Bitcoin’s tight consolidation just below $120,000 suggests the bulls are holding on to their positions as they anticipate an uptick in volatility. Key points: Bitcoin remains stuck in a narrow range, suggesting a breakout could be around the corner. The FOMC minutes and Federal Reserve interest rate decision could set the tone for crypto’s next steps. Read more
The White House’s digital asset task force calls on regulators to clarify crypto trading rules and accelerate innovation, as a major crypto bill becomes law and two more head to the Senate. US President Donald Trump’s crypto working group has reportedly urged federal regulators to clarify trading rules for digital assets as part of a broader effort to ease the adoption of new financial products, highlighting the White House’s increasing focus on the blockchain economy following the passage of three separate crypto bills earlier this month. The policy proposals were introduced by the White House’s Working Group on Digital Asset Markets, which was established by executive order in January and is led by David Sacks. Among the recommendations were calls for the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) to “immediately enable the trading of digital assets at the federal level” by clarifying rules around custody, trading, registration and record keeping. Read more
Traders anxiously await today’s FOMC results to see if a surprise Fed rate cut could ignite a Bitcoin rally toward $140,000. Key takeaways: A surprise Federal Reserve interest rate cut could reduce the appeal of fixed income, pushing some capital toward assets like Bitcoin. Bitcoin benefits from loose monetary policy as excess liquidity and strong macro conditions boost risk appetite. Read more
Planck relies on a network of global processing units worth $40 million, the protocol said. The Planck Network, an infrastructure protocol targeting the artificial intelligence boom, has launched a layer-0 blockchain aimed at supporting decentralized AI networks, the company said Tuesday. The blockchain is designed to serve as foundational infrastructure for AI applications, particularly those built for decentralized physical infrastructure networks (DePINs). These networks combine hardware, token incentives and distributed processing to create alternatives to centralized resources, such as cloud services. The move aligns with a growing push within the crypto industry to bring Web3 principles of decentralization to AI development, a sector still dominated by centralized players such as OpenAI and Google. Read more