Crypto News
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Prediction Markets Cut Clarity Act Passage Odds as Talks Stall
Prediction markets lowered the Clarity Act’s near-term passage odds after Republicans rejected a Democratic counter-proposal. Negotiations remained deadlocked hours before a key Senate vote, CoinDesk reported.
CoinDesk
Clarity Act Passage Odds Reverse as Democratic Opposition Weighs on Crypto Markets
Decrypt reports that the Clarity Act’s recent improvement in passage odds has fully reversed amid Democratic pushback. Crypto majors also retreated, leaving the bill’s prospects uncertain and markets focused on whether passage remains possible.
Decrypt
USDT Reportedly Linked to Polish Energy Giant’s Failed $230M Oil Trade
USDT was reportedly involved in a failed oil trade that cost a Polish energy giant $230 million in late 2023, according to the Financial Times. The transaction links stablecoin use with a major commodity-market deal.
Cointelegraph
Standard Chartered sees ARB reaching $10 as tokenization boosts Arbitrum
Standard Chartered forecasts a 70-fold rise in Arbitrum’s ARB token to $10, citing tokenization and Robinhood Chain revenue. The bank expects Arbitrum to attract traditional finance, although ARB holders currently have no direct fee claim.
CoinDesk
Jack Mallers Says Fed Hikes or Cuts Could Still Fuel Inflation
Strike CEO Jack Mallers says the debate over Fed rate hikes versus cuts misses the key risk, arguing that either path could lead to inflation as US debt-to-GDP exceeds 120%.
Bitcoin Magazine
Velocity’s Series A reaches $48 million at a $200 million valuation
Velocity has expanded its Series A funding to $48 million at a $200 million valuation, CEO Eric Queathem said. Visa, Circle and Ripple are among the backers of the London-based payments infrastructure firm.
CoinDesk
Nigel Farage-backed Stack BTC plans $16 million gold dealer acquisition
Stack BTC, backed by Nigel Farage, plans to acquire a gold dealer for $16 million. The proposed deal would use cash flow from precious-metals sales to increase the company’s bitcoin holdings, CoinDesk reports.
CoinDesk
US House Crypto Tax Bill Leaves Mining and Staking Reward Timing Unchanged
The US House’s 114-page crypto tax package would change rules for fees, stablecoins and lending, but excludes deferral for mining and staking rewards, leaving their existing tax timing unchanged.
Cointelegraph
