Crypto
AI Summary
- Regulatory bodies like the SEC and CFTC are intensifying their focus on the crypto space, calling for coordinated oversight and exploring rules for DeFi and prediction markets, while the UK government identifies crypto as a growing risk, indicating a more stringent regulatory future.
- Stablecoins are experiencing significant adoption, with major players like Circle seeing increased value and institutions like Societe Generale launching their own, signaling their growing integration into traditional finance and potential to disrupt banking profits.
- The crypto market is showing resilience and tentative signs of improvement, with Bitcoin rebounding past $70,000 despite geopolitical and oil market anxieties, and ETF flows indicating continued institutional interest, albeit with some outflows in altcoin funds.
- Hacks and scams remain a concern, with a notable shift towards phishing attacks in February, but platforms like Trust Wallet are enhancing user protection through real-time scam address checks.
- Technological advancements and infrastructure developments are progressing, including advancements in Ethereum's validator setup with DVT-Lite, potential quantum upgrades for Bitcoin, and the acquisition of SolanaFloor by the Jito Foundation to revive its services after an exploit.
Sources
Cointelegraph
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Kalshi suffers court loss in Ohio over sports betting lawsuit
2 hours ago
by Cointelegraph by Turner Wright
Latest NewsThe prediction markets platform argued for an injunction against Ohio authorities, claiming that federal commodities laws superseded state laws on sport event contracts.
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Here’s what happened in crypto today
3 hours ago
by Cointelegraph by Cointelegraph
Trump memecoin, Solana memecoin, TRUMP token, Solana, SOL, Nova Labs, SEC, Securities and Exchange Commission, Crypto regulation, TRUMP rally, Bitcoin, Latest NewsNeed to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Ether funding rate flips negative: Are ETH bears back in control?
3 hours ago
by Cointelegraph by Marcel Pechman
Market AnalysisBearish Ether derivatives data and slowing network use weigh on ETH price, even as developers plan for faster transactions and more flexible wallet fees.
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Circle shares surge as Bernstein sees upside from stablecoin adoption
3 hours ago
by Cointelegraph by Sam Bourgi
Latest NewsShares of the stablecoin issuer have seemingly decoupled from the broader crypto market, gaining 49% this year and doubling since early February.
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BitGo to custody digital assets for StableX’s $100M stablecoin plan
4 hours ago
by Cointelegraph by Nate Kostar
Latest NewsThe collaboration will provide custody and trading infrastructure as StableX builds a $100 million digital asset treasury focused on stablecoins.
CoinDesk
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DeFi lending platform Aave sees a rare $27 million liquidations after a price glitch
2 hours ago
by Margaux Nijkerk
Finance, Aave, Oracles, Chainlink, Chainlink Labs, Lido, NewsThe blockchain data flagged shows a spike in liquidations over the past 24 hours. Some observers believe the event may have been linked to a price update in an oracle system that Aave uses to determine the value of collateral.
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Stablecoin boom could eat into traditional banks' profits, warn Jefferies analysts
4 hours ago
by Helene Braun
Finance, Stablecoins, NewsDigital dollar use in payments and crypto markets may slowly pull deposits from banks, forcing lenders to seek pricier funding, a new report by Jeffries finds.
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Investment firm Multicoin bets 'Internet Labor Markets' will drive crypto’s next wave of adoption
5 hours ago
by Margaux Nijkerk
Finance, Multicoin Capital, Solana News, Artificial Intelligence, AI, NewsAccording to the firm, the next wave of users that will onboard into crypto will be thanks to networks where users earn crypto by contributing work rather than buying tokens outright.
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Senators try to unlock stalled crypto Clarity Act with compromise on stablecoin yield
6 hours ago
by Jesse Hamilton
Policy, U.S. Senate, Market Structure Legislation, banks, stablecoin regulation, Rewards, NewsAs the window narrows to pass a crypto market structure bill this year, lawmakers told bankers at a Washington summit that the final bill won't risk deposits.
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Polymarket and Palantir team to protect integrity of sports betting as prediction markets face key moment
6 hours ago
by Helene Braun
Markets, Polymarket, Prediction Markets, NewsThe new monitoring platform aims to detect suspicious trading as prediction markets face scrutiny over insider information.
Decrypt
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Quantum Computing Isn't Just Coming for Bitcoin—It Threatens Messaging Apps Too
37 minutes ago
by Jason Nelson
TechnologyExperts warn that encrypted chats could face a “harvest now, decrypt later” risk as quantum computing advances.
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Amazon Wins Court Order Blocking Perplexity AI Shopping Agent
2 hours ago
by Jose Antonio Lanz
Law and OrderThe order sides with Amazon’s claim Perplexity accessed password-protected accounts without authorization despite users granting permission.
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Basketball.fun Eyes Base, Marketplace Launches as NBA Star Tristan Thompson Departs
3 hours ago
by André Beganski
BusinessBasketball.fun is processing refunds for those who aren’t willing to wait until the NBA-focused crypto project’s marketplace goes live.
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Why Bitcoin Is on a Path to $1 Million Per Coin: Bitwise
3 hours ago
by Logan Hitchcock
MarketsBitcoin can hit a price of $1 million per coin even with "reasonably conservative assumptions," Bitwise CIO Matt Hougan argued. Here's why.
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Trump Meme Coin Down 96% From Peak as President's Approval Ratings Sink
4 hours ago
by Logan Hitchcock
official-trump, MarketsPresident Trump's official Solana meme coin fell to its lowest price since soon after launch as perceptions of his job performance suffer.
AMBCrypto
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How Tron’s entry into AAIF could position TRX to lead AI agent boom
32 minutes ago
by Ritika Gupta
Altcoin, News, News 1, Social, Stablecoins, Trading ViewTRON is set to power the next wave of AI-driven finance with scalable blockchain infrastructure. .
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Assessing Bitmine’s 5,300 Ethereum transfer amid ETF outflows
2 hours ago
by Ishika Kumari
Altcoin, Ethereum, News, News 1, Social, Trading ViewBitmine’s ETH-heavy portfolio shows that corporate crypto strategies are diversifying beyond the Bitcoin treasury model.
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Aptos unlocks $10.88M in APT, yet 69% of supply is staked – What wins?
2 hours ago
by Lennox Gitonga
Altcoin, News, News 1, Social, Trading ViewAnalyzing the potential impact of the upcoming Aptos token unlock on APT market cap.
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Crypto market jumps $150B amid oil swings: Short-term lift or sustained trend?
3 hours ago
by Ritika Gupta
Bitcoin, BTC Trading View, Global News, News, News 1, Social, Trading View, ambcryptoLong oil orders highlight divergence between sentiment and positioning, building a bullish case for crypto.
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ZCash surges on funding news, but ZEC traders shouldn’t buy yet – Here’s why!
4 hours ago
by Akashnath S
Altcoin, Analysis, HideCryptopanic, News, News 1, No Homepage, Social, Trading ViewInvestors with multi-year time horizons can look to buy. Short-term holders and swing traders would want to see $250 flipped to support.