The crypto market,
briefed in 60 seconds.

How a Treasury buyback tweak helped bitcoin surge 25% to nearly $80,000 in days — Treasury buybacks not QE but pulled yields off highs and triggered a record short squeeze, boosting bitcoin.

Bitcoin and Ether bears get decimated amid 'squeeze-led' rally and Musk's X wants to pay creators in stablecoins: Crypto week in 5 stories — Strongest rally in months driven by Treasury intervention, regulatory moves, and short squeeze, while banks and tech firms advance stablecoins.

Crypto advocates join in suing Illinois over digital asset tax — Crypto Council for Innovation and Blockchain Association sue Illinois over its recently approved 0.2% crypto tax.

Pass the Clarity Act — Reopening a settled provision four weeks before a vote would sink the bill, argues Summer Mersinger, CEO of the Blockchain Association.

Analysts split on whether Bitcoin's surge past key levels signals a new bull run — Sharp spikes and forced short liquidations are classic bottom signs, but macro risks remain.

The hard truth is that the Clarity Act is an anti-crypto bill — After stalled bills and collapses, any comprehensive legislation seemed progressive, but Clarity is a political trap, argues Berkeley Law lecturer Hermine Wong.

U.S. CFTC chief puts staff on notice to create crypto regulations if Clarity Act fails — Chairman Mike Selig warns CFTC won't sit idle; will draft regulations if the Clarity Act doesn't pass.