Two Robinhood engineers face criminal charges for allegedly using confidential token listing information to front-run trades on Hyperliquid's perpetual futures platform, potentially earning over $50,000 each between 2025 and 2026.
The investment brings Velocity's Series A round to $48 million and values the London-based payments infrastructure firm at $200 million, CEO Eric Queathem said.
Bitcoin’s drawdown mirrors its position before the Fed’s first hike in March 2022, raising questions over whether a relief rally could precede further losses.
Bitcoin and ether longs accounted for the largest share of roughly $571 million in crypto futures liquidations after the Clarity Act missed a Senate procedural threshold. Bitcoin held near $75,700 as regulatory attention shifted to the executive branch, CFTC and SEC.
Even if the Clarity Act fails to pass, Wall Street's crypto expansion will likely continue as financial institutions have already made significant strides in digital assets. Passage would accelerate adoption, but failure may only slow it rather than stop it entirely.
Zcash surged 23% after the Fed's first rate hike since 2023, with Bitcoin and other major tokens also rising. The move coincided with Paradigm’s Matt Huang highlighting Zcash as a private complement to Bitcoin.
Prediction markets are assigning higher probabilities to the passage of the Clarity Act this year, but the bill still faces a challenging legislative path. While odds have surged on Kalshi and Polymarket, the Senate still needs a 60‑vote cloture and further approvals before the president can sign it.
Senators take a procedural vote on the crypto market structure bill later Tuesday. Bitcoin has given back 3% since touching $79,530 overnight, with XRP and zcash the only majors gaining ground.
The House Ways and Means Committee released a 114-page crypto tax bill ahead of a Wednesday markup, with provisions covering small transactions, staking, mining, and broker requirements. The proposal could begin a longer legislative effort, though it is unlikely to become law this year.
Bitmine added 27,180 ETH worth about $68 million, bringing its holdings to 5.96 million and leaving it close to its 5% supply target. Tom Lee cited Ethereum’s relative strength, possible U.S. crypto legislation, and renewed institutional buying as potential upside catalysts.
The investment brings Velocity's Series A round to $48 million and values the London-based payments infrastructure firm at $200 million, CEO Eric Queathem said.
Even if the Clarity Act fails to pass, Wall Street's crypto expansion will likely continue as financial institutions have already made significant strides in digital assets. Passage would accelerate adoption, but failure may only slow it rather than stop it entirely.
Digital asset stocks declined sharply after the Senate voted down the Clarity Act, with Coinbase shares falling almost 9% as regulatory uncertainty persists.
A bipartisan group of state attorneys general is urging the Senate to revise the Digital Asset Market Clarity Act, warning that federal preemption clauses could limit their ability to combat crypto-related fraud and online scams.