Although there’s still a lot of work to be done to become law, the highly anticipated CLARITY Act finally passed the Senate Banking Committee a few days ago, which was a significant step in the right direction. The effects in the crypto market were immediate but didn’t last long, and analysts at Santiment warned that […]
The Senate Banking Committee’s CLARITY Act is heading into Thursday’s markup, buried under opposition. According to reports, Senator Elizabeth Warren alone filed more than 40 amendments before Tuesday’s 5 p.m. ET deadline, and American Bankers Association members sent over 8,000 letters to Senate offices in less than a week demanding changes to the bill’s stablecoin […]
US Treasury Secretary Scott Bessent posted on X on April 29 that Washington’s sanctions campaign is now going after Iran’s “access to crypto,” alongside oil exports, shipping networks, and shadow banking channels. It is the first time the Treasury has named digital assets so explicitly in the context of the Iran pressure campaign, and it […]
Bitcoin’s price sluggishness that began on Friday was interrupted by a quick but unsustainable surge to just over $79,000 on Sunday morning after the latest developments on the Iran-US front. This time, reports claimed that Iran had sent its latest peace proposal to the US, which was the reason behind the quick uptick. However, US […]
Widely followed analyst Benjamin Cowen said in an X post Thursday that crypto’s slide since early 2025 tracks a deeper loss of trust that began after Gary Gensler left the SEC, with Bitcoin falling from $109,000 then to about $75,000 now. His warning goes beyond crypto: he says cheering Jerome Powell’s exit from the Federal […]
Bitcoin broke out of the weekend slumber, surging to a 12-week peak of just under $80,000 before it was brutally rejected and driven south by roughly two grand in an hour or so. The most obvious reason behind this rather unexpected Monday morning pump came after reports emerged that Iran and the US could be […]
On Tuesday, Kevin Warsh, Donald Trump’s choice to replace Federal Reserve Chair Jerome Powell, testified before the Senate Banking Committee. He promised to be independent from the White House but did not promise to cut rates right away, leaving market watchers to try and figure out what a Warsh-led Fed would mean for liquidity and […]
It was another eventful weekend in which the two warring parties exchanged contrasting and confusing statements on what is happening with their ceasefire, whether any peace talks are scheduled, and what’s next. Perhaps the most worrisome part came just hours ago when both nations resumed the strikes against each other. Strikes Resumed At first, US […]
Bitcoin’s price was halted at its multi-month peak at over $78,000 on Friday, and the subsequent conflicting actions and statements from Iran and the US have led to another retracement to under $75,000 as of press time. The latest set of blame-throwing came minutes ago, as reports emerged that Iran believes they are “facing deception” […]
US President Trump, alongside Iran’s foreign minister, announced a major de-escalation yesterday on the war front, indicating that the Strait of Hormuz will finally be reopened. The statement had a major impact on almost all financial markets, especially oil, given the Strait’s significance. USOIL, for example, plunged by over 11%. It traded at $90 per […]