Kevin Warsh wins Senate confirmation as Fed chair as inflation pressure complicates Trumps push for lower interest rates.
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As the Senate Banking Committee prepares to mark up the long-anticipated CLARITY Act on Thursday, Coinbase CEO Brian Armstrong has argued that the newest version of the bill represents a workable “compromise” and could meaningfully improve the US financial system. Speaking to FOX Business, Armstrong said the updated draft reflects concessions on both sides—what he described as the crypto industry meeting requests from bank lobbyists and lawmakers, while the banking sector also gave ground during negotiations. Coinbase CEO’s CLARITY Act Pitch Armstrong also highlighted one specific element tied to stablecoin rewards. He said the approach in the latest bill would only apply when there is “some sort of material activity on the account,” adding that he believes the overall package would make the system “more efficient.” The claim is that the legislation would help streamline financial services, reduce friction, and make access easier for consumers and businesses—while still keeping the framework aligned with banking-sector concerns that were raised during talks. Related Reading: New CLARITY Act Text Is Out: Expert Claims XRP Looks Strong In The Details Still, critics point to the banking industry’s pushback as evidence that the dispute is far from settled. As reported throughout the week by Bitcoinist, banking trade groups have opposed the CLARITY Act’s stablecoin-rewards provision, arguing that it could give crypto firms too much flexibility. Their position is that the policy might also encourage deposits to shift away from traditional, insured banking channels rather than strengthening them. Beyond the details of stablecoin rules, Coinbase CEO argued that the broader direction of the CLARITY Act reflects growing institutional interest in digital assets. In his view, banks are increasingly integrating stablecoins and crypto-related services because customer demand is rising—an angle that suggests the bill, if passed in its current form, could provide the clearer structure institutions want before expanding further. Can The Latest Crypto Bill Draft Survive? Supporters of the bill are not limited to Coinbase. Ripple CEO Brad Garlinghouse also backed the current push, commenting on social media site X (previously Twitter) that the Senate Banking Committee is “putting in the work” to move the CLARITY Act forward. Garlinghouse’s message emphasized that Ripple supports the bill because crypto businesses and major participants should have the “same rules and protections as every other asset class,” and because—if the US is serious about leading in crypto—this is the moment to finalize legislation and get it done. Even with that backing, the legislative road ahead is not smooth. Politico reported that Senator Elizabeth Warren, a well-known crypto skeptic, is vowing to pursue extensive changes to the bill through amendments. Related Reading: First Hyperliquid ETF Launch: Day One Volume Hits $1.8M–Key Details The reporting says Warren and others are preparing more than 100 amendments ahead of the markup, following the release of an updated 309-page draft that expands on an earlier 278-page version introduced in January. According to the same reporting, Warren submitted more than 40 amendments on her own, with much of the rest attributed to Democratic members of the Banking Committee. This mirrors earlier moves around the bill: the January markup session drew 137 amendments, and it was eventually cancelled after a period of resistance that included Armstrong and Coinbase withdrawing support for the bill at the time. For now, the core question going into Thursday’s markup is whether the latest CLARITY Act draft can hold together. Featured image created with OpenArt, chart from TradingView.com
Amazon's Swiss franc bond debut highlights its strategic diversification in funding, potentially influencing other tech giants' financing approaches.
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The scrutiny of Altman's investments could impact OpenAI's IPO valuation and raise broader concerns about regulatory risks in tech markets.
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The escalation could destabilize the region, impacting global energy markets and complicating international diplomatic relations.
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The MetaMask wallet builder had reportedly engaged bankers from JPMorgan and Goldman Sachs to lead the process.
Crypto pundit Pumpius has highlighted how XRP is quietly taking over with several upgrades and features on the XRP Ledger (XRPL). In line with this, the pundit also declared that this year will be the altcoin’s best year yet as it “moves the world.” XRP Is Quietly Taking Over Institutional Finance In an X post, Pumpius stated that while everyone is chasing memes and hype, the real story is that the XRP Ledger plumbing is quietly taking over institutional finance. He noted that in just two quarters, five massive protocol upgrades have dropped, and this is only the beginning for the network. Related Reading: Can XRP Catch Up To SWIFT? This Latest ISO Is Changing The Game As for other bullish fundamentals for XRP, he noted that spot ETFs are launching while CME futures are hitting $1 billion in open interest. Pumpius also mentioned that Moody ’s-related Wall Street debt was issued on the XRPL and that Société Générale is integrating its digital euro on the network. Meanwhile, the pundit noted that the institutional stack is live on the XRP Ledger. This includes the native lending protocol, Permissioned DEX, token escrow, and native zero-knowledge (ZK) proof technology. These features enable institutional investors to trade in a compliant, regulated environment. Pumpius declared that the “quietest, strongest foundation in crypto” is now fully armed for trillions in real-world value. He added that 2025 was “noise” and that this year is when XRP actually moves the world. XRP treasury firm Evernorth also highlighted the growth the XRPL is seeing this year, with its institutional utility on the rise. The firm shared data showing that transactions on the XRP Ledger have grown from 43 million to 71 million over the last year, a 65% increase. The top drivers of these transactions are Bitstamp, Ripple, Justtoken, Braza Bank, and VERT. XRPL Validator Floats Idea Of Layer-2s On XRPL XRP Ledger validator Vet recently floated the idea of layer-2s inside the XRPL layer-1, which could boost the network’s efficiency. He noted that such a move will keep the XRPL mainnet minimal and only used for things such as self-custody, settlement, and hard finality for the layer-2. Related Reading: XRP At $21.5 Isn’t A Bet: Why This Analyst Says A Measured Move Is Coming Vet also explained that the new layer-2 will run at a much higher TPS with its own features, a potential derivatives exchange, and rollups state to layer-1. He further noted that this will enable smooth interoperability between the two layers by collapsing the idea of a sidechain into a single place and addressing liquidity fragmentation barriers. The XRPL validator admitted that there are still many issues to address. This includes memory bloat, network bandwidth usage, and timer contention, since both layers will run at different block speeds. At the time of writing, the XRP price is trading at around $1.45, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Peakpx, chart from Tradingview.com
The looming Knesset dissolution vote could trigger early elections, potentially reshaping Israel's political landscape and Netanyahu's future.
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On Wednesday, the Senate voted to confirm President Donald Trump's pick for Federal Reserve Chair Kevin Warsh.
Warsh's likely Fed Chair role signals potential shifts in U.S. monetary policy, impacting market expectations and economic strategies.
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Grayscale's move could redefine privacy coin investments, challenging regulatory norms and potentially broadening crypto market participation.
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Looking at last week's fee distribution across major chains, the rankings tell a different story than raw activity metrics might suggest.
Bitcoin traders eye a possible move higher as short-term selling pressure fades and the CLARITY Act vote boosts crypto market focus.
Increased geopolitical tensions may hinder diplomatic efforts, elevate regional instability, and impact global markets and alliances.
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Sovereign curves are back near old stress zones while Hormuz inflation risk keeps central banks boxed in.
The post Global financial crisis fears grow as bond yields hit 1998 levels and Bitcoin drops below $80,000 appeared first on CryptoSlate.
The halt highlights the challenges smaller firms face in emulating large-scale Bitcoin strategies, emphasizing the need for robust capital access.
The post The Bitcoin Society halts plans to build crypto treasury after brutal Q1 appeared first on Crypto Briefing.
Suspending the federal gas tax could offer minor consumer relief but risks underfunding crucial infrastructure projects, impacting long-term growth.
The post Trump proposes temporary suspension of federal gas tax amid rising fuel prices due to Iran war appeared first on Crypto Briefing.
GameStop's failed bid highlights challenges in financing large acquisitions, impacting market confidence and future tech sector consolidation.
The post GameStop’s $56B bid for eBay rejected, market doubts acquisition success appeared first on Crypto Briefing.
Bitcoin’s pullback is expected to find support near $79,000, but every recovery attempt is likely to be sold into.
Bitcoin’s recent price behavior has been everything the bulls hoped for, and that may be precisely the problem. Since bottoming out around $63,000 in early April, Bitcoin has posted a sequence of higher highs and higher lows and has now reclaimed $80,000. The structure looks bullish. However, technical analysis shows that Bitcoin has now entered into deceptive territory. Bitcoin’s Uptrend May Be Hiding A Compression Phase Bitcoin’s price action is now forming an interesting but deceptive pattern. The pattern in question is a rising wedge that has been forming on Bitcoin’s daily chart since February. The setup was highlighted by crypto analyst Merlijn The Trader, who described Bitcoin’s current pattern as “the most deceptive pattern in crypto.” His chart places Bitcoin near the upper end of the wedge, with the $84,000 area acting as a key rejection zone. Related Reading: XRP’s Current Predicament Is Only Temporary; These Factors Will Drive It To $18 A rising wedge is formed when price action grinds upward along two converging trendlines, printing higher highs and higher lows in a narrowing channel. The pattern resembles an upward price trend where the market constantly hits higher levels and never falls below prior price lows before bouncing back on the surface. However, a rising wedge is known to resolve more bearishly than bullishly. The chart shared by Merlijn shows Bitcoin pushing upward inside this structure, with the upper wedge boundary sitting around $84,000. That area is the zone where bulls may face their biggest test. That makes the next move around the $80,000 to $84,000 area very important. A clean move above the upper boundary would weaken the bearish wedge argument. A rejection around $84,000, followed by a breakdown under $80,000, would open up the path to lower price levels. Bitcoin Price Chart. Source: @MerlijnTrader On X Crash Below $60,000? The $80,000 price level is now carrying both psychological and technical weight. Bitcoin recently reclaimed this level for the first time in months, helped by improving market sentiment. Merlijn’s chart turns that same level into the breakdown trigger. According to the outlook, a break below $80,000 would confirm weakness inside the wedge and open the way for a move down to $56,000. This does not mean Bitcoin is guaranteed to fall there, but it shows where the bearish projection comes from if the wedge resolves to the downside. Related Reading: Pundit Predicts When The XRP Price Will Rally To $12 At the time of writing, Bitcoin is trading at $80,920 after moving between $79,879 and $81,227 over the past 24 hours. This narrow range shows that buyers are still active around the $80,000 level, preventing a clean breakdown below the zone for now. The price action has also kept Bitcoin from showing any major sign of distribution, as support continues to hold near the lower end of the range. All that needs to happen now for bullish momentum is a weekly close above $84,000. However, a weekly close below $80,000 could shift the setup in favor of the bearish path. Featured image created with Dall.E, chart from Tradingview.com
Enhanced US-Japan currency coordination may stabilize forex markets, potentially reducing volatility in risk assets and impacting global investments.
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A potential BOJ rate hike could strengthen the yen, impacting global carry trades and creating selling pressure across various risk assets.
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France's SocGen plans to use its EURCV and USDCV stablecoins for tokenized collateral, repo financing and institutional settlement activity on the Canton blockchain network.
Anthropic launches Claude for Small Business, adding AI workflows across QuickBooks, PayPal, HubSpot, Canva, and Docusign.
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Jupiter Lend, together with Fluid and Bitwise, will provide an avenue to earn yield on the USDe synthetic stablecoin.
Former Celsius chief revenue officer Roni Cohen-Pavon, scheduled to be sentenced on Thursday after a guilty plea, agreed to a judgment of $1 million that he obtained as a result of his crimes.
River's integration with OKX DEX simplifies DeFi access, potentially increasing user adoption but hinges on OKX's reliability and service continuity.
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DeFi's security challenges spotlight the urgent need for improved risk management and secure deployment practices.
The post Luke Leasure: Layer Zero’s infrastructure vulnerabilities highlight security gaps, Aave’s collateral oversight demands better risk management, and the dynamics of looping reshape DeFi borrowing | Unchained appeared first on Crypto Briefing.
Arbitrum Security Council's bold move to freeze $70 million highlights the ongoing battle against crypto theft.
The post Griff Green: Unusual movements of restaked ETH signal illicit activity, Thorchain’s role in laundering funds, and the risks of smart contract exploitation | Unchained appeared first on Crypto Briefing.
AI-driven sales strategies are revolutionizing the buyer experience, offering unprecedented growth and efficiency for businesses.
The post Amanda Kahlow: Emotionally intelligent AI is revolutionizing sales efficiency, addressing traditional process inefficiencies, and scaling solution selling across industries | SaaS Interviews appeared first on Crypto Briefing.