Regulatory Landscape - The Fed, FDIC, and OCC issued joint guidance allowing banks to custody crypto, emphasizing strict risk management and full liability if they hold customers' keys [1] Market Trends & Investment - BitMine Immersion secures 163,000 ETH (approximately $500 million) after a $250 million PIPE raise [1] - Saylor's Strategy buys $472.5 million in Bitcoin as BTC hits $118,000 [2] - Kazakhstan plans to invest state reserves in crypto and create a national crypto asset fund using confiscated and mined assets [2] - A wallet holding 20,000 BTC moved $2.4 billion after 14 years, initially bought for $15,400 [3] - Strategic ETH Reserve exceeds $4 billion, backed by 50 entities [4] Market Cap & Asset Ranking - The global crypto market cap reached a new all-time high of $3.8 trillion [3] - Bitcoin is now the 5th-largest asset globally, surpassing Amazon, Silver, and Google [4] Company Initiatives - Grayscale files confidential IPO plans with the SEC [2] Macroeconomic Factors - Trump states Fed rates are too high, costing the U.S $360 billion per point annually, and calls for a cut to at least 1% [1]
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Cointelegraph·2025-07-15 03:00