Circle stock drops nearly 20% as CLARITY Act draft targets stablecoin yield

Circle shares dropped nearly 20% Tuesday, falling toward the $100 level after a CoinDesk report revealed new draft language in the CLARITY Act that would ban yield on stablecoin balances. The proposed rules would prohibit issuers from offering passive rewards for simply holding a stablecoin and restrict structures that resemble interest-bearing deposits. While activity-based rewards…

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Wintermute – Crypto News Bitcoin News

Crypto Rallies as Bitcoin Surges Past $70K While Gold Sees Historic Decline Crypto markets staged a sharp recovery at the start of the week, with bitcoin reclaiming the $70,000 level as easing geopolitical tensions lifted risk sentiment. The move followed a temporary pause in U.S. strikes on Iranian energy infrastructure, which helped cool oil prices…

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A former Thiel fellow’s startup just launched a drone it says can replace police helicopters

When I speak to Blake Resnick, he’s walking around his drone startup’s newest office space in Seattle—a cavernous 50,000-square-foot facility that, Resnick estimates, won’t be fully set up until later in the year—potentially November. Still, the big (and for now, largely empty) building offers the promise of a fast-growing company intent on conquering its particular…

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