Other crypto firms are also reportedly considering applying for a national bank charter, following in the footsteps of Anchorage Digital Bank, which received a license in 2021.

Circle applies for US trust bank charter to manage its USDC reserve

US senators are in a marathon vote-a-rama over amendments to Donald Trump’s 
massive tax and spending bill, with one lawmaker bidding to include tax cuts 
for crypto.

Trump’s Big Beautiful Bill in overtime as senators jam crypto clauses

Ethereum currently has strong support at $2,200, but one analyst has pointed 
out that if the level fails, the next region to watch could be $1,160. On- 
Chain Data Shows Strong Ethereum Demand Zone Near $2,200 In a new post on X, 
analyst Ali Martinez has talked about where support lies for Ethereum based on 
on-chain data. In on-chain analysis, levels are considered as major 
support/resistance zones if they host the cost basis or acquisition level of a 
significant part of the ETH supply. The reason behind this lies in the fact 
that investors are more likely to show some kind of reaction when the retest 
of their break-even level takes place. This buying/selling is irrelevant to 
the wider market if only a few holders are having it tested at once, but the 
story can be different when the retest is of the cost basis of a large amount 
of them. Related Reading: Dogecoin Under Pressure: Only Top 10 Coin Where 
Loss-Taking Exceeds Profit Below is the chart shared by the analyst that shows 
how the different price levels around the current Ethereum spot price are 
currently looking in terms of the amount of supply that was purchased at them. 
In the graph, the size of the dot corresponds to the amount of Ethereum supply 
contained within the associated price range. It would appear that, out of the 
ranges listed, the $2,218 to $2,396 levels currently have the largest dot, 
meaning that they host the most supply. More specifically, this range has the 
cost basis of 6.28 million addresses, who purchased a total of 67.2 million 
ETH at its levels. Given this fact, it&#8217;s possible that should a retest of the 
range occur, investors could show a strong reaction. But what kind of reaction 
would it be, buying or selling? Well, these investors are in profit right now 
and usually, such holders are more likely to double down on the asset during 
declines to their acquisition mark, as they may believe the same price level 
would turn out to be profitable again in the future. As such, the $2,218 to 
$2,396 range could end up acting as a strong support level for Ethereum. In 
the scenario that ETH falls below the lower end of the range around $2,200, 
however, it may have to rely on support elsewhere. Related Reading: XRP Down 
3% After SEC Settlement Stalls, But Social Media Turns Bullish From the chart, 
it&#8217;s apparent that all the ranges below are much smaller in terms of supply. 
The next major support zone lies all the way down at $1,160, where 35.9 
million addresses acquired 21.58 million tokens. Naturally, Ethereum doesn&#8217;t 
have to slip right through to this zone if $2,200 is lost, but if the data is 
to go by, it does suggest that the coin could have a harder time regaining 
footing below it. ETH Price Ethereum is holding above the on-chain demand zone 
for now as its price is floating around $2,475. Featured image from Dall-E, 
Sentora.com, chart from TradingView.com

Ethereum At Risk? If $2,200 Cracks, $1,160 May Be Coming

Sparkassen-Finanzgruppe execs once ruled out adopting crypto over concerns of 
volatility and risk, and the banking giant also blocked customer crypto 
transactions back in 2015.

Major German bank to offer crypto trading by 2026 amid bank ‘FOMO’

The raise includes a transaction of $10 million where the company accepted 
Bitcoin instead of cash.

Trump-linked American Bitcoin raises $220M for mining, treasury

Dual Governance, a major update that will give stETH holders more control over 
important protocol decisions, has been formally approved by Lido DAO. The 
decision was confirmed on June 30 post on X by Lido, following a successful 
vote by…