Crypto Week Falters: Trump’s Stablecoin Push Stalls as GOP House Members Break Ranks – Brave New Coin
Republican efforts to advance crypto legislation stalled as 13 GOP members broke ranks, despite Trump’s push. The setback revealed party fractures and raised concerns over potential conflicts of interest.
‘Existential Threat’: Bitcoin Proposal Would Freeze Satoshi’s Quantum-Vulnerable Coins – Decrypt
A Bitcoin Improvement Proposal aims to phase out quantum-vulnerable addresses, safeguarding against future quantum computer threats. It targets 25% of Bitcoin, including Satoshi’s holdings, to prevent potential market disruption.
Standard Chartered expands crypto footprint amid stablecoin market boom
Standard Chartered launches Bitcoin and Ethereum spot trading, expanding its crypto services amid growing U.S. regulatory focus on stablecoins, which could see a $750 billion market by 2026.
Imminent $0.75 Breakout: ChatGPT’s 42-Signal ADA Analysis
ChatGPT’s AI analysis of 42 indicators shows Cardano (ADA) poised for a breakout above $0.75, with bullish momentum from governance updates and technical strength targeting $1.25 resistance.
US Lawmaker Warns More FTX-Style Crashes Coming Without Crypto CLARITY
US lawmakers warn of more FTX-style collapses without crypto regulations like the CLARITY Act, which aims to provide clear rules, consumer protections, and oversight for the crypto industry.
Cantor Fitzgerald nears $4B Bitcoin deal with Blockstream’s Adam Back
Cantor Fitzgerald’s SPAC is finalizing a $4B Bitcoin deal with Blockstream’s Adam Back, acquiring 30,000 BTC and raising $800M more for crypto purchases, potentially totaling $10B in 2024.
Legacy finance discovers stablecoins as JPMorgan, Citigroup consider market entry
JPMorgan and Citigroup plan to enter the stablecoin market, driven by competition and regulatory progress. The GENIUS Act could legitimize stablecoins, boosting their $258B market cap.
Is Ethereum’s $3K rejection a spark for ETH’s next breakout?
Ethereum faces a 2% dip and $82M liquidation but shows resilience with steady Open Interest and $260M ETF inflows. BlackRock’s $150M ETH purchase hints at potential breakout above $3K.
Fed’s Susan Collins Calls for Patience on Interest Rate Cuts
Fed’s Susan Collins advocates patience on rate cuts, citing strong economy and mixed inflation data. Tariffs impact prices but households continue spending, reducing urgency for immediate action.
Why One Bitcoin-Hating Company is in a Very Awkward Position
Vanguard, a Bitcoin-skeptical asset manager, faces an awkward position after dismissing BTC’s value, despite the growing acceptance of Bitcoin ETFs in the financial market.
