BlockNews

🚨 LATEST: Pokémon cards outperformed Bitcoin by more than 43 percentage points over the past 3 months, per Rand Group.
Pokémon cards gained 22.8%, while $BTC fell 20.7%.

🚨 LATEST: Treasury Secretary Scott Bessent says the US is preparing “unprecedented” economic pressure on Iran.
According to Bloomberg, potential targets include Chinese banks financing 90% of Iran’s oil trade, while sanctions on Iranian exchange houses have already pushed money toward digital assets.

🚨 LATEST: Galaxy Research has slashed the odds of the CLARITY Act passing this year to just 10%.

🚨 JUST IN: The 2-year Treasury yield falls below 4.10% after weaker-than-expected retail sales.
Short-term Treasuries rallied, while longer-term yields edged higher as markets repriced the short end of the curve rather than the long-term premium.

🚨 JUST IN: Nvidia cuts its guarantee for OpenAI’s giant data center from $250 BILLION to under $120 BILLION.
The backstop now covers only HALF of the 10-gigawatt Ohio project after investors balked at the risk.

🚨 JUST IN: Warren Buffett’s Berkshire Hathaway increased its $GOOGL investment by 83%, bringing its position to $37.8 BILLION.

🚨 JUST IN: Citi CEO Jane Fraser backs the CLARITY Act and says she wants to see it become law.
“We would like to see a good bill go through.”

🚨 JUST IN: Sen. Elizabeth Warren is demanding answers from Treasury Secretary Scott Bessent over the Trump administration’s intervention to support the Japanese yen.
Warren is seeking the legal justification, cost to US taxpayers and whether the ECB was consulted before Treasury used euro reserves to buy yen.

🚨 JUST IN: Hyperscale Data sold approximately 685 $BTC for $43 MILLION and reduced its debt by about $30 MILLION.
The company still holds around 275 $BTC and plans to use the proceeds primarily to develop its Michigan data center.

🚨 BREAKING: Israel’s largest bank, Leumi, will offer crypto trading directly through its banking app to 2.5 million customers.

🚨 LATEST: The White House says the US lost an estimated $19 BILLION to $26 BILLION in tariff revenue due to transshipped goods.

🚨 UPDATE: The S&P 500 closed at a record 7,799 after touching 7,800 for the first time ever.
The index first crossed 7,000 in April and is now up nearly 20% over the past 12 months, as rate hike bets fade following tame CPI and PPI data.

🚨 JUST IN: The SEC’s tokenization innovation exemption has been “further delayed,” according to Eleanor Terrett, citing a source familiar with the matter.
The delay could be tied to ongoing negotiations over Section 10505 of the CLARITY Act, potentially keeping the exemption on hold until the bill’s path becomes clearer.
The SEC’s planned meeting on crypto fundraising rules is still set for tomorrow at 10AM.

🚨 JUST IN: The SEC is set to vote Friday on a proposal to regulate the issuance and sale of crypto assets.

🚨JUST IN: Bitcoin falls back under $63,000.

🚨 TODAY: The S&P 500 hits 7,800 for the first time in history.

🚨LATEST: The Ethereum Foundation is moving away from the specialized Poseidon hash for Ethereum’s base layer, favoring established options like SHA or BLAKE.
New research shows traditional hashes can now perform just as well in advanced zero-knowledge systems. EF researcher Justin Drake said Poseidon currently secures “billions via zkrollups and zkVMs.”

🚨 JUST IN: Swiss banking giant UBS increased its spot Bitcoin ETF holdings by 230%, bringing its total exposure to $90 MILLION.

🚨 JUST IN: U.S. stocks have added roughly $400 billion in market value after CPI came in line with expectations and PPI came in below forecasts.