Bitcoin&#8217;s foundational role as a secure settlement layer may ensure its enduring relevance despite competition from advanced blockchains. The post Ripple CTO David Schwartz sees Bitcoin as the bedrock of the digital asset ecosystem appeared first on Crypto Briefing.

Ripple CTO David Schwartz sees Bitcoin as the bedrock of the digital asset ecosystem

This content is provided by a sponsor. MultiBank Group, one of the world’s 
largest regulated financial institutions, is launching its highly anticipated 
utility token, the $MBG Token, in July 2025. This is a project that combines 
blockchain innovation with two decades of financial strength. Unlike many 
speculative tokens, $MBG Token is rooted in real revenues, […]

Multibank’s $MBG Token Bridges Web3 and Traditional Finance With Real Utility and Proven Backing

Bit Digital (Nasdaq: BTBT) is deepening its strategic pivot toward Ethereum, 
announcing a $67.3 million direct share offering with proceeds designated for 
additional ETH purchases. This article is from Theminermag, a trade 
publication for the cryptocurrency mining industry, focusing on the latest 
news and research on institutional bitcoin mining companies. The company said 
Monday that […]

Bit Digital Eyes $67.3M Raise to Expand Ethereum Holdings in Continued Treasury Shift

Coinbase (COIN) is experiencing significant momentum, with its stock poised to 
reach a record closing high as the cryptocurrency sector enters what the White 
House has dubbed “Crypto Week.” The positive trend for the crypto industry has 
been notable since President Donald Trump took office, culminating in Bitcoin 
(BTC) hitting record highs beyond the $123,000 level on Monday. This surge is 
attributed to favorable legislative developments, the resolution of ongoing 
lawsuits with the US Securities and Exchange Commission (SEC), and the 
appointment of regulators who are seen as supportive of the crypto space. COIN 
Poised For $100 Billion Market Cap Coinbase has had an impressive start to 
2025. Analysts at Ned Davis Research emphasized in a recent note that no other 
company seems to be benefiting as much from the current political climate as 
Coinbase. In Monday trading, shares of Coinbase rose by 2% to $394.79, 
following a record closing high of $388.96 just days earlier. The stock has 
jumped an impressive 63% this year and is on track to achieve a market 
capitalization exceeding $100 billion for the first time. Related Reading: 
Prepare For ATHs: ‘XRP Train Has Left The Station – Analyst A significant 
turning point for Coinbase came in February when the SEC dropped a lawsuit 
that had been pending for two years, which accused the company of operating as 
an unregistered securities exchange. This victory was followed by Coinbase 
becoming the first cryptocurrency firm to join the S&amp;P 500, further 
solidifying its status in the market. Investors are particularly optimistic as 
Congress prepares to discuss three bills aimed at clarifying the regulatory 
framework surrounding the cryptocurrency sector. The legislation has garnered 
broad support among crypto advocates. Additionally, the SEC&#8217;s decision to move 
crypto oversight to its more favorable Cyber &amp; Technology unit and repeal a 
rule requiring financial institutions to treat crypto custody holdings as 
liabilities has further boosted market confidence. Positive Long-Term Outlook 
For Coinbase Looking ahead, analysts from Benchmark Equity Research anticipate 
that Coinbase will successfully petition the SEC to offer tokenized equities 
on its platform. CEO Brian Armstrong’s “close ties to Trump” are expected to 
play a role in this endeavor. Moreover, Coinbase is well-positioned to benefit 
from the Clarity Act, one of the bills under consideration, which aims to 
enhance institutional confidence in digital asset trading and holding. 
Benchmark has maintained a Buy rating for Coinbase, setting a price target of 
$421. However, some analysts caution that the positive developments may 
already be reflected in the stock’s current price. Related Reading: Avalanche 
Shatters Record With 20M Transactions—Is Real-World Use Finally Here? Owen Lau 
of Oppenheimer recently assessed the likelihood of the Clarity Act passing at 
70% and slightly adjusted his estimates for Coinbase’s trading volume ahead of 
the company&#8217;s earnings report scheduled for July 31. Even if the upcoming 
earnings release disappoints, experts believe that the underlying momentum of 
Coinbase will not be significantly affected. Oppenheimer has reiterated an 
Outperform rating, raising its price target to $417 from a previous $395. 
Featured image from DALL-E, chart from TradingView.com

Coinbase: A Surprising Champion Of The Trump Trade, Eyes New Stock Records

Spreading claims that Pump.fun’s $500 million presale tokens are locked due to 
a missing withdrawal function are false.

Debunked: Pump.fun’s $500M presale funds are not locked

The bank is rolling out the service to a select group of investors, 
positioning itself as the first major global bank to do so. According to a 
Tuesday Reuters report, Standard Chartered is launching spot trading for 
Bitcoin (BTC) and…