Author: John Smith

The chances of passing the CLARITY Act this year have narrowed as lawmakers face a crowded legislative calendar and unresolved disputes over key provisions, according to JPMorgan analysts. Summary JPMorgan analysts said the window for passing the CLARITY Act is narrowing as Congress faces a packed schedule ahead of the 2026 midterm elections. Stablecoin reward provisions remain a major point of disagreement between banks and crypto advocates. Senator Cynthia Lummis said Senate action on the bill may not occur until August. According to a report from JPMorgan analysts led by Nikolaos Panigirtzoglou, political timing is becoming one of the biggest…

Bitcoin has rebounded from an intraday low near $61,500 after weaker-than-expected U.S. labor market data strengthened expectations that the Federal Reserve could still lower interest rates later this year. Summary Bitcoin price rebounded from an intraday low near $61,550 after U.S. jobless claims exceeded forecasts, boosting expectations of future Federal Reserve rate cuts. U.S. initial jobless claims rose to 225,000 last week, while first-quarter labor costs increased 1.8%, below economists’ 2.5% estimate. Despite the recovery, Bitcoin remains below a key technical support level after confirming a bearish rounding-top pattern, with $60,000 emerging as the next major support zone. According to…

On May 29, 2026, the Commodity Futures Trading Commission cleared Coinbase to offer crypto perpetual futures to US customers, making it the first US exchange granted access to the product that dominates global crypto trading.  Summary The CFTC cleared Coinbase to offer U.S. access to crypto perpetual futures, ending a long offshore gap. Perpetual futures dominate global crypto trading because they offer no expiry, funding-rate tracking, and high leverage. Coinbase’s route through Deribit and Kalshi’s BTCPERP approval create two different U.S.-regulated paths for perps. The move targets offshore and decentralized venues like Hyperliquid, but leverage risks remain central to the…

An XRP Ledger builder has rejected public XRP price predictions as bold forecasts continue to circulate across the community.  Summary Cauliman rejected public XRP price calls, saying daily XRPL building shows stronger conviction than forecasts. House of Cauliman now spans 11 XRPL projects across data, wallets, trading and collectibles. His comments came as XRP price struggles while XRPL network activity continues rising this year. Mr. Cauliman said his focus remains on building products on XRPL, not giving targets. His comments came during a weak period for XRP price. The token has struggled in recent months, while some analysts and influencers…

Arthur Hayes said he sold his entire HYPE and NEAR positions, marking a sharp turn from his recent public support for both tokens.  Summary Arthur Hayes sold his full HYPE and NEAR positions after weeks of public bullish calls. The sale follows his $100K HYPE wager and earlier $150 price target for August. Hayes cited Iran-linked energy costs, AI IPOs and political risk as reasons for profit-taking. The BitMEX co-founder said he will explain the move in an essay titled “Reality Test” next Tuesday. The sale drew attention because Hayes had made several bullish posts on HYPE and NEAR in…

Polymarket has finalized a disputed prediction market with a “No” outcome after 98.6% of voting power backed the decision in a final UMA review, despite Strategy disclosing that it sold 32 Bitcoin before the market’s May 31 deadline. Summary Polymarket finalized the disputed Strategy Bitcoin sale market with a “No” outcome after 98.6% of UMA voting power backed the decision. Traders challenged the ruling because Strategy disclosed that it sold 32 Bitcoin between May 26 and May 31, before the contract deadline. The dispute has fueled debate over whether prediction markets should be resolved based on when an event occurred…

Coinbase said it froze more than $3 million in cryptocurrency tied to scam networks operating in Southeast Asia.  Summary Coinbase froze over $3M in crypto tied to Southeast Asia romance and investment scam networks. Meta, Microsoft and Starlink helped disrupt accounts, hosting tools and internet kits used by scammers. The DOJ action follows a wider fraud crackdown after $701M in crypto was frozen in April. The exchange joined a broader operation led by the U.S. Department of Justice’s Scam Center Strike Force. The action targeted criminal groups accused of running romance scams, investment fraud, and forced labor scam compounds. Coinbase…

Israeli tax authorities have received far fewer crypto tax corrections than expected under a voluntary disclosure program that offers criminal immunity to eligible taxpayers. Summary Israel’s crypto tax disclosure program has received only 58 filings despite expectations of up to $1 billion in revenue. Globes reported that disclosures have covered about $50 million in crypto capital, far below official expectations. The program offers criminal immunity to eligible taxpayers who correct reports and pay taxes before Aug. 31, 2026. A tax expert told Globes that the lack of an anonymous first stage may be discouraging crypto holders from filing. According to…

Worldcoin price has surged over 40% since late May after whale activity and network growth climbed to their highest levels of 2026, strengthening the case for a move toward the next major resistance zone near $0.65. Summary Worldcoin has surged more than 40% since late May as whale transactions, active addresses, and new wallet creation climbed to 2026 highs. A breakout from a multi-month descending triangle has pushed WLD above $0.54 and brought the $0.65 resistance zone into focus. Growing World App activity and renewed interest in AI-related tokens have supported demand despite weakness across the broader crypto market. According…

SpaceX has outlined plans for a record $75 billion stock market debut that would value Elon Musk’s space and AI company at about $1.77 trillion. Summary SpaceX plans to raise $75 billion through an IPO that would value the company at about $1.77 trillion. Elon Musk would keep 82.4% voting control after the offering, according to the company’s SEC filing. The IPO could surpass Saudi Aramco’s 2019 listing and become the largest public offering in history. SpaceX said the proceeds will support its rocket, Starlink, artificial intelligence and space data center plans. According to a filing with the U.S. Securities…