BTC has gained at least 20% in July in each of the past three years. Depending on its price heading into the expiry, bitcoin could rally additionally or retreat. Author: James Rubin

The first $15 million will be drawn shortly after closing the deal, while another $15 million is conditional on closing a merger with peer USBTC. Author: Eliza Gkritsi

Open interest on bitcoin futures have surged to the highest levels in a year. Author: Shaurya Malwa

ALSO: Ripple Asia’s policy lead praises Japan’s crypto laws that favor consumer protection. Rahul Advani said that the country has created “a very clear taxonomy for digital assets.” Author: Sam Reynolds

The U.S. Commodity Futures Trading Commission began a formal review and public comment period to evaluate prediction market Kalshi’s proposed contracts to bet on who will control Congress. Author: Nikhilesh De