Crypto

Batch V1.1 would let users bundle up to eight linked transactions into one operation, with 27 of 35 trusted validators now backing the change.

From July 20 to Sept. 13, STRC repurchases absorbed about $2.57 for every $1 Strategy spent buying Bitcoin. The post Strategy prioritizes $950 million STRC buyback over expanding its Bitcoin treasury appeared first on CryptoSlate.

Banking groups also said the GOP’s final text leaves stablecoin reward loopholes, while tribal gaming interests warn that its prediction market provisions threaten tribal sovereignty. Odds of the CLARITY Act becoming law this year on Polymarket fell sharply again on Monday after spiking the day before, as key Senate Democrats reportedly said they had not been swayed by Republicans’ “final” crypto bill proposal.   Polymarket traders initially saw a newly revised Republican proposal with expanded ethics provisions as a positive sign, sending the odds to 35%. However, their confidence was dashed as reservations about the revised text began mounting, with the odds falling back as low as 16% on Monday.  US Senator Mark Warner, one of the Democrats involved in negotiations, reportedly said the revised ethics provision was not “near enough,” while Democrats involved in negotiations began preparing a counterproposal on Monday.  Read more

Prosecutors have filed a civil forfeiture complaint against what they call Iran's illegal crypto proceeds that are used to fund its military.

Attackers who exploited a fake government request to access Revolut customer records have made their first move.

Transaction V1 raises Solana’s limit to 4,096 bytes from 1,232, giving developers more room for multi-step trades, company-wallet approvals and privacy proofs.

CoinEx said falling trading volumes and liquidity, along with rising regulatory and compliance costs, had exceeded “reasonable boundaries,” with withdrawals remaining open until Dec. 22. Crypto exchange CoinEx said it is winding down operations, citing a prolonged crypto market downturn, sinking trading volumes and liquidity, and rising regulatory and compliance costs, according to an announcement on Tuesday. As part of the wind-down, CoinEx will halt new user registrations, referral commissions and other rewards. Futures contracts will enter a “Reduce-Only” mode. CoinEx will also stop accepting new orders or subscriptions across its fiat, margin trading, lending, earn, staking and strategic trading services. “After much reflection, I have come to accept a hard truth. CoinEx did not become one of the industry’s leading exchanges, and the security and compliance risks of running a crypto exchange have become increasingly difficult to contain,” CoinEx CEO Haipo Yang said in a post on X. Read more

Democratic Senators were said to be meeting late Monday to discuss the latest proposed draft text.

Bitcoin remains relatively resilient despite technology stock weakness, while Ethereum continues to attract institutional money through strong ETF inflows.

Balancer cut costs and shipped new products after restructuring, but Marcus Hardt says v3 failed to replace legacy revenue as November’s $128 million exploit continued to weigh on adoption. Balancer, a decentralized exchange and automated market maker, has proposed winding down the protocol after its post-exploit restructuring failed to generate enough revenue, with its leader saying he underestimated how much a $128 million exploit in November would continue to weigh on adoption.  The proposal was authored by Balancer Labs CEO Marcus Hardt and published on the Balancer governance forum on Monday. It calls for an orderly wind-down of the protocol and the distribution of its remaining treasury, currently worth more than $9 million, to BAL tokenholders. The proposal comes after Balancer Labs shut down in March, when executives opted to continue operating the protocol under a leaner structure. Hardt said Monday that while the restructuring succeeded in cutting costs and delivering the products promised to tokenh...

The House Ways and Means Committee published a crypto tax bill addressing de minimis transactions, staking and other issues for which the industry's clamored for policies.

Bitcoin pulls back from $79,000 as the Senate prepares to vote on the Clarity Act and oil prices rise.

Ethereum and Coinbase-backed layer-2 network Base have abandoned an effort to agree on how the next generation of crypto wallets should work. On Sept. 14, Ethlabs researcher Derek Chiang said collaboration between developers working on Ethereum’s EIP-8141 Frame Transactions and Base’s EIP-8130 broke down last week after attempts to produce a shared account-abstraction standard failed to […] The post Coinbase-backed Base just exposed the uncomfortable truth about Ethereum’s L2s appeared first on CryptoSlate.

Lido’s ePBS debate exposes costs that could favor trusted payments, while relay auctions may still help builders compete. The post Ethereum builders face a choice between locking up too much cash or relying on trusted brokers appeared first on CryptoSlate.

Some Democrats remain dissatisfied with the bill’s crypto ethics provisions and will be sending a counterproposal just hours before a key procedural vote. Senate Democrats working on the crypto market structure bill are reportedly preparing a counterproposal to the Republicans’ latest revised CLARITY Act text, despite GOP lawmakers describing it as their “last, best and final offer” to Democrats when they released it Sunday.  Democrats working on the bill met in Senate Minority Leader Chuck Schumer’s office on Monday, according to Politico. It is understood that some Democrats remain unsatisfied with crypto ethics language in the latest bill text.  “The Democrats who’ve been working on this in good faith are sending a counterproposal,” Senator Mark Warner told Politico as he exited the meeting. Read more

Pending sponsorship rules could shift reserves and fees to businesses, whose ability to release capital would depend on user funding and exit rules. The post A new XRPL upgrade could concentrate XRP ownership inside banks instead of retail wallets appeared first on CryptoSlate.

The Clarity Act could give banks, brokers and asset managers a clearer rulebook, but financial firms have already moved far enough into digital assets that failure may slow adoption rather than stop it.

The SEC chair said crypto issuance, transfer agent modernization and custody will form the backbone of the agency’s regulatory push.

Ahead of the planned Sept. 16 launch, institutional validators offer ledger accountability without a blanket guarantee for applications or losses. The post Circle’s Arc launch ties Wall Street firms to the network without making them its safety net appeared first on CryptoSlate.

One of the top crypto market structure negotiators in Washington says she's run out of gas on new revisions for the bill she's worked on for more than five years.