France Pushes Bill to Share Crypto Tax Data With 48 Nations
A new bill, presented by Jean-Noël Barrot, Minister for Europe and Foreign Affairs, would expand the exchange of cryptocurrency activity dat...
Evening market briefing
ETF inflows, tax-data sharing and stablecoin liquidity set the tone, while BlackRock’s share of flows kept institutional concentration in focus.
A new bill, presented by Jean-Noël Barrot, Minister for Europe and Foreign Affairs, would expand the exchange of cryptocurrency activity dat...
Executive scan
Today in crypto was led by renewed ETF demand and a heavier policy tape. US spot Bitcoin and Ethereum ETFs drew more than $1 billion in fresh cash for their strongest week since April, with BlackRock taking the bulk of reported inflows. Separate coverage put IBIT at 81% of an $853 million Bitcoin ETF inflow streak, reinforcing the concentration story around institutional access.
Regulation stayed prominent. France advanced a bill to share crypto tax activity data with 48 nations, while the US Senate is expected to vote in September on crypto legislation tied to the Clarity Act. Stablecoin coverage was mixed: USDC on Stellar grew 35% in market cap over 30 days, but USD Coin circulation fell by $1.5 billion over the same period. Russia’s jump in hardware wallet sales and fresh scrutiny of exchange proof-of-reserves kept custody risk on the board.
Market read
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Main signals
Stellar's USDC growth highlights its potential as a key player in cross-border payments, enhancing multi-chain interoperability an...
US-listed spot Bitcoin and Ethereum exchange-traded funds pulled in more than $1 billion in fresh cash this week, with both groups...
BlackRock's dominance in Bitcoin ETF inflows highlights growing institutional interest, potentially stabilizing and legitimizing t...
The US's aggressive crypto sanctions on Iran highlight the increasing role of stablecoin issuers in global financial compliance. T...
Russia's crypto regulation shift accelerates self-custody adoption, highlighting global trends towards decentralized financial con...
Wildberries’ average price for hardware wallets fell 13% to 7,900 rubles, and M.Video broadened its range of products, though neit...
The reduction in USDC circulation amid rising transaction volumes highlights potential shifts in market confidence and liquidity d...
Bitcoin's increasing scarcity may drive up demand and prices, impacting miner profitability and network security as rewards dimini...
Market watch
ETF concentration, stablecoin circulation and Bitcoin supply milestones were the main market-structure threads into the close.
Policy and risk
Tax transparency, US market-structure legislation and custody controls carried the day’s policy and risk agenda.
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