crtypto & forex news

Users who fail to migrate their accounts before quantum computers become a practical threat would not automatically lose their assets under Circle’s new plan — the company is proposing recovery frameworks tied to cryptographic proofs, seed phrase verification, exchange records, and even court orders if necessary. A Long Road, Not A Quick Fix Circle, which issues the USDC stablecoin across more than 30 blockchain networks, published a post-quantum security whitepaper on Friday outlining how it intends to prepare USDC and its upcoming Arc blockchain for an era when today’s cryptographic standards may no longer hold. The plan runs in three phases: a readiness stage to identify vulnerable systems, a transition period where old and new cryptography operate side by side, and a final migration that could see classical signature schemes retired entirely. The underlying risk is technical but significant. Most blockchains rely on elliptic curve cryptography, and a powerful enough...

The price performance of Ethereum was disappointing for most of May , as the bears seemed to be in full control. It doesn’t seem like much will change for the “King of Altcoins” in the new month, which appears to be a mere continuation of the established downward trend. According to a popular analyst on the social media platform X, the Ethereum price could be on its way down to around $1,850. Is ETH Price Stuck In A Descending Channel? Crypto analyst Burak Kesmeci took to the X platform to share his projection for the Ethereum price over the coming days. The market pundit posited that the second-largest cryptocurrency could decline toward the $1,822-$1,850 range if it fails to break the $2,033 resistance in the next few days. This bearish outlook is premised on the fact that sellers have been in a dominant position in the short term and for much of the past month. This dominance is evident in the formation of a descending channel on the four-hour timeframe of the E...

US Bitcoin Spot ETFs reported net outflows of $1.42 billion in the final week of May, extending the persistent negative trend observed throughout most of the month. The bearish performance by these investment funds aligns with Bitcoin’s price struggles, when the premier cryptocurrency failed to breach the key resistance of $82,000 around May before slipping into another correction. Bitcoin ETFs See Persistent Red Across Second Half Of May In analyzing the individual fund performances over the week, it is observed, in typical fashion, that selling pressure was concentrated among the largest issuers. According to data from SoSoValue , BlackRock’s IBIT led the outflows by a wide margin, with withdrawals exceeding deposits by $966.42 million. Behind the market leader, Fidelity’s FBTC and Grayscale’s GBTC also registered significant capital flight, posting net outflows of $169.15 million and $175.09 million, respectively. Bitwise’s BITB also recorded moderate net outfl...

Four working weeks. That’s all the time left in June for the US Senate to move on the CLARITY Act before lawmakers head into recess — and the crypto industry is watching the clock. A Crowded Legislative Calendar Senate Majority Leader John Thune confirmed that the chamber’s reconciliation package would not be completed this month, forcing senators to return in June with a packed agenda. The CLARITY Act, a market structure bill that cleared the Senate Banking Committee with a 15-9 bipartisan vote, now has to compete for floor time against reconciliation talks, FISA matters, and a housing package already passed by the House. Galaxy Digital CEO Mike Novogratz put the situation plainly. “June is ‘Clarity’ month,” he wrote on X. “It’s literally now or never.” Treasury Secretary Scott Bessent has also pushed both the Senate and House to move on the bill. His call to action was followed by a jump in approval odds on prediction marke...