Some traders still see a rally toward $2,000 as a potential bull trap before ETH makes one final move lower. Pseudonymous crypto trader NoName says Ethereum has just crossed into the price zone where its bear market has historically bottomed, pointing to four straight lower highs as proof the downtrend has run its course.
The US House of Representatives has passed a congressional stock-trading ban by a 232-198 vote, sending the measure to the Senate despite criticism that it leaves existing holdings untouched. Summary The House passed the Stop Insider Trading Act in a 232-198 vote. Elizabeth Warren criticized loopholes allowing lawmakers to retain and sell existing stocks. Bryan
Rather than predicting prices, Maller argued Bitcoin’s toughest periods are what keep the network and its participants honest. Jack Mallers says Bitcoin’s bear market has left him “getting my ass kicked,” but the Strike founder believes that is exactly what makes the asset different from traditional financial systems. In an essay published Friday, just
Nvidia, Meta and Microsoft have joined 22 other organizations in warning U.S. policymakers that sweeping controls on open-weight AI models could weaken American leadership as competition with China intensifies. Summary Nvidia, Meta and Microsoft oppose sweeping U.S. restrictions on open-weight AI models. The coalition favors targeted enforcement against intellectual-property theft and other proven misuse. Elon
BitMEX is accused of allowing internal traders access to customer data while users were locked out during server issues. BKX Services Inc. and David Namdar have filed a class action lawsuit against BitMEX. The plaintiffs accuse the exchange of market manipulation and misappropriating nearly 623 BTC due to forced liquidations. Lawsuit Questions BitMEX’s Liquidation
LMAX Group has enlisted Morgan Stanley and KBW to assess a sale or public listing that could value the institutional trading company at up to $5 billion. Summary LMAX has tapped Morgan Stanley and KBW to review strategic options worth up to $5 billion. A Nasdaq IPO is preferred, although a sale, SPAC merger or
Sen. Ruben Gallego is working with Senator Thom Tillis and other Republicans to come up with a counteroffer after bipartisan negotiations collapsed. Senate Democrats are mounting a fresh push to rewrite the CLARITY Act’s ethics provisions after dismissing the White House-backed proposal unveiled by GOP senators, according to Politico. Senator Ruben Gallego blasted the
Senate Majority Leader John Thune has ruled out passage of the CLARITY Act before the August recess, as Polymarket traders cut its chance of becoming law in 2026 to 33%. Summary John Thune has ruled out CLARITY Act passage before the Senate’s August recess. Ron Hammond says election politics is drowning out the bill’s bipartisan
BTC has dropped by roughly three grand after marking a local peak at $67,000. Strategy doesn’t want to buy or sell, while a derivatives giant says goodbye. The previous business week ended with a leg down that drove the primary cryptocurrency to $62,500. However, it reacted swiftly and recovered to $64,000 during the weekend.
Zcash price has fallen toward the $500 psychological support as a 4-hour breakdown, leveraged liquidations, and caution before the Ironwood upgrade have weakened market sentiment. Summary Zcash price has fallen toward $500 after losing $520 and triggering more than $2 million in long liquidations. Bulls must reclaim $530 to neutralize the bearish structure, while $550