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Crypto

Galaxy Digital CEO says U.S. CLARITY Act likely to pass by June

U.S. cryptocurrency regulation bill CLARITY could become law as early as June, Galaxy Digital CEO Mike Novogratz said. He said the bill may be finalized in May and move to a signing stage in June. The measure sets standards for digital assets, creating a national regulatory framework and dividing oversight by classifying some assets as securities and others as commodities. The process has slowed in the Senate amid stablecoin provisions and bank concerns.

Crypto

Dogecoin open interest surges, raising hopes of short-term rally

Dogecoin open interest has climbed above $629 million, raising the possibility of a short-term shift in direction as derivatives positions grow quickly. While the token remains below $0.10, traders have increased bets, particularly on Binance, where open interest has risen sharply over five days. Analysts caution the buildup does not guarantee a trend reversal and could instead amplify volatility, with price seen stuck in a $0.094 to $0.104 range.

Crypto

Quantum computing investment divide widens as Wall Street bets and banks hesitate

Wall Street is focusing on quantum computing as a next-generation investment theme, but financial institutions differ on when it will be usable. Goldman Sachs tested quantum computing for asset management with Amazon but found no clear results and later cut most of the team. JPMorgan has kept more than 50 researchers and continues long-term work. Interest is also tied to cryptocurrency security, as quantum advances could shorten the time needed to break certain cryptography.