Category: crypto

The U.S. Senate Agriculture Committee advanced the CLARITY Act, a major crypto market structure bill, with a 12-11 vote. Democrats raised concerns about ethics and DeFi. The bill now awaits action from the Senate Banking Committee. Despite opposition, passing the bill through the Agriculture Committee is seen as a milestone.

Binance plans to convert its $1 billion SAFU fund from stablecoins into Bitcoin, aligning with its long-term belief in Bitcoin’s market resilience. The fund will be rebalanced based on Bitcoin’s market value, with the exchange committing to top it up to $1 billion if BTC price drops below $800 million.

Kazakhstan plans to fund its national crypto reserve with assets seized from criminals, along with foreign currency and gold reserves. The National Investment Corporation will manage the initiative, investing in crypto through hedge funds and venture capital. President Tokayev also announced plans for a smart city project called “CryptoCity.”

The US Department of Justice has finalized the forfeiture of over $400 million in assets seized from Larry Dean Harmon, the operator of the darknet crypto mixing service Helix. Harmon processed over 354,000 Bitcoin between 2014 and 2017 to launder funds from darknet markets. Harmon was sentenced to three years in prison in 2024 for…

CNBC briefly displayed XRP at $126 due to an error, sparking discussion among traders. The glitch, caused by a ticker mistake pasting Solana’s price, added to XRP’s history of price anomalies. Despite the display error, XRP’s real price remained around $1.90, highlighting the speculative nature of the crypto market.

Micro-cap tokens Bi An Ren Sheng, Sentient, and Oasis Network’s ROSE surged up to ~16% on strong volumes and low-float squeezes. Bitcoin, Ethereum, and Solana traded sideways after a sharp sell-off and $1.7b in forced crypto liquidations. Traders see micro-caps as optionality on the next risk-on leg, echoing prior ETF-driven cycles.

Crypto regulators are urging Congress to pass market structure laws quickly as the SEC and CFTC relaunch Project Crypto to align oversight of on-chain trading. The plan aims to harmonize definitions, reduce duplicative registrations, and keep innovation in the U.S. amid global competition by using a minimum-effective-dose regulatory approach.

Bitcoin dropped sharply, causing many liquidations, especially in long positions. Middle East tensions, Trump’s statements, tariff talks, weak Microsoft earnings, and tech stocks declining affected risk assets, including crypto. Analysts predict BTC testing a key range as gold and silver hit new highs. Microsoft’s poor earnings impacted investor sentiment.

The Ethereum Foundation has adopted a five-year “mild austerity” plan, reallocating 16,384 ETH to focus on core protocol, privacy, and open, verifiable systems. Vitalik Buterin confirmed the withdrawal of funds to support Ethereum’s long-term development goals, prioritizing scalability, security, and decentralization while maintaining financial sustainability.

Bitcoin experienced a significant drop in October due to a Binance glitch and $28 billion in deleveraging, but Cathie Wood believes the worst is over. She sees institutional demand for Bitcoin growing and predicts the asset will consolidate before moving higher. Wood’s ARK Invest targets a $16 trillion market value for Bitcoin by 2030.