49m ago
GENIUS Act Stablecoin Framework Sets June 9 and July 18, 2026 Compliance Milestones
The U.S. GENIUS Act, enacted on July 18, 2025, establishes federal requirements for payment stablecoins and sets two key dates: June 9, 2026 for public comments on the joint FinCEN-OFAC AML proposal, and July 18, 2026 when implementing rules fully take effect. It limits issuance to licensed entities with reserves held only in cash, insured deposits, and short-dated U.S. Treasuries, while banning issuer-paid interest to holders. The law's rollout matters globally as stablecoins exceed $240 billion in supply, with USDT and USDC dominating market share.
USDC
USDC+0.00%
49m ago
1h ago
Sen. Cynthia Lummis Says CLARITY Act Delay Could Stall US Crypto Law Until 2030
On June 7, 2026, Senator Cynthia Lummis said that if Congress fails to pass the CLARITY Act this year, the US could remain without comprehensive crypto legislation until 2030. The bill would set clearer SEC–CFTC oversight lines and add decentralization criteria for when certain networks can shift away from securities treatment. Analysts and industry figures say continued delays could keep institutions cautious and push activity toward jurisdictions with more defined rules.
USDC
USDC+0.00%
1h ago
1h ago
Bitcoin's 30-day transaction average nears 660,000 peak as BTC revisits $60k
Bitcoin revisited the February low near $60k after sliding for three weeks, alongside signs of capital outflows and a shift in risk appetite. Transaction activity rose, with the 30-day moving average near 640,000 versus a prior 660,000 peak during the September 2024 correction, while miners' margins and hashrate weakened. Analysts also flagged elevated exchange inflows of 10k-12k BTC per day as a sign of ongoing sell pressure and a potential move toward $51k if capitulation persists.
BTC
BTC+2.13%
1h ago
2h ago
Hut 8 Prices $4.25B 6.129% Notes for 352MW Beacon Point AI Campus in Texas
Hut 8 priced $4.25 billion of 6.129% senior secured notes due 2042 to finance its Beacon Point AI data center development in Nueces County, Texas. The planned campus is designed for 352MW of critical IT capacity across six data halls, and Hut 8 said it will be leased to a tenant rated AA- or higher. The offering is set to close on June 9, 2026, with interest beginning Nov. 30, 2026 and amortization starting May 30, 2030.
BTC
BTC+2.13%
2h ago
2h ago
Bhutan's DHI Sold Over $200M in Bitcoin in 2026 as Mining Economics Tighten
Bhutan's sovereign investment arm Druk Holding and Investments (DHI) has sold more than $200 million worth of Bitcoin in 2026, shifting from building reserves to managing liquidity for infrastructure funding. Blockchain-based estimates indicate the country started the year with about 13,000 BTC and may now hold roughly 2,400–4,400 BTC after multiple transfers and sales. Analysts described the move as a staged program executed in smaller tranches rather than an attempt to time the market.
BTC
BTC+2.13%
2h ago