Bernstein warns that if the Clarity Act fails to pass this year, crypto markets could face another selloff, though increased regulatory rulemaking may provide a temporary buffer.
A vulnerability in 2021 Coldcard firmware has enabled attackers to steal nearly $89 million in bitcoin across thousands of addresses using predictable keys.
A massive 288% jump in tokenized stock trading volume was driven almost exclusively by Binance's QQQB token. Without this single asset, the market would have seen a significant decline in volume compared to June.
The SEC has suspended Nasdaq's approval for QBTC bitcoin index options to reconsider its jurisdiction following a legal challenge from CME Group regarding commodity regulation.
Bitcoin and ether show little movement as the U.S. intensifies its military actions against Iran, with the Strait of Hormuz reportedly closed once more. Other major cryptocurrencies also exhibit minimal price changes amidst ongoing Middle East tensions.
Bitcoin is approaching the crucial support level of $58,000, which has historically marked accumulation zones. Fidelity's Jurien Timmer indicates that without a liquidity catalyst, Bitcoin may remain around this level for an extended period.
The stablecoin market has seen a significant decline of $10 billion since May, with analysts suggesting this is a temporary setback rather than a cause for concern. Tether's USDT and Circle's USDC have both contributed to this downturn as newer competitors emerge.