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Road Ahead for Clarity Act Still Long Despite Senate Progress, Says Jefferies

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The Clarity Act is widely considered the crypto industry’s most significant market structure bill because it would establish clear rules for when digital assets are regulated as securities by the Securities and Exchange Commission (SEC) or as commodities by the Commodity Futures Trading Commission (CFTC), replacing years of regulatory uncertainty. Supporters say legal clarity would […]

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MetaMask launches Money account with stable yield and spending in one wallet

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MetaMask has launched a new self-custodial account that combines stable coin yield, payments and trading in one product, as wallet providers increasingly compete to become broader financial platforms rather than just crypto storage tools. The new “Money Account,” announced Tuesday by MetaMask parent company Consensys, is built on the Monad blockchain and allows users to

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Tokenized securities need competition, not gatekeepers

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But familiar forms of market exposure, including broker-dealer-held securities, ETFs, foreign depositary receipts, structured notes and other equity-linked instruments, are now well-established parts of the market. Tokenization alone does not make them more or less legitimate. Their economic and legal structures should dictate their regulatory treatment. The third model is issuer-sponsored tokenization. A company and

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$800B Asset Manager New York Life Makes Tokenization Debut With Centrifuge Fund

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The launch adds another top asset manager to Wall Street’s tokenization drive. Companies such as BlackRock, Franklin Templeton, Apollo and Janus Henderson have adopted on-chain versions of traditional funds, betting that the technology can modernize the way assets are issued, transferred and settled. Proponents argue that the technology can reduce settlement times, improve operational efficiencies,

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Bitcoin price holds near $60,000, but analyst warns decline could target $40,000

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Bitcoin BTC$59,073.22 is trading in a tight range between $59,000 and $60,000 for the fifth day in a row, a quiet period that some analysts say is more dangerous than it seems because of where it occurs. The range itself is normal. Bitcoin spent much of 2024, from March to October, consolidating between $55,000 and

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Institutional demand for BTC lags supply as ETFs exit and new coins flood the market: Crypto Daily

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Although BTC recently stabilized around $60,000, prospects for a significant recovery remain bleak as institutional demand falls far short of absorbing supply. The latest chart from Glassnode shows that Bitcoin exchange-traded funds (ETFs) this month sold 71,600 BTC, worth more than $4 billion, the largest buyback on record. Meanwhile, corporate treasuries, or digital asset treasuries,

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MSTR Approaches 11th Losing Month in Past 12 as Bitcoin Weakness Takes its Toll

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Strategy (MSTR) stock is expected to finish the month down about 41%, its worst monthly performance since 2022, with one trading day remaining. MSTR is on track to mark its eleventh negative month in the last twelve. Shares were trading near $80 on Friday before rebounding more than 12% on Monday following the company’s announcement

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SEC Wins $5.5 Million Default Judgment Over Alleged Fake Crypto Platform NanoBit

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A federal judge in New York has entered a $5.5 million default judgment against NanoBit Limited and five related defendants for an alleged relationship investing scam built on a fake cryptocurrency trading platform. The U.S. District Court for the Eastern District of New York on June 16 ordered a combined restitution of $5,518,902, prejudgment interest

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