Cosmos drops Hub-native EVM in sudden pivot

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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…

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France Submits Bill To Test Bitcoin Mining With Excess Power

French lawmakers have submitted a new proposal to transform surplus electricity into economic value through Bitcoin mining. The bill, introduced on July 11, outlines a five-year experimental program that would allow energy producers to use excess power—particularly from nuclear and renewable sources—for mining Bitcoin. 

The initiative is designed to address France’s recurring issue of energy overproduction. Currently, electricity producers are often forced to sell surplus energy at a loss due to limited storage capabilities. “Electricity producers are often compelled to sell overproduced energy at a loss due to a lack of storage, which constitutes an ‘unacceptable…

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Cryptosolo Emerges as a Trusted Cloud Mining Platform — Daily Crypto Profits from Bitcoin & Dogecoin Starting with Just $15

London United Kingdom, July 17, 2025 (GLOBE NEWSWIRE) — Cryptosolo, a global leader in cloud cryptocurrency mining, has officially launched its new “One-Click Mining” service. With just $15, users can easily join cloud mining and start earning daily passive income in popular cryptocurrencies like Bitcoin (BTC) and Dogecoin (DOGE)—no mining hardware, no technical knowledge, and no setup hassle required.

 Core Advantages of Cryptosolo’s One-Click Mining

1、Instant Activation: Register, choose a plan, and start mining within seconds.

2、Smart Mining Allocation: Automatically optimizes mining for top-performing assets like BTC, DOGE, LTC, and SOL.

3、Zero Hardware Costs: No…

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LATEST: Thailand Launches Crypto Sandbox Allowing Tourists To Use Bitcoin Legally

Thailand’s SEC and central bank are launching a crypto sandbox, allowing foreign tourists to convert digital assets into Thai baht for local spending. The move expands on a previous Phuket-based trial, enabling transactions through licensed operators and regulated e-money platforms.

Gulf Binance CEO, Nirun Fuwattananukul, said the sandbox builds on former PM Thaksin Shinawatra’s vision to support crypto use in tourist areas. Approved operators can offer services for 18 months, with extensions possible, under strict anti-money laundering rules, spending caps, and asset eligibility guidelines.

The Tourism Council of Thailand supports the initiative, but urges readiness across the ecosystem. Vice President, Bhummikitti Ruktaengam, said many Phuket stakeholders were unaware of the ongoing public hearing. Concerns remain about illegal businesses, crypto misuse, and the need for clear rules before implementation.

 Report

Canary continues filing spree with staked Injective ETF proposal

Canary Capital proposed a product offering exposure to the native token of the Injective blockchain as it continues its crypto ETF filing spree.

The New York-based fund group’s latest ETF proposal comes as interest in staking-based products accelerates, Canary notes.

The Canary Staked INJ ETF would hold INJ directly and stake a portion of the assets it holds, according to a Thursday filing submitted to the SEC. The filing did not specify the amount it would stake or the staking provider.  

The Injective layer-1 blockchain focuses on letting developers create financial applications. INJ’s market capitalization sits at roughly $1.3 billion — ranking it 89th largest among…

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Standard Chartered | Spot Bitcoin Trading for Institutions

Standard Chartered has made history by becoming the first global systemically important bank (G-SIB) to launch deliverable spot trading for bitcoin (BTC) and ethereum (ETH), a major milestone in the adoption of digital assets by traditional finance.

The UK-based bank announced that the new trading service will allow institutional clients—corporates, asset managers, and other large investors—to trade bitcoin and ethereum directly through its UK branch.

The trades will be settled with actual digital assets, not just derivatives or exposure through funds.

This puts Standard Chartered at the forefront of regulated bitcoin trading, offering a secure, compliant platform for…

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JPMorgan’s Plan To Impose Fees On Data Aggregators Could ‘Cripple’ The Crypto Industry, Say Execs: ‘This Would Put Everyone Out Of Business’ – Robinhood Markets (NASDAQ:HOOD), Affirm Holdings (NASDAQ:AFRM)

JPMorgan Chase & Co.‘s JPM plan to introduce fees for transactions involving cryptocurrencies and third-party services could significantly cripple the fintech industry, say experts.

What Happened: JPMorgan Chase is considering charging data aggregators, such as Plaid and MX, every time a customer transfers funds from their JPMorgan Chase account to a crypto account or a third-party service like Robinhood HOOD.

Crypto firms and fintechs commonly use these aggregators to access customer accounts held at major financial institutions such as JPMorgan Chase.

Check out the current price of JPM stock here.

Anonymous industry executives have expressed concerns that this could make it…

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LATEST: Canadian Public Firm Matador Aims For 6K Bitcoin Treasury By 2027

Bitcoin solutions firm Matador Technologies has revealed plans to buy up to 6,000 BTC by 2027. The Canadian company currently holds 77.4 BTC valued at around $9 million and has set a near-term goal of acquiring 1,000 BTC by 2026. Matador aims to become one of the top 20 corporate Bitcoin holders globally.

The company has filed a CA$900 million ($656 million) shelf prospectus to fund its Bitcoin strategy over the next 25 months. It will use various funding tools including equity offerings Bitcoin-backed credit and strategic acquisitions. TSX Venture Exchange approved its shift to a hybrid technology and investment firm.

Matador’s compounding flywheel strategy focuses on growing Bitcoin per share creating Bitcoin-based revenue and partnering with crypto infrastructure projects. Despite the news the company’s stock dropped 4.65% on Wednesday but remains up 37% in 2025. Corporate treasuries now hold 1.15 million BTC worth $136 billion or nearly 6% of total supply.

Source

Trump-Backed Crypto Bills Stalled Again In House Of Representatives, Marjorie Taylor Greene Holds Out On CBDC Ban: ‘Will Not Vote For This’

House Republican leaders faced another setback Wednesday in their efforts to move key cryptocurrency bills, due to disagreements among GOP lawmakers.

What Happened: The faction, consisting of far-right Republicans, agreed to merge the market-structure-focused CLARITY Act with a separate bill banning a central bank digital currency, Politico reported. However, this decision has been met with resistance from committee members who fear that this merger could risk both bills.

House Speaker Mike Johnson (R-La.) had discussions with members of the Financial Services and Agriculture panels, as well as the opposing faction, the report said.

Interestingly, the roadblock comes after…

Read more on Benzinga