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CRYPTO NEWS ARCHIVE

Permanently retained stories with extracted source text and completed, source-grounded AI summaries.

  9. ALLCoinDesk

    Two Robinhood engineers charged with insider trading using Hyperliquid perpetuals

    Two Robinhood engineers, Hefu Chai and Huaisong Xiang, have been charged with commodities and wire fraud for allegedly using confidential information about planned crypto listings to trade perpetual futures on Hyperliquid, earning over $50,000 each between 2025 and 2026, according to U.S. authorities. Prosecutors allege that Chai traded before at least 10 Robinhood listings and Xiang before at least 11, exploiting access to a private Slack channel designated "Coin Aware Individuals" and violating Robinhood's policy prohibiting trading on tokens before and shortly after public announcements. The charges indicate that trading derivatives on decentralized platforms remains subject to federal fraud laws, and each engineer could face up to 10 years in prison if convicted. Robinhood stated that they take market integrity seriously, investigated the matter immediately, and are cooperating with law enforcement and regulators.

  12. BITCOINCoinDesk

    Fed meeting is shaping up to be a nightmare for Warsh. Bitcoin might still shine

    Ahead of the Federal Reserve's rate decision, bitcoin fell nearly 3% to $75,800, with broader digital assets also experiencing declines. Markets have mostly priced in a quarter-point rate hike, and further tightening is expected this year, potentially leading to a disappointing message from Fed Chair Kevin Warsh, as some analysts predict he may struggle to meet market expectations. A less hawkish tone could weaken the dollar and raise long-term Treasury yields, which might benefit bitcoin and gold, despite rising yields typically being negative for non-yielding assets. The underlying driver of yield increases, influenced by inflation concerns rather than strong economic growth, suggests that bitcoin and gold could still see support after an initial sell-off. Overall, the market's response to the Fed meeting will be crucial in shaping the near-term trajectory for these assets.

  16. BITCOINCoinDesk

    Crypto longs worth $570 million wiped out as Clarity Act fails

    CoinDesk reports that about $571 million in crypto futures long positions were liquidated after the Clarity Act failed to clear the Senate’s 60-vote procedural hurdle, marking the highest liquidation since August 22. Bitcoin and ether longs experienced the largest losses, with approximately $190 million each liquidated, as markets reversed a rally that had pushed bitcoin near $80,000. The market's anticipation of bill approval, boosted earlier by reports of potential concessions from President Trump, contributed to the rally, but this momentum was halted as reports confirmed Democrats maintained opposition. Despite the setback, regulatory action may still proceed through the CFTC and SEC, now primarily moving forward via the executive branch and independent agencies. Currently, bitcoin remains within its recent trading range at around $75,700.

  18. BITCOINCoinDesk

    XRP sinks 10% as the Clarity Act fails and bitcoin slides toward $76,000

    XRP dropped nearly 10% to $1.30 after the Senate failed to advance the Clarity Act in a 49-50 vote, which was blocked due to disputes over ethics safeguards and regulatory provisions (CoinDesk). The bill's failure also impacted crypto stocks, with Coinbase falling nearly 9% and Circle dropping over 9%, while Bitcoin slipped nearly 3% to just above $76,000 (CoinDesk). Other cryptocurrencies like Ether, Solana, and Dogecoin experienced declines of about 5%, 5%, and 5%, respectively. The vote's outcome shifted attention toward regulatory actions by the SEC and the Federal Reserve's interest rate decision.

  20. ALLCoinDesk

    Inside the last-minute political breakdown that doomed the Clarity Act vote

    The U.S. Senate's vote on the Clarity Act resulted in a defeat with only 49 supporting votes, falling short of the 60 needed to advance the legislation, according to CoinDesk. Both Republicans and Democrats accused each other of obstructing the bill, with Democrats citing Republican-led shutdowns of bipartisan negotiations and Republicans objecting to aspects like stablecoin rewards and ethics provisions. Senator Cynthia Lummis criticized Democrats for not taking the bill seriously, while Senate Minority Leader Chuck Schumer stated that Republican leadership ended negotiations prematurely. Despite this setback, the House remains committed to pursuing action through regulators and legislative efforts in the future.

  23. ALLCoinDesk

    Crypto industry reacts after Clarity Act fails Senate vote

    The Senate's failure to advance the Clarity Act, as reported by CoinDesk, represents a setback for the crypto industry's efforts to establish a durable statutory framework, relying instead on agency rules that could be reversed by future administrations. Industry leaders indicated that this vote does not halt ongoing regulatory work at the SEC and CFTC or the broader adoption of digital-asset infrastructure by banks and asset managers, but it leaves questions of legal durability unresolved. Some commentators noted that this uncertainty might encourage firms to consider jurisdictions like the European Union, which has established clearer regulations such as MiCA. Experts emphasized that ongoing regulatory activity and market development continue regardless of the vote, and that broader investment and innovation could shift outside the U.S. without statutory clarity.