Coindesk

Bitcoin BTC cooled off during U.S. trading hours Monday after nearly topping $123,000 earlier in the session, but market top calls are premature, analysts said.BTC slipped below $120,000 late in the U.S. day, shedding most of its overnight advance, but holding on to a modest 0.6% gain over the past 24 hours. Ethereum's ether ETH slid back below $3,000, while dogecoin DOGE, Cardano's ADA ADA and Stellar's XLM XLM declined around 2%-3% on the day.Among majors, XRP XRP, SUI SUI and Uniswap's UNI UNI outperformed with 2.5%, 10% and 6% gains, respectively.Crypto-linked stocks also retraced some of their morning gains, with Strategy (MSTR) and Galaxy (GLXY) still higher 3%-4%, while Coinbase (COIN) gained 1.5%After BTC surged over 10% in less...

When Congress established the Securities and Exchange Commission in 1934, it was responding to myriad failures of an antiquated financial system. The regulatory architecture that emerged provided the foundation for nearly a century of American financial dominance. Today, Congress faces a comparable moment: the opportunity to modernize America's financial infrastructure for the digital age.Two pieces of legislation now before lawmakers, the GENIUS Act on stablecoins and comprehensive market structure reform, represent more than incremental policy adjustments. Together, they constitute America's response to a fundamental shift in how money moves around the world.The stakes are considerable. The $240 billion stablecoin market, projected to reach $3.7 trillion by 2030, has emerged as critical financial infrastructure largely outside formal regulatory frameworks. Nearly all...

Three different crypto bills could potentially pass through the House of Representatives in the next few days: the GENIUS Act, the Clarity Act, and the Anti-CBDC Act.The “Guiding and Establishing National Innovation for U.S. Stablecoins of 2025” (GENIUS) Act would set up a framework for overseeing stablecoins. It has already passed the Senate, so it has a solid chance of becoming the first crypto-focused bill to be signed into law by the federal government.The “Digital Asset Market Clarity Act of 2025” (Clarity) Act, meanwhile, is a meatier piece of legislation that would create clear jurisdictional boundaries between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in the regulation of digital assets. The crypto industry has...

After nearly ten years in crypto, I've watched hundreds of projects promise to revolutionize everything from banking to art. Yet these revolutions have largely failed to materialize.The issue isn't technology. It's that we've been building solutions looking for problems, rather than focusing on solving real challenges and delivering real value.Most projects create tokens first, utility later. This speculation cycle has consumed the industry, measuring success by token price, not actual value creation. We're missing the crucial ingredient: a mechanism that rewards building useful things rather than building over-hyped useless things.What if there was a protocol that flipped this model and projects had to create value first, then get rewarded? That’s Bittensor.Bittensor: Rewarding Performance Over MindshareIn some ways Bittensor is like...

Native token of decentralized finance (DeFi) lending platform Aave AAVE surged to its strongest price in several months on MondayThe bluechip DeFi token topped $330 during the session before cooling off at $316, gaining 8% over the weekend.The rally came as the DeFi sector is heating up amid a broader crypto rally, with bitcoin BTC conquering fresh records above $120,000.Aave is the dominant player in DeFi lending, and has just hit $50 billion in deposits on the protocol, a fresh record level.The platform also poised to be one of the biggest gainers of advancing U.S. crypto regulations, analysts said."Aave is the biggest lending platform in decentralized finance (DeFi), and it could be a major winner from the GENIUS Act," digital...