Nearly 2.4 million ZEC holders overwhelmingly backed faster block times and the continuation of Bitcoin-style halvings in a governance vote that drew nearly two-thirds of eligible token holders, marking a significant shift toward greater privacy-enhanced decision-making.
Bitcoin and ether longs accounted for the largest share of roughly $571 million in crypto futures liquidations after the Clarity Act missed a Senate procedural threshold. Bitcoin held near $75,700 as regulatory attention shifted to the executive branch, CFTC and SEC.
August core CPI rose 0.3%—exceeding expectations of 0.2%—potentially prompting a Federal Reserve rate hike at next week's policy meeting. The data follows Fed Chair Kevin Warsh's warnings about persistent inflation pressures.
Robinhood CEO Vlad Tenev defended his company's stock tokens against AMC CEO Adam Aron's claims of a 'fake market,' clarifying that Robinhood does not require AMC's consent to offer these debt-backed tokens and sparking a debate over corporate control over tokenized securities.
Even if the Clarity Act fails to pass, Wall Street's crypto expansion will likely continue as financial institutions have already made significant strides in digital assets. Passage would accelerate adoption, but failure may only slow it rather than stop it entirely.
The U.S. Treasury Department imposed sanctions on Xinbi Guarantee, a Chinese-language marketplace accused of facilitating crypto-infused scams and money laundering for criminal networks, marking another escalation in efforts to disrupt transnational fraud operations.
Robinhood CEO Vlad Tenev defended his company's stock tokens against AMC CEO Adam Aron's claims of a 'fake market,' clarifying that Robinhood does not require AMC's consent to offer these debt-backed tokens and sparking a debate over corporate control over tokenized securities.
Nearly 2.4 million ZEC holders overwhelmingly backed faster block times and the continuation of Bitcoin-style halvings in a governance vote that drew nearly two-thirds of eligible token holders, marking a significant shift toward greater privacy-enhanced decision-making.
XRP led a broad crypto selloff, dropping nearly 10% after the Senate failed to advance the Clarity Act, while bitcoin slipped toward $76,000 and crypto stocks suffered even steeper losses.
Digital asset stocks declined sharply after the Senate voted down the Clarity Act, with Coinbase shares falling almost 9% as regulatory uncertainty persists.
The U.S. Treasury Department imposed sanctions on Xinbi Guarantee, a Chinese-language marketplace accused of facilitating crypto-infused scams and money laundering for criminal networks, marking another escalation in efforts to disrupt transnational fraud operations.
ByteDance was reportedly considering spending $70 billion on AI data centers and infrastructure. The news comes as U.S. AI giants call for slowing the AI race.
Goldman Sachs reversed course and now expects a 25-basis-point Fed increase, while strategist James Thorne argues the move is designed to reassure Wall Street. Diane Swonk contends inflation is strengthening and forecasts three rate hikes by early 2027.
BIS chief Pablo Hernandez warns that debt‑driven AI spending could spark a systemic financial correction if returns disappoint, citing historical tech bubbles.
August core CPI rose 0.3%—exceeding expectations of 0.2%—potentially prompting a Federal Reserve rate hike at next week's policy meeting. The data follows Fed Chair Kevin Warsh's warnings about persistent inflation pressures.
Bitcoin declined 1.7% as Clarity Act prospects dimmed on Polymarket, with the Senate set to vote on procedural measures that could determine the future of U.S. crypto regulation.