Category: crypto

Raymond James initiated coverage of SpaceX with a Strong Buy rating and an $800 price target, suggesting a 440% upside. Other Wall Street firms like Morgan Stanley, Goldman Sachs, Citigroup, UBS, and Wells Fargo also issued positive ratings. SpaceX is expanding its Starlink plans, Ark Invest added shares, and its Bitcoin holdings are in focus.

XRP price increased by 1.6% following SWIFT’s blockchain payments pilot with Ripple-linked banks. However, ETF outflows indicate weakening institutional demand. Technical indicators suggest sellers still have the upper hand. The pilot does not directly impact XRP demand, as it relies on tokenized bank deposits instead of XRP. Resistance levels need to be reclaimed for a…

CME Group faced a setback as the CFTC delayed the launch of its planned 24/7 crude oil futures trading. The regulator paused the rollout to further review legal and market concerns. Despite this, CME plans to launch Treasury Link in Q4 2026 pending approval, while facing disputes with the CFTC over other products.

OpenAI has launched GPT-5.6 with models Sol, Terra, and Luna across ChatGPT, Codex, and its API. GPT-5.6 Sol introduces a four-agent reasoning system and higher-compute modes. OpenAI confirms SpaceXAI will release Grok 4.5, intensifying competition in the advanced AI models market. Pricing for the API starts at $5 per one million input tokens for Sol.

Senate is preparing to advance the CLARITY Act with merged draft expected next week before August recess. Democratic support uncertain, negotiations ongoing on ethics rules, DeFi, and stablecoin provisions. White House denies blocking SEC and CFTC nominees. Legislative calendar compressed, Senate aiming for floor action week of July 20.

Ethereum Foundation finds verifying AI bug reports harder than generating them. They use AI agents to uncover real vulnerabilities in software used by Ethereum, but most effort is spent validating findings. Multiple agents are used in a workflow to filter unreliable reports. Human validation remains essential for confirming vulnerabilities and ensuring security.

Bitcoin has risen above $63,000 with a 2% gain in the last 24 hours due to lower oil prices and softer U.S. bond yields boosting sentiment towards risk assets. The Crypto Fear & Greed Index remains in Extreme Fear, indicating weak investor confidence. Technical indicators show improving momentum with Bitcoin testing key resistance levels.

Bitdeer Technologies invests $36 million in a Nevada facility to produce SEALMINER Bitcoin mining machines, aiming to start commercial production by the end of 2026. The move strengthens U.S. manufacturing capacity and reduces reliance on external suppliers. Bitdeer’s stock rose 14.1% following the announcement, highlighting the company’s growth strategy.

Paul Grewal is stepping down as Coinbase’s chief legal officer on July 31, becoming an adviser. Molly Abraham will take over as general counsel as Congress reviews the CLARITY Act. Coinbase continues advocating for crypto market legislation after the dismissal of its SEC lawsuit. Grewal will disclose his next role in the future.

UK Labour MPs are proposing a permanent ban on cryptocurrency donations to political parties following Nigel Farage’s resignation amidst investigations into multimillion-pound gifts from crypto industry figures. The proposal aims to strengthen safeguards against political influence from wealthy donors. Lawmakers will debate the amendments, while Labour selects a new leader who may impact UK crypto…