Author: John Smith

Anthropic has been hit with a proposed class-action lawsuit alleging that subscribers paying up to $200 per month for premium Claude plans have received significantly less usage than the company’s marketing materials suggested. Summary Anthropic faces a proposed class-action lawsuit alleging its Claude Max subscription plans provide less usage than advertised. Plaintiff Karl Kahn claims premium subscribers encounter restrictive usage caps that disrupt coding and development work. The lawsuit arrives shortly after Anthropic’s Fable 5 and Mythos 5 shutdowns, adding to scrutiny surrounding the AI company. According to a complaint filed Monday in the U.S. District Court for the Northern…

The odds of securing a July 4 signing for the CLARITY Act have narrowed, with lawmakers, industry groups, and market observers increasingly turning their attention to the August recess. Summary Many lawmakers and industry participants now see the August recess as a more realistic target for the CLARITY Act than July 4. Unresolved ethics negotiations and Senate procedural hurdles continue to slow the bill’s progress. Coinbase, Ripple, and other industry groups remain supportive as momentum for the legislation continues. According to reporting from Crypto In America, many policymakers and industry participants now view August as the more realistic benchmark for…

Paradigm has led a $9 million Series A funding round for Latin American payments platform El Dorado as the company expands stablecoin-powered cross-border transfers across underserved markets in the region. Summary Paradigm led a $9 million Series A round for Latin American payments app El Dorado, with Coinbase Ventures and Verda Ventures also participating. El Dorado said it serves more than 100,000 active users, has processed over 5 million transactions, and operates across 12 countries in Latin America. The company has expanded into business payments on the Tempo blockchain, onboarding more than 100 corporate clients and supporting cross-border trade flows,…

Strategy has added 1,587 BTC to its balance sheet, two weeks after its first disclosed Bitcoin sale in years raised questions.  Summary Strategy acquired 1,587 BTC for $100 million, lifting total reserves to 846,842 BTC on Monday. The purchase followed a 32 BTC sale that Strategy later described as a process test. Strategy also raised its U.S. dollar reserve to $1.1 billion after adding another $100 million. Michael Saylor said on X that the company bought the coins for about $100 million. Saylor had hinted at the move hours earlier with a short post saying, “Another Orange Star,” a phrase…

Bitget’s tokenized Nvidia perpetual market has reached roughly 75% of the liquidity depth of the exchange’s Bitcoin spot market, according to a new joint report from Bitget and analytics firm Block Scholes. Summary Bitget and Block Scholes found NVDA linked perpetuals reached about $4.1 million in liquidity depth, roughly 75% of the exchange’s Bitcoin spot market. Liquidity across Bitget’s tokenized stock and commodity markets improved through 2026, with tighter spreads and deeper order books reported across major contracts. Trading conditions remained functional during the early stages of the U.S. Iran conflict, with spreads recovering quickly and market depth returning to…

The article was updated with a quote from Early Warning Services CEO Cameron Fowler. Zelle operator Early Warning Services has announced plans to launch cross-border remittances to India and has introduced a U.S. dollar-backed stablecoin as part of its international payments strategy. Summary Zelle will launch its first international remittance corridor in India, with availability expected before the end of 2026. Early Warning Services has introduced ZelleUSD, a U.S. dollar backed stablecoin designed to support future cross border payments. The move advances plans announced in 2025, when Zelle said stablecoin technology would power its international expansion strategy. According to a…

Bitcoin rose to its highest level in nearly two weeks on Monday after the United States and Iran announced a peace deal expected to reopen the Strait of Hormuz and ease pressure from energy markets. Summary Bitcoin recovered above $65,500 as the U.S.-Iran deal eased oil and inflation fears across markets. ETF outflows and Strategy’s small BTC sale still raise doubts about sustained institutional demand ahead. Technicals show weaker downside pressure, but BTC still needs volume above $68,000 to confirm recovery. The move pushed bitcoin above $65,500, extending its rebound from last week’s drop below $60,000. According to crypto.news market…

Pyth Network is drawing renewed attention after a recent thread from market commentator Whale Factor outlined the project’s push into institutional financial data.  Summary Pyth is expanding beyond DeFi with institutional data products and enterprise revenue growth. PYTH has recovered from recent lows, though major token unlocks remain a concern. Traders are watching whether adoption growth can outpace future supply entering markets. The discussion comes as PYTH trades near $0.039 after rebounding from its June low, while investors assess whether growing adoption can offset supply concerns. The project has traditionally operated as a blockchain oracle network, providing price data to…

The Bangko Sentral ng Pilipinas (BSP) has introduced stricter requirements for virtual asset service providers (VASPs), requiring them to apply deeper screening, monitoring, and delisting procedures for cryptocurrencies offered to customers.  Summary BSP requires crypto exchanges to conduct deeper reviews before listing tokens and stablecoins locally. New rules mandate continuous monitoring and clear delisting triggers for higher-risk virtual assets. Privacy-focused cryptocurrencies remain prohibited as regulators strengthen consumer protection and compliance safeguards. The move comes as regulators continue to strengthen oversight of the country’s digital asset market. The new guidance requires VASPs to establish a “robust due diligence and accreditation process”…

Bitcoin mining difficulty fell 10.09% after lower prices pushed weaker miners offline and slowed block production. Summary Bitcoin’s 10.09% difficulty drop gave active miners more output after weaker operators paused machines offline. Galaxy Research tied the adjustment to June’s Bitcoin price slide and a longer mining epoch. Crypto.news reports show miners are redirecting power toward AI and high-performance computing revenue streams globally. Bitcoin difficulty records sharp June drop Bitcoin completed one of its largest downward mining difficulty changes at block 953,568. Galaxy Research data cited by WuBlockchain showed the difficulty fell from 138.96T to 124.93T. The move ranked as Bitcoin’s…