Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Tether-linked Fellowship PAC filed its first FEC disclosure and reported a $300,000 independent-expenditure ad buy for Georgia’s GA-14 House race. The payment, dated April 6 and aired April 7, went to Nxum Group LLC and backed Republican candidate Clay Fuller. The Tether-linked Fellowship PAC also framed its agenda around “regulatory clarity” and US digital-asset leadership, including support for the CLARITY Act. The filing was signed by treasurer Mitchell Nobel. On April 1, 2026, Jesse Spiro—Tether U.S. Head of Government Affairs / Regulatory Affairs—was named chairman, tightening the PAC’s ties to Tether’s U.S. policy work. While the PAC claimed more than $100 million in “committed funds” at launch in September 2025, earlier FEC data showed no contributions or receipts, and donor identities remain undisclosed pending future reports. For crypto traders, this is primarily a politics-and-policy signal rather than a direct crypto inflow. The $300k scale is small versus major crypto election spenders, so near-term price impact on USDT is likely limited unless follow-on funding or legislative progress materially shifts sentiment on stablecoins and broader crypto regulation.

The TRUMP token selloff is worsening losses and triggering fresh political scrutiny. The memecoin TRUMP has fallen nearly 90% from its January 2025 peak above $73, hitting around $2.73 in March 2026 and trading near $2.81. World Liberty Financial’s governance token WLFI is also pressured. WLFI dropped to an all-time low near $0.07, down about 75% from its September 2025 peak around $0.31. Traders are increasingly questioning the long-term viability of both Trump-linked projects as performance deteriorates. The latest catalyst is political controversy around an April 25 Mar-a-Lago “crypto gala” announced for token holders. U.S. senators Elizabeth Warren, Richard Blumenthal, and Adam Schiff reportedly asked for details, arguing access appears tied to holding TRUMP tokens—raising influence-peddling and incentive concerns. For traders, this is a headline-driven risk-off setup for meme and politics-linked tokens. Further regulatory or reputational pressure around the TRUMP token could keep liquidity thin and volatility elevated into the April 25 date.

Tok-Edge, a London digital asset firm, has exited stealth to launch its Redemption Token alongside a new institutional fund and confirmed a $15M valuation. The company says it raised ~$1.5M at the $15M valuation pre-launch, with an expected anchor commitment of up to $10M led/anchored by Marcus Meijer and a syndicate of institutional backers. Key structure: Redemption Token is required for investors to redeem fund shares at NAV. While ownership economics stay tied to the fund shares, the Redemption Token can circulate independently on public blockchains (including Ethereum), enabling secondary-market price discovery and potential DeFi usage for yield/liquidity—while keeping redemption mechanics inside the regulated fund. Fund terms: launch cap is $21M, priced at 1 token per $1 of launch commitment. Tok-Edge targets a $100M first close later in 2026. The strategy is actively managed across liquid crypto and DeFi, combining directional exposure with staking and liquidity-provision yield. For traders: the Redemption Token model could support further tokenized-fund adoption, but near-term price effects depend on actual token liquidity, exchange listings, and fund performance rather than a guaranteed immediate demand spike for the underlying crypto.

The U.S. Treasury’s Office of Cybersecurity and Critical Infrastructure Protection (OCPP) has launched a free “threat intelligence” program for eligible digital asset firms. The U.S. Treasury threat intelligence is designed to deliver bank-grade, actionable cyber data to help companies detect, prevent, and respond to attacks, aligning with recommendations from the President’s Working Group on Digital Asset Markets. Access is not universal. Firms must meet Treasury’s qualifying requirements, so the program is likely concentrated among major exchanges, custodians, and infrastructure providers rather than all smaller players. Treasury framed the move as operational information-sharing—rather than a new rule—expanding cyber risk visibility across the sector. The rollout comes as reported crypto incidents worsen. PeckShield said crypto exploits rose 96% in March 2026, with attackers increasingly targeting cloud infrastructure weaknesses and using AI phishing. Chainalysis reported a sharp jump in impersonation scams (+1400%) and rising AI-enabled fraud, while researchers warned of “shadow contagion” spreading risk across DeFi. For crypto traders, this is a security and policy upgrade more than a direct price catalyst. In the short term, market impact may be limited because eligibility scope is unclear. Over time, improved U.S. Treasury threat intelligence could gradually reduce headline cyber risk for major platforms and tighten compliance and incident-response expectations—supporting more stable risk sentiment.

Senator Cynthia Lummis warned the CLARITY Act may not pass until at least 2030, arguing Congress could miss a rare window for US crypto market structure reform. She urged immediate Senate action, calling it the “last chance” before 2030. Backers are pushing the Senate to advance market structure legislation during the current session. Former White House AI and crypto adviser David Sacks said the Senate Banking Committee should approve the CLARITY Act, followed by the full Senate, and expected President Trump to sign it if cleared. Coinbase leadership echoed calls to regain momentum after delays. However, progress is constrained by unresolved disagreements over stablecoin yield rules. Paul Grewal said these issues still need resolution ahead of a potential Senate Banking Committee “markup.” Separately, former SEC chair Paul Atkins urged broader “comprehensive market structure” legislation. For traders, the key risk is timing: a stalled CLARITY Act could weigh on sentiment toward US-focused crypto market-structure plays. Conversely, any signs the Senate Banking Committee is moving toward markup could provide short-term relief for risk appetite.

XRP saw a sudden sell-off in the later hours, dropping from around $1.36 to below $1.33. The breakdown accelerated after XRP breached $1.35, which then flipped from support to resistance. Sell volume surged during the fall, while buy interest faded. Bulls failed to reclaim the key level after the dip, suggesting the market structure has turned more bearish. Traders should watch XRP’s $1.35 pivot for stabilization. If XRP cannot hold $1.33, downside risk points to the $1.32–$1.31 demand area. On the upside, the $1.40–$1.41 zone has repeatedly capped rebounds and remains major resistance. Volatility appears to be easing, but weak momentum raises the odds of another decisive move in the next sessions—either a floor near $1.33 or continued seller control.

Ethereum is emerging as the dominant layer for Real-World Asset (RWA) tokenization, with $22.5B in tokenized fund assets already on-chain (about 71.9% cross-chain share). The latest update highlights institutional-grade treasury and tokenized money-market demand, including JPMorgan’s MONY market fund on Ethereum and products tied to BlackRock’s BUIDL and Franklin Templeton’s on-chain funds. RWA use cases extend beyond settlement: Ethereum DeFi is positioning itself for autonomous agents managing idle capital, with trader-relevant prerequisites like stable yield, deep liquidity, lower smart-contract risk, and reduced centralized counterparty risk. The article also notes improving security on Ethereum mainnet, with DeFi loss share declining versus TVL. On the infrastructure side, Broadridge is referenced for on-chain governance for tokenized equity, while Galaxy Digital is cited as the staking provider for BlackRock’s ETHB staked Ethereum ETF—linking institutional flows more directly into Ethereum-based infrastructure. For traders, the combined picture is stronger Ethereum-linked institutional demand around tokenized treasury and ETF-related narratives, which can support sentiment and liquidity.

A validator on the XRP Ledger, “Vet,” argues that quantum computers are unlikely to threaten most XRP holders soon. He estimates around 300,000 dormant XRP accounts holding about 2.4B XRP have never sent outgoing transactions, so their public keys are not exposed and are considered more resistant to quantum attacks. By contrast, only two large dormant “whale” XRP accounts (about 21M XRP total) have been inactive for over five years and have exposed public keys, creating a more concentrated wallet-level risk. Vet says this vulnerable slice is tiny network-wide (about 0.03% of total supply), implying limited impact on overall XRP security. Mitigation points are practical: the XRP Ledger is account-based and supports signing key rotation, so users can refresh keys without changing the account. The article also notes escrow structures using hashlocks may increase attacker cost. Overall, the news frames “XRP quantum risk” as a wallet-hygiene and edge-case exposure issue, not an imminent price catalyst. Broader concerns around BTC/ETH remain unresolved in the wider quantum debate, but no quantum computers capable of breaking public blockchains exist today.

XRP around $1.35 on April 11 after a slight daily rise and about a 3% weekly gain, as traders wait for the US Congress to reconvene on April 13. The XRP CLARITY Act is expected to re-enter the agenda, with the Senate Banking Committee possibly reviewing amendments before any next vote. Because XRP often reacts quickly to US crypto regulation headlines, the next legislative updates could drive near-term volatility. Market sentiment remains split between policy timing and technical positioning. A longer-term outlook from EGRAG CRYPTO highlights harmonic-based XRP targets, ranging from $4–$7 to larger expansions at $13 and $27, plus “system shift” and macro repricing scenarios near $225 and $100. Traders are also focused on the bill’s broader momentum: analysts linked committee progress to potential XRP ETF inflow upside, while lawmakers’ remarks raise timing pressure around the May window. Net: XRP may stay headline-driven through April 13, with the Senate Banking Committee phase acting as the key catalyst.

Aethir said it contained a bridge exploit on its ATH cross-chain bridge contracts, and user losses were kept under $90,000. The Aethir bridge hack was assessed as a malicious attack on contracts linking Ethereum to other chains. Aethir quickly disconnected the affected contracts and said its ATH supply on Ethereum remains intact, reducing the risk of broader disruption. Earlier, PeckShield estimated losses around $400,000 and described attacker fund movements from BNB Chain to Tron via multiple addresses. Aethir later revised the figure to under $90,000 and plans to publish full compensation details next week, including affected users. It also said the incident did not impact the ETH-ARB bridge on Squid. To limit follow-on damage, Aethir is working with authorities and exchange partners to trace the attacker and freeze related funds. Binance, Upbit, Bithumb, and HTX reportedly blacklisted identified wallets quickly. A wallet list is expected to be posted in Discord as monitoring continues. For traders, this Aethir bridge hack updates uncertainty around cross-chain losses and highlights ongoing bridge risk. The gap between early and revised estimates may drive short-term volatility, but credible compensation and wallet blocking can help stabilize sentiment.

Reports say Iran may accept cryptocurrency for Strait of Hormuz oil tanker tolls to reduce exposure to US sanctions. However, no official, verifiable payment framework has been published, so market moves are driven mainly by commentary and conflicting claims. In a later update, Galaxy’s Alex Thorn questioned whether the initial “Bitcoin (BTC) tolls” claim is fully supported. Some accounts suggest tolls could instead be paid in stablecoins or even Chinese yuan. For a Bitcoin (BTC) scenario, Thorn said the most operationally likely approach could be using standard BTC addresses rather than Lightning, given estimated toll sizes of roughly $200,000–$2 million per ship. He also noted the largest known Lightning transaction is about $1 million, raising feasibility concerns at larger state-linked payment sizes. Bitcoin advocates argue BTC may be more difficult for third parties to freeze or block because Bitcoin has no issuer and lacks a built-in freeze function. By contrast, stablecoins such as USDT/USDC rely on issuer controls (e.g., blacklist/freeze mechanics), which could introduce compliance risk under sanctions. For traders, the key is headline risk plus execution uncertainty. Watch BTC on-chain activity and any large, time-sensitive payment behavior, since any credible shift from stablecoins back to Bitcoin could impact sentiment around BTC’s real-world use under sanctions.

A federal judge in Arizona temporarily blocked state officials from enforcing gambling laws against **Kalshi event contracts** while the CFTC’s jurisdiction argument is reviewed. Judge Michael Liburdi ordered Arizona to stop any civil or criminal actions tied to **Kalshi event contracts** listed on CFTC-regulated markets, with the restraining order in place until April 24. The dispute is whether **Kalshi event contracts** are financial products under federal derivatives rules or are instead treated as state-regulated gambling. The CFTC argued these products qualify as “swaps” under the Commodity Exchange Act, and the court signaled the federal government is likely to prevail—leading to immediate enforcement relief, including a pause on the criminal track. Broader U.S. prediction-market regulation remains unsettled. Related rulings and actions include a New Jersey limitation tied to CFTC’s exclusive jurisdiction, Nevada extending a ban for being close to sportsbook-style wagering, and Utah moving against proposition-style markets. For crypto traders, the near-term takeaway is regulatory noise around prediction-market venues rather than a direct token catalyst: **Kalshi event contracts** get temporary breathing room, but cross-state legal divergence keeps policy risk elevated.

The U.S. CFTC crypto task force, launched March 24, aims to clarify crypto regulation and tighten unified oversight of digital assets. CFTC Chair Mike Selig leads, with Michael Passalacqua heading the group. Legal and blockchain experts—including Hank Balaban, Sam Canavos, Mark Fajfar, Eugene Gonzalez IV, and Dina Moussa—are tasked with drafting clearer, compliance-oriented frameworks. Alongside the CFTC crypto task force, the agency introduced an “innovation tracking system” to monitor progress on regulatory clarity, market integrity, and emerging technologies. Priority areas include cryptocurrencies and blockchain, AI systems, and contract and prediction markets. Regulatory context may shift further: the SEC has indicated many crypto assets may not be securities. However, broader rebalancing depends on momentum for the CLARITY Act, which would set a comprehensive digital-asset market framework and define cross-agency supervisory roles. SEC Chair Paul Atkins said both agencies are prepared to enforce the CLARITY Act if Congress advances related market-structure reforms. For traders, the near-term effect hinges on how quickly the CFTC crypto task force turns guidance into enforceable rules, and whether the CLARITY Act gains traction—factors that could reduce compliance uncertainty over time.

U.S. Senators Elizabeth Warren, Adam Schiff, and Richard Blumenthal are investigating a Mar-a-Lago conference and gala tied to the TRUMP token and its reported token-gated access model. The Senate Banking, Housing, and Urban Affairs Committee said the inquiry focuses on financial conflict concerns, political influence, and market-structure risks. In a document request to Fight Fight Fight LLC (described as a co-issuer/operator), lawmakers want communications and planning details for the April 25, 2026 event. They also point to how the TRUMP token announcement drove a brief price surge—rising to around $3.08 before falling sharply—suggesting fragile speculative demand. The latest reporting highlights access limits and revenue concentration. Attendance is reportedly restricted to the top 297 TRUMP holders, with enhanced access for the top 29 wallets. CIC Digital LLC and Fight Fight Fight LLC are alleged to control about 80% of “Trump Cards” and receive trading-related revenue, raising conflict-of-interest questions. The senators also cite investor-harm claims, including estimates that TRUMP and MELANIA-related activity wiped out roughly $4.3 billion in retail wealth, alongside outcomes where ~2 million holders remain underwater while early wallets allegedly captured about $1.2 billion in gains. Lawmakers signaled that Congress may need legislative changes to curb political monetization via crypto. For TRUMP token traders, this adds reputational and regulatory overhang and increases event-driven volatility risk, especially around announcement cycles and access mechanics.

Flare has submitted FLR tokenomics to overhaul supply and value flow, aiming to cut inflation and capture MEV at the protocol level. Under the proposal, FLR annual inflation would drop from 5% to 3% (from ~5B to ~3B tokens per year), alongside the launch of the Flare Income Reinvestment Entity (FIRE) to route protocol revenue into ecosystem incentives, token buybacks, and token burns. The core change moves block-building toward a protocol-driven builder model, so more MEV stays on Flare instead of external MEV searchers. It also raises the minimum gas fee from 60 gwei to 1,200 gwei, which the plan estimates could lift annual FLR burns from ~7.5M to ~300M at current activity. Reward allocation would tilt toward P Chain staking, while infrastructure entities are guaranteed at least 20% of fee-derived revenue. Ahead of the vote (notice April 9–16; voting April 17–24), Flare reports ~880,000 active addresses and TVL around ~$165M, with over 150M FXRP minted and largely deployed in DeFi. If approved, traders should monitor how this FLR tokenomics shift changes burn dynamics, staking demand, and near-term user behavior.

Deribit crypto options expiry is underway on Deribit, with more than $2.2B in expiring contracts concentrated in BTC and ETH. The event can create short-term moves as desks rebalance, roll, hedge, or close positions ahead of settlement—often boosting Deribit volumes and liquidity at major strikes. For Bitcoin (BTC), expiring notional is about $1.9B. Deribit’s “max pain” sits near $69,000. Since BTC is trading above this max pain area, positioning may support price gravitating toward key strike levels in the final hours of the crypto options expiry. For Ethereum (ETH), expiring notional is around $328M. ETH’s max pain is near $2,050. Put activity has been heavier into expiry, while open interest and volume suggest a mix of hedging demand and call positioning. Liquidity clustering near major strikes could raise short-dated ETH volatility as settlement approaches. Traders should watch for changes in open interest, volume spikes, and price behavior relative to BTC and ETH max pain during the crypto options expiry window. The catalyst is expected to be more near-term than trend-setting.

Zcash (ZEC) is extending gains after a strong weekly surge, trading around $379.9 and up roughly 15% in 24 hours. Traders increasingly point to a bullish shift on the Myriad prediction market (run by Dastan), where the odds of ZEC hitting $420 in April rose to 60% from about 20% bearish sentiment the day before. This implies another ~10% upside from current levels, supporting a potential continuation trend. A specific Zcash catalyst is not clearly identified, but the article links the move to broader crypto strength. Risk sentiment improved after a conditional US–Iran ceasefire arrangement reduced escalation risk, lifting major assets and enabling a “risk-on” rotation. Zcash also benefits from a wider privacy-coin bounce, though the category’s weekly performance is mainly driven by ZEC (along with DASH). The news also revisits a Zcash security point: a vulnerability in zcashd nodes tied to the deprecated Sprout shielded pool was disclosed and patched after late March, reducing “derisking” concerns for millions of dollars in ZEC. For traders, the setup is momentum-led and tied to market-wide flows. Earlier tape dynamics highlighted rising activity in derivatives and short liquidations, with traders watching key resistance near $330 and extension scenarios toward the $400 zone if ZEC breaks higher. However, if the rally is mostly squeeze-driven and macro risk-on fades, ZEC could retrace back toward the low-$200s.

U.S. Treasury Secretary Scott Bessent and Fed Chair Jerome Powell reportedly met major Wall Street bank CEOs to warn about Mythos AI cybersecurity threats tied to Anthropic’s new AI model, according to Bloomberg. Bank executives from Citigroup, Bank of America, Wells Fargo, Morgan Stanley, and Goldman Sachs discussed how Mythos AI could help find and exploit vulnerabilities across operating systems and web browsers—prompting banks to harden defenses for financial infrastructure. The concern intensified after leaked draft materials, with reports saying Mythos AI could discover thousands of software bugs and even zero-day flaws during testing. Anthropic says the behavior came from broader improvements in coding, reasoning, and autonomy—not from deliberately training the model to hunt security holes. Anthropic limits access to a small group and is running controlled trials via Project Glasswing with technology and cybersecurity partners to identify and patch critical vulnerabilities before attackers can use them. For crypto traders, this is a TradFi cybersecurity risk headline rather than a direct token catalyst. Still, if markets fear disruptions to payment rails, exchanges, or custody providers, it can weigh on short-term risk sentiment. Separately, Anthropic also reported strong momentum (over $30B annualized revenue mentioned in one report), which may keep attention on wider AI governance and security controls.

Bittensor’s ecosystem was shaken on Apr 10, 2026 after Covenant AI—the team behind the Covenant-72B model and one of the network’s largest subnets—announced it would abandon Bittensor. The news triggered a sharp selloff in TAO: the token fell about 27% in roughly two hours (around $338 to a low near $285), then rebounded slightly to about $294, with CoinGlass citing roughly $11M in long-position liquidations. The dispute centres on accusations of centralised control versus Bittensor’s “decentralisation” narrative. Covenant AI founder Sam Dare alleged Bittensor co-founder Jacob Steeves (“Const”) had unilateral influence, including claims of the ability to suspend subnet emissions, revoke moderation/community rights, and apply token-sale pressure to force compliance. Steeves denied these claims, saying he could not suspend emissions or deprecate Covenant’s channels and moderation rights. Traders also focused on “exit liquidity.” The later report says Dare may have sold/liquidated about 37,000 TAO across multiple subnets ahead of the public exit, amplifying sell-side pressure (and potentially worsening downstream users with TAO locked in Grail, Basilica, and Templar subnets). In response, Bittensor proposed a “lock-based subnet ownership” framework to better link subnet valuation to longer-term developer commitment and provide earlier notice around unlocks. For TAO traders, the near-term focus is whether governance reforms can reduce future sell-off risk and whether liquidity/narrative catalysts (including potential ETF headlines) can offset ongoing, governance-driven volatility in TAO.

Coinbase Asset Management and MarketVector launched the Coinbase Store of Value Index (COINSOV), a rules-based benchmark that dynamically allocates between Bitcoin (BTC) and tokenized gold. The goal is to keep Bitcoin’s upside while bringing drawdowns closer to a more traditional gold-like profile. COINSOV uses an inverse-volatility weighting model. It quarterly tilts toward the asset with lower realized volatility over the look-back period, then rebalances quarterly to follow the risk signal. In practice, the index holds BTC and Pax Gold (PAXG), an asset-backed token tied to vaulted bullion, enabling onchain institutional tracking and trading infrastructure. MarketVector backtests (2017–2025) claim COINSOV delivered better risk-adjusted returns than static BTC–gold splits, with materially smaller maximum drawdowns versus a naïve 50/50 mix. For traders, COINSOV may not trigger immediate spot inflows, but it supports the “BTC + gold” risk-managed store-of-value narrative and gives institutions a live benchmark tied to BTC and PAXG. Because rebalancing is quarterly, it could also shape expectations for how such value-preservation allocations behave during high-volatility regimes—especially when BTC’s cycle-driven volatility diverges from gold’s steadier behavior.

Galaxy Digital (GLXY) and Broadridge are building on-chain voting for tokenized equities, aiming to run for Galaxy’s May 2026 annual shareholder meeting. The system targets a major market-structure flaw in “street-name” custody: retail holders can become nominal participants, while voting rights may be delayed or misaligned across intermediaries. Key mechanics include on-chain voting submitted from investors’ wallets and distributed records for a multi-chain audit trail. The platform also unifies voting across registered, beneficial, and tokenized holders, using a dedicated Layer 1 blockchain built on Avalanche (AVAX) before spreading data across additional chains. The article frames this as more than a pilot by citing Broadridge-scale operations (tokenized-asset processing at a very large monthly level). It also flags a governance-speed risk: faster settlement and execution could amplify market stress before regulators respond, so “programmable” controls (e.g., cooling periods or delayed execution) may be needed. Trading relevance: this is a governance and tokenized-securities infrastructure upgrade, not a direct token catalyst. Near-term price impact for crypto is likely limited, but it could support medium-term sentiment toward institutional on-chain infrastructure and RWA adoption.

BitFuFu (FUFU) reported unaudited bitcoin production for March 2026 of 214 BTC, down from 227 BTC in February. Daily output fell to 6.9 BTC from 8.1 BTC the prior month. The miner also said it holds 1,794 BTC in total. Earlier reporting showed BitFuFu produced 229 BTC in January 2026, about +22% month-over-month versus 188 BTC in December 2025, with BTC holdings around 1,796 BTC. Together, the data points to a short-term slowdown after a stronger start to the year. For crypto traders, this is a mining-production datapoint, not a policy or macro catalyst. A month-over-month drop in bitcoin production may slightly reduce near-term operational throughput, while the large existing BTC treasury (1,794 BTC) can buffer market-supply expectations. Watch next monthly prints for any rebound or further changes tied to hashrate/difficulty, since those often influence BTC-related sentiment.

WikiEXPO 2026 will be held in Hong Kong on July 23–24 at the Hopewell Hotel, with a pitch focused on Asia’s largest fintech and Web3 meeting. Organisers expect 12,000+ professionals, 200+ speakers and 100+ exhibitors from 120+ countries. The agenda spotlights the themes reshaping global markets: Fintech and AI, cryptocurrency and digital assets, Web3.0 and DeFi, next-generation payments, FX and liquidity solutions, and ESG in finance. Sessions include keynotes, panels, fireside chats and networking, with regulators, founders and technologists. Named in the release are TRON founder Justin Sun, DFINITY founder and Chief Scientist Dominic Williams, and executives/advisors linked to Tether, Binance, KuCoin and the TRON/HTX ecosystem. The organisers describe Hong Kong as an “East-West” bridge for fintech and digital-asset innovation. Free registration is open, along with sponsorship/exhibitor opportunities. The announcement is framed as an event-partner note and is not investment advice. For traders, the heavy crypto/DeFi focus signals continued industry momentum into mid-2026, but there is no direct catalyst for any single token.

The Trump administration and US regulators have launched a coordinated campaign to force the Senate Banking Committee to schedule a delayed markup of the CLARITY Act, aiming to set clearer US crypto rules before the 2026 midterms. Treasury, the White House Council of Economic Advisers, the SEC and the CFTC have issued reports, op-eds and proposed rules to pressure lawmakers after the bill sat idle for nearly a year. Key figures—Treasury Secretary Scott Bessent, SEC Chair Paul Atkins and CFTC Chair Mike Selig—say implementation planning is already under way via “Project Crypto.” They argue that once Congress acts, sufficiently decentralized assets can shift from SEC securities oversight to CFTC digital-commodity oversight. The biggest fight inside the CLARITY Act centers on stablecoins, especially whether yield-bearing stablecoins should be allowed. The White House Council of Economic Advisers argues banning stablecoin yields would have only a limited fiscal impact on bank lending (estimated at about a $2.1B increase) but could create welfare losses for consumers. At the same time, regulators are applying a compliance “stick.” FinCEN and OFAC proposed tougher stablecoin controls under a GENIUS Act framework, treating stablecoin issuers as “financial institutions” for AML/sanctions compliance and requiring technical capability to block, freeze or reject transactions tied to unlawful or sanctioned activity. For traders, the CLARITY Act push is a potential medium-term catalyst because it may reduce regulatory uncertainty and support institutional positioning. In the near term, however, stricter stablecoin compliance could tighten flows and add volatility if the Senate remains politically gridlocked or if stablecoin rules look restrictive.

Covenant AI, the team behind the Covenant-72B model, says it has exited Bittensor, calling the network “decentralization theatre.” The announcement followed renewed accusations that Bittensor founder Jacob Steeves (“Const”) effectively controls key governance in a “triumvirate” setup and resists power transfer. Covenant AI claims Steeves suspended emissions for its subnets, cutting income, and used large TAO token sales as “economic pressure.” Steeves denies these points, saying he cannot directly suspend emissions and that any emission changes are normal on-chain buy/sell activity; he also said moderation restrictions were temporary. Price reaction was immediate. After the exit, TAO fell more than 15% (over 24 hours). Sell volume reportedly spiked to the highest level since Dec 2024 ahead of the announcement, with some analysts viewing it as planned execution. Newer reporting adds another layer: a site called “Tao Papers” published internal documents and on-chain forensics alleging that from 2023–2026, Steeves-controlled infrastructure proposed, first-signed, and deployed 38 of 41 Bittensor upgrades, with other signers co-signing within minutes and without public discussion. Steeves pointed to a future plan for “headless” subnets but did not directly address emissions/governance-control claims. For TAO traders, this is a governance-and-alignment shock. Expect elevated volatility as narrative risk and token sell-pressure concerns compete with any rebuilding/roadmap expectations.

U.Today and earlier on-chain reporting point to renewed HYPE whale activity that looks like accumulation. A newly created wallet (0x96eb) deposited $5M USDC into Hyperliquid, then bought 59,239 HYPE (about $2.39M), suggesting fresh positioning rather than an exit. Technically, HYPE has recovered from the sell-off and is trading above key moving averages (including 50- and 100-day lines) while trying to reclaim the 200-day. The latest framing is “compression near resistance,” where sideways action may be absorbing supply instead of signaling weakness. RSI is described as elevated but not overheated, keeping upside momentum in play. For traders, the key trigger is whether HYPE can break and hold above the current resistance band. If it fails, a retest of lower support is possible, with mid-term moving averages acting as the likely line in the sand. Watch whether whale inflows continue alongside price holding above these averages—this is what would support another upside leg.

Ethereum stablecoins have reached a record $180B supply, with Ethereum holding about 60% of the total, according to Token Terminal. That’s up roughly 150% over three years, pointing to dollar-pegged liquidity consolidating in the Ethereum ecosystem. Ethereum stablecoins underpin trading, DeFi lending, and cross-platform transfers, so rising circulation often signals where on-chain capital is actively deployed. The report links this trend to tokenized real-world assets (RWAs). Token Terminal estimates up to $1.7T of new stablecoin-linked on-chain activity could enter blockchain ecosystems over the next four years, with Ethereum potentially capturing a meaningful share. Standard Chartered also expects more than $1T to flow from banks into stablecoins by 2028. A separate estimate from RWA.xyz puts Ethereum stablecoin value at about $168B, but still shows Ethereum’s leadership (around 56% market share, rising above 65% when including Ethereum-compatible networks and layer-2s like Arbitrum and zkSync Era). For traders, the key takeaway is liquidity concentration on Ethereum: stronger Ethereum stablecoins issuance and circulation can support DeFi activity and tighter local market conditions. Near term, the article stresses this is about on-chain financial flows—not an immediate, direct ETH price signal—so watch for catalysts from RWA adoption, while keeping an eye on cross-chain competition and regulatory risk.

Binance announced on X that the Binance Alpha airdrop will open for claims today at 17:00 (UTC+8). To participate, users must hold at least 240 Binance Alpha points. Claims follow a first-come, first-served rule until the pool is exhausted or the event ends. The Binance Alpha airdrop uses an updated Alpha Box model with a multi-project token pool and three reward tiers: common (60%), rare (35%), and ultra-rare (5%). If the rewards pool is not fully distributed, the points threshold will automatically drop by 5 every 5 minutes. For traders, the key is execution timing and points management. If demand exceeds supply, the shrinking threshold can speed up claiming and amplify near-term speculation around the specific eligible tokens Binance releases via its official channels.

Bitmine Immersion Technologies (BMNR) has started trading on the NYSE after moving up from NYSE American. The NYSE listing began at market open Thursday, marking a key step in Bitmine uplisting to a more regulated US venue. Alongside the Bitmine uplisting, the board unanimously expanded its July 2025 share buyback from $1B to $4B (including previously repurchased shares). Chairman Tom Lee said the company may retire shares “accretively” if BMNR trades below intrinsic value. For crypto traders, this is mainly a corporate-finance signal rather than a direct ETH catalyst. The link to the Ethereum ecosystem is indirect: Bitmine has been accumulating ETH, but today’s news is about capital markets access and shareholder returns. Watch whether BMNR-related risk-on flows and broader public-market appetite translate into steadier ETH demand. Bottom line: Bitmine uplisting and the larger $4B share buyback may slightly bolster confidence in crypto-linked treasuries, but any immediate impact on ETH spot is likely limited.