Crypto

[Flash] Senate Banking Committee Sets Date for Sweeping Crypto Legislation Vote The US Senate Banking Committee has announced it will hold a markup hearing vote on comprehensive crypto market structure legislation. This marks the committee’s second attempt to advance the bill, signaling a critical phase in the development of US crypto regulatory framework. Markets expect the legislation to have significant implications for the cryptocurrency industry once passed. Source: CoinDesk, The Block ...

[Brief] Coinbase Rebounds as Altcoins Surge, Bitcoin Holds Above $80,000 Coinbase shares rebounded alongside altcoin gains, with bitcoin holding above $80,000. SEC Chair Paul Atkins signaled support for onchain finance rules, boosting tokenization and digital asset infrastructure stocks. Source: CoinDesk

[Brief] Senate Banking Committee Sets Date for Crypto Legislation Vote The Senate Banking Committee has announced a hearing to amend and vote on sweeping crypto legislation, marking a second attempt to advance the bill. Meanwhile, a stablecoin compromise has revived legislative momentum despite lingering ethics disputes. Sources: TheBlock, CoinDesk

[Brief] AI Agents Could Solve Crypto’s User Adoption Problem Analysis suggests autonomous AI agents could drive the next wave of crypto adoption by simplifying wallet management and transaction flows, lowering the barrier to entry that has long hindered the industry.

[Brief] Bitcoin Slips to $79,000 as Negative Funding Rates Hit Decade Low Bitcoin dropped to $79,000 with DOGE leading losses among major cryptocurrencies. Negative funding rates on futures contracts hit a 10-year record, reflecting heavy bearish sentiment in the market.

JPMorgan analysts said in a new report that Bitcoin is increasingly replacing gold as investors’ preferred hedge against currency debasement following the Iran conflict escalation. The report shows institutional money continues flowing into Bitcoin ETFs while gold ETFs see outflows. If this trend persists, it could profoundly reshape the global safe-haven asset landscape.

Bitwise CEO: Four-Year Crypto Cycle Is Over The CEO of crypto asset manager Bitwise has declared that the traditional four-year crypto market cycle is dead, as institutional participation reshapes market dynamics. He noted that with the proliferation of Bitcoin ETFs and deep engagement from traditional financial institutions, the crypto market is transitioning from retail-driven to institution-driven. This shift implies lower volatility but more sustainable long-term growth. Bitwise specifically highlighted Strategy’s STRC product as a key catalyst for bringing Bitcoin into fixed-income markets, reflecting the broader trend of crypto assets entering mainstream finance. ...

Prominent startup incubator Y Combinator has held crypto startup interviews in New York for the first time, signaling the crypto industry’s expansion from Silicon Valley to financial centers. Previously, Y Combinator’s crypto-related interviews were primarily held in the San Francisco Bay Area. The choice of New York reflects Wall Street’s growing interest in crypto technology. Startups interviewed span DeFi, stablecoin infrastructure, tokenization, and other sectors. This trend suggests accelerating convergence between traditional finance and crypto technology. ...

[Flash] The CFTC is considering writing rules to further cement its stance on whether software developers should register as brokers with the agency, following its no-action letter to Phantom wallet. The move aims to provide clearer regulatory framework for non-custodial software development in the crypto industry.