Bitcoin held near $66,300 on Wednesday, consolidating a two-week high, as the semiconductor rally that has driven the crypto all month extended into a second session and the Japanese yen sank to its weakest level in four decades. The biggest cryptocurrency rose nearly 1% on the day and 3% on the week, with about $31 […]
Bitcoin at $66,300 as yen hits 40-year low against dollar Read More »
August 7 – the fast-approaching last day before the Senate’s summer recess – is seen as a key deadline to finish the Clarity Act this year. Crypto insiders expect the bill to come to the floor as soon as early next week, which would fit with what Senate Majority Leader John Thune had previously indicated.
A crypto lobby organization has sued the state of Illinois over a last-minute tax provision inserted into the state budget last month. TDC (also known as The Digital Chamber) argued that Illinois’ Digital Asset Tax Act violated both the United States and state constitutions and is exempt from federal tax law. The lawsuit, filed Tuesday,
Crypto lobby group TDC sues Illinois to block digital wealth tax Read More »
Spot market conditions have improved after months of weakness, with US spot bitcoin ETFs switching from sustained outflows to modest inflows. Still, the report cautioned that demand has yet to fully recover, with ETF flows and purchases by corporate bitcoin finance firms such as Strategy ( STR ) remaining well below levels seen earlier this
An April 2025 CoinDesk investigation found that Movement was investigating whether it had been misled into signing a market-making agreement that gave a single counterparty unusual influence over MOVE’s circulating supply. Internal documents reviewed by CoinDesk at the time showed that the arrangement allowed 66 million MOVE tokens to be sold on the market a
Movement Labs files for chapter 11 months after token scandal Read More »
“If Senate Democrats are blocking this historic legislation after the administration bent over backwards to accommodate their concerns, stakeholders should make no mistake: Democrats are blocking this legislation because they were never serious about a legislative outcome,” the White House official said. Democratic negotiators such as Senators Kirsten Gillibrand, Ruben Gallego and Angela Alsobrooks reportedly
The crypto market has rallied on reports suggesting that the final hurdle to the long-awaited US Clarity Act may have been cleared. Eleanor Terrett, host of Crypto in America, wrote on X that President Donald Trump had accepted a crucial ethics provision for the crypto market structure bill. The specific language has been shared with
But the bigger draw is simpler: AI is where the speculative money and investor attention is now headed. The capital that once chased crypto is now chasing computer, chip and model builders, and every leap in what these systems can do widens that appeal. Each result like Fable’s finding of the Jacobian conjecture strengthens the
Galaxy Digital (GLXY) said it set up a $5 million fund for Bitcoin developers working to protect the network from the potential future threat of quantum computers. The crypto-financial company said it will begin accepting applications for the Galaxy Bitcoin Quantum Readiness Initiative immediately, with grants focused on developing quantum-resistant signature schemes, wallet migration tools
Crypto giant Galaxy sets up $5 million fund to future-proof Bitcoin security Read More »
The Russian State Duma passed legislation establishing the country’s first comprehensive cryptocurrency regulatory framework with most of the new rules set to take effect on September 1. The law creates a legal framework for crypto exchanges, depositories and other providers of digital assets, while setting rules on who can buy crypto and under what conditions,
Russia adopts historic crypto rules to regulate trade and target foreign trade Read More »
