Author: John Smith

BitGo has opened access to Aave, Spark and Tesseract for eligible institutional clients through its integration with Narval.  Summary BitGo lets eligible institutions access Aave, Spark and Tesseract while assets remain in qualified custody. Narval checks transaction details, approved contracts and policy rules before BitGo authorizes wallet signing requests. The launch expands regulated DeFi access as financial firms seek controlled routes into onchain markets. The service connects approved decentralized finance protocols to wallets held within BitGo Bank & Trust’s qualified custody environment. The setup allows institutions to use onchain markets without transferring assets to wallets. BitGo said more protocols will…

A House tax package for digital assets has drawn questions from lawmakers during an early committee hearing. The Ways and Means Committee reviewed bills meant to reduce crypto tax filing burdens. Summary House lawmakers reviewed crypto tax bills meant to reduce filing burdens for digital asset users, investors, and brokers. Democrats raised concerns that proposed mining and staking deferrals could create loopholes or new tax subsidies. The bills remain at the committee hearing stage and would need approval from both chambers before becoming law. Democrats raised concerns about proposed treatment for mining, staking, and small digital asset transactions. Lawmakers question…

Bitcoin’s recent selloff has yet to establish a durable market bottom as institutional demand remains absent and capital continues to leave spot Bitcoin ETFs, according to a new market note from Wintermute. Summary Wintermute says Bitcoin’s recent decline reflects a lack of institutional demand rather than isolated market events. Spot Bitcoin ETFs extended a 13-session outflow streak, shedding roughly $4.37 billion since mid-May. CryptoQuant data suggests capitulation may be approaching, with 50% of Bitcoin supply now sitting at a loss. According to data from crypto.news, Bitcoin (BTC) traded near $61,828 on Tuesday, down 3.18% over the past 24 hours and…

Bitcoin price extended its decline on Tuesday after U.S. President Donald Trump announced a military response against Iran, triggering a broader risk-off move across global markets and adding fresh pressure to an already fragile crypto sector. Summary Bitcoin price fell to an intraday low of $60,892 after Trump ordered a military response against Iran. More than $664 million in crypto positions were liquidated as traders reduced risk exposure. Glassnode says over 8 million BTC are now underwater while ETF outflows and extreme fear continue to weigh on sentiment. According to data from crypto.news, Bitcoin (BTC) price fell to an intraday…

Wirex has joined Visa’s Agentic Ready programme to help test how artificial intelligence agents can initiate and complete payments using stablecoins. Summary Wirex has joined Visa’s Agentic Ready programme to test AI agents making payments using stablecoins. Initial trials will focus on SaaS subscriptions, marketing spend management, and procurement automation. The initiative expands Visa’s ongoing work in stablecoin payments and blockchain-based settlement systems. According to an announcement from Wirex, the company will participate as an issuer in Visa’s new initiative, which is focused on developing payment systems that allow software agents to carry out financial transactions on behalf of users…

Ethereum price has fallen to around $1,630 after losing roughly 4% in the past 24 hours, while fresh technical signals and market-wide liquidations have kept traders focused on the risk of another move toward key support levels. Summary Ethereum price fell about 4% to near $1,630 as crypto liquidations reached $468 million, and Bitcoin dropped below $62,000. Analyst Ted Pillows warned that failure to reclaim $1,700 could trigger a move toward the $1,540 support zone. Technical indicators remain bearish, with ETH trading below Supertrend resistance near $1,850 and testing long-term support around $1,530. According to data from crypto.news, Ethereum (ETH)…

Crypto investment firm Paradigm has urged the U.S. Federal Deposit Insurance Corporation to remove provisions from its proposed stablecoin framework that could restrict third-party firms from offering rewards tied to stablecoins. Summary Paradigm urged the FDIC not to extend the GENIUS Act’s stablecoin yield ban to third-party firms such as exchanges and wallet providers. The firm argued Congress previously rejected proposals that would have broadened restrictions on stablecoin rewards. Paradigm also challenged proposed rules on white-label stablecoins, reporting requirements, tokenized reserves, and resolution procedures. According to a comment letter submitted to the FDIC, Paradigm argued that the agency’s interpretation of…

Kalshi has filed with the U.S. Commodity Futures Trading Commission to list perpetual futures tied to Hyperliquid’s HYPE token, adding the asset to a growing roster of crypto derivatives products under review. Summary Kalshi has filed with the CFTC to launch perpetual futures tied to Hyperliquid’s HYPE token. The filing follows Kalshi’s recent rollout of Bitcoin and Ethereum perpetual futures for U.S. traders. HYPE fell 7.4% over the past 24 hours as Hyperliquid futures open interest declined 8.3% to $2.48 billion. According to a recent filing with the Commodity Futures Trading Commission, prediction market operator Kalshi has applied to launch…

Ripple CTO Emeritus David Schwartz responded to criticism of his title with a long poem explaining his role in crypto and the XRP Ledger’s development. Summary David Schwartz answered criticism of his emeritus title with a detailed poem about XRP Ledger. The verse covered cryptography, payments, custody, decentralized exchanges, tokenization, bridges, stablecoins, and network security topics. Schwartz remains Ripple’s CTO emeritus and an XRP Ledger co-creator after leaving daily leadership duties. The verse covered cryptography, payment rails, custody, decentralized exchanges, automated market makers, tokenization, derivatives, bridges and stablecoins. It also referred to Schwartz’s work explaining blockchain systems over more than…

Ripple’s native token (XRP) traded near $1.16 on June 9 after recovering from a recent low around $1.05, according to crypto.news data.  Summary XRP needs a monthly close above $1.40 to confirm that the $1.05 bottom remains intact. Reclaiming $1.61 to $1.65 would strengthen recovery, while $1.70 offers firmer bullish confirmation for buyers. Losing $1.14 could expose $1.10, with wider weakness opening downside targets near $0.90 and $0.80. The token gained less than 1% over 24 hours but remained down about 8% across seven days and 19% over one month. The rebound has eased immediate pressure, yet XRP still sits…