CLARITY Act Likely To Fail in September. Will Crypto Prices React?
The US Senate plans a September vote on the CLARITY Act despite lacking sufficient support to advance the crypto market structure bill. Senate Majority Leader John Thune intends to file cloture before the August recess.
Read full story →TradFi perps volume surges 117-fold to $387B in 18 months as crypto exchanges eat Wall Street’s lunch
Traditional finance perpetual futures volume on crypto exchanges increased 117-fold to $387 billion over 18 months. This growth reflects traders' migration toward decentralized exchanges offering round-the-clock trading of traditional assets.
Bitcoin miners sell 28,000 BTC worth $2B amid rising costs
Bitcoin miners sold 28,000 BTC valued at approximately $2 billion as operational costs increased. This selling activity reflects a broader strategic shift toward artificial intelligence and data center operations.
Tether Announces Audit by KPMG, Reports Positive Opinion from Auditor
KPMG US issued a positive audit opinion on Tether following a complete review of the company's financial reserves. This addresses long-standing questions about whether sufficient assets back the USDT stablecoin, the leading digital asset in the stablecoin sector.