befla

CLARITY Act needs 11 more Senate votes, but 4 of the 49 it already has want the bill changed

by
CLARITY Act needs 11 more Senate votes, but 4 of the 49 it already has want the bill changed
Four Republican senators who voted to advance the CLARITY Act on Sept. 15 also appear as named supporters on a bank-backed amendment seeking tougher restrictions on stablecoin yield. As Punchbowl News reported on Sept. 21, John Cornyn, John Curtis, Cindy Hyde-Smith, and Lisa Murkowski all voted “Yes” on the procedural motion, which fell short 49-50. … Read more

Crypto firms put $206 million behind the midterms: here’s who their political machine is backing

by
Crypto firms put $206 million behind the midterms: here’s who their political machine is backing
Crypto corporations contributed $206 million to super PACs and hybrid PACs through the second quarter of 2026, according to Public Citizen’s Aug. 27 analysis of FEC records. That makes the industry the largest disclosed corporate donor sector tracked in this midterm cycle. Yet that figure doesn’t capture how much of the amount has reached a … Read more

Stand With Crypto’s 4 million registered advocates couldn’t get the CLARITY Act through the Senate

by
Stand With Crypto’s 4 million registered advocates couldn’t get the CLARITY Act through the Senate
The Senate fell short of advancing the CLARITY Act on Sept. 15, when a 49-50 cloture vote failed to reach the 60-vote threshold. Six days later, Coinbase CEO Brian Armstrong said Stand With Crypto had surpassed four million members. Armstrong wrote in a post that “the 2024 election proved the importance of the crypto voter,” adding … Read more

Bitcoin shattered $80,000 after a $148 billion US liquidity shock failed to break markets

by
Bitcoin shattered $80,000 after a $148 billion US liquidity shock failed to break markets
Bitcoin climbed above $80,000 after a $148 billion US Treasury cash build failed to destabilize overnight funding markets. The Treasury General Account rose by $148.003 billion through Sept. 16 to $991.708 billion, Federal Reserve data showed, as tax payments shifted cash into the government’s account at the central bank. Deposits held by commercial banks at … Read more

This blockchain just voted to shut itself down for a Solana-powered AI pivot

by
This blockchain just voted to shut itself down for a Solana-powered AI pivot
ZetaChain’s on-chain governance has approved retiring the network’s standalone blockchain and moving ZETA to Solana as the project pivots toward private AI. Proposal 68 passed after voting ended Sept. 20, with about 99.44% of ballots supporting the plan. The on-chain tally showed 263.65 million ZETA voting in favor, 744,658 voting against, and 752,300 abstaining, giving … Read more

Bitcoin hits $85,000 after $648M wipeout forces mass buying

by
Bitcoin hits $85,000 after $648M wipeout forces mass buying
Bitcoin surged above $85,000 as a wave of short liquidations accelerated the cryptocurrency’s strongest advance since January. Data from CryptoSlate showed BTC gained more than 5% over the past 24 hours to reach $85,193, extending its advance over the past 35 days to about 29%. The asset had eased to $84,545 as of press time … Read more

Strategy and Strive buy $183 million in Bitcoin as $85,000 rally revives treasury trade

by
Strategy and Strive buy $183 million in Bitcoin as $85,000 rally revives treasury trade
Bitcoin treasury companies Strategy and Strive bought about $183 million of BTC last week as the cryptocurrency’s rebound helped corporate balance sheets recover losses. Strategy Inc., the largest corporate holder of Bitcoin, acquired 950 BTC for $75.7 million between Sept. 14 and Sept. 20 at an average price of $79,670, according to a regulatory filing … Read more

Why Balancer’s $1.4M hack recovery won’t pay LPs anytime soon

by
Why Balancer’s $1.4M hack recovery won’t pay LPs anytime soon
The Balancer V1 recovery proposal would divide 296.401711 ETH returned after an Aug. 31 exploit among liquidity providers in 120 legacy pools, but it does not yet show what any address could claim. The proposal says tokens worth about $1.39 million at attack-time prices were drained from the pools. It lists five ETH returns to … Read more