CLARITY Act chances of passage this year falls to 60%, Galaxy Digital says
The CLARITY Act, the crypto industry’s biggest bill in Congress, is losing momentum just weeks after clearing a key Senate committee, raising the risk that Washington’s first major digital asset rulebook slips deeper into an election year. Galaxy Digital lowered its estimate that the CLARITY Act will become law in 2026 to 60% from 75%, […] The post CLARITY A...
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DeFi’s old hack vectors are fading – But the new risk can hit six chains at once
Decentralized finance has gotten a lot safer over the past six years, and a new review of protocol losses from 2020 through 2025 puts a pretty large number behind that claim. Industry-wide DeFi losses peaked at $2.62 billion in 2022 and fell roughly 80% to $534 million by 2024. Bridge hacks that once produced billion-dollar […] The post DeFi’s old hack vecto...
Crypto rails made prediction markets global, gambling laws may make them local again
South Korean police opened the country's first illegal gambling probe into domestic Polymarket users on Jun. 5, targeting residents who placed bets on the Jun. 3 local election outcomes. The Gangwon Provincial Police Agency is leading the investigation at the request of the National Police Agency, tracing cryptocurrency transaction records to identify users ...
AI’s power race is shifting leverage from chipmakers like NVIDIA to the grid
AI has hit an electricity problem. Running it takes staggering amounts of power; demand in the US is climbing faster than the grid can keep up, and that's handing enormous leverage to the companies that generate and deliver it. On June 2, the Electric Reliability Council of Texas voted to overhaul how it admits large […] The post AI’s power race is shifting ...