Key Takeaways SPCX closed at $131.11 on July 16, down 3.08% and below its $135 IPO price for the first time. SpaceX raised a record $86 billion in its June 12 IPO and shares topped $225 before the slide. SpaceX holds 18,712 BTC worth about $1.19 billion, among the largest corporate bitcoin treasuries. A Retreat
Key Takeaways Judge Martinez froze Libra wallets after police traced the funds, exposing the networks used to hide them. Wallets moved millions through crypto exchanges, allowing authorities to use KYC rules to identify users. A Libra Trust now manages the remaining funds, planning to distribute them as grants to local companies. Federal Judge Orders Identification
Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. Gokongwei-backed digital bank GoTyme Bank reported it reached 10 million users as of July 2026, three years after its initial launch. The company stated its total customer deposits have exceeded P53 billion, or approximately $861.45
Key Takeaways Sen. Bernie Moreno said the CLARITY Act text would drop right after the July 17 meeting with Trump. Sen. Ruben Gallego called the GOP’s ethics language ‘very weak’ as Democrats withhold crucial votes. The bill needs 60 Senate votes, including at least 7 Democrats, before the Aug. 8 recess deadline. Delay After Delay
Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. Contributions to the Personal Equity and Retirement Account (PERA) system reached P757.554 million in the first half of 2026, representing a 45.3% increase from P521.363 million during the same period last year. The total number
Key Takeaways Circle paired with BIND Group, letting Argentine firms access USDC liquidity via the BEN platform. BIND’s network will power USDC corporate treasuries, positioning the bank for looming crypto rule changes. Argentina emerged as a prime hub for Circle, with USDC capturing 46% of the country’s stablecoin volume. Circle announces Strategic Institutional Alliance with
Key Takeaways Visa Stablecoin Platform combines stablecoin issuance, wallet infrastructure and payment-network connectivity in one managed environment. The platform initially supports Open USD and targets treasury, settlement, liquidity and embedded-payment use cases. Select-client beta testing will determine whether Visa can convert institutional interest into broader stablecoin adoption. Visa Aims to Turn Stablecoin Interest Into Institutional
Key Takeaways Bilal bin Saqib of PVARA challenged a June ruling by a top Karachi seminary declaring crypto unlawful. JS Global Capital warned the ruling could stall bank-led adoption for Pakistan’s 240 million people. PVARA is now working with scholars to define at least 2 safe categories of asset-backed digital tokens. Internal Debates Over Shariah
Key Takeaways Betmgm said 94% of semifinal qualification money backed France. France was Draftkings and Betmgm’s largest remaining outright liability. Polymarket and Kalshi World Cup winner markets topped $5.5B in volume. Prediction markets logged billions but did not take the same side France’s surprise World Cup elimination delivered a favorable result for major sportsbooks after
Key Takeaways Crypto.com secured $400 million from Citadel Securities at a $20 billion valuation. Citadel Securities’ backing may deepen institutional ties across crypto and capital markets. Crypto.com plans tokenized securities and derivatives after its first round in 10 years. The deal, announced Thursday, gives Crypto.com fresh capital to expand beyond cryptocurrency trading and further into