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Crypto

Binance CEO says crypto is financial infrastructure, not just an investment asset

Binance co-chief executive Richard Teng (텡) said cryptocurrencies should be seen not merely as trading assets but as core infrastructure underpinning financial systems. He said crypto markets often run 24 hours a day and can settle trades far faster than traditional markets constrained by set trading hours and T+2 settlement. Teng linked this view to Binance’s push toward a “financial super app” and pointed to growth in tokenised real-world assets.

Crypto

U.S. CLARITY Act stalls; Bitcoin and XRP face \'double pressure\' amid regulatory gap

With the U.S. CLARITY Act pushed back again to July, Bitcoin and XRP are struggling around the psychological supports of $60,000 and $1. A U.S. House hearing is set for July 17 in New York, while a 60-vote Senate threshold remains key. Market participants cite ETF outflows, a strong dollar and rate expectations weighing on sentiment. In South Korea, financial firms are moving ahead with partnerships and infrastructure plans as digital-asset legislation is delayed.

Crypto

Five power figures who once slammed bitcoin enter blockchain business

Prominent figures in finance and politics who have strongly criticised bitcoin are increasingly moving directly into blockchain and digital asset businesses, Cointelegraph reported. It cited BlackRock CEO Larry Fink, JPMorgan CEO Jamie Dimon, gold bull Peter Schiff, economist Nouriel Roubini and U.S. President Donald Trump. While some maintain scepticism about cryptocurrencies, they are pursuing tokenisation, blockchain payments, tokenised products or crypto-related ventures, highlighting growing use of blockchain infrastructure.