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@Coinbase’s Paul Grewal reported progress in White House talks on U.S. digital assets legislation, but no deal on stablecoin yield rewards; bankers remain firm against compromises. #Update #Crypto $USDC
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, calls cryptocurrencies “utterly useless” and dismisses stablecoins as “buzzword salad,” questioning their real-world utility. #Update #Crypto $BTC
The U.S. Senate faces a critical decision on digital asset market structure legislation, balancing banks’ interests against crypto innovation; failure to act risks regulatory chaos and economic stagnation. #Update #Crypto $USDC
Bitcoin ($BTC) and ether ($ETH) rose 0.9% to $67,000 and $1,970, respectively, while the altcoin market struggles; 97 of the top 100 cryptocurrencies are in red. #Update #Crypto $BTC $ETH
@Ledn has raised $188M through the first-ever asset-backed securities deal backed by bitcoin collateral, secured by over 5,400 loans at an average interest rate of 11.8%. #Update #Crypto $BTC
@OpenAI launches EVMbench, a testing framework for assessing AI’s ability to secure smart contracts on Ethereum, addressing vulnerabilities in $100B+ crypto assets. #Update #Crypto $ETH
WLFI surged 10% after a $3.5 trillion asset servicer announced it would test its USD1 stablecoin for tokenized funds, outperforming $BTC and $ETH, which fell 0.5%. #Update #Crypto $WLFI
@KresusLabs has secured $13 million from Hanwha Investment & Securities to enhance its digital wallet infrastructure and tokenization platforms, highlighting institutional interest in crypto security solutions. #Update #Crypto $BTC $ETH
@Coinbase CEO Brian Armstrong states banking trade groups are stalling crypto legislation negotiations, viewing crypto as a threat. Upcoming meeting scheduled for Thursday. #Update #Crypto $BTC $ETH
Bitcoin ($BTC) dropped to $66,200, down 2.5% in 24 hours, as U.S. stocks faltered after hawkish Fed minutes hinted at possible rate hikes. #Update #Crypto $BTC
@Zora moves to $SOL, launching “attention markets” for trading tokens linked to internet trends. Initial activity shows limited liquidity. #Update #Crypto $SOL
@Hyperliquid has launched a U.S. lobbying group, the Hyperliquid Policy Center, with $29 million in HYPE tokens to influence DeFi regulation amid ongoing legislative discussions. #Update #Crypto $HYPE
Over half of U.S. crypto investors fear IRS penalties as new reporting rules take effect, requiring exchanges like @Coinbase to disclose transaction data, complicating tax compliance. #Update #Crypto $BTC $ETH
Investment manager @BrevanHoward’s cryptocurrency fund lost 29.5% last year, underperforming $BTC, which fell 6%. This marks its worst performance since inception in 2021. #Update #Crypto $BTC
