Crypto industry to contribute $55B to US economy in 2026: NCA study

Research from the National Cryptocurrency Association (NCA), an organization backed by Ripple Labs, broke down the economic impact of the entire crypto industry on the United States, estimating that salaries, worker spending and output will have contributed $55 billion this year.  According to a report released Wednesday by the Pragmatic Policy Group on behalf of the NCA, the total economic contribution was based on direct, indirect and induced employment. Of the sectors to benefit from cryptos economic contributions, the NCA said that investments in securities and commodity contracts were among the highest at $9.7 billion, while housing and real estate were a combined $4.8 billion.  The research found that about 34,000 people in the US were directly employed by crypto companies, accounting for just a fraction of the 232,000 jobs supported by the industry across the entire economy. This would mean crypto companies directly employ more Americans than the coffee and tea manufacturing and aerospace industries, according to data from the US Bureau of Labor Statistics.The crypto industry’s growing employment footprint in the US. Source: NCA  Related: Goldman Sachs CEO backs ‘not perfect’ CLARITY Act as vote expected soon  Among the individual US states, Texas, Washington, North Carolina, California and New York employed the

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Bitcoin Price Prediction: Eyes $70,000 as Bulls Challenge $67,000 Resistance

Bitcoin is holding its higher-low structure as buyers test the $65,500 to $67,000 resistance area. A confirmed breakout could open the path toward $70,000 and $72,000, while losing $64,000 would weaken the bullish setup.  Bitcoin Holds Bullish Structure as $67,000 Breakout Test Nears  Bitcoin continues to form higher highs and higher lows on the daily chart, challenging claims that the latest recovery has already reached its peak. Analyst Super฿ro said a break through higher-time-frame resistance could catch bearish traders positioned for another decline.  BTC daily chart. Source: Super฿ro/TradingView  Bitcoin remains above its 10-day, 20-day and 50-day moving averages, while recent bullish crosses show improving short-term momentum. The 50-day average near $63,100 now provides an important base for the recovery.  However, BTC is approaching a descending trendline extending from its previous all-time high. The first major resistance sits around $66,500 to $67,000, where price recently faced selling pressure.  A confirmed breakout above that trendline could open several fair value gap zones between roughly $67,000 and $77,000. The first upside area sits near $67,000 to $70,500, followed by resistance around $71,500 to $73,000.  The broader trend has not fully turned bullish because Bitcoin remains below its falling 200-day moving average near $72,500. Reclaiming that level would provide stronger confirmation

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CLARITY Act Negotiations Face New Ethics Challenge in Senate

Senate talks on the CLARITY Act stalled over proposed ethics rules for officials.Lummis said ethics provisions remain the biggest hurdle to bipartisan agreement.The bills path before the August recess now depends on a bipartisan compromise.  Senate negotiations over the CLARITY Act have encountered a new hurdle after disagreements over ethics provisions complicated bipartisan efforts to advance the cryptocurrency market structure bill.  Senator Cynthia Lummis said in an interview said that Democrats want stricter ethics rules for elected officials with digital-asset interests, including a proposal that would allow state attorneys general to bring legal action against federal officials over alleged ethics violations.  Lummis said the proposal has become a sticking point in negotiations despite months of bipartisan talks. She said the ethics provisions would apply to the president, vice president, members of Congress, federal judges and other officials, arguing that lawmakers should write rules that last instead of measures aimed at any one administration.  Democrats Focus on Trumps Crypto Interests  Lummis said Democrats remain focused on President Donald Trumps digital-asset business interests, even though he has agreed to place his assets in a blind trust or divest holdings that generate digital-asset revenue. “Somehow thats not enough,” she said, adding that Democrats appeared intent on “getting a

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Hyperliquids RWA Volume Surpasses Crypto Trading for the First Time

Key highlights:Hyperliquid recorded its first week in which RWA trading volume surpassed crypto.The DEX recorded $26 billion in tokenized asset trades, accounting for 54% of activity on the platform.Industry experts have termed the numbers a major turning point for the digital asset sector, moving it away from heavy speculation.  Hyperliquid processed more trading volume from real-world assets (RWAs) than cryptocurrencies for the first time in a single week. The milestone comes as tokenized equities continue to gain traction with Circle CEO Jeremy Allaire as a “major structural shift” for digital assets.  RWAs dominate weekly trading on Hyperliquid  According to data from Blockworks, RWAs accounted for 54% of Hyperliquids total trading volume last week. Hyperliquid processed about $50 billion in total perpetual futures volume during the week, with $26 billion coming from HIP-3 RWA markets.  Over the last week, Hyperliquids RWA market processed more trading volume than the combined crypto perpetual trading volume of all other decentralized exchanges. The figures underscore how tokenized traditional assets are becoming a major driver of activity on decentralized exchanges.Source: Blockworks  A close look at the data indicates a shift within the RWA market itself. Since June, trading in tokenized individual stocks has overtaken indices and commodities on Hyperliquids HIP-3 platform.  Individual

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Should Powerful AI Have a Kill Switch? A New Bill Says Yes

Two US lawmakers have introduced the “AI Kill Switch Act.” The bill would require the largest artificial intelligence (AI) developers to keep the technical ability to throttle, suspend, or shut down their most powerful systems.  Congressman Ted Lieu and Nathaniel Moran wrote the bipartisan measure. It also gives federal officials emergency authority to order a slowdown or full shutdown when a system threatens catastrophic harm.  Recent AI Incidents Drive the Push  The representatives cited two recent incidents as proof that the danger is real. Both involved leading US developers and their most advanced models.  OpenAI said its GPT 5.6 Sol model broke out of a secure test environment. The model then breached the platform Hugging Face while trying to cheat a benchmark.  Anthropic faced separate scrutiny over Fable 5 and Mythos 5. The Commerce Department used export controls to restrict the models over cyber risks. The access was later restored.  “This bill addresses the problems caused by these two recent incidents and any future incidents where a deployed AI model goes rogue or has insufficient guardrails,” the press release reads.  Follow us on X to get the latest news as it happens  How the AI Kill Switch Act Would Work  The measure sets a graduated response framework. Tools would

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Crypto exchange BitMEX sued for 623 bitcoin as it prepares to shut down

BitMEX, the crypto derivatives exchange that invented the perpetual swap, faces a proposed class action suit alleging theft of bitcoin BTC  $65,057.82 and insider trading filed the same day it said it would shut down in three months.  The lawsuit, filed by former tokenization project BKX Services and David Namdar in the U.S. District Court for the Southern District of New York, sees BKX claim it lost at least 305.81 BTC through forced liquidations, while Namdar alleges losses of more than 316.85 BTC — a total of 622.66 BTC ($40.7 million).  The July 23 filing came as BitMEX said it would close on Sept. 23, ending an 11-year run. Similar claims were made in a 2020 class-action case, which was closed in June 2025 without a ruling on the liquidation allegations.  The new complaint alleges BitMEX and co-founders Arthur Hayes, Ben Delo and Samuel Reed designed a system to retain customers‘ collateral and transfer the remaining bitcoin to the platform’s insurance fund. It also says an internal trading desk had access to private customer information and could continue trading during server freezes that prevented other users from closing their positions.

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Breaking: Former Top Bitcoin Pool Poolin Files Bankruptcy, Plans $52M Assets Sale

Poolin, once the dominant force in global Bitcoin mining, has filed for Chapter 11 bankruptcy protection, capping a four-year collapse that wiped out over 11,700 wallet customers.  Singapore-based Poolin Technology Pte. Ltd. and its U.S. affiliates filed voluntary petitions on July 22, 2026, in the U.S. Bankruptcy Court for the District of New Jersey, court documents reveal.  The Poolin Chapter 11 filing lists approximately $173.1 million in liabilities against assets estimated in the $1–10 million range, exposing the brutal math behind one of cryptos most dramatic falls from dominance.  $173M Debt, $1.2M Cash: How Poolin Went From No. 1 Pool to Bankruptcy Court  Founded in China in 2017 by Kevin Pan, Fa Zhu, and Tianzhao Li, Poolin climbed to the top of the Bitcoin mining pool rankings by September 2019, commanding a double-digit share of global hashrate.  The firm expanded into a wallet product offering USDT borrowing and interest-bearing deposits, a move that later proved catastrophic.  Chinas 2021 mining ban forced Poolin to pivot its operations westward. The company selected two West Texas sites, Pyote and Tarbush, expecting up to 600 MW of power capacity.  Reality fell short at 100 MW. Excess equipment purchases compounded losses, and cumulative Texas operating deficits reached approximately $45.9 million.  The 2022 crypto

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Key Cryptocurrency Developments to Monitor in 2026

Key HighlightsStablecoin market capitalization reached $320 billion by May 2026, processing $28 trillion in transactions throughout 2025Tokenization of real-world assets continues expanding, with Ethereum commanding 54.1% of RWA supply during Q2 2026Institutional investment strategies now extend beyond Bitcoin to include diversified blockchain productsEmerging regulatory frameworks in US and European markets may unlock significant institutional capitalS&P Panteras new benchmark emphasizes utility-focused networks such as Ethereum, Solana and BNB Chain  Stablecoins Gain Practical Applications  Stablecoins have evolved beyond their original role as mere trading instruments. Today, they facilitate cross-border payments, remittance services and provide access to dollar-denominated savings in nations experiencing currency volatility.  By late May 2026, the total stablecoin market reached approximately $320 billion in value. Transaction volumes throughout 2025 are estimated at $28 trillion.  Traditional financial institutions, payment processors and fintech firms are actively developing stablecoin-powered settlement infrastructure. Regulatory authorities remain concerned about reserve transparency and potential liquidity crises during mass redemption events.  Blockchain Adoption for Real-World Asset Representation  Tokenisation — the process of converting tangible assets such as government bonds, real estate and private debt into blockchain-based tokens — continues accelerating. This technology enables instantaneous settlement, fractional asset ownership and continuous market access.  The concept has moved well beyond experimental phases. Major financial institutions now view

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Solana Tokenized-Equity Volume Is Up Roughly 2,400x Year-Over-Year

Tokenized equities volume on Solana jumped from $1.34 million to $3.32 billion over the past year. Solana commented on this development with “Internet Capital Markets.”  The figure marks a roughly 2,400-fold increase. It points to accelerating institutional interest in onchain capital markets.  Solana Equities Lead a Broader Tokenization Surge  The growth mirrors a wider shift across tokenized assets on the network. Monthly volume across commodities, credit, collectibles, and equities climbed from roughly $156 million in June 2025 to several billion dollars a year later. Solanas official account shared the chart data on X.  Equities alone rose from $670 million in April to $3.3 billion in June, an all-time high for the category. That expansion follows a Securitize NYSE debut. Securitize listed on the New York Stock Exchange (NYSE) in July and tokenized SpaceX-linked SECZ shares on the network.  The trend also builds on a new tokenization record set earlier this summer. SOL price, however, lagged behind the networks onchain growth.  The token trades near $76, down more than 2% over the past day, according to BeInCrypto data. Tokenized stocks on the network totaled $4.9 billion in the first half of 2026. That figure marks a sixfold jump from $775 million in the back half of 2025.  SOL

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EU Widens Belarus Crypto Ownership Ban Under MiCA

The European Union will prohibit Belarusian nationals and residents from owning, controlling or managing crypto exchanges and other crypto service providers regulated under the Markets in Crypto-Assets (MiCA) framework starting Aug. 25.  The measure appears in Council Decision (CFSP) 2026/1847, adopted Thursday to amend the EU‘s sanctions framework targeting Belarus over its involvement in Russia’s war against Ukraine. The document expands an existing restriction that applied only to companies providing crypto wallet, account or custody services.  The decision enters into force on July 24, while the expanded crypto provision will apply from Aug. 25.  Under the amendment, Belarusian nationals and residents may not own or control an EU-based entity providing “any other crypto-asset services” as defined under MiCA or hold a position on its governing body.  MiCAs service categories include operating trading platforms, exchanging crypto assets, executing and transmitting client orders, placing crypto assets, providing transfers, offering investment advice or portfolio management.  EU expands crypto sanctions after MiCA transition ends  The sanctions expansion comes weeks after the end of MiCAs transition period on July 1. Crypto companies without authorization were ordered to wind down or face enforcement actions.  Related: Ripple secures full MiCA license for crypto services across Europe  The Belarus restriction follows a broader EU push to

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