Market Updates
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Stablecoin Bill: GENIUS Act Advances Following Cloture Vote
The U.S. Senate has moved one step closer to passing the GENIUS Act, a bill that would create new rules for stablecoins. The bill got strong bipartisan support, with 68 senators voting in favor and 30 against a motion to limit debate. The vote happened this week, and a final vote on the bill could…
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Crypto Industry celebrates as BRCA Is Included in CLARITY Act
Major players in the cryptocurrency sector, including Uniswap, Jump, and six other leading organisations, have welcomed the inclusion of the Blockchain Regulatory Certainty Act (BRCA) in the CLARITY Act. This initiative, highlights by Journalist Eleanor Terrett in an X post, is seen as a critical step in protecting developers working on non-custodial blockchain technologies. The…
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Tether Open-Source Bitcoin Mining OS to Boost Dentralization
Tether has announced plans to open-source its proprietary Bitcoin Mining Operating System (MOS). The move, revealed by Tether CEO Paolo Ardoino in a recent social media post, aims to reduce the dominance of large mining corporations and provide smaller operations with the tools needed to compete daily. Ardoino emphasised that MOS eliminates the need for…
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ConsenSys-Linked Whale, Buys $320 Million in Ethereum, Stakes $120 Million
A major Ethereum investor linked to ConsenSys, bought $320 million worth of ETH this week and staked $120 million of it, signalling strong confidence in the cryptocurrency. According to Arkham intelligence, this investor, linked to ConsenSys, purchased 100,000 ETH from Galaxy Digital. Market experts say that this kind of large-scale buying is a bullish sign…
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NewGen Invests $30M in Solana Staking, Expands Crypto Strategy
In a surprising move outside its core business, Asian fertility services provider NewGen Group Limited (NASDAQ: NIVF) is stepping deeper into the world of crypto, having announced a $30 million stake in Solana (SOL), a fast-growing blockchain known for its low fees and high-speed transactions. This investment follows its earlier $1 million Bitcoin purchase in…
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UK’s IG Group Launches XRP Spot Trading in Big Crypto Push
In a bold move to tap into the rising interest in digital assets, UK-based IG Group has launched spot trading for XRP and 37 other crypto on its platform. The $3.5 billion trading firm has now become the first London-listed broker to offer direct retail access to a wide range of crypto tokens, including Bitcoin…
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SEC Delays Decision on Grayscale’s Cardano and Avalanche Spot ETFs
The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on two proposed crypto exchange-traded funds (ETFs) from Grayscale, one for Cardano (ADA) and the other for Avalanche (AVAX). The delay pushes the review deadline from May 29 to July 13, 2025, continuing a trend of cautious evaluation by the regulator. Grayscale…
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Russia Allows Qualified Investors to Trade Crypto-Linked Derivatives
Russia’s central bank is taking a cautious step into the world of digital assets. On Wednesday, the bank announced that qualified investors can now gain exposure to crypto through certain financial products, without owning the actual coin. Under the new rules, banks and financial institutions are allowed to offer derivative products that are tied to…
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The Truth About Token Unlocks: Market Manipulation or Healthy Growth?
In the fast-moving world of crypto, timing is everything and few events seem to shake the market quite like token unlocks. These are scheduled releases of tokens that were previously locked up, which are often given to early investors, or the community. When large amounts of tokens hit the market at once, they often spark…
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How Telegram Is Quietly Becoming a Web3 Powerhouse Through TON
While most eyes are on Solana, and other major Web3 players, Telegram is silently developing its own niche in the decentralized universe, fueled by the revival of TON (The Open Network). The project that was once abandoned, now enables crypto wallets, dApps, NFTs, mobile applications, and everything else through the Telegram application. With more than…