US Senators Urge Regulators to Clarify Crypto Capital Rules

A group of Senate Republicans has urged US financial regulators to clarify the capital standards for companies engaged in crypto activities. Senator Cynthia Lummis said on Thursday that she led the group in sending a letter on May 27 to Federal Reserve Vice Chair for Supervision Miki Bowman, Federal Deposit Insurance Corp. Chairman Travis Hill,…

Strategy’s Bitcoin Sale Raises Solvency Concerns As Bitcoin Crashes

Key takeaways: Strategy faces tighter short-term liquidity, but its conservative 11% net leverage protects it from forced BTC liquidations. A Bitcoin rally above $70,000 remains unlikely as long as STRC trades under $100 and spot ETFs show net selling pressure. Bitcoin (BTC) faced a 21% price correction in 10 days, retesting the $61,000 level for…

Crypto Clarity Act in spotlight for bad-actor provisions as Senate process grinds forward

Though there’s no new sign of progress on the U.S. Senate’s Digital Asset Market Clarity Act, the crypto industry’s Blockchain Association held an online event Thursday with involved lawmakers continuing to make the case for support — especially in the law enforcement community — as the bill’s advocates contend with a narrow Senate window. Throughout…

OCC Head Says he only Feels ‘Political Pressure’ from Democrats over Crypto Trust Charter

Jonathan Gould, the Comptroller of the Currency (OCC) nominated by Donald Trump, implied that the US president had not ordered him to approve or give special consideration to a national trust charter application tied to his family’s financial interests. In a Thursday hearing of the House Financial Service Committee on “oversight of prudential regulators,” New York…

Bitcoin Must Hold $60,000 Next After $2 Trillion Crypto Market Wipeout

Bitcoin (BTC) returned below $64,000 after Thursday’s Wall Street open as bulls nursed 13.5% weekly losses. Key points: Bitcoin struggles to stabilize amid its worst week of losses in 2026 so far. $60,000 is the line in the sand for bulls to defend, analysis says. BTC price action with a key trend line closely mimics…

US Treasury Secretary Signals CLARITY Act by Summer, Progress on Bitcoin Reserve

US Treasury Secretary Scott Bessent told Senate lawmakers that his department is pushing to establish a strategic Bitcoin reserve and digital asset stockpile more than a year after it was called for in an executive order from President Donald Trump. Speaking at a Senate Finance Committee hearing on Trump’s fiscal year 2027 budget for Treasury…

Crypto due diligence has changed: three questions advisors should revisit

In today’s newsletter, Beth Haddock reviews the three due diligence questions advisors should be asking in 2026: how client cash is managed, how regulatory assumptions should be disclosed and how to manage liability when AI executes crypto trades. Then, in “Ask an Expert,” Aaron Brogan reviews the GENIUS Act implementation timeline, how things will change…

Arthur Hayes Dumps HYPE, NEAR Holdings Ahead of ‘Mega’ AI IPOs

BitMEX co-founder Arthur Hayes said he dumped his Hyperliquid (HYPE) and Near Protocol (NEAR) token holdings, reversing course after previously assigning aggressive upside targets to both assets. Hayes cited higher energy prices due to the ongoing Middle East conflict, three forthcoming “mega AI IPOs” by the third quarter of 2026 and predictions that US President…

Bitcoin is Back at the 200-Week Moving Average After Nearly Three Years

Bitcoin (BTC) has tagged a key bear-market trend line with its drop to four-month lows, with a “decent chance” of a rebound next. Key points: Bitcoin revisits its 200-week simple moving average after trading above it since October 2023. The trend line functioned as resistance throughout the 2022 bear-market bottom and rebound. Bitcoin’s daily RSI…

FG Nexus Sells 10,000 ETH as Treasury Losses Top $100M

A wallet tagged by Arkham to the publicly listed Ethereum treasury company FG Nexus moved another 10,000 Ether on Wednesday, extending a series of sales that began after the company built a large position in 2025. The latest transfer equates to roughly $17.8 million at current prices and comes after earlier disposals that saw the…