Cryptonews

It is a truth universally acknowledged, that a single man in possession of a good fortune, must be in want of a cryptocurrency. However, in the case of Mr. Tomoya Asakura, CEO of SBI Global Asset Management, it is not just any cryptocurrency, but XRP, which he has deemed “the wealth transfer of our generation.” This declaration, made with all the gravitas of a gentleman of high standing, suggests that the adoption of XRP by banks and financial institutions is not only growing but is poised to flourish even more as its value ascends.

Today, as the ISO 20022 transition takes place with Fedwire, the industry is calling this the “biggest payments event in decades.” But don’t worry, it’s not just about boring old tech upgrades—analysts believe XRP is perfectly positioned to catch the sweet, sweet wave of change. 🌊

The intra-Republican debate burst into the open late last week when Ohio Republican Warren Davidson warned in a post on X that the sequencing chosen by party leaders could backfire. “Crypto Week next week in the House,” he wrote on 11 July. “The Senate’s GENIUS Act to regulate stablecoins should be amended… Instead, they want to pass it without amendments… Without the CBDC ban, CBDC delivery architecture would be in place, and nothing would protect self-custody. For this reason, I will oppose the GENIUS Act.” Oh, the drama!

In the latest Capriole newsletter, Edwards waxes poetic about the role of money and liquidity in shaping capital flows, with Bitcoin Treasury Companies serving as the funnel through which the market’s wealth shall flow. He dismisses the notion that the past fortnight’s $20,000 advance was a mere technical accident, instead pointing to deep macro currents that have been building for months.

Roughly $426 million of the total liquidations came from bearish bets, according to Coinglass data, making it one of the largest weekend liquidation events in recent months. The largest single order, a $92.5 million BTC short, was flushed on HTX. Someone’s weekend just got a lot more expensive. 😂

And so, the Bitcoin price sets a new all-time high, a feat worthy of the gods 🙌. The bulls, those masters of the universe, pumped the pair above the $120,000 resistance zone, a mere speed bump on the road to greatness.

In a shocking turn of events, administrators for Ziglu, the collapsed United Kingdom-based crypto firm, have reportedly uncovered a shortfall of $2.7 million (£2 million), raising the likelihood that investors may lose their entire investment. The discovery came after authorities placed the firm into special administration in the first week of July.

The crypto world is buzzing like a hive of bees on a hot summer day, with Bitcoin pushing toward new all-time highs. Binance’s founder and former CEO, Changpeng Zhao (CZ), took to the social media platform X on July 11 to remind everyone that, despite the rally, this is still a long-term game. He quipped:

In a scene reminiscent of a parliamentary debate, Ripple CEO Brad Garlinghouse addressed the U.S. Senate Committee on Banking, Housing, and Urban Affairs, advocating for immediate congressional action to establish clear digital asset market rules. With the aplomb of a seasoned orator, Garlinghouse painted a picture of the U.S. as the potential epicenter of digital asset innovation, a beacon of consumer protection, and a revitalized financial infrastructure, all while the rest of the world watches with bated breath and a hint of envy. 🏛️💰

According to the esteemed official, stablecoins introduce systemic risks to banking institutions that could destabilize the entire financial system, causing sovereign governments to lose control over their currencies. Quite the drama, wouldn’t you say? 😱