Author: WebDesk

BitMEX is facing a proposed class action in the Southern District of New York seeking the return of 622.66 BTC over alleged forced liquidations and platform misconduct. The complaint was filed on July 23, 2026, by BKX Services Inc. and David Namdar against HDR Global Trading Limited, Arthur Hayes, Benjamin Delo, Samuel Reed, and Gregory Dwyer, according to public court-monitoring records and related reports. The case is listed under No. 1:26-cv-06259. The allegations are serious. The plaintiffs claim BitMEX operated an internal trading desk that had access to customer data and traded against users, while platform freezes allegedly contributed to…

The CLARITY Act appears unlikely to move through the Senate before the August recess, slowing the crypto market structure push at a moment when the industry had hoped for faster progress. The bill, formally listed on Congress.gov as H.R. 3633, the Digital Asset Market Clarity Act of 2025, is designed to create clearer rules for digital asset markets. Reported comments from Senate Majority Leader John Thune indicate the bill is unlikely to get a vote before lawmakers leave for the August break. That does not mean the bill is dead. It does mean the timeline has slipped, with unresolved disputes…

On July 24, the Commodity Futures and Trading Commission (CFTC) announced that it is granting a no-action relief to Small Exchange, which is owned by Kraken, regarding its Designated Contract Market procedures. This no-action letter will grant the platform more flexibility to restart its regulated derivatives trading. In a letter issued on July 24, CFTC staff granted temporary relief from dormant DCM rules for Small Exchange. Kraken’s parent company, Payward, had acquired Small Exchange in late 2025. However, it had been inactive for more than a year. Without this relief, it would have been dormant and had to go through…

Robinhood CEO Vlad Tenev’s X account was compromised to promote a fake memecoin, giving crypto another reminder that social engineering still works best when it hijacks trust.Robinhood Communications confirmed the incident in a post on X, saying Tenev’s account had been compromised and that the company worked with X to resolve the issue. The fraudulent posts promoted a fake token called “Vladhood,” claiming it was tied to Robinhood Chain and would be listed on the trading platform.The scam posts were removed, but not before on-chain reports indicated the attackers extracted roughly 650 to 690 ETH, worth around $1.2 million to…

Wall Street giant Morgan Stanley Bitcoin exchange-traded fund now has close to $400 million in assets under management — despite only launching in April.  The NYSE Arca-listed fund, which is the first by a bank, got off to a roaring start when it debuted, bringing in over $33 million in fresh cash on its first day.  Now, the fund has over $391 million in assets, demonstrating the popularity of the product. Many ETFs never reach $400 million in assets at all, let alone in one quarter. Senior Bloomberg Intelligence ETF analyst Eric Balchunas revealed Friday that the product has been…

Strive’s SATA preferred shares have recovered nearly 16% from their June low to about $97, prompting Jan3 CEO Samson Mow to predict that the rebound could help Strategy’s STRC return to its $100 par value. Summary Strive’s SATA has rebounded nearly 16% from its June low to about $97. Samson Mow expects SATA’s recovery to help Strategy’s STRC return toward its $100 par value. Three major U.S. preferred stock ETFs collectively hold $756 million worth of STRC. Yahoo Finance data show SATA has climbed from $83.30 and now trades within roughly 3% of the level it was designed to track.…

Poolin Technology has filed for Chapter 11 bankruptcy protection, setting up an orderly wind-down and asset sale process tied to its West Texas mining operations. The filing was made on July 22, 2026, in the US Bankruptcy Court for the District of New Jersey under Case No. 26-18325. Poolin Technology PTE. Ltd. and its US affiliates, Lonestar Dream Inc. and Lonestar Taproot LLC, are listed in the case. The filing details a $52 million stalking-horse bid from Thor CALAP LLC for the company’s Pyote and Tarbush mining sites in West Texas. Poolin’s prepetition liabilities stand at $173.1 million, including $163.7…

Kraken is bringing perpetual futures to eligible US traders through a regulated derivatives structure, and that is a notable shift for a product category that has usually lived outside the US market. The exchange said the product is offered through NinjaTrader Clearing, LLC, doing business as Kraken Derivatives US, a CFTC-registered Futures Commission Merchant. The contracts are listed on Bitnomial Exchange, LLC, a CFTC-regulated Designated Contract Market. That structure is the point. Perpetual futures have been one of crypto’s most important trading products for years, but US users have largely been locked out of the offshore perpetuals market unless they…

Investment giant Fidelity is the latest big player to back the latest version of the long-awaited Clarity Act.  The Boston-based firm’s “Public Policy” account on X said Friday that it was urging the Senate to pass the bill.  Lawmakers have been hashing out the crypto market structure bill since last year. A new improved draft circulating the Senate this week bans officials and their families from issuing or promoting crypto — a sticking point for opposition politicians.  “The time is now for clear rules of the road that are essential to strengthening investor confidence, providing certainty for market participants, and…

The U.S. State Department is launching a program that includes Bitcoin as a way to advance digital freedom worldwide.  Named the Freedom Tech Excellence Program, the initiative will see the State Department work with the Bitcoin Policy Institute, data-analytics firm Palantir Technologies, defense technology company Anduril Industries, and the Victims of Communism Memorial Foundation on issues including online surveillance, encryption, AI governance, and protecting free expression online. According to the program’s stated goals, participants will focus on five priority areas: First Amendment and free expression protections in the digital age; countering unlawful digital surveillance and online scams; privacy-enhancing technologies such…