Mercurity Fintech to raise $800M for Bitcoin treasury, eyes 7,400 BTC

Big companies are pouring nearly $1 billion into XRP—a cryptocurrency often used for fast cross-border payments—as part of their corporate treasury strategies. This isn’t just a few early adopters anymore; it’s a trend picking up steam, with firms like Singapore’s Trident Digital leading the charge. Essentially, businesses are betting that blockchain-based assets like XRP will play a bigger role in how they manage money.

Editor’s Note: When corporations start parking serious cash in crypto, it’s a sign they’re moving beyond hype and seeing real utility. XRP’s use case for quick, low-cost international transfers makes it a practical choice—so this isn’t just speculative frenzy. If more companies follow suit, it could further legitimize crypto in traditional finance and maybe even nudge regulators to clarify rules faster. For everyday investors? It’s a signal that big players are doubling down on blockchain’s potential.

Cardano is thinking about shaking things up by moving $100 million worth of its ADA cryptocurrency from its treasury to boost its struggling decentralized finance (DeFi) and stablecoin projects. Founder Charles Hoskinson floated the idea of using some of that money to invest in stablecoins and even Bitcoin, aiming to give Cardano’s ecosystem a much-needed jolt.

Editor’s Note: Cardano’s DeFi scene hasn’t kept pace with rivals like Ethereum or Solana, and this move could be a way to catch up—or at least try something bold. If they pull it off, it might lure developers and users back to the platform. But shifting treasury funds is risky, and critics might see it as a desperate play. Either way, it’s a sign Cardano’s feeling the pressure to step up its game.

Big-name retailers like Amazon, Walmart, and Expedia are reportedly exploring the idea of launching their own stablecoins—digital currencies pegged to traditional money—to avoid hefty credit and debit card processing fees. If they move forward, this could shake up how payments work, giving these companies more control over transactions and potentially speeding up cash flow.

Editor’s Note: Credit card fees eat into profits, and retailers have grumbled about them for years. Stablecoins could be a workaround, cutting out middlemen and making transactions cheaper and faster. If giants like Amazon jump in, it could push crypto further into the mainstream—not as a speculative asset, but as a practical tool for everyday commerce. That’s a big deal for both retail and finance.

The SEC is backing off from 14 proposed regulations, including several that would have tightened oversight on the crypto industry. This move, announced on June 12, signals a clear shift in the agency’s approach—stepping away from the stricter policies pushed under Gary Gensler’s leadership. It’s a win for crypto advocates who argued those rules were overreach, but critics worry it leaves the industry with less clarity.

Editor’s Note: This isn’t just bureaucratic shuffling—it’s a big deal for crypto businesses and investors. The SEC’s retreat suggests a more hands-off stance (for now), which could mean fewer legal headaches for the industry. But without clear rules, the long-term uncertainty isn’t going away. Whether you cheer or boo this move likely depends on how much trust you have in crypto to police itself.

Crypto prices are taking a hit today, and there are a few key reasons behind the drop. First, investors are spooked by the lack of progress in US-China trade talks—when those two economic giants stall, markets tend to get jittery. On top of that, a wave of forced sell-offs (called "long liquidations") is adding pressure, and the overall technical outlook for crypto looks shaky right now.