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Bitcoin slips to $77,800 as Senate Clarity Act vote nears and oil prices climb

Bitcoin pulls back from $79,000 as the Senate prepares to vote on the Clarity Act and oil prices rise.
U.S. House panel shares crypto tax bill ahead of hearing later this week

The House Ways and Means Committee published a crypto tax bill addressing de minimis transactions, staking and other issues for which the industry's clamored for policies.
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Democrats send counteroffer to Republicans over Clarity Act provisions

Democratic Senators were said to be meeting late Monday to discuss the latest proposed draft text.
Solana transactions just got more than 3 times bigger, giving an edge over Ethereum

Transaction V1 raises Solana’s limit to 4,096 bytes from 1,232, giving developers more room for multi-step trades, company-wallet approvals and privacy proofs.
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U.S. DOJ seeks $61 million in what it calls Iran's crypto-laundered black market oil sales

Prosecutors have filed a civil forfeiture complaint against what they call Iran's illegal crypto proceeds that are used to fund its military.
XRP Ledger is one vote away from starting its next big payments upgrade

Batch V1.1 would let users bundle up to eight linked transactions into one operation, with 27 of 35 trusted validators now backing the change.
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Live updates: Bitcoin slides from nearly $80,000 as Senate votes on Clarity Act

Senators take a procedural vote on the crypto market structure bill later Tuesday. Bitcoin has given back 3% since touching $79,530 overnight, with XRP and zcash the only majors gaining ground.
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Hong Kong crypto exchange CoinEx to cease operations after 9 years in business

Founder and CEO Haipo Yang cited mounting security and compliance risks and said he rejected a sale in favor of a β€œclean ending.”
Nigel Farage-backed Stack BTC eyes $16 million gold dealer deal to fund bitcoin buy

The proposed acquisition would use cash flow from precious metals sales to build bitcoin holdings.
How a simple coding mistake let a hacker drain $7.8 million from a crypto wallet

Security firms traced the $7.8 million loss to a helper contract the wallet owner had authorized, not to Safe itself.
Bitcoin gives back Monday's gain as Clarity Act odds fade on Polymarket

Bitcoin fell 1.7% since midnight UTC to $76,862, unwinding a late Monday rally as Polymarket odds on the Clarity Act becoming law this year halved overnight.
Why banks should stop worrying and learn to love the Clarity Act

They could be the biggest winners from regulatory clarity, argues Alex Tapscott, CEO of CMCC Global Capital Markets.
Velocity extends Series A to $48M at $200M valuation with backing from Visa, Circle, and Ripple

The investment brings Velocity's Series A round to $48 million and values the London-based payments infrastructure firm at $200 million, CEO Eric Queathem said.
Standard Chartered expects Arbitrum's ARB rising 70-fold to $10 citing Robinhood Chain revenue

The bank expects tokenization to make Arbitrum a favored network for traditional finance, even though ARB holders currently have no direct claim on the fees.
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A hacker turned 25 cents of bitcoin into 46 billion fake BTC tokens on a DeFi bridge

Two software bugs allowed the attacker to create more than 2,000 times Bitcoin’s maximum supply in unbacked syBTC. Symbiosis puts preliminary losses at 9.97 BTC.
Crypto Clarity Act barrels toward disappointment barring last-minute Senate turnaround

As the parties dig in their heels, the market structure bill hasn't yet amassed the votes it would need to clear the first Senate hurdle scheduled for Tuesday.
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Solana lender Kamino taps Yieldstreet co-founder as CEO in Wall Street expansion

Michael Weisz will lead Kamino from a new New York headquarters as the DeFi lender is expanding into tokenized assets.
Crypto Clarity Act flames out in failed U.S. Senate vote

The years-long effort to set U.S. regulations for crypto markets couldn't muster enough support to make the leap over the Senate's final 60-vote hurdle.
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Clarity Act fails in Senate: Here is how the crypto industry is reacting

One of the most crucial U.S. regulations for crypto markets couldn't secure enough support to clear the Senate's final 60-vote hurdle.
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Crypto stocks sink after Senate rejects Clarity Act

Coinbase, Circle and Galaxy lead a broad crypto stock selloff after the U.S. Senate failed to advance a long-awaited market structure bill.
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