CLARITY Act to set aside $150M for crypto fraud investigations
The Digital Asset Market Clarity Act has secured a $150 million allocation for law enforcement efforts targeting cryptocurrency scams and other digital asset crimes, according to U.S. Senator Cynthia Lummis. Summary Senator Cynthia Lummis said the CLARITY Act includes $150 million to help law enforcement track crypto scammers and other criminal actors. The legislation would…
What if the CLARITY Act fails? Three scenarios priced
Passage odds have fallen to a coin flip, the July 4 deadline is gone, and Senator Lummis has named the price of failure: a wait until 2030. Here are the three ways this ends, what each one is worth, and how to tell which is unfolding. Summary The CLARITY Act is no longer a simple…
Will Solana price rejoin its former consolidation range as it nears $75?
Solana price has surged more than 20% from its June low and returned to a critical support-turned-resistance level that could determine whether the token reclaims its multi-month consolidation range. Summary Solana price has rebounded more than 20% from its June low and is testing the former support level of a multi-month consolidation range near $75.7….
Peter Schiff Says Strategy’s Bitcoin Math No Longer Adds Up
Peter Schiff has renewed his attack on Strategy’s Bitcoin buying plan, saying the company’s model no longer works the way it did when MSTR traded at a large premium to its Bitcoin holdings. Summary Schiff says discounted MSTR share sales could weaken Bitcoin-per-share gains for existing Strategy investors. Strategy kept buying Bitcoin, adding 1,587 BTC…
Michael Saylor rejects Ethereum-style Bitcoin yield in new BTC framework
Strategy executive chairman Michael Saylor said Bitcoin does not need staking, inflation, or protocol-based yield to create returns for investors. Summary Saylor says Bitcoin does not need staking, inflation, or Ethereum-style yield to reward investors directly. His Digital Asset Stack places Bitcoin below credit, money, yield, and equity products for investors. Strategy’s latest Bitcoin buy…
Pyra to shut down after Drift exploit derails recovery efforts
Pyra has announced plans to shut down operations after months of efforts to recover from the impact of the Drift exploit, with user withdrawals remaining available until September 15, 2026. Summary Pyra has announced plans to shut down after concluding it could not recover from the impact of the Drift exploit. User withdrawals remain available,…
Circle mints 1B USDC on Solana as weekly issuance hits 3.5B
Circle reportedly minted another 1 billion USDC on Solana on June 16, according to on-chain tracker Lookonchain. Summary Circle reportedly minted 1 billion USDC on Solana, bringing weekly issuance to 3.5 billion tokens. Large USDC mints can signal higher demand for Solana liquidity, payments, and trading settlement activity. Circle’s Movement post links USDC-backed settlement to…
IMF warns Nigeria stablecoin boom is testing monetary rules
The International Monetary Fund (IMF) said Nigeria’s rising stablecoin use has become a major cross-border payment channel for households and small businesses. Summary Nigeria accounts for about 60% of sub-Saharan Africa’s stablecoin inflows since 2019, the IMF says. Dollar stablecoins help users move money faster, but may weaken demand for the naira locally. Regulators face…
Bitcoin miner IREN targets Europe AI cloud growth with Nostrum deal
IREN Limited completed its acquisition of Ingenostrum, S.L., known as Nostrum Group, giving the Bitcoin miner a new base for AI cloud growth in Europe. Summary IREN’s Nostrum deal adds 490MW in Spain and starts its European AI cloud expansion push. The acquisition fits a wider shift as Bitcoin miners seek steadier AI infrastructure revenue…
Ethereum price tests multi-year support trendline, can it reclaim $2,000?
Ethereum price has rebounded toward $1,800 after buyers stepped in near a multi-year support trendline while easing geopolitical tensions triggered a sharp recovery across risk assets. Summary Ethereum price surged more than 10% after the reported U.S.-Iran peace deal eased inflation concerns and pushed oil prices lower. ETH has rebounded from a key multi-year support…
