Crypto News
Crypto Market Structure Bill Passes One House Committee, But Faces Steep Climb in Another
The crypto market structure bill needs to pass both the House Agriculture and Financial Services committees to reach a full floor vote.Source link
No One Fell for It: Paraguay’s Bitcoin Legal Tender Announcement Was a Zero-Sum Hack
A recent social media post by President Santiago Peña announcing the enactment of bitcoin as Paraguay’s legal tender, shook the crypto community. Nonetheless, this turned out to be a scheme by attackers who gained control of the account and tried to take advantage. Attackers Compromise Paraguay’s President X Account, Announce Bitcoin as Legal Tender ParaguaySource link
56% of Fortune 500 Firms Pursue Onchain Projects: Coinbase
A majority of Fortune 500 firms are now developing onchain initiatives, with blockchain adoption also gaining momentum among small and midsize businesses, according to new data published by Coinbase. Blockchain Adoption Is Rising, According to the Latest State of Crypto From Coinbase Research released by Coinbase this week reveals that 56% of Fortune 500 executivesSource link
Cathie Wood’s ARK Invest: Bitcoin Gains Coming Alongside Clear Stress in Housing, Autos
Bitcoin’s BTC rise to new all-time highs is happening on a backdrop of deep economic strain, according to a new report from Cathie Wood-led ARK Invest.Bitcoin's 11.1% climb in May, outpaced gold and broke through key resistance levels, said ARK. Gains also coincided with clear signs of stress in the housing and auto sectors, traditionally seen as pillars of U.S. consumer strength.In housing, the number of sellers has far outpaced buyers, a trend ARK links to the Federal Reserve’s steep rate hikes since 2022. With affordability deteriorating, pressure is mounting on prices in what remains the largest source of household net worth. Meanwhile, auto sales, which surged earlier this year in anticipation of tariffs, collapsed in May — falling to...
Trump-Linked Bitcoin Mining Firm Adds 215 BTC to Treasury in Bold Power Play
The Trump-affiliated firm American Bitcoin disclosed in a recent U.S. Securities and Exchange Commission (SEC) filing that it has acquired “approximately 215 bitcoin” to bolster its reserves. American Bitcoin’s Crypto Bet Grows American Bitcoin, a mining venture established in early 2025, emerged through a collaboration between Hut 8—a North American digital asset mining firm—Eric Trump,Source link