U.S. Senate opens first stage of crypto Clarity Act voting to give bill a chance next month
The majority leader opened the multistage process the Senate follows when trying to get a bill over its 60vote hurdle, so it's still got a shot in September.…
Bybit sues North Korea and Lazarus Group over $1.5 billion hack, secures asset freeze
The exchange has secured a preliminary injunction freezing stolen assets. Source：CoinDesk
OKX's Rafique doubts Clarity Act will pass, warns optimism is already priced into bitcoin
The OKX executive says Democrats have little incentive to hand Republicans a crypto victory before the midterms. Source：CoinDesk
Russia cracks down on unlicensed crypto exchanges it claims are linked to Ukraine
The FSB said at least 20 individuals were arrested in connection with a ring that scammed an undetermined number of Russian citizens. Source：CoinDesk
There are good reasons why higher bond yields are here to stay, this strategist says
Investors are demanding higher rates when they buy longduration bonds because there is less demand, higher supply and a hot mess of policy uncertainty,…
Senate won't vote on crypto Clarity Act before its summer break
The U.S. Senate won't go on its August recess just yet but it will not vote on the Clarity Act this month, dimming hopes that the bill can become law this…
Power struggle erupts at Ondo Finance after founder’s death
Three Delaware court filings reveal a battle for control of Ondo Finance after founder Nathan Allman's death. Source：CoinDesk
NFT startup founder charged with misusing funds from $10 million fundraising
Federal prosecutors say Taj Tarsha misled backers and used investor funds for personal expenses. Source：CoinDesk
Here are the possible outcomes for Clarity right now
The Senate has not yet indicated if it will advance the Digital Asset Market Clarity Act, and with its summer recess looming, here are the possible outcomes.…
Senator Warren questions US AI chip policy after Trump crypto investment: Report
The lawmaker reportedly sent a letter to the Commerce Secretary demanding answers about the administration’s treatment of the UAE following investments in the…
Crypto's campaign efforts see rare loss, but crypto roster in Congress likely to grow
The leading industry PAC, Fairshake, put $2 million into a Detroit Democratic primary but came up short, even as several PACbacked candidates won elsewhere.…
As Clarity Act teeters, mystery group hammers away at crypto in Washington ads
Crypto Watchdog has taken to warning people in DC about the hazards of digital assets, and its director won't say who is backing it. Source：CoinDesk