OneLiners
Coinbase and Ripple Urge Senate Vote on CLARITY Act
More than 200 industry associations, public organizations, and crypto companies, including Coinbase and Ripple, have urged the U.S. Senate to hold a vote on the CLARITY Act. The appeal was sent to Republican Majority Leader John Thune and Democratic Leader Chuck Schumer, according to The Block. The CLARITY Act aims to establish regulatory guidelines for the digital asset market in the U.S. and delineate the authority of supervisory agencies.UK’s FCA Proposes Allowing Funds to Hold Crypto ETNs
The UK's Financial Conduct Authority (FCA) has proposed allowing regulated retail investment funds to hold up to 10% of their assets in exchange-traded notes (ETNs) on crypto assets. The regulator deems a higher proportion inappropriate due to the speculative nature of the underlying assets and is not currently considering direct investments by authorized funds in cryptocurrencies.Quantum Computing Firms Increasingly Opt for SPACs
Quantum computing companies are increasingly opting for SPACs to go public, as this approach allows them to lock in valuations earlier and disclose financial forecasts, unlike traditional methods. According to Lou Gerken, head of FIGX Capital Acquisition, the share of SPACs among all IPOs in the US rose from approximately 18% in 2024 to 40–45% in 2025 and nearly 60% in 2026. The success of such deals depends on an experienced team, a specialized sponsor, and PIPE financing.U.S. Spot Bitcoin ETFs See $1.72 Billion Outflow in a Week
From June 1 to June 5, U.S. spot Bitcoin ETFs experienced a net outflow of $1.72 billion. This marks the largest weekly withdrawal in over a year, according to The Block, citing SoSoValue. The largest outflow was from BlackRock's IBIT, amounting to approximately $1.34 billion. Amid weakening flows, Bitcoin fell to $61,195 but later recovered above $63,000.We use cookies to improve the quality of our service.
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