Crypto news today
Kalshi hits $40B volume and 80% of US prediction market
Why it matters: Kalshi's case shows a regulated market can grow without new legislation, weakening the argument for the CLARITY Act.
Circle launches Arc blockchain for payments and tokenized assets
Why it matters: Arc strengthens Circle's position in stablecoin infrastructure as banks and payment giants enter the market.
Hyperliquid whale with 99% win rate adds $1.36M XRP long
Why it matters: A large long from a high-win-rate trader signals belief in an XRP rebound, but further market declines could add selling pressure.
Tokenized S&P 500 fund becomes second-most traded on Base
Why it matters: The growth of tokenized stocks on Base shows demand for on-chain access to traditional assets and DeFi collateral.
Twenty One Capital weighs STRC-style preferred stock to buy Bitcoin
Why it matters: If XXI issues an STRC-like instrument, it would provide another funding channel for BTC purchases and could set an example for other public Bitcoin companies.
Cumberland starts selling PONS after accumulating 17.64M tokens
Why it matters: A major market maker's sell-off could add pressure on the PONS price after its recent rally.
ETH risks 10% drop against Bitcoin as double top forms on ETH/BTC chart
Why it matters: A neckline break would accelerate capital rotation out of ETH into BTC amid regulatory uncertainty after the CLARITY Act's failure.
Trump's $1.4B crypto income called cause of failed US crypto bill
Why it matters: The bill's failure delays clear rules for the US crypto market and adds pressure on assets.
Indian parliamentary committee ends crypto hearings without a bill
Why it matters: India remains without legal clarity for crypto: the absence of regulation heightens fraud and capital flight risks, while the market awaits the committee's report.
Cardano loses $0.20 support as network activity drops 64%, target $0.1647
Why it matters: Weak on-chain activity and fading derivatives interest heighten the risk of a further ADA decline toward $0.1647.
Bitcoin holds above key EMAs despite sell-off after CLARITY Act failure
Why it matters: Holding the EMA cluster preserves BTC's bullish structure, but the Fed's decision could set the market's next direction.
Core Lightning warns experimental features may put funds at risk
Why it matters: Vulnerabilities in the Lightning Network implementation could jeopardize node operators' funds, weakening trust in BTC infrastructure.
MEXC freezes $38.7M in USDT and boosts insurance fund to $791.7M
Why it matters: Rising freezes and a larger insurance fund reduce ADL and trader loss risks, but the data is based on the exchange's own reporting.
RBI Deputy Governor: AI and tokenization accelerate spread of financial risks
Why it matters: A signal from a major central bank that regulation of tokenization and AI will tighten as their influence on the financial system grows.
Taiwan uncovers $1.9 million crypto fraud scheme with 46 victims
Why it matters: The case shows that crypto fraud through fake apps and influencers remains a mass risk for retail investors.
MUFG: market has priced in a 25 bps Fed hike, dollar needs a more hawkish signal
Why it matters: The Fed's tone on further tightening will determine the trajectory of the dollar and risk assets, including bitcoin.
Coinbase bitcoin premium falls to one-month low after CLARITY Act failure
Why it matters: The drop in the Coinbase premium signals weakening U.S. demand and pressure on the BTC price.
XRP falls to $1.30 after CLARITY Act failure; next test at $1.26
Why it matters: The bill's failure and expectations of a Fed rate hike weigh on XRP; a break below $1.26 would open the way to $1.20 and lower.
Fed to hike rate to 4.0% as bitcoin falls after CLARITY Act failure
Why it matters: A rate hike and the failure of crypto legislation increase pressure on risk assets; Warsh's tone will set the market's direction.
Bitget reports 122% reserves and a $351 million protection fund
Why it matters: Regular PoR reports improve exchange transparency but do not replace an independent audit and are not deposit insurance.