Crypto industry insiders got their first look at the revised market structure bill in the Senate, and the opening impression was that the language on allowable stablecoin yield was overly narrow and unclear, according to a person familiar with the current draft. The new language,… Read More
As the war with Iran enters its fourth week, crypto markets will be dominated by macro events. Off the global stage, however, traders will be navigating a number of supply events while Aave prepares for the deployment of its v4 platform and hard forks loom… Read More
The U.S. Securities and Exchange Commission and Commodity Futures Trading Commission published interpretive guidance explaining how they might define what is or isn’t a security in crypto; the CFTC also issued a no-action letter for a non-custodial wallet provider to facilitate derivatives and prediction markets… Read More
The Algorand Foundation on Wednesday joined the ranks of crypto firms slashing headcount, losing 25% of its fewer than 200 employees and citing “the uncertain global macro environment” and a broader crypto downturn. The cuts arrived as a wave of layoffs proliferates across the industry.… Read More
The two U.S. senators negotiating a controversial provision in the crypto industry’s market structure bill — Republican Thom Tillis and Democrat Angela Alsobrooks — have reportedly agreed on a compromise that could advance the industry’s top priority to the next stage in the Senate. Connor… Read More
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin BTC$70,355.26 has stabilized above $70,000. Its relative strength is noteworthy given the selloff over the week, which saw it drop from over $75,000. Most assets saw sharp downturns over the period as the conflict in… Read More
