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Archive · July 13, 2025

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The Lead

Story 01

Bitcoin Soars to Record High Amid Crypto Legislation Optimism

Bitcoin has surged to a new all-time high of $118,872.85, fueled by anticipation of favorable crypto legislation and increased corporate adoption. This 10% weekly gain underscores growing investor confidence and could signal a broader acceptance of cryptocurrencies in mainstream finance.

Also Worth Knowing
02

Visa, Mastercard Spearhead Shift to Digital Federal Payments

In response to a White House executive order, major payment networks and fintech firms are pushing to replace paper checks with digital disbursements for federal payments. This initiative aims to boost transaction efficiency and security, marking a significant modernization of government financial processes.

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03

Australia Embarks on Groundbreaking CBDC and Token Trials

Australia is initiating trials for tokenised asset settlements and a central bank digital currency (CBDC) through Project Acacia. With 14 participants, this project seeks to explore how digital currencies can enhance transaction efficiency and security, potentially reshaping financial landscapes.

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04

Wise Fined $4.2 Million for Anti-Money Laundering Shortfalls

Wise has been hit with a $4.2 million fine by US state regulators for deficiencies in its anti-money laundering controls. This penalty highlights the intensifying regulatory expectations on fintechs to maintain robust compliance systems, impacting operational and reputational risks.

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05

Crypto Firms Seek Banking Integration in US Amid Regulatory Optimism

Crypto companies are aggressively pursuing integration into the US banking system, spurred by anticipated regulatory easing under the Trump administration. This move aims to enhance the legitimacy and influence of cryptocurrencies within conventional banking, signaling a potential shift in financial industry dynamics.

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The Long Memory
Did you know that the first Bitcoin transaction was for two pizzas in 2010, costing 10,000 Bitcoins, which would be worth over a billion dollars today?

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