A crypto executive has countered claims by the president of a community banking association, arguing that any compromise between the banking sector and the crypto industry on the US CLARITY Act would be detrimental. According to Cointelegraph, Austin Campbell, founder of Zero Knowledge Consulting, emphasized the importance of collaboration between community banks and the crypto industry. He stated that if these two sectors cannot find a way to work together, the beneficiaries will not be community banks, consumers, or the crypto industry, but rather the major banks. Campbell highlighted the technological and regulatory challenges faced by community banks, which he believes can be addressed through stablecoins. He argued that stablecoin-yield providers and community banks are not adversaries but allies. Campbell accused major banks and their funded lobbies of pitting both sides against each other, ultimately benefiting figures like Jamie Dimon. His remarks were in response to Christopher Williston, president of the Independent Bankers Association of Texas, who warned that concessions in the CLARITY Act debate could harm local lending and economic production. Banking lobby groups have expressed concerns that the CLARITY Act, if passed in its current form, could lead to stablecoins diverting deposits from the banking system. A recent research note from major US bank Standard Chartered suggested that increased stablecoin adoption might result in a significant decrease in US bank deposits. The debate has also attracted attention from the Trump family. Eric Trump, son of U.S. President Donald Trump, criticized large banks for not acting in the best interests of US citizens, accusing them of lobbying to prevent Americans from obtaining higher yields on their savings. U.S. President Donald Trump also voiced his disapproval of banks for delaying the Senate’s crypto market-structure bill due to ongoing disagreements over stablecoin yield payments. He urged for the swift passage of the bill, emphasizing the need to finalize the market structure promptly. Trump criticized banks for achieving record profits while attempting to undermine the nation's crypto agenda. The ongoing debate highlights the tension between traditional banking institutions and the emerging crypto industry as they navigate regulatory challenges and market dynamics.

Analyst @ai_9684xtpa posted on X that the wallet address 0xA6AFe695F43Ea9979b7f8b2Cbf2654C0E4d1ce42 has accumulated a total of 4009.87 ETH over the past three days, valued at $7.973 million, with an average cost of $1988.55 per ETH. In the last hour, the wallet added 2159.53 ETH at a price of $1978.27, totaling approximately $4.27 million. Currently, this portion of ETH is experiencing an unrealized loss of $21,800.

Sources in the United States say that President Trump has privately expressed a “strong interest” in deploying U.S. ground troops to Iran. The sources said Trump has discussed the idea with aides and Republican officials. While Trump expressed strong interest in the idea, the focus of the proposed deployment is not on a “large-scale ground invasion of Iran,” but rather on “sending a small U.S. force to achieve specific strategic objectives.” The sources also said that Trump has not yet made any decisions or issued any orders regarding ground troops. White House Press Secretary Levitt stated in a statement that these sources are not members of the President's national security team. (CCTV News)

The U.S. General Services Administration (GSA) has officially terminated its OneGov agreement with Anthropic. According to NS3.AI, this decision marks a significant shift in the GSA's approach to managing its services and partnerships. The termination of the agreement is expected to impact various operations and collaborations previously facilitated under the OneGov framework. The GSA has not provided specific reasons for ending the agreement, leaving industry observers to speculate on the potential implications for both parties involved. Anthropic, known for its advancements in artificial intelligence, may need to reassess its strategies in light of this development. The GSA's move reflects broader trends in government contracting and partnership management, as agencies continue to adapt to evolving technological and operational landscapes.

According to documents from the U.S. District Court for the Southern District of New York, a New York federal judge has granted class certification to the plaintiffs in a market manipulation lawsuit against Tether and Bitfinex, dividing the case into two groups of plaintiffs: spot investors and futures traders. The case reportedly alleges that Tether and Bitfinex manipulated cryptocurrency market prices between 2017 and 2019 by issuing USDT, causing investors who purchased BTC and ETH to lose hundreds of billions of dollars. (Law360)

طرح “فيتاليك بوتيرين”، المؤسس المشارك للايثيريوم، تصور لكيفية تطور محافظ العملات الرقمية مستقبلا باستخدام الذكاء الاصطناعي، مع إبقاء القرار النهائي بيد المستخدم. وأوضح عبر منصة “Farcaster” أن الجيل القادم من محافظ الويب 3 سيعتمد بشكل كبير على الذكاء الاصطناعي، لكنه شدد على أنه لا يثق في نماذج اللغة الكبيرة لإدارة معاملات بملايين الدولارات بشكل مستقل. source: https://arab-btc.net/human-verified-ai-wallets-for-crypto-transactions/

If the crypto industry and community banks cannot find common ground on the CLARITY Act, the only winners will be the “big banks,” according to crypto executive Austin Campbell. source: https://cointelegraph.com/news/crypto-industry-us-clarity-act-community-banks-stablecoin-yields?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

DeFi Development, a Solana treasury company listed on Nasdaq, has announced plans to launch a dividend-paying stablecoin following a strategic investment in the stablecoin protocol development project Apyx. According to Odaily, the initiative aims to introduce transparent returns in the stablecoin market. Discussions between the two parties have also covered token economics, valuation frameworks, development roadmaps, and the use of digital asset treasury (DAT) dividend preferred shares.

null source: https://x.com/BSCNews/status/2030112701163147293

Bitcoin mining company Cathedra Bitcoin has announced a merger agreement with technology firm Sphere 3D in an all-stock transaction. According to Odaily, the new entity will retain the Sphere 3D name and its Nasdaq listing status. The merged company will continue to operate five data centers in Tennessee, Kentucky, and Iowa, maintaining a capacity of 53 MW and a Bitcoin mining infrastructure of 1.2 EH/s. Cathedra Bitcoin shareholders will hold 49% of the issued shares post-merger. The company plans to explore opportunities to expand its operational capacity to 100 MW and offer AI and high-performance computing (HPC) services.

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