Senate Agriculture Committee advances digital asset bill
Senate Ag just moved the Clarity Act one step forward – but only barely. The committee advanced its crypto market-structure bill 12-11 on a party-line vote, with Democrats saying Trump’s family crypto ties are now the main blocker to bipartisan support. Overall, it’s a small win in regards to building momentum, but this bill still has a long way to go. Senate Banking has to mark up its version next. Read more →
Golds market-cap rises 10% in 3 days
The metal went from about $5,050/oz Sunday night to $5,600/oz by Wednesday, adding roughly $3.7 trillion in value. To put that in perspective, gold gained twice the entire market cap of BTC in just three days. Read more →
Conversely, gold just flash crashed ~9% this morning. We’ve been writing this letter long enough to remember how bitcoin was at one point too volatile.
Robinhood wants tokenized stocks to trade 24/7
In a reflective post, 5 years after the GameStop bonanza, Robinhood’s (HOOD) CEO Vlad Tenev explains exactly what went wrong (kind of). He also uses the post to explain why giving investors the ability to trade tokenized stocks 24/7 is so important and why U.S. regulators need to get in front of it immediately. At this point, tokenized trading isn’t an if, but a when. Read more →
China executes 11 ringleaders of pig butchering scam compound Link»
Exxon and Chevron Have an Unlikely New Competitor Link»*
Crypto PAC Fairshake amasses $193M war chest ahead of midterms Link»
Coinbase rolls out Kalshi-Powered prediction markets across US Link»
KRAKacquisition quietly IPOs Link»
Robinhood is investing in crypto trading platform Talos at $1.5 billion valuation Link»
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