Coinbase Ventures Boosts Ethena to $1B
Coinbase Ventures acquires ENA to expand Ethena products to over 100M users, enhancing USDe and ENA adoption; new digital savings initiative launches next week. #Update #Crypto $ENA
Bitcoin Crashes as Economist Declares Failure
Economist Alex Krüger claims crypto has failed as an asset class, despite rising blockchain adoption in stablecoins and tokenization. #Update #Crypto
USDC Stolen Funds Unblocked After Freezing
@Circle faces backlash as over $230M in stolen $USDC flowed through its bridge during the Drift Protocol exploit, raising questions about inconsistent asset freezes. #Breaking #Crypto $USDC (-8) ↘
CLARITY Act Vote Timing Revealed by Lummis
Sen. Cynthia Lummis indicates the CLARITY Act vote may occur before the August recess, as Senate leaders finalize details and seek necessary support. #Update #Crypto $BTC
Ethereum and Solana Boost JPMorgan’s Cash Strategy
@JPMorgan filed for the JPMorgan OnChain Liquidity-Token Money Market Fund (JLTXX) on May 12, targeting a $1.00 NAV, using $ETH for fund shares and exploring reserve operations on $SOL. #Update #Crypto $USDC
Crypto Fraud: Coinbase Freezes $3M Assets
@Coinbase has frozen $3M linked to Southeast Asia crypto fraud networks as authorities globally intensify efforts against scam infrastructure, involving the US, UAE, China, Austria, and Albania. #Update #Crypto
George Santos Bets on State of Union
George Santos allegedly profited tens of thousands by betting against his State of the Union attendance, prompting DOJ and CFTC investigations. #Breaking #Legal
XRP Powers Banking Growth Surge
Evernorth reports XRP Ledger transactions have tripled to nearly 3M daily, driven by financial institutions like Braza Bank using $XRP for real banking activities. #Update #Crypto $XRP
Bitcoin Holders Stress as $60K Battle
Bitcoin holders face stress as $BTC hovers around $60K, a critical battleground for the cryptocurrency market. #Update #Crypto $BTC
CFTC Abolishes No-Deny Settlement Policy
The US Commodity Futures Trading Commission has rescinded its ‘no-deny’ policy for settlements, enhancing flexibility in enforcement actions. This change aligns with similar moves by the SEC. #Update #Legal $BTC
HYPE Surges as Price Holds $70
HYPE trades above $70 amid market pressure, with @GalaxyDigital and wallet 0x6436 withdrawing over $40M in tokens from exchanges, signaling institutional accumulation.
SEC Challenges Blockchain Oversight Push
SEC Commissioner Hester Peirce questions broad blockchain oversight, suggesting focus on custody and control rather than infrastructure. This could impact DeFi and centralized platforms. #Update #Crypto
Ripple Expands RLUSD in $200B Turkey Market
Ripple launches its USD-backed stablecoin RLUSD in Turkey via Bilira, Bitexen, and Bitlo, enhancing institutional access to digital dollars for payments and liquidity. #Update #Crypto $XRP
Bitcoin Crashes $1.2B Liquidated at $62.5K
Bitcoin and Ethereum face $1.12B in liquidations, with $949M from longs, as $BTC tests $62.5K support amid selloff. #Update #Crypto $BTC