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Crypto News

Crypto markets are swinging on speculation, sports betting growth, legal battles over dormant bitcoin, and fresh debate over crypto tax relief.

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Bankruptcy FTT +43.08%

FTX token (FTT) spikes 50% as Sam Bankman-Fried seeks presidential pardon

FTT surged despite having little remaining utility, showing how Bankman-Fried’s long-shot clemency campaign has become a speculative trade.

1 hour ago

Trading

World Cup prediction markets hit $2B before kickoff as Spain and France go head to head

Prediction markets and exchanges are racing to capture World Cup demand as sports becomes a central growth channel for event contracts.

2 hours ago

Legal BTC +3.05%

A $239B claim on dormant Bitcoin wallets faces a new obstacle after old address moves

A June 5 court stay and a June 2 spend turned the Noah Doe case into a test of legal title versus private-key control.

4 hours ago

Taxes USDT 0.00%

Congress is weighing whether crypto tax relief should stop at stablecoins

A June 9 Ways and Means hearing pushes crypto policy into the tax code, where small payments, stablecoin use, network fees, mining, staking, and donations all face the same usability test.

6 hours ago

Banking

Big banks may have found their answer to the CLARITY Act’s stablecoin challenge

The Clearing House plan gives banks 24/7 tokenized settlement while keeping customer money inside regulated deposit accounts.

8 hours ago

Macro

Bitcoin price rebound wobbles as Israel defies Trump and hits Iran, sending oil back toward $100

Bitcoin held above $60,000, but analysts warn the move was driven more by forced short covering than renewed investor demand.

10 hours ago

Regulation WLFI +2.45%

Trump’s family crypto feud spills into customer accounts after wallet freeze

HTX will move eligible USD1 users into USDT as World Liberty Financial faces fresh scrutiny over its onchain freeze controls.

11 hours ago

Lending

Morgan Stanley’s Galaxy deal points to Bitcoin’s next institutional test: lending collateral

Morgan Stanley’s Galaxy deal shows the next phase of institutional crypto adoption is moving beyond ETF access and into collateral markets.

13 hours ago

Price Watch ETH +4.32% Bearish

Ethereum’s $1,500 test shows how quickly Wall Street’s crypto trade has turned

ETF withdrawals, exchange inflows and options positioning show pressure building around crypto’s second-largest token.

1 day ago

Analysis

DeFi’s old hack vectors are fading – But the new risk can hit six chains at once

The good news is that bridge hacks and flash-loan attacks are fading; the bad news is that protocol logic bugs are becoming much harder to contain.

1 day ago

Regulation

Crypto rails made prediction markets global, gambling laws may make them local again

South Korea’s reported probe into Polymarket users follows broader action against event-contract platforms.

1 day ago

AI’s power race is shifting leverage from chipmakers like NVIDIA to the grid

AI’s biggest bottleneck is no longer chips or talent, but electricity—and the companies controlling the grid now have the strongest hand in tech.

1 day ago

Regulation

CLARITY Act chances of passage this year falls to 60%, Galaxy Digital says

Analysts say the CLARITY Act faces a narrowing path as lawmakers approach the August recess without a deal on stablecoin yield and ethics provisions.

1 day ago

Macro

A needed $900B Treasury cash rebuild could quietly drain the liquidity Bitcoin needs

A looming Treasury cash rebuild is threatening to tighten financial conditions for Bitcoin.

1 day ago

Regulation HYPE +9.76%

Hyperliquid’s UK warning reveals the regulatory test behind its Wall Street push

Hyperliquid’s growing derivatives market has pulled in traders and drawn a UK warning.

2 days ago

AI Bearish

AI’s $800 billion spending boom is becoming Bitcoin’s Fed problem

The AI spending frenzy that lifted tech stocks could become turn into an inflation shock that delays the liquidity cycle Bitcoin traders have been waiting for.

2 days ago

Analysis

May jobs report explained: Why 172,000 jobs means higher rates, pricier loans, and a Bitcoin drop

A jobs report this strong sounds like good news right up until you follow it through to the Fed, where it closes the door on the rate cuts that borrowers and crypto traders have been counting on.

2 days ago