Senate Republicans reject Democrats’ CLARITY Act counteroffer as the 60-vote threshold remains uncertain before Tuesday’s Senate vote. Senate Republicans rejected Democrats’ latest CLARITY Act counteroffer before Tuesday’s 2:15 p.m. ET cloture vote. The bill must get 60 votes to pass, and its fate is still up in the air. Senate...
CLARITY Act Odds Just Spiked, and Bitcoin Already Felt It
The CLARITY Act odds jumped to 43% on Kalshi hours after Trump agreed to new ethics rules, and Bitcoin bounced off support the same night before Tuesday. Bitcoin had been sitting in almost the exact same spot for the better part of three weeks, going nowhere in particular, when it...
South Korea Investors Push for Two-Year Delay to Crypto Tax
South Korean investors secured 50,000 signatures to seek a two-year crypto tax delay. The planned crypto tax would impose a combined 22% rate on qualifying gains. The National Assembly review does not automatically delay the January 2027 rollout. South Korean crypto investors have secured more than 50,000 signatures for a...
S&P Global Leads Strategic Investment in Kaiko, Extending Series B to $110M
Key Insights S&P Global led Kaiko’s Series B extension to $110M, joined by major banks, exchanges, and digital asset investors. Kaiko’s investors will join a working group focused on data standards and infrastructure for tokenized markets. Kaiko is expanding through Cometh and Amberdata while building regulated data services for institutional...
18 State AGs Oppose CLARITY Act Ahead of Senate Vote
18 state attorneys general oppose the CLARITY Act, warning its federal framework could change state authority over crypto markets. New York Attorney General Letitia James led 17 other state attorneys general against the current CLARITY Act. The bipartisan group called on Congress to rethink provisions that impact state regulation of...
Thailand SEC Proposes $151K Daily Cap on Stablecoin Transfers
Thailand’s SEC proposes a $151K daily cap on external stablecoin transfers. Third-party wallet transfers would face stricter ownership verification rules. Off-platform crypto trades would require minimum values and price disclosures. Thailand’s Securities and Exchange Commission (SEC) has proposed a 5 million baht daily limit on stablecoin transfers involving external wallets....
Chainflip Reports $736K Loss in TRON USDT Exploit
Chainflip lost 736,442 USDT after an attacker exploited its TRON USDT integration, forcing the protocol to pause operations temporarily. Chainflip lost 736,442.17 USDT after an attacker exploited its TRON USDT integration on September 12. The attacker made 6 unauthorized payouts before Chainflip halted the network. Chainflip reported the incident on...
300 GPUs Seized as Mexican Authorities Probe Cartel Crypto Mining
Mexican authorities seized 300 GPUs from a hidden crypto mine linked to cartel funding, exposing a growing illicit mining scheme. Mexican authorities have lately busted a hidden crypto mine deep in the mountains of Puebla. Agents hauled out 300 GPUs, 80 medium-voltage terminals, and eight satellite antennas. The site sat...
STORJ Crashes 34% as Traders Race Upbit’s Delisting Deadline After a Wild 60% Spike
STORJ gave back a 60% spike and is down 34% in a day, hours before Upbit delists it, with Storj Labs still in Chapter 11 bankruptcy court. STORJ traded for six and a half cents on Thursday. By Saturday morning it had printed seven and a half, a level the...
Bitcoin’s CPI-Day Whipsaw Trapped Traders on Both Sides of the Trade
Bitcoin swung more than four grand within hours of the August CPI print, and traders leaning short and long both got liquidated before the dust settled. Bitcoin dropped first; that’s the part nobody remembers now. Then, somehow, it tacked on over four grand in a handful of hours. And then...