Category: crypto

Ripple CEO Brad Garlinghouse criticizes JPMorgan CEO Jamie Dimon’s opposition to the Clarity Act, a bill aimed at regulating the U.S. crypto market. Garlinghouse disputes Dimon’s claims that the bill weakens compliance safeguards, arguing it provides regulatory clarity. The bill faces debate over stablecoin yield provisions, with a potential Senate vote looming.

Former xAI engineer Devin Kim is suing xAI and SpaceX over safety concerns about Grok, leading to his termination. The lawsuit comes just before SpaceX’s IPO. Kim claims he was retaliated against for raising AI safety concerns, and the lawsuit seeks damages. Despite the legal issues, SpaceX’s IPO is anticipated positively by investors, despite political…

Ondo Finance has appointed John Hoffman to lead the development of its tokenized asset portfolio as the company expands its strategy. Hoffman will oversee the creation and distribution of tokenized investment products, with plans to extend beyond Treasuries and equities. The tokenized asset market has surpassed $30 billion, with potential for significant growth.

Binance added tokenized bStocks for Circle, Nvidia, Tesla, Micron, and Sandisk to its offerings. They also teased a future SpaceX-linked token. SpaceX is facing a lawsuit related to safety concerns, but investors remain interested in its upcoming IPO. Binance plans to launch a SpaceX-linked product in the future.

Charles Hoskinson has proposed moving Cardano’s community activity from X to Discord. This comes amidst governance disputes, project closures, and controversies surrounding treasury votes. The shift aims to create a more positive and well-moderated space for discussions. ADA’s potential listing on an ETF futures market is also being closely monitored.

The Trump administration is working with lawmakers and law enforcement to support a Senate vote on the CLARITY Act. Discussions focused on the Blockchain Regulatory Certainty Act and strengthening crypto crime enforcement. Democratic support is key, with Republicans needing at least seven Democratic votes for the legislation to advance. Debate continues over provisions in the…

BlackRock has filed a key registration document with the SEC for its proposed Bitcoin income-focused exchange-traded fund, bringing it closer to a Nasdaq launch. The fund, which aims to generate income through call options tied to BlackRock’s spot Bitcoin ETF, could begin trading as early as next week.

Retail traders are seeking personal loans and additional funds to buy shares in the upcoming SpaceX IPO, with demand far exceeding available supply. Despite legal and regulatory concerns, investors are eager to participate in the highly anticipated offering, with some estimating retail interest to reach $70 billion once trading begins.

US stocks saw a significant increase in value after President Trump’s comments eased concerns about military escalation with Iran. The S&P 500 and Nasdaq both rose, adding $1.2 trillion in market value in just 20 minutes. The market rally was fueled by reports of Trump canceling airstrikes and potential progress in talks with Iran.

South Korea’s KOSPI experienced a significant market decline with two emergency circuit breakers halting trading in one week. The index fell 13% in eight days, triggering forced stock sales from margin calls and hitting Asian markets. Samsung and SK Hynix’s high weighting contributed to the decline. Retail margin debt also reached record levels.