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US senators lament failure to gain bipartisan support on Crypto Clarity Act

As U.S. senators kicked off the long-awaited hearing aimed at advancing cryptocurrency market structure legislation, they acknowledged that there was still disagreement between Republicans and Democrats over the latest version of the Digital Asset Market Clarity Act. Thursday’s Senate Banking Committee hearing, known as a “mark-up” hearing to evaluate dozens of amendments to revise and

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Kraken to replace LayerZero with Chainlink for kBTC, future wrapped assets

Kraken announced it would replace LayerZero, a protocol for moving crypto assets across blockchains, with Chainlink’s equivalent after the $292 million bridging exploit that hit liquid dining protocol Kelp last month exposed risks to existing cross-chain infrastructure. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) will become the exclusive cross-chain service for Kraken’s wrapped crypto assets, including kBTC,

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Why Bitcoin’s Recent Rise to $80,000 May Be Just a Temporary Liquidity Squeeze

Bitcoin’s on-chain metrics are giving off their most constructive signals since early February, but underlying seller behavior and derivatives positioning suggest the path to new highs won’t be easy, Bitfinex shared in an analyst note to CoinDesk on Thursday. Long-term holders, whose bitcoin holdings have increased 300% since late 2025 to nearly 4 million tokens,

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Senate Banking Committee Holds Key Hearing on Market Structure Bill

The Senate Banking Committee is holding its markup hearing for the Digital Assets Market Clarity Act – more commonly known as the Clarity Act – on Thursday, launching a key process for the long-awaited Market Structure bill. During Thursday’s hearing, the committee’s 24 senators will debate and vote on dozens of proposed amendments to the

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