Was this newsletter forwarded to you? Sign up here

🏛️💼 GENIUS Act Sparks Stablecoin Surge: Outpacing Visa's Dominance!

Hello there you embodiment of curiosity;

Welcome to today’s edition of Osiris News. There is a feeling in the air of two different worlds operating on the same planet. In one, people fret over jobs reports and tariffs, the familiar anxieties of an old economy. In the other, a new financial infrastructure is being laid with the quiet, inexorable force of a glacier carving a new valley. The noise from the old world is loud, but the work in the new one is permanent.

The trading screens feel like a barometer that refuses to settle, cursor needles swing between relief and worry, then sit at uneasy calm. Yesterday’s Congressional ink dried on the GENIUS Act, and within hours the on-chain stablecoins it blesses moved more value than Visa’s entire July haul. How does a promised dollar, freshly audited, start elbowing plastic cards out of the checkout line so fast? That is the thread we tug on today.

Consider the market’s central tension. At one end, Bitcoin keeps flirting with the $100 K ledge; at the other, regulators just handed banks the clearest script yet for minting digital dollars. The hunger for clarity, not calories, is the mood. Keep that in mind as we skim the surface numbers before diving deeper.

🔍 Quick Overview

• Stablecoin Clarity: The GENIUS Act now backs stablecoins with the Treasury, turning them into official digital dollars and sending transaction volumes soaring.

• Ethereum's Ascent: Ethereum is outperforming Bitcoin, and the SEC just gave liquid staking tokens a clear "not a security" stamp, opening the floodgates for institutional cash.

• Bitcoin's Big Test: Bitcoin is playing a high-stakes game around $100K, but Wall Street's still piling into ETFs, proving the big money isn't going anywhere.

• Dollar's Decline: The U.S. dollar is quietly losing its grip, caught in a "No-Math Zone" of soaring debt and shrinking foreign interest, leaving savers in a tough spot.

• Security Shivers: Crypto hacks surged to $142 million, with attackers finding Web3's "soft underbelly" in off-chain systems, a stark reminder that even digital fortresses have weak spots.

Trending News

🏛️🚀 SEC's Pro-Crypto Shift Spurs $1T Finance "Super-Apps"

The SEC's "Project Crypto" initiative aims to update U.S. securities rules, envisioning all assets on blockchain networks and financial "super-apps." This signals a significant shift towards embracing digital assets and blockchain technology. This initiative could reshape financial markets and position the U.S. as a leader in digital finance.

🏛️🚀 SEC Clarifies Liquid Staking Tokens Not Securities, Boosts ETH ETF Hopes

The SEC clarified that certain liquid staking activities and Staking Receipt Tokens are not securities, removing registration requirements. This guidance, part of "Project Crypto," could be the final step for spot Ethereum ETF approvals. The decision reduces regulatory uncertainty for the $67 billion DeFi sector and may attract more institutional capital.

💰🚀 Lynq Crypto Network Launches With Institutional Backing

Lynq, a new digital asset settlement network, launched with institutional clients including StoneX and GSR, offering real-time crypto trade settlement. The platform addresses the need for efficient settlement after recent banking crises. This network aims to reduce counterparty risk and increase capital efficiency for market makers.

🚀 Corporate Bitcoin Treasuries Swell by 166,000 BTC in July

Corporate entities and Wall Street investors acquired over 166,000 Bitcoin in July, pushing total tracked holdings to 3.64 million BTC. Public and private companies accounted for two-thirds of these new acquisitions. This trend signals a growing institutional embrace of digital assets and drives significant capital into the crypto market.

This tiny pause brought to you by “please let this help pay the bills” 👀

Beyond the Noise

The first, and most important, story is that the GENIUS Act is now the law of the land. This is not just another piece of regulation. It is a formal invitation from the United States government for stablecoins to become the dollar’s digital twin. The rules are clear: 1-to-1 backing with U.S. Treasuries, fully audited, on demand. In July, before the ink was even dry, stablecoin transaction volume surged to a record $1.5 trillion, blowing past Visa’s volume for the same period. This is the sound of the regulatory dam bursting. As one analyst put it, “Uncle Sam just weaponized USDC-on-steroids.” The total circulation of these digital dollars has now swelled to over $266 billion, a staggering increase from just a few years ago.

This clarity has sent a jolt through the corporate world. The theory is already becoming practice. Major financial institutions like JPMorgan, Deutsche Bank, and Bank of America are no longer experimenting; they are actively integrating these new rails. PayPal’s PYUSD just processed its first real-world business payment to the accounting giant Ernst & Young, a small transaction that signals a massive shift. And in the clearest sign of commitment, the payments firm Stripe acquired stablecoin infrastructure company Bridge for $1.1 billion. This is not a company buying a feature. This is a titan of finance buying a piece of the future.

This future will run largely on Ethereum. The network has been the quiet winner all spring, with the ETH/BTC ratio climbing roughly 75% since April. The fuel for this fire is twofold. First, the money: spot ETH ETFs recorded their strongest month ever in July, with $5.4 billion in net inflows. Corporate treasuries, like that of SharpLink Gaming, which recently added $304 million in ETH, are following suit. But the more profound catalyst was a quiet clarification from the SEC. As part of Chair Paul Atkins’ “Project Crypto,” the commission stated that liquid staking tokens (LSTs) are receipts, not securities. This is a monumental decision for the $67 billion DeFi category, effectively green-lighting a core component of the on-chain economy and paving the way for staking to be included in ETFs. The network is feeling the pull, with monthly active addresses and transaction counts hitting all-time highs.

Meanwhile, Bitcoin is at a crossroads. The price is testing the crucial $100K level, a line in the sand fortified by the 200-day EMA and a significant bid wall from ETF whales. The market is split. Polymarket traders, spooked by macro fears, see a 55% chance of BTC dipping below $100K before the year is out. Yet the institutional appetite is voracious. BlackRock’s IBIT ETF amassed $70 billion in assets in just 341 days. The Michigan State Pension Fund just tripled its Bitcoin ETF exposure. MicroStrategy, now rebranded simply as “Strategy,” has hoarded over 600,000 BTC, about 3% of the total supply. And entire nations, like Brazil and Indonesia, are now seriously discussing adding Bitcoin to their national reserves. The network itself has never been stronger, with the Hash Rate hitting a new all-time high. It is a standoff between a nervous macro story and a structural, institutional bid of unprecedented scale.

The nervousness is understandable. If you zoom out from crypto, the economic picture is grim. The U.S. government is rolling over $9 trillion in debt this year, with annual deficits approaching $2.5 trillion. The national debt is a runaway train nearing $40 trillion, and for the first time ever, interest payments have surpassed military spending. This is what some call the “No-Math Zone,” an environment where the numbers simply do not add up without the printing press. The latest jobs report was recessionary-soft, printing at 73K versus a 110K estimate. And to top it all off, a new 69-nation surcharge tariff is set to hit this quarter. It’s not that prices are high. It’s that the dollar is low. Each of these headlines punishes savers and pushes smart money into real assets.

But for all the institutional gloss and regulatory clarity, a deep-seated problem festers in the less-policed corners of DeFi: a misalignment of incentives. Look at a project like pump.fun. Its token holders supplied most of the capital for a protocol that now sits on a cash pile estimated at $2 billion, yet they have no legal claim to any of it. The founders own the cash; the token holders own a speculative asset with no rights. It is a structure so misaligned it feels predatory. This is the quiet moral lens on the story: token holders in many projects have neither law nor precedent to rely on, a stark contrast to the protections afforded to equity investors.

And the risks are not just philosophical. They are brutally practical. In July alone, hackers made off with $142 million, a sharp reminder that this is still a dangerous frontier. The attack vectors are shifting. As one security report noted, “off-chain infra is the new piñata.” North Korean hackers are posing as developers to infiltrate cloud systems. FinCEN is issuing fresh warnings about Bitcoin ATM fraud. And sometimes the danger is self-inflicted, like the unlucky trader who lost $3.6 million in a botched meme coin snipe. The new financial system is being built at a furious pace, but the construction sites are still filled with hazards.

This Caught My Eye:

Here’s a breakdown of the chart:

• Corporate treasuries are accelerating ETH accumulation, with holdings jumping sharply in the last two months.

• The buying surge suggests urgency, likely as firms aim to secure positions before Ethereum breaks past the $5K threshold.
  

Looking Ahead

The market is caught in a powerful rip current. One current is pulling it toward a future of regulated, institutional, on-chain finance. This is the force of the GENIUS Act, of $70 billion in a single Bitcoin ETF, of major banks building on Ethereum. This force is structural, deliberate, and likely irreversible. It is the slow, powerful process of pouring a new foundation for the global financial system.

But another current is pulling it back toward the anxieties of the old world. This is the force of a $40 trillion national debt, of sputtering job growth, of rising trade tensions. This is the world of fear, of risk-off sentiment, of a flight to the perceived safety of a debasing dollar. The question for the rest of this year is which current will prove stronger. Will the immense structural bid from institutions be enough to absorb the shocks from a fragile macro-economy? Or will the gravity of the old world’s problems be too much for this new one to bear? We are watching more than a market. We are watching a changing of the guard, and it is happening whether we are ready or not.

Until tomorrow,
- Dr.P