Bernstein Circle analysts said the CLARITY Act yield compromise blocks rival stablecoin issuers from competing on rates Summary Bernstein said the CLARITY Act language structurally favors Circle by banning deposit-like yield on passive stablecoin balances. Total dollar-backed stablecoin supply surpassed $300 billion this week, with USDC and USDT controlling roughly 97% of the market. The
The White House says it has achieved a legal and custody “breakthrough” for the US Strategic Bitcoin Reserve, finally giving Washington a compliant way to safeguard billions in seized BTC. Summary White House Digital Assets Executive Director Patrick Witt confirmed legal and custody frameworks for the Strategic Bitcoin Reserve are now in place The announcement
Justin Sun moved 41.99m Spark worth $1.23m from Spark to HTX, adding to roughly 610m SPK in exchange-bound flows since 2025 and renewing sell-pressure and governance worries. Summary Justin Sun moved 41.99 million SPK, worth about $1.23 million, from Spark to HTX in his latest suspected token sale after a two‑week pause. On-chain data indicate
Chamath Palihapitiya says consulting giants are helping OpenAI and Anthropic build the firms that may replace them. Summary Chamath Palihapitiya says consulting giants like PwC and Accenture are endangering their own businesses by directly embedding OpenAI or Anthropic tools without maintaining control over token generation. OpenAI launched the OpenAI Deployment Company with over $4 billion
Monero price continued sliding this week after losing a major ascending trendline support, increasing the risk of a deeper correction toward the $350 region as bearish momentum strengthens. Summary Monero price fell below a key ascending trendline support near $390, increasing the risk of a deeper correction toward the $350 region. Bearish momentum strengthened after
Capital B has expanded its bitcoin treasury after deploying newly raised capital into the purchase of 192 BTC worth €13 million ($15.1 million). Summary Capital B purchased 192 BTC for €13 million after completing three capital raises worth about €17.15 million. The France based company now holds 3,135 BTC acquired at an average purchase price
A co-founder of the Forsage crypto investment platform has pleaded not guilty in a U.S. federal court after being extradited from Thailand in a case tied to an alleged $340 million Ponzi scheme. Summary Forsage co-founder Olena Oblamska has pleaded not guilty in a U.S. federal court after being extradited from Thailand. U.S. prosecutors alleged
Aave has restored borrowing against wrapped Ether across affected markets as the decentralized lending protocol continues recovering from the fallout tied to Kelp DAO’s April exploit. Summary Aave has restored wrapped Ether borrowing across affected markets as recovery efforts tied to the Kelp DAO exploit continue. Court approved transfers involving 30,765 ETH remain tied to
Jump Crypto’s Firedancer has entered production on Solana mainnet and is now producing blocks, according to a CoinDesk report. Summary Firedancer has started producing Solana mainnet blocks after years of development by Jump Crypto engineers. Jump Crypto says validators should not switch at scale before full security audits are completed. The rollout adds client diversity
Iran has responded to a U.S. list of conditions for a possible peace deal, according to reports shared by The Kobeissi Letter. Summary Bitcoin stayed near $78,000 as traders weighed Iran’s counterconditions and wider Middle East war risk. Crypto.news data showed Bitcoin up slightly daily, but still lower across the past week overall. Iran’s demands
