KuCoin Crypto Daily(2026-07-12)

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Today's Highlights

1. U.S. Senate to Consider CLARITY Act on July 13

2. India Inc. Q1 FY27 Earnings Season Kicks Off with 143 Companies Reporting

3. Airport Modernization Summit India 2026 to Take Place in New Delhi

4. Major U.S. Digital Dollar Ban to Remain in Place Until 2030

5. High-Profile Crypto Ponzi Scheme Mastermind Faces Charge Drop


Macro News

U.S. DOJ to Drop Charges Against $722M Crypto Ponzi Scheme Mastermind

The U.S. Department of Justice under President Trump is reportedly dropping charges against the individual behind a $722 million cryptocurrency Ponzi scheme, according to Bloomberg.


Four-Year Ban on U.S. Digital Dollar Takes Effect

A four-year restriction on the issuance of a U.S. Federal Reserve digital dollar became effective on July 11 and will remain in place until the end of 2030. The ban was enacted automatically after President Trump neither signed nor vetoed the bill.


Goldman Sachs and Google Restrict Employee Access to Prediction Markets

Goldman Sachs and Google have updated policies to restrict employee participation in prediction markets, amid growing regulatory scrutiny of speculative platforms.


Japan Emerging as Key Market for XRP Amid Regulatory Developments

Recent regulatory and institutional developments in Japan suggest the country could become a major growth market for XRP, despite previous challenges for the asset in its home country.


U.S. Senate to Decide Fate of CLARITY Act on July 13

The U.S. Senate will reconvene on July 13 to determine the fate of the CLARITY Act, a key piece of legislation aimed at clarifying the regulatory framework for digital assets.


Industry Hotspots

U.S. Treasury Restrictions May Limit Growth of Blockchain Infrastructure

A recent report highlights that the U.S. Treasury’s restrictions on digital dollar issuance could hinder innovation in blockchain infrastructure, particularly for cross-border payments and smart contracts.


Morgan Stanley Buys $13.2M in Bitcoin This Week

Morgan Stanley has purchased $13.2 million worth of Bitcoin in the past week and has not sold any Bitcoin since May, indicating continued institutional interest in the asset.


Jupiter Launches Yield-Earning Feature for DCA Orders

Jupiter has introduced a new feature allowing users to earn yield on funds in recurring buy (DCA) orders through Jupiter Lend, with support for USDC and MATIC.


Apple Sues OpenAI for Alleged Trade Secret Theft

Apple has filed a lawsuit against OpenAI, accusing the AI firm of systematically obtaining confidential information through former Apple employees, including over 400 individuals now working at OpenAI.


XRP Whale Activity Suggests Quiet Accumulation Despite Price Decline

Despite a prolonged downward trend in XRP prices, whale accumulation patterns indicate that large investors are quietly building positions, suggesting potential long-term confidence in the asset.


KOL and Institutions

@BTC_NewsBot

Bitcoin is currently trading at $63,758 with a 24-hour low of $63,746 and a high of $64,419. The 24-hour change is -0.5057%, and the 7-day change is 0.98897%.

@marketsday

29 stocks are currently attracting increased holdings from foreign institutional investors (FIIs), spanning sectors such as defence, financials, industrials, technology, and consumer goods.

@HawaiiCurrency

Bitcoin is trading at $64,041.96, Ethereum at $1,803.93, and Solana at $76.74. The market remains in a state of flux, with mixed sentiment across major cryptocurrencies.

@JoannieWis91422

An investor who has held 80,000 Bitcoin since 2011 turned $260,000 into over $9 billion by 2025, achieving a 34,615x return. The case highlights the potential of long-term Bitcoin holdings.

@misterrcrypto

Historical bear markets for Bitcoin have lasted an average of 382 days after the top. None of these cycles ended early due to improved news or late due to worsening conditions.

@KangaExchange

Kanga Exchange will delist the Kusama (KSM) network on July 14, 2026. Users are advised to transfer their funds before the deadline to avoid loss of access.

@Bitwise

Bitwise has added Hyperliquid ($HYPE) to its Bitwise 10 Crypto Index ETF (BITW), making it the world’s largest multi-asset crypto index fund. HYPE now has a weighted position in the fund.

@Citi

A summary of major foreign investment banks' research styles shows that Goldman Sachs is known for momentum-chasing analysis, while Morgan Stanley focuses on fundamentals and industry trends.

@javedahmedhere

Bitcoin is trading at $64,132 with a 0.0% change, Ethereum at $1,810 with a 0.8% increase, and Solana at $76.94 with a 1.1% decline. The Fear & Greed Index is at 26, indicating a fearful market.

@MistiZiehm11105

A $POLY airdrop is expected soon, generating excitement among crypto enthusiasts. Users are advised to prepare their wallets and stay updated for distribution announcements.


This content is generated by AI for informational purposes only and does not constitute investment, financial, or trading advice.

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