Category: crypto

Coinbase has introduced an SEC-registered AI investment advisor and new trading products as part of its expansion beyond crypto to become an “Everything Exchange.” The AI advisor allows users to manage portfolios through natural language commands, with plans to launch stock options, crypto options, prediction markets, and pre-IPO trading products.

The CLARITY Act is moving towards a potential Senate vote in July, with ongoing negotiations over conflict-of-interest provisions causing division among lawmakers. Discussions have shifted from stablecoin yield rules to ethics restrictions for government officials, with the bill including funding for crypto crime enforcement and protections for blockchain developers and validators.

Citigroup predicts the tokenized asset market could reach $8.2 trillion by 2030. Tokenized assets have exceeded $43 billion, with strong growth in the past six months. Financial advisors are increasingly interested in tokenization and stablecoins. Major institutions are integrating blockchain technology, with Ethereum hosting most tokenized assets.

A bipartisan group of U.S. senators has asked the Treasury Department to maintain state regulators’ involvement in the finalization of GENIUS Act rules for stablecoins. They want clarity on certification timelines and procedures to ensure states can participate beyond the initial window. This is to preserve state regulatory options for stablecoin issuers.

New York Magazine reports details about Sam Bankman-Fried’s life in prison, suggesting he may launch a new cryptocurrency after his release. Bankman-Fried’s pardon bid is pending, and his fraud conviction was upheld. He filed a pardon bid with the Trump administration, and his legal options have narrowed. Bankman-Fried’s prison routine and writing activities are also…

Kalshi’s perpetual futures volume exceeded $5.5 billion in two weeks, with 11 crypto-linked contracts listed. The platform aims to expand beyond digital assets and is in talks with regulators for more products. Daily trading volume reached $1 billion for three days, driven by World Cup and NBA Finals activity. Regulatory discussions are ongoing for further…

Illinois Governor JB Pritzker signed a $55.9 billion state budget that includes a 0.2% tax on digital asset transactions. Industry groups opposed the measure, warning it could increase costs for users and drive firms away from the state. The tax will apply to digital asset brokers starting in 2027.

Ethereum’s Glamsterdam upgrade is in the final development stage, with private devnets testing planned Ethereum Improvement Proposals. The upgrade focuses on ePBS and Block-Level Access Lists to improve Layer 1 scaling capacity, change gas pricing, and enhance block processing transparency. Testing progress indicates a second half of 2026 launch.

Upbit, South Korea’s largest crypto exchange, added trading support for SPX6900 (SPX) on June 16. Bithumb also listed SPX and SPACE in the KRW market on the same day. SPX is a meme token, while SPACE focuses on satellite-based global internet access. Both tokens saw price increases after the listings.

The U.S. Government Accountability Office (GAO) has advised the Federal Deposit Insurance Corporation (FDIC) to collaborate more closely with other federal regulators on blockchain risks. GAO highlighted the lack of a coordinated oversight process for blockchain financial risks and urged FDIC to strengthen bank supervision in light of recent bank failures. The FDIC’s role is…