Author: John Smith

A new push for the CLARITY Act is building in Washington as crypto policy supporters warn the timeline may be narrowing.  Summary Cynthia Lummis warned Congress may miss its best chance to pass the CLARITY Act soon. David Sacks and crypto leaders urged the Senate to move market structure legislation forward now. Senate progress may depend on resolving stablecoin yield disagreements before a markup hearing begins. Senator Cynthia Lummis said Congress must move soon or risk delaying market structure reform for years. Lummis said the United States may miss a rare opening to pass the CLARITY Act if lawmakers fail…

Polymarket briefly appeared in Google News results before Google removed the links, according to reports.  Summary Google removed Polymarket from News results and said the platform appeared there by error, according to reports. Polymarket keeps expanding through Google Finance, X, MetaMask, and World App despite the News removal episode. New wallet data shows only a very small share of Polymarket traders earn steady profits. The listings showed up beside articles from established news outlets during searches tied to live events. Google later said the appearance was a mistake. A spokesperson told The Verge, “This site briefly appeared in Google News…

Ether Machine has ended its plan to go public through a merger with Dynamix Corporation.  Summary Ether Machine canceled its SPAC merger with Dynamix and stopped its planned Nasdaq market debut. The firm’s proposed $1.5 billion institutional Ether fund will not launch under the canceled deal. Pressure on Ether treasury firms grew as Trend Research and ETHZilla both exited strategies. The move stops its proposed Nasdaq listing and puts its large Ethereum treasury plan on hold. Ether Machine and Dynamix said they mutually agreed to terminate their business combination agreement. The company said it made the decision because of “unfavorable…

Ripple has issued another warning to the XRP community after a fake Instagram account appeared to impersonate Chief Executive Officer Brad Garlinghouse.  Summary A fake Instagram account posed as Brad Garlinghouse and promoted an XRP giveaway scam to users. David Schwartz warned the XRP community that Ripple executives will never ask for funds online. Ripple repeated that fake support channels, deepfakes, and giveaway posts remain common crypto scam tools. The case added to a long list of social media scams that use Ripple’s name to target crypto users. A fake Instagram account posing as Ripple CEO Brad Garlinghouse has been…

Justin Sun has accused World Liberty Financial, or WLFI, of hiding controls that could freeze token holders’ wallets. Summary Justin Sun said WLFI hid blacklist controls that could freeze wallets without notice or recourse. Onchain data tied the project to large token-backed borrowing that drew fresh criticism from observers. WLFI faced added pressure as token prices fell and liquidity concerns deepened during controversy again. The claims add new pressure to the project as onchain activity, borrowing patterns, and token losses draw more attention. Sun said he backed WLFI because it presented itself as a decentralized finance platform built to expand…

President Donald Trump said the United States will begin naval action at the Strait of Hormuz, according to a Truth Social post shared Sunday.  Summary Trump said the US Navy will begin blockading ships entering or leaving the Strait immediately. The post said US forces may interdict vessels accused of paying tolls to Iran. Trump linked the planned blockade to Iran tensions and the unresolved dispute over nuclear issues. The statement said the move followed talks in which “NUCLEAR” remained the main unresolved issue. Meanwhile, Trump said the United States Navy would start the process of blockading ships trying to…

BNB Chain has told node operators to complete a required software update before the Osaka/Mendel hard fork reaches mainnet on April 28.  Summary BNB Chain told node operators to install BSC v1.7.2 before the Osaka/Mendel hard fork launches. The April 28 mainnet upgrade follows testnet activation and adds stability, gas limits, and finality. BNB Chain said outdated settings and poor binary replacement could cause nodes to lose sync. The network said operators should move to BSC v1.7.2 and remove outdated settings to keep nodes running normally. BNB Chain developers said node operators must complete the update before the Osaka/Mendel hard…

European banks and corporates are moving from research to rollout in the stablecoin market.  Summary European banks and corporates are now choosing stablecoin partners instead of only studying the market opportunity. MiCA gave firms one rulebook, helping stablecoin projects move faster from planning to execution stages. Corporate treasury demand is pushing stablecoin use for payments, settlement, and cross-border fund movement today. New comments from industry executives show that firms are now choosing partners and preparing live use cases under MiCA rules. Lamine Brahimi, co-founder and managing partner at Taurus, said stablecoin talks in Europe have changed over the past 18…

Anthony Scaramucci urged Bitcoin investors to stay focused after the asset dropped into the $72,000 range. He said the recent sell-off changed market sentiment, but not Bitcoin itself. Summary Anthony Scaramucci said Bitcoin holders should stay calm even after BTC fell into the $72,000 range. Bitcoin’s weekend drop triggered nearly 120,000 liquidations as leveraged long traders absorbed most of the losses. Scaramucci said Bitcoin itself stayed unchanged despite weaker sentiment, lower prices, and ongoing bear market pressure. SkyBridge Capital founder Anthony Scaramucci told the crypto community not to panic as Bitcoin faced fresh pressure. In a post on X, he…

Donald Trump is facing fresh scrutiny as crypto tokens tied to his name and family trade near record lows.  Summary TRUMP fell about 90% from its peak as renewed scrutiny hit Trump-linked crypto projects again this week. WLFI dropped to a fresh all-time low as criticism of Trump family crypto ties intensified. Senators pressed Bill Zanker for details after Trump announced an April 25 gala for token holders. The pressure has grown after a new gala for token holders raised new questions from Democratic lawmakers. The Official Trump token, known as TRUMP, fell to an all-time low of about $2.73…