Crypto
AI Summary
- The US CLARITY Act is generating significant buzz, with proponents like a16z suggesting it will boost domestic innovation and Santiment noting a 'major spike of euphoria' in Bitcoin markets, though a partisan fight over ethics has emerged in the Senate.
- THORChain experienced a $10 million exploit, leading to a halt in trading and the implementation of a recovery portal for affected users, causing the RUNE token to drop significantly.
- Spot Bitcoin ETFs saw substantial outflows totaling $1 billion in a single week, breaking a six-week streak of inflows, while Bitcoin itself dipped below $79K, influenced by broader market movements including a rout in US bonds.
- Several major companies are making strategic financial moves: Bitcoin giant Strategy aims to repurchase $1.5 billion of convertible notes, potentially by selling BTC, while Gemini received a $100 million Bitcoin infusion from Winklevoss Capital amidst reported deepening losses.
- The crypto space continues to grapple with security and evolving financial structures, as evidenced by a $293 million KelpDAO hack highlighting DeFi risks, and proposals from South Korea to implement rules for tokenized securities in July.
Sources
Cointelegraph
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US CLARITY Act will be a ‘boon for domestic innovation’: A16z
4 hours ago
by Cointelegraph by Ciaran Lyons
Latest NewsA16z crypto said that when US legal frameworks strike a balance between innovation and consumer protection, the impact tends to ripple through into global markets.
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STRC preferred stock investors are mispricing major 'dislocation' risk: Analyst
6 hours ago
by Cointelegraph by Vince Quill
Latest NewsPotential liquidity contractions in secondary markets and surging government bond yields could spell trouble for preferred perpetual stockholders.
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Strategy to repurchase $1.5B of 2029 convertible notes
10 hours ago
by Cointelegraph by Vince Quill
Latest NewsThe notes carry a 0% coupon, but can be converted into equity in the company if holders choose to redeem their notes for shares.
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Bitcoin analysis sees 'bear trap' as BTC price passes two-week lows under $78K
12 hours ago
by Cointelegraph by William Suberg
MarketsBitcoin fell below $78,000 for the first time since the start of May, but traders refused to give up hope of a BTC price rebound coming next.
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Here’s what happened in crypto today
14 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.
CoinDesk
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Jump Crypto’s ‘Firedancer’ is taking a slow and steady approach to its long-awaited Solana infrastructure rollout
14 hours ago
by Margaux Nijkerk
Tech, Solana News, NewsIn an interview with CoinDesk, the lead engineer at Firedancer gives an update on how the new client, also known as a software, is fairing in the Solana ecosystem.
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Crypto users are choosing juicy yields over protection, putting billions at risk of hacks
15 hours ago
by Omkar Godbole
Finance, DeFi, NewsDeFi insurance protocols debuted with huge ambitions during the 2020 crypto boom. But as hacks evolved and users chased yields over protection, most of the sector collapsed under the same risks it was built to cover.
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The $293 million KelpDAO hack shows why DeFi is finally being forced to grow up
16 hours ago
by Margaux Nijkerk
Tech, Ethereum News, Hack, NewsFor protocol founders and security researchers, the incident reinforced a broader shift underway across crypto: DeFi is no longer primarily battling coding bugs. It’s battling complexity.
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XRP beat bitcoin gains as CLARITY Act advanced, but a real bullrun still needs Congress
18 hours ago
by Shaurya Malwa
Markets, NewsThe token jumped 5% after a Senate committee moved the market-structure bill forward, reviving hopes that legal clarity can pull deeper institutional money into XRP products.
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Crypto longs lose $500 million as bitcoin slides to $78,000, SOL and XRP down 5%
21 hours ago
by Shaurya Malwa
Markets, NewsA long-skewed liquidation cascade flushed leverage across the major tokens overnight, with the move tracking a global bond selloff and the worst session for U.S. stocks since March.
Decrypt
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Justin Sun-Led Liberland Micronation Awards Ethereum Founder Vitalik Buterin Its Top Honor
12 hours ago
by Jason Nelson
Law and OrderThe micronation honored Vitalik Buterin during ETH Prague 2026 as it continued promoting blockchain-based governance and digital citizenship.
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What Is AI Jailbreaking? A Beginner's Guide to the Cat-and-Mouse Game Behind Every Chatbot
16 hours ago
by Jose Antonio Lanz
Artificial IntelligenceFrom Cydia to ChatGPT, jailbreaking went from cracking iPhones to liberating LLMs. Here's how it works, who's doing it, and why every AI lab is losing sleep.
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Drake Calls for Sam Bankman-Fried's Release in New, Critically Panned Album
a day ago
by Sander Lutz
BusinessRapper Drake released three new albums on Friday, and described himself on one as “a BTC crypto big-timer.”
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Lombard Finance Dumps LayerZero, Will Use Chainlink to Power $1 Billion in Bitcoin Assets
a day ago
by Logan Hitchcock
MarketsThe Bitcoin DeFi protocol is moving its assets away from LayerZero following the Kelp DAO exploit that led to the loss of $292 million.
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Hyperliquid Policy Arm Rejects Market Integrity Concerns Amid Oil Futures Surge
a day ago
by André Beganski
DeFiDecentralized exchange Hyperliquid has become a popular destination for speculating on oil prices.
AMBCrypto
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Hyperliquid whale takes $7 mln bet despite 10% drop: Can HYPE hold at $40?
2 hours ago
by Gladys Makena
Altcoin, News, News 1, Social, Trading ViewA Hyperliquid whale opened a 180,000 HYPE long position with 10x leverage, valued at $7.78 million.
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Japan’s $33B U.S Treasury sell-off in Q1 reignites Bitcoin vs Gold debate
3 hours ago
by Ritika Gupta
Bitcoin, Global News, News, Social, Trading View, ambcryptoMacro pressure has been building as DXY strength tests gold and Bitcoin flows.
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Akash Network crashes 12% – Can AKT bulls defend the $0.595 support?
4 hours ago
by Erastus Chami
Altcoin, News, News 1, Social, Trading ViewAKT dropped over 12% as outflows and liquidations intensified below critical resistance levels.
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Bitcoin HODLers stay bullish despite breakdown below $80K – What now?
5 hours ago
by Olayiwola Dolapo
Bitcoin, BTC Trading View, News, News 1, Social, Trading ViewBitcoin long-term holders hit a 14-month unrealized profit high as perpetual traders rack up $185 million in long liquidations.
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Why is crypto down today? All about Bitcoin’s fall below $80K and ETF outflows!
6 hours ago
by Muriuki Lazaro
Bitcoin, News, Social, Trading View, ambcryptoCrypto markets tumbled together after Bitcoin slipped below $80,000.