Author: Benjamin Lee

The CEO of financial services titan JPMorgan Chase says banks will fight back against the CLARITY Act, the landmark crypto bill that seeks to establish a regulatory framework for cryptocurrencies and digital assets in the US.  In a new interview, Jamie Dimon takes aim at the proposed legislation saying that it lacks adequate guardrails to protect investors. He says the bill also fails to address the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) law that aims to combat illicit financial transactions. “It allows them to effectively pay interest on deposits—stablecoins or something like that—without the protection that they should have and it…

Institutional investors just sold an overall total of $1.67 billion in Bitcoin and crypto assets in one week, according to a new update from Coinshares. The outflows mark the third consecutive negative week and the second-largest weekly outflow of the year, with three-week cumulative outflows now standing at $4.21 billion. Bitcoin led the selling with $1.438 billion pulled out, which is its biggest weekly outflow this year. Ethereum witnessed $257 million in outflows. US products accounted for most of the redemptions at $1.63 billion. Germany recorded $25.7 million, Sweden $6.6 million and Hong Kong $4.5 million in outflows. Assets under…

DEXE rose more than 11% intraday to trade above $19.16, with a 32% weekly gain. Daily trading volume climbed about 38% to nearly $40 million, suggesting accumulation. Technical support sits at $15, while bulls could target $24 or higher next. DeXe (DEXE) rallied sharply on Friday, climbing toward the $20 mark as buying pressure intensified across major exchanges. The spike in volume and a string of weekly gains have drawn renewed attention from traders and analysts, who are assessing whether the asset can extend its advance or if profit-taking will cap further upside. DeXe price rises 11% amid volume spike…

The world’s largest digital asset-focused investment platform says institutional capital will initially target four blockchain networks as regulatory clarity improves.  In a new report, Grayscale says expected regulatory changes, including the Clarity Act that aims to establish rules for classifying and regulating digital assets and guidance from the U.S. Securities and Exchange Commission (SEC), will likely drive use cases such as tokenized assets and decentralized finance (DeFi). The firm says the development will likely benefit the leading chains for tokenized assets and DeFi, namely the leading smart contract platform Ethereum (ETH), the high-performance network Solana (SOL), the Web3-focused decentralized blockchain…

Avalanche’s network has reached a new record high in distributed RWA value. Data shows over $1.16 billion on-chain, boosted by BlackRock. AVAX price looks to hold $9.00 support amid this ecosystem growth. Avalanche price hovered $9.25 on Wednesday as bulls attempted to solidify the uptick from intraday lows of $9.10. The declines had put AVAX price down about 4% in the past 24 hours amid wider market weakness, with most altcoins shedding gains after Bitcoin briefly slipped below $75,000. While the pullback in BTC could continue to pressure altcoins, could AVAX bounce to above $10.00 as the project hits a…

Tether has announced plans to launch GEL?, a stablecoin pegged to the Georgian Lari, in partnership with the Government of Georgia. The announcement marks one of the first efforts to place a national currency directly onto digital asset infrastructure under a purpose-built stablecoin regulatory framework. Tether’s USD? carries a market capitalization approaching $190 billion, with 24-hour trading volumes that regularly surpass Visa and Mastercard. Tether has not described the asset as a central bank digital currency (CBDC). GEL? aims to enable lower transaction costs, near-instant settlement, and programmable payments. Georgia’s framework is designed for compatibility with the U.S. GENIUS Act,…

Ethena’s native token, ENA, saw its price decline as Bitcoin slid below $79,000 The slight dip happened despite ENA notching a 5-week high in whale activity. Prices could fall further, but a rebound for BTC could boost ENA. Ethena (ENA) price faced downward pressure today, dropping nearly 4% to intraday lows of $0.11 as Bitcoin grappled with renewed selling amid macroeconomic headwinds. This decline unfolded even as on-chain metrics signaled robust interest from large holders. Analysts say the move highlights a disconnect between whale behavior and short-term price action. Ethena hits 5-week high in whale activity On-chain data shows Ethena’s…

The Osmosis crypto price has surged on extreme trading volume and liquidity inflows. Cosmos governance rejection kept Osmosis independent and stable. Price now hinges on holding $0.065 and breaking $1 resistance. The price of the Osmosis (OSMO) crypto has jumped sharply by nearly 200% in 24 hours, moving from a low near $0.03383 to around $1. This sudden rally has placed the token among the strongest performers in the crypto market today, with trading activity and ecosystem developments both playing a major role in the move. Notably, the price surge came alongside an extreme spike in trading activity, a shift…

Institutional investors just bought an overall total of $1 billion in Bitcoin and crypto assets in one week, according to a new update from Coinshares. The inflows mark a reversal from a five-week streak of outflows totaling $4 billion. Bitcoin dominated the buying, drawing $881 million. Ethereum followed with $117 million in inflows, marking its strongest week since mid-January. Among altcoins, Solana led with $53.8 million. The rebound was broad-based geographically. The US accounted for the bulk at $957 million, Canada saw $34.1 million, Germany $31.7 million and Switzerland $28.4 million. CoinShares attributes the shift to recent price weakness and…

Crypto exchange Kraken has announced a global partnership with MoneyGram aimed at making it easier for users to convert digital assets into cash. The collaboration will allow millions of Kraken customers to withdraw crypto as fiat currency across more than 100 countries, leveraging MoneyGram’s extensive global cash pickup network. Users will be able to access payouts in hundreds of fiat currencies, with transactions processed instantly or near instantly in many cases. The move targets one of crypto’s persistent challenges – reliable off ramps into local currency. By integrating Kraken’s exchange and liquidity infrastructure with MoneyGram’s payments network, the companies aim…