In a 68-30 vote, the US Senate chose to advance the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, more than a month after it was introduced. Speaking from the Senate floor on Wednesday, Majority Leader John Thune urged members of Congress to support the bill, echoing many of US President Donald … Read more
Are you wondering whether it’s time for altcoins to shine? The latest data from a key industry metric suggests we’re not quite there yet. The Altcoin Season Index, a popular gauge for understanding the current state of the crypto market, recently registered a figure that firmly places us in ‘Bitcoin Season’. Understanding the Altcoin Season … Read more
The cryptocurrency continued to hover just below $110K on Wednesday morning even as positive market data buoyed stock markets, before dipping below $109K later in the afternoon. BTC Holds Steady as Inflation Eases and US-China Trade Deal Boosts Market Sentiment A victory lap may be in the cards for the Trump administration as it successfully … Read more
This is a segment from The Drop newsletter. To read full editions, subscribe. Not all OpenSea users are happy about its plans to kill some features, as the company sets a date for its newly-launched OS2 to fully replace its predecessor. OS2, which primarily splits users into “Collectors” and “Pros,” was first teased back in … Read more
Today, June 11, 2025, the price of Hyperliquid’s HYPE token has reached a new all-time high, at nearly $43. This is a new crypto, which landed on the crypto markets only at the end of November last year, so at a time like this, it is not so unusual for it to register all-time highs. … Read more
The amount of staked ether has increased by more than 650,000 since the beginning of the year, reaching a record high of 34.653 million by June 8. This figure accounts for nearly 30% of the total circulating supply of ether. Mixed Fortunes for Ether, Bitcoin ETFs Since the start of the year, the number of … Read more
Wynn’s new wallet opened high-leverage longs on Bitcoin and PEPE. The wallet shows over $2 million in unrealized profits so far. Wynn had lost $100 million in May but still holds 770 Bitcoin. Just days after losing nearly $100 million in a single trade, crypto trader James Wynn is back in the spotlight and this … Read more
Key points: Bitcoin’s chance of hitting new highs increases as bulls show clear intent to defend the $109,000 level. ETH and HYPE are leading the altcoin charge. Bitcoin (BTC) has been holding near the $110,000 level, just short of the all-time high of $111,980. That suggests the bulls are holding on to their positions as … Read more
GBP/USD trades marginally higher on the day above 1.3500. The US Dollar struggles to outperform its rivals after inflation data. CPI and core CPI both rose at a softer pace than expected in May. Following Tuesday’s sharp decline, GBP/USD stages a rebound and trades above 1.3500 in the American session on Wednesday. At the time … Read more
A lead developer of the Geth Ethereum client has accused the Ethereum Foundation (EF) of secretly creating and funding a second Geth development team. The Geth client is the software used by validators to execute Ethereum transactions. According to an X post by core developer Péter Szilágyi, the organization undermined the Geth development team in … Read more