US lawmakers introduce bill to restructure SEC, remove Chairman Gary Gensler

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US, UK lawmakers to hear arguments around crypto regulations on June 13

As the cryptocurrency industry faces regulatory headwinds, lawmakers in the United States and the United Kingdom are set to bring the discussion into the public sphere. On June 13, both nations will host high-profile hearings, marking a pivotal moment in the ongoing debate over digital asset regulation. The U.K. Parliament will debate the findings of …

Bitcoin (BTC) Hovering at ‘Decision Point’ As Critical On-Chain Metric Foreshadows Next Move: Glassnode

Bitcoin (BTC) is now sitting at a critical junction, with its next move potentially being foreshadowed by an on-chain metric, according to analytics firm Glassnode. Glassnode says that it is watching BTC’s short-term holder market value to realized value (MVRV) indicator. The metric is designed to measure the unrealized profit or loss of Bitcoin holders …

Winklevoss Twins Say Democrats Will Face Blowback From Voters After Anti-Crypto Stance

Cameron and Tyler Winklevoss are predicting that Democrats will lose voters in upcoming elections due to their anti-crypto agenda. The Gemini co-founders took to Twitter to tell their combined 1.7 million followers that the “war on crypto” will cost the Democrats the 2024 US presidential election.  Says Tyler, “[Roe v. Wade] cost Republicans the mid-terms. The …

Decentralized Exchanges See Spike in Market Share Amid Regulatory Uncertainty in the US: IntoTheBlock

New data from on-chain intelligence firm IntoTheBlock finds that decentralized exchanges (DEXs) are seeing a rise in market share while a regulatory offensive develops in the US. According to a new report from the firm, the U.S. Securities and Exchange Commission’s (SEC) charges against Binance and Coinbase for alleged securities violations last week are likely …

Institutional Investors Let Go of $417,000,000 in Crypto After Eight Consecutive Weeks of Selling: CoinShares

Digital assets manager CoinShares says institutional investors are likely being scared away by US monetary policy as the crypto markets suffer outflows for the eighth week in a row. In its latest Digital Asset Fund Flows Weekly Report, CoinShares finds that institutional investors sold off $88 million in crypto holdings last week, possibly due to interest …

Bitcoin on-chain data shows miners offloading BTC as revenues shrink

Bitcoin miners have been selling BTC since the start of June, potentially adding further pressure to the BTC price. Market Analysis Join us on social networks Bitcoin’s on-chain data provides evidence that Bitcoin miners are offloading their holdings. The factors influencing the selling pressure could be reduced earnings from a cooldown in Ordinals activity as well …

Lawmakers introduce bill to remove SEC chair — but do they have the authority?

A Supreme Court decision ruled that the U.S. president could not remove commissioners except for “standard of inefficiency, neglect of duty, or malfeasance.” Follow up Join us on social networks Members of the United States House of Representatives are pushing for ways to remove Securities and Exchange Commission (SEC) Chair Gary Gensler from his position, …

Thailand launches retail CBDC pilot with 2 banks and Singapore payment service

The project, delayed from last year, will enlist bank employees and nearby businesses for the pilot. Each payment provider has launched its own app. News Join us on social networks The Bank of Thailand will launch a retail central bank digital currency (CBDC) pilot project in a regulatory sandbox this month. Three payment providers will …

Brian Armstrong Says Coinbase Staying in US Despite Regulatory Pressure – Here’s Why

Coinbase CEO Brian Armstrong says that his crypto exchange remains dedicated to the United States despite the anti-crypto onslaught from American regulators. In a new interview with the Wall Street Journal, Armstrong says that one way or another, the crypto industry will get the “right outcome” in its battle with regulators. “We’re here to stay. …

UK to get ‘early or priority access’ to AI models from Google and OpenAI

It’s unclear at this time what access the U.K. will receive, but the reported commitment could be the first of its kind. News Join us on social networks British Prime Minister Rishi Sunak recently announced that Google DeepMind, OpenAI, and Anthropic — three tech outfits widely considered the global industry leaders in generative AI technologies …

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