ETHUSD Forms Double Bottom at $1500, Signaling Potential Bullish Reversal 
Norway Offshore Oil Workers Reach Wage Deal, Averting Strike 
FxWirePro- Major Crypto levels and bias summary 
Open-Source AI Models Gain Ground as Enterprises Seek Lower-Cost Alternatives, Citi Says 
Michael Burry Shorts Tesla at $416 as AI and Semiconductor Bearish Bets Expand 
Nike Q4 Earnings Beat Estimates as Wholesale Growth Offsets Direct Sales Weakness 
Anthropic Brings Claude AI Models to Microsoft Azure Foundry With NVIDIA Blackwell GPUs 
ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says 
SoftBank Shares Slide as OpenAI IPO Delay Concerns Weigh on AI Investment Outlook 
Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027 
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism 
Sodexo Raises 2026 Revenue Outlook After Strong Q3 Sales Beat 
EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report 
On July 19, a US court granted Binance permission to invest customer funds in US Treasury Bills. This decision allows Binance to explore new investment avenues, potentially benefiting its customers by leveraging a third-party investment manager.
US Court Grants Binance Approval to Invest Customer Funds in US Treasury Bills
A United States court granted Binance significant opportunity permission to invest customer funds in US Treasury Bills on July 19. According to Cointelegraph, this decision not only presents Binance with new opportunities but also has the potential to benefit its customers.
Per the order issued by the United States District Court for the District of Columbia, Binance will be permitted to invest "certain" customer funds through a third-party investment manager if the funds are not reinvested in the company or any related entities.
The court order also mandated that Binance include information regarding the expenses associated with the custodianship of US treasury investments in its monthly report delineating its business operations and costs.
The potential role of cryptocurrency in supporting the ailing US dollar in the face of de-dollarization efforts by the BRICS nations is foreshadowed by the court approval that allows Binance to invest customer funds in US Treasury Bills.
More specifically, collateralized stablecoins have been proposed to extend the US dollar's dominance by decades by purchasing and holding US debt instruments. This would offset significant inflation induced by years of reckless fiscal policy, poor monetary policy, and quantitive easing.
One such example is the Tether stablecoin. In 2023, Tether's holdings of $72.5 billion in US Treasuries were comparable to those of particular developing nation-states. The company emphasizes over-collateralizing its dollar-pegged stablecoin as a precaution against a significant collapse.
Paul Ryan Highlights Stablecoins' Role in Supporting US Dollar Amid Debt Crisis, Despite Criticism
Paul Ryan, the former Speaker of the House of Representatives, also discussed the potential of stablecoins to alleviate the debt crisis and maintain the US dollar's competitiveness in global trade markets.
Ryan emphasized the substantial demand that dollar-pegged stablecoins generate for the US dollar and US debt instruments, which serve as the foundation for the value of the fiat-equivalent tokens.
Alex Gladstein, the Human Rights Foundation's chief strategy officer, is among those who maintain that dollar-pegged stablecoins merely perpetuate the dysfunctional fiat-centric system that decentralized digital currencies were intended to replace.
