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Galaxy Digital has significantly downgraded its forecast for the CLARITY Act becoming law in 2026, cutting passage odds to just 50% as the US Senate faces a rapidly narrowing legislative window before its August recess. The crypto investment firm’s head of firmwide research, Alex Thorn, cited the lack of a unified Senate Banking-Agriculture committee text,…
The 3 ways to earn passive income in Nigeria are through earning referral commision from cryptocurrency exchanges like flitaa, through freelance remote jobs that pay per hour and by investing in dividend stocks and mutual funds.
Zach Pandl, head of research at Grayscale, has called for MicroStrategy to liquidate $3 billion in Bitcoin holdings to address mounting cash obligations and stabilize investor confidence in the company’s capital structure. The recommendation comes as Strategy’s preferred stock STRC has plummeted to significant discounts from its $100 par value, signaling market distress over the…
Tether is monetizing its massive gold stockpile by partnering with crypto lender Ledn to offer borrowing against tokenized gold, a move that mirrors bitcoin-backed lending models and gives holders of Tether Gold (XAUT) access to liquidity without selling their underlying bullion. The stablecoin issuer said Ledn will add support for XAUT alongside bitcoin and Tether’s…
The European Parliament’s economic affairs committee has urged the European Commission to assess whether decentralized finance, crypto staking, non-fungible tokens and crypto lending should face new regulatory requirements under the bloc’s digital asset framework. The nonbinding report, drafted by Belgian Member of the European Parliament Johan Van Overtveldt, represents Parliament’s evolving stance on crypto regulation…
Aave (AAVE) led the CoinDesk 20 Index higher with an 8.9% gain, while Solana (SOL) added 4.5%, as 11 of 20 tracked assets moved into positive territory.
BitGo, one of the crypto industry’s leading digital asset custody and infrastructure providers, has joined a growing wave of layoffs sweeping through the sector. The company announced a 15% reduction in its workforce, marking another significant staffing cut in an industry grappling with the intersection of economic pressures and artificial intelligence disruption. The custody platform…
Polymarket, one of the largest prediction markets in crypto, fell victim to a sophisticated attack Thursday that drained approximately $2.94 million from at least 11 user wallets. The breach occurred when attackers injected a malicious script into the platform’s frontend through a compromised third-party vendor dependency, enabling a phishing attack that targeted unsuspecting users. Blockchain…
Indonesia Mandates Certifications for Crypto Influencers Indonesia’s Financial Services Authority has introduced mandatory certification requirements for influencers recommending cryptocurrency and other digital assets, marking the latest regulatory move in a worldwide effort to police financial promotions on social media. The new rules, outlined in Financial Services Authority Regulation No. 6 of 2026 and announced Wednesday,…
Prediction market platform Kalshi is reportedly seeking a $40 billion valuation in its latest funding round, according to the Financial Times. The aggressive valuation target comes remarkably quickly after the company closed a $1 billion Series B funding round just weeks prior, signaling explosive investor appetite for the crypto-native trading platform. The move underscores the…
Bitcoin has fallen below the lowest band of the popular Bitcoin Rainbow Chart for only the second time in history, triggering a debate among crypto analysts over whether the asset is deeply undervalued or whether the long-running valuation model has simply become outdated. The world’s largest cryptocurrency is trading near $62,500, down roughly 50% from…
The U.S. Department of Justice has seized infrastructure operated by Huione, a company allegedly linked to billions of dollars in cryptocurrency laundering activities. The action represents a significant enforcement effort targeting the technical backbone used to facilitate illicit financial flows through digital assets. The seizure targets the company’s computing and networking infrastructure that law enforcement…
Financial infrastructure provider OpenPayd has obtained authorization under the European Union’s Markets in Crypto-Assets Regulation, or MiCA, enabling it to operate as a crypto asset service provider across the European Economic Area. The Malta Financial Services Authority issued the license, which allows OpenPayd to offer services including fiat-to-stablecoin on-ramping and off-ramping to businesses throughout the…
The Ethereum Foundation will slash its budget by roughly 40% this year as it transitions to a leaner, endowment-style operating model, Ethereum co-founder Vitalik Buterin announced Tuesday. The dramatic reduction marks a significant shift in how the organization manages its treasury, with spending targets dropping from approximately 15% of assets annually to around 5% per…
