1. πΊπΈ U.S. House Advances Crypto Legislation in βCrypto Weekβ Vote
After a 10-hour debate, the U.S. House of Representatives green-lit three major crypto bills (the GENIUS Act, CLARITY Act, and AntiβCBDC Act), clearing them for final voting. This progressβdriven by Speaker Mike Johnson and President Trumpβcould soon bring comprehensive regulatory frameworks for the crypto industry as Bitcoin hovers above $120KΒ .
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2. π¦ Bank of America Set to Launch Its Own Stable coin
Bank of America CEO Brian Moynihan confirmed that the bank is actively developing a USDβpegged stablecoin, testing client demand and collaborating with other institutions. Morgan Stanley and Citigroup are also exploring similar initiatives, signaling a full-scale banking embrace of digital currenciesΒ .
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3. π ChinaAMC Launches First RMBβDenominated Tokenised Money Fund
China Asset Managementβs Hong Kong branch unveiled the worldβs first tokenised money market fund denominated in Chinese yuan. This marks a tokenised shift in mainstream finance, complementing Hong Kongβs upcoming stablecoin regulations set for August 1Β .
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π¦ 4. India Sees Record $150β200M Inflows Amid Bitcoin Rally
As Bitcoin nears all-time highs, Indian crypto exchangesβCoinDCX, Coinswitch, Mudrex, and Zebpayβhave recorded a surge of $150β200 million in net inflows over the past week. This highlights growing retail enthusiasm in one of the fastest-growing crypto marketsΒ .
