Mois : juillet 2025

Un succès fulgurant. Le rappeur Snoop Dogg, connu pour son amour du cannabis (à consommer avec modération), de la musique et des cryptomonnaies, vient de réussir un coup de maître en vendant près d’un million de NFT sur Telegram en seulement 30 minutes. Cette nouvelle collection, inspirée par le style iconique du chanteur américain, a généré pas moins de 12 millions de dollars de ventes, marquant un tournant dans l’univers des NFT à collectionner.

Snoop Dogg et Telegram : une collaboration explosive

Snoop Dogg n’en est pas à son coup d’essai dans le monde des NFT. Après avoir lancé plusieurs collections à succès, le rappeur californien s’est associé à Telegram pour proposer une série de « cadeaux numériques » sur la blockchain TON. Ces NFT, allant des voitures vintage aux objets liés au cannabis, en passant par des symboles emblématiques, ont littéralement été pris d’assaut par les fans.

Selon Pavel Durov, fondateur de Telegram, la collection a été écoulée en un temps record, avec près de 996 000 NFT vendus. « Le mint sur la blockchain et le marché secondaire seront en ligne dans 21 jours. Ça va être sauvage », a-t-il déclaré dans le message ci-dessous.

Alors que certains observateurs annonçaient la fin des NFT, la performance de Snoop Dogg prouve (en partie) le contraire. Et malgré une baisse générale des volumes de transactions, certaines collections continuent de faire parler d’elles.

Les NFT de Snoop Dogg ont rapidement trouvé preneur – Source : Compte X

Les NFT : un marché en pleine mutation ?

La collaboration entre Snoop Dogg et Telegram pourrait ainsi marquer le début d’une nouvelle ère pour les NFT à collectionner. Un certain Zenith, responsable NFT chez TON, rappelle avec enthousiasme sur X que « les Gifts [cadeaux] Telegram ont l’utilité la plus unique, à savoir la possibilité de les porter sur votre profil Telegram ».

Et avec des personnalités uniques et populaires comme Snoop Dogg qui continuent d’investir dans ce secteur, il est fort probable que d’autres marques et célébrités suivent le mouvement. « Je ne serais pas surpris si d’autres marques célèbres ou des personnalités internationales du Web3 voulaient aussi lancer des Gifts ! », ajoute-t-il enfin.

Snoop Dogg, de son vrai nom Calvin Broadus, est devenu une figure incontournable de la culture pop depuis ses débuts dans les années 90. Connu pour ses collaborations avec Dr. Dre et Tupac Shakur, il a su diversifier ses activités, devenant acteur, producteur et même entrepreneur dans le cannabis. Avec cette nouvelle incursion dans les NFT, il confirme son statut de pionnier, toujours à la pointe des tendances avec ce côté cool si légendaire.

Avec près d’un million de NFT vendus en 30 minutes, Snoop Dogg prouve une fois de plus qu’il est le roi du marketing et sa collaboration avec Telegram pourrait bien marquer le retour des NFT. De quoi relancer la hype du dernier bull run ? On n’en est pas là, mais au moins, le marché n’est pas mort. Et c’est déjà en soi une bonne nouvelle pour les amateurs.

L’article Snoop Dogg et Telegram : une collection NFT qui fait un carton en 30 minutes est apparu en premier sur Journal du Coin.

By Omkar Godbole (All times ET unless indicated otherwise)

Everyone’s buzzing about bitcoin (BTC) finally catching a bid, setting record prices on several exchanges and igniting bullish excitement. But don’t let the spotlight on BTC cast AI coins into the shadow.

Major tokens supposedly associated with artificial intelligence, such as TAO, ICP, RENDER and FET, surged as much as 8% in the past 24 hours, outpacing even the 10 largest coins by market cap.

The catalyst is chipmaker Nvidia, a bellwether for all things AI, which rallied to a market valuation of $4 trillion on Wednesday, the first time any company has achieved this milestone.

« The size and success of this giant, and the other US tech behemoths, underscores how much the AI trade can overwhelm the market’s response to week-to-week fluctuations in economic data and policy headlines, » Lisa Abramowicz, co-host of Bloomberg Surveillance, said on X.

In other words, the AI sub-sector of the crypto market could get really hot.

Let’s turn to ether (ETH), the second-largest cryptocurrency, which also outshone the No. 1 coin yesterday amid record trading volumes in BlackRock’s spot ether ETF. The rally followed Fidelity’s latest report, which highlighted the Ethereum blockchain’s lead over Solana and other programmable chains in terms of developer activity, total value locked (TVL) and stablecoin use.

The report emphasized ether’s dual role as both a medium of exchange and a store of value — narratives that have worked in bitcoin’s favor for years.

In other news, PUMP, the official token of Pump.fun, traded 40% above its upcoming ICO price, while FART, VIRTUAL, and PENGU have each logged double-digit gains. SHIB appeared poised to outperform BTC, but continued to trade on a weak footing against its rival, DOGE.

Finally, macroeconomic factors necessitated that traders prepare for volatility. As QCP Capital astutely put it: “With a reignited trade war, a hawkish Federal Reserve, and tightening liquidity, volatility is likely to spike. Macro catalysts are lining up—so buckle up for a wild ride.” Stay alert.

What to Watch

CryptoJuly 10, 10 a.m.: The Polygon (POL) Proof-of-Stake (PoS) blockchain is set to activate the Heimdall hard fork on mainnet, reducing finality time to around 5 seconds, and bringing « faster checkpoints, smoother UX, safer bridging, and head-room for the next wave of upgrades. »July 14, 10 p.m.: Singapore High Court hearing on WazirX’s Scheme of Arrangement, marking a critical step in the exchange’s restructuring after the $234 million hack on July 18, 2024.July 15: Alchemist staking update launches, allowing token holders to stake ALCH for access to advanced features, premium benefits and ecosystem rewards, potentially boosting token utility and demand.July 15: Lynq is expected to debut its real-time, interest-bearing digital-asset settlement network for institutions. Built on Avalanche’s layer-1 blockchain and powered by Arca’s tokenized U.S. Treasury fund shares, Lynq enables instant settlement, continuous yield accrual and improved capital efficiency.July 15, 3 p.m.: U.S. Senate Committee on Agriculture, Nutrition, and Forestry holds a market structure hearing titled “Stakeholder Perspectives on Federal Oversight of Digital Commodities.” Livestream link.July 16: July 16, 9 a.m.: U.S. House Ways and Means Committee oversight hearing titled « Making America the Crypto Capital of the World: Ensuring Digital Asset Policy Built for the 21st Century. »MacroJuly 10: The 37th U.K.-France Summit takes place in London, where British Prime Minister Keir Starmer and French President Emmanuel Macron will discuss defense cooperation and migration management.July 10, 8 a.m.: The Brazilian Institute of Geography and Statistics (IBGE) releases June consumer price inflation data.Inflation Rate MoM Est. 0.2% vs. Prev. 026%Inflation Rate YoY Est. 5.32% vs. Prev. 5.32%July 10, 8:30 a.m.: The U.S. Department of Labor releases unemployment insurance data for the week ended July 5.Initial Jobless Claims Est. 235K vs. Prev. 233KContinuing Jobless Claims Est. 1980K vs. Prev. 1964KJuly 10, 1:15 p.m.: Fed Governor Christopher J. Waller gives a speech at an event hosted by the Federal Reserve Bank of Dallas and the World Affairs Council of Dallas/Fort Worth. Livestream link.July 10–11: The fourth Ukraine Recovery Conference in Rome, bringing together global leaders and stakeholders to advance Ukraine’s recovery and reconstruction as the war with Russia drags on.July 11, 8:30 a.m.: Statistics Canada releases June employment data.Unemployment Rate est. 7.1% vs. Prev. 7%Employment Change Est. 0K vs. Prev. 8.8KAug. 1, 12:01 a.m.: Reciprocal tariffs take effect after President Trump’s July 7 executive order delayed the original July 9 deadline, making this the start date for higher tariffs on imports from countries without trade deals.Earnings (Estimates based on FactSet data)July 23: Tesla (TSLA), post-marketJuly 29: PayPal Holdings (PYPL), pre-marketJuly 30: Robinhood Markets (HOOD), post-marketJuly 31: Coinbase Global (COIN), post-marketJuly 31: Reddit (RDDT), post-market

Token Events

Governance votes & callsCompound DAO is running multiple votes on whether to adopt an Oracle Extractable Value (OEV) solution for Ethereum Mainnet, Unichain, Base, Polygon, Arbitrum, Optimism, Scroll, Mantle, Ronin and Linea. Delegates can choose between implementing Api3, Chainlink’s Secure Value Relay (SVR), or maintaining the current setup without OEV. Voting for all of these ends July 12.1inch DAO is voting on a $25,000 grant proposal to research trustless cross-chain swaps between Bitcoin and Ethereum Virtual Machine networks using native Bitcoin tools like Taproot. Voting ends July 14.Aavegotchi DAO is voting on a $245,000 funding proposal to expand Gotchi Battler into a revenue-generating game with PvE modes, NFTs and battle passes, aiming to reverse declining player numbers, boost GHST utility, and create sustainable rewards. Voting ends July 22.UnlocksJuly 11: Immutable (IMX) to unlock 1.31% of its circulating supply worth $11.19 million.July 12: Aptos (APT) to unlock 1.76% of its circulating supply worth $52.14 million.July 15: Starknet (STRK) to unlock 3.79% of its circulating supply worth $15.69 million.July 15: Sei (SEI) to unlock 1% of its circulating supply worth $14.75 million.July 16: Arbitrum (ARB) to unlock 1.87% of its circulating supply worth $33.35 million.July 18: Official TRUMP (TRUMP) to unlock 45.35% of its circulating supply worth $833.52 million.July 18: Fasttoken (FTN) to unlock 4.64% of its circulating supply worth $88.8 million.Token LaunchesJuly 10: JPY Coin (JPYC) to be listed on Binance.July 10: Pre-market derivatives on Pump.fun’s PUMP launch on Binance, Aevo.July 12: Pump.fun to launch itsiInitial coin offering (ICO) where 33% of the supply of PUMP will be sold. The ICO will be conducted on Bybit, Kraken, Bitget, MEXC, KuCoin and Gate.io.

Conferences

The CoinDesk Policy & Regulation conference (formerly known as State of Crypto) is a one-day boutique event held in Washington on Sept. 10 that allows general counsels, compliance officers and regulatory executives to meet with public officials responsible for crypto legislation and regulatory oversight. Space is limited. Use code CDB10 for 10% off your registration through July 17.

Day 1 of 4: Mallorca Blockchain Days (Palma, Spain)July 16: Invest Web3 Forum (Dubai)July 20: Crypto Coin Day 7/20 (Atlanta)July 24: Decasonic’s Web3 Investor Day 2025 (Chicago)July 25: Blockchain Summit Global (Montevideo, Uruguay)July 28-29: TWS Conference 2025 (Singapore)

Token Talk

By Shaurya Malwa

Pump.fun’s token PUMP is currently trading at $0.0056 on derivatives exchange Hyperliquid, a 40% premium to its impending ICO price of $0.004, as traders speculate on post-launch demand.The PUMP-USD perpetual contract went live on July 9 following community requests and offers up to 3x leverage. In its first 24 hours, the contract saw $30 million in trading volume, indicating strong interest despite the token not yet being live on-chain.Open interest on Hyperliquid stood at over $17 million during Asian morning hours on July 10. Activity is expected to rise further as Binance Futures introduces its own PUMP perpetual contract at 07:30 UTC today.The token sale will distribute 33% of the total 1 trillion supply, with 18% already allocated in a private round and 15% set for the public sale. Both tranches are priced at $0.004 and will be fully unlocked at launch.The project is marketing PUMP as more than a meme token — positioning it as the foundation for a decentralized Web3-native social platform that rivals TikTok, Twitch and Facebook by rewarding users with financial benefits instead of just engagement.Since its rise in early 2024, Pump.fun has played a central role in Solana’s memecoin boom, offering frictionless token launches and capturing over $600 million in protocol revenue, largely from trading and launch fees.

Derivatives Positioning

BTC and ETH funding rates on offshore perpetual exchanges are holding below annualized 10% despite price rallies, indicating little signs of overheating. Ether perpetual futures open interest climbed for a fourth straight day, hitting a tally of 5.46 million ETH. Funding rates for XRP, DOGE, ADA, HYPE and SUI topped the 10% mark, indicating a growing interest in long positions. On the CME, three-month basis in BTC futures bounced slightly to 8% from 5% early this month, but overall activity remains subdued. On Deribit, BTC and ETH call skews strengthened across tenors. However, front-end options show relatively stronger call skew. That’s a sign of under-positioned traders panic buying with the price rise. OTC network Paradigm reported mixed block flows in BTC options, featuring risk reversals and put spreads. Traders bought ETH topside across tenors from July to December.

Market Movements

BTC is up 0.31% from 4 p.m. ET Wednesday at $111,066.23 (24hrs: +1.99%)ETH is up 1.4% at $2,776.71 (24hrs: +6.09%)CoinDesk 20 is up 1.28% at 3,278.09 (24hrs: +3.75%)Ether CESR Composite Staking Rate is up 22 bps at 3.19%BTC funding rate is at 0.0083% (9.1224% annualized) on BinanceDXY is down 0.16% at 97.40Gold futures are up 0.42% at $3,335.00Silver futures are up 0.68% at $36.88Nikkei 225 closed down 0.44% at 39,646.36Hang Seng closed up 0.57% at 24,028.37FTSE is up 1.12% at 8,966.42Euro Stoxx 50 is up 0.36% at 5,465.01DJIA closed on Wednesday up 0.49% at 44,458.30S&P 500 closed up 0.61% at 6,263.26Nasdaq Composite closed up 0.94% at 20,611.34S&P/TSX Composite closed up 0.26% at 26,972.32S&P 40 Latin America closed down 1.42% at 2,669.65 U.S. 10-Year Treasury rate is up 1.2 bps at 4.354%E-mini S&P 500 futures are down 0.15% at 6,297.50E-mini Nasdaq-100 futures are down 0.13% at 23,022.00E-mini Dow Jones Industrial Average Index are down 0.20% at 44,631.00

Bitcoin Stats

BTC Dominance: 64.55 (-0.32%)Ether-bitcoin ratio: 0.02506 (0.67%)Hashrate (seven-day moving average): 902 EH/sHashprice (spot): $60.45Total fees 4.95 BTC / $541,118CME Futures Open Interest: 151,575BTC priced in gold: 33.4 oz.BTC vs gold market cap: 9.47%

Technical Analysis

The BTC breakout from the counter-trend channel, although encouraging, still warrants caution as prices remain below the May high of around $112K.A firm move above that level is needed to cement bullish expectations, opening doors for $115K, the long-term trendline hurdle. The positive MACD histogram supports the bull case.Still, traders need to be vigilant for a renewed weakness here as that would likely strengthen the double top narrative, leading to a self-fulfilling decline.

Crypto Equities

Strategy (MSTR): closed on Wednesday at $415.41 (+4.65%), -0.38% at $413.85Coinbase Global (COIN): closed at $373.85 (+5.36%), +1.34% at $378.87Circle (CRCL): closed at $200.68 (-2.02%), +3.72% at $208.15Galaxy Digital (GLXY): closed at $20.17 (+3.65%), +0.3% at $20.23MARA Holdings (MARA): closed at $18.46 (+5.37%), +0.81% at $18.61Riot Platforms (RIOT): closed at $12.24 (+5.79%), -0.33% at $12.20Core Scientific (CORZ): closed at $13.43 (-4.21%), -0.3% at $13.39CleanSpark (CLSK): closed at $12.47 (+7.5%), -0.16% at $12.45CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $25.24 (+1.37%)Semler Scientific (SMLR): closed at $42.32 (+1.46%), +0.14% at $42.38Exodus Movement (EXOD): closed at $32.4 (+0.87%), unchanged in pre-market

ETF Flows

Spot BTC ETFs

Daily net flows: $215.7 millionCumulative net flows: $50.13 billionTotal BTC holdings ~1.26 million

Spot ETH ETFs

Daily net flows: $211.3 millionCumulative net flows: $4.74 billionTotal ETH holdings ~4.22 million

Source: Farside Investors

Overnight Flows

Chart of the Day

Ether has replaced bitcoin as the most active cryptocurrency in the futures market. The switch follows reports that market makers are « short gamma » in ether options and could trade in the direction of the market, adding to volatility.

While You Were Sleeping

This One Metric Suggests Bitcoin Has Plenty of Room Left to Run (CoinDesk): Despite a wave of corporate adoption, with public companies adding bitcoin and fueling a boom in the BTC price, on-chain data suggests there’s room for further gains. The MVRV Z-Score of 2.4 remains far below the 7+ levels seen at past cycle peaks.BlackRock’s Spot Ether ETF Registers Record Trading Volume of 43M Amid Net Inflows of $158M (CoinDesk): Daily volumes have been rising for over a month, as evidenced by the 30-day average, which climbed to a record 18.83 million from 12.97 million in early June, TradingView data shows.Bitcoin Bulls Increase Exposure as Trump’s Pressure on Fed Pushes $15B Into BTC ETFs, Analyst Says (CoinDesk): The relentless flows are now forcing « under-positioned » traders to chase upside through derivatives, reviving the bullish momentum in the cryptocurrency, according to Markus Thielen, founder of 10x Research.Trump Says 50% Tariff on Copper Imports Will Begin Aug. 1 (CNBC): In a Wednesday Truth Social post, the president cited national security concerns, highlighting copper’s importance to the Department of Defense. The metal has surged over 15% in the past two days.Brazil Won’t Take Orders From Trump, President Says (The Wall Street Journal): Trump linked the 50% tariff on Brazil to the prosecution of former leader Jair Bolsonaro, prompting President Lula to denounce U.S. interference and convene an emergency cabinet meeting to plan a reciprocal response.Starmer and Macron Agree to Nuclear Deterrence Pact to Fend Off Threat to Europe (New York Times): Britain and France’s new pact marks their first coordinated nuclear strategy and reflects growing pressure to bolster European defense as U.S. support for Ukraine becomes less certain.

In the Ether

Mort, le marché des tokens non fongibles (NFT) ? Pas du côté de Snoop Dogg. Le rappeur vient en effet de vendre près d’un million de NFT en une demi-heure.

L’article Snoop Dogg vend près d’un million de NFT en 30 minutes est apparu en premier sur Cryptoast.

The cracks in DAO governance are beginning to show. In the span of a few weeks, two high-profile players—Solana-based exchange Jupiter and NFT conglomerate Yuga Labs—abandoned their DAO structures, issuing blunt statements about dysfunction and disillusionment.

Jupiter cited a “breakdown in trust,” while Yuga CEO Greg Solano called Apecoin DAO “sluggish, noisy and often unserious governance theater.”

While hundreds of DAOs still operate across crypto with thousands of participants, questions are being raised over whether DAOs, once the beating heart of crypto’s decentralization dream, can flourish in this cycle.

DAOs, decentralized autonomous organizations, are blockchain-native governance systems that allow token holders to vote on treasury allocation, protocol upgrades, and more. In the last decade of crypto experimentation, they were heralded as the future of community capitalism. Now, their limitations seem to be catching up with them.

“I absolutely understand the frustration with sluggish, broken governance, » said Kollan House, founder of MetaDAO. “This is the problem with token voting.”

From Political Idealism to Tokenized Theater

Originally celebrated as a way to “give a voice to the voiceless,” DAOs have often been criticized for being a legal and financial gray area. By issuing “governance tokens,” many projects found a way to circumvent securities laws, without delivering the accountability or utility those tokens promised.

Today, CoinMarketCap lists 273 DAO tokens with a combined market cap of over $21 billion. But those numbers are misleading. Nearly 50% of that value is concentrated in just three tokens—Uniswap (UNI), Aave (AAVE), and Bittensor (TAO). At the other end of the spectrum, 63 DAO tokens are worth less than $1 million, effectively dead-on-chain.

Take Mango Markets for example. It was once a bustling decentralized exchange that notched more than 1,000 governance proposals. It now has zero activity after the platform shut down in February, but $19 million worth of MNGO tokens still exist – completely useless.

A Broken Model?

DAOs were often criticized for “governance theater”—in other words, for appearing to be decentralized and governed by the crowd, but actually being controlled or dictated by a small number of people.

DAOs required large numbers of people to participate in order to be effective. But numbers were often lacking, leading to disillusionment. “To vote on anything, you need a quorum. But to reach quorum, you need incentives. And when you start incentivizing voting, you get mercenary participation. Everything works against itself from the start,” House said.

Joshua Tan is executive director of Metagov, a research group focused on self-governance.

“There are reasonable questions about the value DAOs are actually providing,” Tan, co-author of a recent report on DAO M&A, told CoinDesk. “Grant systems are often inefficient. Governance can be a mess. Still, this doesn’t mean DAOs are done. It just means they’re changing.”

In Tan’s view, the struggles of Jupiter and Yuga Labs are symptomatic of deeper systemic issues. But governance failures at particular projects shouldn’t be confused with a failure of the DAO concept itself.

Read more: Joshua Tan, Jillian Grennan and Bernard Schmid – The State of DAO M&A

“If you compare billion-dollar DAOs to billion-dollar public companies, sure, DAOs look inefficient,” he said. “But so do most corporate boards. Governance is a cost center—not a profit center. That doesn’t mean it’s dispensable.”

Not Dead—But Mutating

Far from writing off the concept, Tan and House both see a bright future for DAOs—albeit one that looks radically different. House points to futarchy, a governance model where decisions are made based on prediction markets, as a promising evolution. MetaDAO is actively building a fundraising platform rooted in that vision.

“We’re solving issues with liquidity, decision making and ownership,” House said. “The goal is to build the organizations of the future from the start.”

Tan is focused on infrastructure—developing standards for DAO mergers and acquisitions (M&A), governance tooling, and valuation metrics through Metagov and DAOstar.

“We need to build muscles that TradFi has had for decades,” Tan said. “That includes M&A workflows, legal frameworks, and robust metrics—not just relying on TVL.”

The regulatory gray zone is another ongoing headwind. While some jurisdictions like Wyoming, Utah, and the Cayman Islands have built legal wrappers for DAOs, others lag behind. And even where structures exist, they’re often expensive and impractical for small teams.

“We’re still seeing two to three DAO registrations per week in the Caymans,” Tan noted. “These are $50K setups. The fact that people are paying that much tells you DAOs still offer unique advantages.”

DAO Consolidation is Coming

Both experts agree: a shakeout is inevitable.

“We’ll probably end up with 50 to 100 vibrant DAOs,” Tan said. “Just like after the ICO boom, most will disappear. And that’s fine.”

What remains will be leaner, better governed, and—hopefully—less performative.

Tan sees a future where DAOs don’t disappear, but merge into broader organizational strategies, particularly in the merging of TradFi and DeFi. DAOs could become tools in the corporate stack—used when necessary, ignored when not.

“The underlying tech, smart contracts, is here to stay,” he said. “Not everyone wants the ‘movement’ version of DAOs. But the infrastructure layer is decentralized. It’s modular. Companies will choose what fits.”

What Happens Now?

A good governance system is invisible when it works—and painfully obvious when it doesn’t. That truism now haunts the DAO ecosystem.

“The dream of community-led protocols isn’t dead,” said House. “But we’re still discovering the right way to build it. And failure is part of that.”

“Governance can’t be optional. Without it, you get chaos. But that doesn’t mean the system we’ve built so far is the right one,” Tan said.

It remains to be seen whether more DAOs will follow Yuga and Jupiter in shutting down community governance, but one thing is clear. DAOs may be struggling, but they aren’t dead, for now.

Read more: What Is a DAO?

Cryptocurrency users in the U.K. will be required to provide certain information to service providers relating to their digital asset activity from Jan. 1 2026, or risk a fine.

Users must provide their full name, date of birth, address, country of residence and tax identification numbers.

Failure to do so could land them a penalty of up to 300 pounds ($408).

His Majesty’s Revenue and Customs (HMRC) said the information will help users’ crypto activity be linked to their tax record to work out how much tax is payable.

The requirement pertains to users’ dealings with all businesses classed as crypto service providers. These include exchanges, wallet apps, non-fungible token (NFT) marketplaces and services that help users manage their crypto portfolios.

Read More: Crypto for Advisors: It’s Tax Time

If the U.S. House of Representatives manages to reach a floor vote on the Senate’s stablecoin bill next week, it could result in President Donald Trump fulfilling at least half of his mission to deliver new laws for the crypto sector this summer.

That’ll be a highlight among a bundle of actions during a period labeled « Crypto Week » by lawmakers hoping to record significant legislative wins for the sector. But the bigger-ticket item is the Digital Asset Market Clarity Act to establish first-ever federal regulations to oversee the wider U.S. crypto markets. That effort is also going to spend some more immediate time in the spotlight during a Senate hearing on Wednesday as that chamber continues its crypto momentum after notching a major recent win with passage of its stablecoin bill.

The Senate bill to regulate stablecoin issuers, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, will be tackled without an effort to meld its language with the House’s similar legislation, a person familiar with the House’s planning confirmed. A yes vote in the House would send it to Trump’s desk to be signed into law, where it would become the first major law to regulate the U.S. crypto space.

That development would effectively abandon the House’s own Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act, as the House bends to the momentum demanded by Trump and its Senate counterparts. Politics is speeding beyond recent suggestions from Representative French Hill that the two chambers could iron out material differences between the bills to find a « common constructive landing place. »

Clarity

As GENIUS rises toward a potential status as a second major Trump legislative accomplishment in as many weeks — joining his budget push that is already energizing significant elements of the president’s agenda — the House will redirect its major focus on the Clarity Act that’s the bigger hit in the one-two crypto punch weighed by Congress. At his White House crypto summit earlier this year, Trump set an ambitious August deadline for two related pieces of crypto legislation: the stablecoin bill and rules for the structure of crypto markets. When the Senate recently passed its legislation to govern the issuers of stablecoins (such as Tether’s USDT and Circle’s USDC), the president called for the House to sign off on that bill right away rather than pushing its own language, and he seems to be getting his way.

Senator Bill Hagerty, the backer of the GENIUS Act, said in a statement, « I look forward to enacting the GENIUS act into law, and to working with my colleagues to move the CLARITY act through the Senate in short order. »

While the Senate Banking Committee Chairman Tim Scott had declared a September 30 deadline for market structure legislation to be cleared through the Senate, it was unclear whether the chamber would lean into its own legislation or borrow more heavily from the House’s Clarity Act. Scott said that Clarity would be a « strong template for us to move forward on. »

However, Scott’s committee can’t move forward alone and also needs the Senate Agriculture Committee to agree to the approach, and that panel is so far trailing. A spokesperson told CoinDesk that Chairman John Boozman is keen to install the Commodity Futures Trading Commission as a chief crypto regulator and that his committee will pursue a hearing sometime this month, though its calendar remains bare.

So far, House lawmakers have cleared the Clarity Act through the relevant committees, and a vote from the overall House would send it over to the Senate for consideration. If Trump follows his game plan with GENIUS, he may urge the Senate to just take up the House legislation without putting its own spin on the language and delaying the process. But in most legislative matters, the Senate’s more difficult road for passing bills tends to put it into the driver’s seat as efforts near the finish line.

Hill said he’d be « ready to work alongside the Senate as they work to advance standalone market structure legislation by the end of September. »

A digital assets advocacy group, Stand With Crypto, sent a letter to all the House lawmakers this week calling form them to get behind the Clarity Act, arguing that the bill « will not only enable and empower developers to innovate, but also protect consumers through choice, foster greater participation in the blockchain economy and strengthen national security. »

And industry insiders including Ripple CEO Brad Garlinghouse were set to make a case for legislation at Wednesday’s Senate hearing.

« Once market structure legislation for digital assets becomes law in the U.S., this will catalyze a new era of U.S. competitiveness and unlock efficiencies in financial transactions — dramatically helping consumers and businesses alike, » Garlinghouse contended in the testimony he submitted to the Senate Banking Committee.

Crypto Week is also set to tackle what’s been a shared grievance of the crypto industry and congressional Republicans: the idea that the U.S. could ever issue a central bank digital currency (CBDC). The Anti-CBDC Surveillance State Act would block such an instrument from ever being created by the Federal Reserve, with its advocates arguing that a U.S. token could let the government spy on citizens’ finances, though there has been no serious U.S. effort underway to launch such a coin to compete with other jurisdictions such as China and Europe.

What’s next

The GENIUS Act is widely expected to pass the House, and an earlier version of the CBDC bill already did last year. If the market structure legislation also passes the House, as a predecessor bill known as Financial Innovation and Technology for the 21st Century Act (FIT21) easily did in the last session, the Senate becomes the last hurdle for the crypto industry’s top priority.

Still, it’s not a done deal there. The Senate generally needs 60 votes to pass a bill of this kind. While GENIUS got a whopping 68-30 approval, many of the Democrats who joined Republicans to pass the stablecoin bill shared reservations about the coming market structure effort.

Some influential Democrats, such as Senator Elizabeth Warren, hold a lot of sway over their party, and they’ve argued for months that the market structure effort leaves regular people insufficiently protected and poses national-security concerns. However, the more prominent complaint from Democrats is that President Trump’s heavy involvement in the crypto industry poses a potential conflict.

Though his representatives have defended his family’s deep ties to businesses that include involvement with memecoins, stablecoins, non-fungible tokens (NFTs), digital wallets and crypto exchange-traded funds (ETFs), Trump’s Democratic critics say the president’s ties amount to high-level corruption, and the lawmakers are pushing legislative provisions to ban senior government officials from such connections to the sector.

Coinbase pousse à la clarté réglementaire. La branche de lobby politique de Coinbase, Stand With Crypto, s’est associé à une multitude d’entreprises cryptos pour exhorter les législateurs américains à adopter rapidement le CLARITY Act, un projet de loi crucial pour la régulation du secteur de Bitcoin (BTC) et des actifs numériques. Dans une lettre adressée aux membres de la Chambre des représentants, ces groupes soulignent l’urgence de clarifier le cadre réglementaire pour éviter que les États-Unis ne perdent leur leadership dans le secteur.

Une coalition crypto autour de Coinbase appelle à l’adoption du CLARITY Act

Le CLARITY Act vise à définir les rôles respectifs de la Commodity Futures Trading Commission (CFTC) et de la Securities and Exchange Commission (SEC) dans la supervision des cryptomonnaies. Ce projet de loi donnerait à la CFTC la majeure partie de la juridiction sur les cryptos, tandis que la SEC se concentrerait sur les produits financiers liés aux actifs numériques numériques.

La lettre ouverte de Stand With Crypto de Coinbase, signée par des poids lourds du secteur US des cryptos comme OpenSea (la place de marché NFT), a été adressée ce 7 juillet 2025 aux membres de la Chambre des représentants des États-Unis.

Elle met en garde contre les signes déjà visibles d’un déclin du leadership américain au sein de la cryptosphère. La lettre souligne que « l’absence actuelle de règles standardisées entrave l’innovation et l’adoption institutionnelle, ce qui pousse les talents et les entreprises [cryptos] vers des juridictions étrangères plus favorables aux cryptomonnaies ».

Le Congrès face à des décisions cruciales pour l’avenir de Bitcoin et des cryptos aux USA

La lettre de Stand With Crypto et de ses partenaires arrive à un moment critique, alors que les membres Républicains de la Chambre ont annoncé une « crypto week » pour examiner 3 projets de loi relatifs aux cryptomonnaies, donc le CLARITY Act.

Le président de la House of representatives, Mike Johnson, a déclaré que la chambre basse du Congrès US examinerait également l’Anti-CBDC Surveillance State Act, qui interdit les monnaies numériques de banque centrale (MNBC), et le GENIUS Act, qui régule les stablecoins avec clarté, justement. Ce dernier projet de loi a déjà été validé au Sénat, et n’attend plus que l’approbation de la Chambre avant d’être signé par le président Donald Trump.

Le CLARITY Act devra lui encore passer par le Sénat s’il passe bien sa validation par la Chambre des représentants. Alors que le Congrès se prépare à débattre de tous ces projets de loi, le secteur crypto étasunien retient son souffle. Car s’il est loin d’être parfait (à cause de sa complexité), le règlement MiCA en Union européenne est lui déjà en place. Ainsi, même si ce dernier est très contraignant, les acteurs cryptos souhaitant offrir leurs services en Europe savent à quoi s’attendre.

L’article Cryptos aux USA : Coinbase et le secteur demandent au Congrès de voter le CLARITY Act est apparu en premier sur Journal du Coin.

Non-fungible token (NFT) trading platform OpenSea has acquired Rally, the company behind Rally wallet, as it continues its pivot into token trading.

Terms of the acquisition remain undisclosed.

According to a press release shared with CoinDesk, OpenSea’s chief technology officer Nadav Hollander will be handing over the role to Chris Maddern, Rally’s CEO. Rally co-founder Christine Hall will also join OpenSea as the company’s chief of staff.

OpenSea will use the acquisition to strengthen its trading platform, which has been operating across 17 blockchains since it went live to the public in May.

“The Rally team shares our vision of a more accessible and delightful onchain trading experience for everyone,” said Devin Finzer, co-founder and CEO of OpenSea. “We’re excited to bring their passion and expertise to OpenSea as we build the best place to discover, trade, and create onchain, with mobile at the forefront.”

Rally operates primarily as a crypto wallet, recently foraying into a mobile app that combines self custody with social features and multiple currencies.

OpenSea plans to integrate Rally’s wallet technology and mobile-first design into the platform as it moves towards becoming a fully-fledged trading platform.

“Joining OpenSea is a natural next step for Rally’s mission,” said Chris Maddern, incoming CTO of OpenSea. “Together, we’ll accelerate the adoption of web3 by making it easier, safer, and more social to engage with digital assets, no matter where you are in your journey.”.

No further details were revealed about OpenSea’s native OS token, which was announced in February.

BONK continued its explosive run, climbing 11% over the 24 hours ending July 8 with trading volume surpassing $1 billion.

After plunging to $0.000021124, BONK staged a dramatic recovery and closed at $0.000022868. As of the latest reading, the token trades at $0.0000228, slightly off highs but firmly within bullish territory.

A consolidation zone formed between $0.000022848 and $0.000023033, with a breakout attempt at 10:25 GMT accompanied by a volume spike, underscoring building bullish pressure.

Momentum is also soaring on the social front. Posts on X (formerly Twitter) highlight BONK’s milestone flip of TRUMP, making it the fourth largest memecoin by market cap.

The community-powered bonk.fun platform, now commanding 54.7% market share, is credited for driving both user activity and on-chain buybacks.

Users have also pointed to BONK’s vibrant meme ecosystem, anticipating that upcoming art-based campaigns and NFT-style projects could become new growth engines.

Institutional and macro narratives are also aligned. Tuttle Capital’s rumored 2x leveraged BONK ETF has stirred speculation, while dovish Fed signals and global tariff extensions have broadened crypto risk appetite.

With breakout volume, confirmed support, and a hyper-engaged community driving attention across meme culture and DeFi, BONK looks well-positioned for continued upside in the near term.

Technical Analysis Highlights

BONK traded in an 11.49% range, from $0.000021124 to $0.000023862, during the July 8 session.$0.000021124 was confirmed as key support with 2.60 trillion volume during the reversal.Final-hour price held between $0.000022848–$0.000023033, forming a bullish consolidation band.A 41.5 billion unit spike at 10:25 GMT signaled renewed buying pressure and potential breakout.Volume averaged 11.2 billion units per minute in the final hour, indicating sustained demand.BONK flipped TRUMP to become the fourth largest memecoin by market cap, backed by social momentum.Bonk.fun platform dominance and anticipated meme-art initiatives support long-term growth narrative.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

Luxury car manufacturer Automobili Lamborghini said it will debut its latest sports car in the metaverse.

The Temerario and its GT3 counterpart will be available as limited edition digital collectibles in open-world metaverse Wilder World, according to an emailed announcement shared with CoinDesk on Monday.

The metaverse is a virtual reality world allowing humans to interact with each other, play games and transact, often involving digital version of real-life items.

There was a lot of hype around the metaverse during the digital asset bull market of 2021, with Mark Zuckerberg renaming Facebook « Meta » to reflect its focus in this area.

However, much of this interest faded over the subsequent two years, as user engagement stagnated and many companies shifting their attention to artificial intelligence (AI).

Lamborghini however is seemingly undeterred, teaming up with Web3 investment and development heavyweights Animoca Brands last year to create digital experiences for fans and customers.

The Italian car company is offering 590 Temerario streetcars and 10 of the GT3 counterparts for $300 apiece from July 11. The digital sportscars will be mintable on Wilder World, non-fungible token (NFT) marketplace OpenSea and Lamborghini’s own Web3 platform Fast ForWorld.