The article’s headline suggests the Reserve Bank of India (RBI) may be preparing a major crypto regulatory move that could function as a de facto ban. It does not provide a specific policy text or an effective date, but argues the step could “change Bitcoin forever” by targeting fiat on-ramps, exchange operations, or the legality of holding. India is described as one of the world’s top five crypto trading markets, with 2025 on-chain inflows at about 12% of the global total and local compliant exchanges averaging more than $800 million in daily trading volume. If the RBI adopts an upgraded version of its 2018 restriction on banking services, the report says it would directly hit BTC circulation and price formation in India.

The EU’s Markets in Crypto-Assets (MiCA) framework took full effect on July 1, 2026, and the European Commission began work on a MiCA 2.0 revision just seven days later. The article frames the move as a response to the US “GENIUS Act,” which it says introduced a lighter regulatory framework and intensified competition to attract crypto businesses. It adds that Ripple holds Luxembourg CASP authorization covering all 30 EEA countries and a US trust bank charter, while providing no specific details on business progress, client signings, or inflow data.

Bitcoin has rebounded to around $63,000 after dipping near the $60,000 level, supported by spot BTC ETF inflows and short-covering. U.S. spot BTC ETFs recorded inflows of $224 million and $143 million on two separate days, snapping a six-day run of outflows. The CLARITY Act advanced in the Senate Banking Committee by a 15–9 vote but has yet to reach a full Senate vote, leaving its final passage dependent on political coordination. JPMorgan CEO Jamie Dimon has voiced strong concerns about parts of the bill, while the crypto industry has reportedly spent $189 million on lobbying ahead of the 2026 midterm elections.

Sen. Ron Wyden is pressing Senate leaders to keep the core provisions of the Blockchain Regulatory Clarity Act (BRCA) intact within the CLARITY Act. The aim is to exempt noncustodial software developers from being treated as money services businesses (MSBs) solely for publishing software, while preserving enforcement authority to pursue actual wrongdoing. The development is seen as relevant to U.S.-linked digital-asset projects such as XRP, XLM and HBAR that emphasize compliance-oriented payments and enterprise use cases, though no effective date or vote timing was provided.

Xora Finance says it is the first bank built on top of the XRP Ledger (XRPL). The project promotes “new utility” for $XRP through products such as collateral, lending, and yield generation. It also claims users can earn $100 per day in passive income with $150,000.

The Central Bank of Bahrain has officially recognized XRP as Shariah-compliant, marking the first time a major public-blockchain token has received explicit certification from the country’s central bank. Separately, BXE, a media-infrastructure token built on the XRP Ledger, said it will begin trading on MEXC on July 17 with a total supply of 490M tokens. The XRP recognition is described as a regional regulatory milestone rather than a global policy shift, but one with potential demonstration effects. BXE is a newly issued token and is not listed on major platforms such as BingX, with no current trading-depth or market-cap data to support independent market impact.

AlloX is an AI-driven on-chain portfolio tool running on BNB Chain that lets users build diversified portfolios across AI, DeFi, Gaming and RWA in one click and have them executed automatically. The product has recorded 42,280+ active users, 319,970+ transactions and +7.32% growth in 24 hours. Users can fund with BNB, USDT or USDC while maintaining full self-custody. It is positioned as a boost to BNB Chain’s DeFi infrastructure and expands on-chain use cases for the network’s native token and major stablecoins.

Russia has officially approved XRP, Solana (SOL) and Tron (TRX) for listing on the Moscow Exchange as part of its crypto testing program. The announcement did not specify a launch date, trading pairs such as RUB/XRP, regulatory framework details, or whether it has central bank backing. It also did not clarify whether access will be open to retail users or limited to institutions. XRP was the only asset in the report explicitly noted as being listed on BingX.