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US Treasury Secretary Scott Bessent has asked Congress to pass the Digital Asset Market Clarity (CLARITY) Act without delay, warning that Senate floor time is limited and now is the moment to act. In a Wall Street Journal op-ed on Wednesday, Bessent said the legislation is critical for providing clear regulatory rules for digital assets

The Morgan Stanley Bitcoin Trust (MSBT), the first spot Bitcoin exchange-traded fund (ETF) offered by a US bank, recorded $30.6 million in inflows on its trading debut, giving the Wall Street bank a respectable entry into the spot Bitcoin ETF market. MSBT started trading on the NYSE Arca on Wednesday, generating $34 million in trading

Dubai’s Virtual Assets Regulatory Authority (VARA) published detailed guidance on Thursday that clarifies how token issuers should structure, disclose and distribute virtual assets in the emirate, sharpening rules for stablecoins and real-world asset (RWA) tokens. The document, which interprets VARA’s existing Virtual Asset Issuance Rulebook rather than creating new law, sets out three distinct issuance

South Korean crypto exchange Bithumb has begun legal proceedings to recover 7 Bitcoin still missing from a payout error that saw 620,000 BTC mistakenly distributed during a promotional event in February. The exchange has filed for a provisional attachment, a court-approved measure that freezes assets ahead of a civil lawsuit, targeting users who have yet

Bored Ape Yacht Club creator Yuga Labs has settled its long-running lawsuit with a pair of artists accused of profiting off lookalike NFTs. According to documents filed in the District Court for the Central District of California on Tuesday, Yuga Labs and artists Ryder Ripps and Jeremy Cahen told the court they had reached a

Asset management firm Canary Capital is looking to launch a spot exchange-traded fund (ETF) tied to the PEPE memecoin.  On Wednesday, Canary filed a Form S-1 for the CANARY PEPE ETF with the US Securities and Exchange Commission. The ETF would track the performance of Pepe (PEPE), with all of the trust’s PEPE held by

The US Court of Appeals for the DC Circuit rejected Anthropic’s request to pause a Pentagon designation labeling the firm a national security supply chain risk. The three-judge panel denied the emergency motion for a stay on Wednesday, ruling that the government’s interest in controlling how it secures AI technology during active military conflict outweighed

Just 0.015% of Polymarket traders can reliably make $5,000 or more a month, according to new data, meaning the idea of quitting a full-time job to trade prediction markets is unrealistic for most. Data from crypto analyst Andrey Sergeenkov on Monday found that while nearly 1% of Polymarket traders earned more than $5,000 in a

Blockchain analysis firm Chainalysis estimates that stablecoin volumes could hit $1.5 quadrillion within the next decade, potentially exceeding current estimates of global cross-border payment volumes. In a report on Wednesday, the Chainalysis team said that adjusted stablecoin volume could hit $719 trillion by 2035 just through organic growth, up from $28 trillion in 2025. This

US Federal Reserve members were split on whether the war in the Middle East could spur further interest rate cuts before the end of 2026, according to minutes from the Federal Open Market Committee’s (FOMC) March meeting. On Wednesday, the Fed released minutes from its last FOMC meeting on March 17 and 18. The meeting