The Genius Act is a US law aimed at establishing federal oversight for stablecoin issuers, setting rules for reserves, redemption rights, and licensing requirements. The GENIUS Act is a United States federal law that creates a comprehensive regulatory framework for stablecoins. The Guiding and Empowering Nation’s Innovation for US Stablecoins Act, better known as the GENIUS Act, is the United States’ first federal law focused exclusively on payment stablecoins. The White House categorically states it is a historic piece of legislation that will pave the way for the US to lead the global digital asset revolution. Read more
DeFi’s obsession with maximum decentralization sacrifices performance. Minimum viable decentralization offers a pragmatic path to compete with TradFi. Opinion by: Doug Colkitt, a founding contributor at Fogo To adhere to its ethos of decentralization above all else, the crypto industry often forgets its core user: the trader. What exists today is an ecosystem that has prioritized philosophical principles instead of practical use cases — something that has simultaneously barred the most serious traders from participating and driven decentralized finance (DeFi) users to more centralized offerings. If DeFi is set to scale beyond speculation alone — and offer a meaningful alternative to TradFi — then the core focus must be performance. Read more
Gaming tokens lag altcoins, but history hints at big surge. SaruTobi Bitcoin game returns to App Store a decade after 2015 ban. Web3 Gamer. The crypto market is printing green candles across the board, with 80% of altcoins outperforming Bitcoin this month but gaming tokens seem to have missed the memo. While the broader market is soaring alongside Bitcoin and Ethereums recent rally, gaming-related tokens are showing signs of life, but still lagging. According to MMORPG game Calamity co-founder Seva, its a credibility problem. Trust is broken. Too many raised millions, delivered zero, Seva said of blockchain games in a recent X post. Read more
Bitcoin price consolidation after a powerful rally to record highs is normal. Will the current bull pennant confirm and send BTC beyond $136,000? Key takeaways: A Bitcoin price pullback to $115,000 is possible before continuing the uptrend. A bull pennant suggests that the BTC price could rally by 15% to new highs above $136,000. Read more
Fewer than 1 million people on Earth hold a full Bitcoin. That’s less than 0.02% of the global population and even fewer in crypto. If you own at least 1 Bitcoin, get ready for your ego to be tickled. According to blockchain data, around 827,000-900,000 addresses currently hold at least 1 Bitcoin (BTC). But many of these wallets are controlled by exchanges, institutions or individuals who split holdings across multiple addresses. The real number of unique people who own 1 Bitcoin is likely closer to 800,000-850,000. Read more
PancakeSwap Infinity, the latest version of the DEX, has launched on Coinbase’s Base network as its TVL and DEX activity hit all-time highs. PancakeSwap Infinity, the fourth version of the PancakeSwap decentralized exchange (DEX), has made it to Coinbase’s Ethereum layer-2 network, Base. According to a Tuesday announcement shared with Cointelegraph, PancakeSwap Infinity is now live on Base. The announcement follows the launch of PancakeSwap Infinity on BNB Chain at the end of April. The announcement comes as Base’s total value locked (TVL) reached a new high of $4.295 billion, according to DefiLlama data. This represents a 33.75% increase from its TVL of $3.211 billion reported on Jan. 1. Read more
Telegram rolls out TON Wallet to US users, enabling self-custodial crypto transactions, DeFi access and off-ramp features within the app. Telegram began rolling out its native cryptocurrency wallet to users in the US, marking a significant expansion of its blockchain-based services. Built on The Open Network (TON) blockchain, TON Wallet is the first self-custodial crypto wallet to be integrated into a major social platform available to US users, according to a Tuesday news release shared with Cointelegraph. Supported by the TON Foundation, the wallet allows users to send, receive and store digital assets directly within the Telegram app, eliminating the need for external downloads or browser extensions, according to the announcement. Read more
SharpLink bought 79,949 ETH — its largest such purchase — to reclaim its status as the world’s largest public ETH holder. Sports betting platform SharpLink Gaming kept accumulating Ether (ETH) after briefly slipping to the second-largest public ETH holder behind BitMine Immersion Technologies. SharpLink acquired a record-breaking amount of Ether for the company in the past week ending Sunday, reporting a purchase of 79,949 ETH on Tuesday. The acquisition was completed at an average ETH purchase price of $3,238, totaling about $258.9 million. Read more
Western Union is exploring stablecoin integration for cross-border transfers, conversions and digital wallets, positioning it as an innovation opportunity. Western Union is exploring ways to integrate stablecoins into its services as the firm seeks to modernize cross-border payments. During a Monday interview with Bloomberg, Western Union CEO Devin McGranahan said that the company views stablecoins as an opportunity. He also said it is exploring partnerships with major crypto industry players to offer stablecoin on-ramp and off-ramp services, as well as a digital wallet. “We see stablecoin really as an opportunity, not as a threat. […] We’re 175 years old, and we’ve been innovative across [those] 175 years. And stablecoin is just yet one more opportunity to innovate,” McGranahan said. Read more