Pricing houses in bitcoin exposes dollar's loss of value
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Your day-ahead look for July 9, 2026
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Grayscale CFO Edward McGee Departs After Seven Years at Firm
Edward McGee has stepped down as Chief Financial Officer of Grayscale, the prominent crypto asset manager. He served in the role for seven years before his departure. His exit follows that of John Hoffman, the firm's distribution chief, who recently left to join blockchain firm Ondo Finance. The two high-profile departures occurred within weeks of each other, marking a notable period of leadership change at Grayscale.
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Coinbase CLO Paul Grewal Exits After SEC Legal Battle Concludes
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Arbitrum token surges 19% as Robinhood's new blockchain drives $568M in trading
Arbitrum's native token jumped 19% following a surge in on-chain trading activity linked to Robinhood's newly launched blockchain. The brokerage's chain recorded approximately $568 million in trading volume, driven largely by memecoin activity. Revenue generated from this trading has been flowing back into the broader Arbitrum ecosystem, boosting its metrics. Robinhood's blockchain is built on Arbitrum's technology, meaning increased usage directly benefits the network. The strong early performance signals a fast start for Robinhood's foray into on-chain trading infrastructure.
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New Crypto Clarity Act Draft Expected Next Week Amid Push for July Vote
A revised draft of the crypto market structure bill known as the Clarity Act could be released as early as next week, according to sources familiar with the matter. The development marks a renewed push for legislative action after a prolonged period without significant progress on the bill. Lawmakers are reportedly targeting a late-July timeline to advance the legislation. However, the draft still lacks bipartisan support, raising questions about its prospects for passage.
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