Author: John Smith

Senator Cynthia Lummis says the Clarity Act must pass this Congress or the next legislative window opens in 2030. Summary Lummis posted on X that the next viable window for crypto market structure legislation is likely 2030 if Congress fails to act now. The Senate Banking Committee passed the Clarity Act 15 to 9 on May 14, but a full floor vote remains uncertain before midterms. Republicans risk losing House seats in November 2026, which could shelve comprehensive crypto regulation for years. Senator Cynthia Lummis issued a stark warning on May 29, telling lawmakers the current Congress represents the final…

JPMorgan Chase CEO Jamie Dimon has said banks will oppose the Clarity Act unless lawmakers change provisions that he says give crypto firms bank-like powers without bank-level safeguards. Summary Jamie Dimon said banks will oppose the Clarity Act unless lawmakers add stronger safeguards for stablecoin rewards. Dimon argued that crypto firms should not offer bank-like products without AML and Bank Secrecy Act protections. SoFi’s stablecoin launch shows how digital tokens and traditional deposit products are starting to overlap. Fox Business reported that Dimon made the comments on Friday during an interview focused on pending legislation on crypto market structure. The…

Wintermute has entered prediction markets as a liquidity provider, bringing professional market-making capacity to a sector that has grown into a major venue for trading real-world event risk. Summary Wintermute will provide two-sided liquidity across prediction market platforms, helping improve execution depth and bid-ask spreads. Prediction markets surpassed $60 billion in trading volume in 2026, with monthly activity reaching $20-$25 billion. Kalshi’s rapid growth and recent $22 billion valuation show rising institutional interest, while regulators increase scrutiny of event contracts. Wintermute said the firm will quote both buy and sell prices across active event contracts on leading prediction market platforms.…

Coinbase has opened a regulated route for U.S. institutions to trade global crypto derivatives through its futures commission merchant. Summary Coinbase Financial Markets now offers U.S. institutions regulated access to global crypto derivatives, starting with Deribit options. CFTC staff action supports the structure, with certain crypto perpetual contracts treated as foreign futures under specific conditions. Coinbase’s partnership with Standard Chartered adds fiat funding rails for major currencies, supporting institutional spot, derivatives, and financing strategies. Coinbase said on May 29 that Coinbase Financial Markets now gives eligible U.S. clients access to crypto derivatives markets, starting with Deribit options. The company described…

Pi Network’s PI token is consolidating near $0.14 after an April rally, with thin liquidity and IOU listings keeping volatility elevated as traders eye key support and resistance levels. Summary PI trades around $0.14 with a tight 24 hour range and modest volumes Token remains over 90 percent below its 2025 peak near $3.00 Market weighs Consensus 2026 buzz against liquidity and compliance risks Pi Network’s PI is changing hands at about $0.144 with a 24 hour low of roughly $0.142 and a high near $0.146 on Bybit’s IOU market as of May 29, 2026, underscoring how the token has…

Texas has moved closer to holding Bitcoin directly after naming a new advisory committee to guide the state’s Strategic Bitcoin Reserve. Summary Texas has named a five-member advisory committee to guide the management, custody, and valuation of its Strategic Bitcoin Reserve. The state is seeking a qualified crypto custodian as it prepares to move from IBIT-based exposure to directly held Bitcoin. The reserve currently holds about $10 million in Bitcoin exposure through BlackRock’s iShares Bitcoin Trust. The Texas Comptroller’s office said Thursday that Acting Comptroller Kelly Hancock will serve on the five-member Texas Strategic Bitcoin Reserve Advisory Committee, which will…

The U.S. Treasury has said it has seized nearly $1 billion in cryptocurrency linked to Iran as Washington expands its financial campaign against Tehran. Summary The U.S. Treasury says seizures of Iran-linked cryptocurrency are nearing $1 billion as Washington targets Tehran’s financial networks. Tether froze $344 million in USDT across two Tron wallets linked to Iran’s IRGC after OFAC sanctions and U.S. law enforcement action. Iran’s reported use of crypto for weapons sales and proposed Bitcoin tolls in the Strait of Hormuz has raised new sanctions and compliance risks. The U.S. Treasury has said it has seized nearly $1 billion…

U.S. treasuries climbed while the dollar bond index dropped to an intraday low of 98.8, signaling a notable swing in risk sentiment across global markets. Summary Gate data shows U.S. Treasury bond prices rising as the DXY falls intraday The dollar index touched 98.8, slipping below the 100 base level for the benchmark Moves come as markets reassess Fed policy, inflation path and demand for safe assets According to Gate market data, U.S. Treasury bonds “continue to rise” while the U.S. dollar index, DXY, “has fallen to an intraday low,” currently quoted at 98.8 against a base value of 100.…

Bitcoin has clawed back losses to trade near $74,000 after President Donald Trump abruptly announced an end to the U.S. naval blockade of the Strait of Hormuz, easing weeks of geopolitical pressure on crypto and oil markets. Summary Bitcoin rebounds to roughly $74,000 after Trump ends Hormuz blockade Traders unwind “war premium” as focus shifts back to macro and ETF flows BTC volatility stays elevated after weeks of headline driven price swings In a Truth Social post, US President announced the end of the Hormuz naval blockade, spurring a reaction from crypto and stock markets around the world. Bitcoin (BTC)…

Morgan Stanley has disclosed holdings in two XRP-focused exchange-traded funds, becoming one of the latest major financial institutions to report exposure to investment products tied to Ripple’s cryptocurrency. Summary Morgan Stanley disclosed holdings in the Volatility Shares XRP ETF and Grayscale XRP ETF, adding XRP exposure through regulated investment products. The filing comes as Morgan Stanley expands its crypto offerings, including a proposed spot Solana ETF that would hold and stake SOL under the ticker MSOL. XRP investment products attracted $85.8 million in inflows over the past three weeks, while XRP ETFs recorded $1.77 million in net inflows on Thursday.…