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@DefendDevelopersPAC, a new hybrid political action committee, aims to raise six figures to support pro-crypto incumbents in key midterm races, focusing on legal protections for developers. #Update #Crypto
The U.S. Senate Banking Committee advanced the Digital Asset Market CLARITY Act, aiming to clarify digital asset regulations, amid banking lobby pushback against consumer rewards, impacting 68.5M crypto users. #Update #Crypto $BTC
The Digital Asset Market Clarity Act has been formally submitted to the Senate, but time is limited with eight weeks until summer recess and competing legislative priorities. #Update #Crypto $BTC
@ZodiaCustody CEO Julian Sawyer emphasized that every bank will need to hold digital assets as Standard Chartered’s acquisition progresses, merging its custody operations with Zodia by August. #Update #Crypto $BTC $ETH
Bitwise’s report estimates bitcoin’s fair value at $224,000 as a hedge against G20 sovereign defaults, citing rising bond yields and potential monetary policy shifts. Bitcoin trades near $66,300. #Update #Crypto $BTC
A physical bitcoin from the 2011-2013 @Casascius mint was redeemed, transferring 25 BTC worth $1.78 million to a new wallet, impacting its collectible status. #Update #Crypto $BTC
@IREN_Ltd shares rose over 4% pre-market after announcing an 800MW data center in South Australia, expected to create 500+ jobs by 2028. #Update #Crypto $IREN
@Payward will enable Kraken users to buy into U.S. IPOs via tokenized shares, allowing access at IPO prices. First offerings expected soon as demand for high-profile IPOs grows. #Update #Crypto $BTC
@MicroStrategy’s recent sale of $BTC impacted market sentiment, but Citi views it as part of a tax strategy, noting negative ETF flows and diminishing chances for U.S. crypto legislation. #Update #Crypto $BTC
The CoinDesk 20 Index is at 1862.4, down 0.6%. Leaders include $NEAR (+15.1%) and $XLM (+5.7%), while $BCH (-10.7%) and $BNB (-3.4%) lead the decline. #Update #Crypto $BCH
Crypto-backed super PACs achieved a clean sweep in recent primaries, with all 11 candidates supported by Fairshake affiliates winning their races, emphasizing a strategy focused on Democratic alliances. #Update #Crypto $BTC
@Grayscale launched the lowest-fee U.S. Hyperliquid ETP, aiming for staking rewards of 2.2% annually, as interest in decentralized finance grows. #Update #Crypto $HYPE
Bitcoin ($BTC) is trading near $66,000, at a historical low per the Power Law model, indicating potential for a rebound despite previous market stress events. #Update #Crypto $BTC
@Stripe, @Visa, and @Mastercard are reportedly launching a new stablecoin platform, with @Coinbase exploring participation. The stablecoin market cap is approximately $325 billion. #Update #Crypto $USDC
