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Treasury Secretary Urges CLARITY Act Passage, Saying The US Should Be Home For Crypto

On Thursday, Treasury Secretary Scott Bessent urged Congress to pass the CLARITY Act, a bill that would provide the crypto industry with a regulatory framework and the long-awaited clarity it needs regarding the classification of digital assets. Bessent Presses Lawmakers To Pass The CLARITY Act In remarks at the White House, Bessent emphasized that the goal of the CLARITY Act should be to bring digital assets into the US rather than letting activity remain largely offshore. He said: The most important thing we can do is to make digital assets come into the United States. Make the US the home. I would encourage the House and the Senate to get Clarity done. Related Reading: Ethereum (ETH) Drops Below $2,000—Why Standard Chartered Still Expects $40,000 By 2030 Bessent’s comments also targeted what he called the “wild, wild west” environment for digital assets outside the US. He argued that much of the confusion and controversy surrounding crypto stems from a lack of clear rules when the activity is happening offshore. “When you look at digital assets, all the nonsense that happens, all the things you read about, that’s because it’s the wild, wild west offshore. So we got to bring it onshore,” he said, before urging lawmakers again to “get CLARITY Act done.” CBDCs Off The Table The push comes after the CLARITY Act moved forward in the Senate earlier this month. The Senate Banking Committee approved its portion of the legislation, building on progress from January, when the Agriculture Committee successfully voted on its version. With those committee steps completed, the CLARITY Act must clear a full Senate vote, complete the legislative reconciliation steps required to finalize the bill, and secure a final agreement between the House and the Senate before the measure can move to the President’s desk. Related Reading: Hyperliquid (HYPE) In The Spotlight: Grayscale’s Latest Report Says What Comes Next Bessent also addressed the administration’s broader crypto policy direc

newsbtc.com

Bitcoin Miners Face AI Squeeze as Hash Rate Flattens and Network Enters New Security Phase, Fidelity Says

Bitcoin Magazine Bitcoin Miners Face AI Squeeze as Hash Rate Flattens and Network Enters New Security Phase, Fidelity Says Fidelity Digital Assets says 2026’s crypto slump masks a deeper “structural retooling,” as institutional adoption, tokenization, and Bitcoin’s evolving infrastructure quietly advance despite weaker prices. This post Bitcoin Miners Face AI Squeeze as Hash Rate Flattens and Network Enters New Security Phase, Fidelity Says first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

bitcoinmagazine.com

Shiba Inu OI Crashes Over 30%, SHIB Burns Grind To A Halt; Is This The End?

The Shiba Inu (SHIB) price has remained under strong pressure this year as weak demand and fading market momentum continue to weigh on the meme coin. Beyond the price decline, new data now show that Shiba Inu’s Open Interest (OI) has crashed by more than 30%, while its burn rate has also slowed significantly. The decline in these key metrics points to weakening investor interest, lower trading activity, and reduced network engagement. Combined with Shiba Inu’s ongoing price struggles, these growing bearish signals have raised concerns about whether Shiba Inu is losing the strength that once made it the second-largest meme coin in the crypto market. Shiba Inu Open Interest Crashes As Price Plummets On May 27, data from Coinglass revealed that Shiba Inu’s Open Interest had dropped by 6% to $49.4 million, signaling weakness in futures activity and a decline in investor confidence in the meme coin. During the same period, Shiba Inu’s futures flow plunged by a staggering 190%, with outflows reaching $5.6 million, far exceeding the previous inflows of around $4.74 million. Related Reading: Shiba Inu Could Stage A Return As 20% Move Puts It Ahead Of Bitcoin And XRP In This Metric Notably, this sharp decline pushed the net difference to $865,790 in total closed Shiba Inu contracts within 24 hours. The heavy outflow also wiped out roughly 156.56 billion SHIB tokens from the futures market, underscoring the ongoing decline in speculative trading activity. Fast forward to today, Shiba Inu’s Open Interest has dropped an additional 5.6% to around $46.44 million. This suggests that traders are still closing positions at a rapid pace as bearish sentiment continues to dominate the market. The continued decline in leverage activity also reflects weakening sentiment among short-term investors, with many appearing unwilling to place strong bullish bets on SHIB’s near-term recovery. This bearish shift comes as the meme coin’s price experiences prolonged volatility and market swings. Ac

newsbtc.com

Anonymous Plaintiff Seeks Legal Title to $293 Billion in Dormant Bitcoin, Without Holding Any Private Keys

Bitcoin Magazine Anonymous Plaintiff Seeks Legal Title to $293 Billion in Dormant Bitcoin, Without Holding Any Private Keys A pseudonymous claimant, “Noah Doe,” alongside two Wyoming LLCs, has filed a lawsuit in New York Supreme Court seeking recognition as the rightful owner of 39,069 dormant Bitcoin addresses containing roughly 3.8 million BTC—valued at about $293 billion. This post Anonymous Plaintiff Seeks Legal Title to $293 Billion in Dormant Bitcoin, Without Holding Any Private Keys first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

bitcoinmagazine.com

Ethereum (ETH) Drops Below $2,000—Why Standard Chartered Still Expects $40,000 By 2030

Ethereum (ETH) has followed Bitcoin (BTC) and much of the wider crypto market lower over the past 48 hours, dropping below the key $2,000 support level and reigniting concerns among some investors that a longer bear phase could be underway. Even with the recent slide, Standard Chartered’s Digital Assets Research Head, Geoff Kendrick, says the bank is not backing away from its bullish long-term outlook for Ethereum. Ethereum Price Will Catch Up In a note to investors on Thursday, Kendrick reaffirmed Standard Chartered’s core projection for Ethereum’s performance over the next four years, including its end-2030 target of $40,000 for ETH. He linked the current weakness to something investors may eventually look back on as a confusing, even misleading, signal. Rather than treating the price drop as proof that the network is weakening, Kendrick argued that Ethereum’s usage metrics are continuing to improve even as the token’s market value loses ground. Related Reading: Hyperliquid (HYPE) In The Spotlight: Grayscale’s Latest Report Says What Comes Next To illustrate the gap between price action and underlying progress, Kendrick drew a comparison to Amazon during the 2001 dot-com bust. His argument echoes a line often attributed to Jeff Bezos: that while a company’s stock can go the wrong way, “everything inside the company” can still be moving in the right direction. Kendrick specifically said that Ethereum will “catch up” to those improving internal metrics and suggested that investors are effectively watching a delay between operational strength and market pricing. ETH Upside Signals Standard Chartered’s view leans heavily on measurable indicators that Kendrick says support Ethereum’s position in key parts of the crypto economy. One of the bank’s central points is Ethereum’s role in stablecoins. Kendrick noted that 54% of all stablecoins are currently issued on the network. He also said stablecoins make up around one-third of all Ethereum transactions in 2026 year-to-da

newsbtc.com
XRP Sends A Rare Signal As Whale-Retail Dynamics Are Shifting – Traders Are Watching

XRP Sends A Rare Signal As Whale-Retail Dynamics Are Shifting – Traders Are Watching

XRP is testing critical demand levels as selling pressure keeps the price under stress, and participants on both sides of the trade search for the structural signal that determines whether the current level holds or gives way to further decline. The price action is tense — and a CryptoQuant analyst has identified a shift in the exchange flow data on Binance that adds a specific structural dimension to the current test that the price chart alone cannot reveal. Related Reading: Bitcoin Sends An Unusual Signal After Miner Inflows Top 20,000 BTC – Analyst Explains The Setup The metric the analyst examines tracks the spread between whale activity and retail activity in XRP outflows on Binance. A measure of how dominant large holders are relative to smaller participants in the exchange’s flow structure. The latest reading places that spread at 88.3%, a level that sits near its lowest range since May 2024. Whales continue to dominate XRP outflows on Binance, but the gap between their activity and retail participation is widening in a way that describes a structural shift rather than a temporary fluctuation. What makes the current reading more significant than a routine data point is its context within the month. This is not a first-time visit to this zone — it is a retest of the same low range within the same period. A single low reading can be explained away as noise. A retest of the same zone strengthens the signal that XRP’s exchange flow structure has genuinely changed from the conditions that characterized stronger phases of the cycle. The CryptoQuant analysis examines what that change describes about where large and small participants are positioned — and what it suggests about the structural balance of the current demand test. Whale Dominance Is Fading The CryptoQuant analyst defines the metric precisely before drawing conclusions from it. The Binance Whale vs Retail Spread measures the difference between large XRP outflows — transactions above 10,000 XRP — and smal

newsbtc.com

Can The Ripple Banking License Serve To Push The XRP Price To $25?

Ripple’s march to full banking status is one of the biggest talking points among members of the XRP community, with some analysts and enthusiasts asking whether the regulatory milestone could serve as the factor that pushes XRP into price territory it has never previously reached. The company’s balance sheet, its growing institutional presence, and XRPL-native infrastructure developments are combining to project bold predictions, including a target of $25 per coin. Ripple’s Banking Approval Is Important In December 2025, Ripple received conditional approval from the Office of the Comptroller of the Currency (OCC) for a national bank charter, which is a milestone no other crypto-native company had achieved. The charter is designed to clear the way for Ripple National Trust Bank, which will custody and manage reserves for Ripple’s RLUSD stablecoin. Related Reading: Dogecoin Monthly Triangle Pattern That Triggered 30,000% Parabolic Rally In 2021 Has Returned A viral claim on the social media platform X from XRP enthusiast account KingXRP describes Ripple as having “officially obtained a banking license,” with its valuation pushed above $120 billion. That sentencing captures the excitement around the development, but it leaves out important context. The OCC conditionally approved Ripple’s application to establish Ripple National Trust Bank. However, Ripple has also applied for a Federal Reserve master account, which would allow the trust bank to plug directly into FedWire and FedNow systems and hold dollar reserves at the central bank. That access, if granted, would place Ripple inside the core infrastructure of the US payments system. What XRP Would Need To Reach $25 Ripple’s last widely reported private valuation was around $40 billion following a $500 million strategic investment round. However, Ripple does own an estimated 42 billion XRP on its balance sheet. Around 4.5 billion to 6.4 billion XRP are held directly in company wallets, while roughly 33 billion XRP are

newsbtc.com

Sequans (SQNS) Completes Bitcoin Unwind, Exits Digital Asset Strategy After Less Than a Year

Bitcoin Magazine Sequans (SQNS) Completes Bitcoin Unwind, Exits Digital Asset Strategy After Less Than a Year Sequans Communications exited its Bitcoin treasury strategy in under a year after selling most of its holdings to retire convertible debt, leaving about 658 BTC and refocusing on its core IoT business. This post Sequans (SQNS) Completes Bitcoin Unwind, Exits Digital Asset Strategy After Less Than a Year first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

bitcoinmagazine.com

Bitcoin Price Falls 5.5% in 5 Days to Below 73,000 as Spot ETF Outflows Accelerate

Bitcoin Magazine Bitcoin Price Falls 5.5% in 5 Days to Below 73,000 as Spot ETF Outflows Accelerate Bitcoin price has fallen more than 5.5% over the past week to around $72,600 as spot ETF outflows and rising U.S.-Iran tensions fueled broader risk-off sentiment. This post Bitcoin Price Falls 5.5% in 5 Days to Below 73,000 as Spot ETF Outflows Accelerate first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

bitcoinmagazine.com

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