Galaxy Digital Head of Research Alex Thorn gives the CLARITY Act 70% odds of passing and says it could put Bitcoin (CRYPTO: BTC) “on a path to new all-time highs” if signed into law.

Nine Weeks Left To Pass Before August Recess

Congress has about nine weeks of session time left before the August recess, with 6 to 7 weeks of work needed to get the bill to President Trump’s desk, Thorn said in an interview with Cointelegraph on Thursday.

After August, very little gets done through the midterm elections in November.

The Senate Banking Committee advanced the bill last week on a bipartisan basis after Senator Ruben Gallego (D-AZ) and Senator Angela Alsobrooks (D-MD) broke ranks to vote…

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Once built around crypto trading, the company is accelerating its push into the stablecoin and asset management businesses as it chases a place in the next wave of digital finance

image credit: Bamboo Works

Key Takeaways:
Bitfire lost up to HK$245 million in the six months through March, nearly 19 times more than its loss a year earlier

The company is accelerating its expansion into the stablecoin and asset management businesses

According to the profit warning, issued last week, Bitfire said it expects to record a net loss of up to HK$245 million ($31.28 million) for the six months through March, the first half of its fiscal year. That represents a nearly 19-fold increase from a loss of…

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XRP Pulled $8.88M Latest Session, Bitcoin Lost $100.9M

XRP-linked funds pulled in $8.88 million in the latest session, extending a streak that includes $18.52 million on May 14 and $10.87 million on May 15. 

This contrasts sharply with Bitcoin ETFs, which lost $100.9 million in the latest session following redemptions of $648.6 million, $331.1 million, and $290.4 million earlier in the same stretch.

XRP held near $1.37, down 1% on the day. The daily structure shows price compressing between Supertrend at $1.3296 and the declining EMA cluster overhead at $1.40 to $1.48.

4,300 New XRP Wallets Created In 24 Hours

On-chain data show a sharp one-day spike of about 4,300 new XRP wallets, according…

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The world’s largest cryptocurrency exchange, Binance, is reportedly at the heart of a secret payment network established by Iranian billionaire financier Babak Zanjani to fund Iran’s military forces.

Binance’s internal investigators concluded that the accounts were part of a money-laundering network designed to fund the Iranian regime, as per the report.

WSJ also reported that Iran’s central bank allegedly transferred $107 million in cryptocurrency into Binance accounts last year, while foreign investigators tracked roughly $260 million in transactions during 2024 and 2025 between Binance-linked accounts and wallets tied to sanctioned Iranian entities and suspected terrorist…

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U.S. lawmakers introduced the American Reserve Modernization Act of 2026 on Thursday, a bipartisan bill seeking to acquire 1 million Bitcoin (CRYPTO: BTC) over five years and establish a Strategic Bitcoin Reserve.

Bill Would Hold Bitcoin For 20 Years Minimum

The legislation, sponsored by Alaska Republican Representative Nick Begich with 16 co-sponsors, would require Bitcoin to be held for a minimum of 20 years unless sold to reduce the national debt, which topped $39 trillion on Wednesday.

“The US is already one of the largest holders of Bitcoin in the world. But Congress has never set a federal policy on what to do with that asset,” said Representative Jared Golden, a co-sponsor.

The US…

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Whales are increasingly loading up on XRP (CRYPTO: XRP) as signs emerge that geopolitical tensions may de-escalate.

Whales Sensing Something Bullish?

Widely followed cryptocurrency analyst Ali Martinez highlighted in an X post that large investors scooped up 71 million XRP tokens over the past week. At the prevailing prices, this amounted to $96.56 million

Accumulation picked up significantly on Tuesday and Wednesday, just as President Donald Trump announced that negotiations to end the war with Iran were in their “final stages.”

New Addresses Soar

Meanwhile, on-chain analytics firm Santiment reported the fourth-largest spike in new XRP wallet creations this year, signaling robust network…

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Billionaire investor Mark Cuban revealed on Thursday that he’s sold most of his Bitcoin (CRYPTO: BTC) as it didn’t turn out to be the “hedge” he expected it to be.

How Bitcoin Disappointed Cuban

Appearing on the Portfolio Players podcast, Cuban said that Bitcoin has “lost the plot” and been “disappointing.”

The “Shark Tank” celebrity said he always thought of Bitcoin as a “better version” of gold and the “best alternative” to fiat currency losing its value.

“Well, gold just blew up and went to $5,000, and Bitcoin dropped. Every time the dollar dropped, Bitcoin should’ve gone up,” Cuban said.

He said Bitcoin didn’t perform as the hedge he had expected, and…

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Leading cryptocurrencies moved sideways, while stocks rose further on Thursday, as traders pinned their hopes on an Iran ceasefire.

Crypto Recovery Stalls

Bitcoin failed to hold gains above $78,000, while Ethereum stalled near $2,150 as major cryptocurrencies remained flat.

Roughly $100 million was liquidated in the past 24 hours, evenly split between long positions and short positions, according to Coinglass data.

Bitcoin’s open interest fell 2.25% over the last 24 hours. Interestingly, the majority of retail and whale traders on Binance were positioned long on the apex cryptocurrency.

“Fear” sentiment prevailed in the market, according to the Crypto Fear & Greed Index.

Top Gainers (24…

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