Author: John Smith
Leading crypto trade groups are rallying behind the U.S. banking regulator in a bid to blunt Senator Elizabeth Warren’s claim that national trust charters for firms like Coinbase, Ripple, and Circle are illegal under federal banking law. Summary The Digital Chamber has written to OCC Comptroller Jonathan Gould urging him to stand by national trust bank charters granted to crypto and stablecoin firms. Warren argues those approvals violate the National Bank Act and hand “crypto banks” bank‑like powers without bank‑level safeguards, demanding full charter records by June 1. Industry groups counter that Congress effectively blessed OCC oversight of stablecoin issuers…
Zcash has extended its explosive recovery after confirming a bullish Adam and Eve pattern on the weekly chart, with traders now watching a potential breakout rally toward the $900 region. Summary Zcash price surged more than 110% in a month after confirming a bullish Adam and Eve breakout pattern, with traders targeting a potential rally toward $929. Grayscale’s spot Zcash ETF filing, the SEC’s closure of its Zcash investigation, and shrinking liquid supply boosted institutional and retail demand for ZEC. CoinGlass data showed dense short-liquidation clusters between $680 and $700, while analysts warned the token remains heavily overbought near current…
Robinhood has secured final Canadian regulatory approval for its planned acquisition of WonderFi, allowing the C$250 million deal to move toward a June 1 closing date. Summary Robinhood has received final Canadian regulatory approval for its C$250 million acquisition of WonderFi, with both companies targeting a June 1 close. WonderFi’s regulated crypto businesses, including Bitbuy and Coinsquare, are set to become part of Robinhood’s expanding international crypto operations. The approval comes weeks after Robinhood reported a 47% decline in quarterly crypto revenue and the departure of Robinhood Crypto COO Tanya Denisova. According to WonderFi’s press release issued on Monday, the…
Cardano founder Charles Hoskinson has offered rare praise for XRP, calling it a stronger “Web2.5” product than centralized stablecoin issuers such as Tether and Circle. Summary Charles Hoskinson praised XRP over Tether and Circle, citing XRPL’s open and permissionless access. His comments followed years of friction between Cardano’s founder and parts of the XRP community. Related reports show Hoskinson is also pushing wider governance reviews across Cardano’s ecosystem. The comment marked a notable shift in tone after years of public tension with parts of the XRP community. Hoskinson said “I think XRP as a Web2.5 product is better than Tether…
XRP traded near $1.35 as Santiment’s sentiment ratio fell to 1.1, putting $1.30 support and a short-term rebound setup in focus. Source link
Ondo Finance said its founder, Nathan Allman, has died unexpectedly, creating a sudden leadership change at one of the best-known names in tokenized real-world assets. Summary Ondo Finance confirmed Nathan Allman’s death and named longtime President Ian De Bode as new CEO. The company said De Bode has led strategy, product, and daily operations for two years. Related reports show Ondo expanded across tokenized stocks, ETFs, Treasuries, and major crypto wallet integrations. The company announced the news on May 25 and said its thoughts were with Allman’s family and loved ones. In its public statement, Ondo said “Nate’s brilliance, humility,…
Paul Graham, co-founder of Y Combinator, says Warren’s anti-crypto crusade was a ‘pure own-goal’ for Democrats. Summary Paul Graham posted on X that Senator Elizabeth Warren’s campaign against crypto was a “pure own-goal” that damaged Democrats without slowing the industry’s growth. Warren did not seek reelection in 2026 as crypto gained mainstream political and institutional acceptance under a more favourable US regulatory regime. Graham previously called former SEC Chair Gary Gensler’s approach “really stupid,” saying legitimate companies were stonewalled while actual frauds like FTX continued to operate freely. Y Combinator co-founder Paul Graham posted on X that Senator Elizabeth Warren’s…
A crypto PAC affiliated with Fairshake has poured $5 million into a Texas congressional runoff ahead of Tuesday’s vote. Summary Protect Progress spent $5 million supporting Christian Menefee and $2.8 million opposing Al Green in Tuesday’s Texas 18th District runoff. The Kalshi prediction market puts Menefee’s odds at 91% and Paxton’s at 96% in the parallel Texas Senate runoff, where total betting volume exceeded $16 million. Green voted against the GENIUS Act and the Clarity Act and holds an F grade from Stand With Crypto, making his seat a direct target for Fairshake’s $193 million 2026 war chest. Protect Progress,…
Zcash privacy claims faced a direct challenge after Arkham Intelligence linked 53% of ZEC transactions to identified entities. Summary Arkham Intelligence labeled over 53% of all Zcash transactions and linked $420 billion in ZEC volume to identifiable individuals and institutions. The tracking covers 48% of all transaction inputs and outputs and 37% of total ZEC balances, approximately $2.5 billion, per Arkham’s published research. Zcash founder Zooko Wilcox clarified that fully shielded-to-shielded transactions remain cryptographically protected and that Arkham cannot access the shielded pool. Blockchain analytics firm Arkham Intelligence published research revealing it had labeled more than 53% of all Zcash…
The on chain market for tokenized real world assets has hit a fresh record near $34 billion, more than tripling from roughly $5.4 billion at the start of 2025, with Ethereum carrying about 60 percent of that value and tokenized U.S. Treasuries alone now accounting for around $15 billion. Summary RWA.xyz and recent market reports put tokenized RWA TVL (ex stablecoins) around $31 billion to $34 billion as of May 2026 Ethereum hosts roughly 60 percent of RWA value, led by BlackRock’s BUIDL fund and Ondo Finance products Tokenized Treasuries sit near $15 billion in AUM, while commodities, private credit…