Trump calls for passage of a key cryptocurrency bill as it falters in the Senate: ‘We need Congress to take the next step’
The Clarity Act is running into resistance because it doesn’t limit the president’s lucrative crypto ventures. Source：MarketWatch
Crypto PAC notches primary wins, but loses $2M Florida race
A Fairshake spokesperson said that the PAC was “just getting started“ on its expenditures as part of efforts to fill US Congress with lawmakers friendly to the…
Crypto campaign fund Fairshake faces $2 million setback in Florida primaries
In a race that drew criticism to crypto's leading political action committee for featuring fake headlines in ads, Fairshake's expensive effort fell short.…
FalconX, Ethena bring USDe backing assets into $1B institutional credit facility
The $1 billion facility will deploy assets backing USDe into overcollateralized institutional loans, expanding Ethena’s sources of returns beyond crypto basis…
Bitcoin surges above $68,000, liquidating $1.4 billion shorts as Treasury buybacks boost risk appetite
BTC rose about 6% while ether, solana and crypto stocks climbed after the Treasury doubled the size of its bond buybacks. Source：CoinDesk
US commodities regulator imposes 5-year trading ban on ex-Alameda, FTX execs
The consent orders ended the CFTC’s case against two former crypto executives after FTX and Alameda agreed to $12.7 billion in disgorgement and restitution…
AI could supercharge crypto but there’s a catch, Fidelity Digital Assets says
AI agents could boost crypto activity, but much of the value may bypass blockchains and their tokens. Source：CoinDesk
Crypto Long & Short: Where DeFi yield really comes from (and why it broke this spring)
In this week's Crypto Long & Short, Solstice Finance's David Plisek argues that most of the money lost in DeFi this spring wasn't taken by hackers but by yield…
SEC regulatory proposal marks ‘important’ step forward from ‘inapt’ crypto rules: Commissioner Peirce
“Crypto mom” Hester Peirce praised the SEC’s proposed crypto regime, published days after the Senate failed to pass the CLARITY Act, the US’ first…
Beyond crypto funding rates: Ethena diversifies USDe backing with $1 billion FalconX facility
The warehouse facility gives Ethena another source of returns for the assets backing USDe while channeling onchain capital into overcollateralized…
Nexo launches regulated crypto-backed credit in Australia
Nexo introduced regulated, cryptocurrencybacked credit lines that allow users to access liquidity in Australian dollars or stablecoins by borrowing against…
Robot maker Unitree’s IPO surges 600%, outpacing crypto traders’ premarket bets
A Hyperliquid perp priced Unitree far above its IPO valuation before Shanghai trading began, but the robot maker’s first public trade still opened roughly 75%…