Quick Summary: Senior House Democrat Maxine Waters questions the Federal Reserve’s decision to grant crypto firm Kraken a limited master account. Kraken’s recent approval for a limited Federal Reserve master account is facing scrutiny from a senior member of the U.S. House of Representatives. Maxine Waters, the ranking Democrat on the House Financial Services Committee, has sent a formal letter to the president of the regional Fed bank that granted the account. The approval marked the first time a crypto firm has received such an account from the Federal Reserve.Waters’ inquiry targets the regional Fed bank responsible for the decision,…
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Quick Summary: A US House subcommittee hearing exposed sharp divisions over how regulators should oversee digital assets under the Trump administration. A US House Financial Services Committee subcommittee convened Thursday to examine differing approaches to digital asset oversight at the Securities and Exchange Commission. The hearing, held by the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, brought into focus a broader debate about whether regulators are keeping pace with rapidly evolving financial technology. Lawmakers on both sides of the aisle raised questions about the direction of federal crypto policy.Representative Stephen Lynch of Massachusetts, the subcommittee’s ranking member, said…
Quick Summary: Bitcoin rebounded modestly after President Trump announced a 10-day extension on the pause of U.S. attacks against Iran’s energy infrastructure. Bitcoin staged a modest recovery following earlier losses after U.S. President Donald Trump announced an extension of the pause on American attacks targeting Iran’s energy infrastructure. The pause was extended to 10 days, offering markets a brief reprieve from geopolitical uncertainty. The announcement came after a broad market selloff on Thursday that weighed heavily on risk assets.Prior to Trump’s remarks, Bitcoin had fallen more than 3% during Thursday’s trading session. The Nasdaq also declined, dropping 2.4% amid the…
Quick Summary: OpenAI has scrapped its planned erotic chatbot feature after internal warnings that it could foster unhealthy dependency and harmful behavior among users. OpenAI has abandoned plans to introduce an erotic chatbot feature, stepping back from a controversial expansion of ChatGPT that would have permitted adult users to generate sexual content. The reversal was first reported by the Financial Times on Thursday. OpenAI has not publicly addressed the decision and declined to comment when approached for a statement.The shelved feature was reportedly to be called Citron mode. Internal opposition played a significant role in the cancellation, with members of…
Quick Summary: A Texas judge dismissed a crypto developer’s pre-emptive lawsuit, ruling Trump DOJ statements against prosecution remove grounds for legal standing. The Trump administration has positioned itself as a champion of the cryptocurrency industry, rolling out permissive regulations and making repeated promises to protect software developers. However, a series of recent legal actions and a new court ruling are raising serious doubts about whether those commitments carry any practical weight. Advocates say the situation has left crypto privacy developers in a precarious and legally ambiguous position.The Trump Justice Department pledged last year to halt prosecutions of developers who build…
Quick Summary: TD Securities says Nasdaq’s tokenization plans could create a dual-market structure with price differences between traditional and blockchain-based trading venues. TD Securities has cautioned that efforts by Nasdaq to bring tokenization into capital markets could produce a dual-market structure, with conventional US exchanges operating alongside blockchain-based trading platforms. The warning came in a recent note authored by Reid Noch, vice president of US equity market structure at TD Securities. Noch highlighted plans by both Nasdaq and the New York Stock Exchange to introduce tokenization into alternative trading systems, a category of venue that matches buyers and sellers outside…
Quick Summary: Bitcoin drops 2.3% to around $69,170 as conflicting signals over Iran peace negotiations unsettle crypto and equity markets. Bitcoin fell roughly 2.3% over a 24-hour period to trade around $69,170 on Thursday, according to CoinGecko, after earlier dipping closer to $68,000 before partially recovering. Ethereum declined 4.4% to $2,070, while Solana dropped 5% to $86. The losses pushed all three assets into negative territory for the week, mirroring a broad pullback across traditional financial markets.U.S. equities also retreated sharply on the day. The S&P 500 closed 1.7% lower, the Nasdaq fell more than 2.3%, and the Dow Jones…
Quick Summary: Twenty One Capital now holds 43,514 BTC, making it the second-largest publicly traded Bitcoin treasury after MARA sold roughly $1.1 billion in holdings. Twenty One Capital, the Bitcoin treasury company led by Jack Mallers, has climbed to the position of second-largest publicly traded Bitcoin treasury by holdings. The shift follows a significant sell-off by crypto miner MARA, which offloaded 15,133 BTC throughout March 2026, pushing it down to third place. Twenty One Capital now holds 43,514 BTC in its corporate treasury, a position valued at over $2.9 billion based on current market prices, according to data from BitcoinTreasuries.Twenty…
Quick Summary: GameStop has pledged almost all of its 4,710 bitcoin to Coinbase as collateral for a covered-call options strategy rather than selling the holdings. GameStop has disclosed that nearly all of its 4,710 bitcoin have been pledged to Coinbase as collateral, rather than being liquidated. The move is part of a covered-call options strategy the company is using to generate premium income from its cryptocurrency holdings. The disclosure clarifies the current status of the bitcoin position, which had drawn significant attention from investors.Under the strategy, GameStop wrote short-dated call options with strike prices ranging between $105,000 and $110,000. By…
Quick Summary: OKX says it will postpone a U.S. public listing until it can ensure long-term shareholder value, despite a recent $25 billion valuation. OKX, one of the world’s largest cryptocurrency exchanges, has announced it will hold off on pursuing a public listing in the United States until it is confident the move will deliver sustained value to shareholders. The decision comes despite the exchange’s rapid expansion across global markets. Executives have signaled that timing and market conditions remain central to their thinking.The exchange was recently valued at $25 billion as part of a strategic deal involving Intercontinental Exchange. OKX…
