Revolut Hits $115B Valuation in Employee Share Sale | CoinDesk Daily

Uyen Truong (0:00)

Revolut just became Europe's most valuable private company, and the crypto market structure bill is inching toward a vote. This is CoinDesk Daily.

Lower rates, protected Bitcoin. Ledin's lowest loan rates ever. Check yours at ledin.io. Senator Cynthia Lummis released an updated draft of the Clarity Act, saying the bill is finally getting closer to passage. But the ethics section is still unresolved. A group of seven Senate Democrats said the bill still falls short on ethics, consumer protection and illicit finance. It needs 60 votes to advance and the Senate leaves a recess on August 7th. Crypto-friendly digital bank Revolut has been valued at $115 billion in a secondary share sale. That's a 53% jump in under a year, making Revolut the most valuable private company in Europe. Revolut's app lets users trade more than 200 tokens, and the firm has floated a valuation as high as $200 billion in a future IPO.

RealFi, a smarter stablecoin backed by real world assets. Visit realfi.co. And Polymarket is challenging France's decision to block its entire website, taking the fight to courts. Earlier this week, France's National Gambling Authority ordered internet providers to block the platform, citing potential losses and market manipulation risks. Polymarket calls the order disproportionate, arguing it targets users who visit only for information. Get more updates on coindesk.com. Follow JPEG Trading on X for insights on crypto markets, liquidity and DeFi.