Crypto

Opposition to the CLARITY Act widened on Sept. 14 as banks, Democrats, state attorneys general and developer advocates rejected key compromises. The backlash came hours after Senate Republicans released what they described as their final version of the landmark crypto market-structure bill, incorporating 126 substantive changes Democrats requested and new provisions to resolve disputes over […] The post CLARITY Act’s ‘final’ deal is already breaking down before tomorrow’s Senate vote appeared first on CryptoSlate.

Eight banking groups on Monday said they want tighter limits on stablecoin rewards, keeping the ongoing banks-versus-crypto dispute alive in Congress.

Strive’s latest Bitcoin purchase was funded entirely through its SATA preferred stock as the company continues its rapid climb among corporate BTC holders. Strive, a top-five Bitcoin treasury company and asset manager, purchased 469 Bitcoin for about $36.6 million last week, bringing its holdings to 25,000 BTC. According to a Monday filing with the US Securities and Exchange Commission, Strive acquired the Bitcoin between Sept. 8 and Sept. 11 at an average price of $77,954 per BTC, including fees and expenses. The biggest crypto by market cap was last trading at $78,823, according to Coingecko data. Read more

Monad USDT0 displayed a 6.10% APR with roughly $4.4 million unborrowed, showing why yield and withdrawal capacity need separate scrutiny. The post $55 million Aave stablecoin pool sees just $4.4 million available for withdrawals appeared first on CryptoSlate.

Trump’s ethics concession addresses one hurdle for the crypto bill, but 18 state attorneys general say the revised legislation would weaken state oversight. The CLARITY Act is heading for a crucial US Senate procedural vote on Tuesday after President Donald Trump agreed to most of a bipartisan proposal to strengthen ethics restrictions around public officials’ crypto interests, according to various reports. However, the latest compromise hasn’t resolved all of the opposition, with a bipartisan group of state attorneys general now urging senators to reject the bill over concerns that it would weaken state oversight of the crypto industry. A coalition of 18 state attorneys general, led by New York Attorney General Letitia James, argued in a letter to Senate Banking committee leaders that the CLARITY Act would make it harder for states to take action against crypto companies accused of fraud or other misconduct. Read more

AI CEOs want the industry to pump the brakes on capability gains. Nvidia, Intel, and AMD didn't like the sound of that. Bitcoin didn't seem to mind.

Ethics and banking concessions have improved the crypto bill’s prospects, analysts say, but Democratic support remains uncertain.

"This could mark the beginning of the next leg higher," Martinez said.

Coinbase's September workshop shows signature choices and operational migration must advance together across exchanges, wallets and key-management systems. The post Bitcoin exchanges can reduce quantum exposure before a network upgrade appeared first on CryptoSlate.

The investment brings together major financial institutions as Kaiko expands its data infrastructure for tokenized securities and onchain financial markets. S&P Global has led a strategic investment in Kaiko, extending the Paris-based crypto market data provider’s Series B funding to $110 million as it expands its data infrastructure for tokenized financial markets. The round also included BNP Paribas, Bpifrance, Broadridge, Canton Foundation, Coinbase Ventures, DRW Venture Capital, Nasdaq Ventures, Royal Bank of Canada, Stellar and Susquehanna Private Equity Investments. Kaiko said the funding will support its core digital asset market data business and its push into onchain financial infrastructure, including data services for tokenized Treasury bills, money market funds, equities and bonds. Read more

The purchase brings the company closer to its goal of owning 5% of Ethereum’s supply, with most of its tokens earning staking rewards.

The state AGs said they were concerned the crypto legislation might restrict their ability to bring securities and commodities cases tied to online scams.

Bitmine now has more than 5 million ETH staked, turning most of its Ether holdings into a recurring income stream as it continues to accumulate. Bitmine Immersion Technologies added to its Ether holdings last week while projecting hundreds of millions of dollars in annual staking revenue, highlighting how its massive ETH treasury could generate income even during volatile market conditions. In a Monday announcement, Bitmine said it acquired 27,180 ETH last week, bringing its holdings to more than 5.95 million ETH, worth roughly $15.4 billion and representing about 4.9% of Ether’s circulating supply. Including cash and other crypto assets, Bitmine reported total holdings of approximately $15.8 billion. Bitmine said more than 5.06 million ETH is now staked, generating an estimated $334 million in annualized staking revenue at current rates. Read more

Senate Republicans rewrote key parts of the CLARITY Act as they made a final push for Democratic votes Tuesday. “This text is truly bipartisan and includes more than 120 of Democrats’ demands,” Sen. Cynthia Lummis said Monday as she, Senate Banking Committee Chairman Tim Scott and Senate Agriculture Committee Chairman John Boozman released the final […] The post Here’s what’s new in the final CLARITY Act before Tuesday’s Senate vote appeared first on CryptoSlate.

"The structural dynamics of the CLARITY Act favor ETH for sharper upside potential," Google's Gemini stated.

The Bitcoin treasury firm slowed its preferred-stock buyback from last week's $176 million pace and left its 845,050 BTC untouched, per a Monday SEC filing.

Republicans' "last, best and final offer" wins Trump's backing on stronger ethics rules and concedes on DeFi and stablecoin sticking points, but it's unclear if enough Democrats will cross over Tuesday.

AI’s biggest labs are suddenly calling for a slower pace of development. Is it because AI risks are catching up with the technology, or because the economics of the race are getting harder to justify? For years, the defining characteristic of the artificial intelligence race has been speed. Build a bigger model. Spend more on compute. Release it. Rinse and repeat, with litte regard for the unknown unknowns. The average “p/doom” (probability of AI eventually going catastrophically wrong) among AI researchers was estimated to be between 15% and 20% in 2024. Read more

Kalshi and Polymarket bettors sharply raised the chances of U.S. crypto market structure legislation advancing, with Tuesday's Senate vote the next test.

September 11 data show demand for both ETHA and ETHB, with a wide trading gap but similar median spreads. The post BlackRock’s staking Ethereum ETF pays yield but investors still prefer its $9 billion ETHA fund appeared first on CryptoSlate.