Author: James Wilson

Senator Bill Hagerty has renewed expectations that Congress could advance the Digital Asset Market Clarity Act before the July 4 recess, even as several lawmakers continue to caution that final Senate action may take longer. Summary Bill Hagerty said he still hopes the CLARITY Act can pass before the July 4 recess. David Nage said lawmakers and industry participants are roughly 80–85% aligned on the bill. Debate has narrowed to ethics provisions as industry groups continue backing regulatory clarity. According to comments made by Hagerty during a FOX Business interview, negotiations on the legislation remain ongoing, but he still hopes…

CME Group has filed a lawsuit against the U.S. Commodity Futures Trading Commission after the regulator approved crypto perpetual futures that have already generated more than $1 billion in trading volume. Summary CME has sued the CFTC, arguing crypto perpetual futures should be regulated as swaps under Dodd-Frank. The exchange claims the regulator bypassed congressional requirements when approving Kalshi’s perpetual contracts. Legal experts say the CFTC may have authority to classify novel products, creating uncertainty around CME’s case. According to Bloomberg, the derivatives exchange sued the CFTC and its chairman, Michael Selig, arguing that the agency improperly classified crypto perpetual…

Bitcoin has fallen nearly 3% toward $63,000 after stronger-than-expected U.S. labor market data reinforced the Federal Reserve’s hawkish outlook and reduced expectations for short-term rate cuts. Summary Bitcoin fell nearly 3% to $63,282 as strong U.S. jobs data reinforced the Fed’s hawkish outlook. Technical indicators turned bearish after BTC broke below an ascending channel and key Fibonacci support. Analysts warn a loss of the $62,400 support zone could trigger a retest of June lows near $59,000. According to U.S. Department of Labor data, initial jobless claims fell to 226,000 for the week ended June 13, down from a revised 230,000…

U.S. regulators have proposed requiring certain payment stablecoin issuers to verify customer identities under a new rule issued as part of the GENIUS Act framework. Summary U.S. regulators have proposed requiring certain payment stablecoin issuers to adopt customer identification programs similar to those used by banks and credit unions. The proposed GENIUS Act rule would require issuers to verify customer identities while treating permitted payment stablecoin issuers as financial institutions under the Bank Secrecy Act. Regulators said secondary market stablecoin transactions generally would not trigger customer identification requirements, limiting the rules to direct relationships between issuers and customers. The Federal…

Solana has fallen more than 6% from its June 15 high after a rejection at a major resistance zone, combined with a hawkish Federal Reserve outlook, pushed traders into risk-off positioning. Summary Solana fell more than 6% after failing to reclaim the key $75–$76 resistance zone and amid Fed-driven risk-off sentiment. CoinGlass data shows major liquidation clusters between $74 and $76, while support is concentrated near $65–$66. A break below $70 could expose June lows around $62, with the $60 area emerging as the next major downside target. According to data from crypto.news, Solana (SOL) dropped from a recent peak…

Every crypto trade comes down to a choice between two basic order types: take the price now, or name your price and wait. Understanding the difference, and the stop-loss and slippage that come with it, is the foundation of trading without losing money to your own mistakes. Summary Market orders prioritize immediate execution, while limit orders execute only at a user specified price. Slippage can affect trade execution prices, especially in volatile or low liquidity markets. Stop loss orders help cap potential losses by automatically exiting a position when a preset price level is reached. Placing a crypto trade comes…

Rakuten Wallet has launched a “Photo Contest 2026” campaign that rewards selected dog photos with meme coins.  Summary Rakuten Wallet is using dog photos to place SHIB and DOGE inside consumer rewards campaigns. Eleven selected users will receive SHIB, while one grand prize winner will receive DOGE tokens. The contest shows Japanese platforms using meme coins for engagement beyond standard exchange trading products. In a Rakuten Wallet post, the exchange asked users to follow its account and post dog photos using the “#RWフォトコンテスト2026” hashtag. The campaign will select 11 winners to receive Shiba Inu, or SHIB. One grand prize winner…

Fidelity Investments has launched a money market fund aimed at stablecoin issuers and institutional investors seeking to meet reserve requirements under the GENIUS Act. Summary Fidelity has launched a money market fund designed to help stablecoin issuers meet reserve requirements under the GENIUS Act. The new Fidelity Reserves Digital Fund will invest in cash, short term U.S. Treasuries, and other eligible assets permitted under federal stablecoin rules. Fidelity joins State Street in targeting the stablecoin reserve management market as institutions prepare for expected growth in digital dollar issuance. Fidelity said on Thursday that the new Fidelity Reserves Digital Fund will…

Grayscale Research said AAVE “appears undervalued” at current levels, using a cash-flow model usually linked to traditional financial businesses. Summary Grayscale values AAVE at $80 to $100, based on projected 2026 protocol lending revenue. Its $175 case depends on tokenized assets moving faster into DeFi lending markets soon globally. Aave’s RWA growth and DAO revenue plans support the wider cash-flow valuation debate for DeFi. The firm estimated Aave’s 2026 revenue at about $60 million and placed current fair value for AAVE between $80 and $100. The report used a 20x to 25x fintech earnings multiple to frame that range. Grayscale…

Strategy has returned to the spotlight after QCP estimated its current liquidity runway for dividend payments at about seven and a half months. Summary QCP warned that Strategy may eventually sell more Bitcoin if dividend obligations outpace available funding sources. CEO Phong Le said the recent 32 BTC sale was a process test, not a dividend-driven liquidity move. Peter Schiff argued Strategy’s current Bitcoin buying model could dilute shareholders as dividend pressures grow. According to market maker QCP, Strategy’s current liquidity position could support dividend payments for roughly seven and a half months, raising the possibility that the company may…