Category: News

US Senators Urge Regulators to Clarify Crypto Capital Rules

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A group of Senate Republicans has urged US financial regulators to clarify the capital standards for companies engaged in crypto activities. Senator Cynthia Lummis said on Thursday that she led the group in sending a letter on May 27 to Federal Reserve Vice Chair for Supervision Miki Bowman, Federal Deposit Insurance Corp. Chairman Travis Hill, and Comptroller of the Currency Jonathan Gould. The letter commended the agencies’ guidance in March that clarified the capital treatment of tokenized securities, but urged them “to build on that progress to move towards a…

Ethereum Price Downtrend May Not Be Over—Sub-$1,700 Levels Loom

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Ethereum price started a fresh decline and traded below $1,750. ETH is now consolidating below $1,750 and might continue to move down. Ethereum remained in a bearish zone after a fresh decline below $1,800. The price is trading below $1,780 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1,750 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $1,820 zone. Ethereum Price Remains In Downtrend Ethereum price failed to…

Bitcoin Price Pain Isn’t Over Yet As Selling Pressure Persists

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Bitcoin price started a fresh decline below the $65,000 zone. BTC is showing bearish signs and might continue to move down if it dips below $62,000. Bitcoin failed to stay above $65,500 and extended losses. The price is trading below $64,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance near $63,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $65,000 and $65,500 levels. Bitcoin Price Extends Losses Bitcoin…

Peter Brandt Warns Bitcoin May Drop Further as October Becomes Key Window

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Key Takeaways Brandt said bitcoin has reached his initial downside target near the February low area. Further declines or a capitulation event could occur before stability returns. Earlier cycle projections pointed to a $300,000-$500,000 bitcoin peak by 2029. Peter Brandt Says Bitcoin May Not Find a Tradable Low Until October Bitcoin’s latest drop has returned BTC to the February low area that veteran trader Peter Brandt identified as his initial downside target. Brandt has traded markets for decades and is known for applying classical chart analysis to commodities, foreign exchange,…

XRP Long-Awaited Wave Structure Finally Unfolds – What Comes Next?

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XRP has entered a pivotal stage as the wave structure traders have been tracking for months finally begins to take shape. With volatility increasing and crucial price levels approaching, the next few moves could provide valuable clues about whether XRP is nearing a bottom or preparing for another leg lower before a sustained recovery can begin. Breaking Key Support As Long-Awaited Setup Unfolds According to CasiTrades, the crypto market is finally showing the selling pressure that many analysts have been anticipating for months. As a result, XRP has begun breaking…

Fannie Mae-Backed Bitcoin Mortgage Heads Nationwide

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Key Takeaways Coinbase and Better completed a pioneering Fannie Mae-backed mortgage tied to bitcoin collateral. Qualified borrowers can pledge bitcoin or USDC to support down payment financing. The milestone arrives as federal housing agencies examine crypto in mortgage assessments. Bitcoin Collateral Moves From Crypto Portfolios Into Home Lending The first Fannie Mae-backed bitcoin mortgage has been funded, clearing the way for a nationwide rollout. On June 4, Coinbase (Nasdaq: COIN) and Better Home & Finance Holding Company (Nasdaq: BETR) announced the milestone, describing it as “the first Fannie Mae-backed mortgage…

Sugarcane-Powered Bitcoin Mine to Launch in Brazil With Tether Backing

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Key Takeaways Adecoagro and Tether set a July 1st launch for a green bitcoin farm, next boosting eco-friendly markets. Matheus Lechuga revealed a 10 MW farm to power 1,280 rigs, next upgrading bitcoin market efficiency. Tether bought Adecoagro via a $600M deal, blending agriculture and Bitcoin to disrupt energy markets. Tether-owned Adecoagro to Pilot Sugarcane-Fueled Bitcoin Mining in Brazil Mining companies are migrating to cheaper, greener power sources to maintain their operations economically viable and protect the environment. Adecoagro, one of the largest agricultural companies in Latam, has announced a…

Bitcoin’s Great Wealth Transfer May Fuel Next Rally: CryptoQuant CEO

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CryptoQuant CEO Ki Young Ju says Bitcoin’s current distribution phase may be less a sign of structural weakness than a major transfer of supply from old market participants to US financial institutions, ETFs and new long-term holders. In a series of posts on X, Ki argued that selling by Bitcoin OGs and long-time miners is part of a broad “change of hands” rather than evidence that the asset has exhausted its cycle. The key question, in his view, is not only how much supply is being sold, but who is…

SEC’s Hester Peirce Defends Open-Source Blockchain Developers

Caroline Bishop Jun 04, 2026 22:05 SEC Commissioner Hester Peirce advocates against applying securities rules to blockchain developers, emphasizing decentralization and free speech. SEC Commissioner Hester Peirce has once again voiced her support for open-source blockchain developers, arguing that publishing decentralized software should not automatically subject creators to securities regulations. Speaking on June 3, 2026, at the IC3 Blockchain Camp hosted by Princeton University, Peirce highlighted the risks of applying traditional financial rules to decentralized technologies. “Many blockchain projects involve publishing open-source…

OCC Head Says he only Feels ‘Political Pressure’ from Democrats over Crypto Trust Charter

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Jonathan Gould, the Comptroller of the Currency (OCC) nominated by Donald Trump, implied that the US president had not ordered him to approve or give special consideration to a national trust charter application tied to his family’s financial interests. In a Thursday hearing of the House Financial Service Committee on “oversight of prudential regulators,” New York Representative Gregory Meeks questioned Gould on the Trump family crypto company World Liberty Financial’s connections to foreign governments and the Binance exchange. The company, whose co-founders include Trump and his sons, applied for an OCC…