Author: NBTC

Digital Currency Group (DCG), a prominent crypto investment firm, has formally urged U.S. Senate leadership to expedite passage of the CLARITY Act, according to a letter sent by the company. The move underscores growing industry pressure for Congress to establish clear legal standards for digital assets, rather than relying on the current enforcement-driven approach from regulators. DCG’s Appeal for Clear Rules In its letter, DCG emphasized that the company has spent over a decade investing in digital assets and nurturing the broader blockchain ecosystem. The firm argued that the United States risks losing its competitive edge in blockchain innovation without…

Under the policy, foreign law enforcement agencies must route certain requests through Mutual Legal Assistance Treaties, or MLATs. The treaties provide a formal process for governments to exchange evidence and information in criminal investigations, but requests can take considerably longer than direct cooperation with an exchange. The change represents a departure from Binance’s previous approach, under which it worked directly with authorities to freeze suspicious accounts and provide information about users under investigation, the NYT said. “Binance has not slowed its cooperation with global law enforcement,” a spokesperson said in an email to CoinDesk. “On the contrary, we have increased…

The cryptocurrency market, especially Bitcoin ($BTC), is awaiting the Federal Reserve’s June interest rate decision, which will be announced today with the participation of the new FED Chairman, Kevin Warsh. While the Bitcoin price has fallen to the $64,000 level due to the ongoing uncertainty, according to the analysis firm K33 Research, $BTC is showing signs that the bear market is nearing its bottom. According to The Block, K33 Research stated that the fact that 79% of Bitcoin’s circulating supply is held by long-term investors and that sales from idle wallets have sharply decreased are signs that the bear market…

Crypto.com secured a $400 million strategic investment from market maker Citadel Securities in a deal that values the crypto exchange at $20 billion, marking the firm’s first institutional funding round since it was founded a decade ago, the company said in a press release Thursday. The funding comes as digital assets draw greater participation from traditional financial institutions and as tokenized assets emerge as a growing area of focus for the industry. The Singapore-based exchange said the capital will accelerate its expansion into tokenized securities, derivatives and other asset classes, as it seeks to bridge traditional and digital markets with…

Grayscale has announced the release of a new prospectus for its Hyperliquid Staking ETF, which aims to provide investors with a simplified way to engage in digital asset investing. This prospectus is crucial as it outlines key investment information that potential investors need to consider. The move highlights Grayscale’s commitment to expanding accessible investment options in the crypto space, as noted in their official tweet. The Key Development The Hyperliquid Staking ETF is designed to offer a straightforward avenue for investors to own the native $HYPE token. With a unique structure that combines price exposure and yield generation through staking…

Polymarket traders cut the CLARITY Act’s chances of becoming law in 2026 to a record-low 27% after the Senate postponed action on the crypto market structure bill. CLARITY Act odds fall as Senate changes priorities The Polymarket contract asking whether crypto market structure legislation will become law in 2026 fell to 27% on July 29. The price represents traders’ assessment rather than an independent forecast, but it shows growing doubts about the bill’s shrinking legislative window. Source: Polymarket Galaxy Digital has also lowered its estimated probability of passage to 30% as negotiations extend further into the Senate calendar. As crypto.news…

Global payments giant PayPal highlighted stablecoins and artificial intelligence-driven payment tools as part of its second-quarter strategy while crypto assets remained part of its earnings reconciliation. PayPal reported Q2 earnings of $1.26 per share on Tuesday, compared with $1.30 per share in the same period last year and below analysts’ $1.28 estimate. Revenue reached $8.68 billion, up from $8.29 billion a year earlier and above the $8.47 billion analyst consensus. The company also recorded an $81 million non-GAAP adjustment related to gains and losses from strategic investments and crypto assets held for investment. PayPal said it excludes gains and losses…

Strategy founder Michael Saylor, who has been making headlines with his Bitcoin sales after a long period of silence, has commented on the recent decline. Speaking to Natalie Brunell, Michael Saylor pointed to a single reason for the decline: “artificial intelligence.” Saylor argued that there was significant market interest in the AI sector, and this wave was temporarily diverting capital away from Bitcoin. However, Saylor predicts that the current AI trend will reverse before the end of the year. According to Saylor, Wall Street is currently focused on the artificial intelligence sector. He cited companies like OpenAI, Anthropic, Google, Meta,…

Although the latest economic data released in the US indicated a smaller-than-expected decline in inflation, economists say that core inflation pressures and the buoyancy of economic activity continue to pose risks. Experts appearing on a CNBC discussion program predict that the Fed will be forced to abandon interest rate cuts and resume tightening measures. SMBC Chief Economist Joe Lavorgna stated that the U.S. economy is maintaining its growth trajectory, retail sales are strong, and jobless claims remain extremely low, confirming the tightness of the labor market. Lavorgna, recalling that the Fed eased monetary policy by 75 basis points last year…

Stablecoin Development Corporation, a public company built around holding and staking Sky Protocol’s $SKY governance token, reported that $2.2 million of second-quarter staking revenue roughly matched its company-defined cash operating expenses. The comparison used reported dollar values: SDEV received the rewards in $SKY and sold none during the quarter, meaning SDEV would need to sell tokens before using the rewards to pay operating costs. SDEV calculated cash operating expenses, a non-GAAP measure, by subtracting about $3.2 million of noncash stock compensation from $5.4 million of general and administrative expense. The result was approximately $2.2 million. The company earned 31.7 million…