Pro-Crypto Senator Lummis Won’t Seek Reelection in 2026

Wyoming Senator Cynthia Lummis, one of the most outspoken advocates for digital assets in the current session of the US Congress, will leave office in 2027. In a Friday X post, Lummis announced that she would not seek reelection to the Senate in 2026. She was elected to a six-year term and assumed office in…

Crypto’s closest ally in Congress, Sen. Lummis, is retiring next year

U.S. Senator Cynthia Lummis, who has arguably been the closest friend to the crypto sector in Congress, won’t seek another term, she said in a statement on Friday. The first-term lawmaker will call it quits after her six-year term ends in January 2027, leaving a Republican seat open in extremely red Wyoming, but also removing…

Bitcoin Failure At $90K Driven By Reduced Fed Rate Cut Odds

Key takeaways: Strong demand for US Treasurys and lower odds of a Fed rate cut indicate that investors are shifting toward safer assets, reducing interest in Bitcoin. Economic weakness in Japan and softer US job data add pressure to Bitcoin, limiting its use as a hedge in the near term. Bitcoin (BTC) has repeatedly failed…

Bitcoin Failure At $90K Driven By Reduced Fed Rate Cut Odds

Key takeaways: Strong demand for US Treasurys and lower odds of a Fed rate cut indicate that investors are shifting toward safer assets, reducing interest in Bitcoin. Economic weakness in Japan and softer US job data add pressure to Bitcoin, limiting its use as a hedge in the near term. Bitcoin (BTC) has repeatedly failed…

Blockchain Association Petitions US Lawmakers, for Crypto Customer Rewards

The Blockchain Association, a non-profit crypto advocacy organization, wrote a letter to the US Senate Committee on Banking, signed by over 125 crypto industry groups and companies, opposing the ban on third-party service providers and platforms offering customer rewards to stablecoin holders. Expanding the prohibition on stablecoin issuers sharing yield directly with customers, outlined in…

Blockchain Association Petitions US Lawmakers, for Crypto Customer Rewards

The Blockchain Association, a non-profit crypto advocacy organization, wrote a letter to the US Senate Committee on Banking, signed by over 125 crypto industry groups and companies, opposing the ban on third-party service providers and platforms offering customer rewards to stablecoin holders. Expanding the prohibition on stablecoin issuers sharing yield directly with customers, outlined in…

Negative Investor Sentiment Caps Bitcoin, Altcoin Rallies Near Range Highs

Key points: Bitcoin is attempting a recovery from the $84,000 level, but the bears continue to sell on rallies. Several major altcoins are struggling to start a recovery, but Bitcoin Cash looks strong in the near term. Bitcoin (BTC) rose above $89,000 after the Bank of Japan (BoJ) hiked its rates to around 0.75% on…

SEC Confirms Years-Long Director Bans for Former Alameda, FTX Execs

Former Alameda Research CEO Caroline Ellison and former FTX executives Gary Wang and Nishad Singh will be barred from assuming company leadership roles for eight to 10 years following a court judgment. In a Friday notice, the US Securities and Exchange Commission said that it had obtained final consent judgments against Ellison, Wang and Singh…

Galaxy Predicts Stablecoins Will Overtake ACH Transaction Volume in 2026

Stablecoins could process more transaction volume than the US Automated Clearing House system in 2026, as regulatory clarity and rising adoption expand their usage, according to a new forecast. Galaxy Research, the research arm of digital asset company Galaxy Digital, pointed to existing transaction data and regulatory developments to support its prediction, noting that “stablecoin…

BTC Market Evolves As ‘New Whales’ Take 50% Dominance

Freshly released Bitcoin (BTC) onchain data pointed to a less classic cycle peak or bottom and more toward a structural transition in how capital is entering the market. Key takeaways: Nearly 50% of Bitcoin’s realized cap is now attributed to “new whales,” highlighting a structural reset of the network’s cost base. The Short-Term Holder (STH)…