A Bitcoin reserve bill to codify Trump’s executive order gained a Nashville champion. Summary Rep. Matt Van Epps framed the American Reserve Modernization Act as an extension of Nashville’s growing Bitcoin ecosystem. ARMA would lock federally held Bitcoin for a minimum of 20 years and authorize Treasury to acquire up to 1 million BTC over
Kalshi and Polymarket lost bids to block gambling cases in Nevada and Washington. Summary A Ninth Circuit panel denied emergency motions from both platforms to halt state-level gambling enforcement actions. The judges ruled that federal derivatives oversight does not automatically shield prediction markets from state gaming laws. The decision deepens a growing legal split over
The Securities and Exchange Commission has pumped the brakes on its highly anticipated “innovation exemption” for tokenized stocks, pushing back the release of the framework as it weighs input from traditional stock exchanges and other market participants wary of the plan’s sweeping implications, according to Bloomberg reporting. The SEC, under Chair Paul Atkins, was preparing
Jeremy Sturdivant, the 19 year old who received 10,000 Bitcoin for two pizzas in May 2010, spent almost all of it long before BTC crossed even $1, let alone today’s five figure levels. Summary In 2010, 10,000 BTC was worth about $40 to $41 and bought two Papa Johns pizzas for Laszlo Hanyecz in Jacksonville.
BTC is under pressure. After repeated rejections from the $80K to $83K region, price has now broken lower and is testing below $78K, right around the monthly open. At the same time, institutional demand is weakening, ETF flows have flipped negative, and macro conditions are shifting risk-off. When structure starts to shift, professional traders no
Federal Reserve Governor Christopher Waller warned that stubborn inflation and surging energy costs now outweigh labor market risks, signaling that rate hikes are “back on the table” and jolting expectations that had been primed for cuts a few months ago. Summary Waller said US CPI hit 3.8% in April with energy prices up 17.9% as
In XRP news today, total Ripple ETF holdings just crossed $1.15Bn, and that headline number is only half the story. On the same day Whale Insider reported $8.88M in fresh XRP inflows, pushing ETP assets to that milestone, institutional custodian Copper announced it was adding support for Ripple’s RLUSD stablecoin to its platform. The more
Harbor Capital is trying to slice the AI boom into lab-branded trades, filing for a suite of active “Lab ETFs” tied to Anthropic, DeepMind, Meta, OpenAI and xAI ecosystems. Summary Harbor capital’s proposed Lab ETFs would each focus on companies tied to a single AI lab, from Anthropic to OpenAI and xAI SpaceXAI The funds
Latest developments: Emmer joined CoinDesk’s The Policy Protocol and said the Senate’s bipartisan movement on the Clarity Act shows crypto legislation still has momentum despite growing uncertainty in Washington. Emmer pointed to the Senate Banking Committee’s 15-9 vote advancing the bill, arguing support extended beyond Republicans. He said the House has spent years refining crypto
Mario Nawfal’s viral interview casts Patrick Gruhn as one of the few FTX insiders who not only survived but materially profited from the wreckage. Summary Gruhn sold his firm to FTX for about $400 million and later repurchased FTX Europe’s assets for roughly $32.7 million after bankruptcy His new platform UpsideOnly executes trades with company
