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The negotiation to get a crypto market structure bill through its next stages in the Senate have hovered over an almost-there status for weeks, and Republican lawmakers met on Thursday to figure out how to bridge the final gaps.The White House was expected to get some updated legislative language on Thursday, reflecting the ongoing work on the Digital Asset Market Clarity Act, according to people familiar with the situation. But the talks are still going, and even if the previously uncertain senators (such as Republican Thom Tillis) become satisfied with the bill’s stablecoin yield treatment, other distinct compromises (such as…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Solana is now in the spotlight once again as the leading altcoin gains more regulatory standing following its latest classification in the United States legal framework. In a world hampered by strident regulation and strict rules, Solana is emerging as one of the most trustworthy assets in the broader financial sector. Solana Gains Commodity Status In Latest Filing In a joint move, the US regulatory bodies have issued new regulations on how federal securities laws apply to cryptocurrencies and digital assets. According to the recent joint filing…
Rising layoffs across crypto signal a shift toward AI-driven operations and leaner, more efficient business models.Crypto.com has announced another round of layoffs as it shifts its focus toward artificial intelligence. The exchange plans to reduce its workforce by about 12%, affecting roughly 180 employees. CEO Kris Marszalek said the move aligns with a broader industry push toward AI-driven operations. Crypto.com Trims Staff as Leadership Prioritizes AI and Operational EfficiencyIn a recent X post, Crypto.com Co-founder and CEO Kris Marszalek said the company will reduce its workforce by about 12%. Based on a staff count of over 1,500, this affects roughly 180…
For more than a decade, American investors and innovators have operated under a cloud of uncertainty about when crypto assets implicate the federal securities laws. Markets function best when everybody understands the rules. Yet, for too long, financial regulators have responded to good-faith regulatory inquiries with silence, raised barriers to entry, and ad-hoc enforcement actions that only deepened the industry’s confusion.The Securities and Exchange Commission is taking an important step to reverse that prior approach.The Commission has released a landmark interpretation that finally provides clear guidelines. We establish a straightforward taxonomy of crypto assets — most of which are not…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure After intensive talks aimed at resolving one of the CLARITY Act’s thorniest provisions, stablecoin rewards, Republican senators emerged from a closed-door meeting Thursday with cautious optimism about the stalled crypto market-structure bill. The gathering, which drew pro-crypto Senator Cynthia Lummis and other Republican members, produced comments suggesting negotiators may finally be finding a workable path forward on stablecoin yield and related digital-asset language. ‘Light Bulbs Switched On’ Reporting from Washington by Eleanor Terrett captured the tone in the room. Lummis told colleagues she experienced a change in…
Four linked wallets have bought 86,268 ETH for $187.31M USDT since March 10, after selling 53,799 ETH at higher prices last year.Four connected crypto wallets bought more than 86,000 ETH since March 10. The total value of these transactions is about 187.31 million USDT. The scale and timing of the activity have drawn attention from blockchain tracking platforms.Coordinated ETH purchases across walletsOn-chain data shows the wallets acquired 86,268 ETH at an average price of 2,171 USDT. The transactions were executed over multiple days, and they followed a consistent pace. Each wallet carried out purchases within close time ranges.The buying activity…
Gauntlet, one of decentralized finance’s (DeFi) leading providers for risk management tools, has seen its total value locked (TVL), a measure of the assets deposited across its vaults, fall sharply over the past seven days, dropping 22.84% to $1.325 billion.That has erased roughly $380 million in dollar-denominated value from a week-ago peak of approximately $1.72 billion, according to DeFiLlama data. The decline accelerated Thursday with a single-day slide of 7.57%.The primary driver, according to Gauntlet, was the conclusion of OKX’s pre-deposit campaign on the DeFi-focused blockchain, Katana. Pre-deposit campaigns — where users are incentivized to park capital ahead of a…
Hashi launches on the Sui blockchain to bring Bitcoin lending, yield, and DeFi services with support from BitGo, Bullish, and FalconX institutions.A new finance protocol called Hashi plans to bring Bitcoin into decentralized finance. The project is being built on the Sui blockchain. Developers say that the idea is to allow Bitcoin holders to earn yield. Several large crypto institutions have already promised early participation.Hashi Plans to Unlock Bitcoin Lending and Yield MarketsHashi will enable people to lend, borrow, and earn rewards with Bitcoin. The team said the value of Bitcoin has a market value of more than $1 trillion.…
Wall Street financial services firm Cantor is among investment banks that are pitching cryptocurrency trading platform FalconX for its potential IPO, according to two people with knowledge of the matter.The company has held preliminary talks with possible advisors, but FalconX has not yet formally appointed bankers for its initial public offering, the people said, who spoke on condition of anonymity as the matter is private. FalconX declined to comment. Cantor did not respond to a request for comment by publication time.Investment banks often pitch companies for an IPO by presenting themselves as the best partner to take the business public,…
Arthur Hayes, co-founder of BitMEX, has reiterated his $250,000 year-end price target for Bitcoin. With Bitcoin trading around $70,100, that target would imply roughly 256.5% upside from current levels and a clean break above its previous peak at $126,000 from October 2025. Reiterating Bullish Predictions Arthur Hayes is one of the most outspoken bullish proponents for Bitcoin. He has, on multiple occasions, pointed to Bitcoin breaking above $200,000 among his long-term bullish expectations for the asset. That earlier stance has now been reaffirmed in a recent YouTube interview. Related Reading Given how Bitcoin’s price action has unfolded since those earlier…