According to Cointelegraph, the tokenization of money market funds is emerging as a pivotal strategy to maintain the allure of cash as an asset, particularly as stablecoins gain traction and pose a threat to traditional fund offerings. JPMorgan strategist Teresa Ho highlights recent initiatives by Goldman Sachs and Bank of New York Mellon to tokenize shares of money market funds, suggesting that these services will bolster the competitiveness of these funds while introducing new applications, such as margin collateral. This development coincides with the enactment of the US GENIUS Act, a comprehensive stablecoin bill anticipated to enhance the use of digital dollars by integrating blockchain technology's speed and predictability into the conventional banking system. JPMorgan strategists foresee intensifying competition in this domain. In an interview with Bloomberg, Ho emphasized that the Goldman-BNY tokenization effort demonstrates the potential evolution of money market funds, allowing investors to post money-market shares instead of cash or Treasurys, thereby retaining interest. The banking sector is closely observing the rise of stablecoins amid concerns about their potential to diminish demand for traditional assets. In April, the Treasury Borrowing Advisory Committee cautioned that stablecoins might reduce banks' demand for Treasury bonds, potentially impacting credit growth. Money market funds, which invest in short-term debt securities like Treasury bills, could be directly affected. Prior to the GENIUS Act's passage, money market expert and Crane Data President Peter Crane remarked that the sector was monitoring the stablecoin market for its potential impact on Treasury market liquidity, although he believed such concerns were likely exaggerated unless the stablecoin market expands significantly. Despite stablecoins posing a challenge to money market funds, the GENIUS Act could ultimately benefit both sectors by creating more pathways to the tokenization market, according to Aptos Labs' Solomon Tesfaye. Michael Sonnenshein, president of tokenization firm Securitize, expressed to The Wall Street Journal that the GENIUS Act will encourage more companies to embrace tokenization without fearing regulatory repercussions. He noted that asset issuers hesitant to fully engage with tokenized securities now have additional support. The tokenization of real-world assets (RWA), particularly private credit and US Treasury bonds, has emerged as one of blockchain's most significant use cases this year. Excluding stablecoins, tokenized RWAs have grown into a $25 billion market across 256 issuers, according to industry data. Tesfaye envisions a future where RWAs expand into more complex asset classes, such as derivatives, intellectual property, or esoteric asset classes.

XRP price fell by 10% as whales sold and wider market liquidations spread to the altcoin. source: https://cointelegraph.com/news/xrp-s-bull-run-might-have-ended-at-dollar3-65-here-s-what-must-happen-to-save-it?utm_source=rss_feed&utm_medium=rss%3F&utm_campaign=rss_partner_inbound

Goldman Sachs and BNY Mellon’s tokenization push aims to keep money market funds competitive as the US accelerates stablecoin adoption, according to a JPMorgan strategist. source: https://cointelegraph.com/news/tokenized-money-market-funds-vs-stablecoins-jpmorgan?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Ethereum (CRYPTO: ETH) has surged over 52% in the past month, but some analysts expect a short-term correction before the next leg up. source: https://www.benzinga.com/crypto/cryptocurrency/25/07/46639403/ethereum-surges-52-in-july-but-is-the-rally-over-now?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

Former President Donald Trump has stated that a trade agreement between the United States and China has been successfully established, while he characterized the negotiations for a trade deal with the European Union as being evenly balanced, with a 50-50 chance of reaching a final agreement. source: https://blocknews.com/trump-says-us-china-deal-is-in-place-eu-deal-at-50‑50/

Friday News potpourri: Here’s what’s shaping up across Bitcoin, Ethereum and beyond. source: https://blockworks.co/news/zk-breakthroughs-onchain-comebacks-stablecoin-shakeups

Solana-based memecoin Bonk Inu (BONK) tanked by 11% over a volatile 24-hour trading period, erasing earlier gains triggered by a major token burn announcement. The token’s price dropped from an intraday high of $0. 00003185 and $0. 00003763, ending the week trading in the red. BONK’s value had gone up against the backdrop of its team’s announcement […] source: https://www.cryptopolitan.com/bonk-tanks-11-amid-exchange-transfers/

Large holders quietly accumulate Ethereum since early 2025, which has helped fuel a price rebound amidst improving social sentiment. source: https://cryptopotato.com/ethereums-rebound-isnt-hype-on-chain-signals-point-to-a-bigger-rally-ahead/

Known as NDAChain, the platform will be run by the Ministry of Public Security and was developed by the National […] The post Vietnam Unveils State Blockchain to Safeguard National Data appeared first on Coindoo. source: https://coindoo.com/vietnam-unveils-state-blockchain-to-safeguard-national-data/

Former President Donald Trump has stated that Jerome Powell, the current Chair of the Federal Reserve, is now prepared to implement a reduction in interest rates. This article will explore the factors and developments that have contributed to this apparent shift in Powell's stance on monetary policy. source: https://blocknews.com/trump-says-jerome-powell-is-ready-to-lower-interest-rates-here-is-what-changed/

Finnish authorities have confiscated over $2.6 million in luxury watches from Hex founder Richard Heart, who is facing allegations of tax evasion and assault. As officials intensify their search, Heart’s whereabouts remain unknown.