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XRP ETFs Keep Drawing Cash, So Why Is the Price Down 40%?
- XRP ETFs pulled in $27.29 million in July, extending a four-month inflow streak.
- The token trades near $1.08, down roughly 40% since January, per CoinGecko data.
- Bitcoin and Ethereum funds still dominate, pulling in $172 million and $365 million in July.
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The Web’s Missing Payment Primitive Didn’t Need Better Tech, It Needed to Ditch Humans
- Micropayments died since the 1990s on cognition, not technology.
- x402 removes the human, not the friction, from the decision.
- Average x402 payment is 32 cents, not a fraction of a cent.
The Self-Proclaimed Satoshi Nakamoto Attacks Bitcoin Governance Model
- Craig Wright resurfaced on August 2 with a sharp critique of the Bitcoin governance model.
- He argues the base protocol should stay permanently fixed to prevent control by developers.
- A UK High Court ruled in 2024 that Wright is not Satoshi and had forged documents extensively.
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Stop Acting Like the CLARITY Act Is Everything, Former Regulator Says
- Giancarlo says crypto innovation continues whether the CLARITY Act passes or fails
- He compares crypto to the internet, which grew without an authorizing statute
- CLARITY has sat on the Senate calendar since a 15-9 committee vote
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South Koreans are Sending Stablecoins to Foreign Exchanges at Record Rate
- South Koreans sent $367 million more in stablecoins abroad than they received.
- June was the 18th month in a row of net outflows.
- They also put $1.28 billion into foreign leveraged funds that month.
Iran Denies Trump’s Hormuz Deal, Oil Jumps but Bitcoin Watches
- Iran says no deal exists to reopen the Strait of Hormuz.
- Only 2.6 million of 20 million daily barrels can bypass the strait.
- Bitcoin held near $63,101, about 50% below its October 2025 record.
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Stablecoin Banking Competition Expands Beyond Settlement
- Stablecoins are gaining ground across payments, payroll, business transfers and settlement.
- Card issuance, foreign exchange, compliance and account management offer providers greater revenue opportunities and stronger customer relationships.
- Stablecoin neobanks face growing responsibility as they combine payments, yield, credit and trading within one product.
Trump Media Sells More Bitcoin as Truth Social Plans Subscription Fees
- Trump Media sold another 2,628 BTC worth roughly $165 million, Lookonchain says.
- Filings show the remaining 4,260.73 BTC is pledged as collateral until 2028.
- Truth API's list price tops the firm's entire $871,200 first quarter revenue.
