Senator Cynthia Lummis is mounting a final legislative push for the CLARITY Act, framing the bill as the essential bedrock for 21st-century financial infrastructure. With the measure already clearing the Senate Banking Committee, lawmakers face a shrinking window to secure a floor vote before the upcoming August recess.
South Africa’s Revenue Service has released draft guidance clarifying that digital assets fall under established income and capital gains tax rules rather than foreign currency regulations. The move signals a shift toward stricter compliance, as the authority prepares to implement international reporting standards for crypto service providers by 2026.
Bitcoin is testing the $63,000 threshold as traders weigh a classic short squeeze against persistent technical resistance. Trading near $62,675, the asset maintains a precarious hold on its weekly 200-day moving average, leaving market participants divided on whether this recovery signals a genuine trend reversal or merely liquidity hunting.
Institutional capital flows and corporate treasury strategies have eclipsed the traditional four-year halving cycle as the primary drivers of Bitcoin’s market trajectory. Michael Saylor, executive chairman of MicroStrategy, argues that the asset’s future relies less on protocol-level software updates and more on its integration into global finance.
Users pulled $1.23 billion in net assets from Binance during the week of June 29, a 207% surge that coincides with a record spike in Ethereum withdrawals. This exodus, totaling $3.2 billion over the month, highlights growing user caution amid shifting regulatory landscapes and volatile market conditions.
A seven-figure Bitcoin price tag may reflect systemic global instability rather than a triumph of digital finance. Ledger co-founder Eric Larchevêque argues that if Bitcoin reaches $1 million or $10 million, the catalyst will likely be the collapse of fiat currencies, sovereign debt crises, and widespread social unrest.
Investors pulled $527 million from U.S. spot Bitcoin ETFs during the four trading days ending July 2, marking the eighth consecutive week of net outflows. Despite a brief return to daily inflows mid-week, the sector continues to struggle with its longest sustained period of capital flight since launch.
The Trump administration is blocking approximately 250 onshore wind energy projects across more than 30 states by leveraging the Department of Defense to stall Federal Aviation Administration approvals. The move creates a functional ban on new wind development that could have otherwise powered 15 million American homes.
With the US military widely considered the world’s largest institutional polluter, filmmaker Abby Martin and co-director Mike Prysner spent five years tracing the environmental devastation caused by American defense operations, from toxic waste at Camp Lejeune to the carbon-heavy infrastructure of a global military empire.
Dangerous heat indexes reaching 115°F forced Washington, D.C. and Philadelphia to cancel their Independence Day parades this week. Scientists attribute the extreme weather to a climate emergency that has rendered such record-shattering temperatures virtually impossible to achieve without the persistent global impact of fossil fuel pollution.
Consumer advocates and U.S. senators are pushing back against President Donald Trump’s declaration of a national energy emergency, which critics describe as a pretext to expedite over 100 fossil fuel projects and dismantle long-standing environmental protections while undermining clean energy development.
As the nation prepared to mark the 250th anniversary of the Declaration of Independence, hundreds of masked members of the white nationalist group Patriot Front descended on Washington, D.C. on Saturday. The group, carrying Confederate and U.S. flags, traversed Capitol Hill before departing the city by train.
Standing before Mount Rushmore on the eve of America’s 250th birthday, Donald Trump warned of a rising "communist menace" and urged the termination of the filibuster to secure a century of Republican governance, framing the upcoming midterms as a binary choice between his party and the total loss of the nation.
A mother and son are in police custody following a sophisticated real estate ruse that saw a wealthy couple lose $1.8 million in cryptoassets. The suspects, who allegedly posed as intermediaries for an Italian buyer, used hidden camera glasses to record private security keys during a meeting in Milan.
With active Bitcoin holders currently nursing an average unrealized loss of 20%, the market faces a significant psychological hurdle. The True Market Mean, currently sitting at approximately $76,700, has transformed into a stubborn resistance level as investors look to exit positions at break-even prices rather than holding through volatility.
Nearly one million individual investors have collectively lost $3.81 billion betting on the official TRUMP memecoin, according to blockchain data. While retail buyers saw their holdings evaporate as the token price plummeted 97% from its peak, financial disclosures reveal the former president personally extracted $636 million from the venture.
A 24-year-old man lured by a fake graphic design job in Thailand ended up trapped in a Myanmar cyber scam compound, prompting a criminal investigation by Indian authorities. The case highlights a growing regional crisis where job seekers are trafficked into forced labor to run fraudulent cryptocurrency investment schemes.
Millions of German retail customers can now trade digital assets directly through their local cooperative banks. By integrating platforms like Bitcoin and Ethereum into existing banking apps, DZ Bank is bypassing traditional crypto exchanges to capture a growing appetite for digital investments among mainstream financial users.
Bitcoin’s realized profit and loss ratio has plunged to -0.35, a 43-month low that historically signals major market bottoms. This technical threshold, not seen since the FTX collapse in late 2022, suggests the current correction may be nearing its final phase as institutional capital begins to return to the sector.
The European Union’s Markets in Crypto-Assets (MiCA) framework is forcing a major structural shift for fintech giant Revolut, which has begun the process of delisting Tether’s USDT for its regional user base. The decision marks a significant retreat for the world’s largest stablecoin within the bloc’s increasingly regulated digital asset landscape.
Labour MP Phil Brickell has petitioned the Parliamentary Commissioner for Standards to investigate whether Nigel Farage breached conduct rules by lobbying the Bank of England on cryptocurrency policy while receiving substantial financial backing from Christopher Harborne, a prominent investor in the stablecoin issuer Tether.
After watching his investment plummet from a $100,000 entry point to roughly $62,162, Barstool Sports founder Dave Portnoy has committed to holding his Bitcoin position even if the asset drops to zero, citing a long history of mistimed trades that taught him to stop panic-selling during market downturns.
The Major County Sheriffs of America has abandoned its formal opposition to the CLARITY Act’s decentralized finance provision, removing a significant hurdle for the proposed U.S. crypto market structure bill as Senate discussions enter a critical phase.
As record-shattering heatwaves grip Canada, Prime Minister Mark Carney has ignited a firestorm of protest by partnering with Alberta to advance a massive new tar sands pipeline. The project, estimated to cost between $35 billion and $44 billion, aims to export over a million barrels of oil daily to Asian markets.
Avi Lewis secured 56% of the vote on Sunday to become the new leader of Canada’s New Democratic Party, promising to rescue the diminished political force from the wilderness by championing an aggressive, affordability-focused agenda designed to challenge corporate monopolies and redistribute national wealth.
Shielded Labs is evaluating a potential delay to the Zcash Ironwood network upgrade, citing readiness gaps among exchanges, mining pools, and wallet providers. Executive director Jason McGee indicated that the simultaneous migration from the legacy zcashd software to the new Z3 stack has created significant logistical hurdles for network participants.
With the Trump Accounts program set for a July 4 launch, Robinhood has emerged as the primary platform tasked with facilitating government-backed investment accounts for American children. The initiative, which grants eligible minors a $1,000 federal contribution, aims to integrate long-term portfolio management into retail brokerage services.
South Korean crypto exchange Upbit has officially rejected claims of its involvement in the Open USD stablecoin initiative, joining a growing list of major corporations distancing themselves from the project after being listed as participants by the Open Standard consortium without formal agreements.
A hidden vulnerability in the Zodiac smart contract framework, dormant since October 2023, facilitated a $1.5 million exploit of Gnosis Pay’s card infrastructure on June 1. While the breach compromised thousands of self-custodial wallets, the firm confirmed that all impacted users were fully reimbursed for their losses.
A staggering $1.4 billion in crypto-related income reported by President Donald Trump has reignited a fierce debate over congressional ethics. Senator Kirsten Gillibrand is now leveraging the disclosure to demand that the upcoming CLARITY Act include strict prohibitions against lawmakers and their spouses issuing or promoting volatile memecoins.