Author: John Smith

Eight banking associations and 17 state attorneys general have challenged parts of the CLARITY Act before a Sep. 15 procedural vote that requires 60 Senate votes. Summary Eight banking groups want lawmakers to tighten restrictions on rewards paid to stablecoin holders. The groups warned that interest-like incentives could pull deposits from banks and reduce lending. Seventeen state attorneys general said the bill could weaken state powers to pursue crypto fraud. The Sep. 15 vote would open debate on the bill rather than approve its final passage. Eight banking associations wrote to Senate Majority Leader John Thune and Senate Minority Leader…

Bitfinex Securities has argued that the tokenized stocks debate must distinguish between third-party products and issuer-backed securities because each model gives investors different rights. Summary Bitfinex Securities says issuer consent is only one part of the tokenized stocks debate. Third-party tokens may reference shares without giving holders ownership or voting rights. Private-company products can leave token buyers with less information than direct investors receive. Transfer controls and market monitoring remain central concerns for blockchain-based stock products. Tokenized stocks require clear investor rights Bitfinex Securities Head of Operations Jesse Knutson told crypto.news that Robinhood CEO Vlad Tenev was “directionally correct” to…

Bitcoin has held near $77,000 as investors have reduced risk before the Federal Reserve’s Sept. 16 policy decision, with analysts watching $76,000 support and $83,000 resistance. Summary Bitcoin remains range-bound as markets price in an 86%–87% chance of a 25-basis-point Fed hike. Analysts identify $76,000 and $83,000 as the levels needed to confirm Bitcoin’s next direction. U.S. spot Bitcoin ETFs recorded about $463 million in net outflows last week. A possible Bank of Japan hike could tighten yen funding and pressure leveraged crypto positions. Nansen senior research analyst Nicolai Søndergaard told crypto.news that Bitcoin traders have adopted a cautious position…

Bitmine Immersion Technologies has purchased 27,180 Ethereum over the past week, lifting its holdings to 5.96 million ETH as chairman Tom Lee points to U.S. legislation and institutional demand as possible drivers of a year-end crypto rally. Summary Bitmine acquired 27,180 ETH, bringing its treasury to 5,956,378 ETH. The company now holds about 4.9% of Ethereum’s 122 million-token supply. Bitmine has staked 5.07 million ETH, equal to roughly 85% of its holdings. Tom Lee named the coming CLARITY Act vote and returning Korean demand as possible market catalysts. Bitmine adviser Tom DeMark expects ETH to make a sharp upward move…

DBS and Citi have completed a cross-border dollar payment within minutes over a weekend using tokenized deposits, testing an always-on transfer system while raising questions about final settlement, liquidity and foreign exchange pricing. Summary DBS and Citi processed the Singapore-to-U.S. payment on Sep. 5 through the Swift Digital Ledger. GSN CEO Ryan Kirkley said the available information does not establish whether every underlying obligation reached final legal settlement immediately. Banks may need pre-funded balances or larger liquidity buffers when central bank money is unavailable. Limited weekend FX liquidity could result in wider spreads or other costs for institutions using 24/7…

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company. Accepting crypto has become easier for online businesses, but managing what happens before and after a customer sends a payment can still involve several moving parts. Summary Heleket allows businesses to accept Bitcoin, Ethereum, USDT and other supported cryptocurrencies, with incoming payment fees starting from 0.4% and no withdrawal fees. Businesses can integrate Heleket through its API or supported plugins, with test…

Ethereum price traded near $2,510 on Sep. 14 as weak momentum and tighter US monetary-policy expectations prevented bulls from clearing the key $2,550 resistance level. Summary Ethereum price gained about 1.4% on the daily chart but remained below the $2,550 resistance. The 4-hour Supertrend stayed bullish above $2,429, while ADX fell to 18.84. Negative Chaikin Money Flow showed that buying pressure weakened despite ETH holding above its major moving averages. The Fed decision and a Senate vote on US crypto legislation could determine Ethereum’s next move. Ethereum price holds above $2,500 According to data from crypto.news, Ethereum (ETH) price opened…

BNK Investment & Securities has signed a strategic agreement with cultural-finance fintech EverTreasure to develop fractional investment and tokenized securities products tied to films, performances, musicals and artworks. Summary BNK Investment & Securities and EverTreasure will jointly develop fractional investment and tokenized securities products tied to films, performances, musicals and artworks. BNK will handle securities issuance arrangements, distribution, investor recruitment and regulatory advice, while EverTreasure will source assets and provide blockchain and platform infrastructure. The companies plan to cooperate on asset due diligence, product structures, platform listings and marketing to institutional investors and high net worth clients. EverTreasure will use…

The XRP Ledger has processed 3,254 transactions in one ledger, setting a reported single-ledger record on Sept. 14. Summary The XRP Ledger processed 3,254 transactions in one ledger, according to validator operator Vet’s report. Most transactions reportedly transferred one drop of XRP, the network’s smallest native currency unit available. The transaction burst did not establish a permanent increase in the ledger’s sustainable processing capacity. XRPL adjusts its transaction target when validators close heavily loaded ledgers within expected timing limits. BatchV1_1 remained under validator voting and requires sustained 80% support before automatic mainnet activation occurs. Validator operator Vet reported the figure…

Satsuma Technology has secured High Court approval to cancel more than 11.2 billion B shares, clearing a £30.7 million capital return after the company sold its entire disclosed Bitcoin position. Summary Satsuma secured High Court approval to cancel 11.2 billion B shares, clearing a £30.7 million capital return to eligible shareholders. The company sold 669.4867 BTC between July 24 and July 31 for £31.9 million at an average realized price of £47,667 per Bitcoin. Eligible investors are due £0.002734 for each B share, with payments expected through checks, bank transfers or CREST by Sept. 28. Satsuma’s London listing was scheduled…