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The GENIUS Act, signed by Trump, establishes a regulatory framework for stablecoins in the U.S., granting oversight to the Federal Reserve and OCC. It aims to clarify regulations, promote financial innovation, and enhance consumer protection within the digital asset sector.

The essay evaluates Bitcoin's market strength using six technical analysis methods, yielding an overall score of 4.5. Despite some recent adjustments, the analysis indicates potential for further upward movement towards future targets.

On July 18, the Japan Blockchain Association (JBA) submitted its "Request for Tax Reform Regarding Cryptoassets for the Fiscal Year 2026" to the Financial Services Agency and held a press conference in Tokyo. Present at the conference were Yuuzou Kanou, the representative director of JBA and CEO of the cryptoassets (virtual currency) exchange Bitflyer, and Kouta Iwasaki, chairman of the JBA Taxation Subcommittee and CFO of NewLO, which is involved in the development of platforms in the DeFi (Decentralized Finance) and NFT fields.
The main pillars of the request are the introduction of "separate taxation" on the capital gains from cryptoassets and a review of the system during inheritance. Mr. Kano stated that the current comprehensive taxation, which imposes a maximum tax rate of 55%, is not suitable for the Web3 era, and that it should be taxed at the same rate as stocks, which is 20.315%.

In response to the growing interest from institutional investors and the establishment of the GENIUS Act, Ethereum surged 8.1% in 24 hours, causing the crypto market to rise.
SharpLink Gaming reflects a shift in positioning cryptoassets as macro assets, expanding its stock sale amount to $6 billion to increase its ETH holdings.
Major coins such as Cardano, XRP, and Dogecoin recorded a significant rise due to the momentum of ETH and the increased confidence in the market.
The crypto market has surged in the past 24 hours.
Ethereum (ETH) and major tokens are experiencing a surge due to a recovery in risk tolerance, increased financial demand for ETH, and macroeconomic tailwinds from the establishment of the GENIUS Act.

The United States Drug Enforcement Administration (DEA) and the Federal Bureau of Investigation (FBI) seized cryptoassets worth 10 million Dollars (approximately 1.49 billion yen, based on an exchange rate of 149 yen per Dollar) related to the drug organization "Sinaloa Cartel" in Miami.
The funds are said to be related to the trafficking of synthetic opioids and money laundering networks.
On the 16th, the U.S. Department of Justice announced that federal agents in Miami seized cryptoassets worth over 10 million Dollars (approximately 1.49 billion yen) related to the Sinaloa cartel in Mexico.
This seizure was part of a joint operation by the DEA and FBI, targeting funds linked to the trafficking of fentanyl and other synthetic opioids into the United States.

SBI VC Trade announced on July 18 that its total assets exceeded 600 billion yen, marking a rapid increase of 100 billion yen in just eight days, driven by rising prices of XRP and Bitcoin.

SBI Holdings and entertainment production company TWIN PLANET announced on July 18 that they have signed a basic agreement for a capital and business alliance.
The two companies aim to collaborate in the field of talent and IP (intellectual property) marketing, with the goal of creating new businesses utilizing Web3 technology.
The background of this partnership aims to merge the business foundations of both companies. SBI Holdings has a customer base of over 54.42 million and possesses financial data, and it has established SBI Neo Media Holdings as a subsidiary overseeing media and marketing-related businesses, advancing its business development.
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Bit Origin aims to build a financial asset from Dogecoin, planning to raise $500 million through stock and convertible bonds. The company has already secured $15 million for initial purchases, marking a significant pivot in its crypto strategy.

Adam BackとCantor Fitzgeraldは、SPACを通じてBitcoin Standard Treasury Companyを立ち上げる計画を立てており、30,000 BTC以上を保有し、最大15億ドルを調達することを目指しています。この事業は、彼らを市場での主要なBitcoin保有者の一員に位置づけています。

Wyoming is testing real-time payments for government contractors using its upcoming Wyoming Stable Token (WYST), aiming to reduce the typical 45-day settlement period by implementing Avalanche-based protocols.

BlackRock plans to add staking options to its iShares Ethereum Trust (ETHA), allowing the ETF to earn revenue by verifying transactions on the Ethereum network. This move indicates participation in Ethereum's proof-of-stake system and comes as other asset managers propose similar features. The SEC is assessing how staking services relate to securities trading, with expectations for further crypto asset ETF approvals this year.

Bitcoin accumulation trends show strong buying pressure across all wallet sizes, from small investors to large whales. Monthly accumulation exceeds new supply, suggesting a tightening market for available Bitcoin.

XRP surged to $3.30, approaching its all-time high of $3.40, driven by strong futures sentiment and a significant increase in open interest, now at $9.98 billion. Whales have accumulated over 2.2 billion XRP amid reports of a leveraged ETF launch, signaling bullish investor behavior.

The cryptocurrency Arbitrum (ARB) has surged 7.7% as speculation mounts that PayPal's stablecoin PYUSD will soon support the Arbitrum network, alongside Ethereum and Solana.