Business News

\n Phantom Doubles Down on Perpetual Futures After Recruiting Hyperliquid’s Market‑Building Team \n The crypto wallet Phantom announced that it has brought on the creators of Ventuals, the project that recently powered Hyperliquid’s most high‑profile perpetual‑futures experiments. This move signals a decisive shift for Phantom from a pure storage solution to a full‑featured trading platform … Read more

The Legislative Hurdle of the Clarity Act Investment bank Jefferies has issued a stark warning regarding the legislative trajectory of the Clarity Act. Despite successfully clearing the U.S. Senate Banking Committee with a bipartisan 15-9 vote earlier this year, the bill’s path to final passage remains fraught with political hurdles. According to decentralized prediction platform … Read more

In a landmark ruling for the cryptocurrency sector, a U.S. federal judge has sentenced Chinese businessman Miles Guo (also known as Ho Wan Kwok) to 30 years in prison. The sentencing follows his 2024 conviction for orchestrating a massive, multi-faceted racketeering conspiracy that defrauded investors of more than $1 billion. Guo, a high-profile exile from … Read more

The proposed Clarity Act, a pivotal piece of legislation for the cryptocurrency industry, faces substantial legislative headwinds despite its recent progress in the Senate Banking Committee. Investment bank Jefferies has issued a stark warning: the bill’s uncertain trajectory through Congress could trigger heightened volatility across digital asset markets in the coming weeks. Earlier this year, … Read more

In a landmark ruling signaling severe consequences for financial deception within the digital asset sector, Chinese businessman Miles Guo, 55, also known by multiple aliases including Ho Wan Kwok, has been sentenced to 30 years in prison. The U.S. judge handed down the sentence on June 30, 2026, following Guo’s 2024 conviction for masterminding a … Read more

Circle’s CRCL Plunge: Open USD’s Challenge and the Shifting Stablecoin Landscape Shares of Circle (CRCL) experienced a significant downturn on Tuesday following the unveiling of the Open USD stablecoin initiative. This new network, supported by a powerful consortium, has triggered investor apprehension, leading some to question the long-term viability of Circle’s dominant stablecoin, USDC. The … Read more

Chinese businessman Miles Guo, known for his high-profile connections and controversial ventures, has been sentenced to 30 years in U.S. federal prison. This severe penalty follows his 2024 conviction on multiple charges, including racketeering, fraud, and money laundering, stemming from a massive $1 billion cryptocurrency scheme. The judgment underscores the U.S. government’s increasing resolve to … Read more