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Crypto

Y Combinator urges swift Senate passage of CLARITY bill

U.S. startup accelerator Y Combinator has publicly urged the Senate to pass the CLARITY bill, a digital asset market structure proposal. It said all YC companies would eventually use cryptocurrency technology, including stablecoins, and stressed the need for a regulatory framework. The company described blockchain as an “Internet of Assets” and cited use cases such as cross-border payroll and faster marketplace payouts. The bill would clarify oversight by asset type and includes customer protections.

Crypto

Kalshi launches XRP perpetual futures trading as U.S. crypto derivatives expand

Prediction market Kalshi has started trading XRP perpetual futures contracts, expanding its so-called American Perpetuals offering for U.S. traders. The launch follows a shift in the U.S. regulatory environment after the Commodity Futures Trading Commission allowed Kalshi to offer its first bitcoin-linked perpetual futures product. Kalshi submitted derivatives tied to 12 major altcoins, including ether, solana, dogecoin and XRP. Trading volume on its crypto perpetuals platform reached $100 million within 24 hours of launch.

Crypto

Bitcoin holds $60,000 but faces triple pressure from CLARITY Act, Strategy and XRP

Cryptocurrency markets sank into an “extreme fear” phase as bitcoin neared a break of the $60,000 support level. U.S. spot bitcoin ETFs logged 13 straight sessions of net outflows, with cumulative withdrawals of about $4.37 billion. Passage prospects for the U.S. CLARITY Act this year fell again amid Senate scheduling hurdles. XRP holders showed limited selling despite a 66 percent drop from its peak, while Ripple pushes RLUSD and institutional ecosystem expansion.