News & Research

Benchmark analyst Mark Palmer stated that the passage of the CLARITY Act could lead to increased institutional adoption of cryptocurrencies by providing regulatory clarity for traditional financial institutions, according to CoinDesk. The Act aims to distinguish cryptocurrencies as either commodities or securities, potentially removing legal uncertainty and enabling firms like Galaxy Digital and Coinbase Exchange to benefit from broader market participation.

Blockchain infrastructure firm Everything Blockchain (EBZT) announced plans to spin off MemeStrategy, a new public company focused on memecoins like PEPE, BONK and SPX6900, according to GlobeNewswire press release. EBZT shareholders will receive one MemeStrategy share for every six EBZT shares after U.S. SEC and FINRA approvals. MemeStrategy aims to blend viral digital culture with equity markets, while EBZT continues its crypto yield and validator operations.

Strategy (formerly known as MicroStrategy), the largest corporate holder of Bitcoin (BTC), acquired 4,225 BTC between July 7 and July 13, at an average price of $111,827, totaling $472.5 million, according to Aggr News on X.

AI-driven education firm Genius Group bought 32 more Bitcoin (BTC), increasing its total to 180 BTC, according to @btcNLNico on X. The company has previously stated its goal to eventually acquire up to 1,000 BTC.

Binance Exchange announced on its official X account that it will launch trading for Chainbase (C) on July 14, at 12:00 UTC. Users with at least 160 Binance Alpha Points can claim a 750 C token airdrop on a first-come, first-served basis. The airdrop costs 15 Alpha Points and must be confirmed on the Alpha Events page within 24 hours; otherwise, the claim will be void.

Matador Technologies (TSXV: MATA) has filed a preliminary short form base shelf prospectus with Canadian securities regulators, aiming to raise up to CAD $900 million ($658.2 million) through the issuance of common shares, debt securities, warrants and other securities over the next 25 months, according to Globe Newswire press release. The funds will be used for Bitcoin (BTC) accumulation, business expansion and strategic acquisitions.

Nasdaq-listed Sonnet BioTherapeutics will merge with Rorschach I LLC to create Hyperliquid Strategies, Inc., a public crypto treasury company holding 12.6 million HYPE tokens and $305 million in cash, with an estimated $888 million valuation, according to The Block. The deal, backed by investors like Paradigm and Galaxy Digital, aims to build one of the largest HYPE reserves. Sonnet will become a subsidiary, while Hyperliquid Strategies continues on Nasdaq under a new ticke

Binance Exchange is set to introduce a token issuance platform similar to Pump.fun, according to Solid Intel on X.

Binance Alpha, a platform within Binance Wallet that showcases early-stage crypto projects, will add TAC (TAC) on July 15, according to an X post by Binance. The platform selects tokens based on community engagement and emerging market trends. Alpha facilitates on-chain trading by integrating it directly into the Binance Wallet and Exchange.

Hungary has introduced stringent cryptocurrency regulations, criminalizing unauthorized transactions and services, with penalties including up to two years in prison for basic offenses. According to Forbes, an estimated 500,000 Hungarian citizens could be affected by the new rules, which came into effect on July 1. The legislation’s vague guidelines have left the crypto community in a legal gray area. The move has raised concerns over a potential exodus of crypto businesses from Hungary, as the country’s approach diverges from the EU’s new unified crypto framework.