US Senate pushes CLARITY Act vote to September

Senate Republican leaders are expected to leave for their August recess without voting on crypto market structure legislation, delaying consideration of the bill until at least September, according to a report from Politico.  Senate Majority Leader John Thune confirmed that the chamber would not vote on the legislation before the recess, citing Democratic opposition and saying it would be prioritized when senators return next month.  “The Dems are insistent on no Clarity vote,” Thune said, according to comments his office provided to Cointelegraph. “I worked with sponsors of the bill. Senator Lummis was great, and were getting that queued up first thing when we come back.”  The postponement leaves one of the crypto industry‘s top legislative priorities unresolved and compresses the Senate’s timetable for advancing the bill. Without sufficient Democratic support, Republicans may struggle to secure the 60 votes generally needed to overcome a filibuster.  September delay narrows path for CLARITY Act  Thunes remarks come after comments from Senate Banking Committee Chair Tim Scott, who said on Thursday the chamber should hold its first vote on the CLARITY Act before the recess “without any question.”  Scott said Thune still had time to schedule the procedural vote and that Republicans were gaining support for it.  The CLARITY Act

08-07انڈسٹری

Proposed CLARITY ethics deal could save Trump millions in taxes: Bloomberg

A bipartisan ethics proposal pitched to US President Donald Trump to secure passage of the crypto market structure bill in Congress could create a significant tax benefit for the president, Bloomberg reported Thursday.  The ethics addendum, which has not been made public, includes a provision requiring the president to divest from crypto-related businesses, according to people familiar with the matter. The proposal would reportedly allow Trump to defer capital gains taxes on any required divestitures, potentially leading to tax savings in the millions.  Democratic concerns over Trump‘s crypto conflicts have been a central obstacle to passing the market-structure bill. Senators have been working on an ethics addendum meant to break that impasse, though the reported tax-deferral benefit could become another point of contention for Democrats to question whether the president’s financial interests are genuinely curbed.  Cointelegraph reached out to the White House for comment but did not receive an immediate response.  Related: US Senate pushes CLARITY Act vote to September: Report  Trumps annual financial disclosure report for 2025, released at the end of June, revealed the US president saw $1.4 billion in income from crypto-related ventures last year.  According to the 927-page disclosure, the licensing and sale of memecoins such as Official Trump (TRUMP) generated the

08-07انڈسٹری

Gold ETFs Add $3 Billion in July Reversing Two-Month Outflow Streak

Global gold-backed exchange-traded funds (ETFs) attracted $3 billion in July, reversing two straight months of outflows and lifting total assets under management 1% to $530 billion.  The turnaround coincided with gold ending a four-month losing streak, and the metal has carried that momentum into August.  Sponsored  Sponsored  Europe Drives the July Turnaround  Fund flows offer a close read on how investors view gold, and July marked a clear shift back toward the metal. European funds supplied most of the fresh money, adding $2 billion over the month.  The United Kingdom led that group with $875 million, while Switzerland followed at $657 million. Asian funds bought $616 million, keeping the region the largest contributor to inflows in 2026.  Follow us on X to get the latest news as it happens  Gold ETF Flows in July. Source: World Gold Council  North America swung back to positive flows, though its $71 million addition was slim. That region still holds the only net outflow position among major markets for the year to date, a signal that US investors remain cautious. The mixed picture kept the global recovery uneven.  Total holdings across all funds rose 23 tonnes to 4,068 tonnes, the World Gold Council reported. That level sits below the record 4,176 tonnes set on

08-07انڈسٹری

Upbit lists Block Street (BSB) across KRW, BTC, USDT

Upbit will add Block Street (BSB) to its Korean won, Bitcoin and USDT markets on Aug. 7, giving the token three new spot pairs in South Korea.  According to Upbits official listing notice, the exchange scheduled trading for 3:00 p.m. Korea Standard Time and said deposits and withdrawals would initially be supported only through Ethereum.  신규 디지털 자산 블록스트리트(BSB) 거래지원 안내  ✅ 지원 마켓: KRW, BTC, USDT 마켓  ???? 거래지원 개시 시점 : 2026-08-07 15:00 KST 예정  ????공지 바로가기:https://t.co/4dv2uwnLvw#Upbit #BSB@BlockSt_HQ pic.twitter.com/WdsEE0qJ4J  — Upbit Korea (@Official_Upbit) August 7, 2026  Upbit also warned that the trading start could be delayed if adequate liquidity is not secured. The exchange said users should verify the supported network before transferring BSB because deposits sent through unsupported networks may require a lengthy return process.  Upbit will impose temporary BSB trading limits  Upbit plans several restrictions during BSB‘s opening period. Buy orders will be blocked for about five minutes after trading begins. During the same period, sell orders priced more than 10% below the previous day’s closing price will also be restricted.  In addition, Upbit will allow only limit orders for roughly two hours after trading support starts. The exchange cited a previous closing price of 211.09 KRW and a recent reference price of 222.34 KRW at

08-07انڈسٹری

Cathie Wood's Ark Invest buys $21 million in Block as stock drops 6%

Quick TakeArk Invest bought $21 million worth of Block Inc. and $2.3 million worth of SpaceX shares on Thursday.Blocks stock fell 6.15% on Thursday as the company posted rising operating expenses in Q2, despite cutting 40% of its workforce in February.  Ark Invest bought additional shares in Block Inc. (XYZ) as the stock dipped 6% on Thursday.  The investment firms latest disclosure shows that it added 267,676 shares of the bitcoin-focused fintech company across Ark Innovation ETF (ARKK), Ark Next Generation Internet ETF (ARKW), and Ark Blockchain s stock fell 6.15% on Thursday to close at $79 — meaning that Arks latest purchase of the firms shares is valued at $21 million.  The companys investment strategy does not allow an individual holding to exceed 10% of a funds portfolio to maintain diversification within its ETFs. According to its fund disclosure, Block is the 10th-largest holding within ARKW, with a total value of $60 million and a 3.51% weight.  The Jack Dorsey-led fintech reported solid second-quarter financial results on Wednesday. Its revenue came in at $6.62 billion, up 9% year-over-year, exceeding expectations, while adjusted earnings per share came in at $1.02, up 65% year-over-year. The firms gross profit also grew 25% to $3.17 billion.  However, analysts

08-07انڈسٹری

Senate won't vote on crypto Clarity Act before its summer break

But many of the issues holding the bill up are now political, rather than strictly about the language in the legislation.  Lawmakers have come to agreements on the vast majority of their outstanding issues on the bill, which saw independent approvals from the Senate Banking Committee and Agriculture Committee. The biggest remaining issue was an agreement on a so-called ethics provision targeting Trump, who disclosed he made north of $1 billion from his various crypto businesses in 2025.  While Trump had agreed to an ethics provision brokered by Senator Cynthia Lummis, Senate Democrats — and some Republicans, including Thom Tillis — said they had concerns with the language. Tillis and Senator Ruben Gallego drafted a counter-proposal, which they said they sent to the White House at the end of July. The White House has not publicly responded as of press time.  Other outstanding issues include Agriculture Committee provisions and law enforcement concerns, a Senate aide told CoinDesk on Wednesday. Stablecoin yield and rewards are also still being discussed.  The next major procedural question is when Thune will file for cloture on the Clarity Act. If he files for cloture before the Senate leaves town this month, lawmakers can hold the first procedural vote on

08-07انڈسٹری

Tom Lee Sees S&P 500 at 8,000, Names Ethereum the Next Rally Leader

Fundstrats Tom Lee said on CNBC he expects the S&P 500 to reach 7,900 to 8,000 this month.  He also named Ethereum as an unexpected leader of the next leg higher, alongside the Magnificent Seven and software stocks.  Sponsored  Sponsored  Lees case for an August breakout  Lee said a deleveraging event a few weeks ago pushed cash to the sidelines. It also left investor sentiment too bearish, he said.  He added that strong earnings and cooling inflation fears are now driving a “chase” higher. AI spending also remains a strong theme, Lee said.  The anchor framed the recent pullback as froth clearing, not a fundamental shift. Lee agreed, then pointed to fresh earnings data.  This quarter‘s results are running more than $15 ahead of estimates set at the quarter’s start, Lee said. He added that 2027 earnings estimates have risen $8, nearing 410, with room to reach 425 by seasons end.  Sponsored  Sponsored  Lee is no stranger to bold S&P 500 calls. He made a similarly aggressive prediction last November, and other strategists have floated comparable 8,000 targets for this year.  Ethereums unusual role in the bull case  Lees Ethereum comment came with an important caveat. He was not saying Ethereum would push the S&P 500 higher, but rather play a role on

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Zeus Wallet taken offline after cyberattack, says no customer funds at risk

Zeus Wallet, a self-custodial Bitcoin Lightning Network wallet, took its infrastructure offline after a cybersecurity incident on Wednesday, and is auditing its systems before restoring services.  In an X post announcing the incident, Zeus said the attack did not put customer funds at risk and that it had no evidence the incident affected Lightning node software. “Based on our investigation so far, we believe this incident was limited to Zeus infrastructure,” Zeus founder Evan Kaloudis said in a company blog post.  According to Kaloudis, Zeus mitigated the attack within hours. He said that customers whose Lightning Service Provider (LSP) channels closed during the incident will receive replacement channels once services resume.  The company did not disclose the nature of the attack or provide a timeline for restoring operations. Zeus said the incident reinforces its work on trusted execution environments, also known as enclaves, and the Validating Lightning Signer (VLS) project to strengthen its infrastructure.  Zeus‘ move follows its Monday announcement that it would disable swaps following Boltz’s decision to halt operations. Boltz, a non-custodial Bitcoin swap service, said that its platform would remain disabled until further notice.  Cointelegraph requested Zeus provide additional details about the incident but had not received a response by publication.

08-07انڈسٹری

US Senate pushes CLARITY Act vote to September: Report

Senate Republican leaders are expected to leave for their August recess without voting on crypto market structure legislation, delaying consideration of the bill until at least September, according to a report from Politico.  Senate Majority Leader John Thune on Friday reportedly confirmed a Politico report that the chamber was “punting” the vote until the Senate is back from recess in September.  Citing two people with knowledge of the matter, Politico reported that the CLARITY Act lacks sufficient Democratic support to advance. Negotiations remain underway.  Thune may still file cloture before the recess. This procedural step could position the bill for a vote when senators return in mid-September, but it would not constitute a vote on the legislation, according to sources.  The sources said Democrats have declined to approve a time agreement that would expedite the Senates remaining pre-recess business and allow the crypto bill to reach the floor.  According to the report, Republican leaders would need unanimous consent from all 100 senators to complete the outstanding items without extending the session deep into next week.  Cointelegraph reached out to Thunes office to confirm the timetable and ask whether he plans to file cloture before the recess, but had not received a response by publication.

08-07انڈسٹری

Senate delays Clarity Act vote until after August recess, Thune confirms

Quick TakeSenate Majority Leader John Thune (R-S.D.) confirmed with The Block that the Senate is delaying a vote on the Clarity Act until lawmakers return from their August recess.“Were getting that queued up first thing when we come back,” said Thune.  The U.S. Senate is delaying a vote on the Clarity Act, a landmark crypto market structure bill, until lawmakers return from their August recess next month.  Senate Majority Leader John Thune (R-S.D.) confirmed with The Block late Thursday that the Senate is pushing back a procedural vote for the Clarity Act until September.  “Well, the Dems are insistent on no Clarity vote. Anyway, I worked with sponsors of the bill,” Thune said. “Senator [Cynthia Lummis] was great, and were getting that queued up first thing when we come back.”  The Senate is set to leave on a month-long recess starting on Friday and will be back in Washington in mid-September for a few weeks. Attention is likely to be focused on, and will increasingly shift, to elections in November — leaving the few weeks in September pivotal to passing crypto legislation.  A source familiar with the matter said Senate Democrats were reluctant to take the vote due to its potential political implications ahead of

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