CFTC Chair Says Agency Will Move Forward on Crypto Regulation if CLARITY Fails

Michael Selig, who chairs the US Commodity Futures Trading Commission (CFTC), signaled that the agency would not be idle while Congress continued to debate provisions in a cryptocurrency market structure bill. In prepared remarks for the inaugural meeting of the CFTC’s Innovation Advisory Committee on Thursday, Selig said that the commission would move forward on…

Bitcoin breaks above 200-day moving average for first time since November

The BTC price reclaimed its 200-day moving average for the first time in nine months as its rally gained momentum after the US Treasury expanded its bond buybacks. Source link

U.S. CFTC chief puts staff on notice to create crypto regulations if Clarity Act fails

Commodity Futures Trading Commission Chairman Mike Selig told the inaugural gathering of the Innovation Advisory Committee that his agency won’t sit idle. Source link

63% of Americans Say the Trump Family’s Crypto Investments are not ‘Appropriate’: Poll

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries. All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy. Source link

Bitcoin Miners Spend Billions on AI as Revenue Lags

Public Bitcoin miners are spending billions chasing artificial intelligence and high-performance computing revenue, though returns have yet to keep pace, underscoring the massive upfront investment required to diversify beyond Bitcoin mining. In its latest Miner Weekly newsletter, BlocksBridge Consulting reported that a group of 15 Bitcoin miners and AI data-center companies spent a combined $30.7…

Optimism Redirects 546.9M OP Airdrop Allocation to Ecosystem Fund

Blockchain Optimism’s governance has approved a proposal to repurpose 546.9 million OP tokens previously reserved for user airdrops to support ecosystem growth and institutional adoption. OP currently has a market cap of roughly $214 million, with a circulating supply of about 2.29 billion tokens, according to CoinGecko data. The new Strategic Ecosystem Fund will support…

GnosisDAO Approves Gnosis Chain for Ethereum Economic Zone

GnosisDAO approved Gnosis Chain’s transition from a standalone layer-1 network to a ZK-proven Ethereum Economic Zone (EEZ) rollup. GIP-153 received 123,158 GNO in support, 115 against and 151 abstaining across 54 voters, Gnosis Chain said in an X post. Turnout reached 123,425 GNO, exceeding the 75,000 quorum. Under the proposal, Gnosis Chain’s validator set would…

BitGo Korea Secures VASP Registration for Crypto Custody

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Optimism-funded team's deciding vote shifts $49 million in OP tokens away from users

The approved plan reallocates 546.9 million OP from user airdrops to a Foundation-controlled Strategic Ecosystem Fund. Source link

Bitcoin Eyes $72,000 As Crypto Short Liquidations Pass The $3 Billion Mark

Bitcoin (BTC) and altcoins are breaking records as short position liquidations pass $3 billion over two days. Key points: Crypto short liquidations since Thursday are in excess of $3.1 billion, per CoinGlass data. Bitcoin continues its upside reaction to a US Treasury liquidity intervention, approaching $72,000. Bitcoin short-term holders take profit on previously underwater positions…