Stablecoin Default Guarantees Pose Risks to the Issuing Banks, Swiss Regulator Says

FINMA’s guidance explains how banks can limit the risks associated with guaranteeing stablecoin customers’ deposits.Source

Ledger Unveils Second New Wallet of 2024

“Ledger Flex”, like the Stax wallet which launched in May, incorporates touchscreen technology to “redefine the experience of self-custody,” CEO Pascal Gauthier said.Source

CoinDesk 20 Performance Update: RNDR’s 12% Gain Leads as Index Rebounds

CoinDesk 20 Index jumped 4.4% fueled by RNDR’s 12.6% rise and NEAR’s 7.7% gain.”Source

Crypto Use in Terror Financing Rises, but Is Still Relatively Small: Singapore

Singapore’s government noted an increasing use of cryptocurrencies in terror financing, even though it acknowledges that cash and other informal value transfer systems remain the predominant means for financial transactions.Source

First Mover Americas: Bitcoin Regains $67,000, Adds Nearly 5% in 24 Hours

The latest price moves in bitcoin (BTC) and crypto markets in context for July 26, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

Elon Musk’s X Quietly Removes Bitcoin, MAGA Emojis From Hashtags

Logos for several tokens started to first appear on X, previously Twitter, in 2020, as a step to improve brand adoption and recall on the internet.Source

Bitcoin Analysts Express Optimism as Price Nears Resistance Level That Stymied It in May

The Bitcoin mining hashrate, a leading indicator for bitcoin rallies, has improved, one observer said, explaining the bullish outlook.Source

BTC Outperforms Broader Crypto Market, Ether Price Drop Mirrors Bitcoin ETF Launch

AAVE is surging following a token buyback proposal.Source

U.S. Presidential Candidate RFK Jr. Says He’s ‘Fully Committed’ to Bitcoin

The presidential candidate said he has most of his wealth in the digital asset.Source

Jersey City to Invest in Bitcoin ETFs, the Latest Pension to Dive Into Crypto

The municipal pension plan of Jersey City, New Jersey, will soon invest in bitcoin via exchange-traded funds, according to a Thursday social media post from Mayor Steven Fulop.Source