Stablecoin Yield Compromise Faces Major Pushback
The CLARITY Act faces pushback from banks over stablecoin yield provisions, causing friction with lawmakers; optimism remains for a Senate markup next week. #Update #Crypto $USDC
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XRP Allegations Spark Ripple CTO’s Response
Ripple CTO Emeritus David Schwartz addressed criticisms regarding XRP sales, emphasizing regulatory barriers to equity access and dismissing profit claims. He revealed previously holding 26 million XRP. #Update #Crypto $XRP
Bitcoin Profits Soar $5.1B as MSTR Gains
Michael Saylor announced @MicroStrategy’s year-to-date Bitcoin gains of $5.1 billion, holding 818,334 BTC valued at $66.7 billion, while MSTR stock rose 1.01% to $185.65. #Update #Crypto $MSTR
Crypto Bill Expected to Launch by July 4
U.S. Senator Bernie Moreno expects the CLARITY Act to reach the Senate soon, potentially signed into law by July 4, amid rising support and political urgency. #Update #Crypto
Securitize Launches US Tokenized Equities on Solana
@Securitize, @JumpTrading, and @JupiterExchange partner to launch regulated onchain equity trading for U.S. tokenized equities on Solana, enhancing liquidity and compliance. $SOL price rises 1.31% to $85.19. #Update #Crypto $SOL
Stablecoin Yield Compromise Achieved by Senators
US Senators Thom Tillis and Angela Alsobrooks finalize a stablecoin yield compromise in the CLARITY Act, countering bank pushback. The Senate Banking Committee may hold a markup soon. $USDC #Update #Crypto
XRP Joins Fight Against North Korean Hackers
In major XRP news, @Ripple is sharing AI-powered North Korean threat intelligence via Crypto ISAC, enhancing real-time security measures against crypto hacks, crucial for protecting assets like $XRP. #Update #Crypto $XRP
Ethereum Treasury Gains 101745 ETH Boost
BMNR stock is up 3% as @Bitmine adds 101,745 $ETH to its treasury, now holding 5.18M $ETH worth $12.06B and staked 4.36M $ETH for $297M annual revenue. #Update #Crypto $ETH
CLARITY Act Markup Accelerates Amid Senate Battle
The urgency to advance the CLARITY Act markup grows as Senate leadership faces potential changes, impacting crypto regulation; approval odds rise to 63-69% amid stablecoin yield discussions. #Update #Crypto $USDC
Bitcoin Critic Demands Proof-of-Reserves Strategy
@MicroStrategy faces scrutiny as critic “Pledditor” calls for proof-of-reserve disclosures after the firm paused BTC purchases, holding over 818,000 BTC at an average price of $75,537. #Update #Crypto $BTC
SEC Delays Polymarket Kalshi ETF Approval
The U.S. SEC has delayed the launch of prediction market ETFs linked to @Kalshi and @Polymarket, seeking more information on their mechanics and risk disclosures. The delay is likely temporary. #Update #Crypto
Bitcoin and Dogecoin Surge Amid Market Rally
Bitcoin surged to $80,596, rising nearly 3% amid strong ETF inflows and short liquidations across multiple assets, while the Crypto Fear & Greed Index reached neutral as the CLARITY Act gains traction. #Update #Crypto $BTC
XRP Ex-CTO Adds Trust Line to Meme Coin
David Schwartz, former CTO of Ripple, clarified that the XRP Ledger’s theoretical 1,500 TPS speed is not indicative of its current performance and warned against spamming for higher throughput. #Update #Crypto $XRP
Kraken Launches US Crypto Derivatives Market
@Payward has acquired @Bitnomial, enabling Kraken to offer regulated derivatives on $BTC, $ETH, and more. The deal valued at up to $550M enhances Payward’s U.S. derivatives licenses. #Update #Crypto $BTC