BTC drops below $77,000 as rising oil and Iran risks stall the rally
Categories
Crypto News

The bitcoin BTC$76,913.01 rally toward $80,000 didn’t last long on Monday, with prices slipping back to $76,600 during the U.S. session as geopolitical tensions crept back into focus. After trading near $80,000 overnight, its highest level since early February, the largest cryptocurrency reversed course and was down about 1.5% over the past 24 hours. Major […]

Running out of time on Clarity: State of Crypto
Categories
Crypto News

The crypto market structure bill has not made much public movement in a month. While making a prognosis on the bill is difficult, it’s not hard to see that the clock for passage is running out. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to […]

Arkham says Aave raised $160 million of the $200 million it needs to cover exploit damage
Categories
Crypto News

Lending platform Aave has raised about $160 million it needs to cover the $200 million in bad debt left behind by the year’s largest decentralized finance (DeFi) exploit, Arkham posted on X on Saturday. “AAVE have so far raised $160M to cover the bad debt from the Kelp DAO Exploit, at defiunited.eth,” the blockchain analytics […]

Crypto is built for AI agents, not humans, according to Alchemy’s CEO
Categories
Crypto News

The modern financial system was never designed for machines. It was built around the constraints of human life: geography, sleep cycles, paperwork, and physical presence. But as AI agents begin to act as economic participants, that human-centric design is starting to look less like a feature, and more like a bottleneck, said the co-founder of […]

Anthropic’s new Mythos AI is exposing the hidden cracks in crypto’s foundation
Categories
Crypto News

Mythos, the new AI model from Anthropic that has sparked fear and confusion in traditional tech and finance, is also driving a massive shift in how the crypto industry thinks about security. For years, decentralized finance has focused its defenses on smart contracts. Code is audited, vulnerabilities are cataloged, and many common exploits are well […]

U.S. CFTC adds New York to string of states its suing to stop prediction market pushback
Categories
Crypto News

The U.S. Commodity Futures Trading Commission sued New York on Friday in its latest action to shield what the agency has argued is its unassailable nationwide regulatory authority over prediction market firms. Earlier this week, New York sued Coinbase and Gemini, arguing that their prediction market contracts violated state gambling laws. And last year, the […]

Trump’s DOJ drops probe that stood in way of president’s pick to run Federal Reserve
Categories
Crypto News

President Donald Trump’s command of U.S. financial and economic policy may have taken a step closer now that his Department of Justice has backed down from an investigation of Federal Reserve Chair Jerome Powell, meaning his nominee to replace Powell may now have an open path to confirmation. Fed chair nominee Kevin Warsh, whose own […]

Wisconsin joins prediction market fight, suing Kalshi, Coinbase, Polymarket, Robinhood and Crypto.com
Categories
Crypto News

Prediction markets have a consistent line: their products are financial instruments, not bets. Wisconsin isn’t buying it, and in a new complaint targeting Kalshi, Coinbase, Polymarket, Robinhood and Crypto.com, the state is citing the companies’ own marketing to call them unlicensed gambling venues. “Thinly disguising unlawful conduct doesn’t make it lawful,” Attorney General Josh Kaul […]

The market repriced DeFi in just 48 hours
Categories
Crypto News

Until last Friday, April 17, lending stablecoins into Aave, widely considered the gold standard of DeFi, paid 2.32% APY. The Federal Reserve’s overnight rate was 3.64%. Taken at face value, the market was pricing an unregulated, open-source smart contract as a lower credit risk than the United States Treasury. In 48 hours, that ended. The […]

Bitcoin fails to break $80,000, back under $78,000
Categories
Crypto News

Bitcoin punched $79,388 on Wednesday evening and has been quietly giving it back ever since. Bitcoin traded at $77,794 on Thursday morning, up 0.4% over 24 hours after peaking at $79,388 at 21:34 IST on Tuesday and drifting lower through the overnight session. The 24-hour low of $77,464 was set Thursday morning, meaning the full […]

Banks seek to slow down implementation of crypto’s GENIUS Act on stablecoin oversight
Categories
Crypto News

The crypto industry is frequently finding bankers involved in its top-priority regulatory efforts, and this time, a coalition of bank trade associations has asked the U.S. Department of the Treasury to extend the window in which the public can weigh in on implementation of last year’s Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) […]

Crypto’s great hope in Senate’s Clarity Act still has a path to survive tight calendar
Categories
Crypto News

April appears to be a lost cause for the crypto Clarity Act, but a U.S. Senate committee hearing sometime in May could keep the critical market structure legislation alive, as long as it can reach a final vote of the overall Senate by July, according to lobbyists and a lawmaker aide focusing on the market […]