White House Targets July 4 for Clarity Act Passage

U.S. Senator Elizabeth Warren has urged the Treasury Department and the Federal Reserve to avoid using taxpayer dollars to support Bitcoin or rescue cryptocurrency firms during market downturns. Warren expressed concerns about potential government intervention benefiting wealthy investors and industry insiders, emphasizing the risks embedded in the crypto market.

Robinhood's testnet chain, focusing on tokenization and trading, has seen four million transactions in its first week. The platform's CEO, Vlad Tenev, mentioned that developers are already building on their L2 for tokenized real-world assets and financial services.

A former fund manager who embezzled $40 million in Bitcoin from Georgia's ex-prime minister was initially sentenced to 11 years in prison but later released after a plea deal. The manager admitted guilt, cooperated with the investigation, and paid compensation for damages.

Mike McGlone revised his Bitcoin forecast from $10,000 to $28,000 after social media backlash and a challenge from market analyst Jason Fernandes. Despite criticism, Fernandes maintains his stance on the potential impact of alarmist predictions in the crypto market.

The United Arab Emirates has accumulated around $344 million in unrealized profit from Bitcoin mining, with wallets holding 6,782 BTC valued at $450 million. The country's mining infrastructure remains active, producing approximately 4.2 BTC daily over the past week, showcasing a strategic digital reserve approach.

Bitcoin's 14-day Relative Strength Index (RSI) recently dropped below 30, indicating oversold conditions and potential for a market rebound based on historical patterns. The RSI measures an asset's momentum by comparing recent price movements over a 14-day period.

SG-FORGE has introduced its euro stablecoin, EUR CoinVertible, on the XRP Ledger, joining Ethereum and Solana. The stablecoin is regulated under French digital asset rules, backed by cash deposits or securities, with a circulating supply of 65.8 million euros.

Tom Matthews, head of physical security at Asymmetric Security, advises crypto investors to focus on simple yet effective self-defense techniques like striking vulnerable areas. He warns of increasing physical attacks on crypto entrepreneurs and suggests being vigilant and varying routines for safety.

Prediction market Polymarket has announced a partnership with Substack to enable authors on the platform to seamlessly integrate market data into articles and newsletters.

Coinbase CEO Brian Armstrong called quantum computing a "solvable issue" for crypto, emphasizing ongoing collaboration with major networks to address the issue. Armstrong highlighted the formation of a quantum advisory council and regular communication with blockchain platforms for a smooth transition to post-quantum cryptography.