Crypto Groups Push Senate on CLARITY Act Vote

More than 200 crypto companies and organizations have urged the US Senate to pass the CLARITY Act, amid concerns that continued stalling could see it miss an important legislative window. In a letter on Monday shared by crypto lobby group Stand With Crypto, the group called on Senate Majority Leader John Thune and Minority Leader…

Here’s what Claude Fable 5 means for crypto and DeFi

However, the two largest incidents were not simple smart-contract exploits of the type AI could engineer. In one, a North Korea-linked group drained about $285 million from Drift Protocol after a six-month social-engineering campaign that won it admin access. For the other, the attacker exploited a single-verifier flaw that allowed roughly $292 million to be…

Bitcoin Miners Reveal New ‘Long-Term Buying Opportunities’ at $61,000

Bitcoin (BTC) miners are back under pressure as data hints that a new buying opportunity is now here. Key points: Bitcoin miners are in the “capitulation” phase of the current bear market, data suggests. A trader argues that there is no “clearer sign” to add BTC exposure as a result. Bitcoin miners are now operating…

Blockchain Researchers Warn HTX Sanctions May Blur Risk Signals

Blockchain researchers have raised concerns about the United Kingdom’s sanctions against crypto exchange HTX, arguing that the move may have created broad collateral damage across the industry’s compliance system. In an X post, Galaxy Digital’s head of research, Alex Thorn, said the UK adding “all of HTX” to its sanctions was “problematic” because the exchange…

Bitcoin surpasses $64,00 as Friday’s ETF inflows reach highest level since May 14

Bitcoin climbed above $64,000 on Saturday, reaching an intraday high of more than $64,200. The largest cryptocurrency by market capitalization is up more than 1% over the past 24 hours and is now up over 8% from its June low of just above $59,000. Sentiment has also been supported by further positive developments on the…

Saylor Says Bitcoin Sales Are Necessary for Strategy’s Digital Credit Business

Michael Saylor, executive chairman of Strategy, defended the company’s recent Bitcoin sale, saying the ability to sell the asset is necessary to continue issuing “digital credit.” Strategy disclosed its first reported Bitcoin sale since 2022 in a June 1 filing with the US Securities and Exchange Commission, offloading 32 BTC in a move that appeared…

Hyperliquid, Paradigm Urge FinCEN Revise GENIUS Rule

The lobbying arm of crypto futures exchange Hyperliquid and venture capital firm Paradigm has urged the US Treasury to revise a proposed anti-money laundering and sanctions rule for stablecoin issuers. The Hyperliquid Policy Center and Paradigm said in a letter on Tuesday that some secondary market obligations should be clarified or narrowed “to avoid unintended…

Bitcoin Orderbook Structure Hints At Recovery To $70K

Bitcoin (BTC) is gaining buyers’ interest after setting a new yearly low at $59,000 last week. Order book data and liquidity suggest a rally is pending and more than $2 billion in short liquidity is concentrated near $65,000. BTC’s bid-ask ratio has remained positive since last Friday.  The shift in positioning and sentiment also aligns…

ETH Futures Bearish, But Staking, Corporate Demand Show Strength

Key takeaways: While bearish ETH futures trends and spot ETF outflows signal weak institutional appetite, staking demand prevents further decline. Falling exchange deposits and accumulation by BitMine indicate holder confidence in ETH’s long-term value. Ether (ETH) price failed to reclaim the $1,700 level over the past week, tracking a broader weakness across cryptocurrency markets. This…

AI Deepfake Election Ad Raises Transparency Concerns

The election season is ramping up in the United States, meaning that airwaves and social media are flooded with campaign ads. Candidates, in addition to the political action committees (PACs) supporting and opposing them, are projected to spend a record-breaking $10 billion in ads this cycle. Some of that is going into AI deepfakes.  At…