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
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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’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
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 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
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
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
@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 acquired 1,382,000 shares of @MicroStrategy (MSTR) for $172.5M, now valued at $241M, yielding an unrealized gain of $69M. #Update #Crypto $MSTR
@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
Stablecoin yield offerings would be banned under the proposed Digital Asset Market Clarity Act, allowing only activity-based rewards; negotiations continue ahead of a Senate Banking Committee hearing. #Update #Crypto $USDC
The Ethereum Foundation sold 10,000 $ETH to BitMine for approximately $22.9 million, part of its treasury strategy to fund operations and research. #Update #Crypto $ETH
Tether reports $1.04 billion Q1 profit and record $8.23 billion in excess reserves, with USDT liabilities stable at $183 billion amid rising global demand for stablecoins. #Update #Crypto $USDT
@ArkInvest predicts $BTC market cap will reach $16 trillion by 2030, driven by institutional adoption, with price potential exceeding $730,000. Current market cap is $1.5 trillion. #Update #Crypto $BTC
Bitcoin rose to $77,400 as major tech earnings boosted market sentiment, despite ongoing short-term pressures and $400M in ETF outflows. Key resistance remains at $80,000. #Update #Crypto $BTC