Grayscale Says US Crypto Rules Can Advance Without CLARITY Act

Key TakeawaysGrayscale says crypto policy can advance without CLARITY becoming law.Stablecoin legislation has passed, while SEC fundraising rules remain proposed.Congress would provide a durable division of SEC and CFTC authority.  Grayscale Sees Regulatory Progress Beyond CLARITY  Crypto businesses could gain clearer fundraising and trading rules even if Congress fails to pass comprehensive market legislation this year. Grayscale Head of Research Zach Pandl outlined that assessment in a Sept. 10 analysis, pointing to developments affecting stablecoins, token issuance, tokenized securities, and perpetual futures. The crypto asset manager views those initiatives as progress independent of the CLARITY Acts fate.  According to Grayscale:  “CLARITY is no longer the only source of regulatory direction. The US framework is becoming clearer across stablecoins, token issuance, tokenized securities, and perpetual futures even without the CLARITY Act.”  The bills immediate hurdle is a Sept. 15 cloture vote on the motion to proceed, a procedural step requiring 60 votes rather than a decision on final passage. Grayscale argues that an unsuccessful vote would narrow the opportunity for enactment this year, while leaving lawmakers the option of revisiting the measure during the post-election session.  “CLARITY remains important because only Congress can establish a comprehensive and durable division of SEC and CFTC authority. But failure in

09-13Industry

Uniswap Launches StablePair Hook For Stable Pairs

Uniswap Labs launched StablePair Hook on September 10, a dynamic-fee hook for stable pairs on Uniswap v4 that goes live with two pools on Ethereum mainnet: USDC/USDG and USDC/USDT. The launch targets one of decentralized finances busiest corners, with the company saying stablecoin-to-stablecoin swaps reached $43.4 billion in the second quarter, more than the next three onchain venues combined, according to its announcement. The hook is the first upgradeable dynamic-fee design from Uniswap Labs, built to give liquidity providers a bigger share of the value they create.  A Dynamic Fee That Follows Price Drift  Stable pairs trade around a known rate, so most of their value sits in bringing the price back to parity. A static fee hands that spread to arbitrage bots, Uniswap Labs wrote: set the fee too low and they keep the spread, set it too high and the pool prices itself out. StablePair Hook replaces the fixed fee with one that measures how far a pool has drifted from a reference rate and adjusts on every swap. Inside a tight band the fee moves to quote a fixed bid-ask spread; once the price drifts outside it, swaps that push it further away pay no fee, while corrections run

09-13Industry

Nike Price Forecast: Can NKE Recover After Becoming the Dows Worst Stock?

Nike stock has fallen into one of its deepest downturns in years, with NKE dropping roughly 40% in 2026 and becoming the worst-performing stock in the Dow Jones Industrial Average. Shares closed Friday at $38.40, leaving the sportswear giant with a market capitalization of just $56.97 billion, down sharply from roughly $264 billion at the end of 2021.  The selloff has created an unusual setup for the Nike price prediction. Wall Streets average 12-month target stands near $50.46, implying approximately 31% upside despite an overall Neutral consensus.  At the same time, JPMorgan and Truist have recently lowered their expectations, Nike is preparing to leave the S&P 100, and weakness in China and direct-to-consumer sales continues to complicate CEO Elliott Hills turnaround.  Nike Stock Price Year-to-Date 2026. Source: Google FinanceNike Stock Is Cheap, but Wall Street Remains Cautious  Nikes 40% decline has dramatically changed its valuation. The stock now trades at roughly 18 times trailing earnings, compared with approximately 31 times in fiscal 2022. Its price-to-sales multiple has contracted even more sharply, falling from around 4.0 to approximately 1.2.  Those multiples make NKE look inexpensive compared with its own recent history. The problem is that a lower valuation does not necessarily mean the stock has reached

09-13Industry

Cascade Shuts Down After Five Years, Urges Users to Claim

Cascade has shut down after five years, urging users to withdraw any remaining funds from its trading platform.  The former Perennial announced the closure on X and directed users to Equilibria‘s claim portal for outstanding balances. The move ends Cascade’s 24/7 trading service for crypto, commodities and tokenized assets.  Over the last 5 years, Cascade (formerly Perennial) set out to build the next generation of the modern brokerage experience: a unified platform for global markets, built around 24/7 access and limitless accessibility.  Today, were disappointed to announce that Cascade is…  — Cascade (@cascade_xyz) September 12, 2026  Cascade Ends Brokerage Operations  Cascade built its platform around 24/7 trading in crypto, commodities and tokenized assets. The company raised $15 million in 2025 from investors including Polychain, Variant and Coinbase Ventures.  The platform also faced a security incident before the shutdown. In July, attackers manipulated prices in thinly traded markets linked to Cascades CLS vault, draining about $1.3 million in USDC.  Yesterday afternoon, Cascade detected a security exploit affecting our CLS vault, resulting in the loss of $1.3M in user funds. All trading and withdrawals were paused accordingly.  This is what we know:  1. On thin liquidity markets, most of the orderbook orders were created by…  — Cascade (@cascade_xyz) July 16, 2026  Cascade halted trading

09-13Industry

Zcash Mining Revenue Beats Bitcoin, but Competition Is Rising

Zcash mining revenue is about 2x higher per machine.Revenue per MWh is roughly 4x Bitcoins.Zcash mining activity has increased more than 2.5x in 2026.Rising computing power is already squeezing individual miners.  Zcash has become unusually lucrative for miners after ZECs price surge, with Grayscale Research estimating substantially higher revenue per machine and unit of electricity than Bitcoin, although rapidly rising network competition is already testing how long that advantage can last.  Zcash beats Bitcoin at the machine level  Bitcoin remains the much larger mining economy.  Its miners collectively generate roughly $35 million in daily revenue, compared with about $2 million across the Zcash network,according to Grayscale Research.  The comparison changes when revenue is measured at the level of an individual machine or its electricity consumption:Revenue per machine:Zcash is roughly 2x higher than Bitcoin.Revenue per MWh:Zcash generates about 4x Bitcoins revenue.Network mining activity:Zcash has increased more than 2.5x since the start of 2026.Daily network revenue:Zcash generates about $2 million versus Bitcoins $35 million.  Grayscale Research Director Zach Pandl attributes much of the difference to ZEC‘s strong price performance. A higher token price raises the dollar value of the block rewards miners receive even before anything changes in the network’s underlying reward schedule.  The result has been a powerful

09-13Industry

13.6K BTC flush resets leverage – But Bitcoins rally to $82k has THIS hurdle

The probability that the Federal target rate could be bumped up by 25 bps to 375-400 bps was increasing by the day. The FedWatch tool showed a probability of a rate hike at 87.3%.  This meant that the chances of a bearish Bitcoin [BTC] price reaction are also higher. In a CryptoQuant analysis, XWIN Japan pointed out that BTC was between persistent, long-term buyers and short-term caution.  The short-term trends could flip bearishly for Bitcoin once again, especially if the caution is given reason to blossom into panic.  Bitcoin retraces into key demand zone at $76k  Fridays U.S. CPI report introduced high short-term volatility and $685.5 million in liquidations across the crypto market for the day. The past four trading days have seen outflows from Bitcoin spot ETFs.  Source: CryptoQuant  Binance BTC reserves were at a 2-year high, and the Coinbase Premium Index has slipped into negative territory again. For a brief while towards the end of August, and again at the start of September, an uptick in U.S.-based investor demand seemed to signal market confidence.  Despite the doubt introduced among long-term holders, Bitcoin was steadily climbing towards the key $82k resistance, and this signal gave bulls some hope.  Increasing odds of a rate hike, with the CPI

09-13Industry

Zcash Mining Highly Profitable: Grayscale Says Rewards Beat Bitcoin 2x

Key TakeawaysGrayscale estimates Zcash rewards at twice Bitcoins daily rewards per rig.Zcash mining activity has increased more than 2.5 times this year.Electricity, equipment, and operating costs shape actual miner profits.  Grayscale Details Zcashs Mining Advantage  Zcash miners can earn roughly twice the daily rewards per machine compared with Bitcoin miners under Grayscale‘s latest estimates. Grayscale Head of Research Zach Pandl outlined the comparison in a Sept. 11 analysis, linking stronger token prices to higher mining rewards. The crypto asset manager estimates that Zcash’s advantage reaches roughly four times Bitcoins rewards per megawatt-hour of electricity.  Pandl said:  “At current valuations, Zcash mining can be highly profitable. This is encouraging more mining activity which in turn supports network security.”  Both networks use proof-of-work mining, a process in which specialized computers compete to earn rewards and add blocks of transactions. Grayscale argues that higher Zcash prices encourage more computing power to join the network, strengthening its security. The firm suggests that this improvement may help sustain higher prices, describing a potential reinforcing relationship. Zcash mining activity has grown to more than 2.5 times its level at the start of the year, according to Grayscale.  Electricity and Equipment Shape Mining Returns  Grayscale‘s comparison uses the Bitmain S23 Hydro for Bitcoin and

09-13Industry

UniCredit Weighs Crypto Custody and Brokerage, Hunts for a Technology Provider

UniCredit has already tested the market through a Bitcoin-linked certificate and Italys first public-blockchain tokenized minibond   UniCredit is exploring an expansion into digital assets that would add crypto custody and brokerage, and has started selecting a technology provider to hold the assets and handle client transactions, Bloomberg reported, citing people familiar with the matter.  As per the report, the discussions are early, and no final decision has been made. Areas under consideration include custody and brokerage, tokenized investment products and fixed-income securities, and stablecoin applications for clients. UniCredit has not disclosed which providers it is weighing, how much it might spend, or when it would choose one.  Any crypto services would fall under the EUs Markets in Crypto-Assets regulation, whose grace period ended on July 1. MiCA requires crypto-asset service providers to hold a license and lets authorized firms passport custody and trading across the 30-country European Economic Area.  Building on Earlier Crypto Moves  Selecting an outside technology provider is the path other large banks have taken into crypto custody. Deutsche Bank tapped Swiss firm Taurus for digital asset custody and tokenization after what the vendor called a detailed selection and due diligence process.  UniCredit has already put crypto products in front of clients. The

09-13Industry

An IVF Company Bought 146,432 XRP Last Year, Then Sold It All

Key TakeawaysNewgenivfs Form F-1/A, filed Sept. 10, 2026, discloses SOL, BTC, ETH and XRP trading during 2025.The XRP round trip produced $10,849 of the companys $942,915 in total realized crypto gains.Only 13,000.23 SOL remained at year-end, carrying a $1.28 million unrealized loss.  What The SEC Filings Actually Say  Buried in an amended registration statement from a fertility clinic operator with units in Cambodia and Kyrgyzstan is one of the stranger corporate crypto disclosures of the year.  Newgenivf Group Limited, which trades on the Nasdaq Capital Market as NIVF, filed Amendment No. 2 to its Form F-1 on Sept. 10. Note 8 of the financial statements, headed digital assets, states:  “[During the year ended Dec. 31, 2025] the company began investing excess treasury balances in certain digital assets, comprising solana (”SOL“), bitcoin (”BTC“), ethereum (”ETH“), and a the token native to the XRP Ledger (”XRP“), all of which are blockchain-based crypto assets, as part of its capital allocation strategy.”  The companys disclosures made sure to add that its primary business was “in-vitro fertilization (”IVF“) services,” and that the digital asset activity was “not part of its core operating activities.”  Discover more  FINANCE  Brokerages & Day Trading  Financial Markets News  Moreover, the documents added that the firm did not mine, stake/lend, bought/sold

09-13Industry

Thailand‘s stablecoin proposal would block transfers to other people’s wallets

Thailands Securities and Exchange Commission has proposed a same-owner requirement for stablecoin transfers that would sharply narrow how customers can move tokens such as USDT through licensed crypto firms. The measure remains at the consultation stage and is not yet an operative rule.  Under the SEC Board-approved Sept. 3 consultation principles, stablecoins entering a customer account at a digital asset operator would have to come from an account or wallet verified as belonging to that customer. Withdrawals would likewise have to go to an account or wallet verified as the customers own.  The consequence is explicit: a stablecoin deposit from another person‘s account, or a withdrawal to another person’s account, would be prohibited.  Related Asset Tether USDT · Stablecoin  How the proposed ownership gate would work  As drafted, the restriction would stop a customer from using a Thai SEC-supervised platform to receive a transfer from someone else‘s wallet or to send stablecoins to another person’s wallet. Its reach is limited to transfers conducted through supervised digital asset operators, rather than peer-to-peer transfers that take place entirely outside those firms.  The proposal would also require stablecoin transfer values to be consistent with a customers income source and financial position. Inbound and outbound transfers would each be capped

09-13Industry
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