Category: crypto

Supporters of the CLARITY Act are warning Congress that the timeline for passing the bill is narrowing. Senator Cynthia Lummis and other crypto leaders are urging quick action, saying this may be the last chance to pass the bill until at least 2030. The Senate’s progress may depend on resolving stablecoin yield disagreements.

Google briefly included Polymarket in Google News results before removing it, citing an error. Polymarket continues to expand through partnerships with Google Finance, X, MetaMask, and World App. Despite its growth, only a small percentage of traders earn steady profits. The episode highlights the challenges prediction market platforms face in gaining wider visibility.

Ether Machine has decided to cancel its plan to go public through a merger with Dynamix Corporation. The proposed $1.5 billion institutional Ether fund will not launch, putting pressure on Ether treasury firms. The decision was made due to unfavorable market conditions, and a $50 million payment must be made.

Anthony Scaramucci advised Bitcoin investors to remain calm despite the drop to $72,000. He emphasized that the recent sell-off changed market sentiment but did not impact Bitcoin itself. Scaramucci urged investors to focus on the long-term conviction in the asset and not make decisions based on recent losses or fear.

Ripple issued a warning to the XRP community about a fake Instagram account impersonating CEO Brad Garlinghouse, promoting an XRP giveaway scam. Ripple’s David Schwartz emphasized that executives will never ask for funds online. This is part of ongoing efforts to educate users about common crypto scam tactics using Ripple’s name.

US Consumer Price Index (CPI) rose 3.3% in March, driven by energy prices. Bitcoin climbed above $72,000 after the inflation report. Traders expect the Federal Reserve to keep rates unchanged in April. Energy costs were the main source of price pressure, with gasoline prices rising sharply. The inflation report highlighted ongoing pressure on consumer prices.

Coinbase CEO Brian Armstrong now supports the Digital Asset Market Clarity Act after opposing an earlier version in January. US Treasury Secretary Scott Bessent urged Congress to move the bill forward. Senate Banking Committee action is pending. Armstrong’s shift in support follows months of negotiations on the bill’s provisions.

CoreWeave signed a multi-year agreement with Anthropic to support Claude AI workloads in its data centers, serving nine major developers of large language models. The deal boosts CoreWeave’s position in the AI sector, leading to a 10% stock rise. The company shifted from crypto mining to AI infrastructure in 2019.

Prediction market users turned to Kalshi and Polymarket as NASA’s Artemis II mission returned to Earth, trading on future Moon landing timelines and words that might appear in the agency’s post-splashdown briefing. This trading activity added a new space-related category to the broader event-contract market, drawing attention from lawmakers and regulators.

The US Commodity Futures Trading Commission has appointed the first members of its new Innovation Task Force to work on crypto regulation. The agency also introduced an innovation tracker for crypto, AI, and prediction markets. Their roles may depend on the passing of the CLARITY Act. Lawmakers are still debating the Act’s implications for digital…