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Binance has introduced Sharia Earn, the world’s first Sharia-compliant crypto staking service, targeting the $4 trillion Islamic finance market. Certified by Amanie Advisors, this innovative platform addresses long-standing concerns within the Muslim community about the compatibility of decentralized assets with Islamic principles, such as avoiding riba (interest) and gharar (uncertainty). Available in over 30 countries, including Indonesia and Saudi Arabia, Sharia Earn allows users to stake BNB, ETH, and SOL under halal guidelines using the Wakala contract. Binance CEO Richard Teng highlighted the service’s role in empowering the 1.9 billion-strong Muslim community to participate in the crypto revolution. Built on Binance Earn’s infrastructure, Sharia Earn combines institutional-grade technology with religious compliance, demonstrating how DeFi can adapt to cultural and spiritual needs. As crypto adoption grows in the developing world, such localized offerings could be key to enhancing financial inclusivity.
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GFT is introducing a specialized program to aid US banks in launching stablecoin products, capitalizing on the recent passage of the GENIUS Act in the US Senate, which signals a forthcoming federal regulatory framework for stablecoins. This framework mandates reserve backing for stability and outlines issuance and governance rules, reducing risks for banks. With a proven track record in decentralized finance across Latin America, Europe, and Asia, including collaborations with Standard Chartered Bank and Deutsche Bank, GFT is well-positioned to guide US banks in selecting and integrating technologies within existing systems like Thought Machine. The program ensures compliance with current and future regulations while enabling scalability for increasing transaction volumes. Stablecoins promise faster, cheaper transactions for internal and B2B payments, with potential for broader applications. GFT’s Christopher Ortiz emphasizes that banks delaying stablecoin adoption risk losing competitive edge and customers to more innovative peers, highlighting the urgency of engaging with this emerging financial technology.
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Exchange-traded funds (ETFs) have surged in popularity due to their simplicity and low fees, allowing investors to diversify with a single investment. This article compares two prominent Vanguard ETFs: the Value ETF (VTV) and the Growth ETF (VUG). VTV focuses on undervalued stocks, providing a safer investment with a 2.2% dividend yield and a low expense ratio of 0.04%, appealing to cautious investors seeking stability. In contrast, VUG targets high-growth companies, offering superior long-term returns (e.g., 16.77% average annual return over 15 years) but with higher volatility, as seen in its 2022 drop of 33.15% and 2023 rebound of 46.83%. It also has a 0.04% expense ratio but a lower dividend yield of 0.45%. The article highlights the risk-reward trade-off, noting VUG’s concentration in tech giants like Microsoft and Nvidia, while VTV holds steadier names like Berkshire Hathaway. Both ETFs are solid, low-cost options, and the choice depends on an investor’s risk tolerance and goals. The author expresses a preference for VUG due to its growth potential, while acknowledging VTV’s appeal for stability.
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As cryptocurrency, particularly Bitcoin, reaches new highs, retirees are increasingly debating its role in retirement portfolios amid rising inflation and living costs. This article from GOBankingRates explores both the potential benefits and significant risks of including crypto in retirement planning. On the positive side, crypto offers diversification, as it often moves independently of traditional assets, and may serve as an inflation hedge due to Bitcoin’s limited supply. It also presents high growth potential for legacy building and tax-advantaged growth in retirement accounts like 401(k)s. However, the risks are substantial, including extreme volatility that could wipe out savings, regulatory uncertainty, tax inefficiencies upon withdrawal, and security complexities that many retirees may struggle with. Financial experts urge caution, with conservative allocation recommendations and warnings from entities like the Department of Labor about crypto’s speculative nature. The decision to invest hinges on individual financial stability, risk tolerance, technical competence, and time horizon. Retirees are advised to consult experienced financial advisors and limit exposure to amounts they can afford to lose, balancing the allure of gains against the critical need for retirement security.
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This article explores billionaire investor Dan Loeb's recent trading moves as revealed in Third Point's first-quarter Form 13F filing. Loeb completely exited a 500,000-share position in Tesla (NASDAQ: TSLA), possibly capitalizing on gains following political developments, but also likely influenced by Tesla's declining EV margins, unsustainable earnings from regulatory credits, and Elon Musk's history of unfulfilled promises. Tesla's high valuation and competitive pressures further complicate its outlook. Conversely, Loeb invested heavily in Nvidia (NASDAQ: NVDA), acquiring 1.45 million shares of the AI giant, which has seen a staggering 420,000% return since 1999 due to its dominance in GPU technology and innovation. However, Nvidia faces risks of an AI bubble burst and growing competition. The article underscores the importance of 13F filings in revealing Wall Street trends, highlighting Loeb's strategic shifts between a struggling EV leader and a booming AI powerhouse, while cautioning about potential vulnerabilities in both stocks.
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A Shanghai regulator recently held a meeting to discuss strategic responses to stablecoins and digital currencies, marking a notable shift in China’s stance despite a nationwide ban on crypto trading since 2021. Organized by the Shanghai State-owned Assets Supervision and Administration Commission, the meeting emphasized the need for greater sensitivity to emerging technologies and enhanced research into digital currencies. Major companies like JD.com and Ant Group are pushing for a yuan-pegged stablecoin to rival U.S. dollar-linked cryptocurrencies and plan to seek licenses in Hong Kong, where stablecoin legislation will take effect on August 1. Shanghai, a key financial hub, often pioneers regulatory changes, and the discussions included global regulatory frameworks, opportunities, and challenges of stablecoins. A policy expert provided insights and suggestions for digital currency development. However, China’s central bank governor has cautioned that the rise of digital currencies poses significant regulatory challenges, reflecting ongoing concerns about financial stability. Meanwhile, stablecoins, known for faster and cheaper transactions, are gaining traction globally, with companies like Amazon and Walmart exploring their potential in the U.S. Bitcoin also reached a record high near $112,000, underscoring the growing popularity of digital currencies worldwide. While China’s approach may evolve, any policy shift is likely to face hurdles given past restrictions and regulatory caution.
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Ant Group Co., backed by Jack Ma, is collaborating with Circle Internet Group Inc. to integrate Circle’s USDC stablecoin into its blockchain platform, pending US regulatory compliance, as part of Ant International’s broader push into regulated cryptocurrencies and tokenized assets. This move aligns with growing acceptance of stablecoins, bolstered by recent US Senate legislation setting rules for dollar-pegged digital currencies. Circle, a publicly traded stablecoin issuer, has seen its shares surge over 500% since going public, reflecting market optimism. Ant International, which processed over $1 trillion in transactions last year, is also seeking stablecoin licenses in Singapore, Hong Kong, and Luxembourg. The unit, generating nearly $3 billion in revenue for 2024, shows strong growth potential, especially in treasury services for Alibaba’s e-commerce platforms and external clients. Meanwhile, the broader crypto landscape sees increasing adoption, with companies like PayPal, Walmart, and Amazon exploring stablecoins, despite past setbacks like Meta’s failed attempt. Ant’s blockchain already supports tokenized assets from global banks like HSBC and JPMorgan, highlighting its expanding role in cross-border payments and financial innovation.
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WPP, a leading global advertising agency, announced Cindy Rose, Microsoft’s Chief Operating Officer for Global Enterprise, as its new CEO, effective September 1, 2025. Rose succeeds Mark Read, who steps down after seven years, earlier than the initially planned December 31 date. The appointment comes as WPP focuses on integrating artificial intelligence and navigating industry shifts, with Rose’s extensive experience in digital transformation seen as a key asset. Chair Philip Jansen highlighted her ability to guide large organizations through technological changes, which will be vital amid macroeconomic challenges. The news follows a turbulent period for WPP, with its U.S.-listed shares dropping 18% after a lowered full-year outlook due to reduced client spending and economic uncertainty. Despite a slight 1% recovery in share price after the CEO announcement, WPP’s stock remains near a five-year low. Rose expressed optimism about building on WPP’s AI capabilities and maintaining its creative excellence and prestigious client base.
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Crypto prices surged on Thursday, with Ether (ETH-USD) up nearly 7% to over $2,780 and Dogecoin (DOGE-USD) gaining 6%, leading a broader rally. Bitcoin (BTC-USD) approached its all-time high of $112,000, while Solana (SOL-USD) and XRP (XRP-USD) also posted gains. The CoinDesk 20 index rose over 2%, reflecting strong market momentum. Santiment's onchain analysis highlighted the absence of retail traders, often a precursor to significant upside as smart money steps in. This rally coincides with supportive risk sentiment and growing political focus on digital assets, including an upcoming U.S. House Committee hearing on July 16, dubbed 'Crypto Week,' aimed at positioning America as the crypto capital. Despite U.S. tariff threats from President Trump impacting some equity markets, global tech stocks like Nvidia, which briefly hit a $4 trillion market cap, and softening Treasury yields suggest a favorable policy environment. Augustine Fan from SignalPlus noted the market's anticipation for regulatory clarity, with a six-month target set by Trump in January, hoping next week’s hearing will provide momentum for a federal framework.
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A Polymarket prediction market, which wagered over $240 million on whether Ukrainian President Volodymyr Zelenskyy would wear a suit before July 1, resolved to “No,” leaving traders stunned. Despite multiple media reports and photos showing Zelenskyy in a black suit at the NATO summit, the outcome defied expectations, igniting controversy over how such decisions are made. The market’s rules required credible photographic evidence and media consensus for a “Yes” resolution, yet the final call, determined by UMA’s voter oracle system, went against apparent evidence. Allegations surfaced that a single whale, controlling over 85% of voting power, influenced the result, raising concerns about governance and fairness. This incident has sparked a broader debate about the integrity of prediction markets, with traders questioning whether published rules and resolution logic can be trusted when large sums are at stake. While no wrongdoing by Polymarket has been proven, the event underscores the challenges of subjectivity and power dynamics in decentralized betting platforms.
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Bitcoin (BTC) remains rangebound above $108,900 as Asia starts Wednesday trading, with the CoinDesk 20 index up 1.7%, though market conviction is lacking to push BTC to $110K. Glassnode reports low spot volumes and reduced ETF flows, while Wintermute describes a “barbell market” with interest split between memecoins (up over 8%) and stable large-caps like BTC and ETH. Meanwhile, last year’s popular AI and DePIN tokens lose traction. Ego Death Capital’s new $100M fund targets Bitcoin infrastructure startups, emphasizing durability over speculation. In legal news, a judge in the Tornado Cash case bars discussion of overturned sanctions in developer Roman Storm’s trial, limits free speech defenses, and admits contested evidence. Market movements show BTC holding above $108K, Ethereum up 3% to $2,610, gold down 1.2%, and mixed Asian markets with the Nikkei 225 slightly lower. Global equities shrug off geopolitical tensions, but BTC’s hesitancy reflects trader caution awaiting clearer signals for a decisive breakout.
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This article explores the potential for Bitcoin (CRYPTO: BTC) to become a reserve asset for central banks within the next decade, akin to gold and U.S. Treasuries. Bitcoin's appeal lies in its scarcity, with a fixed supply of 21 million coins and a halving mechanism that reduces inflation over time. Its neutrality offers a hedge against political and economic volatility, while digital transactions provide a faster, cheaper alternative to gold. Infrastructure advancements, such as improved custody solutions and ETF availability following SEC policy shifts, are removing barriers for institutional adoption. Sovereign interest is also rising, with governments holding 2.3% of mined Bitcoin and the Czech National Bank considering a significant allocation. Although challenges like price volatility and potential regulatory crackdowns remain, the article argues that growing liquidity and institutional support make Bitcoin's transition to a reserve asset increasingly likely. For investors, this could mean sustained demand and higher long-term value as central banks adopt a permanent holding mindset similar to gold.
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Grant Cardone’s real estate firm, Cardone Capital, has made headlines by purchasing 1,000 bitcoin worth over $101 million, signaling a major pivot towards cryptocurrency integration in its investment strategy. Announced on June 21 via X, this move positions Cardone Capital as a pioneer in blending real estate with bitcoin, with plans to acquire an additional 3,000 bitcoin and 5,000 residential units by year-end. This significant investment, as reported by Cointelegraph and CoinDesk, could influence other traditional finance entities and hesitant investors to explore bitcoin, given the thorough vetting such firms undertake. However, the article emphasizes that bitcoin is still a nascent asset lacking extensive historical data, urging investors to align allocations with personal risk tolerance. While Cardone’s move may be a bullish sign for bitcoin, diversification, expert guidance, and consistent portfolio oversight are recommended to manage potential risks. The decision to invest remains personal, balancing bitcoin with traditional assets like mutual funds and ETFs to suit individual financial goals.
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Michael Saylor’s Strategy, formerly MicroStrategy Inc., reported a staggering $14.05 billion unrealized gain in the second quarter, fueled by a Bitcoin price rebound and a recent accounting change that values its holdings at market prices. This gain was offset by a $4.04 billion deferred tax expense. Owning about $65 billion in Bitcoin, Strategy is the largest corporate holder of the cryptocurrency, having acquired $6.8 billion worth in the quarter ending June 30. Saylor has transformed the company into a leveraged Bitcoin proxy through share sales and debt offerings, including a new at-the-market sales program for preferred stock. While Strategy’s Bitcoin strategy has driven a 3,300% stock surge since 2020—outpacing Bitcoin’s 1,000% and the S&P 500’s 115% gains—its core software business is expected to generate just $112.8 million in revenue. The accounting shift, adopted in Q1, has led to significant earnings volatility, with a record $4.2 billion loss reported earlier due to a Bitcoin price drop. Strategy’s focus on Bitcoin continues to overshadow its traditional operations, positioning it alongside giants like Amazon and JPMorgan in terms of operating profit potential for the quarter, with results due in August.
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AllUnity, a joint venture between DWS, Flow Traders, and Galaxy, has secured an e-money institution (EMI) licence from Germany’s Federal Financial Supervisory Authority (BaFin). This authorisation allows the company to launch EURAU, a BaFin-licenced Euro stablecoin, designed to comply with the Markets in Crypto-Assets Regulation (MiCAR) framework. EURAU is fully collateralised with proof-of-reserves and aims to enable seamless cross-border settlements for regulated financial institutions, fintechs, and enterprises across Europe and globally. AllUnity’s CEO, Alexander Höptner, highlighted the licence as a crucial step toward creating a secure and transparent digital payment ecosystem. To meet environmental, social, and governance (ESG) standards, AllUnity partnered with Crypto Risk Metrics to ensure regulatory adherence under German oversight. The company also offers 24/7 real-time settlement infrastructure. Its partners bring expertise in asset management (DWS), trading and digital assets (Flow Traders), and institutional crypto services (Galaxy), positioning AllUnity as a leader in compliant digital finance innovation.
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Elon Musk has confirmed that his newly launched "America Party" will embrace Bitcoin, declaring fiat currency as "hopeless" in response to a query on X. This announcement, made on July 6, sparked enthusiastic reactions from the crypto community, with leaders like Brandon Turp and Ben Pham praising the move as a potential savior for the nation. Musk's decision to launch the party stems from his dissatisfaction with the U.S. two-party system and a public feud with Donald Trump over legislative issues, despite previously supporting Trump's campaign and leading the Department of Government Efficiency (D.O.G.E.). While Bitcoin's price surged following the news, reaching $109,627.25 from $108,735.07, questions linger about Tesla resuming Bitcoin payments, which were halted in 2021 due to environmental concerns. Additionally, discussions around stablecoins like Tether (USDT), the largest stablecoin with a $159.46 billion market cap, surfaced as a potential means to bolster fiat. Musk's political and financial moves continue to draw significant attention, blending cryptocurrency advocacy with political innovation, though hopes for Dogecoin integration remain unfulfilled among enthusiasts.
