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White House Sets July 4 Target for Landmark Clarity Act Crypto Regulation Bill

White House Sets July 4 Target for Landmark Clarity Act Crypto Regulation Bill

White House targets July 4 passage of the Clarity Act for broad U.S. crypto market structure legislation. Senate Banking Committee markup planned for May, with floor action in June to allow House reconciliation. Stablecoin yield compromise deemed closed; ethics provisions under discussion to address conflicts of interest. Bill would clarify CFTC vs. SEC jurisdiction, exempt compliant digital asset sales, and include safeguards...

Crypto regulation, Cryptocurrencies, Front page, News, Regulation

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Kelp DAO Abandons LayerZero for Chainlink CCIP Following $292 Million Bridge Exploit

Kelp DAO is officially migrating its rsETH liquidity restaking token to Chainlink CCIP, marking the first major exit from LayerZero after the April 18 security breach. The move follows a $292 million exploit where attackers, linked to the Lazarus Group, drained 116,500 rsETH by compromising RPC nodes used in a single-validator setup. A public dispute has erupted between the protocols, with Kelp DAO citing data that 47% of LayerZero...

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Strategy Shifts Away From ‘Never Sell’ Bitcoin Mantra to Fund Dividends

Strategy Executive Chairman Michael Saylor stated the firm will “probably sell some bitcoin” to fund dividend payments and “inoculate the market.” The company reported a $12.54 billion net loss for Q1 2026, primarily due to a $14.46 billion unrealized fair-value loss on its BTC holdings. CEO Phong Le clarified the firm will sell Bitcoin when “advantageous to the company,” moving away from its previous...

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Coinbase Cuts 14% of Workforce as It Shifts to AI-Native Operations

Coinbase Cuts 14% of Workforce as It Shifts to AI-Native Operations

Coinbase to cut roughly 700 jobs, representing 14% of its workforce of about 4,900-5,000 employees. CEO Brian Armstrong cites converging forces of market downturn and AI advancements changing workflows. Company moving to flatter organization with no pure managers, player-coach leaders, and smaller AI-native teams. Restructuring costs estimated at $50-60 million, expected to complete in Q2 2026. Crypto exchange Coinbase...

Cryptocurrencies, Exchanges, Front page, News

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Western Union Launches USDPT Stablecoin on Solana for 24-7 Global Settlements

Western Union Launches USDPT Stablecoin on Solana for 24/7 Global Settlements

Western Union launched USDPT, a U.S. dollar-denominated payment stablecoin fully backed by USD and issued by Anchorage Digital Bank on the Solana blockchain. The token targets 24/7 treasury management and agent settlements, initially rolling out in the Philippines and Bolivia. Fireblocks provides the underlying wallet, settlement, and operations infrastructure; plans include broader exchange availability and consumer access via...

Crypto adoption, Cryptocurrencies, Front page, News, Stablecoins

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