House Republicans blocked a procedural vote on crypto bills, defense funding, and the Epstein files amendment due to internal divisions.
The post House Republicans block crypto bill vote, delaying GENIUS, CLARITY, and Anti-CBDC acts appeared first on Crypto Briefing.
Republicans are still planning to pass three pieces of crypto-related legislation, but a majority of members in the House voted against a resolution to consider the bills.
Kraken Derivatives US launched after the exchange’s acquisition of futures platform NinjaTrader earlier this year.
As prominent U.S. crypto insiders and Republicans in Congress push for industry unity on the House's Clarity Act, senators prepare to go their own way.
Most people don’t want or need to know they’re using a blockchain, says Marc Vanlerberghe, Chief Strategy and Marketing Officer at the Algorand Foundation.
Crypto analyst Scrambler has drawn attention to a bullish pattern that is forming for the Cardano price, which could lead to a massive breakout for the altcoin. The analyst noted that ADA might be repeating, with market conditions mirroring the ones that led to an all-time high (ATH). Cardano Prices Eyes 285% Rally To New Highs In a TradingView post, Scrambler predicted that the Cardano price could soon record a 285% rally to reach $2.05. He noted that the 285% potential move mirrors ADA’s past rally from similar conditions. The analyst added that if market sentiment continues improving and the Bitcoin price holds above key levels, then the altcoin might repeat history. Related Reading: Cardano Price Shows Seller Exhaustion Above $0.57 — Bullish Divergence Signals Rally Further commenting on the Cardano price action, Scrambler stated that ADA is showing a major breakout from a long-standing descending channel on the daily timeframe. He highlighted the structure, alluding to a downtrend channel that has been respected for around seven months. He also noted that a breakout has been confirmed with a strong bullish daily candle. Meanwhile, price is hovering around $0.7192, above previous resistance. Scrambler stated that the support levels for the Cardano price are $0.60 and $0.5299. The resistance and long-term targets are $0.8158, $1.0876, $1.3159, and $1.8958. Meanwhile, the ultimate target is the Fibonacci extension above $2.76. The analyst stated that a pullback to between $0.60 and $0.66 could offer re-entry opportunities. Regardless of what happens to the Cardano price in the short term, Scrambler remains bullish in the long term and expects ADA to reach new highs. The analyst also advised market participants to watch for the BTC/ETH correlation. It is worth noting that ADA has shown impressive strength amid this recent crypto market rally. The altcoin has risen by over 25% in the last seven days, despite a recent pullback. ADA To Breakout Against Its BTC Pair In an X post, crypto analyst Sebastian stated that the ADA/BTC chart appears to be ready for a breakout. The analyst added that this is the most important breakout that market participants want to see, with the Cardano price separating itself from the Bitcoin price. Once that happens, the altcoin is likely to outperform the flagship crypto during that period. Related Reading: Cardano Founder Announces $100 Million Bitcoin Buy In Shocking Move To Prop Up ADA Price Sebastian had earlier noted how Bitcoin’s dominance could be breaking down. Based on this, he remarked that alcoins like Cardano are about to rally if this happens. A break in Bitcoin’s dominance could usher in altcoin season, which is bullish for the Cardano price. In the meantime, ADA’s performance still hinges on BTC’s performance. At the time of writing, the Cardano price is trading at around $0.72, down almost 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
Opening arguments are set to begin shortly.
A procedural vote to advance crypto bills, which failed and was expected to be revisited later on Tuesday, is no longer taking place.
JPMorgan's exploration of stablecoin technology highlights the banking sector's adaptation to fintech innovations and regulatory shifts.
The post JPMorgan CEO Jamie Dimon questions stablecoin utility but confirms bank will actively explore the technology appeared first on Crypto Briefing.
New Zealander Julia DeLuney is accused of murdering her mother, Helen Gregory, after allegedly stealing tens of thousands of dollars in hidden cash to invest in cryptocurrency.
US federal investigators closed parallel criminal and civil probes into prediction market Polymarket, issuing letters earlier this month that ended inquiries by both the Justice Department and the Commodity Futures Trading Commission (CFTC), as Bloomberg News reported. The platform enables traders to bet on yes-or-no outcomes using stablecoins on Polygon and has faced scrutiny since a January 2022 CFTC […]
The post DOJ and CFTC end probes into Polymarket, clearing path for potential registration appeared first on CryptoSlate.
Congress may pass the most consequential crypto law of the century this week. That’s bad news for one of DeFi’s murkiest gray areas, yield-bearing stablecoins.
XRP saw profit booking at $3 but steady buying by large investors suggests the rally could send the altcoin’s price to $4.
The California Breakthrough Project held its first meeting at Ripple’s San Francisco headquarters, according to journalist Eleanor Terrett.
The deal would follow Cantor's first bitcoin financing deals on May 27, which closed with Maple Finance and FalconX.
Regulators will also explore how stablecoins can be utilized in the new Digital Securities Sandbox.
Cryptocurrency markets are buzzing again, and savvy investors are increasingly turning their attention to the meme coin sector, especially projects priced under $0.01 with the potential to deliver outsized gains. Historically, meme coins have repeatedly proven their power to generate enormous returns, with notable examples like Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE each turning …
The new futures-based ETFs aim to deliver 2x daily returns on SOL and XRP as spot ETF proposals await SEC decisions, ProShares said.
Bitcoin is undergoing a slight retrace after hitting a new all-time high of $123,000 on Monday. While the broader trend remains bullish, short-term sentiment has shifted as selling pressure begins to build. Bulls are now defending key support levels, with the $117,000 zone emerging as a critical line that could determine whether the uptrend holds or deeper corrections follow. Related Reading: Ethereum Supply Locked Hits New ATH: Smart Money Bets On Long-Term Growth The pullback has introduced fresh uncertainty into the market. According to new data from CryptoQuant, Bitcoin Futures Position Dominance has started to lean bearish, suggesting that short positions are gaining momentum across major derivatives platforms. This shift reflects growing caution among traders, particularly as long-to-short ratios weaken and funding rates normalize after weeks of elevated bullish activity. Although Bitcoin remains far above its 2024 highs and the macro structure still favors bulls, the current pause is being closely watched. Investors are looking for confirmation that the recent all-time high was not a local top. With fear slowly creeping in and derivatives data flashing early warning signs, the coming days could be pivotal. Whether bulls can hold the line—or whether bears take control—will likely set the tone for Bitcoin’s next major move. Bitcoin Retraces As Bearish Sentiment Rises Bitcoin has pulled back more than 5% since reaching its all-time high of $123,000 earlier this week, with current price action testing the strength of short-term support levels. While retracements are common after major breakouts, some analysts note that Bitcoin’s decline has been sharper than that of Ethereum and many altcoins, which have either held their ground or continued to climb. Top analyst Axel Adler pointed out a significant shift in sentiment following the ATH. According to his insights, bears began aggressively shorting immediately after the price peak, leading to a sharp drop in bullish dominance. Most notably, the long-to-short ratio flipped into negative territory for the first time in weeks, signaling a clear rise in short interest across derivatives platforms. This pivot in positioning reflects growing caution among traders and raises the stakes for bulls. The $117,000 level is now seen as a key support zone—if Bitcoin fails to hold above it, a deeper correction could follow, potentially dragging the broader market down with it. The timing is especially critical. This week, the US Congress kicks off “Crypto Week,” a series of discussions and potential votes on important legislation that could reshape the regulatory landscape for digital assets. The outcome of these debates may act as a catalyst for renewed bullish momentum—or deepen the correction if uncertainty dominates. As markets brace for clarity, all eyes remain on Bitcoin’s ability to defend $117K and reclaim its short-term trend. Related Reading: $30B In Bitcoin Added By Accumulator Wallets: Are Long-Term Players Preparing Early? BTC Pulls Back: $114K–$117K Key Zone to Watch The 4-hour chart shows Bitcoin retracing sharply after reaching an all-time high of $123,200 earlier this week. Currently trading at $116,900, BTC has dropped over 5% from its recent peak, marking its first significant correction since the breakout above $109,300. This pullback brings Bitcoin back toward the $114,000–$117,000 zone, which now acts as short-term support. This area coincides with the rising 50-period simple moving average (SMA) at $114,466 and is closely aligned with the previous breakout structure. A successful retest of this level could provide the foundation for a new leg higher. Related Reading: Bitcoin Long-Term Holders Remain Steady As CDD Normalizes After False Alarm However, failure to hold this zone could open the door for a deeper correction toward the $109,300 support level, which served as a multi-week resistance throughout May and June. The bearish momentum on the latest candles, combined with high sell volume, reflects rising short-term uncertainty. Despite this, Bitcoin remains above all major moving averages on this timeframe (50, 100, and 200 SMAs), indicating that the broader trend is still intact. Featured image from Dall-E, chart from TradingView
The FBI raided Polymarket founder Shayne Coplan's home last year.
As Bitcoin treasury bets stumble in 2025, Strategy thrives with disciplined capital, mNAV premiums and long-term focus.
With investigations from two major US agencies now reportedly closed, Polymarket has reached a critical regulatory milestone ahead of its $200 million funding round.
DFINITY has officially launched Caffeine, an AI-powered Web3 platform built on ICP, at the "Hello, Self-Writing Internet" event in San Francisco
Bitcoin may retest the $114,000–$115,000 zone, its former resistance turned support, before BTC price continues its rally toward $160,000.
The collaboration could set a precedent for other states, enhancing public sector efficiency and fostering tech-driven government innovation.
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Analyst Geoff Kendrick said stablecoins could hit $750 billion by 2026, pressuring debt issuance and USD demand.
Programmable regulation could be the solution to legacy regulatory frameworks struggling to keep pace with DeFi’s rapidly evolving ecosystems. Embedding compliance in code can bring legal clarity, reduce risk and foster innovation in DeFi.
Spain’s BBVA opens retail access to Bitcoin and Ether through its mobile app, offering bank-grade custody and MiCA-backed compliance without the complexity of crypto exchanges.
BNB is celebrating its eighth anniversary and has recently undergone a $1 billion token burn.
Eric Jackson, the founder and president of EMJ Capital, a Toronto-based hedge fund, explains why his firm believes that ether (ETH) is going to $10,000 in this bull cycle.