In brief Elizabeth Warren pushed Meta to fully reveal its stablecoin plans before the Senate votes on the Clarity Act. Warren warned Meta’s push into stablecoin payments could affect “competition, privacy… and financial stability.” The senator asked CEO Mark Zuckerberg to explain Meta’s stablecoin plans and partnerships by May 20. Sen. Elizabeth Warren (D-MA) urged…
Crypto wallet provider Exodus has launched XO Cash, a Solana-based stablecoin and software toolkit designed to let AI agents make payments and access services without directly controlling private keys. According to Friday’s announcement, the system, developed with MoonPay, allows developers to create agent-linked wallets, assign spending limits and issue virtual debit cards tied to Visa…
Key points: Bitcoin needs to hold above $78,000 to avoid a trend reversal and return to $80,000 as resistance. Altcoin buyers have left the scene, keeping in step with Bitcoin’s slight correction. Bitcoin (BTC) pulled back near $79,000 on Friday, but buying at lower levels pushed the price toward $80,000. The next big question on…
In brief Predictors on Myriad now favor Michael Saylor’s Bitcoin firm Strategy to offload some of its BTC this year. Odds have ballooned to 82% this week as Saylor made comments about the firm selling BTC to “inoculate the market.” The firm maintains a stash of more than 818,000 BTC valued above $65 billion. Will…
In brief The Department of Defense launched a public website hosting declassified UAP files. The Trump administration described the effort as an unprecedented transparency initiative. Officials acknowledged that many released materials still have not been fully analyzed. The Donald Trump administration on Friday launched a new government website dedicated to unidentified anomalous phenomena, or UAPs,…
In brief Payward, which operates crypto exchange Kraken, filed for a national trust company charter with the Office of the Comptroller of the Currency. The proposed trust company would provide federally regulated digital asset custody services to institutional clients nationwide. This builds on Kraken Financial, Payward’s Wyoming-chartered bank that already holds a Federal Reserve master…
Institutional capital is flowing back into digital assets, but this cycle looks very different from the last one. Prediction markets are beginning to attract serious attention from Wall Street, Bitcoin exchange-traded funds (ETFs) are once again seeing large inflows and venture giant a16z is loading up another multibillion-dollar crypto war chest. Meanwhile, traditional banks are…
Bitcoin profit-taking could accelerate as BTC prices climb to three-month highs and investors begin locking in gains, according to Julio Moreno, head of research at onchain analytics platform CryptoQuant. Holders realized 14,600 BTC in profits on Monday, or $1.1 billion, following Bitcoin’s April rally, Moreno said, adding that this is the “highest” single day of…
Alex Mashinsky will be representing himself as Celsius executive prepares for sentencing On Wednesday, lawyers representing Alex Mashinsky moved to withdraw as attorneys in the case, saying that the former Celsius CEO would be “proceeding pro se” — representing himself in court. Mashinsky was sentenced to 12 years in prison for his role in fraud…
Bitcoin (BTC) struggled with an $80,000 reclaim at Friday’s Wall Street open as strong US jobs data added to headwinds. Key points: Bitcoin crisscrosses $80,000 as US jobs data notionally reduces the odds of US interest-rate cuts. US jobs vastly outpace expectations, adding almost twice the anticipated number of jobs in April. Traders avoid giving…