Key Takeaways 134 bank leaders urged Senate lawmakers to strengthen stablecoin interest and yield restrictions in the CLARITY Act. Bankers warned incentives tied to stablecoin holdings could weaken the deposit base supporting local lending. The dispute centers on whether payment stablecoins should function only as transaction tools. Bank Leaders Push Senate to Rewrite Stablecoin Provision…
Key Takeaways SEC Chair Paul Atkins supports the CLARITY Act and is providing technical assistance to Congress. The legislation could establish a new framework for crypto market oversight in the United States. The SEC is preparing to address digital asset market rules as lawmakers consider the bill’s future. SEC Chair Pushes Congress Toward New Crypto…
Key Takeaways Bitcoin tumbled 2% on Tuesday, reaching an intraday low of $62,684 before rebounding near $63,660. The sharp price decline wiped out $134 million in Bitcoin longs and $515 million across crypto. Fed policy cues from Kevin Warsh and PCE data could push bitcoin toward $70,000 or down to $58,000. Bitcoin Pulls Back Ahead…
Key Takeaways Over 60 crypto projects shut down or filed bankruptcy from January to July 2026, led by BitMEX’s Sept. 23 closure. Security exploits drove closures including Step Finance’s $40 million hack and Radiant Capital’s $50 million 2024 breach. AscendEX cited failed EU MiCA licensing, while Tally’s founder linked its closure to looser SEC enforcement….
Key Takeaways Galaxy Digital acquired 500 acres in McGregor, Texas, for a new artificial intelligence (AI) and high-performance computing (HPC) data center campus. The deal adds an estimated $130 million to McGregor’s tax base and targets 74 MW in phase one. GLXY shares traded near $22.70 on July 27, down 17.48% over the past month….
Ethereum remains bullish and is heading towards the major resistance of the $1900-$2000 area. Everyone is waiting for a clear direction before jumping on the train. ETH price will head towards the $2380 resistance level as soon as it is able to hold above the support of $1800. Ethereum has gained more than 25% in…
Key Takeaways Blackrock’s ETHA led ether ETFs to $9.23M inflows on July 27 as bitcoin lost $11.64M. Bitcoin’s 3-day outflow streak shows institutions rotating toward ether and smaller altcoins. HYPE lost $2.89M, testing whether its $279.22M asset base can stabilize after launch. Ether ETFs Add $9.23 Million as Bitcoin Withdrawals Extend to 3 Days Institutional…
Key Takeaways Sen. Jon Husted (R-OH) publicly endorsed the CLARITY Act in a post on X on July 28. Galaxy Research cut the CLARITY Act’s 2026 passage odds to 30%, down from a prior 50% estimate. The Senate has about two weeks before its August recess to pass the 616-page bill. Husted Joins the Chorus…
Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. Blockchain infrastructure provider Binance and its local partner BlockShoals Technologies have appointed Jen Bilango as General Manager for Binance in the Philippines, according to an announcement released Tuesday. The appointment comes as the company prepares…
Key Takeaways BIND and Petersen Groups are developing peso-pegged stablecoins to offer programmable money to institutions. Subsidiaries lead the projects to bypass a 2022 central bank ban on private banks offering crypto services. These digital pesos aim to streamline institutional treasury management and collateralized credit operations. Digital Peso Stablecoins in Development in Argentina While dollar-pegged…
