Author: CryptoPress

The U.S. Senate advanced the 21st Century ROAD to Housing Act in an 84-6 cloture vote, moving the bill closer to a final floor vote. Included in the legislation is a provision that prohibits the Federal Reserve from issuing a retail central bank digital currency (CBDC) until December 31, 2030. While the bill enjoys bipartisan support, a group of House Republicans is demanding the ban be made permanent, citing concerns over financial...

President Donald Trump stated on Monday that the war against Iran is “very complete, pretty much,” and could conclude “very soon.” The Islamic Revolutionary Guard Corps (IRGC) countered the claim, asserting that Iranian forces will be the ones to “determine the end of the war.” Bitcoin (BTC) jumped 4.5% to approach the $69,000 level as oil prices retreated from intraday highs following the de-escalation signals. Digital assets and global...

The CL-USDC perpetual contract tracking WTI crude oil surpassed $1.2 billion in 24-hour trading volume on Hyperliquid. The surge made oil the second-most traded asset on the platform, trailing only Bitcoin and overtaking Ethereum. Extreme volatility in traditional energy markets, driven by the Strait of Hormuz closure, fueled the demand for 24/7 leveraged commodity trading. The decentralized exchange Hyperliquid witnessed an unprecedented...

Block CEO Jack Dorsey confirmed the company will support stablecoins, marking a pivot from its historically Bitcoin-only product strategy. The decision is primarily motivated by customer demand for fiat-pegged assets as the stablecoin market capitalization hits $318 billion. The shift follows a massive corporate restructuring where Block cut its workforce by 40% to transition into an AI-first organization. Jack Dorsey, the outspoken...