Latest from Sheldon Reback
JPMorgan says Hyperliquid's rise threatens Circle's USDC economics
Hyperliquid's deal with Circle and Coinbase creates a "prisoner's dilemma" that puts pressure on earnings from the dollar-pegged stablecoin.

For pension funds, tokenization’s real play is balance-sheet management, Fidelity’s Lai says
Fidelity International’s Giselle Lai argues that the most compelling long-term use case for tokenized funds is balance-sheet management for large, global institutions, not 24/7 liquidity.

ECB picks firms including Deutsche Bank, Revolut for digital euro pilot
The pilot will test a beta version of the digital euro for online, offline, in-store, and e-commerce payments with ECB and central bank staff as users.


Bitcoin steadies at $62,600 as South Koreans flee stocks rout for crypto
Bitcoin consolidated after Monday's selloff as Donald Trump threatened more Iran strikes, gold extended its slide and a KOSPI index meltdown sent South Korean crypto volumes soaring.

Bitcoin panic-selling may be ending as sellers' profit margins disappear
Analysts point to bitcoin’s resilience amid fresh U.S.-Iran escalation and renewed spot ETF inflows as the clearest signs yet that the marginal seller has stepped away.

UK Treasury report on tokenization cites Ripple as convergence model
A Treasury-backed report targets putting repo, gilts and funds onchain within two years, and warms to permissionless networks that firms like Ripple have been building on.

SBI Holdings' blockchain initiative pivots to Solana for tokenization, stablecoin issuance
The SBI Solana Global joint venture now includes the Solana Foundation, the Swiss organization that oversees the layer-1 network.

Resurgent U.S.-Iran hostilities send bitcoin lower even as ETF flows show demand
Your day-ahead look for July 13, 2026

Profit-taking, MidEast hostilities drag crypto lower after bullish week
Crypto's weekend gains gave way to a Monday selloff as Middle East tensions resurfaced, South Korea's Kospi lost 9.2% and $253 million in leveraged positions were wiped out.

