Bitcoin Loses Clarity Gains Amid Macro Rout
Bitcoin retraced gains from the Clarity Act as stocks, gold, and crypto fell on Friday, with crude oil surpassing $100 amid reassessed Fed rate hike expectations. #Update #Crypto $BTC
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DeFi Faces $293 Million KelpDAO Hack Crisis
The $293 million KelpDAO hack highlights the growing complexity in DeFi, signaling a shift from merely addressing coding bugs to tackling broader security challenges. #Breaking #Crypto $ETH
Solana Infrastructure Launches with Firedancer Initiative
@JumpCrypto’s Firedancer is progressing with its Solana infrastructure rollout, focusing on a gradual implementation strategy according to the lead engineer in a recent CoinDesk interview. #Update #Crypto $SOL
Crypto Users Chase 200% Yields Risking Billions
Crypto users are prioritizing high yields over protection, resulting in significant risks as DeFi insurance protocols falter amid evolving hacks. #Update #DeFi $BTC $ETH
XRP Surges as CLARITY Act Advances
$XRP surged 5% after a Senate committee advanced the market-structure bill, raising hopes for legal clarity to attract institutional investment. #Update #Crypto $XRP
Bitcoin Slides to $78K as Longs Lose $500M
A liquidation cascade led to $500 million in losses for crypto longs as $BTC slid to $78,000, with $SOL and $XRP down 5% amid a global bond selloff. #Update #Crypto $BTC
Crypto Bill Clears Key Hurdle Amid Ethics Debate
The Clarity Act has passed the Senate Banking Committee with bipartisan support, paving the way for a full Senate vote in the coming weeks. #Update #Crypto
Bitcoin Dispute: Bhutan Denies $1 Billion Sale
Over $1 billion in bitcoin has exited wallets linked to Bhutan in the past year, yet the country claims it has not sold any. #Update #Crypto $BTC
CME ICE Urge Regulators to Investigate Hyperliquid
CME Group and ICE have alerted the CFTC and U.S. officials about potential market manipulation and sanctions evasion risks posed by Hyperliquid’s decentralized perpetual futures platform. #Update #Crypto
CFTC Urged to Fill Vacancies by Lawmakers
U.S. House lawmakers urge former President Trump to appoint bipartisan leadership for the Commodity Futures Trading Commission as it increases oversight of U.S. crypto trading. #Update #Legal
SpaceX Launches June 11 IPO Pricing
@SpaceX targets June 11 for IPO pricing on Nasdaq, following a swift SEC review. Trading could commence as early as June 12. #Update #Crypto $DOGE
Chainlink Gains $4 Billion as Lombard Exits
@Lombard exits LayerZero as $292M is drained from Kelp DAO, leading to a $4B asset shift to Chainlink’s bridge amid rising security concerns. #Update #Crypto $LINK
Iran War Triggers Market Volatility Surge
The ongoing conflict in Iran has highlighted new financial infrastructures, revealing unexpected market resilience and adaptability according to Huang. #Update #Crypto
Bitcoin Launches $1.5 Billion Bond Repurchase Strategy
@MicroStrategy plans to repurchase $1.5 billion of its 2029 convertible bonds, aiming to retire half using cash or $BTC sales as part of its liability restructuring strategy. #Update #Crypto $BTC