Asia Morning Update: Institutional Purchases Raise Chance of $3K ETH, While AI Agents Explore Crypto Channels
Good morning, Asia. Here’s the latest market update: Welcome to the Asian morning briefing—a daily snapshot of significant stories from the US and a look at market movements. For a comprehensive analysis of the US market, consult Coindesk’s Crypto Daybook Americas. As Asia begins its day on Thursday, Ethereum (ETH) is trading at $2,770. Data […]
Stablecoin Bill Supported by Crypto Industry Moves Forward in US Senate
Senate Moves Forward on Cryptocurrency Legislation The Senate has taken steps to advance a bipartisan legislative proposal supporting the crypto industry, backed by President Donald Trump, with the final passage expected next week. Senate leaders are likely to incorporate provisions aimed at fostering competition for credit card processing, particularly against Mastercard Inc., while also addressing […]
Connecticut legislators decide to ban crypto usage in government
Connecticut Lawmakers Pass Cryptocurrency Ban Connecticut’s legislature has unanimously approved a bill that bars state and local government agencies from accepting payments in cryptocurrency or holding crypto assets. This legislation, known as House Bill 7082, “Act on Various Revisions on Gold Submission Act, State Payments and Investment in Cryptocurrency,” garnered bipartisan backing and was officially […]
Bullish Plans to Launch Crypto Exchange After Circle’s Achievement
Cryptocurrency exchange Bullish has reportedly revived its plans to go public. According to sources familiar with the matter, the company has confidentially filed initial public offering (IPO) documents with the U.S. Securities and Exchange Commission (SEC). This information was highlighted in a Financial Times report. Pymnts reached out to Bullish for comments but has yet […]
Kentucky mansion of crypto influencers raided by ATF and NYPD
A mansion in Kentucky, valued at $1 million, was previously owned by a man imprisoned for allegedly torturing someone over cryptocurrency. This six-bedroom home by the waterfront, reminiscent of the White House in style, was bought in January by John Watts, who calls himself the “Kentucky Cryptoking,” alongside his business partner William Dupressy, reportedly paying […]
Connecticut Changes Direction on Bitcoin Reserves, Prohibits Government Crypto Investments
Simply put Connecticut has enacted the strictest cryptocurrency law in the U.S., which forbids all state and local governments from buying, holding, or investing in any cryptocurrency. This law requires crypto companies to disclose “all material risks,” while also reforming the state’s existing gold transmission laws. The ban in Connecticut stands in sharp contrast to […]
Michael Saylor dismisses concerns about a crypto downturn, claims Bitcoin will reach $1 million.
Michael Saylor’s Optimistic Outlook on Bitcoin Michael Saylor, of Strategy, isn’t buying into the notion of another crypto winter. He’s suggesting that if Bitcoin adoption ramps up and its daily supply tightens, prices could skyrocket to $1 million. “We’ve moved past that winter phase,” Saylor mentioned during an interview with Bloomberg. He added, “If Bitcoin […]
Michael Saylor dismisses concerns about a crypto downturn, predicts Bitcoin will reach $1 million.
Michael Saylor from Strategy has dismissed concerns about a potential return of a downturn in the cryptocurrency market. He believes that if Bitcoin adoption grows and its daily supply diminishes, prices could hit $1 million. “The winter isn’t coming back,” Saylor said during a recent interview on Bloomberg. “We’ve moved beyond that stage. If Bitcoin […]
Why are Republicans assisting Dick Durbin in weakening Trump’s crypto legislation?
Sen. Durbin Revisits Credit Card Competition Law Fifteen years back, Sen. Dick Durbin (D-Ill.) slipped some amendments into a law that surprisingly benefited major retailers like Walmart and Target to the tune of $90 billion. Now, he seems poised to try something similar again, this time seeking Republican support. Meanwhile, President Trump has made his […]
Crypto CEO faces allegations of laundering $500 million tied to sanctioned Russian banks
Cryptocurrency Founder Charged with Money Laundering Brooklyn federal prosecutors have brought charges against the founder of a US-based cryptocurrency payments company, alleging involvement in a complex international money laundering operation that funneled over $5 billion for licensed Russian banks and other entities. Iurii Ggnin, a 38-year-old Russian national residing in Manhattan, was arrested and taken […]