XRP sinks 10% as the Clarity Act fails and bitcoin slides toward $76,000
The Senate's 4950 procedural vote left the crypto market structure bill 11 short of what it needed, and every major token fell. Source:CoinDesk
Crypto industry turns to US regulators after CLARITY setback
The CLARITY Act could still be revived after Senator Thom Tillis moved to reconsider the failed cloture vote, though industry executives are divided over…
There were many conductors in the derailment of the crypto industry's Clarity Act
Last minute, behindthescenes disputes locked in a dismal showing for the market structure legislation the industry pinned its greatest hopes on. Source:CoinDesk
BIS paper finds major gap in Bitcoin onchain transfer estimates
A BIS study found widely used crypto metrics can obscure economic activity, with measurement challenges spanning Bitcoin, Ethereum and stablecoins.…
2 charts showing how oil is becoming the global market’s biggest wild card
Oil is increasingly calling the tune in global markets as rising energy prices make investors nervous. Source:MarketWatch
Dow clinches its worst September start since 2008 as history repeats itself
The Dow Jones Industrial Average on Tuesday posted its worst performance during the first 10 days of September since 2008. Source:MarketWatch
Crypto industry reacts after Clarity Act fails Senate vote
One of the most crucial U.S. regulations for crypto markets couldn't secure enough support to clear the Senate's final 60vote hurdle. Source:CoinDesk
Crypto Clarity Act flames out in failed U.S. Senate vote
The yearslong effort to set U.S. regulations for crypto markets couldn't muster enough support to make the leap over the Senate's final 60vote hurdle.…
US Senate fails to advance CLARITY Act
The failed procedural vote leaves the CLARITY Act facing an uncertain future after months of negotiations over crypto oversight and ethics provisions.…
Solana lender Kamino taps fintech veteran Michael Weisz as CEO for massive U.S. expansion
Michael Weisz will lead Kamino from a new New York headquarters as the DeFi lender is expanding into tokenized assets. Source:CoinDesk
Stocks have so far survived rising Treasury yields. But that may be about to change.
Strong earnings growth has cushioned the stock market from rising yields. But everrising bond rates may eventually take a toll. Source:MarketWatch
Stablecoin growth could boost dollar dominance, US Treasury demand: BoE official
A Bank of England policy maker said digital dollars could expand access to the US currency while turning stablecoin issuers into bigger buyers of government…