Crypto Industry News & Market Trends

Clarity Act expected to miss its window before Congress summer break, leadership says

White House crypto adviser Patrick Witt responded to Thune‘s remarks in an interview with CoinDesk on Thursday, arguing that the first week in August should still be open for potential Senate action. Witt said he was “perplexed” by Thune’s sentiment and that hes “slightly more optimistic,” though he agreed that the bill is unlikely to get a final vote in July.　　“There‘s that first week of August that the Senate is in session,” Witt said in the interview with CoinDesk TV. “So I wouldn’t count it out.”　　The midterm congressional elections are in November, and lawmakers are expected to use their summer break to campaign. The House of Representatives and Senate return for about three weeks in September, and if the Senate manages to pass Clarity, the House will still have to follow suit.　　Clarity — even more than last years Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act — is the crypto industry first priority in crypto policy, with the hope it finally secures a permanent legal foundation for U.S. crypto activity.　　The Senates floor process is a multi-stage affair that can take a few days or even longer to advance legislation past the 60-vote threshold needed in that chamber. At

07-23Industry

Coinbase lets businesses accept USDC payments from AI agents

This week, Coinbase (COIN) will allow its Business customers to receive USDC payments directly from AI agents. The rollout is part of a three-product push.　　Coinbase says the feature fills in the missing pieces of an economy where people are not the ones buying, but software. The update is important for any merchant who wants to attract automated shoppers as customers. And it comes as agent activity is already surpassing human traffic on some of Coinbases own developer pages.　　Coinbase turns Business accounts into agent checkouts　　The business-facing piece runs on x402, the payment standard that Coinbase built and incubated. Settlement is via Coinbase Payments. For merchants using Coinbase Business, theres nothing else to wire up to turn it on. USDC transactions are instant and cannot be reversed. Coinbase is also bundling reusable payment links and automatic buyer data collection for reconciliation.　　Sid Coelho-Prabhu, who leads Coinbase Business, described it as recreating a familiar transaction for a new customer type. Every transaction has two points, he told CoinDesk. The buyer needs a card and a bank account. A seller needs a bank account and a till.　　“We are delivering that experience for the new online agentic economy,” Coelho-Prabhu said. An agent reads Coinbase‘s developer docs,

07-23Industry

Elizabeth Warren Claims Clarity Act Would Help Trump

Democratic Senator Elizabeth Warren has blasted the Clarity Act draft bill, claiming it would allow criminals and cartels to move money.　　Speaking in a video statement on X Thursday, Warren hinted that the potential law would allow President Donald Trump to make money from crypto.　　Lawmakers are currently mulling over the latest draft of the Clarity Act, which aims to set in stone digital asset regulation. The latest draft bans officials and their families from issuing or promoting crypto.　　“This latest draft bill would make it easier for criminals, oh, and cartels and terrorists to move money and finance their operations — and it fails to protect investors and our financial system,” Warren said in the video.　　The new draft of the Senate GOP crypto bill does nothing to stop President Trump from making his next $1.4 billion from crypto.　　It‘ll supercharge Trump’s crypto corruption.　　“It‘s going to a vote on the floor. There’s a glaring omission: it does not stop Donald Trump from cashing in on his presidency.”　　“This isnt regulation — this is a giveaway. This bill should be dead on arrival,” added Warren.　　But X users added clarification to Warren‘s video, highlighting that the Senate GOP’s updated draft includes ethics provisions banning federal officials from

07-23Industry

Binance Outlines Three Key Priorities for Indias Growing Crypto Market

Binance believes regulatory cooperation plays a key role in the Indian crypto market. Through crypto education, the company intends to make all Indians aware of crypto.Community engagement is a priority for the markets long-term growth. 　　India is now reportedly one of the largest crypto markets in the world. Millions of users in the country continue to adopt digital assets despite existing regulatory challenges. Amid the countrys growing demand for digital assets, many crypto exchanges, including Binance, are focusing on India as a key market for long-term expansion.　　Today, during an exclusive interview with Entrepreneur India, Binance‘s Head of APAC, SB Seker, revealed three core areas the exchange focuses on while expanding in the Indian crypto market. According to the company, these priorities, including regulatory cooperation, crypto education, and community engagement, will help boost the country’s crypto ecosystem.　　Binance India Focuses on Regulatory Compliance　　As noted by Seker, regulatory compliance remains Binances top priority in India. Although India still lacks a comprehensive crypto regulatory framework, the country boasts solid licensing rules. To comply with these regulatory requirements in India, Binance maintains its FIU-IND registration. The exchange also follows anti-money laundering (AML) rules of the country.　　In addition to meeting regulatory standards, Binance is also working

07-23Industry

Banxa And LI.FI Connect Fiat Payments To 60+ Blockchain Networks

Banxa, a compliant fiat-to-crypto payment infrastructure firm, has integrated LI.FI, a cross-chain bridging and liquidity infrastructure entity. The integration aims to streamline access to cutting-edge digital assets across over 60 blockchains via a single transfer. The partnership permits users to shift from fiat to on-chain assets of choice without any manual swapping or bridging of assets. The development is poised to utilize the liquidity infrastructure of LI.FI to remove technical complexities of cross-chain transfers.　　LI.FI Integration Improves Cross-Chain Asset Accessibility on Banxa　　LI.FI‘s integration into Banxa underscores the growing interest in effective and seamless on-chain experiences amid the continuous evolution in the world of digital assets. Thus, Banxa’s ecosystem of up to 400 collaborators will leverage the liquidity routing mechanism of LI.FI. The integration permits consumers to buy more than 300 crypto assets as well as other assets on-chain, with the platform automatically determining the most effective route in the background.　　Simultaneously, the intent-based execution model eliminates the requirement for separate moves like buying, swapping, and bridging assets ahead of moving to the intended destination. Additionally, LI.FIs infrastructure has reportedly processed over $81B in transfer volume across more than 100M transfers. The platform also reported nearly 99.9% uptime as well as over 98%

07-23Industry

APT Price Prediction: Coiling Below $0.63 With a Long Squeeze Primed — Bears Hold the Edge

APT is pinned at $0.62 in a textbook compression zone while open interest bleeds 6% and aggressive sellers dominate the tape — the stacked resistance wall at $0.63–$0.64 is rejecting every push, an…　　The Immediate Setup　　APT opened the UTC Wednesday session without urgency and without direction — and that indecision is itself the signal. Price is pressing against the SMA 20 at $0.62 with the kind of listless price action that precedes a sudden, violent resolution. The daily range today ($0.60–$0.63) is compression at its most obvious: Bollinger Bands tightening, EMAs converging, and momentum indicators sitting dead at mid-range where neither side has conviction. Buyers aren‘t stepping in with size. They’re testing. And every test so far has been sold into.　　The macro context makes this worse for bulls. APT is trading nearly 37% below its 200-day SMA, which is parked at $0.98 — a number so far away it barely registers as a relevant reference point. This isn‘t a token in healthy consolidation; it’s a token in a structural downtrend catching its breath. As tracked across the broader Layer-1 landscape at Blockchain.news, Aptos has produced no fresh fundamental catalyst in the current news cycle to justify a reversal bid. That puts

07-23Industry

Changpeng Zhao Ignored This One Market, Now It Is Worth Over $311 Billion

Changpeng Zhao (CZ) missed one of cryptos biggest markets. The Binance founder now admits he misjudged the stablecoin market for years.　　He told the Talking Tokens Podcast that he wrote them off. Today those tokens are worth more than $311 billion.　　CZ Says He Missed the Stablecoin Boom　　Zhao spoke on the Talking Tokens podcast. He looked back at the calls he got wrong. Leaving Binance gave CZ time to study the market again.　　Stablecoins are crypto tokens tied to the US dollar. Each one aims to stay worth about a dollar. Traders use them to move money fast, day or night.　　He is blunt about what he got wrong.　　“when I was running Binance, I actually kind of missed stablecoins. I didnt think stablecoins will get that big, but they actually have.”　　Follow us on X to get the latest news as it happens　　A Temporary Patch Job That Became a Giant　　Changpeng Zhao saw stablecoins as a quick workaround. He thought they only moved money between exchanges. He was wrong.　　“I thought that was a temporary patch job technology just to bridge some transactions between crypto exchanges, but then got big…”　　Stablecoins were tiny when Binance launched in 2017. Now the market tops $311 billion. Tether (USDT) leads with

07-23Industry

BlackRock, Coinbase, Strategy back $15M Bitcoin Security Consortium

Some of the world‘s largest financial institutions and Bitcoin-focused companies have launched the Bitcoin Security Consortium, pledging a combined $15 millionover the next three years to support Bitcoin’s long-term security and resilience.　　The founding members include BlackRock, Coinbase, Fidelity Digital Assets, Strategy, ARK Invest, Anchorage Digital, Block, Blockstream, and Galaxy.　　The group said it will help fund Bitcoin developers and researchers, with a particular focus on long-term security initiatives such as post-quantum cryptography.　　Consortium pledges $15M to strengthen Bitcoin security　　The consortium said each member will independently direct funding to the developers, researchers, and organizations it chooses, rather than pooling funds under a central body.　　Its day-to-day activities will be coordinated by Mike Schmidt, executive director of Bitcoin development non-profit Brink, who will serve in a volunteer capacity.　　According to the announcement, the initiative is designed to support the developers already maintaining Bitcoin while providing investors, the public, and the media with reliable information about the networks long-term security efforts.　　“As long-term holders, we have every incentive to see Bitcoin remain secure for generations,” Strategy CEO Phong Le said. “Funding the people who do this work, and helping inform the conversation around it, is a natural way for us to contribute.”　　The consortium stressed that it will not

07-23Industry

SecondFi to wind down after $2.6M ADA theft linked to wallet flaw

Cardano-based wallet SecondFi is preparing to shut down after a security breach exposed issues around wallet security and left hundreds of users awaiting recovery options.　　SecondFi said it will wind down SecondFi and Yoroi wallet services after attackers stole about 16.1 million ADA, worth roughly $2.6 million, due to a cryptographic flaw in its wallet software, according to an update published on Wednesday.　　The platform said an independent investigation by blockchain intelligence provider Groom Lake identified a sophisticated external actor behind the attack and found indicators potentially linked to North Koreas Lazarus Group, although no attribution has been confirmed. It added that the breach hit 374 wallets.　　The update came nearly a month after SecondFi first disclosed the exploit in late June, with victims still waiting for recovery tools and migration options that the company says are now targeted for release in August.　　SecondFi plans recovery tools as users await next steps　　SecondFi said it is developing a recovery tool based on zero-knowledge proofs to help exploited users recover assets while limiting the information they need to share.　　The tool is still undergoing testing and will be reviewed by a third-party auditor before its planned release in August.　　The platform is also preparing wallet export functionality that

07-23Industry

Bipartisan support 'critical' as Democrats push back on GOP crypto bill on ethics grounds

Quick TakeDemocrats are pushing back over the latest Clarity Act draft‘s ethics provisions, calling them too weak to address President Trump’s crypto interests and warning they wont support the legislation without stronger guardrails.The crypto industry praised the bill for providing regulatory clarity, while major banks opposed it, arguing it doesnt do enough to protect deposits from competition by stablecoin rewards.　　Senate Republicans on Wednesday released a 616-page version of the so-called Clarity Act cryptocurrency regulation bill, the first major legislative effort to oversee the digital asset industry. While crypto advocates welcomed the measure, Democrats quickly signaled opposition over what they called weak ethics provisions tied to President Trump‘s crypto holdings, raising doubts about the bill’s path forward in the Senate.　　The legislation, which combines earlier versions passed by the Senate Banking and Agriculture committees, drew strong support from the crypto industry. Advocates praised the retention of software developer protections and said the bill would deliver long-sought regulatory clarity to help the U.S. lead in digital assets.　　Crypto Council for Innovation CEO Ji Hun Kim called bipartisan support “critical,” while Solana Policy Institute CEO Miller Whitehouse-Levine urged Congress to “seize the moment.” Coinbase CEO Brian Armstrong said the lack of a federal framework had

07-23Industry

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