24/7 Blockchain industry dynamics and breaking crypto news
Coinbase's Chief Policy Officer announced significant progress on the CLARITY Act, stating that ethical and nomination hurdles are resolved and a substantive bipartisan bill is ready. He expressed confidence that the legislative process can now advance, marking a crucial step forward for U.S. crypto regulation.
Read MoreBitcoin mining difficulty has dropped to 126.23T, marking a rare year-on-year decrease for only the second time in history. Driven by low BTC prices, squeezed revenues, and computing power shifting to AI, the mining industry faces continued pressure despite reduced competition.
Read MoreA leading Bitcoin mining CEO suggests Bitcoin has missed its chance as a payment tool due to price volatility. He believes stablecoins are better suited for commercial transactions, while Bitcoin remains valuable as a decentralized store of value.
Read MoreThe SEC has suspended and will reconsider its approval of Nasdaq's cash-settled Bitcoin index options following a legal challenge from CME. The suspension lasts until August 24 for public comment. The dispute centers on whether Bitcoin options fall under SEC or CFTC jurisdiction.
Read MoreSkyBridge Capital founder Anthony Scaramucci recently commented on the Clarity Act. He views it as an effective compromise that establishes clearer regulatory frameworks to prevent future financial fraud, transcending political divides and reflecting achieved consensus.
Read MoreMicroStrategy's revised capital plan reveals a potential $50 billion Bitcoin sale, a figure quadruple previous estimates. Proceeds would bolster cash reserves, meet dividend obligations, and fund share buybacks. This massive potential liquidation introduces significant uncertainty into the Bitcoin market.
Read MoreWith just 7 days left before the Senate recess, crypto advocates have made 1 million contacts to lawmakers supporting the Clarity Act. Despite backing from Wall Street giants, its passage odds have been downgraded amid unresolved debates over state powers and ethics provisions.
Read MoreSenator Cynthia Lummis urged bipartisan colleagues to pass the CLARITY Act this week, highlighting President Trump's voluntary ethics pledge as the strictest in U.S. history, aiming to advance government transparency reforms.
Read MoreThe former Barclays CEO stated in an interview that the Clarity Act benefits the banking sector, particularly large, successful institutions. He emphasized that major banks currently lead in innovation investment, and the new regulatory clarity will strengthen their competitive edge.
Read MoreOn-chain data reveals a surge in small Bitcoin deposits (under 10 BTC) to exchanges, hitting 7300 BTC on August 2—the highest since February 6. Analysts link this to recent hardware wallet security concerns, suggesting users are moving assets for safety.
Read MoreThe U.S. State Department issued a security alert urging American citizens in the Middle East to consider leaving or prepare for rapid evacuation due to escalating tensions. Reports indicate Washington is considering military action against Iran, while Iran threatens retaliation against nations hosting U.S. bases. The advisory also warns of potential flight cancellations and airspace closures.
Read MoreAccording to MyXmr, Hu Xiaowei, a key figure in the Prince Group, was extradited from Japan to the US on July 29, with the FBI launching an investigation. Hu previously used a Cypriot passport in Japan and was arrested for immigration violations. The case will proceed in the US.
Read MoreUpbit, a leading South Korean crypto exchange, saw a 27.3% drop in trading volume over the past 24 hours. Attention shifted to the KRW market, where the META/KRW pair unexpectedly led with over 11% share, outperforming USDT and BTC.
Read MoreBitquery co-founder Dionysios Karakitsos is accused of siphoning over $5 million from the company and deleting 194 expense records before resigning. The blockchain firm has filed a lawsuit in Manhattan seeking restitution and legal fees.
Read MoreUS Treasury Secretary Besant stated that the department is tracking Iranian assets globally under Trump's orders, claiming sanctions led to Iran's largest private bank collapsing and hyperinflation. The remarks drew widespread skepticism.
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