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BREAKING: Russia is preparing to launch regulated crypto trading on September 1.
The central bank has proposed draft rules covering crypto exchanges, custodians and investor access.
Exchanges and custodians will need licenses and up to ₽250 million in capital.
Retail investors will be limited to ₽300,000 per platform each year and must pass a risk test.
Crypto payments will remain banned.
Why is everything dumping today?
Over $1.4 trillion wiped out across stocks, metals and crypto.
Key reasons:
1. Investors are de-risking before tomorrow's Fed decision.
2. The Senate is stalling the Clarity Act to focus on other bills.
3. Concerns over increased competition from China's DUV chipmaking.
4. Markets are questioning huge AI spending.
5. USD/JPY near 164 is raising fears of BOJ intervention.
BREAKING: $15 trillion BlackRock says the CLARITY Act is a critical step for US crypto regulation.
Coinbase expects a vote as early as Monday, August 3.
If Congress misses the August 7 deadline, the bill could be delayed until after the November 2026 midterm elections.
BREAKING: Michael Saylor's Strategy
$MSTR
increases its USD reserve by $525 million. They now hold a total of 843,775
bitcoin:native
and $3.75 billion in cash reserves.