Crypto

The White House pushed back against the Senate Democrats' rejection of the latest version of the CLARITY Act, with ethics remaining a major sticking point. The clash comes despite President Donald Trump’s decision this week to accept new ethics limits, reflecting how far apart negotiators remain as lawmakers try to advance sweeping crypto market legislation. […] The post White House pushes back as key Democrats rejects CLARITY Act’s crypto ethics appeared first on CryptoSlate.

The framework, developed with Superstate, Securitize and Dowgo, lets regulated funds and securities trade on Uniswap while enforcing compliance rules necessary for institutions.

"History might not repeat itself, but it sure does rhyme," one popular analyst stated.

The Goldman Sachs CEO said the crypto market structure bill would create a more stable regulatory framework, breaking with other major bank leaders who oppose key stablecoin provisions.

Are the fears of an AI driven hacking epidemic totally overblown, or is this just the lull before the storm? A wave of high profile crypto hacks in April that many suspected had been orchestrated using sophisticated AI tools to identify smart contract exploits, led to fears that every DeFi protocol was suddenly at risk. In May, Manuel Aráoz, founder of the blockchain security platform OpenZeppelin, declared “all of DeFi unsafe” following $630 million in crypto losses from exploits in April. But even as the industry braced for the scenario of DeFi protocols falling like dominoes to agentic AI, the stream of attacks seemed to ebb. That led Dragonfly managing partner Haseeb Qureshi to declare recently that fears of a DeFi “hackpocalypse” were a “false alarm.” He pointed out that even including April’s big hacks, the year to date has seen “a lower rate of hacked $ per month” and that the “median hack size by year is also declining.” So who’s right? Are the fears of an AI driven hacking epidemic totally overblown,...

The partnership expands Binance’s compliance efforts by providing intelligence and training to help detect cryptocurrency activity tied to human trafficking and child exploitation. [Update 16:00 UTC, July 23: Adds Chainalysis data in penultimate paragraph.] Binance has partnered with nonprofit STOP THE TRAFFIK to bolster its ability to identify and investigate cryptocurrency activity linked to human trafficking and child exploitation. The crypto exchange said Thursday that it will receive specialized intelligence, training and insights from the UK group’s Centre for Intelligence-Led Prevention to help identify emerging criminal typologies and strengthen investigations into illicit activity linked to human trafficking.  Read more

Senate Democrats refuse to back the revised CLARITY Act, saying DOJ-only ethics enforcement is 'unserious' as Thune eyes a floor vote before August recess. The post Crypto Bill Stalls as Democrats Reject DOJ-Only Ethics Enforcement appeared first on Cryptonews.

Active use of tokenized real-world assets in DeFi has returned to about $3.77 billion, close to the level visible before an April 18 exploit triggered a $13 billion decline across DeFi as a whole in 48 hours. DefiLlama's tracking puts that recovery at roughly 95 days from the shock to July 22. The failure consisted […] The post Latest $3.8 billion RWA recovery shows how quickly DeFi absorbed the KelpDAO shock appeared first on CryptoSlate.

A consortium led by Strategy and BlackRock has pledged $15 million to secure the Bitcoin network from the threat of a quantum computing breakthrough. Michael Saylor’s Strategy announced the launch of the Bitcoin Security Consortium, a group of financial institutions and Bitcoin companies supporting the long-term quantum security of the Bitcoin network. The consortium pledged an aggregate $15 million over the next three years to support developers securing the Bitcoin network against the threat of a quantum computing breakthrough, Strategy announced in a Thursday press release. Other founding members include Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets and Galaxy. The consortium’s day-to-day work will be coordinated by Mike Schmidt, who serves in a volunteer capacity and is the executive director of Brink, a non-profit that supports Bitcoin open-source developers. Read more

The fact that lawmakers are even contemplating a bill that would create a surveillance and censorship regime should be a wake-up call for everyone who values privacy and free expression, argues Electronic Frontier Foundation's India McKinney.

Members will direct funding independently, with the consortium taking no role in Bitcoin governance or protocol decisions.

The EU can now ban crypto trades to entire nations for being in breach of Russian sanctions, and 11 crypto platforms have been targeted by the new measures.

Once-fragmented syndicates have fused into a single, tech-driven criminal economy that increasingly runs on crypto, the UNODC warns.

Crypto exchange Bitget said it was registered as a financial service provider with New Zealand’s financial regulator, enabling it to expand its services in the country. Cryptocurrency exchange Bitget said it is now registered as a financial services provider on New Zealand’s Financial Services Providers Register (FSPR). The registration enables the platform to offer services including foreign currency exchange, domestic and cross-border money transfers, client asset custody, portfolio and money management in the country, Bitget said in a statement on Thursday. The FSPR’s registry did not show Bitget’s registration at the time of writing. Read more

XRP’s recovery above $1.16 this week has coincided with a shift in the token’s supply picture, as large holders move fewer coins onto exchanges while US-listed exchange-traded funds continue to attract fresh capital. The retreat in exchange-bound supply follows weeks of consolidation around $1, when weaker prices and limited spot demand kept XRP from sustaining […] The post XRP’s $1.16 recovery gets support from whales and a $285 million ETF streak appeared first on CryptoSlate.

At least that's what Bitwise's CIO believes. Plus Republicans publish new Clarity Act draft, and the SEC Commissioner has a warning for DeFi.

BitMEX’s BMEX token plunged about 90% after the exchange announced plans to shut down, ending nearly 12 years in business as its Bitcoin futures market share shrank. [Update, 15:18 UTC, July 23 - Adds comment from cofounder beginning in sixth paragraph.] BitMEX’s utility token lost almost all of its value after the exchange announced Thursday it would wind down operations. The BitMEX (BMEX) token plunged 90% to as low as $0.002 from $0.06, according to CoinGecko data. It traded at $0.0063 at the time of writing. Read more

The sovereign wealth-backed asset manager tapped KAIO to bring one of its private market funds onchain across Base, Solana and Sui networks.

France’s regulator has said the platform still promoted illegal gambling and cited loss, identity-check and market-manipulation risks.

Bernstein analysts remain bullish on the Bitcoin mining sector, as deals with third-party providers will be necessary to address the computing power limits of AI data centers. Bernstein said that it remains overweight on the Bitcoin mining sector, citing the growing partnerships between Bitcoin mining companies that are necessary to address the power constraints of artificial intelligence (AI) data centers. The investment manager’s Bitcoin mining industry deal tracker registered a new AI-related deal every week in July, with combined deals standing at more than 7.5 gigawatts or the contracted equivalent of $150 billion in multi-year contracts, according to a Thursday research note shared with Cointelegraph.  The analysts said that third-party computing capacity from Bitcoin miners will remain highly valuable as access to power remains the AI industry’s real bottleneck amid growing political pushback against building new US data centers. Read more