Bailey Defends BOE Gilt Sales After Criticism From Farage

Governor Andrew Bailey defended the Bank of England's buying and selling of UK government bonds following criticism of the policy. Bailey said the BOE's quantitative easing program was "broadly neutral" for the taxpayer and provided crucial help for the economy following the global financial crisis and Covid pandemic. The BOE is actively selling gilts, which tightens monetary policy in the UK, and Bailey said the BOE shouldn't pause these sales as it puts itself in a stronger position to buy assets again in the future.

• Bank of England Governor Andrew Bailey defended the central bank's sale of UK government bonds (gilts) against criticism, particularly from Nigel Farage.
• Bailey argued that the BOE's quantitative easing and tightening programs have been 'broadly neutral' for taxpayers and provided essential economic support.
• The BOE is actively selling gilts to tighten monetary policy and strengthen its position for future asset purchases, despite concerns about inflation and tepid demand.

Topics: Public debt, Legal regulatory, Tokenized us treasuries, Global sovereign bond tokenization, Enforcement actions litigation

Tags: #bankofengland #andrewbailey #ukgovernmentbonds #gilts #quantitativeeasing #quantitativetightening #monetarypolicy #inflation #interestrates #nigelfarage

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Social Security faces steep cuts. These senators want to bet on stocks and $27 trillion in debt to save it—but 'the gamble does not always pay off' | Fortune

"As a result, the most likely outcome is that in the 75th year, the government will end up with a big pile of debt, requiring large interest payments."

• A proposal by Senators Cassidy and Kaine suggests using a $1.5 trillion investment fund in stocks and $25.1 trillion in additional borrowing to cover Social Security's funding gap, aiming to avoid benefit cuts or tax hikes.
• Simulations by Boston College's Center for Retirement Research indicate this plan is risky, with a high probability (64%) of investment returns failing to cover the debt over 75 years, especially with lower-than-historical stock market return assumptions.
• Alternative ideas include allocating a portion of Social Security funds to stocks or 'Trump accounts' for children, which critics argue do not address the immediate funding needs of current retirees.

Topics: Public debt, Yield performance, Institutional adoption, Tokenized us treasuries, Global sovereign bond tokenization, Retail access govt debt, Performance vs tradfi

Tags: #socialsecurity #debt #stockmarket #investmentfund #cassidykaineproposal #bostoncollege #senators #trustfund #benefitcuts #trumpaccounts

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One of Crypto’s Biggest Bills Is Losing a Race Against the Calendar

Key Takeaways Journalist Eleanor Terrett calls the July 4 CLARITY Act timeline “logistically impossible.” Galaxy’s Mike Novogratz says the bill […] The post One of Crypto’s Biggest Bills Is Losing a Race Against the Calendar appeared first on Coindoo.

• The CLARITY Act, aiming to define regulatory authority over digital assets in the US, faces a critical deadline with conflicting views on its passage.
• Journalist Eleanor Terrett deems the July 4 target 'logistically impossible' due to procedural hurdles, while Galaxy CEO Mike Novogratz believes it will pass despite remaining issues.
• The bill's success hinges on securing bipartisan Senate support, with the August recess posing a significant risk to its timely enactment.

Topics: Legal regulatory, Jurisdictions, Institutional adoption, Securities law classification, Cross jurisdictional policy, Banking depository pilots

Tags: #clarityact #sec #cftc #senate #house #mikenovogratz #eleanorterrett #digitalassets #regulation #blockchain

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Japan’s Top Bond-Trading Regional Bank Buys JGBs After Decade

Iyogin Holdings Inc. has started buying Japanese government debt for the first time in a decade, with small purchases of super-long bonds. The bank's CEO Kenji Miyoshi expects the Bank of Japan policy rate to rise to around 1.5% by the end of next year, and is investing in JGBs to diversify risks across its securities portfolio. Iyogin's move comes as many insurers and foreign investors are avoiding JGBs due to concerns about yields rising from Japan's fiscal policy and inflation.

• Iyogin Holdings, a top Japanese bond-trading regional bank, has resumed purchasing Japanese Government Bonds (JGBs) after a decade-long hiatus, focusing on super-long bonds.
• The bank's CEO anticipates a rise in the Bank of Japan's policy rate to 1.5% by end-2025, viewing current market conditions as an opportunity for investment despite broader investor caution due to inflation and fiscal policy concerns.
• Iyogin also maintains a diversified portfolio including foreign debt (with successful currency risk-taking) and has seen significant gains from Nvidia stock investments, while also being a major player in ship finance with a notable shift towards Swiss franc-denominated loans.

Topics: Asset types, Market cycles macro sensitivity, Public debt, Financial instruments, Interest rate sensitivity, Tokenized us treasuries, Global sovereign bond tokenization

Tags: #japanesegovernmentbonds #iyoginholdings #bankofjapan #interestrates #yields #securitiesportfolio #inflation #currencyrisk #shipfinance #swissfrancfinancing

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Standard Chartered sees signs of Bitcoin bottom ahead of Strategy update

• Standard Chartered's top digital assets analyst, Geoffrey Kendrick, believes Bitcoin has hit its cycle bottom around $59K and forecasts a year-end target of $100K.
• Key factors supporting this optimistic outlook include persistent corporate treasury buying, notably by MicroStrategy, and resilient inflows into spot Bitcoin ETFs.
• The analysis suggests a shift from previous crypto winters, with institutional capital and regulated on-ramps playing a more significant role in market stabilization.

Topics: Asset types, Institutional adoption, Scalability, Financial instruments, Asset manager initiatives, Institutional capital inflows

Tags: #bitcoin #standardchartered #geoffreykendrick #cyclebottom #microstrategy #michaelsaylor #spotbitcoinetfs #corporatetreasury #yearendtarget #cryptowinter

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VanEck Bets BNB’s Real-World Usage Can Help Its ETF Stand Out

TL;DRVanEck Positions BNB As A Usage-Driven ETF StoryVanEck is leaning on BNB Chain’s real-world activity as the central argument for its spot BNB ETF, ticker VBNB, rather than selling the product purely as another crypto exposure vehicle.The ETF launched on Nasdaq on May 28, 2026, with VanEck Digi…

• VanEck is launching a spot BNB ETF (VBNB) on Nasdaq, emphasizing BNB Chain's real-world usage and revenue generation as a key differentiator.
• The ETF aims to attract investors by highlighting metrics like monthly active users, daily active users, and annual revenue, contrasting it with networks focused solely on technical promises.
• Despite strong chain metrics, the ETF faces the challenge of converting this usage story into investor demand, with its initial AUM of $2 million and the potential for future staking adding to the uncertainty.

Topics: Asset types, Scalability, Institutional adoption, Alternative assets, Growth metrics, Asset manager initiatives

Tags: #vaneck #bnb #bnbchain #etf #usagemetrics #revenuechain #activeusers #nasdaq #digitalassets #investordemand

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Bitcoin Price Prediction: Standard Chartered Says $59K Marked Cycle Bottom

Bitcoin price prediction improves after Standard Chartered says the $59K low marked the cycle bottom amid SpaceX IPO demand.

• Standard Chartered analyst Geoffrey Kendrick believes Bitcoin's $59,000 low marked the cycle bottom, with a year-end target of $100,000.
• The recent sell-off was attributed to ETF outflows, liquidity stress from the SpaceX IPO, and macro fears, which are now expected to ease.
• Ethereum also maintained its $4,000 target, with expectations of outperformance if market confidence returns.

Topics: Institutional adoption, Scalability, Market cycles macro sensitivity, Asset manager initiatives, Institutional capital inflows, Interest rate sensitivity

Tags: #bitcoin #standardchartered #priceprediction #cyclebottom #spacexipo #etfflows #liquidity #ethereum #geoffreykendrick

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Binance SpaceX perpetual futures trading hits $9B

Binance SpaceX perpetual futures trading surpassed $9B in volume, capturing 60%+ market share across CEX and DEX venues after SpaceX's Nasdaq debut.

• Binance saw over $9 billion in trading volume for its SpaceX perpetual futures contract following the company's Nasdaq debut, capturing over 60% market share.
• The exchange successfully transitioned its pre-IPO futures to a standard TradFi perpetual contract and offered tokenized SpaceX stock from day one, demonstrating its multi-asset capabilities.
• Despite an infrastructure failure with a partner (xStocks) that impacted tokenized share allocation, Binance compensated affected users, highlighting its commitment to customer experience.

Topics: Institutional adoption, Integration with defi, Public market, Asset manager initiatives, On chain treasury management, Stock equity tokenization

Tags: #spacex #binance #perpetualfutures #tokenizedsecurities #nasdaqlisting #tradingvolume #marketshare #xstocks #derivatives #preipo

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SpaceX’s IPO exposes the first crack in tokenized stocks - fragmented ownership and allocation

SpaceX is exposing the first big crack in tokenized stocks: everyone can trade the name, but not everyone owns the same thing.

• SpaceX's IPO highlighted the fragmentation in tokenized stock offerings, with various products providing different levels of ownership and rights.
• Demand for tokenized exposure, particularly through 'xStocks', outstripped supply, leading to allocation issues and exposing gaps in redemption, custody, and settlement.
• The article emphasizes the need for investors to understand the distinct risk profiles of different tokenized equity instruments before subscribing.

Topics: Asset types, Scalability, Fragmentation interoperability, Equity tokenization, Market depth liquidity scaling, Token standard harmonization

Tags: #spacexipo #tokenizedstocks #fragmentedownership #xstocks #backpacksecurities #hyperliquid #binance #kraken #bybit #equitylinkedinstruments

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Poland’s President Vetoes Crypto Assets Bill Again, Citing Weak Rules

Poland’s attempt to pass new cryptocurrency market rules has hit another roadblock after President Karol Nawrocki refused to sign the crypto-assets bill. T | Bitget crypto news!

• Poland's President Karol Nawrocki has vetoed the proposed cryptocurrency assets bill for the third time, citing insufficient regulatory rules and consumer protection measures.
• The President stated that the bill did not incorporate most of his office's proposed amendments and was nearly identical to a previously rejected version.
• This repeated veto leaves Poland without a clear regulatory framework for its digital asset market, causing frustration within the government and uncertainty for crypto firms.

Topics: Legal regulatory, Jurisdictions, Political endorsements opposition, Securities law classification, Regulatory sandboxes pilots, Pro innovation policy, Political opposition bans

Tags: #poland #cryptocurrency #veto #presidentkarolnawrocki #cryptoassetsbill #regulation #consumerprotection #donaldtusk #parliament #digitalassetmarket

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'Buy a ticket for 60 bucks and resell it for $6,000': NYC Mayor Mamdani criticized FIFA's resale market, but his jersey drop created the same thing | Fortune

The New York City mayor has been very vocal about FIFA's resale market and how ordinary, working class New Yorkers were priced out of a limited supply.

• New York City Mayor Mamdani criticized FIFA's high ticket prices and resale market, advocating for accessibility for working-class New Yorkers.
• However, the city's own release of limited-edition World Cup jerseys faced similar issues, with high demand leading to rapid sell-outs and significant markups on the resale market.
• This situation highlights the challenges of managing scarcity and demand, even when attempting to provide affordable access to desirable items.

Topics: Asset types, Scalability, Institutional adoption, Alternative assets, Market depth liquidity, Asset manager initiatives

Tags: #fifa #resalemarket #newyorkcity #jerseys #scalping #limitedsupply #ticketprices #mayormamdani #workingclass #speculators

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Reform UK Leader Scales Back Media Amid GBP 5M Crypto Grant Probe

The leader of the UK’s Reform Party has scaled back media activity as scrutiny intensifies over a GBP 5 million grant linked to a crypto investor, accordin | Bitget crypto news!

• Reform UK's leader has reduced media appearances due to an ongoing investigation into a GBP 5 million grant from a crypto investor.
• The probe focuses on transparency, compliance, and the source of funds for political donations linked to digital assets.
• This situation highlights the increasing scrutiny of crypto wealth intersecting with traditional political systems and raises questions about regulatory frameworks.

Topics: Legal regulatory, Political endorsements opposition, Compliance, 3 1 securities law classification, 13 3 legislative debates, 26 1 transaction monitoring reporting, 33 2 kyc aml frameworks

Tags: #reformuk #cryptogrant #politicalfunding #transparency #investigation #mediaactivity #ukpolitics #digitalassets

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Top Altcoins To Buy Now: XRP, ETH and Others

Bitcoin still leads the market structure, but Ethereum, XRP, Solana, and Chainlink are showing stronger relative strength. According to an analyst, long- | Bitget crypto news!

• Bitcoin remains the market leader, but Ethereum, XRP, Solana, and Chainlink are showing stronger relative strength despite capital rotation out of crypto.
• Ethereum's supply is tightening due to low exchange balances and increasing staking, while XRP benefits from ETF-style participation reducing panic selling.
• Solana thrives on high ecosystem activity and user/developer attraction, while Chainlink's strength lies in its infrastructure adoption for data feeds and cross-chain communication, crucial for tokenization.

Topics: Asset types, Institutional adoption, Integration with defi, Financial instruments, Asset manager initiatives, Rwa collateral lending

Tags: #ethereum #xrp #solana #chainlink #bitcoin #tokenization #defi #etf #infrastructure #relativestrength

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Dow Jones Top Financial Services Headlines at 4 PM ET: BlackRock Private-Credit Fund Faces 13% Redemption Requests | JPMorgan ...

• BlackRock's private-credit fund is facing significant redemption requests, though withdrawals will be capped.
• JPMorgan Chase is set to host SpaceX's IPO event, while regulatory news includes the SEC seeking to scrap a best-price rule and a former investment officer pleading guilty to fraud.
• Citigroup is rolling out tokenized shares of private companies, signaling a move towards broader adoption of tokenization in traditional finance.

Topics: Asset types, Institutional adoption, Legal regulatory, Private credit high yield, Asset manager initiatives, Securities law classification

Tags: #blackrock #privatecredit #redemptionrequests #jpmorgan #spacexipo #kenleech #secprobe #communitybank #moneymarketfunds #citigroup #tokenizedshares

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Blockworks Acquires Messari for $10M to Build Crypto’s Unified Data and Intelligence Platform

Blockworks acquired Messari for over $10M, combining top crypto data platforms to build a unified system of record for onchain markets.

• Blockworks has acquired Messari for over $10 million, merging two major crypto data and analytics platforms to create a unified system of record for onchain markets.
• The combined entity aims to provide essential data infrastructure, including powerful APIs and AI-compatible data, to support institutional adoption of onchain finance.
• This strategic move is intended to build trust and transparency as traditional financial assets increasingly move onto blockchain networks.

Topics: Infrastructure providers, Scalability, Institutional adoption, Tokenization platforms, Growth metrics, Asset manager initiatives

Tags: #blockworks #messari #cryptodata #intelligenceplatform #onchainmarkets #apiinfrastructure #institutionalfinance #tokenization #systemofrecord #dataanalytics

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SEC targets 20-year-old rule standing between Wall Street and blockchain trading

SEC’s plan to scrap a two-decade-old rule could give tokenized equities a clearer path into regulated US markets.

• The SEC is proposing to rescind Rule 611 (trade-through rule) and Rule 610(e), which could significantly ease the path for tokenized equities to trade on regulated US markets.
• This change is seen as a major unlock for DeFi and tokenized assets, as the current rules are difficult for AMMs to comply with, but further regulatory hurdles like registration and settlement remain.
• While the proposal aims to foster innovation and simplify market structure, concerns exist about potential market fragmentation and ensuring investor protection and fair pricing.

Topics: Legal regulatory, Infrastructure providers, Public market, Securities law classification, Tokenization platforms, Stock equity tokenization

Tags: #sec #tradethroughrule #regulationnms #tokenizedequities #blockchaintrading #automatedmarketmakers #defi #nbbo #marketstructure #innovationexemption

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South Korea Says Tokenized Stocks May Face Existing Tax Laws

South Korea may tax tokenized stocks under securities laws as FSC reviews rules amid rising demand for blockchain-based equity products.

• South Korea's finance ministry views tokenized stocks as securities, not virtual assets, potentially subjecting them to existing tax laws.
• This interpretation, if adopted by the Financial Services Commission, would avoid the need for new legislation and bypass the virtual asset taxation regime.
• The regulatory stance is crucial as global demand for tokenized equities rises, with the FSC expected to release guidance in July.

Topics: Legal regulatory, Asset types, Jurisdictions, Securities law classification, Equity, Established hubs

Tags: #tokenizedstocks #southkorea #securitieslaw #taxation #financialservicescommission #capitalmarketsact #virtualassets #regulatoryreview #equityinstruments

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Circle Internet Group Tokenized bStocks Price, CRCLB Price, Live Charts, and Marketcap - Coinbase Australia

Topics: Asset types, Blockchain usage, Institutional adoption, Alternative assets, Layer 2 scaling, Asset manager initiatives

Tags: #tokenizedbstocks #crclb #circleinternetgroup #bnbsmartchain #bep20 #cryptocurrency #marketcap #tradingvolume #coinbaseaustralia #categorized

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BitMine Strengthens Ethereum (ETH) Holdings with $41M Purchase Amid Ongoing Digital Asset Treasury Strategy

Topics: Asset types, Institutional adoption, Integration with defi, Alternative assets, Asset manager initiatives, Rwa collateral lending

Tags: #ethereum #eth #bitmine #bmnr #tomlee #digitalassettreasury #tokenization #defi #staking #institutionaladoption #categorized

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Nobody Told the ERP That Blockchain Won

For banks connecting blockchain infrastructure to regulated financial systems, settlement remains the hardest problem in finance.

Topics: Infrastructure providers, Scalability, Blockchain usage, Tokenization platforms, Market depth liquidity, Ethereum evm l 1 s

Tags: #blockchain #settlement #tokenization #financialsystems #enterpriseresourceplanning #erp #interoperability #realtimesettlement #tokenizeddeposits #citi #categorized

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