25 Jun 2025 | 01:25:11 AM IST
Cryptocurrency News & Live Updates
Synopsis
U.S. Senate Republicans are outlining their desired elements for a crypto market structure bill as a hearing approaches, aiming to provide clarity for digital asset regulation.
As the U.S. Senate prepares for a crucial hearing on crypto market structure, Republicans are advocating for a clear regulatory framework to distinguish between digital securities and commodities. This comes amid excitement over stablecoin legislation, which has already gained significant traction. Binance is also making headlines with its announcement of the Sahara AI (SAHARA) HODLer airdrop and upcoming listing, showcasing its commitment to community engagement. CEO Richard Teng highlighted the evolving altcoin landscape, noting the oversaturation of tokens and the limited impact of meme coins on Bitcoin's dominance. Meanwhile, Upexi's shares plummeted by over 61% due to a significant stock sale, raising concerns about its Solana treasury holdings. In a broader context, U.S. Federal Reserve Chair Jerome Powell's recent remarks have been analyzed as slightly hawkish, indicating a shift in economic sentiment. Together, these developments reflect the dynamic nature of the cryptocurrency market and the ongoing efforts to establish a regulatory framework that can adapt to its rapid evolution.
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U.S. Senate Republicans are outlining their desired elements for a crypto market structure bill as a hearing approaches, aiming to provide clarity for digital asset regulation.
Binance Unveils Sahara AI Airdrop and Listing
Binance has announced the 25th project on its HODLer Airdrops page, Sahara AI (SAHARA), with airdrop distributions for users who subscribed to Simple Earn products from June 18 to June 21, 2025. SAHARA will be listed on June 26, 2025, with various trading pairs.
Binance's Richard Teng on Altcoin Market Dynamics
In a recent AMA, Binance CEO Richard Teng discussed the altcoin market's growth potential, noting a significant increase in unique tokens and the challenges posed by market oversaturation.
Upexi Stock Drops Significantly After Share Sale
Upexi's shares fell by 61.2% to $3.85 following the sale of 43.85 million shares, matching the company's initial circulating shares, as reported by TheBlock.
Powell's Remarks Indicate Slight Hawkish Shift
An analysis by Odaily reveals that Jerome Powell's recent remarks show a slightly more hawkish tone compared to February, indicating a shift from last week's FOMC meeting discussions.
Hut 8 Increases Bitcoin-Backed Loan to $130M
Hut 8 has doubled its bitcoin-backed credit facility with Coinbase to $130 million, securing a fixed interest rate of 9% and extending the maturity to July 2026.
Marinade Finance Launches Tools Against Validator Exploits
Marinade Finance has introduced new tools to identify and penalize Solana validators involved in sandwich attacks, enhancing the security of user transactions.
Airbender zkVM Achieves 35-Second Ethereum Proofs
Matter Labs introduced its new cryptographic prover, Airbender, at the Permissionless conference, claiming it can generate Ethereum block proofs in just 35 seconds using a single GPU.
BCH Faces Resistance at $467 After High-Volume Surge
BCH encountered three rejections at the $467 resistance level despite a high-volume rebound, with support forming around $450.
Chainlink's LINK Jumps 13% on Mastercard Deal
Chainlink's LINK token rose 13% to $13.51 following a partnership announcement with Mastercard, enabling 3 billion cardholders to purchase cryptocurrencies on-chain.
Floki Tests Crucial Support: Will a Reversal Occur?
Floki is approaching a critical support level after a significant decline, with the potential for a double bottom reversal if key price levels and volume conditions are met.
Nasdaq-Listed Firm's Stock Jumps Over 100% After BNB Plan
Nano Labs announced plans to invest in BNB, leading to a 100% surge in its stock price, currently trading at $22.
Solana ETF Applicants Update SEC Filings
Multiple companies aiming to launch Solana-tracking ETFs have revised their filings with the SEC to address regulatory inquiries, though the SEC shows no urgency to approve them.
Aptos Labs and Jump Crypto Unveil Shelby Storage Network
Aptos Labs has teamed up with Jump Crypto to launch Shelby, a decentralized hot storage network aimed at enhancing real-time Web3 applications with high-performance nodes and on-chain programmability.
Streaming Money: The Future of Finance
With the rise of stablecoins, the economy may soon operate like a streaming service, allowing for instantaneous and cost-free transactions.
COIN Act: Democrats Target Trump's Crypto Ventures
Sen. Adam Schiff introduced the COIN Act to prevent U.S. Presidents and their families from engaging in cryptocurrency businesses, particularly targeting Donald Trump and his ties to crypto projects.
Dow Jones Rises 500 Points Amid Ceasefire
U.S. stocks surged as tensions eased between Israel and Iran, with the Dow Jones gaining 470 points. President Trump announced a ceasefire, alleviating fears of a broader conflict that could impact global oil prices.
Prime Intellect Unveils SYNTHETIC-2 AI Model
Decentralized AI protocol Prime Intellect has launched SYNTHETIC-2, an open inference dataset and a synthetic data generation model capable of tackling complex reinforcement learning tasks.
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