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 favor.

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.

Square Begins Rollout Of Bitcoin Payments For Sellers.

Jack Dorsey’s Square has begun the rollout of bitcoin payments for merchants on its network.

Square began onboarding the first sellers, enabling them to accept Lightning Network-powered BTC payments from customers, Owen Jennings, executive officer at Square’s parent company Block, posted on X on Tuesday.

Payments are settled in real-near time using Bitcoin layer-2 Lightning, with Square processing the exchange into fiat.

Square plans to make the service available to all merchants using its sales platform by next year.

Court Approves $1.9B Reserve Release, Enabling Next FTX Distribution.

FTX has secured court approval to reduce its disputed claims reserve by $1.9 billion, This move will release significant funds for the next round of customer and creditor distributions. The reserve cut, approved by the Delaware bankruptcy court, reduces the total claims reserve from $6.5 billion to $4.3 billion.

According to the press release, FTX stated that the next record date for eligible claims will be August 15, 2025. Payments for allowed claims are expected to begin on or around September 30, 2025. This timeline applies to Class 5 Customer Entitlement Claims, Class 6 General Unsecured Claims, and newly allowed Convenience Claims.

Goldman Sachs & BNY Mellon Team Up For Tokenized Money Market Funds.

Bank of New York Mellon and Goldman Sachs are rolling out tokenized money market funds for clients as digital asset adoption is accelerating.

BNY, which is one of the oldest and largest custody banks in the world overseeing $53 trillion of assets, announced on Wednesday to start offering institutional investors token versions of money market fund share classes via its LiquidityDirect platform. Ownership records and transactions are recorded on Goldman Sachs Digital Asset Platform’s blockchain. Institutions that have signed up include BlackRock, Fidelity among others.

Tether Says It Is Planning A Comeback To The U.S. Market.

Tether, the world’s largest stablecoin issuer, is preparing to re-enter the U.S. market. CEO Paolo Ardoino told Bloomberg that the company is working on a domestic strategy focused on institutional use, including payments and interbank settlements.

This move follows the signing of the GENIUS Act by President Donald Trump on July 18, which could allow banks and tech firms to issue stablecoins. Tether had stayed away from the U.S. due to previous legal issues.

BitMine Stock Begins Options Trading On NYSE.

BitMine Immersion Technologies, a crypto mining and Ethereum treasury firm, has begun options trading for its stock on the New York Stock Exchange from July 23, 2025.

This milestone gives both retail and institutional investors wider access to trade and hedge BitMine shares.

According to Chairman Thomas Lee, the listing reflects strong belief in BitMine’s growth and its goal of owning 5% of the world’s Ethereum.

The company combines energy-efficient mining in places like Trinidad and Texas with advisory services and asset accumulation.

Brazil’s VERT Tokenizes $130M Debt Instrument On XRP Ledger.

Brazil Fund manager VERT has issued a $130 million Receivables Certificate on the XRP Ledger following the launch of its tokenized private credit platform. This marks a significant development for the network, as these debt instruments finance the agricultural sector, which contributes more than 20% of Brazil’s GDP.

In a press release, VERT announced that its tokenized private credit platform’s first live transaction is the issuance of an Agribusiness Receivables Certificate worth $130 million. This followed the launch of its tokenized platform for managing private credit operations.

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