Missed today's headlines? Here are the top 10: Pumpfun mobile app pulled from the U.S. and India iOS App Stores; Kalshi seeks approval for regulated single-stock perpetuals...
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Headlines cluster around crypto market structure and payments rails: updated U.S. CLARITY Act language adds DeFi requirements, while Coinbase partnerships aim to expand stablecoin access across community banks; MoneyGram launches a stablecoin-backed Visa card on Stellar. Separately, Kalshi's push for regulated single-stock perpetuals and a coming U.S. bank sanction add macro/regulatory uncertainty. Overall, policy and adoption signals dominate near-term risk appetite.
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Need a quick catch-up? Here are today's top 10 headlines:
1) The lead behind the Pumpfun Mobile App says the app has been temporarily removed from the U.S. and India iOS App Stores, and is expected to return soon.
2) Kalshi plans to seek regulatory approval to launch what would be the first regulated U.S. perpetual futures tied to single stocks such as Tesla, Apple, and Nvidia, The Wall Street Journal reports.
3) Sam Bankman-Fried has asked the U.S. Supreme Court to overturn his 2023 fraud conviction and 25-year prison sentence.
4) President Trump says he does not believe congressional approval is required to issue $5,000 payments to every American adult.
5) U.S. Treasury Secretary Scott Bessent says the U.S. will sanction a major bank on Monday.
6) An updated CLARITY Act text has been released ahead of next week's Senate floor vote, adding new DeFi requirements and a credit union-related fix.
7) Coinbase CEO Brian Armstrong says Bitcoin has likely bottomed and expects it to trend higher over the next two years.
8) MoneyGram has launched a stablecoin-backed Visa card on Stellar, with initial availability in Colombia.
9) Nasdaq and European crypto industry groups are urging EU lawmakers to remove the €100B cap on tokenized securities platforms.
10) Coinbase and Moov are bringing stablecoin services to more than 1,000 U.S. community banks.