Author: James Wilson

A bipartisan effort to bridge the divide between Wall Street and the digital asset industry could see a breakthrough as early as this week. Summary Senator Thom Tillis plans to release a draft agreement this week aimed at resolving the dispute between banks and crypto firms over stablecoin interest payments. The proposed language for the Clarity Act seeks to settle whether digital asset companies can offer rewards on idle balances after banks voiced concerns regarding deposit drains. Politico reports that Senator Thom Tillis (R-N.C.) is preparing to unveil a draft agreement aimed at settling the fierce debate over stablecoin yields. …

Former CFTC Chairman Chris Giancarlo is leaving the legal profession to commit himself fully to the digital asset space as a strategic adviser for fintech and cryptocurrency startups. Summary Chris Giancarlo is retiring from legal practice at Willkie Farr & Gallagher to focus exclusively on advising cryptocurrency founders and fintech boards. The former regulator earned the nickname Crypto Dad during his time leading the CFTC for his early support of digital assets and his role in launching the first Bitcoin futures. The announcement came via a social media post on Sunday, where Giancarlo confirmed his departure from the law firm…

The Digital Asset Market Clarity Act is gaining fresh momentum in the U.S. Senate as negotiators work to solidify a bipartisan compromise on stablecoin regulations. Summary The White House has secured a bipartisan agreement on stablecoin yields to move the Digital Asset Market Clarity Act toward a Senate Banking Committee markup. Negotiators are finalizing additional provisions involving illicit finance rules for decentralized finance and ethics restrictions on senior government officials. Patrick Witt, the executive director of the President’s Council of Advisors for Digital Assets, told CoinDesk TV on Monday that a crucial agreement regarding stablecoin yield appears to be holding…

The crypto market rose 4.3% on Tuesday, moving above the $2.6 trillion mark after reports emerged that Iran could be considering ending the war, as the U.S. naval blockade on Iranian traffic through the Strait of Hormuz continues to apply pressure. Summary Crypto market cap jumped 4.3% above $2.6T as easing U.S.-Iran tensions boosted risk appetite. Bitcoin hit a 4-week high near $74.8K while $430M in short liquidations accelerated the rally. Cooling U.S. inflation data strengthened rate cut hopes, further supporting crypto prices. Bitcoin (BTC) price rallied nearly 6% to a 4-week high of $74,788 today before paring off some…

Victims of the multi-billion-dollar OneCoin fraud can now apply for reimbursement through a federal compensation program funded by seized assets. Summary The Justice Department has opened a reimbursement program using $40 million in seized assets to compensate investors who lost money in the OneCoin Ponzi scheme. Federal prosecutors estimate that the fraudulent cryptocurrency project stole at least $4 billion from millions of victims before its collapse and the subsequent sentencing of co-founder Karl Sebastian Greenwood. The U.S. Department of Justice announced Monday that over $40 million in forfeited funds has been set aside for investors who suffered net losses from…

The American Bankers Association has warned that allowing stablecoins to offer interest could trigger a massive exodus of deposits from the traditional banking system. Summary American Bankers Association said the White House study missed the key issue, warning that allowing stablecoin yields could trigger deposit outflows from smaller banks. Researchers noted that funds could move from community banks to larger institutions, raising funding costs and reducing local lending capacity. Industry discussions continue around a Senate bill on crypto oversight, with stablecoin yield restrictions emerging as a key point of debate. The American Bankers Association (ABA) issued this warning on Monday,…

U.S. President Donald Trump has warned that Iran will no longer be allowed to “extort the world” as a naval blockade of the country’s ports officially commenced on Monday evening. Summary The U.S. military initiated a full naval blockade of all Iranian ports Monday evening following a deadline set by the White House. President Trump warned that any Iranian vessels attempting to breach the blockade will be destroyed to prevent Tehran from further extorting the global community. Commercial ships are still permitted to transit the Strait of Hormuz, provided they are not traveling to or from Iranian coastal destinations. We…

South Korean financial regulators have issued a multi-billion won fine and a three-month business suspension against Coinone following a probe into systemic anti-money laundering failures. Summary Coinone is set to pay a 5.2 billion won fine and undergo a three-month partial suspension for failing to verify roughly 70,000 user identities. The Financial Intelligence Unit linked the exchange to over 10,000 unauthorized transactions with unregistered foreign platforms despite receiving multiple official warnings. The Korea Times, Chosun, and Yonhap News reported on Monday that the Financial Intelligence Unit (FIU) discovered roughly 70,000 instances where the exchange failed to verify user identities.  Investigators…

Ethereum is trading at $2,255.04 in April 2026, up 7.09% on the monthly chart, after the $2,017.09 monthly low tested and held the ascending support trendline connecting Ethereum’s major lows since 2019. The monthly MACD histogram has turned positive at 129.89, marking the first constructive macro momentum signal since the late 2025 decline from the $4,800 peak. Summary Ethereum price is at $2,255.04 in April 2026, up 7.09% on the monthly chart, after the $2,017.09 monthly low tested the ascending support trendline visible on the OKX monthly chart since 2019. The monthly MACD (12,26,9) histogram reads a positive 129.89, with…

Hyperliquid is trading at $43.60 on April 13, up 2.76% on the 4H session, after printing a high of $46.22 that marks the upper boundary of an ascending channel built from the December 2025 lows near $22. The 4H MACD histogram has compressed to just 0.03, raising the question of whether momentum can sustain a breakout above channel resistance or whether a pullback toward mid-channel support is the more likely outcome. Summary Hyperliquid price is trading at $43.60 on April 13, up 2.76%, after a session high of $46.22 aligning precisely with the upper boundary of a 4H ascending channel…