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View More NewsThe odds of the Digital Asset Market Clarity Act’s (CLARITY) passage are dwindling as the US Senate is scheduled to begin summer recess at the end of this week, threatening another leg down for cryptocurrency valuations, according to wealth manager Bernstein.Bernstein said that the Senate’s failure to pass the legislation could trigger an immediate negative “industry knee-jerk reaction,” which may result in another leg down for Bitcoin and the broader crypto market.“From a tactical standpoint, we expect the crypto market to bottom and start showing momentum towards late Q3 and early Q4 prior to the mid-terms,” Bernstein analysts wrote in…
Hashdex said it will liquidate its eponymous spot-price Bitcoin exchange-traded fund this month, distributing the cash to all remaining shareholders and selling the fund’s roughly 225 BTC holdings.In a filing on Monday, the fund issuer said the decision was made after evaluating factors including trading liquidity, operating costs and investor interest. The 200,000 shares, which have traded on NYSE ARCA under the DEFI ticker since March 2024, have net assets of $14.25 million, according to the fund’s website.Late to the game, which saw the first of 10 other competing BTC ETFs debut months ahead of it, analysts saw opportunity at…
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This morning I filed an amicus brief in Suncor Energy (U.S.A.) Inc. v. County Commissioners of Boulder County. In this case, likely to be argued in October, the Supreme Court will consider, among other things, whether the Clean Air Act or…
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Note: the following review contains plot spoilers.In the opening lines of his poem Ithaka, Constantine P. Cavafy (1863–1933), the second-most famous Greek poet to make his theme the perilous homecoming of the Trojan War hero Odysseus, wroteAs you set out for Ithakahope your road is a long one,full of adventure, full of discovery.Laistrygonians, Cyclops,angry Poseidon—don’t be afraid of them:you’ll never find things like that on your wayas long as you keep your thoughts raised high,as long as a rare excitementstirs your spirit and your body.(The translation is from Edmund Keeley and Philip Sherrard’s 1975 compilation, C.P. Cavafy, Selected Poems.) Christopher…
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Ripple announced two new strategic investments as the blockchain-focused fintech seeks to expand access to tokenized financial assets on its blockchain ledger.The company said…
In brief South Korean exchange Bithumb published a three-stage roadmap to a 2028 IPO. The roadmap includes internal controls and K-IFRS preparation in 2026,…
Once a goldmine for carry traders, bitcoin futures have flipped, consistently underperforming plain‑vanilla U.S. Treasuries every month since February.Carry trades consistently yielded 20% or…
In brief Transfers of less than 1 BTC reached 39,600 BTC on July 31, close to the 39,900 moved days after FTX failed, per…
In brief MoonPay launched a ChatGPT app that lets users generate crypto purchase links inside OpenAI’s chatbot. Users still must complete MoonPay’s standard KYC…
Coinbase is not at all concerned with the increasing competition from Wall Street giants or other traditional financial institutions, the crypto exchange’s head of…
The Federal Reserve published the latest version of its proposal to create a “skinny” master account, updating the proposal first published last December. In…
Cryptocurrency markets have recovered around $75 billion in total capitalization following a progress update on Saturday from US President Donald Trump on a peace…
Fenwick & West LLP, the principal law firm that advised former cryptocurrency exchange FTX, agreed on Friday to pay $54 million to settle a…
In brief Joi AI is hiring 10 “masturbation consultants” at $2,000 for a month to test an AI-guided masturbation feature and document its effects…
Crypto lender Ledn says the consumer bitcoin-backed loan market could grow nearly 300-fold to as much as $1 trillion within the next decade, as…
Tom Lee’s BitMine faces about $7.3 billion in paper losses on its Ethereum treasury as Ether (ETH) traders weigh worsening sentiment, ETF outflows and…
