LATEST: Thumzup Media Board Approves $250M Treasury in Bitcoin, XRP, Dogecoin, Others

Thumzup Media Corporation has approved holding up to $250 million in cryptocurrency assets including Bitcoin Ethereum Solana XRP Dogecoin Litecoin and USDC. The Los Angeles-based AdTech company with Donald Trump Jr. as a major investor is expanding its treasury to gain broader exposure to digital assets. CEO Robert Steele said the move aligns with shifting US policies that are becoming more favorable toward crypto innovation and regulation.

Thumzup aims to stay ahead of the curve by backing a range of top cryptocurrencies which Steele believes will create long-term value for shareholders. The firm which lets users earn cash for promoting branded content on social media is also working to enhance its crypto strategy as the market gains mainstream acceptance. Trump Jr. who holds 350000 shares worth roughly $4 million serves as an advisor to Dominari Holdings alongside his brother Eric.

Despite reporting a Q1 net loss of $2.2 million compared to $330712 last year Thumzup stock closed at $12.59 on Thursday down 2.93% for the day but up 16.9% in five days and 267% year-to-date according to Yahoo Finance.

Source

Anarchy, crime and stablecoins – Blockworks

This is a segment from The Breakdown newsletter. To read more editions, subscribe.

“Arise, you have nothing to lose but your barbed wire fences!”

— Timothy May, 1988

The Crypto Anarchist Manifesto

What would Timothy May think of “Crypto Week”?

If the OG cypherpunk and author of The Crypto Anarchist Manifesto were here to read the statement from the House of Representatives — itself a kind of manifesto — declaring this to be Crypto Week, I expect he’d have mixed feelings about it.

He’d certainly object to the idea of a “Crypto Czar,” appointed by the president of the very government whose authority he hoped to undermine.

(“Cryptologic…

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Behind the scenes of Solana’s slow validator problem

This is a segment from the Lightspeed newsletter. To read full editions, subscribe.

As issues with Solana’s code have been ironed out over the years, block times — or how long it takes the network to produce a new block of transactions — have declined, even dipping under Solana’s putative level of 400ms.

But over the past month, an interesting trend has emerged: Median block times spiked, and Solana was adding new transactions to the blockchain slower than before. At fault was a new meta among Solana validators that showed it can be lucrative to produce blocks slowly. Anza, Jito and Marinade appear to be weighing fixes to the problem, Blockworks has learned.

Solana… Read more on Blockworks

Crypto market structure bill passes US House

The US House on Thursday passed the CLARITY Act, a first-of-its-kind cryptocurrency market structure bill that has divided the industry. 

The bill passed in a 294-133 vote with 78 Democrats voting in favor of the measure. 

Read more: Move over, big, beautiful bill: Crypto Week is coming

The CLARITY Act divides authority over digital assets between the Commodity and Futures Trading Commission and the Securities and Exchange Commission. 

The legislation also establishes a formal definition for “digital commodities.” These would fall under the CFTC’s purview while cryptocurrencies classified as securities would be the SEC’s responsibility. 

Representatives who…

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Cathie Wood’s Bitcoin Target: What $100 Could Become By 2030

Bitcoin BTC/USD investors are celebrating with the leading cryptocurrency making new all-time highs in July.

For investors in Bitcoin or those on the sidelines, the good news is the price could keep going up according to Ark Invest CEO Cathie Wood.

Here’s a look at Wood’s predictions for Bitcoin in 2030 and how much a small investment today could be worth if she’s right.

Following Wood Into Bitcoin: Wood has been a vocal bull for the cryptocurrency sector for years, specifically for Bitcoin.

Ark Invest has updated its price targets for Bitcoin several times, with most of the prices significantly higher than where Bitcoin trades today.

Earlier this year, Ark updated its Bitcoin price targets…

Read more on Benzinga

LATEST: Australian Court Allows Bitcoin And Crypto As Legal Mortgage Collateral

Crypto holders in Australia can now use their Bitcoin to buy a home, as Block Earner launches the country’s first Bitcoin-backed home loan. The move comes after the fintech company won a major legal battle against ASIC, proving it did not need a financial services licence to offer the product. Block Earner said it is working closely with regulators to ensure full compliance, while helping Australians tap into their digital assets for real-world use.

The company highlighted how housing affordability has shifted when viewed through the lens of Bitcoin. In 2016, the average Australian home cost 627 BTC, while in 2024, that figure has dropped to just 4.3 BTC. Gold has followed a similar trend, falling from 350 ounces to about 170 ounces for the same home. Block Earner argues that long-term holders of inflation-resistant assets like Bitcoin now have stronger purchasing power.

The Bitcoin-backed home loan offers a new path to home ownership for crypto investors. It allows people to enter the property market without selling their Bitcoin, turning digital wealth into real estate opportunities.

Source

$344M And Counting: What Is Ripple Co-Founder Chris Larsen Planning With His XRP Transfers?

Ripple co-founder and executive chairman Chris Larsen has transferred roughly $26 million worth of XRP XRP/USD to Coinbase COIN this week, according to recent on-chain activity.

This adds to an estimated $40 million in XRP that Larsen has already moved to exchanges since January 2025, The Block reported on Thursday.

The latest movements were first highlighted by DL News, which noted that Larsen has transferred a total of $344 million in XRP to exchanges and external wallets throughout this year.

While it’s not confirmed whether the assets have been sold, transactions include direct transfers to Coinbase and intermediary wallets linked to exchanges like Binance, according to data from XRP…

Read more on Benzinga

Russia’s Sberbank Plans To Launch Bitcoin And Crypto Custody Services

Sberbank, Russia’s largest lender, plans to offer custody services for cryptocurrency assets, aiming to lead the country’s digital asset infrastructure as demand for bitcoin and crypto services grows.

The move comes as Russia’s central bank has softened its stance on digital assets, recently supporting legislation that allows businesses to use bitcoin and crypto in international trade to bypass Western sanctions imposed on Russia over its conflict in Ukraine.

The executive director of Sberbank Anatoly Pronin said the bank has submitted proposals to the central bank regarding the regulation of bitcoin and crypto assets. He noted that more banks globally are starting to…

Read more on BitcoinMagazine

LATEST: PAX Technology To Add Bitcoin Payments Into 80M POS Device

PAX Technology, a global leader in payment solutions, has partnered with Lunu Pay to enable crypto payments across its network of over 80 million terminals. This move allows retailers worldwide to accept cryptocurrencies like Bitcoin, Ethereum, and more, with instant fiat conversion and zero volatility risk.

Merchants using PAX’s Android-based terminals can now accept over 30 cryptocurrencies without any additional hardware. Shoppers can pay using popular wallets such as MetaMask, Binance, and Trust Wallet, offering a flexible and modern checkout experience.

Lunu ensures instant crypto-to-fiat conversion, with same-day settlement in over 30 fiat currencies, including USD, EUR, and GBP. With PAX terminals active in more than 120 countries, this upgrade marks a major step in mainstream crypto adoption, making digital payments simple, fast, and secure for both businesses and consumers.

Cosmos drops Hub-native EVM in sudden pivot

This is a segment from the 0xResearch newsletter. To read full editions, subscribe.

Interchain Labs (ICL) has charted a new course for Cosmos.

The core team, which has been behind the ecosystem’s strategy and development since the start of the year, announced that it’s shelving plans to make the Cosmos Hub a smart contract platform hosting an EVM layer. Instead, it will double down on the Cosmos Stack’s role as an infrastructure toolkit for sovereign L1s, targeting businesses, institutions and developers looking to launch their own chains.

The decision wasn’t easy. ICL leadership admitted in a candid townhall that the push to add its EVM directly onto the Hub was…

Read more on Blockworks