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Crypto’s closest ally in Congress, Senator Lummis, is retiring next year

US Senator Cynthia Lummis, who has arguably been the crypto sector’s closest friend in Congress, will not seek a second term, she said in a statement on Friday. The first-term lawmaker will resign after her six-year term ends in January 2027, leaving a Republican seat open in extremely red Wyoming but also removing a key […]

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The Federal Reserve is moving toward narrower, crypto-powered takes on master accounts

The U.S. central bank took a first step toward establishing a more limited version of its so-called master accounts, welcoming input on how the central bank could formulate “payment accounts” that would provide access to its payment rails without companies having to jump through the significant hoops that would provide more comprehensive services. The Fed

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Polkadots DOT keeps stable with token unchanged over 24 hours

DOT$1.8725 was unchanged over the past 24 hours, with the token trading at $1.85. The token’s trading volume was 55% above its 30-day average as smart money flows into DOT accelerated during the session, according to CoinDesk Research’s technical analysis model. DOT tracked broader crypto momentum rather than token-specific catalysts. The broader market gauge, the

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The foundation behind the restaking protocol EigenLayer plans bigger rewards for active users

The foundation behind the restaking protocol EigenLayer has proposed a governance change to introduce new incentives to the EIGEN token, focusing on productive network activity and fee generation. Under the plan outlined in a recent blog post, a cornerstone of the proposal is the introduction of a fee model that channels revenue from Actively Validated

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SBF’s cohorts at FTX get last SEC hit, Ellison barred from corporate roles for decade

Three of the top former executives at FTX and its affiliates have accepted final penalties from the US Securities and Exchange Commission as the agency resolves its enforcement actions related to the stock exchange’s collapse, the SEC said in a filing Friday. As former CEO Sam Bankman-Fried continues his federal prison sentence for his fraud

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Bitcoin Could Hit $143,000 in a Year, Citi Says, Citing ETF and Regulatory Windfall

Amid the recent bearish price action, the headline is Citigroup’s 12-month outlook for bitcoin BTC$87,996.38 at $143,000 — or about 62% up from the current $88,000 — will raise some eyebrows. “We foresee increased adoption of digital assets, spurred by potential US digital asset legislation in the second quarter, with bitcoin likely to enter the

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Circle (CRCL), Bullish (BLSH) and Coinbase (COIN) Citi’s top picks in crypto

Wall Street bank Citigroup updated its digital asset equity coverage to reflect recent general declines in crypto, but remains bullish on the sector. “Despite recent token volatility, we remain bullish on digital asset stocks,” analysts led by Peter Christiansen wrote in a Friday report. USDC stablecoin issuer Circle Financial ( CRCL ) remains Citi’s top

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