17 July

“The “Bitcoin price prediction report,” published yesterday, canvassed 42 panelists from finance, technology and academia. Some respondents (15%) see that point, labeled “hyperbitcoinisation” in the study, occurring as early as 2035. The panel predicted bitcoin’s price will have climbed to $318,417 by December 2025.

Adoption by the developing world is seen as the key driver, with 33% of respondents saying bitcoin will become the currency of choice in developing nations within 10 years.

The momentum will only pick up. The beauty is also that these broken nations will transform faster than major nations as bitcoin undermines the nation state model.”

See Also: Bank of America Approves Bitcoin Futures Trading for Some Clients: Sources

As government officials continue to raise the alarm about stablecoins, Treasury Secretary Janet Yellen will meet with regulators next week to “discuss interagency work” around the crypto niche, which is increasingly drawing attention in Washington. Government officials have been expressing concern about stablecoins, and Tether, in particular.

The President’s Working Group on Financial Markets will convene on Monday, July 19th. It comprises Yellen, Securities and Exchange Commission Chair Gary Gensler, Federal Reserve Chairman Jerome Powell, and the Acting Chair of the Commodity Futures Trading Commission Rostin Behnam.”

See Also: Tether Hasn’t Printed New USDT in Weeks: 3 Possible Explanations

“Binance announced Friday that stock tokens are unavailable for purchase on its website effective immediately, and support for such tokens will end on Oct. 14, with all positions closed the following day. The embattled crypto exchange said the decision had been made to allow it to focus on other products.

Binance introduced its stock token service in April, allowing customers to buy fractions of shares in companies, starting with Tesla and followed quickly by Coinbase. MicroStrategy, Microsoft and Apple were added shortly after.

It did not take long for regulators to raise their eyebrows. The backlash against Binance has come to a head in recent weeks, with regulatory bodies around the world issuing warnings that the crypto exchange is not licensed to be offering regulated services in their markets, including the U.K. and Japan.”