Author: John Smith

TeraWulf shares have dropped more than 7% after New York ordered a one-year pause on new environmental permits for large-scale data centers. Summary TeraWulf shares fell more than 7% after New York paused new environmental permits for large data centers. The company said its Lake Mariner and Lake Hawkeye projects are not affected by the governor’s executive order. TeraWulf continues expanding its AI business after signing a 20 year Anthropic lease expected to generate about $19 billion in contracted revenue. According to an executive order signed by New York Governor Kathy Hochul on Tuesday, the state will temporarily stop issuing…

Three Democratic senators have opposed the Digital Asset Market Clarity Act unless lawmakers add stronger ethics rules covering senior officials and their families. Summary Murphy, Merkley and Van Hollen oppose the CLARITY Act unless lawmakers add strict ethics safeguards. John Thune pledged a Senate vote before recess, but timing and Democratic support remain uncertain. The bill needs 60 votes, making bipartisan support essential amid disputes over ethics and DeFi. Senators Chris Murphy, Jeff Merkley and Chris Van Hollen raised their objections during a July 14 press conference organized with Americans for Financial Reform and Indivisible. The lawmakers tied their opposition…

The most important legal test in crypto was written in 1946 to settle a dispute about orange groves. That single sentence explains most of the past decade of American crypto regulation: the confusion, the lawsuits, the exodus of projects to friendlier jurisdictions, and the legislative fight now playing out in the United States Senate. \Every argument about whether a token is a security eventually arrives at the same four questions, and those questions come from a Supreme Court case decided before the transistor was invented. The Howey test is the legal standard American courts and regulators use to decide whether…

Avalanche has reached $2.1 billion in distributed tokenized real-world asset value after a 60.47% monthly increase, supported by a newly announced $11 billion institutional tokenization deal with Bridgetower. Summary Avalanche’s tokenized RWA value has climbed to $2.1 billion after a 60.47% monthly increase. Bridgetower’s $11 billion tokenization deal has pushed Avalanche into the top five for net RWA inflows. BlackRock, VanEck and Franklin Templeton continue expanding institutional activity on Avalanche. According to data from RWA.xyz, Avalanche’s distributed tokenized asset value climbed to $2.1 billion over the past 30 days, lifting the network to fifth place among tokenization blockchains by distributed…

JPMorgan has lowered its earnings forecasts for Circle and Coinbase after a new USDC revenue-sharing agreement with Hyperliquid changed how income from the stablecoin’s reserves will be divided. Summary JPMorgan cut earnings forecasts for Circle and Coinbase after the Hyperliquid USDC deal. The bank warned new revenue-sharing terms could pressure stablecoin profit margins. Analysts remain divided as higher interest rates may still support USDC earnings growth. According to a JPMorgan research note, the revised agreement could reduce the long-term profitability of the USDC business for both companies, even as they continue pursuing higher adoption of the dollar-backed stablecoin. JPMorgan Cuts…

Dogecoin price has climbed more than 2% after softer US inflation boosted risk appetite, even as Binance traders have offloaded $1.2 billion in memecoins since October. Summary Dogecoin price rose over 2% after US inflation eased to 3.5%, boosting demand for risk assets. CryptoQuant says Binance traders have sold $1.2 billion in memecoins since October 2025, weighing on DOGE. Technical charts show improving short-term momentum, but key resistance near $0.0755 still needs to break. According to CryptoQuant analyst Darkfost, traders have reduced memecoin exposure because they consider these assets the riskiest part of the crypto market. Although Dogecoin has joined…

Senator Thom Tillis has proposed new CLARITY Act language that would allow federal banking regulators to intervene if stablecoin yields trigger systemwide deposit flight from US banks. Summary Thom Tillis proposes a CLARITY Act “circuit-breaker” to address stablecoin-related deposit flight. Banking groups continue pressing for stricter stablecoin rules despite an earlier compromise. Cynthia Lummis says the Senate expects to release the CLARITY Act text within days. According to a report from Punchbowl, the North Carolina Republican has suggested adding a “circuit-breaker” provision to the Senate’s crypto market structure bill after concerns from banking groups continued to dominate negotiations over stablecoin…

Ripple-backed Evernorth has unveiled a $44 million CEO equity package in a fresh SEC filing while advancing its merger to create a Nasdaq-listed XRP treasury company. Summary Evernorth’s latest SEC filing includes a $44 million equity award for CEO Asheesh Birla. The amended filing advances Evernorth’s merger with Armada Acquisition Corp II and planned XRPN listing. Evernorth also launched a Japanese-language XRP information channel without announcing local operations. According to Evernorth Holdings’ fourth amended Form S-4 registration statement filed with the U.S. Securities and Exchange Commission, the company updated executive and director compensation arrangements while advancing the paperwork required for…

The United States Senate returned from its holiday recess on July 13 with one piece of paper waiting on its desk that matters more to crypto markets than any price chart. The Digital Asset Market Clarity Act, the market structure bill the industry has chased for the better part of two years, sits on the Senate Legislative Calendar with no floor vote scheduled, a shrinking window before the August recess, and prediction market odds that have collapsed from the low seventies to roughly 43 percent. On July 17, the House Financial Services Committee takes the unusual step of holding a…

Ethereum has remained below $1,800 as traders await U.S. inflation data despite growing expectations of a breakout above $1,850. Summary Ethereum remains below $1,800 as traders await U.S. CPI data and Fed signals. A breakout above $1,850 could trigger short liquidations and open a path toward $2,200. Analysts continue to back the bullish setup while $1,750 remains Ethereum’s key support. The second-largest cryptocurrency traded around $1,780 after briefly slipping toward $1,770 following the latest geopolitical flare-up in the Middle East. Oil prices jumped after the weekend strikes, reviving concerns that inflation could remain elevated ahead of the June CPI release…