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The CEO of financial services titan JPMorgan Chase says banks will fight back against the CLARITY Act, the landmark crypto bill that seeks to establish a regulatory framework for cryptocurrencies and digital assets in the US. In a new interview, Jamie Dimon takes aim at the proposed legislation saying that it lacks adequate guardrails to protect investors. He says the bill also fails to address the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) law that aims to combat illicit financial transactions. “It allows them to effectively pay interest on deposits—stablecoins or something like that—without the protection that they should have and it…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin traders are watching $60,000 after US-listed funds tied to the coin shed $519 million in a single day, extending a run of withdrawals that has shaken the market. The cryptocurrency dipped 4.5% on Wednesday to an intraday low of $65,700 before recovering to around $67,100. US Spot Bitcoin Funds Under Pressure The slide added to a weak stretch that began when bitcoin fell below $73,000 earlier this week. That move came after new US attacks on Iranian targets knocked away a brief sense of calm that…
In brief A wallet linked to a Casascius Physical Bitcoin transacted for the first time since it was created in 2011. The wallet held 25 Bitcoin, redeemable via the private key embedded in a physical coin. Casascius coins were created from 2011-2013 and hold Bitcoin values ranging between 0.1-1,000 BTC. A 15-year-old treasure was awoken when a physical coin embedded with the private key to a Bitcoin wallet was activated on-chain Tuesday, giving the coin’s owner access to about $1.78 million in Bitcoin.The collectible, a part of the Casascius Physical Bitcoins, contained a private key to access a wallet holding…
In brief Nous Research launched Hermes Desktop on June 2 as a native public preview app for macOS, Windows, and Linux Before this release, all existing graphical interfaces for Hermes were third-party builds created by the community. The app ships as version v0.15.2 under the MIT license, meaning it’s free to download, free to use, and open to anyone who wants to inspect or modify it. Nous Research shipped Hermes Desktop yesterday as a public preview, and now the self-improving agent that the AI community has been obsessing over has an official front door. No terminal or config files. Just…
Bitcoin price has tumbled to its lowest level in months Wednesday night, crashing below $62,000 and wiping out a sharp intraday loss of more than $5,300 — a decline of nearly 8% in 24 hours — as a perfect storm of institutional exodus, leverage liquidations, geopolitical fear, and a symbolic but jarring sale by Michael Saylor’s Strategy converged to shatter market confidence. At approximately 10:00 PM EDT, Bitcoin price was changing hands at $61,463.22, down from a 24-hour high of $67,416.50 and dangerously close to the psychologically critical $60,000 floor. The selloff erased weeks of tentative recovery and put the…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Dogecoin has returned to a major long-term level on the monthly chart, setting up another important test for the meme coin after months of weak price action. The setup was initially noted by crypto analyst Trader Tardigrade on X, who argued that DOGE is now sitting at a critical resistance zone where previous rallies have failed. Dogecoin has visited this price zone only twice in the past decade, and each visit ended the same way. The Pattern That Has Defined DOGE Since 2015 Trader Tardigrade’s long-term Dogecoin…
In brief A new USC study found that every tested frontier AI model violated social-interaction safety guidelines more than 27% of the time. Researchers identified recurring problems, including flattery, emotional attachment, relationship replacement, and failure to disclose AI identity. The authors argue that AI safety evaluations should measure social behavior alongside reasoning ability and traditional safety metrics. As people increasingly turn to AI chatbots for advice, companionship, and emotional support, a new study suggests that even the most advanced models still struggle to maintain healthy boundaries with users.The study by researchers at the University of Southern California introduced EUDAIMONIA, a…
June 3, 2026 – Dubai, United Arab Emirates Backed by Finvasia Group, Blockmaze bridges TradFi (traditional finance) and blockchain through compliance-first infrastructure designed to bring trust, transparency and legal recognition to tokenized assets. Blockmaze, the largest regulated ecosystem for tokenized assets backed by Finvasia Group, is setting new standards by building the most compliant infrastructure to bridge TradFi markets and blockchain technology in a way that has never been done before. Built to solve one of the biggest challenges in tokenization – trust and legal ownership, Blockmaze connects digital assets with real-world regulatory frameworks through its presence across more than…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A crypto market expert has shared reasons why believes that despite the ongoing bearishness in the market right now, Ethereum (ETH) is still a better investment than Solana (SOL). Over the past few months, Ethereum has been in a slump, with its price falling below key support levels and underperforming the broader market. Meanwhile, Solana has seen its fair share of declines, plummeting by over 10% this past week. Despite the weakness across both assets, the analyst still picks Ethereum over Solana, citing ETH’s bullish drivers beyond…
In brief Law professors preferred AI-generated contract law answers over those written by fellow professors about 75% of the time. AI responses were flagged as harmful less often than professor-written responses. Researchers said the results show that large language models can align with professional standards. Law professors preferred answers generated by artificial intelligence over answers written by fellow professors, according to a recent study led by Stanford University that examined how large language models perform on legal reasoning tasks.In the study, 16 professors from 14 U.S. law schools—including Stanford, Yale, New York University, the University of Chicago, Georgetown, UCLA, and…
For traditional US banks, the CLARITY Act was intended as a firewall that effectively barred crypto companies from offering “passive” interest on stablecoins.The legislation aimed to prevent a catastrophic deposit flight in which everyday checking account balances drain from the banking system into high-yield crypto exchanges.But as lawmakers prepare to finalize the framework, Coinbase appears to be quietly structuring a loophole that relies on complex financial engineering to keep the lucrative yield flowing.The key lies in a critical semantic distinction within Section 404 of the proposed legislation. While the CLARITY Act explicitly outlaws savings-account-style interest on stablecoins, it preserves “activity-based”…
In brief The price of Cardano (ADA) fell to a more than five-year low on Wednesday as Bitcoin and other top coins sank. Founder Charles Hoskinson warned that the ecosystem is in trouble amid declining market conditions. Cardano analytics firm TapTools is shutting down. Hoskinson said community investment is necessary to avoid further failures. Following the sunsetting of Cardano analytics firm TapTools, network founder Charles Hoskinson warned that more firms in the ecosystem will likely shut down this year as the market squeezes Cardano (ADA) and the broader crypto ecosystem. The network’s token, ADA, is down a further 6% in the…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A crypto analyst has announced that the Solana price has just broken below a critical support level that had previously triggered an explosive bull run in the last market cycle. With SOL currently struggling below $100 and facing persistent bearish pressure, the analyst has outlined two possible scenarios that could determine the cryptocurrency’s next moves. Analyst Predicts Two Possible Scenarios For The Solana Price In a recent X post, market expert Crypto Tice said that the Solana price now has only two possible paths after slipping below…
Bitcoin price is holding a risky position near $65,000 Wednesday, down roughly 12% over the past seven days and trading at its lowest level since February as a broad rotation out of crypto into competing speculative trades chips away at the foundation of its recent bull run. The world’s largest cryptocurrency touched a bitcoin price of $65,158 earlier in the session before a partial recovery, but analysts and strategists say the weakness runs deeper than any single catalyst. The most popular explanation — that Strategy’s (MSTR) first bitcoin sale in four years triggered the slide — is being challenged by…