Crypto Miami

🏆 Ripple's RLUSD Crowned as Bluechip's Top Stablecoin for Stability and Governance 🚀 Ripple USD (RLUSD) has ascended to the pinnacle of Bluechip’s stablecoin rankings, reflecting a resurgence of investor confidence in regulated digital currencies. On July 18, independent rating agency Bluechip announced its coverage of RLUSD, the U.S. dollar-backed stablecoin issued by Ripple, awarding it an “A” rating.

Today, RLUSD becomes the new #1 ranked stablecoin,

Bluechip stated on social media. It achieved the highest scores on the platform with 0.91 in stability, 0.84 in management, and 0.86 in governance. These scores categorize RLUSD as “Stable” and “Very low risk.” The stablecoin is backed by a combination of U.S. Treasury bills, government money market funds, and bank deposits, which Bluechip identifies as having minimal credit and duration risk. Additionally, RLUSD is regulated by the New York Department of Financial Services (NYDFS), ensuring strict compliance with custody, reserves, and reporting requirements. 📊 In Bluechip’s stablecoin assessments, Gemini’s GUSD ranked third and PayPal’s PYUSD fifth. Circle’s USDC received a “B+” rating, while Tether’s USDT was notably assigned a “D.” 🌍 Ripple is actively expanding its regulatory presence, applying for a license in Luxembourg for EU operations and seeking a national trust bank charter in the U.S. Strategic partnerships with BNY Mellon for reserves custody and Amina Bank for direct support highlight growing institutional adoption of RLUSD, positioning it as a bridge between traditional finance and crypto markets.

Built for enterprise use cases, RLUSD delivers the security, compliance, and scale global businesses demand,

Ripple responded to the Bluechip rating announcement.

We appreciate Bluechip’s A rating and recognition of RLUSD as the market’s most trusted stablecoin.

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Kernel: Building the Backbone While Others Chase Bubbles 1️⃣ Real Yield, Real Infrastructure -$2B+ in TVL secured across ETH, BNB & more with no emissions, just real economic activity -Backed by $40M from top VCs; listed on Binance, Coinbase and more -Not another hype train with its infrastructure with institutional validation 2️⃣ Deep Integration, Flywheel Growth -Securing 25+ DVNs, integrated with 50+ protocols -Kernel powers the backbone of multi-chain restaking -Every partner adds to a compounding network effect: more TVL → more revenue → more demand for $KERNEL 3️⃣ Bear-Built, Bull-Ready -Launched in a bear, scaled to $2B while others vanished -Kelp is now the 2nd largest LRT on Ethereum -Expanding into RWA, stablecoin vaults + roadmap in motion ✏️ $KERNEL is the foundational infrastructure of 2025 — securing TVL, scaling network effects, and enabling the next wave of real yield. Built for builders, not speculators. 🔜 A protocol backed by smart governance, real assets, and multi-chain security. This isn’t about catching pumps — it’s about owning the rails the bull will run on. https://kerneldao.com/restake/?utm_source=Mountains

⚡️ U.S. House Advances Cryptocurrency Legislation Amid Controversy 🌟 The U.S. House of Representatives has narrowly passed significant cryptocurrency legislation, including a regulatory framework for stablecoins and rules for market structure, following a contentious procedural vote. The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act was approved by a 215-211 vote, paving the way for federal oversight of stablecoin issuers. This legislation could soon reach President Donald Trump for approval. ↪️ In addition to the GENIUS Act, lawmakers also passed the Digital Asset Market Clarity Act, which establishes comprehensive regulations for the crypto market and clarifies the roles of the SEC and CFTC. This act also includes a provision that prevents the Federal Reserve from issuing central bank digital currencies (CBDCs) directly to individuals. Notably, not a single Democrat representative supported these bills, following a tense procedural vote that had previously stalled progress. ⚠️ However, despite the advancement of these measures, there are still significant hurdles to overcome. The vote to formally adopt H. Res. 580 fell short, highlighting ongoing challenges for critical crypto legislation such as the GENIUS Act, Clarity Act, and Anti-CBDC measures.

🚀 TRON DAO Achieves Milestone with USDT Supply 🌟 TRON DAO has announced that the total circulating supply of USDT on its blockchain has surpassed $80 billion. This achievement solidifies TRON's position as the leading blockchain for USDT transactions. USDT accounts for over 63 percent of the global stablecoin market, with more than half of its 155 billion dollar circulation issued on TRON. Since January 2025, the USDT supply on the TRON network has increased by approximately 20 billion. 📈 TRON is the preferred settlement network for stablecoins, handling around 60 percent of payment transaction volume. As of June 2025, TRON processes over 8.9 million daily transactions and has more than 315 million total user accounts. The network facilitates an average of $21.5 billion in daily USDT transfers and leads in active stablecoin wallet usage with over 1 million unique wallets transacting USDT each day. 🌍 With stablecoins becoming increasingly important for cross-border settlements and financial access, TRON has positioned itself as one of the most widely used blockchain networks globally. Its scale, speed, and low transaction costs make it the preferred environment for stablecoin activity.

TRON’s success is grounded in its alignment with the core values of crypto—openness, user empowerment, and real-world utility,

said Justin Sun, founder of TRON.

USDT on TRON has become the go-to choice for millions of people because it works—it’s fast, efficient, and easy to use.

🔗 TRON's leadership in the stablecoin space is evolving to meet growing institutional demand. In April 2025, World Liberty Financial chose TRON to launch its USD1 stablecoin. The TRON ecosystem is also focusing on financial compliance through the T3 Financial Crime Unit (T3 FCU), a joint initiative with Tether and TRM Labs. Since its launch, T3 FCU has collaborated with law enforcement agencies worldwide to freeze over $160 million linked to illicit activity. 🌐 As the digital dollar economy expands, TRON remains a core pillar of the infrastructure driving greater efficiency and financial inclusion.

🚀 Elon Musk's Bitcoin Endorsement: A Political Milestone 🌍 Elon Musk's recent endorsement of Bitcoin marks a significant shift in its perception from a speculative asset to a key component of national economic strategy. Nigel Green, CEO of Devere Group, highlighted this transition on July 8, stating that Musk's integration of Bitcoin into his newly formed America Party represents a crucial moment in the digital asset's political journey.

Musk is pushing bitcoin deeper into public life, but this isn’t a solo effort. He’s stepping into a slipstream that was already building under the Trump administration,

Green remarked. He emphasized that Musk is amplifying a federal shift initiated by former President Donald Trump, which is expected to accelerate institutional adoption. ⚡️ This shift began in March when Trump signed an executive order establishing a Strategic Bitcoin Reserve. Green described this order as transformative, stating,

This was a pivotal moment. It reframed bitcoin from a volatile outsider to a recognised store of national value.

He added that Trump's actions institutionalized bitcoin through formal policy, while Musk is embedding it into the democratic process. 🟢 Although Musk and Trump have publicly parted ways since then, their previous alignment set the stage for this development. Musk criticized Trump's tax and spending bill, leading to the launch of the America Party to challenge the two-party system.

Bitcoin is no longer a pure market asset, it’s now a political variable,

Green noted, highlighting how this changes the way institutional capital must evaluate it. 🌐 When the United States, the world’s largest economy, endorses bitcoin through both policy and politics, it compels global institutions to re-evaluate their own approach. Green emphasized that this normalization of bitcoin by influential power structures gives it staying power.

🛡 U.S. Secret Service Leads Global Initiative Against Crypto Fraud 🌍 The U.S. Secret Service is taking a proactive role in combating cryptocurrency fraud worldwide, providing training to officials in over 60 countries on how to utilize blockchain analysis for tracing digital financial crimes. According to Bloomberg, this initiative is particularly focused on regions with weak regulatory frameworks that are often exploited by financial criminals. ➡️ The free workshops aim to empower local law enforcement and prosecutors with the skills needed to detect fraudulent activities within blockchain data. Kali Smith, who leads the agency's cryptocurrency strategy, highlighted the program's impact:

Sometimes after just a week-long training, they can be like, ‘Wow, we didn’t even realize that this is occurring in our country,’

emphasizing the transformative effect of the training. 🌟 A recent session in Bermuda exemplified this effort. Jamie Lam, a Secret Service investigative analyst, guided local law enforcement through real-world scam case studies. He showcased how open-source tools and technical expertise can trace illicit transactions back to specific IP addresses and wallets. Lam's team, part of the Global Investigative Operations Center (GIOC), has successfully recovered nearly $400 million in digital assets over the past decade, leveraging the agency's extensive experience in cyberfinancial enforcement. 💰 With crypto fraud now representing the majority of internet crime losses in the U.S.—amounting to $9.3 billion reported in 2024—the Secret Service is strategically using blockchain transparency as a tactical advantage. By equipping global partners with these skills, the agency is expanding its influence beyond national borders in the fight against cryptocurrency-related crime.

➡️ The Evolving Landscape of Stablecoins 🌟 Stablecoins were initially designed to connect fiat currencies with the cryptocurrency ecosystem. For a time, this connection was stable. Tether's USDT emerged as the leading trading pair on most exchanges, despite ongoing doubts about its 1:1 backing by U.S. dollars or similar assets. Following closely was Circle's USDC, which gained credibility through increased transparency and regular audits. 📈 Circle's recent IPO filing indicates its growth and readiness for regulatory oversight. Meanwhile, MakerDAO's DAI took a more decentralized route by being collateralized with crypto assets rather than fiat. These models, while not flawless, somewhat reflected the industry's foundational principles. ↪️ However, a new wave of stablecoins is emerging, not from traditional crypto developers but from major corporations. Bank of America has expressed its intention to launch a dollar-backed stablecoin pending regulatory approval. PayPal has already introduced PYUSD through Paxos, integrating it into its platforms. 💼 World Liberty Financial, supported by politically connected investors, has launched USD1, claiming it is fully backed by U.S. Treasuries and cash deposits, with BitGo as its custodian. Binance has reportedly pledged $2 billion to back it. Additionally, Amazon and Walmart are exploring their own stablecoin initiatives. 🟥 Anticipate more stablecoin launches soon. The GENIUS Act, which has passed the House and is moving towards a Senate vote, aims to create a clear regulatory framework for stablecoin issuers. If enacted, it could provide banks, fintechs, and major brands with the regulatory clarity needed for more aggressive market entry. ⚖️ Some view this as a step towards mainstream acceptance of stablecoins and traditional institutions catching up. However, the situation is more complex. Just because a token is labeled a stablecoin doesn't guarantee it operates as one. When branding takes precedence over functionality, issues arise. 🔍 It's essential to differentiate between corporate stablecoins and public utilities. If a stablecoin can freeze your assets or monitor your transactions, it's not an open financial tool but a controlled ledger. While this may be acceptable for some users, it shouldn't be mistaken for progress. 🤔 Ultimately, the market will determine the winners. However, before placing our trust in these coins, we must ask critical questions about their control, backing, auditing, and potential restrictions on use.

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🌍 BRICS Achieves $1 Trillion in Internal Trade 📈 The BRICS organization, comprising major economic players like Russia and China, has reached a significant milestone in its internal trade, surpassing $1 trillion. This achievement underscores the bloc's growing importance in the global economic landscape and its commitment to South-South cooperation independent of Western dominance. 💬 Kirill Dmitriev, Special Representative of the Russian President for economic cooperation and CEO of the Russian Direct Investment Fund (RDIF), emphasized the significance of this milestone. He stated on his Telegram channel:

Internal trade of BRICS countries has reached $1 trillion. A major milestone, which confirms the strengthening of economic ties and the growing role of the association in the formation of a new architecture of global economy.

He also mentioned the ongoing efforts to enhance business connections through the BRICS Business Council, as directed by Russian President Vladimir Putin. 🗣 During the St. Petersburg International Economic Forum (SPIEF), Putin highlighted BRICS' substantial contribution to the global economy, stating:

BRICS makes up 40% of the global economy. And it’s obvious that this share will only continue to grow. This growth will primarily come from the dynamic countries of the Global South.

This statement reflects the bloc's ambition to establish a BRICS-Global South investment platform to facilitate foreign capital injection into its economies. 🔗 The recent disclosure of BRICS' internal trading figures comes amidst discussions between Russia and China about accelerating the development of this investment platform. As BRICS continues to strengthen its economic ties and expand its influence, it positions itself as a key player in shaping the future of global trade and economic cooperation.

🇺🇸 Donald Trump Says US Has Created A ‘Powerful’ Crypto Industry 🔥 👉 Read more

🇪🇺 EU traders: Bybit access ends July 1 — Are you ready? Due to the implementation of new MiCAR regulations in the EU starting July 1, 2025, Bybit is launching a new platform: bybit.eu. As of July 1, Bybit com will no longer serve users verified under EU standards. ✍️ What do you need to do? If you have not completed EU verification, this change does not affect you — you can continue using Bybit com as usual. If you are EU-verified, follow these three steps: 1️⃣ Close all open positions on Bybit com 2️⃣ Register for the whitelist to access bybit.eu 3️⃣ Wait for instructions from Bybit. The platform promises a smooth and timely transition. 📣 We have already contacted Bybit representatives and are monitoring the situation closely. All important updates will be shared with you directly. If you have any questions — reach out to Traders Union support. We’ll help you every step of the way.

➡️ Strengthening Financial Oversight: US-UK Collaboration on Digital Assets 🗓 On June 24, the U.S. Department of the Treasury announced a significant alliance with the U.K. through a Joint Statement regarding the U.S.-U.K. Financial Regulatory Working Group. This collaboration aims to enhance oversight of digital assets and reshape financial markets amidst expanding transatlantic cooperation. 📍 The 11th meeting took place in London on June 3, attended by key officials from HM Treasury, the Bank of England, and various U.S. regulatory bodies. While reviewing economic conditions, the focus was on digital finance and innovation. Discussions highlighted a unified effort to align oversight as both governments advance legislation on stablecoins and digital securities.

Representatives discussed respective priorities for digital assets and provided updates on the progress of legislation in both jurisdictions, including legislation to regulate stablecoins.

🔄 U.K. officials provided updates on the Digital Securities Sandbox, and both sides explored ways to promote cross-border innovation. Authorities emphasized the need for effective regulation to foster growth and mitigate financial risks, maintaining collaboration through global organizations like the Financial Stability Board and the G20. 💡 Artificial intelligence was a significant topic, with regulators assessing its current applications and future implications in financial services. They are developing frameworks to balance innovation with safety. Additionally, U.K. authorities outlined plans for a T+1 settlement cycle by October 2027 and proposed changes to U.K. Listing Rules, while U.S. regulators reflected on their upcoming transition in May 2024.

The Working Group agreed to reconvene by early 2026, while noting the importance of continued open dialogue on shared priorities.

🪙 Reviving the Past: 801 BTC Unleashed from Dormant Wallets 📉 Bitcoin has maintained its position above $100,000 for 45 consecutive days, despite a slight decline since its peak of $108,990 on June 16. Recently, long-dormant wallets from 2017 have become active, releasing 801.58 BTC worth $82.98 million over three days. 🔄 Between June 19 and June 21, these wallets transferred a total of 801.58 BTC. The first transaction occurred on June 19, when a Pay to Public Key Hash (P2PKH) address moved approximately 35 BTC after being inactive since June 23, 2017. Of this amount, 34.949 BTC went to a new P2PKH change address and 0.05 BTC was sent to a modern Bech32 wallet. 🟢 On June 20, another transfer took place involving 14.13 BTC from a P2PKH wallet created on July 19, 2017. This amount was divided among three Bech32 addresses and one Pay-to-Script-Hash (P2SH) multi-signature wallet, eventually consolidating in a Bech32 address holding 26.163 BTC. 📈 The activity intensified on June 21 when six legacy wallets moved a total of 752.45 BTC, all linked to addresses created on May 2, 2017. The transactions included amounts of 17.89 BTC, 32.14 BTC, 30.99 BTC, 116.67 BTC, and 54.78 BTC. The most significant movement was from an address that transferred 499.98 BTC for the first time in over eight years. 🌟 This surge in activity from long-idle bitcoin wallets suggests possible coordination among early holders. While most transfers originated from legacy P2PKH wallets and moved to modern Bech32 addresses, some transactions deviated from this trend. These movements indicate the ongoing influence of veteran participants in shaping the network's liquidity dynamics.

Ever seen a meme coin officially backed by the Ministry of Economy in Dubai? Yeah, me neither. Until I occasionally found Arab Wealth 😅 Project’s not even live yet, but the branding, site, and content already look fire! Telegram’s up, team seems solid (same team worked on $WATER, $BEER, $BULLA and other big coins) There’s real money energy here. Launch should be soon. Watching closely. https://arabwealthcoin.com/ https://t.me/Arabwealthofficial

📈 Bitcoin and Ether ETFs Show Resilience Amid Mixed Fund Flows 💰 Bitcoin exchange-traded funds (ETFs) have achieved their seventh consecutive day of inflows, closing with a net gain of $216 million, largely driven by Blackrock’s significant contribution. Ether ETFs also reported positive performance with a $11.09 million net inflow, despite notable withdrawals from Fidelity and Grayscale. 📊 On Tuesday, June 18, Bitcoin ETFs continued their inflow streak despite facing heavy selling pressure. The bullish sentiment in the market was supported by Blackrock’s IBIT, which attracted an impressive $639.19 million inflow. This influx easily countered substantial outflows from other major funds, including Fidelity’s FBTC which experienced a $208.46 million outflow and Ark 21shares’ ARKB that lost $191.40 million.

Despite mixed flows across various funds, the overall market remains firmly in accumulation mode, suggesting investor confidence is still high.

📉 Bitwise’s BITB also recorded a $22.84 million outflow; however, the day still concluded with a net inflow of $216.48 million. Total trading activity surged to $4 billion with net assets holding steady at $128.18 billion. 🌐 Ether ETFs displayed similar resilience. Fidelity’s FETH lost $20.22 million and Grayscale’s ETHE saw a $9.02 million outflow; yet, new capital flowed into Blackrock’s ETHA ($36.71 million) and Bitwise’s BITB ($3.62 million), resulting in a net inflow of $11.09 million. Ether ETF trading volumes reached $528.36 million with total net assets remaining stable at $10.05 billion.

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➡️ Bitcoin's Turbulent Week Amid Global Conflicts 📉 This week, Bitcoin experienced a significant drop, falling below $104,000 due to escalating tensions between Israel and Iran. This decline triggered a wave of liquidations amounting to $1.16 billion. Economist Peter Schiff took this opportunity to criticize Bitcoin's performance, questioning its reputation as "digital gold."

Gold acted as a safe haven immediately after the news of Israel’s attacks on Iran. Bitcoin isn’t yet that visceral flight to safety, at least in the short term.

editor’s comment ⚠️ In the midst of these events, investor Robert Kiyosaki warned that a conflict in the U.S. has begun, suggesting a violent summer ahead and urging investors to turn to Bitcoin for safety. He declared that "civil war has begun" and highlighted the potential for economic collapse.

If you haven’t checked out the excellent book The Fourth Turning, you definitely should.

editor’s comment ➡️ On a more optimistic note, Hunter Horsley, CEO of Bitwise, predicted that Bitcoin will enter a "no-sell zone" once it surpasses the $130,000 to $150,000 range. He suggested that "once the price of Bitcoin clears $130K – $150K, buyers will be less likely to sell."

Counterintuitively, Horsley argues that once the price of Bitcoin clears $130K – $150K, buyers will be less likely to sell.

editor’s comment 🏆 In related news, the European Central Bank (ECB) confirmed that gold has overtaken the euro as the second-largest reserve asset globally. This shift follows a significant rally in gold prices in 2024.

You’re telling me that the BRICS, made up of countries that flat-out hate each other, is going to have a better chance than the Euro did at becoming the global reserve asset?

editor’s comment

💰 Crypto ETFs Attract Over $400 Million Amidst Bullish Market Sentiment 📈 Bitcoin exchange-traded funds (ETFs) have shown a strong recovery, marking their third consecutive day of inflows with a total of $165 million. Meanwhile, ether ETFs have set new records by achieving their 18th straight day of gains and attracting an impressive $240.29 million. 💪 On Wednesday, June 11, the crypto ETF market maintained its bullish momentum as both bitcoin and ether funds drew significant investor interest, indicating ongoing institutional confidence. Bitcoin ETFs experienced net inflows for the third day in a row, with $164.57 million flowing into four major funds. Blackrock’s IBIT was the top choice for investors, gathering $131.01 million. It was followed by Vaneck’s HODL with $15.39 million, Fidelity’s FBTC which contributed $11.87 million, and Franklin’s EZBC that closed the inflow activity with $6.30 million. Notably, no funds reported outflows. 🌟 However, the ether ETFs segment stole the spotlight by logging its 18th consecutive day of inflows and pulling in a remarkable $240.29 million across five funds. Blackrock’s ETHA led the pack with $163.64 million, followed by Fidelity’s FETH with $37.28 million. Grayscale’s Ether Mini Trust and its larger counterpart ETHE added $19.61 million and $13.30 million respectively, while Bitwise’s ETHW rounded out the inflows with $6.46 million. 📊 Total trading volume for ether ETFs surged to $830.98 million with net assets rising to $11.05 billion. As ether ETFs continue their record streak and bitcoin inflows remain steady, market sentiment appears optimistic as we head into mid-June.