Crypto

A $42 million prediction-market snapshot puts a 25-basis-point hike just above 50% ahead of the FOMC’s September decision, with Bitcoin in focus. The post FOMC Odds: A $42M Prediction Market Splits the September Fed Outlook appeared first on Cryptonews.

Bitcoin price action weakened over market nerves prior to the Senate CLARITY Act vote, while surging bond yields pressured risk assets across the board. Bitcoin (BTC) saw month-to-date lows at Tuesday’s Wall Street open as global bond yields spiked and crypto markets awaited a key US Senate vote on the CLARITY Act. Key points: Read more

Standard Chartered sees Robinhood Chain as an early sign that tokenization could transform Arbitrum’s economics and drive ARB sharply higher by 2030. Standard Chartered says layer-2 network Arbitrum could emerge as one of the digital asset industry’s top performers through 2030 as traditional financial firms move more assets onchain, giving the network a potentially lucrative revenue source beyond crypto-native activity. In a note shared with Cointelegraph, Geoff Kendrick, Standard Chartered’s global head of digital assets research, said Arbitrum’s economics offer considerable upside because the network receives 10% of the net protocol revenue generated by companies building on it. Robinhood Chain, developed by the online brokerage, is the first major example. According to Kendrick, Robinhood Chain has already materially changed Arbitrum’s economics. At its current run rate, Arbitrum is expected to generate $5 million in revenue in September, more than five times its level before Robinhood Chain launched in J...

As the parties dig in their heels, the market structure bill hasn't yet amassed the votes it would need to clear the first Senate hurdle scheduled for Tuesday.

Ethiopia cut power to Bitcoin mining firms to roughly 23% of contracted supply, exposing the risks of relying on weather-dependent hydropower. The post Climate Change and Crypto: Ethiopia’s 75% Power Cut Tests Bitcoin Mining’s Green Pitch appeared first on Cryptonews.

An MEV bot known as “Yoink” front-ran an attacker attempting to exploit a custom Safe module, capturing the stolen rsETH before Kelp temporarily froze the receiving address. An attacker exploited a custom module connected to an Ethereum Safe wallet in an attempt to extract roughly $7.7 million in rsETH, only to have the funds intercepted by an MEV bot. According to blockchain security firm Blockaid, the attacker used a public keeper multicall to direct a custom Uniswap v4 liquidity module into an attacker-created hooked pool, where aEthrsETH was unwrapped into rsETH. Blockaid identified the affected wallet as a Safe belonging to an unidentified user and said about $7.73 million in rsETH had been lost at the time of its initial report. Read more

A 255,434-block study puts one scanning feed near 8 MB a day while completeness remains unproven. The post Bitcoin’s newest mobile privacy feature can make your incoming money completely invisible appeared first on CryptoSlate.

Democrats are pushing for further concessions as Republicans insist their latest text is their final offer ahead of today’s 60-vote test.

Bitcoin just gave back its entire post-golden-cross rally in one red candle, with a make-or-break Senate vote landing this afternoon and the Fed staring down a rate hike.

XRP’s post-rally cooldown continues to take shape, with the asset struggling to convert its August surge into a renewed impulsive advance. The price remains trapped within a corrective structure, leaving the next breakout as the key signal for determining whether buyers can regain control. Ripple Price Analysis: The Daily Chart On the daily timeframe, XRP […]

IBIT and FBTC supplied most of the rebound while ARKB remained negative, leaving the five-session total in outflow. The post Bitcoin ETF inflows are back, but BlackRock is carrying the market into the Fed meeting appeared first on CryptoSlate.

The 12-month test will put a beta version of the central bank currency through online, mobile, in-store and peer-to-peer payments.

Prediction markets sharply marked down the crypto market structure bill’s near-term prospects as negotiations remained stuck hours before a key Senate vote.

The odds of the Clarity Act passing have fully reversed their recent move, and crypto majors have reversed alongside. Is there any hope left for the bill to pass?

The CLARITY Act is heading toward a critical Senate vote with no clear coalition capable of delivering the 60 votes it needs. Expectations for the landmark crypto market-structure bill deteriorated sharply Tuesday, with Polymarket odds of enactment falling below 20% after reaching about 34% during the previous 24 hours. The reversal coincided with signs that […] The post CLARITY Act chances sink below 20% as Senate’s path to 60 votes narrows appeared first on CryptoSlate.

Bitcoin is entering a potentially decisive macro catalyst with its short-term structure already under pressure. The asset has drifted back toward the lower boundary of its recent consolidation, while the market awaits tomorrow’s FOMC interest-rate decision, an event that could trigger a sharp expansion in volatility as expectations remain heavily skewed toward a rate increase. […]

Two software bugs allowed the attacker to create more than 2,000 times Bitcoin’s maximum supply in unbacked syBTC. Symbiosis puts preliminary losses at 9.97 BTC.

Tether’s USDT stablecoin was part of a failed oil trade that reportedly cost a Polish energy giant $230 million in late 2023. The world’s largest stablecoin by market cap, Tether’s USDt, was reportedly used in a failed Venezuelan oil trade that cost Poland’s largest energy giant $230 million in late 2023, according to the Financial Times. That was after the Caracas-based state oil company, PDVSA, began demanding partial payments in USDT as a workaround to US financial sanctions. The $230 million was an advance payment paid largely in Tether USDt (USDT) in an oil trade orchestrated by Samer Awad, a former executive at Orlen Trading Switzerland (OTS), a trading subsidiary of Poland’s state-controlled energy giant, Orlen, to acquire 6 million barrels of Venezuelan crude oil in November 2023 from state-owned PDVSA, the news outlet reported on Tuesday.  Read more

The bank expects tokenization to make Arbitrum a favored network for traditional finance, even though ARB holders currently have no direct claim on the fees.

Those groups carry nearly three-quarters of realized capital as Binance sees heavy two-way flows before the Senate’s Sept. 15 CLARITY cloture test. The post XRP’s path back to $2 now hinges on whether the Senate passes the CLARITY Act appeared first on CryptoSlate.