Coinbase, the Blockchain Association and the DeFi Education Fund urged the Senate to pass the 616-page merged draft, while Sen. Angela Alsobrooks called its DOJ-led ethics enforcement "wild and unserious and stone-cold crazy."
Crypto executives and policy groups called on the Senate to move quickly after Senate Republicans released updated text of the Digital Asset Market Clarity Act on July 22, while key Democrats attacked the draft's approach to policing crypto conflicts of interest among government officials, the dispute most likely to determine whether the bill reaches 60 votes before the August recess.
Senate Banking Digital Assets Subcommittee Chair Cynthia Lummis released the updated text, which merges the versions passed by the Banking and Agriculture Committees into a single bill. The full text runs 616 pages, according to Fox Business alum and Crypto in America host Eleanor Terrett, who reported the release followed stakeholder briefing calls earlier in the day.
"This is another step in my years-long journey to ensure the U.S. leads the way on digital assets," Lummis said in the statement. "The coming weeks are likely the last real chance we will have for years to get this right." She added a commitment "to reaching a deal in the coming days that will allow this legislation to become law."
The Clarity Act, which cleared the Senate Banking Committee 15-9 in May, would split digital asset oversight between the SEC and the CFTC. Senate Majority Leader John Thune intends to move to floor action in the coming days before the summer recess, his office told CoinDesk.
Coinbase: "Let's Finish This"Coinbase CEO Brian Armstrong posted on X that the bill is "ready for a full Senate floor vote."
"The bill represents a true bipartisan compromise with thousands of hours of work on both sides, and it couldn't come at a better time," Armstrong wrote. "There's no federal framework, so bad actors like FTX can harm U.S. customers and much of the industry has gone offshore totally outside U.S. purview."
He said Stand With Crypto members have sent 950,000 messages to members of Congress, and cited polling he said shows 70% of American voters want comprehensive crypto legislation.
Coinbase Chief Policy Officer Faryar Shirzad thanked Senators Tim Scott, Lummis and John Boozman, writing that "while the industry did not get everything it wanted, this bill is an extraordinary achievement and strikes the right balance." In a thread, Shirzad highlighted 1:1 customer asset segregation rules, federal AML standards, and ethics language that he said covers the president and vice president "for the first time ever."
Blockchain Association CEO Summer Mersinger said in a statement the text "reflects years of work and a major step toward clear rules, strong consumer protections, robust ethics provisions, and continued U.S. leadership in digital assets," adding the group is "reviewing the text closely."
DeFi Developer Protections SurviveThe DeFi Education Fund, which has pressed for developer protections throughout the negotiations, said the Blockchain Regulatory Certainty Act section is unchanged, meaning non-custodial developers won't be treated as money transmitters. Developer protections under the Exchange Act and Commodity Exchange Act remain, as does the self-custody provision known as the Keep Your Coins Act.
The group counted 25 sections related to sanctions and anti-money laundering, including a new Title IX on law enforcement tools added in response to concerns from law enforcement groups.
"At first glance, this title appears to be smart regulation that will provide law enforcement with appropriate tools without overregulating software developers," the group wrote.
Ethics Section Remains the FlashpointAccording to Terrett, the ethics package was negotiated between the White House and GOP Senators Lummis and Bernie Moreno without Democratic sign-off. It bans the president, vice president, members of Congress, federal judges and their spouses from issuing or sponsoring digital assets for compensation while in office, with a sunset date of Jan. 20, 2029. Covered officials would have to sell crypto holdings or place them in a blind trust, and the Department of Justice would get civil enforcement authority, including the ability to sue exchanges that knowingly list prohibited tokens.
Democrats zeroed in on the DOJ's role. Speaking at a briefing event, Maryland Democrat Angela Alsobrooks called the enforcement proposal "wild and unserious and stone-cold crazy," according to Semafor reporter Eleanor Mueller. "We must empower state-level attorneys general. … It's an absolute that we cannot completely rely on the DOJ given what we've seen," Alsobrooks said.
Texas Republican John Cornyn told Mueller he shares some of law enforcement and banks' concerns over the text and is "diving in … to see if they can be addressed," adding it is "premature" to say whether he would vote against the bill: "We're just getting started."
Moreno pushed back on Democratic criticism, writing that "this ethics provision breaks new ground as the most powerful ethics language in US history," and calling for the bill to get a floor vote.
Clock Running DownThe bill needs at least seven Democratic votes to clear the Senate's 60-vote threshold, a math problem that has hung over the effort for weeks. The Senate leaves for its summer recess in roughly two weeks, and the first week of August is widely viewed as the last window for passage this year, with lawmakers focused on midterm elections after September.
PANews June 26 news, according to official sources, AI agent infrastructure layer Orthogonal announced the completion of a $4.3 million funding round, led by Pantera Capital, with participation from Y Combinator, Pioneer Fund, Decasonic, Blast Club, Outbound Capital, Rice Capital, Surreal by Premise and Batch Ventures, among others.
Orthogonal is building an instant capability discovery and invocation payment platform for AI agents. Through a single integration, agents can instantly discover the needed tools based on demand, orchestrate them, and pay on-demand, solving the current problem of agents failing or hallucinating due to fixed tools.
Binance Alpha will today launch the exclusive Token Generation Event (TGE) for CAP (CAP)
According to official announcements, Binance Alpha will launch the exclusive Token Generation Event (TGE) for CAP (CAP), with the subscription period running from 18:00 to 20:00 (UTC+8) on June 26, 2026. Eligible users must participate using Alpha Points.
10 minutes ago
Serenity: High-beta stocks typically fall first during broad market corrections, but also recover earlier.
Serenity issued a statement noting that global financial markets are currently undergoing a broad correction, with no clear end in sight. Major Asian stock indices are under broad pressure: South Korea’s KOSPI fell 8.18%, Japan’s Nikkei 225 dropped 4.8%, and Taiwan’s Weighted Index declined 3.82%. Meanwhile, high-growth stocks that had previously posted strong gains have also suffered severe losses, with individual names like SOI and RKLB logging cumulative declines of 30% to 40% recently. Per historical market patterns, high-beta stocks typically enter a correction phase ahead of the broader market and tend to see steeper drops, but they also often lead the rebound once the market stabilizes. Excluding South Korea’s inherently highly volatile market, a single-day decline of 3% to 4% in major indices usually signals a rapid cooling of market risk appetite, making the short-term market environment quite challenging.
10 minutes ago
Jiang Zhuoer: "AI bubble may burst once incremental funds dry up"
Jiang Zhuoer, founder of BTC.TOP (formerly LTC Pool), posted that liquidity in the US stock market is no longer sustainable. Just as the Bitcoin bull market ends when new inflows fail to support price rallies, the AI bubble will burst when new capital can’t sustain stock price gains. Initially, tech stocks rallied broadly, then only AI-related stocks advanced, and now only storage stocks are still rising—even AI leader Nvidia has started to decline.
10 minutes ago
Yesterday, U.S. spot Bitcoin ETFs recorded a net outflow of $691.7 million, while U.S. spot Ethereum ETFs posted a net outflow of $81.9 million.
According to Farside's monitoring data, U.S. spot Bitcoin ETFs posted a net outflow of $691.7 million yesterday, while Ethereum ETFs saw a net outflow of $81.9 million.
PANews reported on August 6th that Pacman, co-founder of Blur and Blast, responded to netizens' questions on the X platform, saying: "Looking forward to showing you what we have coming next." It is reported that the most recent post on Blast's official X account was published on May 13th, and it has been approximately three months since then.
In brief House Democrats skewered the SEC over its handling of crypto cases. The development came as a crypto market structure bill appeared to derail. They devoted plenty of ink to Tron founder Justin Sun and his ties to China. Rep. Maxine Waters (D-CA), the top Democrat on the U.S. House Financial Services Committee, was among lawmakers who blasted the Securities and Exchange Commission on Thursday over its handling of enforcement actions against crypto firms.
The letter, which was also written by Reps. Brad Sherman (D-CA) and Sean Casten (D-IL), accused the regulator of selectively enforcing securities laws against crypto firms, while alleging that Tron founder Justin Sun has connections with China, putting U.S. security at risk.
“The SEC’s whiplash policy reversal from vigorous enforcement against unscrupulous crypto players to possible abandonment of a strong case creates the appearance that political considerations, not legal merits, potentially drove this decision,” the lawmakers wrote in the letter addressed to SEC Commissioner Paul Atkins regarding Sun’s case.
A spokesperson for the SEC declined to comment to Decrypt.
The letter came as the passage of a crypto market structure bill appeared increasingly unlikely, following Coinbase’s decision to pull support for the legislation.
The bill seeks to clarify jurisdictional boundaries between the SEC and the Commodity Futures Trading Commission, with the CFTC to assume oversight of spot crypto trading if it passes.
That development followed weeks of intensive lobbying on issues including decentralized finance (DeFi) and stablecoin rewards.
Under Paul Atkins, the SEC has dumped enforcement actions against numerous crypto firms, most of which were brought under former Chair Gary Gensler. In the letter, lawmakers specifically called out the agency’s retreat from cases involving Binance, Coinbase, and Kraken.
They underscored that crypto firms spent tens of millions of dollars to help U.S. President Donald Trump win re-election in 2024, before he tapped Atkins to reshape Gensler’s work. On the campaign trail, Trump accused the figurehead of leading an “anti-crypto crusade.”
Chasing the SunAlthough the letter was reminiscent of partisan conflicts over crypto in prior years, the lawmakers detailed “an opportunity to demonstrate to Americans that the SEC still has their back”: leaning back into its case against Sun, one of Trump’s biggest crypto boosters.
The SEC sued Sun in March 2023, claiming that his companies conducted over 600,000 wash trades to artificially inflate the TRX token’s volume, along with fraud and unregistered securities violations. The SEC asked a judge to pause the case in February to explore a resolution.
“The SEC’s request to stay the Sun litigation, and subsequent efforts to settle the matter, may have been unduly influenced by Sun’s relationship with the Trump family, including his significant financial contributions to their businesses,” they wrote.
Decrypt has reached out to Tron for comment.
Sun, who was recognized as a top holder of the president’s meme coin with a gold watch at a controversial private dinner last year, has also invested $75 million in World Liberty Financial, a DeFi project backed by members of the Trump family.
Sun said on X, in a since-deleted post, that he would buy $10 million worth of tokens offered by World Liberty in September, which lawmakers called “an apparent effort to persuade [the team] that he is committed to the project,” and that they should unlock his frozen tokens.
While the lawmakers devoted paragraphs to those companies, they also devoted several pages to the Chinese-born billionaire. The section reiterated allegations the SEC brought against Sun, including a celebrity endorsement scheme.
“In late 2024 and throughout 2025, including during pending settlement discussions with the SEC, Sun has gone above and beyond to funnel money to the Trump family crypto businesses,” the lawmakers wrote. “These circumstances create a clear appearance of regulatory capture and political interference that strikes at the heart of the SEC’s independence.”
The lawmakers added that their concerns are “compounded by outstanding questions regarding ties between the Tron Foundation, Sun, and the People’s Republic of China (PRC), which suggest that Sun may be a security risk” to the U.S.
Although Sun is a representative of Grenada, lawmakers cited news reports and court records indicating he resides in China and maintains links to PRC Party institutions. That included an announcement in 2021 from Sun that he would work with China’s Central Party School on a project linked to the country’s central bank and an internet censor.
The lawmakers cited a news report from The Verge, in which Sun suggested he had obligations to powerful government officials. They also referenced a pseudonymous investigator on X named “BoringSlueth,” who claims Tron’s 2017 initial coin offering drew deep participation from wallets connected to a CCP-linked “crypto crime cartel.”
“The Commission must demonstrate that its enforcement and supervisory decisions have been—and will remain—free from foreign pressure or interference,” the lawmakers added. “The involvement of a PRC national who the SEC believes may reside in Hong Kong raises a set of questions regarding the susceptibility of the SEC to potential foreign influence.”
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Bitcoin news today, January 30, is not about BTC’s latest drop, spike, or technical indicators. Instead, it has to do with the nomination of Kevin Warsh as the next Chairman of the Federal Reserve, replacing Jerome Powell in May. The news affected markets in different ways, and this time, Bitcoin showed more stability than other asset classes.
The announcement opens a new chapter for monetary policy and will create a ground where certain coins will flourish. DeepSnitch AI, an upcoming AI crypto whose level of sophistication and massive market are generating a lot of talk, might become the first 100x blast of the Warsh era.
New Fed Chairman Kevin Warsh has optimistic views on BTC Table of Contents
New Fed Chairman Kevin Warsh has optimistic views on BTCCryptos likely to thrive in 20261. DeepSnitch AI (DSNT)2. Bitcoin (BTC)3. LEO Token (LEO)ConclusionFAQsWhen is it likely that Bitcoin will recover $100k?What distinguishes LEO from other coins?How can DeepSnitch AI generate 100x returns? Bitcoin news today was filled with analyses of what the Warsh nomination might mean for BTC and the crypto market as a whole. Some noted comments against Bitcoin playing a role as money, but one old statement stood out: for Warsh, Bitcoin was just “the newest, coolest software that will provide us the opportunity to do things we could never have done before”.
The statement is significant. You might not find too much Bitcoin breaking news related to the essence of what BTC represents: the most ambitious attempt to embed software into finance.
On the day Kevin Warsh was nominated to be Chairman of the Federal Reserve, while gold and silver collapsed, Bitcoin showed relative stability. (Source: TradingView).
Other Bitcoin news today came, in an indirect way, from gold and silver. Much has been said about Bitcoin’s characterization as “digital gold” being wrong, because it is more volatile and risky than physical gold, the safe haven asset.
And yet, on Jan. 30, while gold crashed -8.84% and silver had an Armageddon day, losing -31% (its 2nd worst day ever in recorded history), Bitcoin stood relatively stable, falling only -0.72%.
Apart from some BTC macro updates, the next section reviews DeepSnitch AI and LEO, another surging token.
Cryptos likely to thrive in 2026 1. DeepSnitch AI (DSNT) Bitcoin news today shows that while price movements and trends are important for investment, other kinds of factors sometimes play a bigger role. That’s what makes investing so difficult, particularly for crypto.
But DeepSnitch AI is coming to change that with the novel power of AI. The project is developing a system of AI agents (most of which are already alive and thinking) that extracts business intelligence out of data and info, including not only on-chain data, but also off-chain sources.
These agents can perform different tasks that complement each other (like assessing trends or checking a coin’s legitimacy), resulting in a tool that radically improves investing for more than half a billion crypto holders worldwide.
This revolutionary concept has already generated high enthusiasm. The presale has raised more than $1.4 million in just 4 stages, reaching the 5th stage in record time. In fact, the pace has been so fast that the presale schedule had to be extended until the end of Q1.
And despite this speed, the entry price is still only $0.03755. Moreover, several bonuses are given, including an unusually generous bonus of 300% for purchases of at least $30k (meaning that a 25x price increase would generate a 100x return).
But as the project moves at the speed of a bullet train, those aiming for explosive returns have to move faster and take part in the presale now.
2. Bitcoin (BTC) Apart from the announcements above-referred, Bitcoin news today also included a potential merger between Tesla and SpaceX that would consolidate one of the world’s largest corporate bitcoin holdings (20,000 BTC) under a single roof. If realised, the merger would become one of the largest institutional Bitcoin flows (internal in this case) ever recorded.
Beyond these daily news, the most important macro update for BTC is the fact that, after the Greenland crisis, gold & silver’s rally and collapse, new Fed Chairman, and countless doom voices, Bitcoin has not fallen below $80,000.
3. LEO Token (LEO) Bitcoin news today may have overshadowed the performance of LEO during the last 10 days of January, but the behaviour of the 21st largest cryptocurrency is worth observing.
Between Jan. 20 and Jan. 31, LEO surged from $8.62 to $9.24. This represents a 7.2% increase, which might not be as impressive as other spikes, but which took place in a continuous and smooth way, and shows a momentum still going on.
Remarkably, none of the 20 coins with a higher market cap than LEO outperformed it during this period.
Conclusion Bitcoin news today wasn’t about Bitcoin, but what the new Chairman of the Fed thinks about BTC and crypto. And as a new Fed era is about to begin, the crypto that most people expect to become the first 100x explosion is DeepSnitch AI.
But enjoying the benefits of that performance requires quick action on your part. Exponential returns will be reserved for those who invest now in the presale and take advantage of given bonuses: 30% code: DSNTVIP30, 50% code: DSNTVIP50, 150% code: DSNTVIP150, 300% code: DSNTVIP300.
Visit the official website to buy into the DeepSnitch AI presale now, and visit X and Telegram for the latest community updates.
FAQs When is it likely that Bitcoin will recover $100k? Nothing in Bitcoin news today indicates that it will happen soon. But let’s suppose that it happens in February. If you buy BTC at its current $83k-$85k range, your return would be 20% at most. With DeepSnitch AI, your returns could surpass 100x.
What distinguishes LEO from other coins? If you look at its historic chart, you’ll see that when the coin spikes, it tends to consolidate its gains, not lose them. That’s the performance that is expected from DeepSnitch AI, though the gains will likely increase with market adoption.
How can DeepSnitch AI generate 100x returns? When DeepSnitch AI reaches 1.3 million users, DSNT’s price is expected to be $3.75, which is about 100x its current price. But if you invest $30k today, the 300% bonus will make you earn 100x returns with only a price of $0.94, which is expected much earlier.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Here's what signals that XRP's bears might step back soon.
The latest market downtrend has not been kind to Ripple’s XRP, whose price slipped by nearly 25% over the past two weeks.
However, some key factors suggest the bulls may soon regain control.
Rally on the Way? Last week, Ripple’s cross-border token fell to almost $1.10, its lowest point since November 2024. In the following days, it recovered from the sharp decline and currently trades at roughly $1.40, still well below the levels seen in previous months.
Certain elements, including the XRP exchange reserves, suggest that a further revival could be on the horizon. According to CryptoQuant’s data, the amount of coins stored on Binance recently fell to approximately 2.55 billion, the lowest mark since the beginning of 2024. As of this writing, the reserves on that particular platform stand at around 2.57 billion XRP, or quite close to the local bottom.
XRP Exchange Reserves on Binance, Source: CryptoQuant This trend indicates that investors have been shifting from centralized trading venues to self-custody methods, which in turn reduces immediate selling pressure.
The spot XRP ETFs are the next bullish factor on the list. Recall that the first such product in the USA, which has 100% exposure to the asset, saw the light of day in November 2025. It was introduced by Canary Capital, whereas shortly after, Bitwise, Franklin Templeton, 21Shares, and Grayscale did the same.
The investment vehicles have seen solid demand, with total cumulative net inflows surpassing $1.23 billion. The last negative daily netflow occurred on January 29, meaning institutional investor appetite remains high.
You may also like: XRP’s Price Could Explode to $8, But This One Zone Is Holding It Back 5 Reasons Why Bitcoin Just Crashed Below $63K as Liquidations Top $500M XRP’s Biggest Warning Sign Is Still Flashing Despite Easing Whale Activity Spot XRP ETFs, Source: SoSoValue Some technical setups also hint that XRP could make a decisive move to the upside soon. X user Niels spotted the formation of an “inverse head and shoulder pattern” on the token’s price chart. The configuration consists of three bottoms, with the middle being the lowest, and a “neckline” that connects the highs between the dips.
Analysts believe a breakout above the “neckline” could fuel a substantial pump. Niels, for instance, claimed that a jump above the $1.44 level might be that spark.
Something for the Bears It is important to note that the environment of the broader crypto market remains predominantly bearish, so a renewed downtrend for many leading digital assets (including XRP) in the near future is not out of the question.
XRP’s Relative Strength Index (RSI) also suggests that the bulls may have to take another blow soon. The technical analysis tool measures the speed and magnitude of recent price changes and is often used by traders to identify potential reversal points.
It ranges from 0 to 100, and readings above 70 signal that the asset is overbought and due for a pullback. In contrast, anything below 30 is considered a buying opportunity. Data shows that XRP’s RSI currently stands at around 72.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Kevin Warsh, recently nominated for Federal Reserve Chair, has filed an extensive financial disclosure revealing personal assets exceeding $100 million. His portfolio spans crypto, artificial intelligence ventures, and private equity investments. The document, submitted to the US Office of Government Ethics, marks the final administrative requirement ahead of his potential Senate confirmation hearings.
Warsh’s wealth includes major crypto and tech investmentsThe 69-page financial disclosure outlines a strikingly broad investment strategy. Among the largest reported holdings are two stakes, each over $50 million, in the Juggernaut Fund LP, a private investment vehicle. Warsh also reported $10.2 million in consulting income from the investment office of billionaire Stanley Druckenmiller.
Additional assets are held under THSDFS LLC, with around two dozen individual positions, each valued up to $5 million. Details for these holdings were not fully disclosed, owing to confidentiality commitments. Together, these investments form a significant portion of Warsh’s declared financial interests.
Many assets not listed with explicit values are reported to relate to artificial intelligence and cryptocurrencies, suggesting diversified exposure to emerging technologies. Notably, he holds positions in Blast, an Ethereum layer-two scaling project, signaling engagement with blockchain infrastructure.
Warsh’s stake in Bitwise Asset Management also stands out. Bitwise is recognized for its role in managing a prominent US-listed spot Bitcoin ETF, underlining Warsh’s connection to major players in digital asset investment domains.
The disclosure process required Warsh to commit to divesting from the Juggernaut Fund and THSDFS LLC if confirmed. Heather Jones, a senior analyst with the Office of Government Ethics, officially signed off on the document, noting compliance will be secured following the divestitures.
Uncertainty looms over Senate confirmation timelineWhile Warsh has cleared the main hurdles for ethics review, the Senate Banking Committee must still set a date for his confirmation hearing. Initially, the committee considered April 16, but pending filings caused postponement beyond that window.
Public attention around the nomination process has increased due to additional political factors. Senator Thom Tillis of North Carolina has stated his intention to hold up any vote on Federal Reserve nominations until a criminal investigation involving current Fed Chair Jerome Powell is settled. Powell’s term concludes on May 15, making the timeline increasingly tight.
Tillis has publicly asserted that no nominees will advance until the Department of Justice completes its review. In his words,
“I will oppose the confirmation of any Federal Reserve nominee, including for the position of Chairman, until the DOJ’s inquiry into Chairman Powell is fully and transparently resolved.”
Kevin Warsh previously served as a Federal Reserve Board governor from 2006 to 2011. He is known for his Wall Street background and his work as a visiting fellow at Stanford University’s Hoover Institution. Warsh has been active in both advisory and academic circles, providing commentary on economic policy and central bank reform.
Despite having completed the required ethics paperwork, Warsh now faces a potentially unpredictable confirmation schedule driven by external legal proceedings and Senate leadership decisions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
TLDR: A forged cross-chain message released $292M in unbacked rsETH due to a single-DVN bridge misconfiguration. Ether.fi pinned message libraries and raised DVN verification to a unanimous 4/4 threshold on all chains. weETH bridging will be deprecated on Scroll, Swell, Bera, zkSync, Mode, Blast, Morph, and Sonic by June. Ether.fi joins DeFi United and contributes 5,000 ETH to support coordinated cross-chain security response. Ether.fi has disclosed its full response to the April 18 rsETH exploit that affected Kelp DAO. A forged cross-chain message released approximately $292 million in unbacked rsETH during the incident.
No systems on the platform were directly compromised. The EtherFi Liquid vaults also had no direct exposure to rsETH.
The event exposed a critical vulnerability in DeFi cross-chain messaging infrastructure. This led the protocol to execute a protocol-wide security hardening across all 20 chains where weETH is deployed.
Three-Layer Security Hardening Deployed Across weETH Pathways The root cause of the exploit was a single-DVN configuration lacking redundancy. Ether.fi’s bridge had previously enforced two or more DVNs on all pathways. Still, the incident triggered a full review and three concrete hardening measures.
The first fix involved message library pinning on every weETH pathway. Ether.fi pinned the SendUln302 and ReceiveUln302 addresses into weETH’s OApp-specific configuration slot.
This blocked LayerZero’s multisig from swapping in a library that bypasses DVN verification. The fallback path has been fully closed across all chains.
The protocol then pinned its four-DVN set and raised the verification threshold to 4/4. Every inbound weETH message now requires attestation from all four DVNs.
A single malicious or unavailable DVN halts the message rather than being bypassed. LayerZero independently reviewed and confirmed the updated configuration.
Furthermore, the platform tightened per-route rate limits across all bridge contracts it controls. Each source and destination pathway now enforces a conservative inbound and outbound weETH cap.
These limits sit on contracts fully controlled by the protocol. They remain effective regardless of upstream bridge provider behavior.
Chain Deprecations and the Formation of DeFi United Beyond the immediate fixes, the protocol is evaluating a second independent bridge provider to reduce systemic risk. Chainlink CCIP and Wormhole are currently under consideration alongside LayerZero.
Cross-chain weETH messages would then require attestation from a quorum of providers. This move eliminates single-provider dependency entirely.
Following a systematic L2 risk assessment, ether.fi is deprecating weETH bridging on eight networks. Scroll, Swell, Bera, zkSync, Mode, Blast, Morph, and Sonic will be deprecated effective end of June.
To close the coordination gap in DeFi, ether.fi is joining the DeFi United collective. The coalition brings together Aave, Kelp DAO, LayerZero, and ether.fi.
Shared security standards and coordinated incident responses are its core focus. This approach ensures no protocol faces a cross-chain failure alone.
The EtherFi Foundation is contributing 5,000 ETH to a dedicated DeFi United relief vehicle. Other partners in the collective are also contributing alongside ether.fi. When future failures occur, the coalition aims for the ecosystem to respond as one.
PANews reported on April 30th that, according to PeckShield , Wasabi Protocol has allegedly suffered a breach of its administrator private key, resulting in the theft of approximately $ 5.5 million in assets across multiple blockchains including ETH , Base , Blast , and Bera . On-chain data shows that the attacker added a malicious address as a contract administrator through a single transaction. Wasabi Protocol previously stated on social media that it was aware of the issue, was investigating, and advised users to avoid interacting with its contracts at this time, promising further updates later.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
PANews reported on May 18th that Kelp announced on its X platform that, to ensure the highest security standards for rsETH, it will merge supported networks based on usage and integration levels. Starting June 15th, the following chains will no longer support rsETH cross-chain bridging: Optimism, Manta, Mode, Blast, Scroll, X Layer, zkSync, Zircuit, Swellchain, Hemi, Berachain, Sonic, HyperEVM, Unichain, TAC, Avalanche, Plasma Stable, MegaETH, Monad, and Movement. Users holding rsETH on these chains must bridge it back to the Ethereum mainnet before June 15th; otherwise, each address can pay 100 USDC for restoration.
Earlier today, Aave updated its rsETH technical recovery plan: WETH LTV has been restored to pre-event levels .
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Cryptocurrency trade groups are asking Illinois Gov. J.B. Pritzker (D) to pull a proposed transaction tax on digital asset trading from the upcoming state budget, calling the first-in-the nation levy “substantively unsound, procedurally deficient, and economically destructive.”
The Digital Chamber and Illinois Blockchain Association released a joint letter warning that the Digital Asset Privilege Tax Act would set off a mass exodus of digital innovators, emphasizing that no other state imposes a privilege tax on such trading.
The groups are urging Pritzker to strike the levy from SB 3019, an omnibus tax bill expected to generate more than $800 ...
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