Category: News

America’s largest banking groups said they remain dissatisfied with the CLARITY Act’s newly proposed language on stablecoin yield, arguing that it fails to protect bank deposits. In a statement Monday, the bankers acknowledged that US Senators Thom Tillis and Angela Alsobrooks are “seeking to achieve the correct policy goal” in prohibiting stablecoin yield but noted that the CLARITY Act’s “proposed language” currently “falls short of that goal.” “It is imperative that Congress get this right,” the American Bankers Association said in a joint statement with the Bank Policy Institute, Consumer…

Haun Ventures has raised $1 billion to back early- and late-stage crypto startups, while expanding into artificial intelligence for the first time. The funds will focus on three areas: crypto financial infrastructure, tokenization and AI agents. The firm’s founder, Katie Haun, called these areas the “new economy.”  “I’ve been following the flow of assets my entire career, and this is the most dynamic period in technology and finance I’ve ever witnessed,” said Haun, a former US government prosecutor turned crypto executive, in a blog post on Monday. “The foundations of…

Decentralized finance protocol Aave filed an emergency motion on Monday in New York to vacate a restraining notice from a US law firm aimed at blocking Arbitrum DAO from transferring 30,766 Ether to the victims of the Kelp exploit.  Gerstein Harrow LLP served Arbitrum DAO with a restraining notice on Friday, arguing its clients are owed over $877 million in default judgments against North Korea. The law firm claims the North Korean hacker group behind the Kelp exploit had possession of the tokens, giving its clients a legal claim over…

Western Union has launched its US dollar-denominated USDPT stablecoin on Solana, marking its first move into blockchain-based payments and onchain settlement for its global remittance network.  One of the crypto infrastructure platforms involved in the launch, Fireblocks, said on Monday that USDPT is initially being rolled out in Bolivia and the Philippines, while Western Union said it plans to expand the stablecoin to more than 40 countries in 2026. Major remittance companies have been eyeing stablecoins after the passage of the stablecoin-friendly GENIUS Act in July. MoneyGram started offering USDC…

Key takeaways: Improved Bitcoin mining profitability and massive ETF inflows have calmed investors’ fears that miner selling could cap BTC price. Bitcoin dominance hits its highest level since July 2025 as investor interest shifts away from struggling altcoin sectors. Bitcoin (BTC) surged to $80,000 for the first time in three months on Monday, triggering $270 million in liquidations across leveraged short (sell) futures contracts. This positive momentum for Bitcoin coincided with tech stocks jumping to an all-time high, signaling a broad risk-on environment. Currently, three key indicators point to further…

World Liberty Financial filed a defamation lawsuit against Tron founder Justin Sun in Florida, escalating a legal fight between the Trump family-linked crypto platform and one of its largest investors. The lawsuit, filed Monday in the Eleventh Judicial Circuit Court for Miami-Dade County, accused Sun of making false public statements about World Liberty and violating WLFI token-sale terms through alleged prohibited transfers, short-selling and straw purchases. The lawsuit also accused Sun of spreading defamatory statements surrounding the crypto platform, demanding a court-ordered retraction and compensation from the founder. Sun denied…

The Depository Trust & Clearing Corporation (DTCC) plans to pilot trading of tokenized securities in July with a goal of a full service launch in October. The post-trade market infrastructure giant said Monday that more than 50 TradFi and DeFi firms will play a role in the design and deployment of the service. That DTCC Industry Working Group includes Alpaca, Anchorage Digital, BitGo Bank & Trust, BlackRock, Circle and Fireblocks, along with some of the biggest banks in the country. Source: DTCC DTCC, which currently custodies $114 trillion in liquid…