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STABLE surges 16% to $0.041 as memecoin frenzy drives 167K transactions
Edgen Crypto·Jul 23 2026, 17:54Share to
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[1] STABLE surges 16% as StableSwap launch drives 167K transactions: $0.05 in sight? (https://ambcrypto.com/stable-surges-16-as-sta ...)
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Jul 23 2026, 19:48
BlackRock IBIT and MicroStrategy reveal 2 paths to Bitcoin accumulation
**Two of the largest institutional Bitcoin holders have pursued fundamentally different accumulation strategies, reflecting competing views on how the asset fits into portfolio construction and corporate treasury management.** BlackRock's iShares Bitcoin Trust and MicroStrategy represent two distinct institutional approaches to accumulating Bitcoin, each with different structural advantages, cost profiles, and investor bases. The comparison highlights how traditional finance and corporate treasuries are channeling capital into the asset through separate mechanisms. "The ETF structure offers liquidity, daily pricing, and regulatory familiarity under the Investment Company Act of 1940, while the corporate treasury model provides direct ownership without fund-level expense ratios," said James Butterfill, head of research at CoinShares. "Each attracts a different type of investor with different holding period expectations." IBIT, which launched in January 2024, operates as a spot Bitcoin ETF listed on Nasdaq, allowing traditional brokerage account holders to gain Bitcoin exposure without managing private keys or exchange accounts. The fund charges a management fee and publishes daily holdings, providing transparency that institutional allocators require. MicroStrategy, by contrast, purchases Bitcoin directly on its corporate balance sheet, funding acquisitions through convertible note offerings and equity raises, and holds the asset as its primary treasury reserve. The structural differences carry meaningful implications. IBIT investors can exit positions during market hours at net asset value, while MicroStrategy shareholders own a claim on the company's Bitcoin holdings plus its software business — a structure that can trade at a premium or discount to the underlying Bitcoin value. MicroStrategy's approach also introduces corporate leverage through its debt-funded purchases, amplifying both upside and downside exposure relative to spot Bitcoin. ## ETF Flows vs. Corporate Treasury Demand IBIT's accumulation is visible through daily ETF flow data, providing real-time signals of institutional demand. The fund has consistently ranked among the top ETF launches by assets under management, drawing inflows from registered investment advisers, hedge funds, and pension allocators. MicroStrategy's purchases, disclosed in SEC filings and press releases, follow a less predictable cadence tied to its capital markets activity. The two channels serve different market functions. ETF flows offer a temperature check on mainstream institutional appetite, while corporate treasury purchases signal conviction from company management willing to allocate shareholder capital to Bitcoin. Together, they represent a dual-layered demand structure that has supported Bitcoin's price floor during drawdowns. ## What the Comparison Means for Bitcoin's Market Structure The coexistence of ETF-based and corporate treasury accumulation creates a more resilient demand base than either channel alone. ETF investors tend to be more price-sensitive and may redeem during volatility, while corporate holders like MicroStrategy have historically maintained their positions through market cycles, reducing sell-side pressure. This dual-channel dynamic reinforces the narrative of sustained institutional adoption, as it signals demand from both traditional finance intermediaries and corporate balance sheets. The structural diversity of accumulation methods may also reduce Bitcoin's correlation with traditional risk assets over time, as different holder types respond to different incentives. This article is for informational purposes only and does not constitute investment advice.
Jul 23 2026, 19:38
Clarity Act could unlock trillions for crypto, Franklin Templeton says
The Clarity Act, a landmark crypto market structure bill passed by the House last July, could unlock trillions of dollars in institutional capital that major asset managers have kept on the sidelines awaiting regulatory certainty. "Large financial institutions have already built their blockchain infrastructure, but they're waiting for regulatory clarity before committing their largest pools of investment capital," Sandy Kaul, head of digital asset and industry advisory at Franklin Templeton, said on The Daily Wolf podcast. The bill designates the Commodity Futures Trading Commission as the primary regulator for crypto spot markets and defines criteria for "mature blockchains" that would determine whether tokens are classified as securities or commodities. It passed the House with bipartisan support but has stalled in the Senate over disputes about whether stablecoin issuers should be permitted to pay yield on idle tokens — a provision banks warn could drain deposit bases — and over how public officials must disclose personal crypto holdings, according to a report from The Motley Fool citing congressional sources. The Senate is scheduled to break for recess on Aug. 11 and will not return until mid-September, leaving a narrow window before the midterm election campaign season effectively ends legislative action. "In order to pass a cryptocurrency market structure bill this year, we think Congress needs to finish the bill before the August recess," Brian Gardner, chief Washington policy strategist at Stifel, said in a research note. "Passing a bill during the lame duck session following the midterm elections is hypothetically possible, but unlikely." President Donald Trump urged the Senate to advance the legislation, posting on Truth Social that the bill should be passed in honor of the late Sen. Lindsey Graham and to maintain US competitiveness in digital assets. The push comes as other jurisdictions, including the European Union with its Markets in Crypto-Assets regulation and Singapore with its Payment Services Act, have already established comprehensive frameworks. The Clarity Act has drawn criticism from some quarters. An op-ed published on MS NOW argued the bill contains "dangerous loopholes" that could allow bad actors to evade accountability by structuring operations through decentralized platforms where no single entity exercises unilateral control. The piece drew parallels to Section 230 of the Communications Decency Act, warning that a law "built around what you are, instead of what you do, is slow and difficult to recalibrate once the underlying risk changes." For institutional investors like Franklin Templeton, which managed $1.6 trillion in assets as of its most recent filing, the regulatory framework will determine how aggressively they can deploy capital into digital assets. Kaul's comments suggest the infrastructure is ready — the missing piece is the legal certainty that the Clarity Act would provide. Bitcoin, which the SEC and CFTC have already classified as a commodity, would be least affected by the legislation, according to analysts. The token's regulatory clarity has helped drive a $1.29 trillion market capitalization and supported the launch of spot Bitcoin exchange-traded funds in early 2024 that attracted billions in net inflows. Altcoins including XRP and Solana, which face ongoing classification uncertainty, stand to benefit more directly from the bill's "mature blockchain" criteria. This article is for informational purposes only and does not constitute investment advice.
Jul 23 2026, 18:55
Ondo Finance wins FINRA nod to offer tokenized stocks to 100M+ US investors
**Ondo Finance's SEC-registered broker-dealer subsidiary secured FINRA authorization to bring tokenized equities and ETFs to hundreds of millions of American retail and institutional investors under full regulatory oversight.** Ondo Finance on July 23 announced that Oasis Pro Markets, its SEC-registered broker-dealer, received FINRA authorizations to offer tokenized corporate equities and funds to U.S. financial institutions and retail investors. The approvals cover OTC retailing, underwritten primary offerings, private placements and secondary trading of tokenized securities under SEC and FINRA oversight. "The authorizations further enable Oasis Pro Markets to operate a compliant platform for U.S. issuers to conduct primary offerings of, and for U.S. institutional and retail investors to engage in secondary trading of, these tokenized securities," Ondo Finance said in a statement. Under the framework, Oasis Pro Markets can offer U.S. investors access to NMS equities — stocks listed on major national exchanges — along with fund interests including ETFs, mutual funds and index funds, plus securities issued through IPOs. Settlement can occur in fiat currency or supported stablecoins, including directly between blockchain-based wallets. The approvals also support omnibus account structures, letting institutional investors, registered investment advisers and retirement accounts access tokenized securities through their existing brokers without switching platforms. The FINRA clearance closes a regulatory gap that had kept Ondo's strongest traction outside the U.S. The firm secured EU approvals, expanded across multiple chains and added BlackRock's IBIT and Galaxy Digital offerings to its suite, but the U.S. market remained largely out of reach. Ondo now leads the real-world asset tokenization space with more than $20 billion in cumulative volume and over $1 billion in total value locked, according to company data. **What the Authorization Unlocks** The approvals build on Ondo's acquisition of Oasis Pro in October 2025, which brought an SEC-registered broker-dealer, an SEC-registered alternative trading system and an SEC-registered transfer agent under one roof. Oasis Pro TA, the transfer agent arm, provides on-chain capitalization table management, shareholder rights and cross-asset collateral mobility. In early July, Ondo unveiled its tokenized-stock model with real securities already attached: BlackRock's iShares Core S&P 500 ETF and shares of chipmaker Micron were among the first securities issued, with Oasis Pro serving as transfer agent and Wall Street back-office firm Broadridge handling proxy voting and shareholder communications. The SEC closed its probe into Ondo with no charges, a clearance that signaled confidence in the compliance model. **Market Context and Forward Outlook** The ONDO token traded at $0.40 as of July 23, down 3.14 percent in the past 24 hours despite a 2.35 percent gain over the past seven days, CoinGecko data shows. The token's 24-hour trading volume stood at roughly $126.4 million, with a market capitalization of approximately $1.95 billion on a circulating supply of 4.9 billion ONDO. The regulatory path now opens the door for Ondo to bring 24/7 trading, near-instant settlement and fractional ownership to a U.S. investor base that previously could not access tokenized securities through regulated channels. SBI Group recently tapped Ondo for tokenization expansion, and Ondo's tokenized STRC stock launch in May 2026 added further momentum. Each regulatory milestone has reinforced the same thesis: Ondo is building the infrastructure layer for Wall Street to move onchain, with the next test being how quickly U.S. broker-dealers and registered investment advisers integrate the omnibus account structure into their existing platforms. This article is for informational purposes only and does not constitute investment advice.