Senate Democrats Reject Clarity Act Ethics Rewrite

Senate Democrats have rejected the ethics provision in the latest Clarity Act draft in blunt terms, and Majority Leader John Thune cast doubt on Thursday that the crypto market-structure bill can pass before the August recess. “Whatever piece of s–t they sent back to us, that was not a serious effort,” Senator Ruben Gallego of … Read more

BitMart to Wind Down Exchange as BMX Tanks

BitMart will wind down its cryptocurrency exchange, ending all trading services on Aug. 26 before ceasing operations entirely on Jan. 31, 2027. “After a careful evaluation of the Company’s operating conditions, market environment, and future strategic direction, BitMart has made the difficult decision to commence an orderly wind-down of its trading platform operations,” it said … Read more

Crypto Advocacy Groups Support CLARITY Passage as Ethics Rules Face Pushback

The Crypto Council for Innovation, Digital Chamber and Blockchain Association wrote to US Senate leaders on Friday calling for the chamber to prioritize “floor consideration” of the Digital Asset Market Clarity (CLARITY) Act. In a Friday letter to Senator Majority Leader John Thune and Minority Leader Chuck Schumer, the three cryptocurrency advocacy groups urged consideration … Read more

Binance Runs Phishing Attacks on Staff to Fight Social Engineering

Cryptocurrency exchange Binance runs simulated phishing attacks against its own employees and can fire staff who repeatedly fail the tests, according to Binance chief security officer Jimmy Su. The fake attacks are conducted by Binance’s red team, an internal ethical hacking unit whose job is to break into systems to identify vulnerabilities. “We do phishing … Read more

Top Crypto Industry Groups Throw Support Behind Clarity Act

Top crypto advocacy groups the Crypto Council for Innovation, Blockchain Association, and the Digital Chamber have said in a letter that they support the latest draft of the Clarity Act.  In a letter Friday, the trade associations said that passing the bill is necessary to establish the “first comprehensive federal consumer protection framework for digital … Read more

Ethereum ETFs End 5-Day Inflow Streak With $70.6M Outflows

US-listed spot Ethereum exchange-traded funds (ETFs) logged $70.62 million in net outflows on Friday, ending a five-day inflow streak. Ethereum funds saw $211.25 million in net inflows over the previous five sessions from July 17 to Thursday, according to SoSoValue data. They still posted $103.9 million in net inflows for the week ended Friday. Despite … Read more

BMAG’s New Focus On Trading Cards

Somewhere right now, on a livestream, someone is tearing open a foil package while hundreds of people watch. Trading cards have become a spectator sport. The card market is at all-time highs, cardboard repriced by the hour, rare cards selling for eight figures, and a general sense of frenzy. But watch enough of it and … Read more

Dango Blockchain to Shut Down, Halt Perp DEX Trading

Layer-1 blockchain Dango will wind down operations by halting trading on its perpetual decentralized exchange (DEX) on Wednesday and shutting down its network on Aug. 13. “Despite our best effort, various reasons have led us to conclude there is no viable path to a lasting commercial success,” Dango said in a Friday X announcement. Dango … Read more