Crypto Industry News & Market Trends

CLARITY Act News: BlackRock Speaks on Bitcoin Regulation

In CLARITY Act news today, BlackRock head of digital assets Robert Mitchnick told CNBC on Wednesday that the CLARITY Act is less critical for Bitcoin than for the rest of the crypto market. He said Bitcoin had achieved a level of regulatory acceptance that most other digital assets had not.　　His remarks came as US spot Bitcoin exchange-traded funds pulled in $232.1M on Wednesday, extending an eight-day inflow streak to $2.8Bn, according to CoinGlass.　　Mitchnicks comments drew a distinction between Bitcoin and areas such as decentralized finance (DeFi) and other complex crypto categories. For those areas, he said, the regulatory picture remains unsettled.　　BlackRock Sees a Bigger Bitcoin Catalyst Than The CLARITY Act　　BlackRock digital assets head Robbie Mitchnick says Bitcoins $BTC long term case extends beyond the CLARITY Act.　　He pointed to Americas $40 trillion debt and persistent fiscal deficits as bigger structural factors.　　CLARITY Act News: Where the Bill Stands　　H.R. 3633, the Digital Asset Market Clarity Act of 2025, passed the House of Representatives by a 294-134 vote on July 17, 2025, according to the congressional record.　　The Senate Banking, Housing, and Urban Affairs Committee reported the measure with an amendment in the nature of a substitute on June 1, 2026. The Senate then received

08-28Industry

SUI Price Prediction: Longs Are Stacked and the Tape Is Lying — $0.79 Is the Only Number That Matters

Peter Zhang　　Aug 28, 2026 08:24　　SUI is coiled at $0.76 in a sub-1% range while whale accounts sit 75% long and taker sell volume outpaces buying by 40% — a clean break above $0.79 sends this to $0.83–$0.85, but failure here puts …　　The Immediate Setup　　SUI is doing absolutely nothing right now — and that‘s precisely what makes it worth watching. At $0.76, price spent the entire last 24 hours compressing into a $0.06 range on $68.7 million in Binance spot volume, printing a candle so flat it’s essentially a doji screaming indecision at full volume. The MACD histogram came in at a dead zero today, with the line and signal locked in a dead heat. When momentum flatlines this completely in mid-range, the market isn‘t resting — it’s loading. The RSI at 54 confirms neither camp has the wheel. Buyers showed up at $0.75 and defended it, but they couldnt push meaningfully higher. That asymmetry — holding the low, stalling at the high — is the entire story right now.　　Whats keeping SUI structurally intact is the moving average cushion underneath. Price is sitting comfortably above both the 20-day ($0.73) and 50-day ($0.72) SMAs, which have functioned as reliable floors. But the

08-28Industry

PayPal (PYPL) Plunges 13% After Stripe-Advent Consortium Abandons Takeover Bid

Key TakeawaysPayPal shares plummeted more than 12% during premarket hours following news that Stripe and Advent International terminated their $60.50-per-share acquisition proposalThe buyout consortium‘s proposal placed PayPal’s value at approximately $53 billion, dramatically lower than its 2021 valuation high of roughly $360 billionPayPals leadership had dismissed the acquisition proposal as insufficient, with industry experts pointing out it represented under 9x free cash flowInvestment manager Thomas Hayes supported the boards rejection, arguing it maintained “meaningful upside” for current investorsUnder CEO Enrique Lores, PayPal has undergone restructuring into three divisions: checkout, Venmo, and payments and crypto, driving a comprehensive transformation strategy　　Shares of PayPal (PYPL) plunged to approximately $53.20 during Friday‘s premarket session, falling sharply from Thursday’s closing price of $61.47, following Bloomberg News confirmation that Stripe and Advent International officially terminated their acquisition efforts.　　PayPal Holdings, Inc., PYPL　　The acquisition group had presented an offer of $60.50 per share during mid-July. This proposal placed PayPal‘s total valuation at around $53 billion. The company’s board of directors turned down the offer, characterizing it as insufficient.　　The announcement triggered an overnight decline exceeding 12%, erasing the stock appreciation that accumulated following the initial takeover reports in July.　　Discover more　　Selecting An Online Payment Gateway　　Comparing High-Yield Savings Accounts　　Choosing An Online

08-28Industry

UK crypto gains hit £1.38B as 240 investors report over £1M each

HM Revenue and Customs has recorded 240 UK taxpayers with more than £1 million ($1.36 million) each in crypto capital gains during the 2024-25 tax year, as the agency prepares to receive more investor data from exchanges under international reporting rules.　　According to HMRC statistics published on Aug. 27, 17,600 individuals reported crypto disposals subject to Capital Gains Tax during the period, generating £13.8 billion ($18.76 billion) in disposal proceeds and £1.38 billion ($1.87 billion) in gains.　　The 240 taxpayers at the top of the group accounted for £717 million ($974 million) of the gains reported to the agency. Across all individuals who declared taxable crypto disposals, the average gain stood at £78,000 ($106,000).　　HMRC published the figures as part of its annual Capital Gains Tax statistics, providing its first dedicated dataset for cryptoasset gains after changing how taxpayers report such transactions.　　HMRC records £1.38 billion in UK crypto gains　　The 2024-25 tax year was the first in which Self Assessment returns contained a separate section for reporting crypto capital gains. In earlier years, taxpayers declared crypto disposals within the general capital gains section, leaving HMRC without the same dedicated breakdown.　　Crypto disposals covered by Capital Gains Tax can include selling an asset, exchanging one cryptocurrency

08-28Industry

Kevin Warsh Faces First Jackson Hole Test With Markets Split on September Hike

Kevin Warsh is preparing to deliver his first Jackson Hole speech as Federal Reserve (Fed) Chair on Friday, and expectations extend well beyond whether interest rates will be raised or left unchanged in September.　　The Jackson Hole symposium, held from August 27 to 29, has the official theme “Financial Innovation: Implications for Payments and Policy.” However, investors are likely to pay much closer attention to what Warsh says, or does not say, about inflation, interest rates, and the recent heightened volatility in the US bond market.　　Since taking over at the Fed in May, Warsh has sought to reduce markets dependence on forward guidance. His objective is to allow economic data and markets to play a greater role in shaping interest-rate expectations rather than speeches from policymakers.　　This strategy, however, comes at a cost: Investors struggle to understand precisely how the new Fed‘s reaction function works. Jackson Hole could therefore become less about the next rate hike and more about Warsh’s credibility.　　Why Warshs Jackson Hole Speech Matters So Much　　Jackson Hole does not always produce a change in monetary policy. However, several Fed chairs have used the symposium to deliver messages that profoundly influenced financial markets.　　Ben Bernanke opened the door to further quantitative easing

08-28Industry

OP Price Prediction: $0.09 Support Is All That Stands Between a Bounce and a Flush to $0.08

James Ding　　Aug 28, 2026 08:22　　Optimism is hanging by a single cent of technical support as open interest craters nearly 10% in 24 hours and momentum goes completely dead. The 60/40 odds favor the bears — but a loaded short-sque…　　The Immediate Setup　　OP is not in a comfortable place this morning. At $0.09, it‘s finished a 4.6% down day sitting directly on the ledge where multiple structural supports converge — and every short-term moving average above it is pointing down like a loaded gun. The EMA 12, EMA 26, and SMA 7 are all clustered around $0.10, a full cent above, functioning as a ceiling rather than a magnet. That’s the kind of overhead resistance that doesnt just slow rallies — it strangles them.　　What makes this moment particularly tense is the near-total absence of momentum. Buyers haven‘t capitulated, but they’ve clearly stopped pressing. With stochastics sitting in the low 20s and mid-range RSI signaling neither oversold panic nor any hint of recovering strength, the market is caught in a holding pattern that feels increasingly unsustainable. Intraday range is compressed to a single cent, Binance spot volume barely cleared $3.6 million in 24 hours, and the ATR suggests this asset isnt generating the

08-28Industry

Grayscale Says Zcash Has 3 Features Bitcoin Lacks — and Room to Take Its Share

Grayscale Research says Zcash (ZEC) has a real chance of capturing Bitcoins (BTC) market share, citing three features that the largest digital currency lacks.　　The note landed as the asset manager launched the first spot ZEC exchange-traded product (ETP), and the token hit its highest price since 2018.　　Sponsored　　Sponsored　　Bitcoin Controls 93% of the Currencies Sector　　Grayscale sorts crypto assets by use case through its Crypto Sectors framework. Bitcoin accounts for 93% of the Currencies category by market capitalization.　　Head of Research Zach Pandl wrote that earlier rivals such as Litecoin (LTC) did not mount a serious challenge. He added that deep network effects have kept rivals small. Many investors never diversify past Bitcoin inside the category, he added.　　The gap remains wide today. Bitcoin trades near $78,645, with a market cap of roughly $1.58 trillion.　　Zcash sits far behind, with ZEC trading near $790 and a market value of about $13.3 billion. That ranks it 12th overall.　　The token is therefore worth less than 1% of Bitcoin. It reached that level after rising roughly 19-fold over the past year.　　Sponsored　　Sponsored　　Grayscale reads that distance as room for competition rather than evidence against it.　　The 3 Features Grayscale Says Bitcoin Lacks　　Pandl framed Zcash as a second mover with advantages that Bitcoin

08-28Industry

Circle gives legacy USDC apps 95 days before old cross-chain transfer routes stop working

Circles CCTP V1 deprecation gives developers still using the first version of its Cross-Chain Transfer Protocol (CCTP) 95 days to migrate before the legacy contracts stop processing USDC transfers.　　Related Company Circle Global crypto finance company　　The company said CCTP V1 burn limits will begin falling on Oct. 31. A burn limit caps how much USDC can be destroyed on one chain for reminting on another. Circle plans to reduce those limits and transfer capacity through November, then pause the contracts on Dec. 1. Any integration still pointing to V1 at that point will no longer move USDC across chains.　　The cutoff governs cross-chain routing. Circles migration guide says users will retain access to funds during the phase-out and pending redemptions will remain available. An attestation is Circles signed approval for USDC burned on a source chain to be minted on a destination chain. Circle said it will keep enough minting capacity available to complete outstanding attestations before V1 is fully paused.　　Related Asset USDC USDC · Stablecoin　　CCTP V1 deprecation: code changes and exposed routes　　The migration requires code changes. CCTP V2, now branded simply as CCTP, uses different contract addresses, interfaces and APIs and is incompatible with V1.　　Integrators must point to the V2 versions

08-28Industry

California lawmakers pass bill targeting meme coins issued by public officials

California lawmakers have passed AB 2409, which would prohibit state and local public officials from issuing meme coins and restrict digital asset platforms from offering certain official-linked tokens to California residents beginning in 2027.　　SummaryCalifornia lawmakers passed AB 2409, which would prohibit state and local public officials and certain public employees from issuing meme coins.Digital asset service providers would face restrictions from Jan. 1, 2027, on certain newly issued meme coins offered by or in partnership with covered public officials.The Attorney General could seek injunctions and disgorgement, while district attorneys, city attorneys and county counsel could enforce the prohibition on officials issuing meme coins.The bill cleared both legislative chambers and now heads to Gov. Gavin Newsom for consideration.　　The California Legislatures latest text for Assembly Bill 2409, introduced by Assembly Member Avelino Valencia, sets separate rules for public officials and digital asset service providers as the measure heads to Gov. Gavin Newsom for consideration.　　The Senate passed the bill on Aug. 26, and the Assembly later concurred with the Senate amendments in a 78-0 vote. The measure was sent for engrossing and enrolling after clearing both chambers.　　AB 2409 would prohibit California officials from issuing meme coins　　Under AB 2409, a public officer or public

08-28Industry

STX crypto review 2026: Tokenomics, BTC yield and staking demand

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.　　Stacks growing role in Bitcoin DeFi could strengthen demand for STX, positioning the token as a high-potential Bitcoin investment.　　SummarySTX draws demand from Stacks network fees, BTC rewards through Stacking, and potential Bitcoin Staking capacity.Stacks positions STX as a higher-beta Bitcoin play, with token demand linked to Bitcoin-native apps, Stacking, and future staking.STXs investment case rests on growing Bitcoin activity on Stacks, with network utility and Bitcoin Staking driving potential demand.　　The strongest crypto investment cases usually begin with a simple question: what creates demand for the token beyond speculation？　　For STX crypto, the answer comes from a growing set of roles tied to Stacks (STX), a Bitcoin layer built for smart contracts and Bitcoin-native financial applications. STX pays network fees, participates in the Proof of Transfer consensus system, can earn rewards paid in BTC through Stacking, and is set to serve as the capacity asset for Stacks proposed self-custodial Bitcoin Staking product.　　That combination places the STX token in a different category from assets whose utility depends mainly on governance or incentive emissions. Its investment case rests on whether Stacks can attract more

08-28Industry

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