Latest Crypto News & Market Updates

Galaxy lowers CLARITY Act odds to 10%

Galaxy Digital has lowered its estimate of the Digital Asset Market Clarity (CLARITY) Acts chances of passing in 2026 to 10%.　　It warned that multiple political issues remain unresolved and the Senate will have only about two to three weeks to pass it when it reconvenes on Sept. 14.　　Unless an initial motion to proceed vote occurs immediately upon lawmakers‘ return to Washington, there would be enough time for the CLARITY Act to pass the Senate only if it “dominates basically the entire working session,” wrote Galaxy’s head of firmwide research, Alex Thorn, in a Friday X post.　　Thorn added that lawmakers would still have to work through multiple issues, including ethics rules for government officials involvement in crypto and pressure from banks over stablecoin yield provisions.　　Galaxy lowered its previous estimate from 60% to 50% on June 26, after cutting it from 75% to 60% on June 6. Its 75% estimate was set on May 22.　　The CLARITY Act aims to establish the first regulatory framework for digital assets in the US, but it has faced criticism. It cleared the Senate Banking Committee in May, but most Democrats and the banking industry pushed back, arguing that it would allow crypto firms to offer yields

08-15Industry

African financial company issues first $431 million digital bond

Africa Finance Corporation has raised 350 million Swiss francs or about $431 million, through its first digital bond, becoming the first African institution to issue such debt through a regulated exchange and central securities depository.　　AFC digital bond raises $431 million　　Ledger Insights reported that Africa Finance Corporation issued the five-year bond through SIX, using its SDX digital platform for clearing and settlement. The transaction represents the first digital bond from an African institution to be processed through both a regulated exchange and a central securities depository.　　Priced with a coupon of 1.4925%, the 350 million-franc bond is among the larger digital debt issues completed through the Swiss platform. UBS issued a 375 million-franc digital bond in 2022, according to Ledger Insights.　　AFC separately described its offering as the largest Swiss franc-denominated digital bond from an international issuer. The company said it was also its fourth and largest bond issued in Swiss francs, following a 150 million-franc green bond completed in 2020.　　Investor demand came mainly from Switzerland, with domestic accounts contributing about 90% of the orders and international investors providing the remaining 10%, according to AFC. Banks and other financial companies accounted for 57% of the order book, while asset managers represented 37% and

08-15Industry

Binance Gen Z traders lift ETF share to 25%

Gen Z traders on Binance have increased the ETF share of their equity trading volume to 25% in early August as their allocation to individual stocks has declined.　　SummaryETFs accounted for 21.9% of Gen Z net equity inflows in July, up from 18.5% in June.Individual stocks received 74.2% of July inflows, compared with 77% one month earlier.Gen Z averaged fewer monthly trades than Millennials and Gen X across the products studied.Binance warned that its short direct-equities data window limits conclusions about lasting behavior.　　Binance Research found that exchange-traded funds are taking a larger share of Gen Z equity activity across the exchanges direct-equity, tokenized-stock, and traditional finance perpetual products.　　The research compared trading frequency, net capital flows, and leverage use among Gen Z, Millennials, Gen X, and Baby Boomers. While the youngest group increased its ETF allocation, the figures also showed that Gen Z generally traded less often than other working-age generations.　　During July, ETFs received 21.9% of Gen Zs net equity inflows, rising from 18.5% in June. Over the same period, the share directed toward individual stocks fell from 77% to 74.2%.　　By early August, ETFs represented 25% of the cohorts equity trading volume, adding another data point to the increase recorded in July.

08-15Industry

Bithumb posts $15.7M Q2 loss as revenue falls 36%

Bithumb has reported a 21.8 billion won, or about $15.7 million, net loss for the second quarter of 2026 as revenue fell 35.8% from a year earlier.　　SummaryBithumbs second-quarter revenue fell 35.8% to 86.3 billion won.The exchange swung from a 22 billion won profit to a 21.8 billion won loss.First-half revenue dropped 48.7%, while the net loss reached 108.7 billion won.Lower Korean crypto trading activity has reduced fee income across the domestic market.　　According to Yonhap News Agency, Bithumb moved into the red during the three months through June after recording a 22 billion won net profit in the same quarter of 2025.　　Bithumbs quarterly loss has narrowed from Q1　　Although the companys latest result represented a year-on-year reversal, the second-quarter loss was smaller than the 86.9 billion won deficit reported during the first three months of 2026. The figures show Bithumb remained profitable at the operating level even as asset-related losses pulled its final result below zero.　　Quarterly revenue reached 86.3 billion won, compared with about 134.4 billion won a year earlier. Operating profit fell 44% over the same period to 12.1 billion won, down from roughly 21.6 billion won.　　Transaction commissions accounted for almost all of Bithumbs operating revenue during the quarter. Local reports

08-15Industry

Crypto VC will prioritize quantum-ready infrastructure heading into 2027, Moon Pursuit founder says

Moon Pursuit Capital founder Utkarsh Ahuja has said crypto venture investors will prioritize quantum-ready infrastructure heading into 2027 as global VC investment reached $227.4 billion in the second quarter.　　KPMGs latest Venture Pulse report found that global venture funding recorded its second-highest quarterly total in Q2, although much of the capital went to large companies working in AI and other advanced technologies.　　VC-backed companies raised $227.4 billion across 8,440 deals, down from the record $332.9 billion invested during Q1. OpenAI‘s $122 billion round had lifted the first-quarter total, while Anthropic’s $65 billion financing provided the largest contribution in Q2.　　US companies received $144.9 billion across 3,644 deals, accounting for nearly 64% of global investment. Other major US transactions included a $12 billion round for AI modeling company Project Prometheus and a $5 billion raise by defense technology company Anduril Industries.　　Within the quantum-computing sector, investment slowed from the record pace recorded in 2025 but remained active, according to KPMG. Netherlands-based QuantWare raised $178 million, Germanys eleQtron secured $66 million, and Quantinuum raised $1.6 billion through a Nasdaq listing that valued the company at $17.6 billion.　　Crypto VC could fund quantum preparation before the threat arrives　　Ahuja told crypto.news that investors will need to consider quantum risks

08-15Industry

Trump expected to attend White House meeting with crypto CEOs, sources say

SummaryPeople involved in a White House innovation meeting next week have been advised that President Donald Trump is planning to attend, alongside a number of crypto CEOs involved in a new Commodity Futures Trading Commission advisory committee.The meeting is a prelude to the innovation committees Thursday inaugural event, at which the long list of CEOs from crypto, prediction markets and AI will discuss their industries.　　President Donald Trump is expected to be in attendance when the administrations new innovation committee — a crowd of crypto CEOs and leaders of prediction market and AI companies — sits for a White House meeting on Wednesday, said people briefed on the planning.　　The chief executives of companies such as Coinbase, Ripple, Gemini, Robinhood, Polymarket and Kalshi are members of the new Innovation Advisory Committee at the Commodity Futures Trading Commission, but before they attend their first committee meeting on Thursday, the crypto CEOs will gather for the White House meeting, said the people, who asked not to be named, and participants have been told Trump is planning to attend.　　The meeting, expected to be held at the Eisenhower Executive Office Building next door to the White House, is meant to get a policy dialogue started in

08-15Industry

JPMorgan cuts Polymarket banking ties over regulatory concerns: Report

JPMorgan Chase ended a banking relationship with Polymarket over regulatory concerns, according to the Financial Times.　　JPMorgan notified the prediction market platform in October 2025 that it needed to find a new bank, the Financial Times reported Friday, citing people familiar with the matter. Polymarket now works with an unidentified lender.　　Still, JPMorgan has maintained other ties with Polymarket. The bank is allegedly keen on a potential underwriting role should Polymarket attempt to go public. Polymarket reportedly said that it continues to have a “close, active relationship” with JPMorgan.　　Cointelegraph has approached JPMorgan and Polymarket for comment.　　Prediction markets are facing increasing regulatory scrutiny in the US and abroad. More than a dozen US states have taken legal action against Polymarket, Kalshi or both over sports event contracts, while authorities in several countries have also blocked or restricted access to Polymarket.　　Magazine: Why Argentina is blocking Polymarket despite its global growth

08-15Industry

Shinhan Asset Management partners with Plume on tokenized fund pilot

South Koreas Shinhan Asset Management signed a memorandum of understanding (MOU) with tokenization-focused blockchain network Plume to develop a proof of concept for a Korean won-denominated tokenized fund.　　The pilot project will use a Shinhan won-denominated ultra-short-term bond fund as its underlying asset and BlackRocks BUIDL tokenized fund as a benchmark to test the issuance and distribution process, Shinhan said on Friday.　　The companies will also test compliance requirements for tokenized investment products, including whitelist-based transfer restrictions, onchain operations, Know-Your-Customer checks and Anti-Money Laundering controls.　　Shinhan said the pilot is intended to test the overseas use of won-denominated financial products in onchain markets that have largely developed around dollar-denominated assets.　　In April, fellow Shinhan Financial Group affiliate Shinhan Card signed an MOU with the Solana Foundation to test stablecoin payment technology and explore the use of non-custodial wallets. Another group affiliate, Shinhan Bank, completed a stablecoin remittance pilot in July 2023.　　Magazine: South Korea lifts 9-year corporate crypto ban: What the policy change means

08-15Industry

Gen Z favors ETFs and trades less than older cohorts: Binance

Gen Z traders on Binance are allocating a growing share of their equity activity to exchange-traded funds (ETFs), with the products accounting for 25% of the cohorts trading volume in early August, according to Binance Research.　　ETFs accounted for 21.9% of Gen Z net equity inflows in July, up from 18.5% in June, while the share going to individual stocks fell to 74.2% from 77%.　　The analysis examined activity across direct equities, tokenized stocks and traditional finance perpetuals, comparing Gen Z accounts with Millennials, Gen X and Baby Boomers on measures including trading frequency, net flows and leverage use.　　The younger cohort traded less frequently than other working-age generations across all three products. Gen Z averaged 13 monthly trades in TradFi perpetuals, compared with 17 for Millennials and 16.5 for Gen X.　　Among Gen Z direct-equity accounts, 22% had never placed a sell order, compared with 19% of Gen X accounts and 9% of Baby Boomer accounts. Millennials had the highest share of buy-only accounts at 30%. Among those Gen Z buy-only accounts, top assets by cumulative purchases included Broadcom, Tesla and the Schwab US Dividend Equity ETF, according to Binance.Net buyers by generation and product. Source: Binance　　Gen Z also showed relatively little appetite

08-15Industry

Coinbase, Ripple to join Aug. 19 White House crypto meeting

Coinbase and Ripple executives have been named among the expected attendees at an Aug. 19 White House meeting involving at least six crypto and prediction market companies.　　Semafor reporter Eleanor Mueller said executives from Coinbase, Ripple, a16z, Chainlink, Paradigm and Kalshi were expected to attend the White House meeting, citing people familiar with the plans.　　News: Executives from Coinbase, a16z, Ripple s meeting at the WH, people familiar with it tell me.　　Trump plus Selig s.. outcome, we expect the Commission to publish the texts of Reg Crypto, the Innovation Exemption, or both in the next several weeks, another reminder that the crypto industry is poised for… a positive reg environment even without CLARITY” https://t.co/rzWahIIGyi　　— Alex Thorn (@intangiblecoins) August 14, 2026　　A separate Kalshi contract provided a more favorable reading for an earlier procedural event. As of Aug. 11, traders assigned an 88% probability that the Senate would vote on the legislation before Oct. 1, with about $1.23 million traded on the contract. The date aligns with Thunes Sept. 15 cloture schedule but does not indicate whether senators will ultimately approve the bill.　　CFTC meeting will follow on Aug. 20　　People involved in the planning have described the White House event as a kickoff for the

08-15Industry

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