Author: John Smith

CryptoQuant CEO Ki Young Ju warns the Bitcoin bear market could extend into early 2027, based on on-chain PnL data. Summary Ki Young Ju cited CryptoQuant’s PnL Index Signal, which shows investor profitability typically falls for 18 months after profit-taking cascades begin. The trend began in October 2025, placing a potential bear market bottom in early 2027 based on historical patterns. A true reversal requires unrealized profits to rise while realized profits fall simultaneously, a signal that has not yet appeared. CryptoQuant CEO Ki Young Ju posted on X this week warning that Bitcoin’s current downturn mirrors the extended bear…

Brian Armstrong fired back at Jamie Dimon on Friday with a meme, after the JPMorgan CEO attacked him on live TV. Summary Jamie Dimon appeared on Fox Business on May 29, calling Armstrong “full of sh!t” and vowing that banks will fight the Clarity Act’s stablecoin provisions. Armstrong responded on X with a hockey-themed meme depicting himself and Dimon facing off, while Galaxy CEO Mike Novogratz publicly backed Armstrong. Dimon’s core objection is that the Clarity Act lets crypto firms effectively pay interest on stablecoin deposits without bank-level oversight. Coinbase CEO Brian Armstrong posted a hockey-themed rivalry meme on X…

Coinkite launched the Coldcard MK5, its first hardware upgrade to the flagship Bitcoin wallet since 2022. Summary The Coldcard MK5 features a 1.54-inch Gorilla Glass display, redesigned tactile buttons, and improved NFC for smoother Bitcoin transactions. The wallet retains the MK4’s dual secure element architecture from two different chip vendors, keeping private keys fully air-gapped. Coinkite’s NVK said the MK5 is a reimagining of the user experience while preserving the security standards the community has relied on for years. Coinkite launched the Coldcard MK5 on March 10, 2026, marking the company’s first hardware revision to the MK line since the…

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…