Senator Cynthia Lummis says the CLARITY Act’s final draft is expected around July 4, as the Senate inches closer to turning its crypto market structure fight into actual legislative text. Banks are already circling, warning about rewards and yield loopholes.
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THORChain is back online after a six-week shutdown sparked by a reported $10.7 million exploit, but the real battle is trust. With swaps, signing, churning, and LP actions restored, the protocol now has to prove users and liquidity providers are willing to return.
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Bitcoin briefly slipped below $60,000 as ETF outflows, tighter Fed expectations, and weakening risk appetite pressured sentiment. The move highlights how BTC is behaving more like a macro asset now — with leverage, fund flows, and panic all still able to kick it around.
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Bitcoin slipped below $60,000, while Strategy’s stock was said to tumble too, reigniting concerns about how hard MSTR can amplify Bitcoin’s moves. The level is psychological, not magical—but when it breaks, traders tend to hit panic mode.
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SBI has launched JPYSC, a trust-backed yen stablecoin built for institutional settlement, tokenized assets, and cross-border payments. Unlike earlier capped models, it’s designed as regulated financial infrastructure with real reserve segregation and redemption rights.
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Elliptic and Thai police say they traced more than $520 million in suspicious crypto flows across 32 blockchains, tying the network to scams, wallet hacks, and laundering in Southeast Asia. It’s another reminder that crypto’s open rails cut both ways.
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Senate attention is shifting from crypto hype to practical plumbing: stablecoins and tokenization. The pitch is simple — lower costs, faster settlement, and less friction in payments and asset transfers — but regulatory clarity still stands in the way.
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Trump’s delay on a bipartisan housing bill has thrown a CBDC ban into the spotlight, turning a housing measure into a broader fight over Federal Reserve digital money, crypto policy, and political leverage in Washington.
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Ripple’s XRP Ledger Lending Protocol passed a Halborn re-audit with no critical or high-risk findings, clearing a key technical hurdle. But security is not adoption: the real test is whether XRPL lending can attract actual borrowers, lenders, and institutional use.
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KuCoin Pay says it’s expanding crypto payments into Bangladesh, Mexico, and Zambia by linking digital assets with local banking and mobile money rails like bKash, Nagad, SPEI, MTN, and Airtel. The pitch: make crypto, especially stablecoins, useful for real-world spending, not just trading.
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