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Tether Gold Wins Shariah Approval, Expanding Access To Islamic Finance

Tether Gold has received Shariah certification, giving Islamic banks, institutions, and investors a compliant way to access physical gold through blockchain technology. Amanah Advisors, led by Mufti Faraz Adam, reviewed the product and approved its structure under Islamic finance rules. The certification covers real asset ownership, clear gold backing, reserve transparency, and the absence of interest-based features. Each XAU₮ token represents ownership of physical gold stored in secure Swiss vaults and issued by TG Commodities, S.A. de C.V. Tether Gold Shariah Certification Supports Wider Access Tether Gold does not rely on riba, leverage, or speculative derivatives, according to the company. This structure allows users to hold tokenized gold while keeping direct exposure to allocated bullion. https://x.com/circle/status/2081714971939926460 The approval may support adoption among Islamic banks, takaful providers, halal savings platforms, and trade finance firms. These institutions oft...
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Bitmine Adds to Ether Holdings as ETH Beats Bitcoin Performance

Bitmine Immersion Technologies reported that it added nearly 10,000 Ether (ETH) over the past week, lifting its total ETH holdings to 5.79 million. The company disclosed the purchases in an update released Monday, with Ether now forming a substantial part of its overall treasury. According to Bitmine, it holds 5.79 million ETH, representing about 4.8% of Ether’s total supply. Roughly 4.9 million ETH—about 85% of its position—is staked via the company’s validator operations, and Bitmine projected annualized staking rewards of around $299 million once all of its Ether is deployed across its staking infrastructure and partner validators. The company also said its total crypto assets, cash, and marketable securities total $11.8 billion as of July 26. Key takeaways Bitmine Immersion Technologies increased its Ether holdings by nearly 10,000 ETH to 5.79 million. About 85% of Bitmine’s Ether position is staked through its validator operations. Bitmine projects annualized staking rewards...
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Tether’s XAUT Receives Shariah Certification for Islamic Investing

Tether’s gold-backed token XAUt has secured Shariah certification from Amanah Advisors, positioning the product for wider use among Islamic financial institutions and investors seeking Shariah-compliant exposure to physical bullion. The move focuses on whether the token’s underlying design aligns with Islamic finance principles, particularly around how value is held and whether income-generation features introduce interest-related concerns. According to Tether, the certification concluded that XAUt’s structure complies with key Shariah requirements, including full backing by physical gold, the absence of interest and leverage, and transparent reserves. Tether says each XAUt token corresponds to one troy ounce of physical gold held in Swiss vaults. Key takeaways XAUt received Shariah certification from Amanah Advisors, strengthening its suitability for Islamic financial institutions and investors. Tether says the token is fully backed by physical gold, with reserves designed to be t...
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Tether’s XAUt Gold Token Gets Shariah Certification for Wider Access

Tether’s gold-backed token XAUt has secured Shariah certification from Amanah Advisors, a development that Tether says could make its tokenized gold product more accessible to Islamic financial institutions and investors seeking Shariah-compliant exposure to physical gold. According to Tether, the certification concludes that XAUt’s design aligns with core Islamic finance requirements: the token is fully backed by physical gold, it does not involve interest-based mechanics, avoids leverage, and maintains transparent reserves disclosures. Tether states that each XAUt token corresponds to one troy ounce of physical gold held in Swiss vaults. Key takeaways XAUt has received Shariah certification from Amanah Advisors, positioning it for wider use by Shariah-focused institutions. Tether says the token is fully backed by one troy ounce of physical gold per XAUt, stored in Swiss vaults. The company highlights compliance features commonly required in Islamic finance, including no interes...
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Strategy Raises Cash Reserve to $3.75B and Starts STRC Stock Buyback

Strategy expanded its cash reserve to a record $3.75 billion after selling additional MSTR shares last week. The company also completed its first STRC preferred stock buyback under its repurchase program. Meanwhile, Strategy kept its Bitcoin holdings unchanged as MSTR shares gained during premarket trading and Bitcoin remained above $65,000. Strategy Expands Cash Reserve and Completes First STRC Buyback Strategy increased its USD reserve by $525 million after raising about $544.5 million through MSTR stock sales. The latest filing with the U.S. Securities and Exchange Commission confirmed the updated reserve position. As a result, the company now holds $3.75 billion in cash reserves. The larger reserve gives Strategy about 2.1 years of dividend coverage under current estimates. At the same time, the company executed its first STRC preferred stock repurchase. Strategy bought back 288,930 STRC preferred shares for approximately $25 million. The repurchase formed part of the Digital Credi...
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Bitcoin Weekly: Why the Rate Path Still Splits Investor Bets

Bitcoin is heading into the final stretch of July under the pressure of shifting US macro expectations, with traders focused on two near-term catalysts: the Federal Reserve’s latest policy decision and new inflation data that could influence rate expectations. At the same time, market participants are watching whether the usual ties between crypto and traditional risk assets are returning or fading—an issue that has become more relevant as equities show signs of wobbling. With US bond yields elevated and oil reacting to geopolitical developments, the next few days could determine whether Bitcoin’s relatively tight trading behavior turns into a decisive breakout—or a renewed pullback. On-chain signals add another layer: CryptoQuant reports that BTC whale inflows to Binance have cooled materially since mid-June. Key takeaways FedWatch data from CME Group assigns a roughly one-in-three chance of a July hike, while pointing to higher odds for September. Markets will get a fresh read on...
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Bitcoin Holds Near $66K as Stocks Rally After Iran-Strike Pause

Bitcoin moved higher at the start of the week’s first Wall Street session, testing fresh local highs as broader markets opened in positive territory. The latest push came alongside reports of a pause in US–Iran tensions and renewed efforts connected to the Strait of Hormuz—an outcome that traders viewed as a near-term reduction in geopolitical risk. According to TradingView data cited in market coverage, BTC/USD spiked toward the $66,000 area as risk assets gained traction. At the time of writing, US equity benchmarks such as the S&P 500 and Nasdaq Composite were up by roughly 0.3%, while WTI crude oil dipped before a modest rebound, reflecting a less volatile energy backdrop than earlier in the month. Key takeaways Bitcoin pushed toward new local highs near $66,000 after a reported easing in US–Iran strike activity. Iranian and Omani discussions tied to maritime traffic via the Strait of Hormuz supported sentiment, with oil moving less sharply. BTC held two key short-to-medi...
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