Cryptocurrency Prices, Charts & Market Capitalizations

17 minutes ago

ECB Picks 36 Firms — Including Deutsche Bank, Revolut and Stripe — for Year‑Long Digital Euro Pilot

The European Central Bank has tapped 36 payment firms — including Deutsche Bank, Revolut Bank, Stripe and UniCredit — to take part in a year-long digital euro pilot, underscoring Europe’s push to build a central bank digital currency (CBDC) ahead of a possible launch by 2029. What’s happening - The ECB announced on July 14 that the pilot will begin in the second half of 2027 and run for 12 months. It will bring together the ECB, 19 national central banks and private-sector providers to test a beta version of the digital euro that will not have legal-tender status. - The objective is to assess technical performance, operational processes and user experience. Some participating firms will let users open experimental digital euro accounts and make payments; others will trial complementary services rather than customer-facing features. - Staff from national central banks will run person-to-person and person-to-business transactions across physical retail outlets (including POS systems), e-commerce platforms and mobile-payment channels. Why it matters - ECB Executive Board member Piero Cipollone said the strong private-sector turnout shows firms are ready to contribute to developing Europe’s payments infrastructure. - The pilot is explicitly preparatory — not a decision to issue a CBDC. Any eventual rollout still depends on the completion of EU legislation. The European Parliament has already voted in favor of digital euro rules, allowing technical testing and legal work to proceed in parallel. - Policymakers say a digital euro could reduce reliance on existing payment rails like Visa, Mastercard and Apple Pay. However, critics warn of risks to financial privacy and concerns over transaction monitoring. Broader context - The digital euro program is advancing alongside the EU’s Markets in Crypto-Assets (MiCA) regime; under MiCA several crypto firms including Ripple, OKX and Coinbase have already won regulatory approval to operate in the bloc. - By contrast, the United States remains divided. Crypto.news reported that President Donald Trump declined to sign the 21st Century ROAD to Housing Act — which included a provision blocking the Federal Reserve from issuing a CBDC through 2031 — because the Senate had not passed the Save America Act. Trump has cited that same reason for delaying his signature previously, according to a Truth Social post cited by crypto.news. Bottom line Europe is visibly accelerating CBDC preparations with an ambitious pilot program and parallel legislative work, while the U.S. continues to debate whether and how a Fed-backed digital currency should proceed. Read more AI-generated news on: undefined/news

1 hour ago

Ripple-Backed Evernorth Eyes Nasdaq XRPN, Discloses $44M CEO Equity and $1B Backing

Evernorth, the Ripple-backed firm planning a Nasdaq-listed XRP treasury, revealed a roughly $44 million equity package for its CEO in a new SEC filing as it pushes ahead with a SPAC merger. In its fourth amended Form S-4 registration statement with the U.S. SEC, Evernorth updated executive and director compensation while advancing the paperwork for its proposed combination with Armada Acquisition Corp II — a SPAC backed by Arrington Capital. If approved by regulators and shareholders, the merged company is expected to trade on Nasdaq under the ticker XRPN and, per Evernorth’s filings, operate “the largest publicly listed XRP treasury company.” Key takeaways - CEO Asheesh Birla’s compensation: The filing discloses a base salary and an initial equity award valued at about $44 million, subject to vesting terms. - CFO and executive awards: CFO Matt Frymier would receive a base salary, annual bonus eligibility and an equity award valued at roughly $5.6 million. Additional restricted stock unit awards worth about $750,000 for other executives were disclosed, pending approval by the compensation committee and shareholders. - Funding and backers: Evernorth says it has secured more than $1 billion in gross investor proceeds. Named backers include Ripple, Arrington Capital, SBI Holdings, Pantera Capital and Kraken. - Board updates: Proposed board members include Ripple chief legal officer Stuart Alderoty, CEO Asheesh Birla, Ted Janus, OpenAI Foundation CFO Robert Kaiden and Antalpha COO Derar Islim. - Japan-focused outreach: Evernorth launched a Japanese-language social account for XRP education and updates, emphasizing market developments and professional information rather than price forecasts. The move does not accompany an announced local office, license, staff or product launch; Evernorth’s website still lists San Francisco as its headquarters. - Market context: Armada Acquisition Corp II shares have mostly held gains this year (up about 2.25% YTD and roughly 0.5% over the past month; the stock closed 0.10% lower on Monday). Its 52-week high is $10.91. Evernorth also highlighted growing activity on the XRP Ledger, saying tokenized real-world assets rose from about $150 million to $4 billion over the past year, helped by spot XRP ETF inflows and an increase in new XRP wallets. At the time of the filing, XRP was trading near $1.10, up about 2.3% in 24 hours, with volume rising ahead of U.S. CPI data. What it means The SEC filing is a sign Evernorth is formalizing governance and pay structures as it inches toward a public listing through the SPAC route. The substantial CEO equity award and the $1 billion-plus backing underscore investor confidence in Evernorth’s plan to build a large institutional XRP treasury vehicle — though the transaction still depends on regulatory and shareholder approvals. The new Japanese outreach suggests a push to broaden XRP education and engagement in a market Evernorth says was an early supporter of the token. We’ll monitor the SEC review, shareholder votes and any regulatory developments that could affect the proposed XRPN listing and Evernorth’s strategy for scaling an XRP treasury business. Read more AI-generated news on: undefined/news

1 hour ago

Circle Shares Slip as Banks Urge Senate to Tighten CLARITY Act Over USDC Yield Loophole

Circle shares slip as US banks press Senate to tighten CLARITY Act wording Circle Internet Group (CRCL) fell more than 2% in pre-market trading after a coalition of US banking groups urged Senate leaders to tighten stablecoin language in the CLARITY Act. In a joint letter, the banks asked lawmakers to revise Section 404 before advancing the bill, warning that its current wording could open a loophole allowing stablecoin issuers to offer interest-like incentives that pull customer deposits out of traditional banks and into tokens such as USDC. The banks flagged particular risk to community and regional lenders, saying vague language around yield-related incentives could accelerate deposit flight. “Ensuring that stablecoin regulations draw clear and enforceable boundaries around interest- and yield-like incentives is therefore essential,” the letter said. Political backdrop and bill prospects The renewed lobbying comes days after President Trump urged Congress to pass the CLARITY Act in honor of Senator Lindsey Graham, who died on July 12. But momentum for the bill appears shaky: a report earlier this month said a key White House adviser backing the legislation is on a one-month leave, cutting the estimated probability of passage to about 37%. A Senate floor vote is still expected before lawmakers’ August 7 recess. Market reaction and technical picture Circle’s stock has continued to slide from its June peak near $140, trading around $61 in recent sessions—just above a major Fibonacci support level at $59.39. Analysts note that a decisive break below that level would leave scant chart support until the psychologically important $50 mark. Momentum indicators point to sustained selling pressure: the Chaikin Money Flow sits near -0.39, signaling capital outflows, while the Average Directional Index (ADX) is around 24.7, implying the downtrend retains moderate strength. Any recovery attempt would likely meet resistance at successive Fibonacci retracements near $76.63, $90.17, $99.67, $109.18 and $120.94. Longer-term fundamentals and analyst moves Despite the near-term pressure, several developments support Circle’s longer-term thesis. The firm recently secured a national trust bank charter from the Office of the Comptroller of the Currency, enabling it to operate as a federally regulated trust bank. Institutional interest also showed up: ARK Invest bought roughly $13.8 million of CRCL shares on July 9. Still, sentiment among some analysts has become more cautious. Baird cut its price target on Circle from $138 to $100, citing expectations that Circle’s Q2 2026 revenue will miss Wall Street estimates and warning that the June 30 launch of the OUSD stablecoin could chip away at USDC’s market share over time. Baird, however, noted that Circle’s alignment with the proposed GENIUS Act could ultimately strengthen USDC adoption as the regulatory framework for dollar-backed stablecoins evolves. Separately, Baird and BTIG trimmed target prices for Circle and Coinbase ahead of Q2 earnings but maintained bullish ratings on both names. Bottom line: fresh regulatory pushback on the CLARITY Act and technical weakness are weighing on CRCL in the near term, but charter approval and institutional buying provide offsetting, longer-term support—leaving the stock sensitive to both policy developments and broader market sentiment. Read more AI-generated news on: undefined/news

2 hours ago

Trump Backs UK-US Stablecoin Pact as CLARITY Act Races Amid Banking Pushback

President Trump has thrown his weight behind a new UK–US stablecoin pact as lawmakers race to pass the CLARITY Act—despite escalating pushback from major banking groups over the bill’s stablecoin rules. What the UK and US agreed A joint statement from the Transatlantic Taskforce for Markets of the Future — created in September 2025 — sets out a coordinated approach to regulated stablecoins. Key takeaways: - Both governments view properly regulated stablecoins as an engine for innovation in digital money that can improve cross-border payments, financial market infrastructure and competition. - Regulated stablecoins intended for use as money should be backed one-to-one by clearly defined, high-quality liquid reserve assets under each country’s law. - Reserve and liquidity rules should cut financial risk without erecting needless barriers to new entrants or stifling cross-border competition. - Issuers must keep clear custody arrangements, segregate reserve assets from company funds, and provide timely redemptions for token holders. - In insolvency or restructuring, stablecoin holders should have legally protected claims over reserve assets ahead of other creditors—subject to domestic insolvency regimes. - Issuers should disclose customer rights so token holders understand how their assets are protected. The statement also says the two governments will try to align their domestic rulebooks and reduce unnecessary regulatory differences between the markets, and explicitly supports stablecoin use for cross-border payments, settlement and capital-market transactions. Political backdrop: CLARITY Act and Trump’s push The transatlantic agreement comes as Trump presses the Senate to pass the CLARITY Act before Congress’s August recess, framing crypto legislation as part of his push to make the United States the “crypto capital of the world.” The CLARITY Act remains a central, closely watched crypto bill in Washington; negotiators are still hashing out market-structure provisions, stablecoin oversight and ethics restrictions for elected officials. A compressed legislative calendar is ramping up pressure to finalize the text before lawmakers break for summer. Banking groups push back At the same time, major banking organizations have intensified criticism of the CLARITY Act’s stablecoin language. They say several provisions are vague and could incentivize consumers and businesses to shift money from traditional bank deposits into stablecoins. Banks warn that sustained deposit outflows would put extra strain on community and regional lenders—institutions that rely heavily on deposits to fund loans—and are urging lawmakers to tighten the bill’s wording and add stronger safeguards. What this means for crypto regulation The UK–US joint position doesn’t directly resolve banks’ concerns, but it highlights core protections—fully backed reserves, customer safeguards and clearer legal treatment of stablecoin assets—that both governments prioritize. As each country develops domestic rules, the coordinated framework signals a shared regulatory direction that could shape the final contours of the CLARITY Act and broader global stablecoin policy. Read more AI-generated news on: undefined/news

2 hours ago

Bitcoin Nears $65K as Cooler-than-Expected CPI Slashes July Fed Hike Odds

Bitcoin jumps back toward $65K as cooler-than-expected CPI knocks down July Fed hike odds Bitcoin reclaimed ground toward the $65,000 mark on July 14 after U.S. inflation data came in softer than analysts anticipated, prompting markets to sharply scale back the probability of a Federal Reserve rate increase at next month’s meeting. Key data and market moves - June headline CPI slowed to 3.5% year-over-year, below the 3.8% economists expected, and monthly CPI fell 0.4% versus forecasts for a 0.1% decline, the U.S. Bureau of Labor Statistics reported. - Core CPI (excluding food and energy) rose 2.6% year-over-year and was flat month-on-month, softer than consensus forecasts of 2.8% y/y and +0.2% m/m. For context, May’s prints were 4.2% headline and 2.9% core. - The data sparked a rally in risk assets, with Bitcoin climbing nearly 5% to an intraday high of $64,830 before trading around $64,560 at press time. The bounce followed a slide below $62,000 the previous session amid renewed U.S.–Iran tensions. Repriced Fed expectations - Traders rapidly cut odds of a July rate hike: CME FedWatch shows the probability falling to about 16.6%. - Prediction markets tracked the shift as well: Polymarket’s implied chance of a July hike slid to roughly 9% from highs near 34%, and the chance of at least one hike in 2026 eased to about 53% from a recent peak of 71%. Why this matters for crypto Softer inflation reduces near-term expectations for Fed tightening, which typically supports risk assets such as cryptocurrencies. That immediate relief helped Bitcoin reverse some losses tied to geopolitical risk. But the outlook isn’t risk-free: traders are now watching upcoming Federal Reserve commentary and the producer price index (PPI) report for fresh signals on monetary policy, both of which could reintroduce volatility across crypto markets. Geopolitical and policy cross-currents Macro risks remain elevated. Markets were recently shaken by renewed conflict between the U.S. and Iran and by policy moves from Washington — including a reported reinstatement of an Iranian blockade and a proposal to levy a 20% cargo fee on ships receiving U.S. assistance while transiting the Strait of Hormuz. Analysts warn that any disruption to shipping through that chokepoint could tighten oil supplies and complicate the inflation outlook in the months ahead. Bottom line The softer-than-expected CPI has given cryptocurrencies a clearer runway in the near term by dialing back July hike odds, helping Bitcoin push toward $65K. Still, upcoming Fed remarks, fresh inflation data and developments in the Middle East will likely dictate whether this recovery can be sustained. Read more AI-generated news on: undefined/news

3 hours ago

Avalanche Surges as Bridgetower Tokenizes $11B+, RWA Value Climbs to $2.1B

Avalanche surges as Bridgetower brings $11B+ in tokenized RWAs, pushing network to $2.1B Avalanche’s push into real-world asset (RWA) tokenization accelerated in July after institutional issuer Bridgetower announced it had tokenized more than $11 billion of production-linked assets on Avalanche using Chainlink infrastructure. The move — which includes projects such as the Arizona copper‑gold development — helped drive a sharp surge in on‑chain RWA activity. RWA.xyz data shows Avalanche’s distributed tokenized asset value jumped 60.47% over the past 30 days to roughly $2.1 billion, lifting the chain into the top five blockchains by distributed RWA value. The network also briefly topped RWA.xyz’s list for net RWA inflows following the Bridgetower announcement. Why this matters - Scale and institutional credibility: An $11B institutional deployment marks one of the largest single RWA transfers onto a non‑Ethereum chain and signals growing institutional comfort with Avalanche for tokenized products. - Real on‑chain usage: The recent gain reflects measurable network activity — AVAX is required for transactions, staking and launching subnets — rather than purely speculative trading. - Momentum in product diversity: Beyond treasury tokenization, asset managers and banks are using Avalanche for a wider range of products, from tokenized treasuries to yield instruments and sector-specific funds. Institutional ecosystem growing Avalanche’s institutional footprint was already expanding. BlackRock’s BUIDL tokenized U.S. Treasury fund has grown to more than $900 million on Avalanche. VanEck has announced plans to build a portfolio focused on gaming, DeFi, AI and RWAs on Avalanche, with unused capital allocated to tokenized money market instruments. Franklin Templeton’s BENJI fund and Littio Bank have also chosen Avalanche for yield‑oriented token products. Technical appeal Ava Labs and supporters point to Avalanche’s subnet architecture as a core attraction: subnets let organizations run customizable, high‑throughput, low‑latency blockchains that are EVM‑compatible — features suited to enterprise-grade tokenization and regulatory compliance workflows. Leadership comments and support Ava Labs’ head of business development framed the milestone as proof of Avalanche’s growing standing in tokenization, saying the network now ranks among the top five blockchains for both distributed and represented tokenized asset value and that this is “just the beginning.” The Avalanche Foundation is backing the sector with a $50 million RWA initiative and expects additional subnet launches as institutions explore tokenized financial products. Market context and headwinds Despite the surge, Avalanche still trails Ethereum, which hosts roughly $16 billion in tokenized RWAs per RWA.xyz — leaving significant room but also stiff competition. Layer‑2 networks on Ethereum and other high‑performance blockchains continue to court institutional tokenization dollars. Regulatory clarity will also play a major role: U.S. policymakers, including the SEC, have been discussing tokenization publicly, and regulatory outcomes could influence where institutions choose to deploy assets. Bottom line Bridgetower’s $11B+ deployment has given Avalanche a major headline and measurable on‑chain growth, reinforcing the chain’s institutional narrative and subnet-led technical pitch. Whether Avalanche can translate this momentum into sustained market share will depend on further institutional adoption, product diversity, and how regulatory and competitive dynamics evolve. Read more AI-generated news on: undefined/news

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