Author: John Smith

BNB price traded near $721 on Sep. 17 after buyers defended the $709–$710 area, but weakening daily momentum and dense liquidity above $739 leave the token without a clear breakout signal. Summary BNB price recovered from a daily low near $709 but remained below resistance at $729. The 4-hour RSI returned to 50.84, showing balanced momentum after the rebound. Daily MACD recorded a bearish crossover, while the histogram fell to -5.04. Liquidation clusters near $710 and $740 could shape BNB’s next major move. BNB price consolidates above $710 BNB (BNB) price was trading at approximately $721 at the time of…

Bitwise Chief Investment Officer Matt Hougan has revised his view of the CLARITY Act setback after Bitcoin rallied from $57,950 in July to above $80,000 before the Senate failed to advance the crypto market structure bill on Sept. 15. Summary Bitcoin climbed above $80,000 before the Senate rejected CLARITY, prompting Bitwise to revise its outlook. The Senate rejected cloture 49-50, leaving the crypto market structure bill short of sixty votes. SEC and CFTC leaders say existing authority still allows additional crypto rulemaking without new legislation. Robinhood launched its chain, while Morgan Stanley launched Solana and Ether exchange-traded products in July.…

A New York federal judge has denied Susquehanna’s bid to freeze nearly $100 million tied to dozens of traders accused of profiting from alleged insider information before China announced a crackdown on cross border trading platforms. Summary Susquehanna’s request to freeze nearly $100 million linked to alleged insider trading has been denied by a New York federal judge. The court found insufficient evidence that defendants were likely to hide or dissipate the funds before a potential judgment. Susquehanna failed to show likely success on claims that traders used nonpublic information before China announced its May 22 crackdown. The judge denied…

Bitcoin’s post-quantum migration debate has moved toward wallet security and dormant-coin handling after Ledger CTO Charles Guillemet argued that choosing a new signature scheme may prove easier than moving Bitcoin users and existing funds safely. Summary Ledger CTO Charles Guillemet says Bitcoin faces a migration challenge, not an immediate quantum crisis. SHRINCS combines stateful signatures with a stateless fallback while relying on SHA-256 for security today. Current SHRINCS signatures range from 548 bytes to 5,777 bytes, depending on the signing path. Reusing one stateful signing slot can enable forged signatures, creating serious wallet-level fund theft risks. Bitcoin BIPs 360 and…

The U.S. House Financial Services Committee has advanced legislation to place the federal Strategic Bitcoin Reserve into law, voting 28-21 on Sept. 16 to report the amended H.R. 8957 favorably. Summary 28 committee members backed H.R. 8957, while 21 opposed the amended Bitcoin reserve legislation Wednesday. 20 years is the minimum holding period for Bitcoin deposited into the proposed federal reserve. Annual proof-of-reserve reporting replaced the original quarterly schedule under the committee-approved substitute amendment on Wednesday. Treasury and Commerce would study budget-neutral Bitcoin acquisitions without borrowing, new taxes, or deficit spending. States could store Bitcoin in segregated Treasury reserve accounts…

Hackers behind the Revolut customer data breach have demanded 6,000 Monero, worth about $3 million, while threatening to sell the stolen records unless the bank pays within 24 hours. Summary Hackers have demanded 6,000 XMR, valued at about $3 million, from Revolut. At least 680 customer accounts were affected after fraudulent government requests passed company checks. Stolen records reportedly include identity documents, verification photos and complete transaction histories. The attackers said blockchain analysis helped them identify customers with large crypto holdings. How Revolut hackers set the 24-hour deadline The Financial Times reported that a group calling itself “iamnotavillain” published the…

Celsius Network’s bankruptcy estate has sued BitMEX for the return of 6,360.17 Bitcoin, worth about $495 million, over forced liquidations carried out during the March 2020 COVID market crash. Summary Celsius and JST lost a combined 6,360.17 BTC through BitMEX liquidations in March 2020. The estate alleges BitMEX designed its system to profit from liquidated customer collateral. Five BitMEX-linked companies have been named as defendants in the New York bankruptcy case. The complaint remains unproven and was filed shortly before BitMEX ends trading on Sep. 23. The complaint, filed on Sep. 12 in the U.S. Bankruptcy Court for the Southern…

Bitcoin price traded near $76,200 after a volatile week as the failed CLARITY Act vote and the Federal Reserve’s rate increase kept pressure on the market. Technical indicators now point to resistance near $78,600, while liquidation data places the main downside liquidity cluster around $74,600. Summary Bitcoin price fell roughly 4% over seven days after briefly approaching $80,000. The daily CMF dropped to -0.11, indicating that capital outflows have overtaken inflows. 4-hour resistance sits near $78,600, while the RSI remains below the neutral 50 level. Liquidation clusters near $74,600 and $77,700 could shape Bitcoin’s next move. Bitcoin price retreats after…

The UK Financial Conduct Authority has issued final guidance requiring crypto firms to reassess their permissions before applications open on Sep. 30 for a regulatory regime taking effect in October 2027. Summary FCA applications open Sep. 30, while the new crypto regime takes effect on Oct. 25, 2027. Existing registrations and permissions will not automatically carry over to the incoming framework. Firms seeking transitional arrangements must apply by Feb. 28, 2027. The guidance covers stablecoins, trading platforms, custody, transaction services and staking arrangements. FCA guidance defines which crypto firms need approval The Financial Conduct Authority said on Sep. 16 that…

The U.S. House Ways and Means Committee has advanced the Digital Asset Tax Certainty Act in a 38-5 vote, moving the first proposed federal tax framework for digital assets toward consideration by the full House. Summary H.R. 10357 cleared the House Ways and Means Committee by a 38-5 vote. The bill offers a tax exception for qualifying crypto network and transaction fees of up to $10. Proposed rules cover stablecoins, wash sales, crypto lending, mining, staking and broker reporting. The vote came one day after the CLARITY Act failed its procedural test in the Senate. Crypto tax bill advances with…