24/7 Blockchain industry dynamics and breaking crypto news
Coinbase's policy head announced the finalized reward provisions in the CLARITY Act after months of negotiations. The compromise allows U.S. users to earn platform rewards while increasing oversight for financial institutions, marking a key step for crypto regulatory collaboration.
Read MoreThe UK's central bank is shifting its approach to a digital pound. Instead of a final decision this summer, officials are considering slowing down development. This reflects a more cautious evaluation of the complexities and potential impacts of introducing a digital currency.
Read MoreIndustry sources indicate compromise text for stablecoin yield legislation is nearing release, potentially today. This marks a key regulatory advancement for digital assets, likely impacting crypto markets and traditional finance. Senator offices have been contacted, with details highly anticipated.
Read MoreBitcoin retreated after nearing the $80,000 mark, currently trading around $77,900. Despite a nearly 2% gain in 24 hours, sharp intraday swings highlight market uncertainty. Analysts advise monitoring support levels closely.
Read MoreA leading crypto payment platform has launched a virtual Mastercard debit card for AI agents. It allows AI to spend stablecoins at online merchants globally, with instant conversion to fiat. No pre-funding is needed, and users maintain full spending control. Now live in the UK and Latin America, with US and EU expansion planned.
Read MoreA novel PACT scheme enables Bitcoin holders to prove control over dormant addresses via timestamping, without moving funds. It aims to safeguard Satoshi-era assets against future quantum attacks, offering a recovery path while preserving privacy.
Read MoreDogecoin's price has surged to a two-month high, driven by strategic moves from a mining company. The firm plans to go public via a merger and deploy thousands of high-performance miners, aiming to capture a notable share of global DOGE mining hashrate.
Read MoreU.S. stocks closed mixed on May 2nd, with the Dow dipping slightly while the S&P 500 and Nasdaq advanced, fueled by strong tech earnings. Both the Nasdaq and S&P 500 notched their sixth consecutive weekly gain, marking the longest winning streak since October 2023. Tech giants like Apple and Intel led the charge.
Read MorePresident Trump notified Congress that hostilities with Iran ended in April, a legal maneuver to bypass the 60-day limit for military action under the War Powers Act. This interpretation is likely to face Democratic challenges.
Read MoreA new poll shows a significant shift in U.S. public opinion, with over 60% opposing military action against Iran. Concurrently, high fuel prices and inflation are severely impacting daily life, forcing nearly half of respondents to cut driving and household spending.
Read MoreIran's Revolutionary Guards have established new regulations for Persian Gulf management, to be implemented based on the Supreme Leader's historic directives. This move signifies a new phase in Iran's control over strategic regional waters.
Read MoreFederal Reserve Vice Chair for Supervision Michelle Bowman stated that emerging AI technologies capable of identifying cyber vulnerabilities present a double-edged sword for financial security. She urged coordinated regulatory action to address risks while supporting innovation.
Read MoreThe Ethereum Foundation has sold 10,000 ETH at an average price of $2,292.15, totaling nearly $23 million. Proceeds will fund ongoing operations like R&D and ecosystem grants, executed through a disclosed multisig wallet as part of its treasury management strategy.
Read MoreIran has reportedly submitted a new proposal to the U.S., signaling compromise to break the current deadlock. It suggests parallel discussions on Strait of Hormuz access and U.S. cessation of attacks/blockade, followed by nuclear talks for sanction relief. Iran is ready for talks in Pakistan next week if the U.S. responds positively.
Read MoreA recent 13F filing reveals that Canadian pension giant AIMCo invested $172.5 million to acquire 1.38 million shares of Strategy in Q1. The position's value has surged to approximately $241 million, generating around $69 million in unrealized gains, marking a significant return since its 2020 exit.
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