Category: crypto

JPMorgan analysts suggest that passing the CLARITY Act is becoming increasingly difficult due to a busy legislative schedule and disagreements over key provisions. The bill, which aims to regulate digital assets, faces opposition from banks over stablecoin provisions. Senate action on the bill may not occur until August, delaying progress.

Chainalysis reported that the gray-market peptide trade has reached over $100 million annually, with sales increasing by 159% from the previous quarter. Peptide vendors are increasingly using stablecoins for payments to reduce exposure to Bitcoin price fluctuations. Concerns were raised about product safety and the lack of experience among buyers.

Standard Chartered has maintained its $100,000 Bitcoin price target despite the recent 15% decline in price. The bank believes the selloff may be coming to an end, with factors behind the decline starting to fade. They expect Strategy to resume Bitcoin purchases and see the current prices as an attractive entry point.

Apple is planning to use Nvidia’s Blackwell B200 chips in Google data centers for an overhaul of its Siri AI system. This move comes after tests on Apple’s Private Cloud Compute system failed to deliver the necessary performance. The announcement is expected to be made at the Worldwide Developers Conference in June.

Kalshi has launched CFTC-regulated Ethereum perpetual futures in the U.S., with plans to expand to other altcoins pending separate regulatory review. The company also introduced Bitcoin perpetual contracts and plans to use CF Benchmarks pricing data for future crypto products. Ethereum perpetual futures offer regulated leveraged exposure to ETH without an expiration date.

The Trump-linked crypto firm World Liberty Financial Inc. faced scrutiny in Congress as regulators defended their oversight of stablecoin rules and charter applications. Democratic lawmakers questioned the firm’s ties to Trump, foreign investors, and crypto partners. Regulators are moving ahead with proposed rules for stablecoin issuers. Fed faced questions about granting access to Kraken.

Hedge funds reduced their exposure to U.S. spot Bitcoin exchange-traded funds by 39% in the first quarter, as professional investors pulled back due to a steep decline in Bitcoin prices. CoinShares reported that institutional investors cut their combined Bitcoin ETF holdings by 17% to 261,000 BTC. Regulatory progress could be a catalyst for digital asset…

Plume and Ether.fi have launched a yield-bearing real-world asset vault with a $100 million exclusive allocation from Ether.fi. The vault includes institutional assets such as credit pools, CLOs, and bond ETFs. Demand is growing for earn products with institutional-grade risk and lower DeFi exposure. Users can access tokenized real-world asset yield through the Ether.fi app.

Bybit has listed Western Union’s USDPT stablecoin for trading, transfers, and custody. The stablecoin, launched on Solana and backed by reserves at Anchorage Digital Bank, is now available on Bybit. This move comes as stablecoin adoption grows in payments and financial services, aligning with Western Union’s long-term digital payments strategy.

Bitcoin fell below $64,000 after Strategy disclosed a small BTC sale, causing concern in the crypto market. Jim Cramer criticized the move, suggesting it shook investor confidence. Additionally, U.S. spot Bitcoin ETFs saw significant outflows in May and June, adding pressure to Bitcoin. Peter Schiff also renewed his criticism of Strategy’s Bitcoin strategy.