Latest Crypto News & Market Updates

Senator Lummis still pushing for CLARITY vote before August recess

The window for the US Congress to pass a comprehensive market structure bill on cryptocurrencies is closing, with the Senate set to go on recess in a matter of days, and lawmakers still have not announced clear plans to vote on the legislation.　　In a Wednesday X post, Senator Cynthia Lummis said she anticipated that the Senate would vote on the Digital Asset Market Clarity (CLARITY) Act before the chamber breaks for its month-long August recess. The Wyoming lawmaker has been one of the biggest proponents for the crypto bill, which has split many members of Congress and industry leaders over different provisions on ethics, stablecoins and tokenized equities.　　“Its just time to get people on the record,” said Lummis.　　The CLARITY Act, which has been under consideration in the Senate since its passage in the House of Representatives in July 2025 with a 294-to-134 vote, still faces opposition from many Democrats looking for stronger ethics provisions affecting US President Donald Trumps investments. The president has been under additional scrutiny since he disclosed he earned more than $1.4 billion from investments tied to digital assets in 2025.　　Related: CLARITY Act failure could send crypto valuations lower: Bernstein　　60-vote hurdle needed to pass CLARITY　　As of Wednesday,

08-06Industry

Strategy offers $250 yearly for employee Trump Accounts

Strategy will contribute $250 annually to Trump Accounts for eligible children of its U.S. employees, expanding its benefits beyond its core Bitcoin treasury operations.　　SummaryStrategy will provide $250 annuallyfor every eligible employees child under 18.Eligible children born from 2025 will also receive a one-time $1,000 company contribution.The benefit will begin after final Treasury guidanceand employer contribution systems become available.Strategy still reports 842,138 BTC, despite a later unconfirmed transfer involving 1,030 BTC.　　Strategy adds Trump Accounts to employee benefits　　Strategy announced on Aug. 5 that it had joined the Invest America Business Pledge, committing to fund Trump Accounts for the children of its U.S. workers.　　The company will contribute $250 each year for every eligible child under 18, regardless of the child‘s birth year. For children born on or after Jan. 1, 2025, Strategy will also provide a one-time $1,000 contribution matching the U.S. government’s initial deposit, according to the companys announcement.　　Strategy CEO Phong Le said the program could promote financial education and longer-term saving among American families.　　“Trump Accounts and the Invest America initiative can help build a stronger financial future for Americas children.”　　Le said Strategys contributions would supplement the government deposit and give eligible children another source of long-term investment capital.　　The Bitcoin treasury company

08-06Industry

Crypto's campaign efforts see rare loss, but crypto roster in Congress likely to grow

Fairshake has been building and maintaining a cohort of crypto supporters in Congress, already adding a number of news names in primary victories over past months in races in which the PACs favored candidate is expected to win in the November elections. While the vast majority of candidates the PAC and its affiliates supported have won their primaries, the effort saw a significant setback in Illinois, where Fairshake spent more than $10 million trying to defeat Lt. Gov. Juliana Stratton in her Senate bid.　　Every member of next years Senate could be vital, depending especially on whether the industrys chief policy aim — the Clarity Act — prevails in its last-second drive for a Senate vote this week. Even if Clarity is resolved this year, the crypto sector is hoping for a number of other legislative answers to user needs, including crypto tax rules.

08-06Industry

CryptoQuant says bitcoin, ether and XRP whales are accumulating, signaling a 'late-stage bear market'

Quick TakeLarge crypto holders are accumulating bitcoin, ether, and XRP as prices remain under pressure, CryptoQuant said.The firm said this suggests the bear market is likely in its final stage, but prices may fall further before a clear bottom is confirmed.　　Large crypto holders are increasing their bitcoin (BTC), ether (ETH), and XRP (XRP) positions as prices remain under pressure, according to CryptoQuant, suggesting they may be preparing for the next market cycle.　　CryptoQuant said the activity signals that the bear market is likely in its final stage. However, the firm said the market has not reached a confirmed bottom, and prices may still fall further.　　“Across bitcoin, ether and XRP, the largest cohorts are adding supply as prices sit near or below their realized prices,” CryptoQuants head of research, Julio Moreno, said in a Wednesday report. “This positioning lowers downside pressure and is consistent with the final phase of the cycles decline.”　　Bitcoin whale balances, excluding exchanges and mining pools, have climbed to about 3.06 million BTC after it bottomed near 2.87 million BTC in December 2025, CryptoQuant said. The data also excludes exchange-traded funds or digital asset treasury companies, Moreno told The Block.　　Bitcoin whale holdings have recorded positive 30-day growth for most

08-06Industry

Western Union brings stablecoin remittances to Visa network with Stablecard

Western Union has partnered with stablecoin infrastructure provider Rain to launch Stablecard, a digital wallet and Visa-branded card that enables users to hold and spend a US dollar-backed stablecoin, marking one of the companys biggest moves into blockchain-based payments.　　On Wednesday, Western Union said Stablecard allows users to hold, receive, transfer and spend USDPT, a US dollar-backed stablecoin issued by Anchorage Digital Bank on the Solana blockchain.　　Stablecard launched in 37 markets, with Western Union aiming to expand availability to more than 60 markets by the end of the year. Users can receive Western Union money transfers directly into a USDPT wallet, transfer funds to compatible crypto wallets and exchanges and spend their balances anywhere Visa is accepted, including through Apple Pay and Google Pay.　　The launch reflects Western Unions effort to expand its role in the global remittance market as stablecoins gain traction for cross-border payments. The product is aimed at remittance recipients and consumers in countries with volatile local currencies, offering them the ability to hold savings in a dollar-backed digital asset while spending through existing payment networks.　　Western Union unveiled USDPT in May as part of its broader digital asset strategy, describing it as a stablecoin designed to align with the

08-06Industry

Marex invests in Digital Prime to expand institutional crypto lending

Marex Group, a Nasdaq-listed financial services firm, has invested an undisclosed amount in institutional crypto infrastructure provider Digital Prime Technologies, underscoring traditional finances growing interest in digital asset markets.　　The companies announced Wednesday that the investment will support the continued development of Tokenet, a digital asset lending and borrowing platform built by Digital Prime in partnership with EquiLend. Marex said the investment is part of its strategy to expand its institutional digital assets business.　　Last week, Digital Prime said Tokenet had surpassed $1 billion in lending inventory and more than $1 billion in borrowing demand from its launch partners. The figures referred to the amount of digital assets available to lend through the platform and the volume of borrowing interest expressed by participating institutions, rather than completed loans. Launch partners included Galaxy Digital and Ripple Prime, among others.　　The investment makes Marex the latest major financial services company to expand its digital asset business through investments in crypto market infrastructure. Other institutions, including Barclays, BNY and Wells Fargo, have recently targeted different segments of the industry, from stablecoin infrastructure to tokenized deposits.

08-06Industry

CLARITY Act misses cloture as bipartisan talks drag on

The CLARITY Act missed a key procedural opening after Senate Majority Leader John Thune filed cloture on several other measures while bipartisan negotiations over the crypto bill continued.　　CLARITY Act left out of Senate cloture filings　　On Wednesday, Senate Majority Leader John Thune filed cloture on the motion to proceed to S. 4668, the Protect College Sports Act of 2026, according to the U.S. Senate Daily Press. He also filed cloture on H.R. 6500, a substitute amendment to the continuing-resolution vehicle and Todd Blanches nomination to be attorney general.　　However, the majority leader did not make a corresponding filing for the CLARITY Act, leaving the crypto market structure bill without the procedural countdown required for an initial cloture vote.　　Cloture on a motion to proceed would allow the Senate to limit debate and begin considering the legislation. The motion requires support from 60 senators, meaning Republicans cannot advance the bill without Democratic votes.　　Crypto journalist Eleanor Terrett said Thunes decision to proceed with the college sports legislation indicated that negotiators had not reached a bipartisan agreement.　　“Thune has filed cloture on the motion to proceed to the college sports bill,” Terrett wrote, adding that it “signals theres still no bipartisan agreement on the Clarity Act.”　　The omission

08-06Industry

Feds Say an NFT Founder Raised $10 Million Only to Blow It All on Gambling, Trading, and a DJ Hobby

In briefDOJ charged Few and Far founder Taj Tarsha with securities fraud and wire fraud.Prosecutors allege he raised more than $10 million through token sales before misusing investor funds.If convicted, he faces up to 20 years in prison on each count.　　Federal prosecutors have charged the founder of NFT marketplace Few and Far with securities fraud and wire fraud, alleging he raised more than $10 million from investors to build a Web3 platform before spending much of the money on online gambling, speculative cryptocurrency trades, and personal expenses—like funding a DJ hobby.　　On Wednesday, the U.S. Attorneys Office for the Southern District of New York said that Taj Tarsha, 34, was indicted for allegedly defrauding investors in Few and Far, a startup that sought to build a decentralized marketplace for non-fungible tokens better known as NFTs.　　“Taj Tarsha is alleged to have concealed fraudulent conduct behind his crypto startup, using investor funds for personal benefit,” FBI Assistant Director in Charge James C. Barnacle, Jr. said in a statement. “Protecting the integrity of our financial markets is a priority, and the FBI remains steadfast in its commitment to conducting thorough and fact-driven investigations into potential financial offenses.”　　According to prosecutors, Tarsha allegedly began raising money

08-06Industry

Bitcoin Holds $64K as Polymarket Cuts CLARITY Odds to 15%

Bitcoin held firmly above $64,000 despite intraday swings between $63,900 and $64,706. The modest price gains triggered heavy losses for short sellers, driving $148 million in short liquidations out of $216 million across the total crypto market.　　Key TakeawaysBitcoin anchored above $64,000 on Wednesday, capping a 1.1% gain despite volatile intra-day trading.Coinglass data showed market liquidations reached $216 million, with short bets taking a $148 million hit.Polymarket lowered the CLARITY Acts 2026 passage odds to 15% as Senate delays push talks to September.　　Intra-Day Price Volatility and Resistance　　On Wednesday, bitcoin stubbornly anchored itself above the $64,000 baseline, though broader bullish momentum remained muted as political friction intensified around the impending CLARITY Act vote. Despite a sharp spike in 24-hour volatility, market data indicate the top cryptocurrency still managed to carve out a slight upward trajectory compared to its Aug. 4 consolidation range of $63,000 to $63,600.　　Market data show that although it dipped below $64,000 several times during the session, it quickly reclaimed the mark, signaling strong buying pressure. Still, a familiar ceiling emerged: Each rally stalled once bitcoin breached $64,400.　　That pattern held until 8:30 a.m. EST, when the price fell from $64,466 to a daily low of $63,900 in just over an

08-06Industry

Fed rate hike odds hit 46% as Kashkari warns on inflation

Minneapolis Fed President Neel Kashkari backed gradual interest rate increases as persistent inflation and uncertainty around the Strait of Hormuz complicate the outlook for US monetary policy.　　Kashkari calls for gradual Fed rate hikes　　Kashkari said during a CNBC interview on Wednesday that the central bank should begin moving interest rates higher as inflation remains above its target.　　“I think now is the time to start slowly moving rates up,” Kashkari said.　　The Minneapolis Fed president argued that current monetary policy does not appear particularly restrictive. He pointed to strong corporate earnings and continued economic resilience as signs that higher borrowing costs have not placed substantial pressure on demand.　　Kashkari clarified that he was not advocating a series of aggressive increases. Instead, he supported incremental moves intended to reduce inflation without causing an unnecessary slowdown in the US economy.　　His remarks add to a growing debate inside the Fed over whether rates are high enough to contain renewed price pressures. Kansas City Fed President Jeff Schmid also called for tighter monetary policy on Wednesday, although he did not specify when or by how much rates should rise.　　Feds July decision exposed a widening policy split　　The Federal Open Market Committee maintained the federal funds rate at 3.50%–3.75% during

08-06Industry

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