Defiant Daily

Vitalik Backs a Prediction Market and TRUE Jumps 900%
Binance takes a $100 million Circle stake, and Kalshi blames one paid market maker for its repeating trade size

Bitcoin Hits Its Highest Since January as Crude Sinks 8%
ZetaChain votes to shut down its own Layer 1, and Fairshake books $30M against Sherrod Brown

Bitcoin Runs to $81,000 and NEAR Adds 32%
111 of the 125 largest tokens are up a day after the SEC cleared tokenized stocks — and Coinbase, Morpho and the CFTC all moved on the same trade

The SEC Cleared Stocks To Trade Onchain in the U.S.
A five-year exemption, a 75-symbol cap and an issuer veto — plus the CFTC opening its software carve-out to the whole industry

Trump Agrees To CLARITY Act Ethics Rules
Plus, Balancer proposes winding down and handing its $9 million treasury back to BAL holders

Crypto Didn't Get CLARITY, But it Can Still Get Clarity
Cloture failed 49-50, four Republicans voted no, and Tillis moved to reconsider a minute later

SEC, CFTC Say They'll Write the Crypto Rulebook Without Congress
Atkins and Selig posted within two hours of each other. The Fed raised rates for the first time since 2023 and bitcoin round-tripped it.

Robinhood Chain revenue fell 83% from its peak while trading volume set records
Senate Republicans posted revised CLARITY Act text five days before the cloture vote

Nasdaq Bought Into Kraken's Parent At $21 Billion
Plus: U.S. Bank issued its own stablecoin on Stellar, and MoneyGram put a dollar balance on a Visa card

Crypto Still Loves Memecoins -Just Not Hunter Biden's
Pump.fun now prices new coins in tokenized Nvidia and Tesla, Consensys is splitting in two, and Circle is buying Tazapay for $400 million