The U.S. Supreme Court’s decision curbing tariff powers under IEEPA briefly upended trade policy before the administration pivoted to a temporary 10% levy under Section 122 of the 1974 Trade Act. The legal whipsaw lifted safe-haven demand, pushing gold to a three-week high near $5,257/oz, while the dollar index eased as investors braced for renewed policy uncertainty ahead of the 150‑day tariff window expiring July 24. Equities slipped modestly as markets weighed the durability of the stopgap tool and prospects for fresh legal challenges.
Source: FinanceFeeds
OCC proposes limits on stablecoin rewards, tightening GENIUS Act implementation
The Office of the Comptroller of the Currency unveiled a draft rule that would restrict issuer-linked or third‑party “yield” programs tied to payment stablecoins, arguing such arrangements can resemble interest-bearing deposits in substance. The proposal operationalizes the 2025 GENIUS Act, reinforcing full-reserve, par‑redemption design while signaling scrutiny of incentive structures that pay users for simply holding tokens. Industry comment is now open as banks push for tighter guardrails and crypto firms warn of stifled innovation.
Source: FinanceFeeds
Spot Bitcoin ETFs notch $254M in net inflows, signaling tentative institutional return
U.S. spot Bitcoin ETFs recorded approximately $254 million in net inflows, marking a third straight day of positives and hinting at measured institutional re‑engagement following recent outflows. Allocations were spread across major issuers as investors added exposure during price consolidation—consistent with risk-managed rebalancing rather than momentum buying. Flow patterns remain a key gauge of institutional sentiment as ETF rails become central to crypto market liquidity.
Source: FinanceFeeds
Block to cut 4,000+ jobs in AI-driven overhaul, trims headcount below 6,000
Jack Dorsey’s Block will eliminate more than 4,000 roles—reducing its workforce to under 6,000—as it restructures around AI-enabled productivity. Management framed the move as a strategic realignment rather than a response to weak performance, with near‑term restructuring charges of $450M–$500M expected and selective hiring continuing in AI and ML. Investors welcomed the pivot, underscoring a broader tech trend of smaller, automation‑first operating models.
Source: FinanceFeeds
Bloomberg, Kaiko bring licensed data onchain for tokenized Treasurys and repo
Bloomberg is partnering with Kaiko to embed standardized, licensed financial data directly into permissioned blockchain environments, initially targeting tokenized U.S. Treasurys and repo on the Canton Network. The goal is to reduce pricing and reference‑data discrepancies that plague fragmented tokenized markets, aligning onchain instruments with audit‑grade data lineage familiar to traditional fixed‑income desks. The initiative underscores that data integrity—not just settlement rails—will determine institutional adoption of tokenized RWAs.
Source: FinanceFeeds
Clear Street enters APAC via Boom Securities acquisition to scale regional access
Clear Street agreed to acquire Hong Kong’s Boom Securities (H.K.) Limited, securing licenses and infrastructure that provide immediate access to 18 global markets and over $2B in AUM. The cloud‑native prime brokerage plans to migrate Boom’s operations onto its unified platform, offering cross‑margining, multi‑asset tooling, and real‑time analytics to regional clients. The APAC push comes alongside the appointment of a Chief Strategy & Growth Officer, signaling continued M&A‑led expansion despite a deferred IPO.
Source: FinanceFeeds
Aave surpasses $1T in total lending, highlighting DeFi’s maturing institutional footprint
DeFi protocol Aave reported cumulative lending volumes exceeding $1 trillion, supported by a recent 30‑day fee haul of $83.3M and a growing institutional presence via its Aave Horizon market for tokenized RWAs. The milestone spotlights the sector’s evolution from retail experimentation to infrastructure used for collateral, repo‑style funding, and structured yield—particularly as regulated tokenization pilots gain traction. With TVL topping $27B, Aave remains a bellwether for DeFi’s integration into broader capital markets.
Source: FinanceFeeds
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