24/7 Blockchain industry dynamics and breaking crypto news
According to MyXmr on September 16, Robinhood announced its upcoming support for the Arc network, a Layer 1 network built by Circle. This integration will allow users to directly deposit and withdraw USDC within the supported network, simplifying their crypto asset management.
Read MoreThe US House is advancing two key crypto legislative tracks today. The Ways & Means Committee reviews crypto tax rules, while Financial Services discusses bills including a strategic Bitcoin reserve, signaling ongoing Congressional focus on crypto regulation and integration.
Read MoreOn-chain trading platform GMX has proposed allocating $10 million from its treasury to establish a market-making fund for its native token. The fund will strategically manage GMX's market value and liquidity based on key metrics. Additionally, GMX announced a GT token buyback and an airdrop for GMX stakers, with future plans including cross-collateral models and permissionless markets.
Read MoreBlackRock's Gargi Pal Chaudhuri argues the Fed should hold rates, citing cooling core inflation. She warns the impact of oil prices is overestimated. Investors should focus on Chair Warsh's guidance on future rate thresholds and methodology changes, not just a 25-bp hike.
Read MoreBernstein reports that the US Senate's failure to advance the Clarity Act shifts crypto regulation to the SEC and CFTC. Analysts expect swift rulemaking on token classification, DeFi, and tokenization. The act's failure also preserves existing stablecoin idle balance reward models.
Read MoreCoinbase has added BLUE CHIP and Ritual tokens to its listing roadmap, indicating they are under consideration for potential trading support. This move often signals growing legitimacy and can impact market visibility for emerging crypto projects.
Read MoreDeutsche Bank has launched crypto custody services for institutional clients. Strategy CEO Phong Le notes market and client demand are key drivers pushing traditional banks to adopt digital assets like Bitcoin, marking a pivotal step for European finance.
Read MoreKey developments emerged on September 16th. Stablecoins saw action with Tether's expansion and Circle's token minting. Regulatory winds shifted as the US CLARITY Act stalled and the UK FCA clarified rules. Meanwhile, Bitcoin on-chain activity plunged to record lows, highlighting a market at equilibrium.
Read MoreNew York City Council will hold a public hearing on AI regulation on October 5th, inviting executives from OpenAI and Anthropic. This local legislative action highlights growing governmental scrutiny over AI development and governance.
Read MoreUS retail sales rose a robust 1.2% in August, significantly exceeding forecasts of 0.8% and marking the fastest monthly growth since March. This indicates resilient consumer demand, with the prior month's figure also revised upward.
Read MoreBinance founder CZ recently emphasized viewing market downturns as opportunities rather than risks. This perspective highlights the importance of contrarian thinking in crypto investing and offers fresh insights for navigating market volatility.
Read MoreBinance Wallet now supports the Arc mainnet, enabling cross-chain transfers, token trading, and DeFi access. A limited-time zero-fee promotion offers users a cost-efficient gateway to on-chain activities.
Read MoreMichael Saylor suggests that US regulators like the SEC and CFTC may advance crypto oversight under existing laws without waiting for new legislation, following the stalling of the CLARITY Act. He anticipates expanded bank involvement in Bitcoin custody and lending, with continued capital flow into the crypto sector.
Read MorePayward plans to launch a regulated, on-chain perpetual futures market for U.S. customers using Hyperliquid's HIP-3 architecture, pending approval. This move blends decentralized infrastructure with established regulatory frameworks.
Read MoreBitcoin on-chain activity has plunged to one of its lowest recorded levels, with just 3.8 million BTC moving in the past 180 days. This extreme inactivity suggests selling pressure has significantly diminished, potentially indicating the asset is forming a cyclical bottom.
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