Morning Minute: The Clarity Act Just Passed Its First Major Vote
The Clarity Act advanced through its first major congressional vote, marking significant progress toward crypto regulatory clarity in the US. Bitcoin holds above $80,000 while broader markets show mixed movement. The legislation seeks to define cryptocurrency classification and reduce regulatory ambiguity, potentially benefiting Indian investors monitoring US policy direction for market implications and institutional adoption signals.
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Dune Analytics cuts 25% of staff while pivoting toward institutional clients and AI integration. The blockchain analytics platform reduces operational costs amid competitive pressures in the data space. The move reflects broader crypto industry consolidation, with established players streamlining to focus on enterprise solutions rather than retail services. Market implications remain neutral for major cryptocurrencies.
THORChain’s RUNE Token Plunges Double Digits After $10M Exploit, Trading Halt
THORChain's RUNE token crashed over 10% following a $10 million exploit, triggering trading halts on major exchanges. The cross-chain liquidity protocol faced significant security breach concerns, rattling investor confidence. RUNE fell to $0.52, impacting multichain DeFi users. Indian crypto traders exposed to THORChain face portfolio pressure amid broader market volatility and security reassessment of bridge protocols.
THORChain pauses trading after suspected $10M exploit
THORChain paused trading after ZachXBT flagged a suspected $10 million exploit spanning Bitcoin, Ethereum, BNB Chain and Base....