Tag: Crypto

Crypto PAC Fellowship Halts Support of Texas AG for Senate: Report

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The Fellowship political action committee (PAC), which launched claiming to have more than $100 million from crypto-aligned backers, has reportedly backed out of an advertising deal to support Texas Attorney General Ken Paxton in a crucial US Senate race. According to a Thursday report from Axios, Republican leaders contacted US Commerce Secretary Howard Lutnick on his connections to Fellowship, which has been partially funded by Cantor Fitzgerald. Lutnick, as the former president and CEO and whose sons are now in charge of the financial services company, reportedly faced questioning from…

Crypto Advocacy Group Calls Action on Market Structure Bill ‘critical‘

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More than 120 entities affiliated with the cryptocurrency and blockchain industry are urging US lawmakers to stop stalling on the advancement of a digital asset market structure bill. In a Thursday letter to leaders in the US Senate Banking Committee, the Crypto Council for Innovation (CCI) and Blockchain Association said that the body should “proceed towards a markup of the CLARITY Act to provide a comprehensive federal market structure framework for digital assets.” The legislation, expected to be one of the most significant laws to potentially impact the industry crypto,…

Crypto Market Sentiment Reaches 3-Month High

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A crypto market sentiment index has risen to its highest level in over three months on Wednesday after Bitcoin rallied nearly 6% to within striking distance of $80,000. The Alternative.me Crypto Fear & Greed Index rose 14 points to 46 out of 100, its highest level since Jan. 18 and its largest single-day gain in more than three months. Change in the Crypto Fear & Greed Index score over various time intervals. Source: Alternative.me While still in the “Fear” zone, the current reading marks a sharp rebound from the all-time…

Crypto Market Maker GSR Launches Multi-Asset Crypto ETF

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Institutional crypto trading platform GSR launched its first crypto exchange-traded fund on Wednesday, recording nearly $5 million in trading volume on its first trading day. The GSR Crypto Core3 ETF (BESO) tracks the spot price of Bitcoin (BTC), Ether (ETH) and Solana (SOL) and offers staking rewards, GSR said in a statement on Wednesday.  In a separate post on X, GSR said it will be adopting a “dynamic allocation strategy” to optimize returns for the fund, which carries a 1% management fee. Source: GSR BESO saw 185,574 shares traded worth…

Phishing, Deepfakes To Fuel 2026’s Biggest Crypto Hacks

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Real-time deepfakes, phishing attacks, supply chain compromises and cross-chain vulnerabilities will likely be the root of some of the biggest hacks in 2026, according to CertiK senior blockchain investigator Natalie Newson. The industry has already lost over $600 million to hacks in 2026, owed largely to two North Korea-linked crypto thefts in April, including the $293 million Kelp DAO exploit on Saturday involving a single point-of-trust failure in cross-chain messaging protocol LayerZero’s infrastructure, and the $280 million exploit of the Drift Protocol. Another DPRK-linked attack involved the use of AI…

UK crackdown on illegal crypto trading sites in London

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UK authorities raided unregistered peer-to-peer crypto trading sites in London, but the Polymarket contract for Bitcoin reaching $80,000 in April moved in the opposite direction: it now sits at 78.5% YES, up from 44% just a day ago. The operation involved the FCA, HMRC, and SWROCU targeting illegal peer-to-peer trading operations, increasing regulatory scrutiny on crypto activity in the UK. The Bitcoin $80,000 contract surged on broader bullish sentiment, though the enforcement action could create headwinds. The $150,000 target contract is flat at 0.1% YES, unchanged from a week ago.…