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The deal would follow Cantor's first bitcoin financing deals on May 27, which closed with Maple Finance and FalconX.

Cantor Fitzgerald SPAC to close $4 billion bitcoin deal with Adam Back: report

The proposal argues that an unprecedented threat requires Bitcoin’s community to take unprecedented action.

‘Existential Threat’: Bitcoin Proposal Would Freeze Satoshi’s Quantum-Vulnerable Coins

XRP is on fire, with the price of the token rocketing past key resistance levels and currently outperforming Bitcoin and Ethereum.

XRP Smashes Key Price Barrier, Flashing Bullish Signs: Analysis

While crypto markets immediately sank on the news that the House had failed to advance its plans for digital asset legislation, prices recovered quickly.

U.S. House Sees Hiccup in Crypto Bills Procedural Votes as Freedom Caucus Objects

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

The Daily: OG bitcoin whale moves BTC worth billions to Galaxy Digital, why ‘Crypto Week’ bills could take the industry mainstream, and more

Standard Chartered says a $750 billion stablecoin market size could influence Treasury issuance and emerging market stability.

Standard Chartered says stablecoins overshadowed bitcoin in discussions; $750 billion market size could trigger macroeconomic shifts

UNITY

As prominent U.S. crypto insiders and Republicans in Congress push for industry unity on the House's Clarity Act, senators prepare to go their own way.

House's Crypto Markets Bill on Track, But Some in Industry Hope For Senate Overhaul

Is GameStop trying to be the next Strategy? CEO Ryan Cohen gives a look into its Bitcoin treasury approach and talks crypto payments.

GameStop CEO Ryan Cohen Talks Bitcoin Strategy, Teases Potential Crypto Payments

DOGE

DOGE leads majors in crypto selloff. Banks can hold crypto under strict rules: Fed. Whale sends $2b BTC to Galaxy Digital for sale. Sequans buys $79m BTC. BTC backed loans cross $1b collateral on Coinbase. StanChart first global bank to offer BTC, ETH trading. Bitmine immersion buys $500m ETH. Sharplink bought another $73m ETH, now top holder. BofA launches crypto weekly research, bullish on ETH. Ripple, Circle, BitGo seek US bank trust license. xStocks can now be used as collateral on Kamino. Grayscale files for IPO. Revolut Pay on Moonpay available across UK, EEA. Tornado cash trial to begin today. Kazakhstan details crypto reserve plans

PUMP TOKEN DEBUTS AT $5.5B FDV, PENGU LEADS ALL MOVERS, ETH OUTPREFORMS

Previously, Dimon has not only said that Bitcoin has no value, he even referred to it as a Ponzi scheme earlier this year.

JPMorgan CEO Dimon says bank will pursue stablecoins, even as he questions their appeal

BNB is celebrating its eighth anniversary and has recently undergone a $1 billion token burn.

BNB Slips Nearly 2% as Traders Cash Out After Run Higher

The process involves daily on-chain holdings verification, reconciling balances with the number of fund shares outstanding.

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