New MiCA regime in Europe, U.S. jobs report for June: Crypto Week Ahead

Your look at what's coming in the week starting June 29.
This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Your look at what's coming in the week starting June 29.
This is an AI-generated summary. ShortSingh links to the original source for the complete article.
CASHCAT, the memecoin associated with the launch of Robinhood Chain, has surged 120% over the past week. The token's market capitalization has recovered to approximately $86 million. Meanwhile, Robinhood Chain has accumulated a total value locked of $774 million across its ecosystem. Tokenized assets, which represent the blockchain's core stated purpose, account for a comparatively modest $27.6 million of that total.

The U.S. Senate has not yet indicated whether it will move forward with the Digital Asset Market Clarity Act. The legislation, which aims to regulate digital asset markets, faces an uncertain timeline on Capitol Hill. With the Senate's summer recess approaching, the window for near-term action is narrowing. Several possible outcomes remain on the table depending on whether lawmakers prioritize the bill before the break.

Crypto firm RedotPay has pledged to strongly contest a lawsuit filed against it by major crypto exchange Binance. The legal action was filed in Hong Kong, where Binance alleges that RedotPay unlawfully poached its customers. RedotPay has publicly stated its intention to defend itself vigorously against the claims. The dispute highlights growing competition and legal tensions within the cryptocurrency industry.

The cryptocurrency industry's top political action committee, Fairshake, suffered a rare defeat after spending $2 million in a Detroit Democratic primary election. The candidate backed by the PAC failed to secure a win in that contest. However, Fairshake-supported candidates achieved victories in other races across the country. Despite the Detroit setback, the overall outcome suggests the number of crypto-friendly lawmakers in Congress is likely to increase following the elections.

Discussion (0)
Log in to join the discussion and vote.
Log in