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crypto.news

The Clarity Act is dying, and the SEC just built its replacement

The Senate will not vote on crypto market structure legislation before September. Meanwhile, the SEC is voting on a 400-page rulemaking framework that does much of what Congress promised. Here is why rulemaking may matter more than legislation now. The…

crypto.news

NUSD supply falls 76% from February level

NUSD supply has fallen by about 76% from the $226 million level documented in February to $53.6 million as issuer Neutrl has suspended redemptions while assessing an undisclosed issue affecting its reserves. Neutrl said Thursday that unspecified circumstances had affected…

BeInCrypto

MORPHO Logs Record Exchange Outflow Since Token Trading Began

Traders moved 5.59 million Morpho (MORPHO) tokens off exchanges in a single day, the largest net outflow since the token began trading in November 2024, according to Santiment. The withdrawal pulled roughly $10.8 million of supply out of trading venues.…

crypto.news

Kalshi, Polymarket sued by Baltimore over sports event contracts

Baltimore has sued Kalshi and Polymarket over alleged unlicensed sports betting, with its case against Kalshi also naming Coinbase, Robinhood and Webull over their role in distributing sports event contracts. According to complaints filed Thursday by Mayor Brandon Scott and…