.…

SharpLink Gaming bought $49 million worth of Ethereum on Sunday and now holds the world’s largest corporate ETH treasury worth $608 million. Ethereum co-founder Joseph Lubin chairs the company’s board and believes ETH treasuries are essential for the blockchain ecosystem’s growth. ETH broke above $3,000, and corporate Ethereum reserves across all companies have reached $4.1 billion in total value. NASDAQ-listed sportsbook marketing company SharpLink Gaming purchased nearly $49 million worth of Ethereum (ETH) on Sunday, capitalizing on the cryptocurrency’s surge past the $3,000 milestone. The strategic acquisition reinforces the firm’s aggressive ETH accumulation strategy under the leadership of Ethereum co-founder…

Yager Development’s poor execution nearly ruined Dead Island 2, and Deep Silver fired the studio after milestone reviews showed the game was broken.  Dambuster Studios took over the project and successfully released the game in 2023 with positive reviews and strong sales.  The publisher chose long-term franchise health over quick profits, ultimately saving the Dead Island brand from permanent damage. Dead Island 2’s troubled development journey offers critical insights into modern game production challenges. The zombie survival franchise nearly collapsed under poor execution before finding success with Dambuster Studios in 2023. Yager Development’s Failed Vision Deep Silver initially assigned Dead…