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blockonomi.com Cash App Investing Partners With Apex Clearing to Scale Its Platform

TLDR: Cash App Investing selected Apex Clearing after an extensive evaluation to support its next phase of growth. Apex’s AscendOS™ platform offers real-time processing, 24×5 trading, and multi-asset class support for users. Existing Cash App features like dividend reinvesting and Round Ups remain fully intact under the new partnership. The API-first infrastructure gives Cash App [...] The post Cash App Investing Partners With Apex Clearing to Scale Its Platform appeared first on Blockonomi.

bitcoinist.com SEC Sues Texas Man For $12.3 Million Crypto Asset Fraud – Details

The US Securities and Exchange Commission (SEC) is pressing charges against Nathan Fuller, a Texas resident, for running a multi-million dollar crypto investment fraud scheme. The case, filed at the US Southern District of Texas, seeks several penalties against the defendant for allegedly defrauding 150 victims. In a press release on May 28, the SEC […]

blockonomi.com This Top Coin Under $1 Could Deliver a 40x ROI in Under 2 Months; Surprisingly, It’s Not Cardano (ADA) or Dogecoin (DOGE)

While the broader market often remains fixated on the price action of established giants, a new contender is quietly rewriting the playbook for retail wealth generation. Little Pepe, trading under the ticker LILPEPE, has emerged as a formidable force in the sub-one-dollar category, positioning itself to potentially deliver a 40x return on investment in less [...] The post This Top Coin Under $1 Could Deliver a 40x ROI in Under 2 Months; Surprisingly, It’s Not Cardano (ADA) or Dogecoin (DOGE) appeared first on Blockonomi.

news.bitcoin.com XRP ETFs Attract $12M as Bitcoin Funds Extend Outflow Streak to 10 Days

Crypto exchange-traded fund (ETF) flows remained under pressure on Friday, May 29, as bitcoin funds posted a tenth straight day of outflows and ether funds extended their outflow streak to 14 sessions. Still, the tone was less one-sided than earlier in the week, with XRP, HYPE, and Solana ETFs all attracting fresh capital. Bitcoin and […]

cryptobriefing.com Michael Carbonara liquidates 10 Bitcoin for $800K to fund congressional campaign in Florida’s 22nd District

Carbonara's crypto-based campaign funding highlights the growing intersection of digital assets and political finance, potentially reshaping future electoral strategies. The post Michael Carbonara liquidates 10 Bitcoin for $800K to fund congressional campaign in Florida’s 22nd District appeared first on Crypto Briefing.

blockmanity.com Hyperliquid Growth Story: Building the Future of Always-On Finance

Hyperliquid Growth Story: Building the Future of Always-On Finance Hyperliquid started as a simple crypto trading platform just a few years ago. Today, big analysts see it as something much bigger. They believe it can grow into a major player […] The post Hyperliquid Growth Story: Building the Future of Always-On Finance appeared first on Blockmanity.

forklog.media University of Tennessee Launches K-Quantum Accelerator

The University of Tennessee, Knoxville has announced the launch of the K-Quantum accelerator in conjunction with the $43 million Tennessee Quantum Initiative. The project includes Oak Ridge National Laboratory, Tennessee Valley Authority, CGI, and IonQ, with goals to establish a quantum factory, a hybrid computing node, and infrastructure for the commercialization of developments.

bitcoinist.com Bit Digital Saw Ethereum’s Strategic Value Before Institutions Caught On

In a market where most institutions focus on crypto, Bit Digital appears to have taken a more forward-looking approach by recognizing Ethereum’s strategic importance early on. While many players were still treating ETH as a secondary asset, Bit Digital began positioning itself around ETH’s long-term potential as the backbone of decentralized finance, staking, and tokenized […]

news.bitcoin.com Zama Users Lose Access to $12.6M USDC After Circle Executes Court-Ordered Blacklist

Circle blacklisted a publicly labeled Ethereum smart contract tied to Zama’s privacy protocol on Saturday, freezing approximately $12.6 million in USDC following a U.S. federal court order connected to a civil lawsuit against Overnight Finance founder Maxim Ermilov. Circle’s Zama Blacklist Freezes $12.6M, Raising Questions About USDC Use in DeFi Contracts The frozen address, 0xe978F22157048E5DB8E5d07971376e86671672B2, […]

blockonomi.com Wintermute Expands Into Prediction Markets as Segment Tops $60B in 2026

TLDR: Wintermute is now quoting two-sided markets on event contracts across venues doing $20 billion monthly in volume. The prediction market industry has crossed $60 billion in 2026, yet still lacks the institutional liquidity it needs to mature. Event contracts price real-world outcomes directly, offering more targeted exposure than equities, rates, or currencies. Wintermute’s existing [...] The post Wintermute Expands Into Prediction Markets as Segment Tops $60B in 2026 appeared first on Blockonomi.

blockonomi.com XRP Price Holds at $1.33 as On-Chain Data Points to a Potential Bottom

TLDR: XRP is trading at $1.34, posting a 2.80% gain in 24 hours with over $2.15 billion in trading volume. Binance Exchange Supply Ratio has trended downward throughout May, pointing to reduced immediate selling pressure. XRP’s NVT Ratio declined 23.73% to 151.53, suggesting the asset is fairly valued relative to network activity. The Awesome Oscillator [...] The post XRP Price Holds at $1.33 as On-Chain Data Points to a Potential Bottom appeared first on Blockonomi.

forklog.media Groq Secures $650 Million Following Nvidia Deal

AI chip developer Groq plans to raise $650 million from existing investors to expand its cloud business following a December deal with Nvidia. According to Axios, the deal was valued at $20 billion and involved the transfer of some Groq executives to Nvidia and the licensing of its hardware technologies. As reported by TechCrunch, citing Axios, investors Disruptive and Infinitium are prepared to close the round if necessary.

forklog.media US Regulator Approves 24/7 Crypto Derivatives Trading

CFTC has given the green light to 24/7 trading in the crypto derivatives market, while also warning of risks to other segments of derivative financial instruments. .@CFTC Staff Issues Advisory on 24/7 Trading, Clearing, and Settlement: https://t.co/Nt3v5zJzdj— CFTC (@CFTC) May 29, 2026 On May 29, the commission issued a letter to market participants. The agency noted that the shift to 24/7 trading and clearing "may not currently be suitable for all asset classes" due to differences in underlying markets. The CFTC acknowledged that blockchain infrastructure, alternative forms of collateral — including crypto assets and stablecoins — and mobile access have made the 24/7 model viable for digital assets. Platforms already offer continuous access to both retail and institutional clients. Traditional markets, including agricultural derivatives, are less prepared for such a regime. The reasons include the specifics of the client base, regional structure, and hedging features. The main risk is abuse during periods of reduced oversight. The transition of individual products to a round-the-clock mode could impact liquidity, increase volatility, and widen spreads, creating more opportunities for manipulation. The regulator has demanded that platforms enhance compliance and notify the commission in advance of plans to launch a 24/7 model. The letter was released on the same day the CFTC approved crypto companies to launch perpetual futures on a 24/7 basis. Coinbase stated that it is already restructuring traditional financial services on crypto infrastructure. According to the company, its platform operates stocks, futures, and prediction markets 24/7, and the regulator's decision will allow it to add global options and perpetual contracts through a regulated division.  We're bringing global crypto derivatives to the U.S.Coinbase is the first regulated company to bring global crypto options & perpetual futures to the States, thanks to @CFTC.→ Tap the deepest crypto options & perps liquidity→ Access >$31B BTC options OI via Deribit→… pic.twitter.com/CD1GsbX7Lj— Coinbase 🛡️ (@coinbase) May 29, 2026 Earlier in May, exchange operator Intercontinental Exchange requested the regulator to provide a "level playing field" in the on-chain perpetual futures market.

themerkle.com Circle Freezes $12.6 Million in Zama’s Confidential USDC Contract on Ethereum

Blockchain investigator ZachXBT has flagged a major stablecoin freeze that is sending shockwaves through the DeFi community. Circle, the issuer of USDC, appears to have blacklisted the smart contract address belonging to privacy protocol Zama’s Confidential USDC (cUSDC) on Ethereum, locking up approximately $12.6 million in user funds, funds that may have had no direct connection to any alleged wrongdoing. ZachXBT posts the finding to his social channels, noting the blacklist appears to have gone through approximately seven hours before he flags it. By the time the crypto community begins to respond, the funds are already frozen. ZachXBT Catches the The post Circle Freezes $12.6 Million in Zama’s Confidential USDC Contract on Ethereum appeared first on The Merkle News.

blockonomi.com Circle Freezes $12.6M in Zama’s cUSDC Contract After Court Order in Overnight Finance Suit

TLDR: A federal judge ordered Circle to blacklist Zama’s cUSDC contract, freezing roughly $12.6 million in pooled USDC funds. Plaintiffs allege Overnight Finance’s Ermilov moved $15.77M from a shared treasury just before an OVN holder vote passed. Zama’s entire cUSDC pool was frozen because the contract holds funds from all depositors, not just the disputed [...] The post Circle Freezes $12.6M in Zama’s cUSDC Contract After Court Order in Overnight Finance Suit appeared first on Blockonomi.

news.bitcoin.com Treasury Seizes $1 Billion in Iran-Linked Crypto, Scott Bessent Confirms at Reagan Forum

The U.S. Treasury has seized approximately $1 billion in Iranian-linked cryptocurrency assets, Treasury Secretary Scott Bessent announced May 29, 2026, at the Reagan National Economic Forum in Simi Valley, California. Operation Economic Fury: Scott Bessent Says U.S. Seized $1B in Iranian Crypto, Wallets Grabbed Without Warning Bessent made the disclosure during a live interview with […]

bitcoinist.com Bitcoin Indices Paint Fragile Market Position – How Close Is Relief?

Over the last month, Bitcoin prices have dipped by 3.45% net, as the leading cryptocurrency struggles to sustain its April momentum. During this time, Bitcoin has faced multiple rejections at the $82,000 price zone, triggering a sustained downward trend since mid-May. In his latest market analysis, renowned expert Maartunn has provided insight into this decline, […]

forklog.media Amazon Announces Breakthrough in Data Center Architecture

Amazon has implemented a new data center network architecture that accelerates data transmission and reduces energy consumption, according to Wired. The solution is based on a "quasi-random" topology. AWS claims to have been working on it since 2023, with implementation in infrastructure starting at the end of 2025. For the project, the company developed its own optical device, ShuffleBox, which automatically rearranges cable connections between routers. Matt Rayner, Vice President of AWS Network Engineering, stated that the team managed to "flatten the network" and eliminate bottlenecks typical of traditional architectures. According to him, Amazon was the first to scale this approach to the level of real infrastructure. In April, the company released a research paper titled RNG: Flat Datacenter Networks at Scale. RNG stands for resilient network graphs. According to Amazon, compared to classic networks, the RNG architecture: requires 69% fewer routers and switches; increases throughput by 33%; reduces energy consumption by 40%; cuts operational costs by 27%. The first launch took place in Dublin in 2024. The architecture was then deployed in Germany and Spain. Currently, most new AWS data centers are being built using RNG. Since the mid-1980s, data centers have predominantly used the fat-tree topology—a multi-level hierarchy of switches. It is reliable but rigid and requires complex cabling infrastructure. Amazon's network connects about 20 million kilometers of fiber optic cable. The starting point for the project was the Jellyfish concept, proposed in 2012 by researchers at the University of Illinois. It suggested a random graph topology as an alternative to fat-tree but created issues with routing and cable layout. According to one of the authors, Giacomo Bernardi, the team initially tested a more regular scheme inspired by Penrose tiling. Simulations showed weak resilience and modest efficiency gains. Ultimately, engineers moved to a quasi-random model. AWS emphasized that the architecture was not specifically created for generative AI. The training patterns of models are too centralized for a random graph. The focus is on optimizing the basic network infrastructure. Earlier, the largest regional electricity transmission operator in the US, PJM Interconnection, reported that the data center boom led to additional costs amounting to $23.1 billion in its area of responsibility alone.

cryptobriefing.com Bittensor integrates confidential routing layer with OpenRouter, processing up to 120 billion tokens daily

Bittensor's integration with OpenRouter could significantly enhance decentralized AI's accessibility, potentially reshaping AI market dynamics. The post Bittensor integrates confidential routing layer with OpenRouter, processing up to 120 billion tokens daily appeared first on Crypto Briefing.

cryptobriefing.com Bittensor integrates confidential routing layer with OpenRouter, pushing decentralized AI into the mainstream

Bittensor's integration with OpenRouter could significantly enhance decentralized AI's accessibility, potentially reshaping AI market dynamics. The post Bittensor integrates confidential routing layer with OpenRouter, pushing decentralized AI into the mainstream appeared first on Crypto Briefing.

blockonomi.com XRP Targets $1.42 After Major Long Liquidations Reset Market

TLDR: XRP liquidation heatmaps show that most major leveraged long positions have been cleared from the market. Reduced leverage exposure has created a cleaner market structure with fewer downside liquidity targets. MACD and RSI indicators are turning bullish as XRP forms higher lows on the 4-hour chart. XRP faces key resistance near $1.38, with a [...] The post XRP Targets $1.42 After Major Long Liquidations Reset Market appeared first on Blockonomi.

blockonomi.com Analyst Maps LTC’s Long-Term Growth Path: Is a Litecoin Rally to $1,000 Next?

TLDR: Top crypto analyst, Crypto Patel projects Litecoin could reclaim the $100-$140 range during its current accumulation phase. The analyst expects LTC to target $200-$280 after the next halving-driven market expansion. A move toward $500-$700 remains possible if Litecoin breaks key resistance during the next cycle. Reaching $1,000 may require institutional adoption and stronger long-term [...] The post Analyst Maps LTC’s Long-Term Growth Path: Is a Litecoin Rally to $1,000 Next? appeared first on Blockonomi.

news.bitcoin.com Gravity Bridge Drained of $5.4 Million as Hacker Routes Stolen Funds Through Binance

Cross-chain protocol Gravity Bridge was drained of roughly $5.4 million on May 30, with the attacker reportedly funneling part of the haul through Binance and Changenow, blockchain security firm Peckshield reported. Funds Routed Through Binance and ChangeNow Gravity Bridge, a protocol that moves tokens between Ethereum and the Cosmos ecosystem, lost about $5.4 million in […]

blockonomi.com Bitcoin ETF Outflows Extend Even as Retail Buyers Absorb Market Supply

TLDR: U.S. spot Bitcoin ETFs posted a tenth consecutive day of net withdrawals on May 29. Ethereum ETFs extended their outflow streak to fourteen sessions, reflecting weaker demand. Retail traders increased Bitcoin purchases as prices remained under pressure near support. Large investors reduced accumulation activity, keeping market momentum constrained. Institutional sentiment in the digital asset [...] The post Bitcoin ETF Outflows Extend Even as Retail Buyers Absorb Market Supply appeared first on Blockonomi.

bitcoinist.com $10M In Bitcoin: Texas Breaks From IBIT To Build Its Own BTC System

A public website showing real-time Bitcoin holdings and valuations will be required from whichever firm wins the contract — a transparency measure that sets Texas apart from most institutional holders. The state’s comptroller office released the requirement last Thursday alongside the announcement of a new advisory committee formed to guide the reserve’s operations. Related Reading: […]

news.bitcoin.com Sosana Founder Reworks Consumer Protection for Web3 as Global Token Launches Accelerate

The standard blockchain ethos of “Don’t trust, verify” has created a chaotic environment as anonymous token launches have bypassed traditional consumer protection frameworks. Instead of a centralized review platform, David Track advocates for a decentralized infrastructure. The Web2 vs. Web3 Trust Gap A single, uncompromising mantra has long encapsulated the founding ethos of blockchain technology: […]

forklog.media Investor Highlights New Quantum Threat to Bitcoin

Early quantum technology investor Andrew Gault stated that the primary risk to Bitcoin infrastructure is not the hacking of wallet keys, but rather the interception of encrypted traffic between exchanges, custodians, and banks using a "collect now, decrypt later" scheme. Meanwhile, Google has planned a transition to post-quantum cryptography by 2029.

blockonomi.com AI Agents Are Leaking Alpha: Here is How Crypto Infrastructure Is Closing the Privacy Gap

TLDR: Centralized AI inference logs and retains prompts, creating structural data leaks with real dollar value attached. McKinsey’s 2025 report shows data security jumped 10pp YoY, becoming the top enterprise AI scaling blocker. Crypto projects like NEAR, Phala, and Nillion use TEEs and MPC to run encrypted AI inference at near-normal speed. Gartner projects 75% [...] The post AI Agents Are Leaking Alpha: Here is How Crypto Infrastructure Is Closing the Privacy Gap appeared first on Blockonomi.

forklog.media Who Crashed Bitcoin? Market Trap and the Rise of AI

This week, "Deconstruction" focuses on the paradox of Bitcoin's decline, AI attacks on crypto developers, the Ethereum update crisis, and a recipe for saving DAOs. Bitcoin Emerges from Crisis The price of Bitcoin fell below $73,000 amid rising oil prices and the U.S. Treasury's debt sales. However, analysis of data over 10 years showed no direct correlation between Bitcoin and oil prices. With the launch of spot ETFs, Bitcoin has changed its status and become structurally independent. The digital currency no longer has to automatically fall in line with traditional markets, so current fluctuations are merely temporary technical noise, not a global trend. Ethereum Updates The upcoming Ethereum update (Higota) proposes to include a secure pool for private transfers and a new data structure — Verkle trees. This will reduce blockchain state storage load by 90% and allow network nodes to run on regular smartphones. A mechanism to combat censorship is also planned. The main issue, however, is that due to the postponement of hard forks and the mass exodus of technical specialists from the Ethereum Foundation, the update schedule is in serious doubt. New Hacker Tactics AI-based attacks are now targeting not the user, but the developer and the code supply chain. Hackers upload malicious packages that deceive AI programming assistants (like Claude) and trick the neural network into collecting keys and passwords under the guise of "security scanning." As a result, a crypto wallet or DeFi application can be compromised even at the program writing stage, before its official market release. DAO Rescue Recipe Fundamental Web3 approaches are in systemic crisis: DAOs lack self-organization, the transition to "teal" is too psychologically costly, and Open Source survives only on donations. However, these models can work effectively together, covering each other's weaknesses. In such a structure, DAOs create real cash flows by funding open-source developers, while teal principles ensure that decisions are made by the most competent participants, not just the largest token holders. This is a shortened version of the podcast. Watch the full episode: Subscribe to the podcast: Apple Podcasts Spotify YouTube Deezer Яндекс.Музыка YouTube Music

news.bitcoin.com Hyperliquid Hits Record $67 as CFTC Cracks Open the US Perpetuals Market

HYPE climbed to a fresh all-time high near $67 on May 29, capping a week in which U.S. regulators cleared the first domestic perpetual futures contract and Grayscale branded Hyperliquid a breakout success. A Record Built on Regulatory Relief HYPE, the native token of the decentralized exchange Hyperliquid, touched roughly $67.24 during Friday trading, extending […]

blockonomi.com Cardano (ADA) Holders Are Quietly Discovering Ruvi AI (RUVI) And Many Believe They’re Still Early

On-chain firm Santiment flagged that large Cardano wallets accumulated roughly 140 million ADA in recent weeks, while ADA trades near $0.2421 this week. Analyst Ali Martinez noted the same accumulation band and pointed to developer activity holding strong near 680 weekly commits across more than 80 repositories.  CoinCodex models a $0.38 mid-2026 target if momentum [...] The post Cardano (ADA) Holders Are Quietly Discovering Ruvi AI (RUVI) And Many Believe They’re Still Early  appeared first on Blockonomi.

forklog.media FBI Uncovers Scam Network, Seizes $8 Billion in Bitcoin

FBI has announced the seizure of over 127,000 BTC, valued at approximately $8 billion, as part of the international Operation Blackout targeting scam centers and their networks. This was reported by Fox News.  Raids took place in Asia, Africa, and the Middle East, resulting in nearly 300 arrests. Around 2,000 individuals were freed from centers where they were held and forced to participate in fraudulent schemes. An additional $30 million was confiscated from entities linked to scam operations in Myanmar. Major Case Traced to Cambodia The bulk of the seized funds is associated with Chen Zhi, chairman of Cambodia's Prince Holding Group. This involves more than 127,000 BTC. Back in October 2025, the US Department of Justice filed its largest-ever forfeiture lawsuit—approximately 127,271 BTC—and charged Chen Zhi, also known as Vincent. Investigators allege the businessman organized a network of scam centers in the country. People were held against their will and forced into crypto investment schemes. Authorities estimate the damage in billions of dollars worldwide. At the time of the charges, Chen Zhi remained at large. Pig Butchering Scheme According to the Department of Justice, the centers operated on a pig butchering model—building long-term trust through messengers and social media before luring victims into "profitable" crypto projects. Once funds were transferred, the platform vanished, and the money was withdrawn. US authorities describe these schemes as one of the most destructive forms of crypto fraud. According to the FBI, reported losses grew from $5.8 billion in 2024 to over $7.2 billion in 2025. The key infrastructure, according to investigators, was located in industrial scam centers in Cambodia, as well as in border areas of Myanmar and Thailand. After the lawsuit was filed in 2025, AP, citing case materials, reported that authorities valued 127,271 BTC at more than $14 billion at the time. If the court approves the forfeiture, part of the funds will be directed to compensate victims. Operation Blackout has become one of the largest international operations against crypto fraud and human trafficking. The investigation is ongoing. In 2025, the US Treasury imposed sanctions on nine entities in Myanmar and ten in Cambodia for their involvement in organizing fraudulent schemes using cryptocurrencies.

forklog.media Celsius Founder Seeks to Overturn 12-Year Fraud Sentence

Alex Mashinsky, the founder and former CEO of Celsius, has filed a motion in court to overturn his 12-year prison sentence, citing ineffective defense, a conflict of interest with attorneys from Mukasey & Young LLP, and the application of the "fruit of the poisonous tree" doctrine. In his appeal, he also linked Celsius's losses to alleged actions by Sam Bankman-Fried involving CEL and stETH tokens. Mashinsky had previously pleaded guilty to securities fraud charges.

cryptobriefing.com Iran missile strike injures five US personnel at Kuwait base, rattling crypto markets already on edge

The missile strike exacerbates geopolitical tensions, potentially destabilizing markets and influencing crypto's role as a safe-haven asset. The post Iran missile strike injures five US personnel at Kuwait base, rattling crypto markets already on edge appeared first on Crypto Briefing.

cryptobriefing.com Tim Queeney: Rope’s strength comes from friction and the helix effect, its pivotal role in early societies, and the demand for real assets in modern technology | Odd Lots

Rope's historical role in maritime industries underscores its foundational impact on human development and technological progress. The post Tim Queeney: Rope’s strength comes from friction and the helix effect, its pivotal role in early societies, and the demand for real assets in modern technology | Odd Lots appeared first on Crypto Briefing.

news.bitcoin.com He Bought a Hard Drive He Thought Was New, but When He Plugged It in He Found 800 GB of Data Worth Thousands of Dollars

Reddit user All-Seeing_Hands bought a supposedly new 1TB SSD that arrived preloaded with 800GB of music-production tools, including Kontakt ($299) and Reaktor ($199). The find has reignited concerns over online sellers, from unchecked returns and pirated installs to disks with manipulated SMART and FARM data and even counterfeit shells, with Seagate drives cited in past […]

bitcoinist.com What The Fed Chairman Said About XRP And Its Implications For Holders

Tom, the founder of OpenFind, has drawn attention to a research paper co-authored by the Fed Chair Kevin Warsh, in which they highlighted XRP. Specifically, the paper discussed cross-border payments and how crypto assets such as XRP could serve as a bridge currency.  Fed Chairman’s Research Paper Highlights XRP’s Utility In an X post, Tom […]

news.bitcoin.com MiCA Decoded: Offshore Corporate Structures With MiCA Licensing: What Nobody Thought Possible

It’s hard to imagine that, with its reputation of strictness, the MiCA regulation would allow for offshore structures. Evidence shows that it’s actually common practice. MiCA Decoded is a 12-article weekly series for Bitcoin.com News, co-authored by LegalBison’s Co-Founding and Managing Directors: Aaron Glauberman, Viktor Juskin and Sabir Alijev. LegalBison advises crypto and FinTech companies […]

blockmanity.com From Hype to Trust Infrastructure: KuCoin CMO Explains Web3’s Next Big Shift

The Crypto World is Changing Fast The crypto space has moved past the days of quick hype and token rewards. Now, the real winners will be those who build strong trust systems. This was the main message from KuCoin’s Chief […] The post From Hype to Trust Infrastructure: KuCoin CMO Explains Web3’s Next Big Shift appeared first on Blockmanity.

forklog.media Stellar Surges 30% Amid Market Movements

According to TradingView, Stellar led the daily growth in the crypto market with a 31.56% increase. Following were Audiera (+18.84%), Lighter (+17.09%), Injective (+16.88%), and Monero (+15.01%). Meanwhile, Genius Terminal (-23.37%), Pendle (-7.31%), Plasma (-6.71%), and NEAR Protocol (-6.56%) were among the decliners. In terms of market capitalization, Bitcoin leads with $1.47 trillion, followed by Ethereum ($242.98 billion), USDT ($188.25 billion), BNB ($89.17 billion), XRP ($83.37 billion), and USDC ($75.98 billion).

forklog.media JPMorgan CEO Criticizes CLARITY Act Over Stablecoin Yields

JPMorgan CEO Jamie Dimon criticized the U.S. cryptocurrency market structure bill (CLARITY Act) in an interview with Fox Business, amid a debate over rewards for stablecoins. The top executive stated that the document effectively allows issuers to pay interest on deposits without comparable customer protection. According to him, banks "will not accept it in this form." "I'm not worried about 'stablecoins,' but if it happens, I will have nothing to do with it, and eventually, it will all blow up," Dimon said. The clash between banks and crypto companies has intensified as the CLARITY Act progresses in Congress. Lawmakers are debating requirements for issuers, reserves, consumer protection, and the right to offer yield products similar to bank accounts. The main point of contention is the reward programs for "stablecoins." Coinbase and its CEO Brian Armstrong believe banks are pushing for restrictions to protect the deposit model. The banking sector insists that companies offering bank-like services should be subject to similar oversight. Disagreements have slowed work on the document, despite bipartisan support for digital asset regulation. For the law to take effect, it must be approved by both houses of Congress and signed by President Donald Trump. In May, the Senate Banking Committee advanced its version of the initiative. The Agriculture Committee did so earlier. Lawmakers are now reconciling texts before a full Senate vote. Earlier, TD Cowen analysts downgraded their forecast for the adoption of the CLARITY Act, considering its approval unlikely this year.

news.bitcoin.com Cryptoquant’s Ki Young Ju Warns Bitcoin’s Bear Market Could Run Into Early 2027

Cryptoquant CEO Ki Young Ju believes bitcoin’s profit-taking cascade typically drags investor returns lower for about 18 months, a pattern that could keep the current bear market running into early 2027. Still Some Time To Go Till The Bears Retreat Bitcoin’s bear market may still have a year or more to run, according to Cryptoquant […]

cryptopotato.com This Crypto Trade Printed 638% APY Last Month: Details

Hyperliquid is best known for its on-chain perps exchange, but did you also know there are vaults where users can deposit funds and follow specific trading strategies? One of these vaults, currently enjoying a total value locked of more than $3 million, delivered 638% APY last month. Let’s examine. What Are Hyperliquid Vaults? Hyperliquid vaults […]