Ripple lawyer links CLARITY Act to U.S. job growth

Alderoty argues the CLARITY Act could support employment, but his statement remains an industry claim.  An NCA-commissioned study estimates crypto directly employs 34,000 workers and supports 232,000 jobs nationwide today.  Senate records schedule a September 15 cloture vote determining whether lawmakers begin formally considering CLARITY.  Ripple Chief Legal Officer Stuart Alderoty urged U.S. senators to support the Digital Asset Market Clarity Act ahead of its next procedural vote, arguing that the legislation could promote employment and economic growth.  “A vote for Clarity is a vote for jobs and economic growth,” Alderoty wrote on Aug. 30. His statement is a policy argument rather than a finding that passing the bill would create a specific number of jobs.  Alderoty is also president of the National Cryptocurrency Association, which commissioned the employment research underpinning his argument  Chief Legal Officer Stuart Alderoty has argued that passing the Clarity Act could boost job creation and economic growth in the US ???? pic.twitter.com/aPbyGw9tyc  — Attorney General Pam Bondi (@AttorneyGeokb4) August 31, 2026  CLARITY Act job figures rely on economic modeling  The NCAs Crypto at Work report, produced by Pragmatic Policy Group, estimates that crypto companies directly support about 34,000 full-time-equivalent U.S. positions in 2026.  The study places the industrys broader employment footprint at 232,000 jobs. That

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Cronos halts blockchain after $75M Tectonic exploit

Cronos halted block production on Aug. 30 after detecting an exploit involving Tectonic, a decentralized lending protocol operating on the blockchain.  Independent researcher Weilin Li estimated that approximately $75 million was affected. However, neither Cronos nor Tectonic had confirmed the cause or total loss as of Aug. 31.  Most of the identified assets appeared to remain on Cronos after validators stopped the network. No restart time, recovery plan or compensation framework had been announced.  Tectonic exploit reportedly used inflated TONIC collateral  Li attributed the incident to the treatment of TONIC, Tectonics governance token, as collateral. TONIC reportedly had a 20% collateral factor despite limited market liquidity.  According to his initial analysis, the attacker increased TONICs market price roughly 100-fold over about 20 minutes. The attacker then supplied the inflated tokens as collateral and borrowed other assets from Tectonic.  Li described the incident as a “Mango-market style” pump-and-borrow attack. The characterization remains an independent assessment because Tectonic has not published its own technical post-mortem.  The reported pattern resembles earlier attacks in which thinly traded collateral was assigned an inflated valuation. As crypto.news reported, a similar collateral-price attack drained Moonwell of an estimated $8.7 million shortly before the Tectonic incident.  Cronos halt kept most identified funds onchain  Li initially placed the

08-31انڈسٹری

3 Token Unlocks to Watch in the First Week of September 2026

The crypto market will welcome tokens worth around $1.5 billion in the first week of September 2026. Major projects, including Hyperliquid (HYPE), Ethena (ENA), and Sui (SUI), will release significant new token supplies.   These unlocks could introduce market volatility and influence short-term price movements. So, heres a breakdown of what to watch.  1. Hyperliquid (HYPE)Unlock Date: September 6Number of Tokens to be Unlocked: 9.92 million HYPEReleased Supply:464.91 million HYPETotal Supply:1 billion HYPE  Hyperliquid is a leading decentralized perpetual futures exchange built on its own Layer-1 blockchain. It offers high-performance trading with low latency, on-chain order books, and sub-second transaction finality.  On September 6, the team could unlock 9.92 million tokens worth $797 million. Tokenomist noted that this is a long-range estimate. The tokens account for 2.37% of the released supply.  Discover more  Investing In Digital Currencies And Crypto  Finance  FINANCE  HYPE Crypto Token Unlock in September. Source: Tokenomist  The team has allocated the unlocked supply to core contributors. Tokenomist pointed out that HYPE has historically claimed far fewer tokens than its projected unlock amounts.  2. Sui (SUI)Unlock Date:September 1Number of Tokens to be Unlocked: 13.53 million SUIReleased Supply:4.08 billion SUITotal supply: 10 billion SUI  Sui is a high-performance blockchain designed to provide scalability, low latency, and an architecture for decentralized applications

08-31انڈسٹری

Australian Dollar moves little following Chinas NBS PMI data

AUD/USD edges higher after opening at a bearish gap, remaining in the negative territory and trading around 0.7160 during the Asian hours on Monday. The currency pair holds steady as the Australian Dollar (AUD) experiences little movement following the release of China‘s NBS Purchasing Managers’ Index (PMI) data. Because Australia and China share strong trade ties, shifts in economic conditions within China frequently impact the performance of the AUD.  China‘s Manufacturing PMI rose to 49.8 in August, compared to 49.2 in the previous reading, China’s National Bureau of Statistics (NBS) reported on Monday. The reading came in above the market consensus of 49.7 in the reported month. The NBS Non-Manufacturing PMI steadied at 49.0 in August versus Julys 49.0 figure.  Australia‘s TD-MI Inflation Gauge rose to 4.8% year-over-year in August, from 4% in July. However, the monthly reading declined to 0.5% from the previous month’s 1%.  The upside of the AUD/USD pair could be limited as the US Dollar (USD) could rebound amid hawkish remarks from Federal Reserve (Fed) Chair Kevin Warsh. Warsh said on Friday at the Jackson Hole symposium that policymakers will “have work to do” if they were not confident cost-of-living pressures were easing for Americans. “We must be confident

08-31انڈسٹری

Japanese Yen seems vulnerable near one-month low, around 160.00 vs USD

The USD/JPY pair kicks off the new week on a subdued note and trades around the 160.00 psychological mark during the Asian session, just below a one-month high, touched on Friday. The fundamental backdrop, meanwhile, seems tilted in favor of bullish traders and suggests that the path of least resistance for spot prices remains to the upside.  The Japanese Yen (JPY) might continue with its relative underperformance amid market anxieties over Japans worsening public finances and expansionary fiscal policies. Adding to this, US Treasury Secretary Scott Bessent ‌said on Sunday that the recent JPY move is pretty well contained, dampening hopes for another joint Japan-US intervention. Furthermore, borrowing costs in Japan remain significantly lower than in other major economies, including the US, which keeps the so-called JPY carry trade active and acts as a tailwind for the USD/JPY pair.  The Bank of Japan (BoJ) increased its short-term policy rate to 1.00% in June, or the highest level in 31 years. Moreover, financial markets are pricing in an 80% chance that the BoJ will slowly narrow this difference with another rate hike in September. On the other hand, the Fed‘s benchmark rate ranges between 3.5% and 3.75%. Furthermore, Fed Chair Kevin Warsh’s hawkish

08-31انڈسٹری

Iceland EU Rejection Keeps Nation Outside MiCA Crypto Rules

Key TakeawaysVoters rejected resuming EU membership talks, keeping Iceland outside the EUs strict MiCA crypto framework.The 52.8% No vote preserves Icelands EEA status while highlighting a deep rural-urban divide.MiCA regulation will likely still impact Iceland in the future through eventual EEA agreement updates.  Iceland Says No To EU Talks, Maintains Own Crypto Framework  In a referendum held on August 30, Iceland, traditionally known as a bitcoin mining hub, rejected a proposal that would have paved the way for talks seeking to become a member state of the European Union.  According to numbers reported by RÚV, the countrys official broadcaster, the No option garnered support from 52.8% of the voters (105,339 votes) in a close call that evidenced the divide between urban areas, which supported resuming integration talks, and rural communities, which rejected these moves.  A Yes option victory would have implied a new move by Icelandic authorities to resume talks to become a member state, a process the nation started in 2009 but froze without an official withdrawal to this day.  The rejection of these talks implies that Iceland retains its status as a member of the European Economic Area and a signatory of the Schengen Agreement. This means that, while maintaining close relationships with

08-31انڈسٹری

Ethereum reclaims KEY level after 108 days - Why $2,500 matters next

Ethereums [ETH] 30% weekly rally has given investors their first conviction test at $2,500. Notably, this zone remains key since demand had been building for months at the bottom end of $1,900-$2,050.  Once that supply had run out, demanders moved quickly through the $2,568 level as volume exploded, indicating stronger participation behind the breakout.  However, the rapid advance by Ethereum into new ground stalled out just shy of $2,458. This indicates that bulls were yet to establish a solid floor at $2500.  Source: TradingView  The significance of that pause is maintained because thats where the cost is currently being absorbed as we approach the breakout highs. However, it still suggests that the bull run has not yet triggered an exodus.  Discover more  News  Brokerages & Day Trading  FINANCE  Moreover, the RSI also appeared to confirm this sentiment, falling back from over 90 to 70.81 as of writing, with no corresponding price drop.  Therefore, if bulls can get through to $2,500 again, it may create additional potential for an upward continuation to the previous breakout area at $2,568. On the other hand, if $2,426 is breached downward, it could indicate a growing amount of bearish pressure.  ETH reclaims realized price after 108 days  Ethereums push up to $2,500 has also altered how holders

08-31انڈسٹری

Polygon discloses security flaws fixed in recent hard forks

Polygon has disclosed several previously private security vulnerabilities that could have disrupted its proof-of-stake network, after deploying fixes through two recent hard forks.  The vulnerabilities affected Polygon‘s Bor and Heimdall clients and included denial-of-service risks, validator resource exhaustion and flaws affecting checkpoint and milestone processing, according to a Thursday disclosure from Polygon Labs’ Validators Support Team.  Polygon said the flaws were fixed through the Austin and Kyoto hard forks, which were deployed privately and tested before being activated on mainnet and publicly disclosed.  The most severe issue involved Heimdall, where a specially crafted transaction could force validators to perform excessive processing work, potentially disrupting the network. The Austin hard fork separately addressed two denial-of-service risks in Bor that could have slowed block processing or caused nodes to crash.  None of the vulnerabilities were observed being exploited on mainnet, according to Polygon, which said the fixes were deployed proactively before details were made public.  Nodes running older versions of either client past the hard fork activation heights have already fallen out of consensus and must upgrade to rejoin the canonical network, according to the disclosure. Bor v2.10.0 is required for all Polygon PoS nodes, while Heimdall v0.11.0 is required for validators and full nodes, with both

08-31انڈسٹری

Saylor signals Strategy is ‘Back’ to Bitcoin buying

Strategy‘s Michael Saylor said “We’re Back” in his latest signal on X (formerly Twitter) of the companys likely return to Bitcoin buying.  For market watchers, the post could be a strong psychological signal as Saylor has a track record of dropping cryptic weekend teasers that precede official Monday morning treasury purchase announcements.  Should that record, and community interpretation, hold true, his post points to the resumption of corporate Bitcoin accumulation following a notable summer hiatus.  To put the message in context, over the past two months, Strategy paused its regular weekly Bitcoin buying spree. Instead of expanding its crypto holdings, management pivoted toward bolstering its balance sheet. The firm focused on stabilizing its preferred stock offerings, building a $5.1 billion US dollar reserve, and introducing a dedicated $1.59 billion cash pool generated through massive common stock offerings.  Related: Strategys $66B Bitcoin machine hinges on capital markets, not BTC price: Report  This strategic breather coincided with a challenging market stretch that left Strategys industry-biggest BTC treasury sitting deep in the red on paper. However, recent macro momentum has propelled Bitcoin past the $80,000 threshold.  Because Strategy holds more than 840,447 Bitcoin at an average cost basis hovering around $75,385, the recent price recovery has pushed the firms

08-31انڈسٹری

Capital B raises $24.5M for its Bitcoin treasury amid market uncertainty with BlockStreams Adam Back chipping in

French Bitcoin treasury company Capital B announced that it raised €21.0 million ($24.5 million) through private share placement.  According to an Aug. 28 announcmeent, the fundraise was conducted at €0.58 per ABSA — one share bundled with four share-subscription warrants — without pre-emptive subscription rights. The raise saw the participation of legendary cypherpunk and Bitcoin-centric blockchain development firm CEO Adam Back as well as asset manager TOBAM.  If all the issued warrants were to be exercised, Capital B would see a further €135.8 million ($158 million) capital injection through the issuance of 144,876,280 ordinary shares. The company reserves the right to trigger an accelerated warrant exercise period if the volume weighted average price of its shares over the previous 20 trading days exceeds 130% of the exercise price of the relevant warrant tranche.  Capital B plans to use the proceeds of the raise to acquire 270 Bitcoin (BTC), raising its total holdings to 3,415 BTC. According to CoinMarketCap data, the company is currently the 29th largest publicly traded Bitcoin treasury company with 3,139 BTC in worth under $249 million in its coffers — behind Bitcoin Group SE with its 3,605 BTC worth under $286 million. While sizeable, Capital Bs Bitcoin holdings pale in

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