A Turning Point in Crypto History?

Signed. Sealed. Crypto’d.

Welcome back to PayFi Weekly by Transak

This week, the lines between Big Tech, TradFi, and crypto just got blurrier. From Uber exploring Bitcoin payments to Trump’s game-changing stablecoin law, everyone’s making bold moves.

Dive into this week’s headlines shaping the new financial order. ⬇️

💰 Stablecoin Snapshot

The GENIUS Act, signed into law by President Donald Trump on July 18, 2025, has unleashed a wave of excitement about stablecoins as the future of global payments.

For those not following the headlines 👉 The GENIUS Act establishes the first comprehensive U.S. federal framework for stablecoins, mandating 1:1 reserve backing, robust AML compliance, and monthly transparency reports. This regulatory clarity is a game-changer, enabling institutions to integrate stablecoins into payment systems, slashing costs and settlement times. The milestone drew bipartisan support and triggered a surge in crypto markets, with Bitcoin briefly topping $123K. Read more

⚖️ Regulation

🇹🇭 Thailand’s SEC is reviewing ICO regulations to simplify investor testing, allowing one-time knowledge exams instead of quarterly retakes, alongside mandatory biennial suitability assessments for all token investors. Discover more

🇬🇧 The UK government is reportedly considering selling £7 billion worth of seized Bitcoin to help fill budget gaps, marking possibly the largest such crypto auction to date. See the coverage

🏦 Wall Street banks are preparing to defend stablecoins as major crypto legislation advances, positioning stablecoins as a key competitor to traditional financial rails. Explore more

🌍 Adoption

📈 Block to Join S&P 500. Jack Dorsey’s Block, holding 8,600+ BTC, is joining the S&P 500 on July 23, marking a major win for crypto-aligned fintech. Discover details

🚕 Uber is exploring Bitcoin and stablecoin payments for rides and even salaries as it looks to cut cross-border costs. Discover the update

🇨🇳 Conflux has introduced AxCNH, an offshore yuan-pegged stablecoin for Belt and Road Initiative countries, built in partnership with AnchorX and Eastcompeace, aiming to cut cross-border transaction costs and boost financial inclusion. Read more

🛠 Tech & Partnerships

🔵 Coinbase is launching the “Base App,” a stablecoin-powered super-app that integrates wallet, trading, payments, messaging, social features, and mini‑apps on its Base blockchain, marking a big push into mainstream consumer fintech. The app is designed to offer a seamless crypto experience beyond trading. Read more

🟢 KuCoin introduces “xStocks,” enabling tokenized access to global equities directly on its crypto platform, bridging traditional and digital finance worlds. Explore xStocks

✈️ Emirates Airline plans to start accepting crypto payments via Crypto.com Pay by 2026, following a recent MoU. The initiative reflects Emirates’ strategy to modernize and cater to digitally savvy travelers. Learn more

🌍 Everything Else

🗞️ Bloomberg opinion argues that Bitcoin treasury companies are capitalizing on a “$2 for $1” valuation dynamic, where markets value crypto-enabled firms at premiums. This phenomenon illustrates growing investor appetite for public entities holding digital assets. Explore the analysis

🔏 A man attempted a world record by tattooing the word “PUMP” on himself 700 times (a playful nod to crypto “pump” culture). The stunt highlights how deeply crypto slang has permeated pop culture. Read the fun story

💹 Global crypto market cap has surpassed $4 trillion, driven by waves of positive legislation and institutional inflows signaling renewed growth and market optimism. See full analysis

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