Pennsylvania lawmakers introduced new legislation on Aug. 20 that will require public officials to disclose digital asset holdings exceeding $1,000 and divest anything above that threshold within 90 days of the bill coming into effect. The legislation also prohibits officials from conducting crypto transactions during their term and for one year after leaving office. The…
In a notable shift in its strategy to the cryptocurrency sector, the Division of Justice (DOJ) introduced that it’s going to not goal software program builders who create decentralized platforms for transmitting cryptocurrencies, so long as there isn’t any prison intent. DOJ Eases Stance On Crypto Regulation Appearing Assistant Lawyer Basic Matthew Galeotti conveyed this…
The Solana-based memecoin YZY, promoted by Kanye West (Ye), posted probably the most risky debuts of the 12 months, rocketing to a multi-billion-dollar valuation inside minutes earlier than retracing as on-chain sleuths flagged insider exercise and a contentious liquidity setup. In an X post on Thursday, West shared the contract handle and framed “YZY MONEY”…
Justice Department (DOJ) Criminal Division head Matthew Galeotti declared that writing code without criminal intent does not constitute a crime, providing crypto developers and smart contract creators with clearer boundaries on criminal liability. During remarks at the American Innovation Project Summit on Aug. 21, Galeotti stated: “Our view is that merely writing code without ill…
Macro conditions suggest Bitcoin (BTC) might face a multi-week performance slowdown if global M2 money supply peaks in September, according to a recent report by Delphi Digital. The BTC-M2 relationship using a 10-week offset shows M2 data already rolling over roughly 8% from projected September highs. Bitcoin has historically followed M2 peaks with performance lags,…
Stablecoins could swell to a $1.2 trillion market by 2028 and begin exerting pressure on U.S. debt markets, according to an Aug. 21 Coinbase report. The projection, based on thousands of growth simulations, outlines a path for the market to expand nearly 5x from its current size of $270 billion. The report comes as the…
Tidal Trust II has filed an application with the US Securities and Exchange Commission to introduce two new exchange-traded funds (ETFs) that offer leveraged long exposure to XRP and Solana. The filing, made public on Aug. 19 via Form N-1A, outlines plans to offer daily exposure to the digital assets with leverage between 150% and…
As sell-offs have rocked the crypto market, the XRP price has fallen below $3, marking the third time this month that it’s shedding maintain of this essential assist stage. If bulls are unable to reclaim this stage, then it’s probably that the altcoin will proceed to say no from right here. On this case, there…
Crypto traders are turning bearish after Bitcoin and Ethereum struggled to maintain recent gains, according to several on-chain metrics. According to CryptoSlate data, Bitcoin has fallen nearly 7% over the past week, trading at $113,479 as of press time. Ethereum has experienced an even sharper drop, losing 10% in the same time frame and hovering…
US spot Bitcoin and Ethereum exchange-traded funds (ETFs) posted another round of withdrawals on Aug. 20, extending their streak of consecutive net outflows to a fourth straight trading day. According to SoSoValue data, Spot Bitcoin ETFs recorded $311.57 million in outflows for the day, pushing their four-day total to nearly $1 billion. BlackRock’s iShares Bitcoin…