Crypto Industry News & Market Trends

CLARITY Act gets White House push before Sept. 15 vote

White House crypto adviser Patrick Witt said on Aug. 11 that the Trump administration remains committed to getting the CLARITY Act through Congress in September.　　In a post, Witt said the administration is “fully committed to getting the Clarity Act across the finish line in September.” His statement came after Senate Majority Leader John Thune filed cloture on the motion to proceed to H.R. 3633.　　Witt said negotiations with Democrats would continue through the vote. He also blamed Democratic delays for leaving the U.S. behind in digital assets and weakening efforts against crypto crime. That is the administrations position, rather than a settled account of why the bill stalled. A Reuters report found that some Republicans also have concerns involving stablecoin rewards, community bank deposits and money laundering protections.　　CLARITY Act now faces a Sept. 15 procedural test　　The Senate Daily Press schedule says lawmakers return for regular business on Sept. 14. The cloture motion covering H.R. 3633 will then ripen at 2:15 p.m. ET on Sept. 15. The vote concerns whether the Senate proceeds with consideration of the legislation. It is not a final passage vote.　　The measure needs 60 votes to clear the cloture threshold. As crypto.news reported in earlier September vote coverage,

Within 1 weeksIndustry

TRON USDT transfers hit $2.1T as U.S. access expands

TRON processed $2.1 trillion in USDT transfers during the second quarter of 2026 as its stablecoin market reached a record $89.2 billion, according to Messaris Aug. 10 report.　　SummaryTRON processed $2.1 trillion in USDT transfers during Q2 as stablecoin supply reached record levels.USDT supply ended Q2 at $87.9 billion, giving TRON the largest circulating balance among blockchains.Network fees rose 15.9% quarterly to $699.4 million, reversing declines after the 2025 fee cut.Bitnomial launched regulated U.S. TRX futures in July after introducing spot trading during the quarter.Canary amended its staked TRX ETF filing in July, targeting Cboe BZX under ticker TRXS.　　USDT accounted for $87.9 billion, or 98.5% of stablecoins on the network, putting TRON ahead of Ethereums $78.7 billion USDT balance at quarter end.　　TRONs stablecoin footprint continued to expand in Q2.　　Stablecoin market cap reached a record $89.2B, while the network processed $2.1T in USDT transfers during the quarter and ended Q2 as the largest host chain for circulating USDT.　　Read the full State of TRON Q2 2026 report…　　— TRON DAO (@trondao) August 10, 2026　　The quarter also brought a broader U.S. route into TRX. Binance.US restored spot trading, Bitnomial added TRX to its regulated U.S. markets and Canary Capital continued work on a proposed staked

Within 1 weeksIndustry

Bitcoins BIP-110 fork is 300 blocks behind BTC and six years from fixing itself

Bitcoins ledger is a chain of blocks, each one a batch of transactions added by miners, firms running warehouses of specialised computers that compete to produce the next one. They are paid in newly issued bitcoin plus the fees attached to those transactions, and a block arrives roughly every ten minutes.　　That ten-minute pace is not automatic. The network sets a difficulty level, which is how much computing work a miner must do to produce a valid block, and recalculates it every 2,016 blocks. If blocks have been arriving too fast, the work gets harder. Too slow, and it gets easier.　　At normal speed, 2,016 blocks takes about two weeks.　　The longer the fork sits still, the further away its escape gets. (Shaurya Malwa/CoinDesk)　　Two blocks were produced on that chain. Then it stopped, because mining it costs exactly what mining bitcoin costs — as both chains having inherited the same difficulty when they parted, while paying in a coin that has no market, no exchange listing and no buyers.　　It also cannot make mining easier on itself without first completing 2,016 blocks at its current pace. A live monitor now estimates that adjustment at 6.3 years away, up from 350 days on Sunday.　　The number

Within 1 weeksIndustry

Indonesian Stocks Near Bull Market as DCI Indonesia Profit Jumps 19%

Indonesian stocks are edging back toward bull-market territory, and one of the rallys clearest beneficiaries is an AU data center operator whose earnings are compounding regardless of what the rupiah does next.　　The Jakarta Composite Index (JCI) has climbed 20% from its early-June low. That rebound follows a rough start to 2026, with the index still down 25% year to date, making it the worst-performing major benchmark globally.　　Sponsored　　Sponsored　　The Rallys Foundations　　Bank Indonesia raised rates by a combined 100 basis points in May and June, MSCI postponed a planned review of the countrys market status until November, and S&P Global Ratings affirmed the sovereign credit rating.　　President Prabowo Subianto‘s decision to scale back a costly free-meals program has also eased fears of fiscal slippage. Indonesia’s economy grew 5.29% year over year in the second quarter, beating the 5.14% median estimate in a Bloomberg survey.　　That backdrop is macro relief, not necessarily a structural bull case.　　DCI Indonesia is where the two stories meet.　　Where DCI Indonesia Fits　　DCI Indonesia is the country‘s largest listed data center operator has profited from the AI infrastructure boom and its first-half results show why investors keep buying it through the broader market’s turmoil. Net profit rose 18.7% year over year to Rp732.53

Within 1 weeksIndustry

OpenAI Skips Outside Buyers for $7 Billion Tender as IPO Preparation Ramps Up

OpenAI used its own cash, not outside investors, to buy back roughly $7 billion in employee shares, according to Bloomberg.　　The deal holds the companys valuation flat at $852 billion ahead of a possible stock market listing.　　OpenAI Breaks From Its Own Pattern　　A tender offer lets a company or investor buy back existing shares from employees. OpenAI has run investor-funded versions before, including a 2023 tender offer that tripled its valuation to $86 billion.　　Sponsored　　Sponsored　　Its largest prior deal came in October 2025. Thrive Capital, SoftBank, and others bought $6.6 billion in employee shares, valuing OpenAI near $500 billion.　　OpenAI just ran a $7B employee tender at an $852B valuation — self-funded, no new outside capital. Clear IPO prep move. Clean headline.　　— Jordan Blake (@nickdannunzio) August 10, 2026　　By March 2026, a $122 billion funding round pushed that valuation to $852 billion. OpenAI confirmed the same $852 billion figure now, months after it also filed a confidential IPO filing with regulators.　　Why OpenAI Skipped the Investors　　Funding the buyback itself keeps OpenAIs cap table free of new outside holders right before a potential listing. It also signals the company has enough cash on hand after its March raise. It does not need fresh investor capital for this deal.　　The

Within 1 weeksIndustry

Oversubscribed 8,288 to 1: China‘s Hottest IPO Hits ’Embodied AI Boom

Chinas humanoid robot boom just produced one of the most lopsided initial public offering (IPO) scrambles in recent memory.　　Unitree Robotics, the Hangzhou-based robot maker best known for its dancing and martial-arts-performing humanoids, priced its Shanghai listing at 150.8 yuan ($22.35) per share. Retail investors responded by submitting valid applications for 53.64 billion shares. Only 9.707 million shares were set aside for the online tranche, leaving a final winning rate of just 0.0181%.　　Sponsored　　Sponsored　　Roughly one in every 5,525 applicants got an allocation.　　What “Embodied AI” Actually Means　　Unitree and its rivals sit inside a category Chinese officials and investors now call embodied AI, artificial intelligence paired with a physical body that can sense and move through the real world, rather than software confined to a chatbot or a data center.　　???? BREAKING:@UnitreeRobotics is going public on Shanghai stock exchange at a $9 billion valuation.　　Their IPO was oversubscribed by retail investors by 8,288 TIMES. The final lot-winning rate for retail investors: 0.018%. 　　Meaning for every 10,000 people who tried to buy… pic.twitter.com/tFyNWyfbvc　　— Lukas Ziegler (@lukas_m_ziegler) August 10, 2026　　It is the bridge between large language models and machines that can walk a factory floor or lift a box. Beijing has made the category a national priority, and

Within 1 weeksIndustry

12 Nasdaq Stocks Doubled in 2026, But None Are Magnificent Seven

Twelve Nasdaq 100 stocks have more than doubled in 2026, and none of them belong to the Magnificent Seven.　　The Magnificent 7 stocks all have different primary focuses, even though they are grouped together as large, influential tech-adjacent powerhouses heavily tied to trends like artificial intelligence. But the biggest leaders was SanDisk, up 411% year to date, while Micron and Intel also more than doubled this year.　　Sponsored　　Sponsored　　All 12 Nasdaq 100 Stocks That Doubled　　The rest of the list skews heavily toward companies that build AI infrastructure hardware rather than software platforms.Sandisk (SNDK) +406%Micron (MU) +207%Intel (INTC) +175%Arm Holdings (ARM) +159%Marvell Technology (MRVL) +157%Western Digital (WDC) +152%Lumentum (LITE) +142%AMD (AMD) +126%Nebius (NBIS) +125%Applied Materials (AMAT) +110%Fortinet (FTNT) +101%Astera Labs (ALAB) +101%　　Even with a substantial drop, SanDisk is a top performer. Image Source: Trading ViewThe Magnificent Seven Are Sitting This Out　　Returns vary widely inside the group. Amazon leads with a 20% gain this year, followed by Nvidia at 14%, Apple at 13%, and Alphabet at 12%.　　Microsoft has managed just a 4% gain. Meta has fallen 10%, and Tesla is down 27%, the groups weakest performer. The S&P 500 has gained roughly 13% over the same period.　　Sponsored　　Sponsored　　Ed Yardeni, founder of Yardeni Research, has tracked the

Within 1 weeksIndustry

Cramer‘s Analyst Says Eli Lilly’s GLP-1 Stock Rally Has Years Left to Run

Eli Lilly (LLY) posted a blowout quarter, and Mad Money says the GLP-1 drugmakers stock story is far from over.　　Jim Cramer and CNBC analyst Jeff Marks called Eli Lilly and Nvidia top momentum stocks.　　Sponsored　　Sponsored　　Why Eli Lillys GLP-1 Stock Still Has Room to Run　　The comment came during a viewer question about how price targets get set. Cramer raised Eli Lilly and Nvidias runs specifically when asking about the process.　　Marks, the CNBC Investing Clubs portfolio analyst, said stocks like these need a longer time horizon than most.　　“Stocks like that you also have to look out years out in advance, too. Especially in the case of Eli Lilly, where it‘s more of towards the end of the decade is where it’s GLP-1 sales.”　　— Jeff Marks, CNBC Investing Club portfolio analyst, on Mad Money　　Eli Lillys second-quarter results back that framing. Revenue hit $23 billion, up 48% year over year. A 60% jump in sales volume offset a 13% drop in realized prices.　　Management raised full-year revenue guidance to a range of $85 billion to $87 billion. Mounjaro sales rose 91% to $9.9 billion worldwide. Zepbounds U.S. revenue grew 44% to $4.9 billion.　　Sponsored　　Sponsored　　Cramers other 2026 stock picks lean on similarly durable, multi-year themes rather than short-term

Within 1 weeksIndustry

Trump Media holds 14,139 BTC as Q2 loss hits $238M

Trump Media & Technology Group reported a $238.1 million net loss for the second quarter on Aug. 10 as falling digital asset and securities valuations continued to weigh on its balance sheet.　　SummaryTrump Media posted a $238.1 million Q2 loss, with $190.4 million from unrealized asset losses.Bitcoin holdings rose to 14,139 BTC by July 31 after Trump Media bought additional coins.The company pledged 2,077.34 BTC for options and 4,260.73 BTC against convertible notes in June.Trump Media terminated its planned CRO treasury venture days before announcing a revamped treasury framework.Q2 revenue rose 89% to $1.67 million, while quarterly operating cash use reached $13.7 million.　　The Truth Social operator simultaneously announced plans for a “more disciplined digital asset treasury management framework” aimed at retaining long term crypto exposure while reducing volatility and making its assets more productive.　　The U.S. listed company remains closely linked to Donald Trump through its ownership structure. Its latest annual report said the Donald J. Trump Revocable Trust, of which Trump is sole beneficiary, held about 41.1% of TMTGs voting power as of Feb. 25. Donald Trump Jr. serves as sole trustee.　　You might also like:　　Trump Media launches Truth API amid SEC scrutiny　　Trump Media Q2 loss reflects crypto markdowns　　Trump Medias Aug. 10

Within 1 weeksIndustry

Pump.fun fees top $10M as revenue overtakes Hyperliquid

Pump.fun generated $10.03 million in protocol fees during the week of Aug. 3 to 9, marking the first time its weekly total crossed $10 million under its current reporting series.　　SummaryPump.fun generated $10.03 million in weekly protocol fees, up 12% from the previous weeks total.The platform bought back and burned 2.15 billion PUMP, worth approximately $5.02 million that week.Ecosystem trading volume reached $2.97 billion, the strongest weekly total since late January, Pump.fun reported.DefiLlama now shows Pump revenue at $35.67 million over 30 days, above Hyperliquids $32.46 million.PUMP traded near $0.0028, up 33.8% weekly, before another scheduled token unlock arrives on Wednesday.　　The Solana based token launch platform said fees increased 12% from the previous week as trading activity recovered across its launchpad, PumpSwap exchange and Terminal trading product.　　The latest newsletter described the period as the platform‘s “first week above $10M.” Independent DefiLlama data supports the broader revenue recovery, although its rolling measurement window differs from Pump.fun’s fixed Aug. 3 to 9 reporting period. DefiLlama recorded $10.49 million of Pump protocol revenue over the latest seven days.　　You might also like:　　Pump.fun cut staff weeks before PUMP tokens vested: Report　　Pump.fun revenue moves ahead of Hyperliquid　　Pump.fun also said it had overtaken Hyperliquid in revenue measured over

Within 1 weeksIndustry

...

2931

...

1000