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Crypto

Trump fourth-term joke followed by $16.91 million TRUMP token transfer to exchanges

About $16.91 million worth of TRUMP tokens were spotted moving to exchanges shortly after U.S. President Donald Trump joked about seeking a fourth term. It was not confirmed whether any sale occurred, but the transfer revived concerns that project-linked holdings could enter the market. A wallet tied to the project moved 10.84 million tokens via custodian BitGo. Traders focused on supply flows as TRUMP has fallen more than 66 percent over the past five months.

Crypto

Wise to reapply for federal trust bank charter under Genius Act framework

Wise, a London-headquartered cross-border remittance and foreign-exchange services company, will submit a new application for a U.S. federal trust bank charter under the Genius Act stablecoin framework after the Office of the Comptroller of the Currency rejected its original proposal. The Block reported the OCC said the initial filing did not align with new Federal Reserve policy on payment system master account access. Reuters reported Wise will reapply on July 24.

Crypto

BitGo, OTC Markets seek to give broker-dealers access to tokenised securities trading

BitGo and OTC Markets Group are pursuing a partnership to support about 150 broker-dealers in trading, settling and custodying digital asset securities. If implemented, broker-dealers would be able to use the same electronic infrastructure they currently use for over-the-counter securities and U.S. stock trading to quote, trade and settle digital asset securities. The plan combines OTC Link ATS with BitGo’s custody infrastructure.