White House To Release Crypto Policy Report On July 30

White House To Release Crypto Policy Report On July 30.

In a massive development, White House crypto adviser Bo Hines has provided an update on the crypto policy report that the President’s Digital Asset Working Group was working on. They plan to release it on July 30, with the crypto community highly anticipating an update on the Strategic Bitcoin Reserve.

In an X post, Bo Hines revealed that the President’s Working Group on Digital Assets has completed its 180-day report and will release it publicly on July 30. He further declared that the United States is now leading the way in digital asset policy.

Tesla’s Bitcoin Holdings Now Worth $1.2B After 30% BTC Price Rally in Q2.

Tesla’s bitcoin stash is now worth around $1.2 billion after the cryptocurrency’s price climbed 30% in the second quarter of this year, according to its earnings report.

The gain reflects a recent change in how U.S. accounting rules treat digital assets — one that works in Tesla’s favour.

Tesla currently holds 11,509 BTC, according to BitcoinTreasuries.Net, making it the tenth largest publicly traded company to hold the crypto asset on its balance sheet. Bitcoin is currently trading at around $118,000, up from $83,000 on April 1.

CoinShares Secures French MiCA License, Cementing EU Presence.

CoinShares, a major European cryptocurrency investment firm, has secured a license under the local regulatory framework, Markets in Crypto-Assets Regulation.

CoinShares received the MiCA license through its French subsidiary, CoinShares Asset Management, the company announced on Wednesday.

With the license, CoinShares became the “first continental European regulated asset management company” to be qualified under MiCA, the announcement noted.

CoinShares, a major provider of crypto exchange-traded products in Europe, has also been expanding its US presence since acquiring Valkyrie Funds last year.

Ozzy Osbourne’s Death Sparks 400% Surge In CryptoBatz NFTs.

Ozzy Osbourne’s death at 76 on Tuesday sparked a surge in the non-fungible token market as fans rushed to own a piece of the heavy metal icon’s legacy through his CryptoBatz collection.

Within hours of the announcement of his passing, the floor price of his CryptoBatz NFTs briefly surged by more than 400%, from under 0.02 Ether to as high as 0.08 ETH, according to OpenSea data.

At current market prices, the peak floor price for a CryptoBatz NFT was $295 at 8:00 pm UTC on Tuesday, according to CoinGecko.

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