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Coinbase, Ripple, and over 200 other institutions jointly urge the U.S. Senate to push for a vote on the "Clarity Act."

1 hours ago

June 8 — More than 200 digital asset firms, industry trade groups, and grassroots organizations—including Coinbase, Ripple, Kraken, Andreessen Horowitz (a16z), Circle, and Binance US—have sent a joint letter to US Senate Majority Leader John Thune and Minority Leader Chuck Schumer, urging quick advancement of the “Clarity Act” to a full Senate vote. The push is led by Stand With Crypto in partnership with the Blockchain Association, Crypto Council for Innovation, and The Digital Chamber. Stand With Crypto says it has mobilized nearly 3 million supporters across all 50 US states to back the bill. The coalition argues the Clarity Act would establish a comprehensive federal regulatory framework for the digital asset market, clarify regulators’ roles, provide feasible registration paths, protect software developers, and draw more crypto activity back to US markets. The joint letter adds the legislation would keep innovation, jobs, investment, and market activity in the US while solidifying America’s global leadership in digital asset innovation. Last month, the US Senate Banking Committee passed the bill on a bipartisan basis. Key sponsor Senator Cynthia Lummis noted the bill has cleared committee review and is now heading to the Senate floor for a full vote, stating: “We will not give up when we are just 5 yards away from the finish line.” That said, reports suggest ethical concerns over the Trump family’s ties to the cryptocurrency industry could still be a major obstacle to the bill’s progress.
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Trump denies ever promising to avoid war, CNN fact-check reveals his claim does not align with campaign rhetoric

June 8 — Per CNN, during an appearance on NBC’s *Meet the Press*, former President Donald Trump claimed he “never made any commitments” to avoiding new wars, insisting: “I have not made any commitments.” But CNN’s fact-check team called that a contradiction of the public record, noting Trump repeatedly vowed during his 2024 presidential run that the U.S. would not get dragged into any new conflicts if he won a second term. CNN’s report highlights several instances where Trump laid out those pledges: At a Pennsylvania rally in August 2024, he declared, “Under Trump, we will no longer have war, no longer have turmoil, we will have prosperity and peace.” He told internet personality Adin Ross in an interview that same period, “We will no longer have war.” He also echoed the exact line — “there will be no more war” — at campaign stops in North Carolina and Wisconsin. In his 2024 victory speech, Trump doubled down on the promise, pushing back against critics who warned he would spark new

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Bitcoin Weekly Chart Shows Rare Bullish Divergence, Analysts Eyeing $90,000 Target

June 8 — Bitcoin is flashing only its second bullish divergence signal ever on the weekly chart, stoking trader expectations for a major new price surge. Analysts are leaning on historical precedent here: the last identical signal popped right after the 2022 FTX collapse, when Bitcoin rallied from ~$15,500 to roughly $126,200 — a more than 700% gain — leading many to bet BTC could challenge the $90,000 resistance mark this time around. Technical data backs this up: Bitcoin’s weekly RSI (Relative Strength Index) has bounced back above 34 after dipping into oversold territory, even as the crypto’s price has fallen from $75,800 to sit around $63,000. While BTC has recently notched lower price lows, its momentum indicator has formed higher swing lows — a classic bullish divergence that signals selling pressure is fading fast. From a technical standpoint, Bitcoin’s first key target is its 50-week moving average, currently clocking in at around $91,800. Right now, BTC is trading near its 2

14 minutes ago

EDGE Markets has completed a $29.2 million Series A funding round, led by CoinFund

On June 8, prediction market infrastructure firm EDGE Markets announced it has closed a $29.2 million Series A funding round. CoinFund led the round, with participation from Indicator Ventures, Mantis VC, Stepstone Group, and Bullpen Capital. The new capital will go toward launching two core products: EDGE Pro, a banking platform for prediction market makers, and EDGE Connect, a payment network designed for entertainment and prediction markets. EDGE Pro will give market makers high-throughput deposit accounts, enabling real-time fund transfers and settlements across U.S. platforms regulated by the Commodity Futures Trading Commission (CFTC). The company is also applying for Introducing Broker (IB) and Futures Commission Merchant (FCM) licenses from the National Futures Association (NFA) to boost capital efficiency and support margin management. EDGE Connect, meanwhile, is a dedicated payment network for the prediction market space. It offers 24/7 real-time payments (RTP) and u

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Felix will shut down the DEX on June 19, becoming the first deployer of HIP-3 to formally close.

On June 8, decentralized derivatives platform Felix announced that due to the suspension of stablecoin USDH, the Felix DEX (built on HIP-3) and all active trading markets will begin gradual winding down starting June 19, with full liquidation wrapping up by June 20. The platform is reminding traders to close their positions ahead of time, noting each market will settle sequentially with a one-hour gap between adjacent markets. Community member Shaunda Devens commented that Felix is the first official HIP-3 deployer to shut down, and this may only be the beginning. Devens stated that except for TradeXYZ, the rewards other deployers earn via HYPE staking and auctions are not competitive. Hyperliquid community member aaalex.hl pushed back, arguing Felix’s shutdown appears to be mainly tied to USDH’s suspension rather than market share pressure from TradeXYZ. In response, Devens agreed USDH is one of the factors, but added Felix opted to shut down its DEX entirely instead of remaining a

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Fitch Ratings has upgraded its global oil and gas sector outlook to "Positive," expecting the Brent oil price to remain between $100-110 in the short term.

On June 8, Fitch Ratings upgraded its outlook for the global oil and gas sector from its prior rating to “Improving,” pointing to the recent uptick in oil prices as a lift to the industry’s profit prospects. The rating agency expects that amid shipping disruptions in the Strait of Hormuz, Brent crude prices will hold steady between $100 and $110 per barrel through June and July. Once supply rebounds, however, prices are projected to fall to roughly $70 per barrel by September. Fitch’s base case assumes that after the Strait of Hormuz reopens, global oil production will recover rapidly, and the agency confirms no major damage to critical oil infrastructure has occurred so far. The agency noted that near-term fears over energy supply will continue to buoy oil prices. But as geopolitical risks fade and production capacity is restored, the boost from higher oil prices is set to gradually wear off.

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Philadelphia Semiconductor Index Soars Over 5% at Market Open, Led by Intel

June 8 – Per data from Bitget Markets, the Philadelphia Semiconductor Index opened more than 5% higher. Major chip stocks posted strong gains: Intel (INTC.O) rose 9.73%, Micron Technology (MU.O) climbed 9.6%, ASML (ASML.O) advanced 5.1%, and Applied Materials (AMAT.O) gained 5%.

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