Circle Launches Arc Mainnet With USDC Gas

USDC issuer Circle has launched the mainnet of Arc, a layer-1 (L1) blockchain targeting stablecoin payments and financial markets, particularly agentic transactions. Arc uses USDC as its native gas asset and offers Ethereum Virtual Machine (EVM) compatibility and deterministic sub-second settlement finality, according to an Arc blog post on Wednesday. The network supports more than…

CLARITY Act Odds Sink Amid Democratic Opposition to GOP Deal

Odds of the CLARITY Act becoming law this year on Polymarket fell sharply again on Monday after spiking the day before, as key Senate Democrats reportedly said they had not been swayed by Republicans’ “final” crypto bill proposal.   Polymarket traders initially saw a newly revised Republican proposal with expanded ethics provisions as a positive sign,…

Bitcoin Investors Send BTC to Exchanges at Loss After CLARITY Act Failure

Bitcoin (BTC) demand is under pressure in the US as investors react to the failure of the CLARITY Act to advance in the Senate. Key points: Bitcoin’s Coinbase Premium Index fell to -0.079 on Tuesday, its lowest level since Aug. 16. US sell-side pressure diverged from other major exchanges as the CLARITY Act failed to…

The Fed rate decision is shaping up to be a nightmare for Warsh. Bitcoin might still shine

According to Brooks, the primary narrative is not today’s anticipated rate hike, but rather the additional policy tightening expected later this year. Warsh may therefore struggle to deliver a message that aligns with the aggressive pricing currently seen in the markets. “Tomorrow’s Fed meeting is a nightmare for Warsh. There’s no way he can live…

Crypto Turns to Regulators After CLARITY Setback

Crypto industry leaders are looking to US financial regulators to fill the regulatory gap after a major crypto bill establishing a regulatory framework for digital assets stalled in the Senate on Tuesday. The Senate voted 49-50 on a motion to invoke cloture and advance the CLARITY Act, short of the 60 votes needed as Democrats…

There were many conductors in the derailment of the crypto industry’s Clarity Act

When the legislative talks picked up pace again, it was already late in the congressional session, with lobbyists and lawmakers well aware that the election was looming that would make it harder to secure bipartisan legislative work. All along, the ethics question stood as the center of debate and the aspect that needed to be…

Crypto stocks slide after CLARITY Act fails to advance in Senate

Circle and Coinbase shares fell about 10% as the failed Senate vote weighed on crypto-linked equities, with Bitcoin miners and treasury companies also declining. Source link

Bitcoin Drops to $75.6K on CLARITY Act Uncertainty and a Fresh Bond-Yield Surge

Bitcoin (BTC) saw month-to-date lows at Tuesday’s Wall Street open as global bond yields spiked and crypto markets awaited a key US Senate vote on the CLARITY Act. Key points: Bitcoin dropped to $75,560, its lowest level so far in September ahead of the US Senate’s procedural vote on the CLARITY Act. Global bond yields…

MEV Bot Front-Runs $7.7M Ethereum Wallet Exploit

An attacker exploited a custom module connected to an Ethereum Safe wallet in an attempt to extract roughly $7.7 million in rsETH, only to have the funds intercepted by an MEV bot. According to blockchain security firm Blockaid, the attacker used a public keeper multicall to direct a custom Uniswap v4 liquidity module into an…

DOJ Seeks $61M USDT Forfeiture Tied to Iranian Oil Sales

The US Department of Justice (DOJ) is seeking forfeiture of more than $61 million in Tether’s USDT stablecoin, alleging the funds came from black-market sales of sanctioned Iranian oil and were intended to finance Iran’s government and military, including the Islamic Revolutionary Guard Corps (IRGC).  On Monday, the DOJ alleged that Blessed Trust and Hexa…