[FLASH] Two of Japan’s largest online brokerages, SBI Securities and Rakuten Securities, have announced plans to offer cryptocurrency investment trusts to retail investors. The move signals growing institutional acceptance of digital assets in Japan’s financial market.
The U.S. Senate Banking Committee voted to advance the Clarity Act, a landmark crypto market structure bill, sending it to a full Senate vote and marking a historic step for U.S. crypto regulation.
Bitcoin briefly crossed the $82,000 threshold in the past 24 hours, reaching a recent high. Market analysts attribute the rally primarily to improving macroeconomic conditions. The Block reports that simultaneously, Sui surged 25% over the same period. Analysts pointed to Sui Group Holdings’ decision to stake 108.7 million SUI tokens as the catalyst. This large-scale staking reduced circulating supply, driving the price upward. The broader crypto market is showing signs of recovery. After weeks of volatility, improving macroeconomic data is gradually restoring investor confidence. Analysts suggest that if the current trend persists, Bitcoin may test higher resistance levels. ...
[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. ...