Crypto News
Why this Bitcoin-Friendly Lawmaker Carries a US Debt Clock in His Pocket
The Granite State was first to adopt a Bitcoin-buying bill.Source link
Paradigm Urges CFTC to Craft DeFi Perps Regulatory Path
Crypto investment firm Paradigm has called on the U.S. Commodity Futures Trading Commission (CFTC) to develop a comprehensive regulatory framework specifically for decentralized finance (DeFi) perpetual derivatives, arguing current proposals focus too narrowly on centralized platforms. CFTC Advisory Committee Proposed for DeFi Perpetuals Paradigm submitted comments responding to a CFTC request for input on perpetualSource link
Rain Expands Stablecoin Visa Cards to Solana, Tron and Stellar as Digital Payment Gains Momentum
Rain, a crypto card platform that lets users spend stablecoins anywhere Visa (V) is accepted, said it has added support for Solana SOL, Tron TRX and Stellar XLM networks.The update makes it easier for companies building on those chains to launch their own branded cards, backed by either custodial or non-custodial wallets, that work across borders and payment use cases. Users can then pay with stablecoins in real-world scenarios like buying groceries, sending business payouts or receiving funds overseas.The move underscores the growing trend of using blockchain rails for everyday payments, primarily in the form of stablecoins, a special subset of digital tokens tied to fiat currencies. Stablecoin payment volume taken in February of this year amounted to an annualized...
Bitcoin’s Path to $120K Faces Mounting Sell Pressure, Glassnode Report Warns
Bitcoin surged to a record all-time high this week, marking its third all-time high (ATH) this cycle and igniting broad market activity. Glassnode Data Shows Bitcoin Profit-Taking Surge Amid Record Highs According to Glassnode researchers Cryptovizart and Ukuria OC, this breakout signals accelerating investor engagement across exchanges, derivatives, and exchange-traded funds (ETFs), though the $120,000Source link
Ether Outperforms DeFi Market in May, Bouncing From Woeful Start to the Year
Ether ETH has increased in value by 45% over the past 30 days, outperforming the decentralized finance (DeFi) market and bitcoin, which are up 21% and 13% respectively in the same period.Much of ether's rise has been attributed to institutional interest that has led to record inflows from spot ETH ETFs.ETH's rise came after a lull in sentiment earlier this year as rival layer-1 blockchains like Solana took the limelight with a flurry of memecoin releases.At the turn of the year ETH was trading at $3,340 however by early April it had tumbled to as low as $1,472 amid global uncertainty related to U.S. tariffs. But now, as documented in an article by CoinDesk analyst Omkar Godbole on Thursday, ether...