Tag: CRYPTOS FoxBusiness

Jito has proposed a governance overhaul that would direct 100% of the DAO’s JTX revenue share toward open-market $JTO buybacks and permanent token burns through at least Q4 2027.

According to a governance proposal published by Jito on July 13, the protocol has introduced JIP-38, which would formally classify Jito as a token-centric network where nearly all major network revenue flows to the decentralized autonomous organization and remains under the control of $JTO token holders.

JIP-38 is now live.

Value should live with the Network. This proposal formally establishes Jito as a token-centric network, committing 100% of the Jito DAO’s revenue share from @JTX_trade to programmatic buyback and burns of $JTO for at least 1 year from JTX launch.

— Jito (@jito_sol) July 13, 2026

The proposal triggered an immediate market reaction, with Jito ($JTO) climbing as much as 8% shortly after its release, according to data from crypto.news.

Revenue would be redirected to $JTO holders

Under JIP-38, Jito proposes using the DAO’s entire share of JTX revenue to buy $JTO tokens on the open market before permanently removing those tokens from circulation. According to the proposal, this arrangement would remain in place for at least one year, extending through the fourth quarter of 2027.

One exception remains in the framework. The proposal states that 20% of JTX platform fees would continue to be reinvested into JTX development rather than being allocated to buybacks and burns. Jito said the remaining major revenue streams would continue flowing through the DAO under governance controlled by $JTO holders.

To carry out the program, the proposal calls for buybacks to be executed automatically through a Rev Splitter mechanism overseen by the project’s Dev Council. Alongside the automation process, Jito plans to update its governance documentation so the protocol’s operating model formally recognizes the token-centric structure.

According to JIP-38, existing revenue allocation commitments would be completed before a comprehensive review of protocol fee streams takes place in Q4 2027.

During that review, governance participants would evaluate the performance of token buybacks, ecosystem incentives, and other capital allocation methods before $JTO holders vote on the network’s next long-term revenue framework.

Governance changes extend beyond token burns

Beyond the buyback program, JIP-38 outlines several operational changes intended to support the new revenue structure. According to the proposal, the Rev Splitter would become progressively more automated while governance records would be updated to match the revised economic model.

Jito also stated in the proposal that the framework is designed so value generated across the network accrues to the $JTO token instead of external corporate entities. Any future changes to revenue allocation after Q4 2027 would require approval through governance voting by $JTO holders.

The proposal arrives as Jito continues expanding its presence across the Solana ecosystem. Earlier this year, as previously reported by crypto.news, 21Shares launched the 21Shares Jito Staked SOL ETP (JSOL) on Euronext Amsterdam and Euronext Paris.

The issuer said the product provides regulated exchange-traded exposure to Solana through JitoSOL while embedding staking rewards, allowing investors to access the asset through traditional brokers and banks without managing wallets or staking infrastructure.

Institutional support for the protocol has also grown over the past year. As previously reported by crypto.news, Andreessen Horowitz’s (a16z) crypto division invested $50 million in Jito to help expand the Solana staking protocol’s ecosystem.

The investment included an allocation of $JTO tokens to the venture firm, adding another high-profile backer as the protocol seeks approval for its latest governance proposal.

Bolivia’s government has begun exploring the possibility of integrating Tether’s $USDT stablecoin into the national payments system, a move that would have been unimaginable just two years ago when the country maintained one of the strictest total bans on cryptocurrency activity in the hemisphere. According to the original report, this policy shift comes after crypto transaction volumes jumped to $430 million in the year following the central bank’s decision to remove restrictions in mid-2024. The figure signals a rapid reorientation of everyday financial behavior in a country where traditional banking access remains uneven and confidence in local monetary instruments is fragile.

The number isn’t just a headline—it reflects actual settlement flows in a dollarized informal economy that has long relied on physical cash and unregulated exchange houses. Stablecoins like $USDT already function as de facto digital dollars across many emerging markets, but Bolivia’s consideration of a formal government-endorsed integration would be a first. It would place a sovereign payments apparatus squarely on top of a privately issued stablecoin, a concept that blurs the line between state-sanctioned rails and permissionless digital currency protocols.

The Road from Ban to Boom

Bolivia’s relationship with crypto was aggressively hostile for nearly a decade. In 2014, the financial regulator issued a blanket prohibition on any cryptocurrency use, citing risks to monetary sovereignty and consumer protection. Banks were forbidden from facilitating crypto transactions, and even private peer-to-peer trading operated in a legal gray zone that exposed users to enforcement risk. That stance held firm even as neighbors like Argentina and Brazil saw explosive stablecoin adoption.

Then, in mid-2024, the central bank abruptly lifted the restrictions. The reversal wasn’t accompanied by a lengthy public debate or a major legislative overhaul—it was an administrative policy update. But the effects were immediate. Within twelve months, $430 million in crypto volumes moved through the economy, much of it channeled through $USDT on low-cost layer-1 networks. The demand wasn’t speculative. It was transactional. People were paying for services, settling invoices, and moving remittance money across borders without using the conventional banking corridor.

The government’s current exploration of $USDT integration is being treated as a natural next step. It mirrors other recent crypto payment integrations in emerging markets, such as Sui’s partnership with Nigerian fintech Paga, which aims to bring digital assets into everyday transactions for a population familiar with mobile money but excluded from dollar-denominated banking. Bolivia’s path is less about technology hype and more about practical necessity: the boliviano’s long-term depreciation has made foreign currency a household survival tool, and $USDT offers a digital bypass.

Why Tether’s $USDT Specifically?

Tether dominates the stablecoin market in Latin America not because of marketing campaigns but because it’s already the preferred dollar substitute in informal economies. In Bolivia, users aren’t trading exotic derivative products; they’re using $USDT on mobile wallets and peer-to-peer platforms to store value and move money. The coin’s liquidity depth and wide exchange support mean a street-level vendor in La Paz can accept a $USDT payment and convert it locally with minimal friction. No central bank digital currency prototype has achieved that kind of organic penetration in the region.

The proposal being studied would elevate $USDT from a parallel tool to a recognized component of the national payments system. That would mean payment processors, utility companies, and possibly tax collection systems could be wired to accept or settle in $USDT. For a government that still struggles to maintain a unified exchange rate and grapples with dollar scarcity, this could stabilize daily commerce. But the legal architecture is untested. Tether is a private issuer domiciled outside Bolivia, and its reserves—while transparent—are not subject to local monetary authority oversight.

While Bolivia’s pivot toward stablecoins remains a domestic experiment, it contrasts sharply with the ongoing regulatory battles in the United States, where banks are fighting to kill a landmark crypto bill just days before a Senate vote. The difference in approaches reveals how advanced economies and developing nations are moving in opposite directions on stablecoin regulation. In Washington, the focus is on containing perceived systemic risk. In La Paz, the calculus is simpler: millions of people are already using $USDT, and the state can either ignore it or build a bridge.

What This Signals for Stablecoin Adoption

The real significance of Bolivia’s $USDT exploration isn’t the $430 million figure—it’s the precedent of a government actively building infrastructure around a private stablecoin instead of fighting it. This hasn’t happened even in El Salvador, where Bitcoin is legal tender but not widely used for daily payments. If Bolivia moves forward, it would create a template for other dollarized economies: integrate what citizens already trust, and accept the trade-offs.

The broader tokenization of real-world assets, now exceeding $20 billion on-chain, has shown that stablecoins like $USDT are foundational to the digital dollar ecosystem. But a national payments integration would move the asset class from a trading settlement layer into the real economy at scale. That brings new questions: what happens during a network congestion event? Who handles dispute resolution? And how does the government enforce anti-money laundering rules when value moves on public blockchains?

These are not insurmountable problems, but they require a regulatory posture that Bolivia hasn’t built yet. The central bank’s initial ban was a blunt instrument; the post-2024 openness has been driven largely by market reality. Now the hard institutional work begins. Treasury officials will need to decide whether $USDT is treated like foreign currency, a payment instrument, or something entirely new. The answer will shape tax treatment, reporting requirements, and consumer protection frameworks—and it could influence how other Latin American regulators approach stablecoin policy in the next cycle.

What remains uncertain is whether Tether itself will need to register locally or provide real-time reserve attestation specific to Bolivia’s requirements. The company has navigated similar demands in other jurisdictions, but a national payments role would expose $USDT’s operational infrastructure to direct government scrutiny in a way that peer-to-peer trading never did. How that negotiation unfolds will tell market participants whether Bolivia’s experiment becomes a model or a cautionary tale.

• Mark Yusko claims that Elon Musk and Mark Cuban hold most of the cryptocurrency’s circulating supply.
• The analysis compares the memecoin’s financial structure with the recent initial public offering (IPO) of the aerospace company SpaceX.
• The report points to a risk of total capitulation in the digital asset’s price if major holders decide to liquidate their positions.

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The popular dog-themed memecoin, Dogecoin, could face a scenario of absolute devaluation if its main commercial driver decides to liquidate his assets in the open market.

Recently, venture capital investor Mark Yusko stated that the asset’s current valuation is not grounded in traditional financial fundamentals. The expert argues that the token’s price is sustained solely by the implicit commitment of its largest holders to retain their positions over the long term.

Supply Concentration and Parallels with SpaceX

The distribution of tokens across the network represents one of the most significant vulnerabilities for the ecosystem. Yusko suggests that Mark Cuban and Elon Musk hold the vast majority of the dog-themed coin’s available supply, complemented by a retail investor base holding the value purely out of speculation. The analyst warns that if Musk were to sell even a single token, the price could immediately plunge to zero.

The dynamic of retaining value in assets with highly concentrated ownership is not unique to cryptocurrencies. According to Yusko’s analysis, the structure of SpaceX’s IPO shares similar characteristics with the behavior of the meme asset, defining both as financial instruments driven by enthusiasm surrounding a public figure. Although the aerospace company operates a real business model through its satellite division, the economist projects that its initial $2 trillion valuation presents complex mathematical inconsistencies.

SpaceX’s offering keeps 96% of its shares locked up between founders and venture funds, releasing only 4% to the secondary market. According to the current trend analyzed by Yusko, this type of low float replicates the historical volatility of Tesla, whose shares experienced a stagnation of over four years after recording negative free cash flows and revenue contractions.

SpaceX’s current operating model indicates that its infrastructure plans for artificial intelligence data centers in outer space lack near-term technical feasibility. From this technical perspective, financial projections place the firm’s cash flows in negative territory for the upcoming fiscal periods. Institutional investors anticipate that the expiration of lockup periods for company insiders will trigger a severe correction in the company’s stock prices.

Strategy has raised $466.7 million through fresh MSTR stock sales while leaving its Bitcoin holdings unchanged at 843,775 $BTC for the week ending July 12.

According to a Form 8-K filed with the U.S. Securities and Exchange Commission (SEC), Michael Saylor-led Strategy sold 4,818,781 Class A MSTR shares between July 6 and July 12 through its at-the-market (ATM) program, generating approximately $466.7 million in net proceeds. Despite the capital raise, the company reported that it did not purchase or sell any Bitcoin during the reporting period.

Strategy has increased its USD Reserve by $450 million. As of 7/12/2026, we hodl ₿843,775 in our $BTC Reserves and $3.0 billion in our USD Reserves. $MSTR $STRC https://t.co/0YQTQd7CXS

— Strategy (@Strategy) July 13, 2026

The filing showed Strategy continued to hold 843,775 $BTC, acquired for about $63.69 billion at an average purchase price of $75,476 per Bitcoin, excluding fees and expenses. Following the latest issuance, the company still has roughly $23.79 billion available under its MSTR ATM stock program.

Strategy keeps Bitcoin holdings unchanged after recent sale

Fresh SEC disclosures also showed Strategy held approximately $3 billion in U.S. dollar reserves as of July 12. According to the filing, the cash is intended to cover preferred stock dividends and interest payments on the company’s debt. The reported balance also includes expected proceeds from ATM share sales that had not settled by the reporting date.

The company further disclosed that it did not repurchase any shares under its existing buyback programs during the same week.

The latest filing follows Strategy’s $216 million Bitcoin sale disclosed the previous week, only the second $BTC sale in the company’s history. At the time, the company said the proceeds would be used to fund dividends tied to its STRC preferred stock and other digital credit securities. After that transaction, Strategy’s Bitcoin balance fell to 843,775 $BTC, where it has remained through the latest reporting period.

Earlier reports also noted that Strategy has authorization to sell up to $1.25 billion worth of Bitcoin under its $BTC Monetization Program, a development that has drawn close attention from market participants even though the company has not announced additional $BTC sales.

Standard Chartered says treasury uncertainty drove recent weakness

Attention around Strategy’s Bitcoin plans increased after Executive Chairman Michael Saylor posted the company’s familiar Bitcoin acquisition chart on July 12 with the message, “Orange dots tell only part of the story.” As crypto.news reported earlier, the post did not confirm whether Strategy had bought, sold, or held Bitcoin during the latest reporting week.

Crypto.news also noted that Strategy’s public Bitcoin tracker continued to show 843,775 $BTC, matching the latest SEC filing. The company typically reports treasury activity through regulatory filings, meaning social media posts do not establish whether a transaction has occurred or indicate its direction.

The latest disclosure comes as Bitcoin has climbed back above $64,000 after Standard Chartered reaffirmed its $100,000 price target for the end of 2026. In a research note, the bank said recent weakness in Bitcoin was driven largely by uncertainty surrounding Strategy’s evolving treasury approach rather than by any deterioration in Bitcoin’s underlying fundamentals.

Standard Chartered added that the recent pullback should not be interpreted as a change to its long-term bullish outlook for the cryptocurrency.

Gondor has introduced a portfolio-backed margin account that allows Polymarket traders to borrow against their entire prediction market holdings instead of individual positions.

According to Gondor’s announcement on Monday, the new product, called V1, uses a cross-margin system that evaluates a trader’s complete Polymarket portfolio as collateral before extending credit. Private access is scheduled to begin next week, while a public launch is planned for September. Gondor also said it does not take custody of user assets.

Introducing Gondor v1, the first margin account for Polymarket

Cross-margin your positions, borrow against the entire portfolio and use the credit to buy more shares

1/ pic.twitter.com/15HB9t7Mdo

— Gondor (@gondorfi) July 13, 2026

The release expands on the company’s original lending strategy announced after its August 2025 angel funding round. As previously reported by crypto.news, Gondor raised capital in a round led by Maven11 Capital, with participation from investors associated with Polymesh, Rhino.fi, Futuur, Salt, and others to develop lending products for Polymarket traders. V1 builds on that effort by replacing position-based borrowing with portfolio-backed credit.

Cross-margin model replaces isolated lending

Before introducing V1, Gondor spent seven months testing its lending system through a closed beta. According to the company, more than 150,000 users joined the waitlist, after which it reviewed applicants’ Polymarket activity and selected 1,000 of the platform’s most active traders to participate.

During the beta, borrowers initially used an isolated lending model that treated each prediction market position separately. Gondor said this approach exposed lenders to binary market risk because a position could rapidly lose nearly all of its value before liquidation became possible.

As a result, the company said lenders had to compensate for that risk by charging higher borrowing costs and imposing tighter conditions. Lending was limited to more liquid markets, borrowing capacity was capped, and some loans had to be closed before the related prediction markets reached resolution.

Gondor added that these safeguards protected lenders but reduced the borrowing experience for traders by limiting available credit and shortening the lifespan of loans.

Portfolio collateral supports larger credit lines

The company said V1 addresses those issues by allowing gains from one position to offset losses in another, similar to how traditional prime brokers extend credit against an investor’s overall portfolio rather than evaluating assets individually.

According to Gondor, this portfolio-based structure makes it possible to provide more borrowing capacity while lowering financing costs. The company also said the system can support a larger variety of prediction markets and lets traders keep positions open until market resolution instead of forcing early loan closures.

Although Gondor outlined how the cross-margin model works, several operating details remain undisclosed ahead of the private rollout. The announcement did not specify borrowing rates, collateral requirements, liquidation thresholds, or which prediction markets will be available when early access begins.

The company has not indicated whether those terms will be finalized before the September public release, but the upcoming private access period is expected to provide the first live test of the portfolio-backed lending model outside its closed beta.

Bitcoin has entered a high-risk week as fresh inflation data and renewed Federal Reserve rate concerns have intensified pressure on crypto markets.

According to Reuters, Federal Reserve Governor Christopher Waller warned that the U.S. central bank could consider raising interest rates if inflation continues to remain above its 2% target, placing investors on alert before this week’s key economic releases.

His comments come as traders prepare for the June Consumer Price Index (CPI) report due on July 14, followed by the Producer Price Index (PPI) data on July 15.

Bitcoin has already reacted to rising macro uncertainty. The cryptocurrency slipped below $62,000 after climbing to around $64,500 earlier, with escalating tensions between the United States and Iran adding another layer of risk to global financial markets.

Higher geopolitical uncertainty has combined with growing expectations of tighter monetary policy to weaken demand for risk assets.

Inflation data could shape Fed expectations

Wall Street economists expect the June CPI report to show monthly inflation easing to 0.2% from 0.5% in May. Annual inflation is projected to slow to 3.8% from 4.2%, offering investors another measure of whether price pressures are cooling.

The inflation figures are likely to influence expectations for future Federal Reserve policy. If consumer prices rise faster than forecast, markets could strengthen their bets that policymakers may keep interest rates higher for longer or even consider another increase.

Attention will then turn to the June PPI report, which measures inflation at the wholesale level. Together, the two reports are expected to provide a clearer picture of inflation trends across the U.S. economy and could influence trading across equities, bonds and digital assets.

Following Waller’s remarks, the CME FedWatch Tool showed that the probability of a September Federal Reserve rate hike climbed to 51.3%. Higher borrowing costs typically reduce appetite for speculative investments, making cryptocurrencies particularly sensitive to changes in monetary policy expectations.

Recent Federal Reserve communications have already pointed to persistent inflation risks. Minutes from the central bank’s latest policy meeting noted that several officials remain concerned about inflationary pressures, including those linked to rising artificial intelligence investment and stronger-than-expected economic activity, keeping markets cautious ahead of this week’s data releases.

Crypto legislation adds another market catalyst

While inflation remains the primary focus, investors are also monitoring developments in Washington as lawmakers prepare for another important week for the CLARITY Act, one of the most closely watched crypto market structure bills.

U.S. President Donald Trump recently urged the Senate to pass the legislation in honor of Senator Lindsey Graham, who died on July 11. The bill is expected to receive renewed attention this week as lawmakers continue discussions over its final form.

The legislation seeks to establish a clearer regulatory framework for digital assets in the United States. Market participants have been watching the proposal closely because it could determine how cryptocurrencies are regulated by federal agencies and influence future institutional participation in the sector.

With inflation reports, Federal Reserve policy expectations, geopolitical tensions, and crypto legislation all converging within days, investors are preparing for another volatile trading week.

Softer-than-expected inflation could ease pressure on risk assets, while stronger readings may reinforce expectations for tighter monetary policy and keep cryptocurrencies under pressure.

L2Beat, an analytics platform that tracks Ethereum layer-2 networks, announced that it has excluded approximately $7 billion worth of non-circulating tokens held in multi-signature wallets controlled by the $RAIN team from Arbitrum’s Total Guaranteed Value (TVS) calculation.

Despite the adjustment, the value of $RAIN tokens within TVS on Arbitrum remains at approximately $2.6 billion. This figure makes $RAIN the largest asset on Arbitrum, surpassing USDC and Ethereum (ETH).

L2Beat researchers described the resulting picture as “clearly illogical,” arguing that they believe the $RAIN token has been “heavily manipulated.” The platform noted that a more comprehensive investigation into the token’s valuation and Arbitrum’s impact on the TVS metric is underway.

The TVS metric is used to measure the total value of assets secured by a blockchain or layer-2 network. However, including tokens that are not in circulation and are held in wallets controlled by the project team can make the network’s true economic size appear higher than it actually is.

Developed on the Arbitrum platform, $RAIN operates as a protocol focused on prediction markets. In May, the project announced a $100 million liquidity commitment, briefly becoming one of the top three prediction market protocols by valuation.

L2Beat’s review raised new questions about $RAIN’s market capitalization, as well as the transparency of the team-controlled token supply and Arbitrum’s impact on TVS data.

Staking has become one of the most popular ways for crypto investors to earn passive rewards while continuing to hold their assets. However, staking opportunities vary widely depending on the platform. Some focus on network security, while others use staking to support ecosystem growth or reduce circulating supply.

MemeToro ($MT) has entered that conversation by introducing a staking model alongside its AI-powered ecosystem. Here’s how it compares with some of the leading staking platforms in 2026.

5 Staking Platforms Investors Are Watching

The staking landscape is much broader than Ethereum alone.

Lido continues leading liquid staking for Ethereum by allowing users to earn rewards while receiving liquid staking tokens that remain usable across decentralized finance applications.

Rocket Pool follows a similar approach but emphasizes decentralization through community-operated validator nodes. It remains popular among Ethereum users who prefer a more distributed staking model.

Binance Earn continues attracting both retail and institutional investors through its simple staking interface. Users can stake supported cryptocurrencies without managing validator infrastructure themselves.

Maxi Doge has taken a different approach. Its presale staking pool currently offers up to 76% APY (which is not trusted yet), with almost 10 billion tokens already locked. The high yield encourages holders to reduce circulating supply before public trading begins.

Finally, MemeToro introduces staking as part of a larger Web3 ecosystem rather than as a standalone yield product.

How MemeToro’s 35% $APR Works

Unlike traditional proof-of-stake networks, MemeToro ($MT) uses staking to encourage long-term participation across its platform.

Eligible holders can lock their $MT tokens into the platform’s staking contracts and earn rewards of up to 35% $APR. The objective is not only to reward long-term holders but also to strengthen ecosystem participation before additional products become available.

The staking model is closely connected to the wider platform.

As prediction markets, AI-powered token launches, and SocialFi products expand, staking becomes one of several ways users interact with the ecosystem rather than the platform’s only utility.

That creates a different experience from networks where staking exists purely to validate blockchain transactions.

MemeToro Tokenomics Support Long-Term Participation

Staking works best when it is supported by balanced tokenomics.

MemeToro ($MT) has a fixed maximum supply of 1.2 billion $MT tokens, with approximately 71% allocated to the public sale. Marketing and partnership allocations remain subject to a 24-month vesting schedule, while the project’s smart contracts have completed an independent Coinsult audit.

The Presale Continues Through Stage 4

Investors interested in staking first need access to the native utility token. MemeToro is currently progressing through Stage 4 of its public presale.

The project has already raised $66,670.37, filling 82.52% of the current $80,785.59 allocation target. The token is currently priced at $0.00171, with the next presale stage increasing automatically to $0.00190.

Early participants can secure their allocation before the scheduled price adjustment while positioning themselves for future staking participation after launch.

Staking Now Means More Than Passive Income

Crypto staking has evolved well beyond simply locking tokens for rewards. Today, investors can choose between liquid staking providers like Lido and Rocket Pool, exchange-based services such as Binance Earn, or ecosystem-driven models offered by projects like Maxi Doge and MemeToro.

Each platform serves a different purpose. MemeToro ($MT) distinguishes itself by making staking one component of a broader AI-powered ecosystem that also includes token launches, prediction markets, and SocialFi tools.

As investors continue comparing passive income opportunities across Web3, staking is increasingly becoming part of a much larger platform experience rather than a standalone feature.

More Information on MemeToro ($MT) Presale Here:

Website: https://memetoro.com/

X: https://x.com/memetoro_mt

Telegram: https://t.me/memetoro_mt