Galaxy Digital Drops Odds of CLARITY Act Passing to 60%

Crypto firm Galaxy Digital has lowered the odds of the Senate passing its crypto market structure bill before the end of the year, noting that the window for lawmakers to act on the bill is closing.  “On May 22, we raised our estimate of the probability that the CLARITY Act becomes law in 2026 to…

U.S. PCI report, ECB interest-rate decision: Crypto Week Ahead: Crypto Week Ahead

The second week of June puts the crypto market’s resilience to the test as digital assets battle an unusual divergence from record-setting equity markets. Following a grueling nine-month correction cycle that has pushed bitcoin down to major psychological support levels, traders enter the week facing a double-barreled threat of heavy token emissions and tightening cross-asset…

Arthur Hayes Dumps Worldcoin After Bullish AI Proxy Call

Maelstrom co-founder Arthur Hayes said he sold his Worldcoin (WLD) holdings just days after his venture capital firm described it as one of the cleanest proxies for the AI investment play.  “This chart is going in the wrong direction,” said Hayes on X on Saturday, showing a chart for the SpaceX pre-IPO perpetual futures contract,…

Crypto Index Sees “Extreme Fear” as Bitcoin Drops Toward $65,000

Bitcoin (BTC) is due a “relief bounce” next as crypto market sentiment hits two-month lows. Key points: The Crypto Fear & Greed Index hits “extreme fear” with its lowest score since early April. Analysis sees “max fear” accompanying Bitcoin’s drop toward $65,000. A game of “catch-up” should ensue later, with BTC price action targeting stock…

What Happens to Bitcoin If Nasdaq Falls Further?

Bitcoin (BTC) traders said that BTC holding above the $60,000 psychological support over the weekend was important as it recovered 6.5% from a local low near $59,100 to an intraday high of around $62,950 on Sunday. Key takeaways: BTC is eyeing a rally toward $92,630 if it continues to hold above a key moving-average support….

A quick review of the Ways and Means tax bills: State of Crypto

The House Ways and Means Committee circulated seven draft bills ahead of this week’s hearing on crypto tax policy, signaling what the industry can expect. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative The House Ways and…

Saylor Sets Sunday BTC Signal as Dividend Proxy Deadline Nears

Strategy watchers were not disappointed on Sunday as executive chairman Michael Saylor took to social media to signal pending news on changes in the company’s Bitcoin holdings, hours ahead of the final tally of shareholder votes on a proxy measure that would see the company pay dividends twice a month on its preferred STRC shares….

CFTC Chair Claims Gemini Case was Politically Motivated, Seeks to Reverse Settlement

Update (June 2 at 9:35 pm UTC): This article has been updated to include a response from the CFTC. US Commodity Futures Trading Commission (CFTC) Chair Michael Selig is claiming that the agency under former President Joe Biden “politically targeted” the co-founders of cryptocurrency exchange Gemini through enforcement actions. In a Tuesday CNBC interview, Selig…

Abra CEO Bill Barhydt sees tokenization overtaking bitcoin price as crypto’s main story

Bill Barhydt built Abra around a simple idea: Crypto should function like a bank. In 2018, Abra became one of the first companies to offer what Barhydt describes as a full crypto banking service, allowing customers to trade, earn, borrow and make payments from a single platform. Eight years later, as the company prepares to…

Bitcoin 2026 Bear Market Needs Months to Spark Capitulation Bottom

Bitcoin (BTC) threatens to “purge further” as realized losses in the 2026 bear market fail to beat records. Key points: Bitcoin realized losses have not yet surpassed the 2022 total despite market cap being higher. History suggests that a fresh round of capitulation should occur before a bear-market bottom appears. Retail investor conviction is still…