Senate Republicans push finance watchdogs to clarify crypto capital rules
In recent developments, senator Cynthia Lummis has led a group of lawmakers urging financial regulators for “fair capital treatment for on-balance sheet treatment of digital assets.” Looking closer, market participants…
ZEC drops 30% as Shielded Labs reveals more about infinite counterfeit bug
In recent developments, zEC market capitalization fell by almost $3 billion over the past 24 hours following the disclosure of a critical vulnerability, despite it being patched already. Looking closer,…
Anthropic says self-improving AI may be closer than expected
In recent developments, companies have been developing AI very quickly to stay ahead of the market, but Favaro and Clark argue that a slowdown would allow more time to deal…
Strategy’s leveraged Bitcoin model has faced its first stress test: Grayscale
In recent developments, “Less Bitcoin on levered DAT balance sheets and more on diversified corporate balance sheets will be a positive,” said Grayscale’s head of research, Zach Pandl. Looking closer,…
Crypto billionaires bankroll Nigel Farage’s pro-crypto party
In recent developments, tether-linked billionaire Christopher Harborne and BitMEX co-founder Ben Delo donated $9.4 million to Nigel Farage’s Reform UK in the first quarter. Looking closer, market participants highlight key…
Orbs Rolls out V5 on Ethereum and Arbitrum, Cutting Costs Across 10+ Chains
In recent developments, layer 3 blockchain infrastructure Orbs has launched its V5 product upgrade on Ethereum and Arbitrum to improve cross-chain verification, lower infrastructure costs, and increase validator participation. Milestone…
Bitcoin Falls to $65,710 as Record ETF Outflows and Strategy Sale Rattle Market
In recent developments, bitcoin fell under $66,000 on June 3, albeit briefly, as record exchange-traded fund outflows and a rare sale by Strategy deepened a selloff that has wiped out…
US Treasury issues sanctions on Iran, targets 4 crypto exchanges
In recent developments, the sanctions come four days after Treasury Secretary Scott Bessent said the US had seized nearly $1 billion in crypto from Iranian crypto exchanges and wallets since…
Bitcoin falls below $66K as US and Iran launch new strikes
In recent developments, bitcoin saw its largest daily drop since early February on Tuesday as the cryptocurrency shed more than $4,500 in a single day. Looking closer, market participants highlight…
New York and Europe’s finance watchdogs team up to police stablecoins
In recent developments, some of the information that New York and the European Union’s watchdogs will share includes the issued stablecoin, total volume in circulation and the number of holders.…
Ethereum faces core development funding crisis, former contributor warns
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