Category: crypto

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.

Grayscale Research reported that Michael Saylor’s Strategy may need to sell more Bitcoin due to declining share prices, affecting its ability to raise capital. The company recently sold 32 BTC, causing concerns about its leveraged model. Despite challenges, Grayscale expects Bitcoin to recover, while Standard Chartered predicts Strategy will resume aggressive accumulation.

House Republicans, led by Rep. Bryan Steil, are proposing to extend a congressional trading ban to prediction markets like Polymarket and Kalshi. The legislation, H.R. 7008, would prevent lawmakers from buying individual stocks and require disclosure of intended stock sales. Lawmakers and regulators are concerned about insider trading risks and consumer protections in these markets.

SEC Commissioner Hester Peirce believes that open-source blockchain code developers should not be subject to federal securities registration rules just because others use their work. She argues that responsibility for securities violations should fall on unlawful actors, not on developers who release public software. Peirce’s comments come amidst SEC scrutiny of DeFi interfaces and the…

Reform UK received $9.4 million from cryptocurrency billionaires Christopher Harborne and Ben Delo in Q1 of 2026, surpassing fundraising totals of Labour and the Conservative Party. Harborne’s financial ties to Nigel Farage are under scrutiny due to a separate $6.7 million gift. Crypto donations have strengthened Reform UK’s fundraising and policy positions.

Major U.S. banks are developing a tokenized deposit network through the Clearing House to enable instant transfers across blockchain infrastructure with 24/7 settlement support. This move aims to provide a regulated alternative to stablecoins and keep customer deposits within the banking system amid competition from crypto firms. The network is expected to launch in early…

CME Group CEO Terry Duffy warned that the approval of cryptocurrency perpetual futures in the U.S. poses significant risks for investors and the financial system. He criticized the high leverage and automatic liquidations of these products, calling them a “disaster waiting to happen.” Concerns arise as firms like Kalshi, Coinbase, and Kraken enter the market.…

The cryptocurrency-funded peptide market has exceeded $100 million in annual sales, with a 159% increase in first-quarter sales to $32 million. Demand for peptides is growing beyond niche communities, leading to safety concerns. Stablecoins are preferred for payments, and testing spending has decreased despite rising demand, raising more concerns.

White House adviser Patrick Witt defended the CLARITY Act as a law-enforcement-friendly crypto bill before the midterm elections slow the process. Senator Cynthia Lummis warned that if lawmakers miss the current Senate window, passing digital asset rules may not happen until 2030. Debate continues over anti-money laundering safeguards and DeFi protections in the legislation.