The US CLARITY Act, which aims to provide the US crypto industry with more regulatory clarity, could now move closer to becoming law after new stablecoin yield provisions were published, according to Coinbase chief legal officer Faryar Shirzad. “It’s time to get CLARITY done,” Shirzad said in an X post on Friday, after US Senator…
The crypto market ticked higher on Friday. Bitcoin BTC$78,317.34 rose 1.25% since midnight UTC to trade at $77,250, and the CoinDesk 20 Index (CD20) added 0.7% with 14 members in the green. The increase comes after bitcoin found support at $75,000, a price it had earlier found difficult to climb above, on Wednesday. It has…
Bitcoin BTC$78,258.12 moved higher on Friday, extending gains as U.S. markets opened and risk appetite improved. The largest cryptocurrency is now up nearly 3% over the past 24 hours, continuing a climb that began overnight. It was last trading at $78,722, edging closer to the $80,000 mark once again. Earlier this week, bitcoin approached that…
Riot Platforms (RIOT) shares jumped about 8% on Friday after Advanced Micro Devices (AMD) expanded its capacity at the company’s Rockdale, Texas campus, highlighting Riot’s continued pivot from bitcoin mining into AI and high-performance computing. According to the Q1 financial results, AMD exercised an option to double its contracted capacity to 50 megawatts (MW), with…
Stablecoin yield would be prohibited under a newly released agreement addressing that contentious part of the crypto market structure legislation in an approach that’s broadly similar to what’s been discussed since the start of the year. The new section of proposed Digital Asset Market Clarity Act text released Friday revealed that the compromise hashed out…
Those looking for fresh narratives around bitcoin are getting so desperate that they’re bordering on lunacy. One popular crypto account on X recently suggested that gold will be displaced by bitcoin because we are going to build data centers on the moon, which will then enable us to, I guess, mine gold on asteroids, or…
Alberta Investment Management Corporation (AIMCo), according to its first quarter 13F filing, purchased 1,382,000 shares of Strategy (MSTR) for $172,473,600. This implies an average cost of about $125 per share. With MSTR having rallied to about $175, that position would now be valued at roughly $241 million, representing an unrealized gain of about $69 million….
The Ethereum Foundation has sold another 10,000 ether (ETH) in an over-the-counter deal to Tom Lee’s BitMine (BMNR), continuing a string of treasury sales this year. In a post on X on Friday, the organization said it finalized the sale at an average price of $2,292.15 per token, implying proceeds of roughly $22.9 million. The…
Tether, issuer of the largest stablecoin by market capitalization, said first-quarter net profit was $1.04 billion and excess reserves increased to a record $8.23 billion. The company did not provide year-earlier or fourth-quarter figures. It reported a net profit of more than $10 billion for all of 2025. The amount of the dollar-pegged USDT in…
ClawBank, an agent-economy infrastructure project, said its Manfred AI agent became the first such entity to autonomously set up a company, filing with the U.S. Internal Revenue Service (IRS) for its own Employer Identification Number (EIN), a unique code that allows it to legally operate as a business, hire staff and obtain licenses. The agent…
