A razor-thin 48-49 Senate vote on Thursday torpedoed the GENIUS Act, and Ripple CEO Brad Garlinghouse says America just ceded the stablecoin race. He blasted lawmakers on X, and U.S. Treasury Secretary Scott Bessent warned that each day’s delay hands global rivals the billions pouring into dollar-pegged tokens. Ripple CEO Takes To Social Media “Stablecoins…
Tech titan Meta (META) has reportedly been looking into the possibility of a return to the stablecoin market after having spurred a U.S. regulatory backlash from its efforts in years past, and U.S. Senator Elizabeth Warren told CoinDesk that the pending legislation to govern stablecoins needs to insist that’s not possible. A high-stakes crypto bill…
XRP makes higher highs as it eyes $2.6 next. XRP Price Predictions to Watch This Week Key Support levels: $2.3, $2.0 Key Resistance levels: $2.6, $3 1. Buyers Return With the overall market heating up, XRP appears ready to make new highs and challenge the resistance at $2.6 next. Its most recent breakout saw the…
Spot Bitcoin (BTC) exchange-traded funds (ETFs) traded in the US reached a new all-time high of $40.3 billion in lifetime flows on May 8, according to Bloomberg data. Bloomberg senior ETF analyst Eric Balchunas said lifetime net flows are the most critical metric related to ETFs to watch. He explained that this metric is “very…
Washington’s crypto battleground erupted this week: the SEC will host a May 12 tokenization summit with Wall Street titans, the Senate hauled Donald Trump’s meme-coin ties into an ethics probe, and a landmark stablecoin bill collapsed by a single vote. SEC Brings Wall Street to Washington for Tokenization Roundtable In a bid to bridge traditional…
CryptoQuant CEO Ki Young Ju has revised his earlier prediction that the Bitcoin (BTC) bull cycle had ended, citing a shift in market structure and significant inflows through exchange-traded funds (ETFs) that are helping to absorb sell pressure. In a May 9 social media post, Ju acknowledged his March forecast was premature and the current…
Key Takeaways: Stablecoin regulation remains fractured following Senate rejection. Treasury Secretary warns that U.S. crypto dominance is at risk without the GENIUS Act. Democrats sank the bill over AML and national security concerns. A controversial 48-49 Senate vote on Thursday to reject the GENIUS Act has sparked an immediate backlash from U.S. Treasury Secretary Scott…
Democratic senators have requested that the US Treasury and Justice Department investigate President Donald Trump’s crypto ties to Binance, Bloomberg News reported on May 9. According to the report, the lawmakers made the request in a letter sent to Treasury Secretary Scott Bessent and Attorney General Pam Bondi. Details about oversight actions The letter, which…
[PRESS RELEASE – Panama City, Panama, May 9th, 2025] Gate.io has released its latest Proof of Reserves report. As of May 8, the total value of Gate.io’s reserves stands at $10.865 billion, with a total reserve ratio of 128.57% and an excess reserve of $2.415 billion. Currently, the BTC reserve ratio is 137.69%, with an…
German police seized €34 million ($38 million) in crypto from the platform eXch on May 8. This was part of an ongoing investigation into the alleged use of eXch for laundering funds stolen during Bybit’s record-breaking $1.4 billion hack in February 2025. Germany’s Federal Criminal Police Office (BKA) and Frankfurt’s main prosecutor’s office announced the…