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Bitcoin nears $80,000 as Hyperliquid steals the crypto spotlight
crypto4 days ago

Bitcoin nears $80,000 as Hyperliquid steals the crypto spotlight

Bitcoin surged to about $78,200—its highest since May and on track for near-$80k—while Hyperliquid, a decentralized perpetual futures platform, posted record activity and a roughly 195% year-to-date rise in its HYPE token, drawing substantial trading volume away from spot BTC. The rally was supported by macro factors and earlier short liquidations, and it comes amid ongoing U.S. regulatory chatter—Trump’s push for crypto framework and the CFTC’s push for clearer rules—which has boosted sentiment in the crypto space. Overall, the crypto market has gained around 25% over the past week.

via Fortune|
#bitcoin#crypto#crypto-derivatives
Treasury doubles long-dated bond buys as U.S. debt tops $40 trillion, lifting markets
markets6 days ago

Treasury doubles long-dated bond buys as U.S. debt tops $40 trillion, lifting markets

The U.S. Treasury plans to nearly double buybacks of 10–30 year bonds to at least $4 billion per operation over the next two months to tamp down borrowing costs as debt surpasses $40 trillion, sending bond prices up, yields lower, and lifting stocks and cryptos. The surge in debt also highlights near $1.2 trillion in interest payments this year. In other notes, Trump criticizes the Fed and vows action against Iran, while Moderna and Merck report promising cancer-vaccine trial results; Nvidia is pursuing Nordic AI infrastructure deals to connect data centers with its GPUs.

via CNBC|
#bonds#crypto#debt
Scheduling confusion slows SEC crypto rule
politics6 days ago

Scheduling confusion slows SEC crypto rule

The SEC postponed releasing a regulatory framework for digital assets after White House concerns that a separate rule could bog down crypto legislation, triggering confusion about which rule to advance and canceling a planned Friday vote; only the framework was set for approval, while the innovation exemption remained under review. A high-profile crypto industry meeting was planned with major firms, but CME Group was notably absent amid a CFTC dispute.

via Semafor|
#crypto#politics#regulation
Senate Dems Move to Block Banks Tied to President Amid Crypto Charter Scrutiny
politics7 days ago

Senate Dems Move to Block Banks Tied to President Amid Crypto Charter Scrutiny

Sen. Elizabeth Warren and nine Senate Democrats introduced the Ending Presidential Corruption in Banking Act to bar the president, vice president, their immediate family, and other top officials from owning or controlling banks after federal regulators gave preliminary approval to a Trump-linked crypto firm, World Liberty Trust Co., to operate as a charter bank that would issue and manage digital assets rather than take deposits or loans. Democrats say the decision poses conflicts of interest and risks to the financial system, while the White House maintains there are no conflicts and the company would be subject to ongoing regulatory oversight.

via Los Angeles Times|
#banking#crypto#ethics
politics12 days ago

Crypto’s Capitol Push Meets Banks’ Lobby Muscle

Crypto interests have poured money into Washington to push the Clarity Act, a sweeping digital-assets regulation bill, but banks are mounting a fierce lobbying push to add amendments—especially around stablecoin rewards—that they say could drain deposits from banks. The clash could force Senate Republicans to choose between crypto allies and hometown lenders, with a potential bipartisan deal needed to move the bill after the August recess.

via Politico|
#banking#clarity-act#crypto
finance14 days ago

Crypto Rulemaking on the Horizon as Regulators Move Ahead with GOP Skepticism

Democrats brace for a push by SEC Chair Paul Atkins and CFTC Chair Michael Selig to advance a slate of crypto-focused rules after the Clarity Act stalled in Congress, starting with an SEC meeting that could propose a tailored regime for certain crypto assets and an innovation exemption. Regulators argue the moves are needed to keep the U.S. as a crypto hub, but they face left-leaning backlash over industry coziness, potential court challenges if legislation isn’t enacted, and scrutiny from lawmakers wary of overreach. The effort is paired with broader market-structure changes (e.g., 24/7 trading, transfer-agent rules) and could be shaped by who controls Congress and the presidency in coming years.

via Politico|
#cftc#clarity-act#crypto
Trump Media swings to $238m loss as crypto slump weighs on results
business15 days ago

Trump Media swings to $238m loss as crypto slump weighs on results

Trump Media and Technology Group posted a $238m loss for April–June, more than 10x the prior-year figure, as crypto downturns weighed on results despite $1.7m in revenue (up 89% YoY). The company is diversifying into crypto holdings, clean-energy investments and social-media ventures, ending the quarter with about $2bn in assets and launching a fast-access Truth Social post service to create new revenue streams, but profitability remains elusive as it pivots beyond pure media into new ventures.

via BBC|
#business#crypto#finance
Senate pushes sweeping crypto rulebook toward floor vote
politics16 days ago

Senate pushes sweeping crypto rulebook toward floor vote

The U.S. Senate moved to advance the Clarity Act, a sweeping bill to create a federal regulatory framework for cryptocurrencies, defining when tokens are securities or commodities and who oversees them. If it clears procedural hurdles, it could head to a full floor vote after the August recess but would require 60 votes (at least eight Democrats plus all Republicans). The move is a major win for Trump and the crypto industry, amid Democratic opposition on some provisions, with the White House backing the bill and industry groups spending heavily to support pro-crypto candidates.

via CNBC|
#clarity-act#crypto#politics
Senate Advances sweeping crypto-regulation bill ahead of August recess
politics-and-government16 days ago

Senate Advances sweeping crypto-regulation bill ahead of August recess

The Senate moved to advance the Clarity Act, a sweeping crypto-regulation bill that would define when digital tokens are securities or commodities and designate regulatory oversight, potentially setting up a full floor vote after August recess. The move signals bipartisan momentum for a major policy win for President Trump and the crypto industry, though Democrats seek additional constraints on crypto ventures by officials. The White House has been pushing for the bill, and the industry has spent heavily to support crypto-friendly legislation.

via Yahoo Finance|
#clarity-act#crypto#politics-and-government
Seed-Phrase Flaw Drains $110M in Bitcoin From Cold Wallets
technology17 days ago

Seed-Phrase Flaw Drains $110M in Bitcoin From Cold Wallets

Hackers drained about $110 million in Bitcoin from Coinkite’s cold wallets after exploiting a software bug that allowed seed-phrase reconstruction, affecting around 5,000 wallets (rising to at least 7,300). Coinkite says it is conducting an ecosystem-wide security audit and has paused automated data-blanking for legal reasons while investigating and assisting affected customers.

via Futurism|
#coinkite#cold-wallets#crypto
business18 days ago

Senate stalls landmark crypto bill, delaying regulation until fall

The Senate postponed the Clarity Act, a sweeping cryptocurrency-regulation bill, until September after its August recess, dampening momentum as lawmakers work to resolve ethics provisions and other unresolved issues; Democrats seek safeguards to curb potential conflicts involving the president’s crypto ties, while banks press for changes and Republicans warn of dwindling momentum with a tight post-recess window before the midterms.

via Politico|
#business#clarity-act#crypto
politics19 days ago

Divestment Trigger Emerges in Bipartisan Crypto Ethics Rewrite

A bipartisan ethics counteroffer to a major crypto bill would force President Trump and other federal officials to divest any ownership in digital-asset firms if the stake exceeds $1 million and accounts for 10% or more of the firm’s value, with applicability to firms that earn most of their revenue from crypto issuance or sponsorship. The plan, transmitted to the White House by Senators Tillis and Gallego, would empower state attorneys general to pursue enforcement and challenge crypto listings that violate the ethics rules. Divestment requirements would take effect one year after enactment, with six months to comply, and could interact with tax provisions. The language is still under negotiation as lawmakers push a bipartisan deal to address concerns about Trump family crypto interests alongside other policy issues.

via politico.com|
#clarity-act#crypto#divestment
politics20 days ago

Capitol in Flux: Confirmations, Controversies, and a Crypto Clash

A POLITICO live updates digest tracks a flurry of Capitol action: Acting AG nominee Todd Blanche faces GOP scrutiny ahead of a Senate vote; Republican concerns over FCC actions on Disney and media raise First Amendment anxieties; Erica Schwartz wins Senate confirmation to lead the CDC amid vaccine and public health debates; Republicans weigh ethics investigations and campaign dynamics in Ohio and North Carolina while a major crypto bill faces opposition from Hawley and others; Thune advances bipartisan college sports legislation and other scheduling moves loom as lawmakers race toward August recess, all amid ongoing primary news and White House pressure on candidates.

via Politico|
#crypto#elections#legislation