Coinbase Newlimit Triples Valuation to $3.1B
Newlimit, co-founded by Coinbase CEO Brian Armstrong, raised $435M in Series C led by Founders Fund, tripling its valuation to $3.1B. #Update #Biotech
DeFi Faces Hacking Crisis Before Big Bank Adoption
Decentralized finance (DeFi) growth hinges on resolving security issues, particularly hacks, as executives at the Proof of Talk conference highlight ongoing vulnerabilities. #Update #Crypto $BTC $ETH
CLARITY Act Gains Support from National Security Experts
Former national security professionals support the CLARITY Act as it heads to a full Senate vote, emphasizing its role in law enforcement and consumer protection in the crypto space. #Update #Legal $BTC
Stablecoin Risks Deter Lending Confidence
U.S. banking lobbyists, including the American Bankers Association, revealed a survey showing 57% support halting crypto yield on stablecoins, arguing it risks community lending as lawmakers draft the Digital Asset Market Clarity Act. #Update #Crypto $USDC
SEC Unveils Digital Assets Strategic Plan
The U.S. Securities and Exchange Commission (SEC) has released a draft strategic plan focusing on digital assets, aiming to create a regulatory framework and support innovation through 2030. #Update #Crypto
Bitcoin Dips El Salvador Boosts Reserves
El Salvador’s bitcoin reserve nears 7,600 BTC, valued over $510M, despite IMF pressure. President Bukele continues daily purchases amid market dips. #Update #Crypto $BTC
Bitcoin.com Launches Zero-Fee Checkout Service
Bitcoin.com launches Checkout app with zero merchant fees and auto-settlement to stablecoins, enhancing crypto payment flexibility for businesses. #Update #Crypto
XRP Crashes Below Triangle to $1.14
XRP breaks below a Symmetrical Triangle, with analyst Ali Martinez setting a potential target of $1.14; XRP is currently at $1.23, down 8% over the past week.
Stock Market Thrives Amid AI Giants Concerns
@YardeniResearch’s Ed Yardeni downplays concerns that IPOs from SpaceX, Anthropic, and OpenAI will drain stock market liquidity, noting they may raise $200B but will have limited share availability. #Update #Crypto
Crypto Exchanges Targeted as US Treasury Sanctions Iran
The US Treasury has sanctioned four Iranian crypto exchanges, including Nobitex, to disrupt financial networks amid the Iran war, claiming they facilitate state-linked activities. #Breaking #Crypto $BTC
Stablecoins Under Scrutiny as NY Europe Unite
The European Banking Authority and the New York State Department of Financial Services signed a memorandum to oversee cross-border stablecoin activities, enhancing market integrity and supervision. #Update #Crypto $USDT $USDC
Bitcoin Firm Launches First Sale Since 2022
@MicroStrategy sold 32 $BTC for $2.47 million, marking its first sale since December 2022 and a shift in strategy from “never sell” to potential sales for dividends #Update #Crypto $BTC
AI Agents Threaten Big Tech Ad Revenue
@BillionsNetwork CEO Evin McMullen warns that tech giants face an existential crisis as AI agents threaten display ad revenue, with over 51% of online interactions driven by automated bots. #Update #Crypto $BTC $ETH
Ethereum: Orbs V5 Launch Cuts Costs
@OrbsNetwork launches V5 on Ethereum and Arbitrum, enhancing decentralized trading with reduced costs and expanded validator participation. Plans to support more EVM chains soon. #Update #Crypto