Solana Institute urges CLARITY Act developer protections

Solana Institute CEO Kristin Smith is urging the US Senate to pass the CLARITY crypto market structure bill with developer protections intact, arguing that open-source developers and blockchain infrastructure providers should not be regulated as financial intermediaries. In a thread on the X social media platform, Smith said the market structure legislation “has a real…

Crypto tax bills a work-in-progress as U.S. House lawmakers pose concerns

A package of several crypto tax bills may not be ready yet for prime time, as a U.S. House Ways and Means Committee hearing revealed potentially significant questions from lawmakers that suggested the panel hasn’t achieved a bipartisan embrace of the bills that would tailor a clearer tax code for digital asset gains. The latest…

Bitcoin’s Correction May Be Canary In Coal Mine Moment for Macro

Bitcoin’s (BTC) recent performance may be less about crypto market weakness and more about its position at the front of the risk curve. Asset management firm Bitwise said that BTC often acts as a “canary in the macro coal mine,” responding to shifts in liquidity and financial conditions before traditional markets. With equities now showing…

Privacy Push Accelerates as StarkWare and Sui Launch Compliance-Ready Confidential Transfers

StarkWare and Sui launched new privacy features this week that allow users to conceal transaction data without fully sacrificing auditability or regulatory oversight. StarkWare said Tuesday that it launched STRK20, a privacy framework for ERC-20 tokens on Starknet that allows users to shield balances and transaction data while providing mechanisms for disclosure under certain circumstances….

BBB Advertising Watchdog Refers Kalshi to Regulators Over Influencer Inquiry

The Better Business Bureau’s (BBB) National Advertising Division (NAD) is referring prediction market platform Kalshi to regulatory authorities after the company declined to participate in an inquiry into its social media advertising practices, adding another layer of scrutiny to the fast-growing event trading platform. In a statement published Monday, NAD said it will refer the…

BTC Price Nears $62,000 as Bitcoin Bear Market Support Failures Continue

Bitcoin (BTC) hit week-to-date lows at Tuesday’s Wall Street open as analysis put $65,000 as bulls’ level to beat. Key points: Bitcoin needs to revisit $65,000 for bulls to take charge, says new BTC price analysis. Bear market history continues to play out as BTC/USD loses key supports. Iran peace hopes see oil fall below…

Humanity Says Laptop Breach Led To $36M H Token Exploit

Humanity Protocol said an employee’s laptop compromise allowed attackers to seize bridge controls, upgrade contracts and steal over $36 million in H tokens.  In an incident update on Tuesday, the protocol said the Monday attack affected the H token across Ethereum and BNB Chain. The team said three of six Gnosis Safe owner keys were…

BlackRock warns of energy shock as May CPI is set to show acceleration in inflation

BlackRock is closely watching Wednesday’s May U.S. inflation report for the first clear signal of how the U.S.-Iran conflict is feeding into already sticky prices. “We look to May U.S. inflation figures for a clearer read on how the Mideast conflict energy shock is impacting already sticky inflation. The full breadth of the shock has…

MiCA Architect Says EU Should Prioritize Tokenization Over DeFi Rules

The European Union should focus on a broader digital asset framework covering real-world assets and tokenization instead of regulating decentralized finance through a second version of the Markets in Crypto-Assets Regulation (MiCA), an adviser at the European Commission said. The European Commission launched a public consultation on MiCA in May, seeking feedback through Aug. 31….

Bitcoin Futures Reset As Buyers Step In Near $59K

Bitcoin (BTC) rallied toward $64,000 on Monday, but futures market activity was lagging, which may be a sign that the rebound could lose momentum. Traders placed nearly $162 million in buy orders between $57,000 and $59,000, forming one of the largest visible liquidity clusters below the current pricing, potentially setting the stage for BTC’s next…