XRP climbed as much as 9.8% in the day ahead of Tuesday’s Senate CLARITY Act cloture vote before cooling to $1.41, as futures traders piled fresh leverage into the move. The Numbers XRP spent Sunday pinned near $1.34, but by Monday afternoon it was floating around $1.49, up 9.8% for the day. Since then, the …
Continue reading “XRP Rallies 9.8% on CLARITY Hopes; Prediction Markets Aren’t Buying It”
Coinex, the exchange Haipo Yang launched in December 2017, will end spot trading on Sept. 29 and shut down completely on Dec. 22, blaming a long crypto slump and rising compliance costs. The Calendar Users Need Coinex announced an orderly wind-down on Sept. 14 with four hard dates: Sept. 15: registrations and referral rewards stop, …
Continue reading “Coinex Is Closing After 9 Years, and Its Founder Won’t Sell It”
House Ways and Means Chair Jason Smith unveiled a 114-page crypto tax bill on Monday night that would stop taxing network fees under $10, setting up a committee markup on Wednesday, Sept. 16. What the Bill Actually Changes Bloomberg Government reported that Smith, a Missouri Republican, released the text on Monday night and that it …
Continue reading “US House Crypto Tax Bill Spares Fees Under $10, but Not Heavy Traders”
Strategy’s latest $139.3 million repurchase of STRC variable-rate preferred shares has brought its spending on buybacks to about $950.8 million since July 20, more than twice what it spent acquiring Bitcoin over the same period. The company’s Sept. 14 filing disclosed purchases of 1,420,467 STRC shares between Sept. 8 and Sept. 13, funded entirely from …
Ethereum and Coinbase-backed layer-2 network Base have abandoned an effort to agree on how the next generation of crypto wallets should work. On Sept. 14, Ethlabs researcher Derek Chiang said collaboration between developers working on Ethereum’s EIP-8141 Frame Transactions and Base’s EIP-8130 broke down last week after attempts to produce a shared account-abstraction standard failed to …
Continue reading “Coinbase-backed Base just exposed the uncomfortable truth about Ethereum’s L2s”
In a Sept. 8-11 Lido discussion, Commit-Boost contributor Jason Vranek argued that builders funding protocol-backed payments face costs from idle Ethereum, failed delivery, and offers they wanted to cancel. Those costs could make trusted connections more competitive. Meanwhile, Titan Builder said it expects validators to continue reaching it through relays that organize auctions and handle …
Years of AI-driven gains increased technology exposure inside index trackers, workplace pensions, and other mainstream holdings, according to Devere CEO Nigel Green. Monday’s sell-off showed how savers can acquire concentrated exposure without deliberately buying technology stocks. How AI Exposure Builds Inside Ordinary Savings Everyday savers can accumulate AI-heavy portfolios without purchasing shares in an artificial …
Continue reading “How Everyday Savers Can Accidentally End Up With AI-Heavy Portfolios”
Fewer than 10 of the 256 billionaires who signed the Giving Pledge have actually followed through on giving away their fortunes, and most of the fulfillments happened only after death. Liz Baker, CEO of Greater Good Charities, argues Elon Musk is right about the challenge, saying, “as somebody who’s responsible for giving away money, yeah, …
The Kyrgyz central bank has entered into a partnership with blockchain security firm Certik to establish a long-term framework to enhance the cybersecurity, risk management, and regulatory oversight of the country’s digital currency. Framework for Cooperation The National Bank of the Kyrgyz Republic (NBKR) has entered into a strategic partnership with blockchain security firm Certik …
Continue reading “Kyrgyzstan Central Bank Taps Certik for CBDC Oversight”
Polymarket traders now give the CLARITY Act an 18% chance of becoming law in 2026, down from roughly 34% earlier on Sept. 14 and 82% in February. Bank and state opposition has left key disputes unresolved before a Senate vote. Why CLARITY Act Odds Fell Back to 18% The CLARITY Act’s rebound unraveled within hours …
Continue reading “CLARITY Act Odds Slide to 18% as Banks and State AGs Push Back”
Ripple CEO Brad Garlinghouse backed Treasury Secretary Scott Bessent’s case for advancing the CLARITY Act, arguing the final compromise deserves Senate support. Bessent says the bill gives Treasury tools to protect community banks if stablecoin-related deposit flight emerges. Garlinghouse Backs Bessent Ahead of Senate Vote Treasury Secretary Scott Bessent pressed senators Sept. 14 to support …
Continue reading “Garlinghouse Backs Bessent’s CLARITY Act Case Ahead of Senate Vote”
Senate Democrats are preparing a counteroffer to the Senate Republicans’ CLARITY Act draft text introduced on Sunday. Democrats have criticized the new ethics language as falling short of their expectations, and even some Republicans have expressed doubt about the CLARITY Act’s content and scope. Senate Democrats to Introduce CLARITY Act Counteroffer The future of the …
Continue reading “Democrats Draft CLARITY Act Counteroffer as Ethics Dispute Grows”
The United Kingdom government has suffered a House of Lords defeat after peers voted 194-138 to require the Treasury to produce a national digital-assets strategy. The amendment puts fresh pressure on the U.K. to sharpen its approach to crypto, stablecoins and tokenized finance as competing jurisdictions move ahead with their own frameworks. Treasury Faces New …
Continue reading “UK Lords Defeat Government 194-138 Over Crypto Strategy”
A proposed XRP Ledger (XRPL) upgrade could let banks and fintechs absorb XRP costs so customers never need to hold the token. The Sponsor amendment, based on the XLS-68 Sponsored Fees and Reserves proposal, would let a company pay account reserves and transaction fees for another XRPL user while that customer retains control of their …
Circle is tying major financial institutions to its Arc blockchain as operators, investors, and future users ahead of its Sept. 16 mainnet launch. BlackRock, DTCC, Visa, Mastercard, and ICE are among 11 outside institutions Circle named as founding validators, alongside Circle itself, giving some prospective users a direct role in finalizing transactions. More than 100 …
