White House Targets July 4 for Clarity Act Passage

U.S. CFTC Chairman Michael Selig responded to states challenging the regulator's authority over prediction markets in an op-ed. The legal tension has led to calls for clarity, with the SEC also hinting at jurisdiction. Selig emphasized the importance of the CFTC's role in regulating commodity derivatives.

Nakamoto Inc. has announced plans to acquire BTC Inc and UTXO Management GP, LLC in a merger transaction financed with Nakamoto common stock. The acquisition aims to strengthen Nakamoto's position as a diversified Bitcoin operating company with global capabilities.

Harvard recently disclosed selling Bitcoin and purchasing Ethereum, indicating a shift in their crypto holdings. The move reflects a strategic decision to diversify their portfolio and capitalize on the potential growth of Ethereum in the market.

A 39-year-old farm owner in Russia's Komi Republic was arrested for stealing $80,000 worth of power to run 80 ASIC Bitcoin miners. He used illegal connections to link devices to the power grid, authorities said, bypassing meters and failing to register his activities.

BIP-110, a Bitcoin Improvement Proposal, aims to reduce blockchain spam but faces criticism for potentially harming the network's reputation. Industry leaders like Blockstream's CEO argue that the proposal could damage Bitcoin's credibility as a reliable store of value.

Steak ’n Shake's acceptance of Bitcoin nine months ago has significantly boosted its same-store sales, leading to the creation of a Strategic Bitcoin Reserve for employee bonuses. The company's CEO highlighted the importance of integrating Bitcoin as a digital asset treasury model.

Kraken plans to sponsor Trump Accounts for children born in Wyoming in 2026, providing $1,000 from the U.S. Treasury until 2028. The move is seen as a loyalty signal to the state, with potential additional contributions from families and entities.

Bitcoin's long-term holders are facing pressure after a recent sell-off, with signs of a weaker accumulation trend that could lead to a deeper correction. The 7-day moving average of the Long-Term Holder Spent Output Profit Ratio fell below 1, indicating veteran investors are realizing losses.

Maya, a Philippine digital bank with a regulated crypto trading arm, is considering a U.S. IPO of up to $1 billion. The company, operating under a digital banking license, offers various financial services including in-app cryptocurrency trading.

Nexo, after a $45 million settlement with the SEC in 2023, is relaunching its services in the U.S. through partnerships with licensed service providers. The company ceased its Earn Interest Product and is now offering compliant cryptocurrency trading, credit lines, and yield accrual.