
Explore this week’s top crypto news, including AI app growth, Bitcoin futures expansion, and the rise of GlobalX, a new pound-backed stablecoin challenging USDT and USDC.

GlobalX introduces a pound-pegged stablecoin backed 1:1 by fiat reserves. While still emerging, its structure and global focus may interest stablecoin watchers.

Hong Kong is launching stablecoin licensing starting August 1 under its new LEAP framework, aiming to boost trust, expand real-world use cases, and lead global crypto regulation.

A new Bitcoin index futures contract is set to launch in Russia, following strong demand for the country’s first BTC futures. The move may speed up mainstream crypto adoption.

Bitcoin has become less volatile than U.S. stocks during the Iran-Israel conflict, as long-term holders tighten supply and institutional demand continues to grow. Analysts now expect prices to climb even higher.

The crypto space continues to evolve with major developments in adoption, market activity, and security. From institutional moves to unexpected events, this week highlights the growing complexity of the digital asset landscape.

By mid-2025, crypto assets held by Russians surpassed $25 billion, driven by growing institutional interest and increasing use of digital currencies for international trade amid Western sanctions.

Trump’s pro-Bitcoin stance is reshaping the global conversation around crypto, pressuring nations to adapt or risk being left behind.

The latest data shows Bitcoin's bull market is still in a neutral phase, with indicators suggesting further upside potential.

Vietnam legalizes crypto, Ukraine considers Bitcoin as a reserve asset, and Latin America sees a surge in crypto remittances in this week’s global crypto update.