SEC pulls back from crypto rules proposed under Gary Gensler administration
The SEC has withdrawn 14 proposed rules, including key crypto measures from the Gensler era, signaling a regulatory shift. Rescinded rules targeted DeFi platforms and crypto custody practices, easing industry concerns.
Anthony Pompliano Set to Head $750M Bitcoin Investment Vehicle: FT
Anthony Pompliano is set to lead ProCapBTC, a $750M Bitcoin investment vehicle merging with a SPAC. The fund aims to acquire large BTC amounts, reflecting growing corporate crypto interest.
GameStop shares tank 22% after boosting raise to $2.25B for Bitcoin strategy
GameStop increased its private convertible note offering to $2.25 billion to fund Bitcoin investments, causing shares to drop 22%. The retailer already holds 4,710 BTC and plans further crypto treasury expansion.
Coinbase’s 4% Bitcoin Card: Brilliant Rewards or Subscription Trap? – Brave New Coin
Coinbase’s new Bitcoin rewards card offers 4% cashback but requires a Coinbase One subscription, raising concerns about its true intent to boost recurring revenue rather than provide genuine crypto rewards.
Polkadot Community Proposes Bitcoin Strategic Reserve
The Polkadot community proposes converting 500,000 DOT into tBTC over a year to diversify its Treasury, using Hydration’s DCA mechanism for steady purchases and adding liquidity to the Omnipool.
$190,000 Bitcoin Within the ‘Realm of Possibility,’ According to Analyst Kevin Svenson – Here’s His Outlook – The Daily Hodl
Analyst Kevin Svenson predicts Bitcoin could reach $190,000 this cycle, with a median target of $142,500. A stock market rally may boost BTC to $124,000-$142,000, potentially peaking by October-November.
Pi Network’s Price Plunged by 35% in Minutes: What’s Going on With PI?
Pi Network’s PI token price dropped 35% in minutes amid global crypto market downturn, recovering to $0.56 but still down 13%. Unlock of 340M PI tokens may increase selling pressure.
XRP Lawyer Expects Judge to Approve Joint Motion With SEC
XRP lawyer Bill Morgan anticipates Judge Torres approving a joint SEC-Ripple motion for a $125M settlement, despite criticisms from attorney Fred Rispoli about its strategic weaknesses.
Shopify launches early access to USDC stablecoin payments on Base
Shopify introduces early access to USDC stablecoin payments on Base network, offering cashback and expanding crypto checkout options via Shopify Payments and Shop Pay.
Single Bitcoin Trader Loses $200M as Crypto Bulls See $1B Liquidations
A Bitcoin trader lost $200M amid $1B crypto liquidations, as reported by CoinDesk’s Shaurya, who analyzes derivatives and DeFi markets while holding diverse crypto assets.
