Category: crypto

Harbor Capital plans to launch Lab ETFs focused on specific AI labs like Anthropic, DeepMind, Meta, OpenAI, and xAI SpaceXAI. The funds aim to invest in companies that benefit from these labs’ ecosystems. This move comes as Gulf investors invest heavily in AI labs. The ETFs could impact AI and crypto markets.

House Majority Whip Tom Emmer dismissed concerns from law enforcement about crypto developer protections in the Clarity Act as exaggerated. He defended the bill’s provisions, including shielding noncustodial developers from money transmitter rules. Emmer emphasized bipartisan support for the bill and predicted it would ultimately be passed by Congress.

Kalshi is supporting a new advocacy group, Americans for Fair Markets, to combat the gaming lobby’s opposition to prediction market regulation. The group, led by former Deputy White House Chief of Staff Taylor Budowich, aims to shape federal policy and counter false narratives spread by sportsbook and casino interests. The prediction market industry, valued at…

Federal Reserve Governor Christopher Waller warned that high inflation and rising energy costs could lead to rate hikes, a shift from previous expectations of rate cuts. He noted that US CPI rose to 3.8% in April, with energy prices up 17.9%, urging the removal of the Fed’s “easing bias” language.

Gold fell below $4,500 per ounce on Friday as both spot prices and New York futures dropped about 0.94 percent, extending a sharp pullback from this year’s record highs. The drop was attributed to a stronger dollar, rising oil prices, and expectations of another Federal Reserve rate hike later in the year.

Kevin Warsh was sworn in as the 17th Federal Reserve chair on Friday at a White House ceremony, succeeding Jerome Powell. The Senate confirmed Warsh in a narrow 54-45 vote. Bitcoin traded near $77,400 as traders anticipated Warsh’s leadership transition ahead of his first FOMC meeting in June. Warsh is seen as the most crypto-literate…

Jeremy Sturdivant, who received 10,000 Bitcoin for two pizzas in 2010, spent most of it before BTC rose above $1. Sturdivant did not become a Bitcoin billionaire as he used the coins for goods and travel. He viewed Bitcoin as a living currency and not as a speculative investment. Today, that same 10,000 BTC would…

Ripple participated in a $6 million funding round for the cross-chain platform Squid, led by North Island Ventures. Squid aims to simplify asset transfers across blockchains and has processed over $6 billion in volume since its launch. The funding will support the development of new consumer-facing products.

Kalshi and Polymarket lost bids to block gambling cases in Nevada and Washington. A Ninth Circuit panel denied emergency motions from both platforms, ruling that federal derivatives oversight does not shield prediction markets from state gaming laws. The decision deepens a legal split over sports event contracts as federally regulated swaps or gambling products.

Rep. Matt Van Epps championed a Bitcoin reserve bill in Nashville. The American Reserve Modernization Act would lock federally held Bitcoin for 20 years and authorize Treasury to acquire up to 1 million BTC. The bill aims to reduce the national debt and solidify American leadership in financial innovation.