Banks Dominate 70% Preference Over Crypto
Americans overwhelmingly trust banks over crypto for financial access, with 65% favoring banks and only 5% supporting crypto, according to a recent CoinDesk survey. #Update #Crypto
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Crypto Trust Plummets Amid Trump Administration Oversight
62% of U.S. voters distrust President Trump’s oversight of the crypto industry, with 73% opposing personal business ties among officials. Trump’s approval rating is at 40%. #Update #Crypto $BTC
Bithumb Wins Legal Battle as Suspension Lifted
A South Korean court lifted @Bithumb’s six-month suspension, initially imposed for anti-money laundering violations, but the status of a $24.6M fine remains unclear. #Update #Legal $BTC
Bitcoin Ticks Higher but Traders Stay Short
Bitcoin $BTC rose 1.25% to $77,250 after finding support at $75,000; negative funding rates indicate bearish sentiment. Liquidations totaled $149 million, led by BTC and ETH. #Update #Crypto $BTC
Crypto Exchange Bitbank Stake Boosts SBI Holdings
@SBIHoldings plans to acquire a stake in Bitbank, aiming to strengthen its crypto position ahead of regulatory changes in Japan. The move follows SBI’s previous acquisitions and partnerships. #Update #Crypto $XRP
Crypto Industry Backs CLARITY Act Compromise
Crypto trade groups support the CLARITY Act’s stablecoin yield compromise, urging Senate Banking for markup as firms adapt rewards programs to comply with new regulations. #Update #Crypto $USDC
Brazil Bans Stablecoin Use in Payments
Brazil’s central bank bans electronic foreign exchange providers from using stablecoins and cryptocurrencies for overseas remittances, effective October 1, impacting firms like @Wise and @Nomad. #Update #Crypto $USDT $BTC
DeFi Exposed After $292M Crypto Hack
The $292M exploit of Kelp DAO highlights vulnerabilities in DeFi, prompting calls for stricter security measures and institutional-grade standards as TradFi firms continue to explore onchain markets. #Update #Crypto $ETH
Prediction Markets Evolve Beyond Casino Image
Prediction markets are evolving from sporadic bets to daily engagement, with Polymarket’s trading volume hitting $25.7B in March; retail users favor smaller, frequent trades. #Update #Crypto $BTC $ETH
Bittensor TAO Surges 5.5% Leading Index Higher
The CoinDesk 20 Index is at 2090.4, up 1.3% since Thursday, led by $TAO (+5.5%) and $BTC (+1.9%), while $ICP (-0.7%) and $DOT (-0.4%) lag behind. #Update #Crypto $TAO
Bitcoin Proposal Enables Satoshi Control Without Transactions
New proposal introduces Provable Address-Control Timestamps (PACTs) to protect dormant $BTC from quantum threats without moving coins, requiring future STARK verification for implementation. #Update #Crypto $BTC
AI Agent Launches Crypto Trading Company
@ClawBank’s Manfred AI agent autonomously formed a company, obtaining an EIN and an FDIC-insured bank account. It can transact with 30+ cryptocurrencies, signaling a significant milestone in AI capabilities. #Update #Crypto
AIMCo Buys Dip with $69 Million Gain
@AIMCo acquired 1,382,000 shares of @MicroStrategy (MSTR) for $172.5M, now valued at $241M, yielding an unrealized gain of $69M. #Update #Crypto $MSTR
Bitcoin Shares Surge 8% After AMD Deal
@RiotPlatforms shares rose 8% after @AdvancedMicroDevices expanded its data center capacity to 50 MW, potentially generating $636M over 10 years. Bitcoin mining revenue fell to $111.9M. #Update #Crypto $RIOT