BTC traded at $81,164, down 0.11% over 24 hours, while ETH stood at $2,623.66, up 0.52%. Gold was at $4,415.90 and silver at $66.79; the S&P 500 and Nasdaq 100 rose 0.17% and 0.67%, respectively, while WTI and Brent fell 2.34% and 1.54%.
1. Bitcoin's sharpest two-year rally ran on short covering
Bitcoin staged its sharpest rally in two years, driven almost entirely by short covering. Over the past 24 hours, $294 million in futures positions were liquidated across the market, dominated by shorts, and BTC pulled back to around $81,164 after topping $81,000.
Assets to watch: BTC
2. CLARITY Act folds, handing crypto oversight back to SEC and CFTC
The CLARITY Act, a crypto market-structure bill, failed to pass, returning authority over crypto-asset regulation to the SEC and CFTC. The market is watching what framework will replace the bill's proposed division of oversight.
Assets to watch: BTC, ETH
3. U.S. stocks swung last week on rate and AI-safety jitters
U.S. stocks swung last week amid higher-rate expectations and AI-safety concerns. The S&P 500 closed at 7,650.50 and the Nasdaq 100 at 29,644.17.
Assets to watch: SPX500, NAS100
4. Bastion wins conditional OCC approval for national trust bank
Stablecoin firm Bastion Platforms received conditional OCC approval for a national trust bank charter, enabling stablecoin custody, wallets, payment infrastructure and white-label issuance under a single federally regulated entity.
5. Solana upgrade cuts block times by 17%
Solana shipped its latest speed upgrade, cutting block times by 17%.
Assets to watch: SOL
6. XRP Ledger readies Batch V1.1 payments upgrade
Ripple said asset managers are preparing for the XRP Ledger's Batch V1.1 payments upgrade.
Assets to watch: XRP
7. Kalshi and Coinbase file for U.S. stock perpetual futures
Prediction-market firm Kalshi joined Coinbase in filing for U.S. stock perpetual futures.
Assets to watch: COIN
8. REX launches 2x leveraged ETF tied to bitcoin treasury firm Strive
REX launched a 2x leveraged ETF tied to Strive, a bitcoin treasury company.
Assets to watch: BTC
9. Grayscale's Zcash ETF splits shares after $233M inflow
Grayscale's Zcash ETF announced a three-for-one share split after pulling in more than $233 million in under a month.
Assets to watch: ZEC
10. Circle's Arc chain launches x402 proxy payments
Circle's Arc chain rolled out proxy payments with a custodial on-ramp for x402.
Assets to watch: CRCL
11. Zama expands to 16 confidential yield vaults
Privacy protocol Zama expanded to 16 confidential yield vaults and launched a private swap protocol, Zama Swap, on Ethereum. Zama had earlier enabled confidential USDT transactions via cUSDT.
Assets to watch: ZAMA
Market snapshot
BTC: $81,164 (24h -0.11%) | ETH: $2,623.66 (24h +0.52%)
Gold: $4,415.90* | Silver: $66.79*
WTI: $99.53 (-2.34%)* | Brent: $103.21 (-1.54%)*
S&P 500: 7,650.50 (+0.17%)* | Nasdaq 100: 29,644.17 (+0.67%)*
(* Weekend, TradFi at Friday close)
1. Bitcoin's sharpest two-year rally ran on short covering
Bitcoin staged its sharpest rally in two years, driven almost entirely by short covering. Over the past 24 hours, $294 million in futures positions were liquidated across the market, dominated by shorts, and BTC pulled back to around $81,164 after topping $81,000.
Assets to watch: BTC
2. CLARITY Act folds, handing crypto oversight back to SEC and CFTC
The CLARITY Act, a crypto market-structure bill, failed to pass, returning authority over crypto-asset regulation to the SEC and CFTC. The market is watching what framework will replace the bill's proposed division of oversight.
Assets to watch: BTC, ETH
3. U.S. stocks swung last week on rate and AI-safety jitters
U.S. stocks swung last week amid higher-rate expectations and AI-safety concerns. The S&P 500 closed at 7,650.50 and the Nasdaq 100 at 29,644.17.
Assets to watch: SPX500, NAS100
4. Bastion wins conditional OCC approval for national trust bank
Stablecoin firm Bastion Platforms received conditional OCC approval for a national trust bank charter, enabling stablecoin custody, wallets, payment infrastructure and white-label issuance under a single federally regulated entity.
5. Solana upgrade cuts block times by 17%
Solana shipped its latest speed upgrade, cutting block times by 17%.
Assets to watch: SOL
6. XRP Ledger readies Batch V1.1 payments upgrade
Ripple said asset managers are preparing for the XRP Ledger's Batch V1.1 payments upgrade.
Assets to watch: XRP
7. Kalshi and Coinbase file for U.S. stock perpetual futures
Prediction-market firm Kalshi joined Coinbase in filing for U.S. stock perpetual futures.
Assets to watch: COIN
8. REX launches 2x leveraged ETF tied to bitcoin treasury firm Strive
REX launched a 2x leveraged ETF tied to Strive, a bitcoin treasury company.
Assets to watch: BTC
9. Grayscale's Zcash ETF splits shares after $233M inflow
Grayscale's Zcash ETF announced a three-for-one share split after pulling in more than $233 million in under a month.
Assets to watch: ZEC
10. Circle's Arc chain launches x402 proxy payments
Circle's Arc chain rolled out proxy payments with a custodial on-ramp for x402.
Assets to watch: CRCL
11. Zama expands to 16 confidential yield vaults
Privacy protocol Zama expanded to 16 confidential yield vaults and launched a private swap protocol, Zama Swap, on Ethereum. Zama had earlier enabled confidential USDT transactions via cUSDT.
Assets to watch: ZAMA
Market snapshot
BTC: $81,164 (24h -0.11%) | ETH: $2,623.66 (24h +0.52%)
Gold: $4,415.90* | Silver: $66.79*
WTI: $99.53 (-2.34%)* | Brent: $103.21 (-1.54%)*
S&P 500: 7,650.50 (+0.17%)* | Nasdaq 100: 29,644.17 (+0.67%)*
(* Weekend, TradFi at Friday close)