The Daily Crypto Brief!
All major crypto headlines at one place.
GM readers! Cryptocappy is back on the block! Ready to unpack the freshest updates from the crypto universe? Buckle up.
Standard Chartered Predicts Record-Breaking H2 for Bitcoin Amid Surging Institutional Demand
Bitcoin might be heading for its best-ever second half of the year, thanks to big buys from institutions and treasury firms, says Standard Chartered’s Geoff Kendrick. Just before BTC crossed $109K, he predicted even more buying in Q3 and Q4—possibly beating Q2’s 245K BTC total. Treasury firms like MetaPlanet and Strategy are stacking BTC. ETFs and treasury support—missing in past cycles—are now generating new hopes.
Trump’s ‘Big Beautiful Bill’ Clears Senate—But Crypto Tax Breaks Left Behind
The U.S. Senate just barely passed President Donald Trump’s big budget bill on Tuesday—but it left out important tax changes that would’ve helped people in the crypto world. In the final rush before the vote, pro-crypto senators and industry leaders tried to add an amendment that would give tax breaks to crypto miners, stakers, businesses holding crypto, and everyday users. But they ran out of time, and the changes didn’t make it in.
Judge allows Celsius, a bankrupt crypto lender, to move forward with its $4 billion lawsuit against Tether
Celsius claims that during the 2022 crypto crash, Tether sold 39,500 Bitcoin—worth about $4 billion today—that was being held as loan collateral. The sale was meant to recover an $812 million loan, but Celsius says Tether broke the contract by not waiting the required 10 hours before selling the assets.
Tether had earlier called the lawsuit a “shakedown” and said it had no merit. Meanwhile, Celsius’s collapse wiped out billions in investor funds and led to a 12-year prison sentence for its former CEO, Alex Mashinsky.
Ripple Seeks US Bank License to Boost RLUSD Stablecoin Ambitions
Ripple has applied for a U.S. national bank license, which would let it operate under federal rules instead of getting separate licenses in each state. If approved, Ripple could directly manage its RLUSD stablecoin and offer more crypto services like handling tokenized assets and cross-border payments.
Right now, Anchorage Digital is the only crypto firm with a national trust bank license. Analysts say this trend shows crypto is shifting from its anti-bank roots to working more closely with the traditional financial system.
That’s all for today. Catch you tomorrow with more latest updates. Until then have a great day!
