MicroStrategy Inc. reported a $14.03 billion quarterly operating income, a 7,000% year-on-year increase, driven by a $14 billion unrealized gain on its digital assets, enabled by a recent FASB accounting rule change. (MarketWatch)
The Trump administration is considering a de minimis tax exemption for Bitcoin and cryptocurrency transactions under $600, as confirmed by White House press secretary Karoline Leavitt on July 17. (The Street)
JPMorgan has partnered with Coinbase to enable Chase credit card customers to fund their Coinbase wallets and purchase cryptocurrencies starting in fall 2025, with the ability to redeem credit card reward points for USDC and link bank accounts directly to Coinbase beginning in 2026. (Reuters)
PNC Bank and Coinbase announced a strategic partnership on July 29, enabling PNC’s customers to buy, sell, and hold cryptocurrencies through their accounts, while PNC will use Coinbase’s banking services and crypto-as-a-service infrastructure to launch its first crypto offering soon. (Yahoo Finance)
PayPal announced it will enable businesses to accept payments in over 100 cryptocurrencies, including bitcoin and ethereum, through its new “Pay with Crypto” service, which converts crypto to fiat or stablecoin, offering lower transaction fees and simplified cross-border commerce. (CBS News)
Square has begun onboarding select merchants to accept Bitcoin payments through its point-of-sale systems using the Lightning Network, with plans to expand to all merchants by 2026, following a pilot at the Bitcoin 2025 conference in Las Vegas. (PYMNTS)
JPMorgan Chase is exploring plans to offer loans backed by clients’ cryptocurrency holdings, such as Bitcoin and Ethereum, potentially starting in 2026, despite CEO Jamie Dimon’s historical skepticism toward cryptocurrencies. (Reuters)
The SEC has approved orders allowing in-kind creations and redemptions for Bitcoin and Ether exchange-traded products (ETPs), marking a shift from cash-only transactions, aiming to enhance efficiency and reduce costs for investors, while also approving additional crypto-based ETP listings and trading options. (SEC)
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