Author: Jeremy Ryan

The CLARITY Act stalled in the Senate after a final round of bipartisan negotiations broke down and several Democrats who helped shape the bill refused to advance it.The measure failed to secure the 60 votes needed to invoke cloture on the motion to proceed with H.R. 3633, preventing the most consequential US crypto market-structure proposal from reaching the Senate floor.While the vote did not decide the bill’s final passage, falling short leaves the legislation off the floor and forces its sponsors to decide whether another round of negotiations is possible.The outcome was particularly damaging because Democrats who had spent months…

Strategy is back in the spotlight after it repurchased $139 million worth of its STRC preferred stock on 14th September. Meanwhile, its Bitcoin [BTC] holdings have reached 845,050 BTC. These are worth $65.83 billion now following the recent purchase of 4,603 BTC on 31st August. So, all this, along with $6.4 billion in USD assets, has given Michael Saylor’s Bitcoin DAT a substantial liquidity cushion. STRC brings Strategy back on track Here, it’s worth noting that STRC’s BTC credit now stands at a 57-basis-point (0.57%). In layman’s language, this is a measure of credit risk or safety cushion behind the…

The U.S. strategic Bitcoin reserve proposal is set to be considered in the House Financial Services Committee on Wednesday, the 16th of September.  In May, the bill was introduced and co-sponsored by over 20 lawmakers. The bill, also known as H.R. 8957 or the American Reserve Modernization Act (ARMA) of 2026, had one major objective: to formalize a strategic BTC reserve.  According to the main sponsor, U.S. Representative Nick Begich (R-Alaska), the sentiment around global reserve assets and alternatives has changed, and the U.S. needs to change too.  However, the bill’s introduction was just the first set to potentially becoming…

A group of bipartisan state attorneys general is wading into the Clarity Act debate as the Senate prepares for an upcoming procedural vote on the controversial crypto market structure legislation. U.S. Senate Banking Digital Assets Subcommittee Chair Cynthia Lummis (R-WY) released the latest version of the Clarity Act on Sunday, outlining “126 Democrat wins” she says were successfully negotiated by her rival party. Among those “wins” is a ban on federal elected officials, senior executive branch employees and federal judges from issuing or sponsoring a digital asset or maintaining a significant financial interest in an issuer of crypto assets. That…

Bitcoin’s [BTC] holder data suggests the market may be moving into a new phase. Over three weeks, whale holdings fell by 0.20%, while retail wallets added 0.09%. Although the difference is still relatively low, AMBCrypto observed that larger holders were decreasing their aggression as smaller investors took on more of the available supply. Meanwhile, Bitcoin is still trading between $76,000 and $80,000. As such, this implies that retail demand has not yet triggered strong FOMO. Source: CryptoQuant This indicates that long-term holders are beginning to sell some of their coins. However, they are not selling them aggressively. As such, if…

Pixelmon has ended all game development and cut its gaming team after a three-week publisher-led test failed to produce results strong enough to secure a long-term commercial offer. Pixelmon said in an announcement on its official Discord that external publishers had spent their own marketing budgets on its games over the past three weeks, using their tools to study player acquisition and retention. The publishers did not reject the games outright, but the results were not strong enough for them to make a longer-term offer. Instead, the publishers asked Pixelmon to polish the game further and run another test within…

$NFT sales reached approximately $46.78 million over the seven days ending Sep. 12, up 6.8% from the previous seven-day period, according to CryptoSlam data. Ethereum led blockchain sales, while a small number of high-value Bitcoin transactions accounted for much of the week’s activity. According to data from CryptoSlam, the increase in dollar sales came alongside a steep drop in the addresses recorded as buyers and sellers. Buyer addresses fell 84.67% to 41,959, while seller addresses declined 85.13% to 43,247. The dashboard recorded 917,549 transactions, up 48.75%. Those counts describe addresses, not confirmed individual buyers or sellers. They also show why…

The last 24 hours have been a wake-up call for investors. Speculation about a rate hike at the next FOMC was already making waves across social media. However, the latest move of the U.S. Treasury Secretary Scott Bessent may have given the market a further hawkish push. For context, the U.S. Treasury launched a $6 billion buyback of 10- to 20-year Treasuries, nearly 3x its previous $2 billion operation. A bigger purchase normally drives bonds higher and eases yields, but the market snapped in the opposite direction, sending the 10-year yield to 4.85% for the first time since 2023. Source:…

The Stellar [XLM] blockchain network is powering the entry of financial services giant MoneyGram into the stablecoin-based debit card market. The network is powering their new virtual Visa card, the MoneyGram Card by Rain, a fintech platform. It was reported that the product is tailored specifically for the Latin American market. The Stellar blockchain provides transaction speeds, and Crossmint takes care of wallet custody infrastructure. Back in May, the DTCC announced that its tokenization service would make use of the Stellar network. It provided a major boost to investor sentiment. The service would be launched in October, it was reported,…

Since early August, Bitcoin’s market structure has strengthened as prices rose while exchange deposits declined. The price of Bitcoin [BTC] increased by approximately 25%, from approximately $63,000 to approximately $79,000. In that time frame, most of the buying interest was coming from larger participants. Conversely, the amount of mid-sized coins going into Binance, Coinbase Pro, and Coinbase Prime decreased by an estimated 15.5 percent during this time. Overall there were fewer mid-sized coins entering exchanges, which would have added additional sellable coins into their respective order books. Source: CryptoQuant The largest decrease was at Binance, where the number of mid-sized…