Crypto Rules Shift to Regulators After Clarity Act Stalls
After the Clarity Act failed in the U.S. Senate, the SEC, CFTC, and Federal Reserve moved within days to shape crypto rules, shifting the market’s focus from Congress to regulators.
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After the Clarity Act failed in the U.S. Senate, the SEC, CFTC, and Federal Reserve moved within days to shape crypto rules, shifting the market’s focus from Congress to regulators.
Per Bylund says AI’s predictive capabilities cannot substitute for human vision, potentially moving the economy away from a primarily employment-based model and toward wider participation in entrepreneurship, according to Bitcoin Magazine.
Bitcoin’s correlation with gold has risen to a six-year high, while the BTC-to-gold ratio has formed higher lows since February. A Bitcoin Magazine analysis says BTC is nearing positive territory against the precious metal.
Fairlead Strategies’ Katie Stockton identifies $93,000 as the Bitcoin price level that would confirm a new bull market. Her analysis also points to $84,000 resistance and examines related technical signals.
A Balancer fork’s proposed 6 million BAL request could lower holders’ redemption value. The impact depends on eligible granted BAL before the treasury snapshot, while the proposed return remains conditional.
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Grant Cardone describes upheaval in commercial real estate as an “Armageddon” and presents Bitcoin as a potential hedge and vehicle for accumulating and storing wealth amid the sector’s major shift.
An open competition led by StarkWare, Yukon Research and Eigen Labs lowered the estimated cost of a quantum-safe Bitcoin transaction from about $320 to roughly $67, with AI models ranking highest on the leaderboards, Decrypt reported.
Kraken parent Payward is broadening its focus beyond cryptocurrency exchange services. Co-CEO Arjun Sethi said trading, payments, asset management and institutional offerings are being unified on common infrastructure rails.
CryptoSlate reports that a proposed Federal Reserve framework would make stablecoin circulation a capital cost for supervised issuers. At $1 billion outstanding and no non-reserve revenue, the operating-risk baseline would be $20 million before adjustments.
Evercrest Technologies is suing LayerZero Labs, its Canadian affiliate and CEO Bryan Pellegrino for $292 million over an April rsETH exploit. The claim alleges negligence, negligent misrepresentation and defamation, while KelpDAO reports more than $650 million in user withdrawals.
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The 6th US Circuit Court of Appeals ruled against Kalshi in its dispute with Ohio and Tennessee over state regulation of sports-event contracts, potentially setting up a future US Supreme Court case.
The hacker behind Bitget’s $387.5 million breach has moved about $83 million in stolen XRP from three wallets. Roughly $75 million remains in five original accounts, but XRP’s network rules prevent Ripple from freezing the native cryptocurrency.
The Sixth Circuit ruled that Ohio and Tennessee can apply their gambling laws to Kalshi’s sports contracts, rejecting the exchange’s federal-conflict argument and pointing to geofencing as a compliance option.