Author: John Smith
It has been more than a year since President Trump signed the executive order establishing a Strategic Bitcoin Reserve on March 6, 2025, and the project is finally moving from rhetoric toward machinery. Summary The U.S. already has a Strategic Bitcoin Reserve, but it mostly holds seized Bitcoin rather than newly purchased BTC. July matters because the White House blueprint and Congress could clarify whether the reserve can become an actual buying program. The BITCOIN Act pushes for aggressive accumulation, while ARMA favors a 20-year lockup and a more moderate path. The budget-neutral rule is the hidden constraint that could…
HYPE price has climbed to fresh record highs amid growing demand for Hyperliquid investment products and a high-profile short squeeze that forced a major bear to abandon a $110 million position. Summary HYPE price hit a record high near $75 after Grayscale launched its Hyperliquid Staking ETF. Hyperliquid ETFs from Bitwise and 21Shares have attracted over $136 million in net inflows. Bullish technicals and whale capitulation put the $100 level in focus for HYPE. According to data from crypto.news, Hyperliquid (HYPE) price traded near $69.70 at press time on June 3, up more than 12% over the past week and…
Mastercard has expanded its payment network to support stablecoin settlements across multiple blockchains and beyond traditional banking hours, adding support for six regulated dollar-backed tokens. Summary Mastercard will enable card settlement using regulated stablecoins across multiple blockchain networks, including Ethereum, Solana, and XRP Ledger. The company said transactions can be settled during weekends, holidays, and throughout the day while existing payment processes remain in place. According to a statement released by Mastercard on Wednesday, the company will enable card settlement using Circle’s USDC, Paxos-issued PYUSD, USDG and USDP, Ripple’s RLUSD, and SoFiUSD. The service will operate across Ethereum, Solana, Polygon,…
Microsoft has warned that attackers hid crypto-stealing malware inside public npm packages, creating a fresh risk for developers, crypto investors and wallet users. Summary Microsoft says npm packages deploy RAT malware that quietly steals crypto wallet credentials from devices. Attackers used Hugging Face repos to move stolen data while avoiding suspicious server traffic logs. Crypto.news coverage links Microsoft’s warning to wider supply-chain attacks hitting developers and crypto wallet tools. Microsoft Flags Poisoned npm Packages Microsoft Threat Intelligence said two compromised npm packages, [email protected] and [email protected], were “abusing Hugging Face repos as exfiltration infrastructure.” The company said the packages deploy a…
The Digital Asset Market Clarity Act has moved to the United States Senate Legislative Calendar, giving the crypto market-structure bill a formal path toward possible floor action. Summary The CLARITY Act has moved to the United States Senate Legislative Calendar after clearing the Senate Banking Committee. The bill passed the Senate Banking Committee on May 14 with a 15 to 9 bipartisan vote. Senator Cynthia Lummis said the United States is closer than ever to a working digital asset market structure. Senate records show the administrative calendar step was completed by June 1, after the Senate Banking Committee advanced the…
Bitcoin has drawn a new valuation argument from Bitwise, as rising sovereign debt pressures keep bond markets under strain and strengthen the case for BTC as a macro hedge. Summary Bitwise said rising sovereign debt pressure could strengthen Bitcoin’s role as a hedge against macroeconomic risk. The OECD expects governments and companies to borrow about $29 trillion in 2026, as refinancing needs continue to rise. Bitwise cited Greg Foss’s model, which puts Bitcoin’s theoretical fair value at around $224,000 if adoption expands. Bitwise said in a new report that deeper investor concern over government debt could widen Bitcoin’s perceived undervaluation.…
New York’s financial regulator has formed a stablecoin supervision agreement with the European Banking Authority as regulators on both sides of the Atlantic tighten cooperation over digital assets. Summary NYDFS and the European Banking Authority signed an agreement to share information on stablecoin supervision. The agreement covers market risks, consumer protection, and oversight of firms involved in stablecoin activity. DFS said its stablecoin framework includes reserve rules, redemption standards, transparency, and limits on rehypothecation. The New York State Department of Financial Services said Tuesday that it signed a memorandum of understanding with the EBA to support the exchange of supervisory…
Galaxy Digital has launched an institutional over-the-counter prediction-markets desk, opening the service with a $10 million event swap tied to the Digital Asset Market Clarity Act. Summary Galaxy launched an institutional OTC prediction-markets desk with a $10 million event swap with Arca. The first trade allows Arca to take a position on whether the CLARITY Act will pass before 2027. Galaxy said the desk will support large trades on Kalshi and Polymarket that public order books cannot absorb. Galaxy said Tuesday that the desk operates within its Global Markets unit and serves institutional clients seeking exposure to non-sports event contracts…
Crypto-backed political groups have expanded their election spending as several US primaries test the industry’s influence in Congress. Summary Crypto-backed PACs have increased spending in US congressional primaries as digital asset policy becomes a key election issue. FEC filings show Protect Progress spent millions supporting Democratic candidates in California, New Jersey, Maryland, and New York. Fairshake-linked groups are targeting lawmakers based on their crypto policy positions as Congress reviews major digital asset bills. According to filings with the US Federal Election Commission, Fairshake-linked groups backed by Coinbase, Ripple, and other crypto supporters have directed millions of dollars into House and…
Brazil’s central bank has added mandatory independent audits to the licensing approval process for crypto service providers in the country. Summary Brazil’s central bank will require crypto service providers to submit independent audit reports when applying for or renewing licenses. The audits will review anti-money laundering controls, customer asset segregation, risk management systems, and employee compliance programs. The new rule could raise compliance costs for smaller crypto firms, while major exchanges may continue pursuing access to Brazil’s large market. According to the published rules cited in the report, crypto firms applying for authorization, or renewing an existing license, must submit…