Author: WebDesk

Goldman Sachs Chairman and CEO David Solomon has publicly endorsed the Digital Asset Market Clarity Act, breaking with much of the traditional banking industry as U.S. lawmakers move closer to a potential Senate vote on the landmark crypto legislation.The endorsement positions one of Wall Street’s most influential banking leaders on the opposite side of a growing debate over how digital assets should be regulated. While several major banks have criticized key elements of the bill—particularly its treatment of stablecoin rewards—Solomon argued that regulatory clarity is essential for the industry’s long-term growth.Speaking to Politico, Solomon said he is “very supportive of…

Robinhood CEO Vlad Tenev’s verified X account was briefly compromised on Thursday, allowing attackers to promote a fraudulent meme coin called Vladhood (VLAD) in the latest high-profile social media hack targeting the cryptocurrency industry.The fake post, which was quickly deleted after Robinhood regained control of the account, falsely presented Vladhood as the “official mascot of Robinhood Chain” and claimed the token would soon be listed on the Robinhood trading app. The message also included a smart contract address, encouraging users to purchase the token while leveraging Tenev’s credibility and Robinhood’s newly launched blockchain network.Robinhood later confirmed that the post was…

Nine major Bitcoin institutions have now joined forces to protect the infrastructure behind the asset they collectively depend on. Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, Galaxy and Strategy have launched the Bitcoin Security Consortium with combined funding commitments of $15 million over the next three years.The initiative is being coordinated by Brink, the nonprofit supporting Bitcoin’s open-source developers, with Executive Director Mike Schmidt managing the Consortium’s day-to-day work as a volunteer.Today nine institutions including BlackRock, Fidelity, Coinbase, and Strategy announced the Bitcoin Security Consortium (@BTCconsortium), pledging $15M toward Bitcoin security work over the next three…

Key TakeawaysCoinbase enabled USDC payments from AI agents for 5,000+ Coinbase Business customers.Coinbase Business processed about $1B, pushing stablecoins into APIs and cloud services.Coinbase’s x402 tools could expand autonomous commerce, supported by 3.35% USDC rewards. Coinbase Lets AI Agents Pay Businesses in USDC as Machine Commerce Expands Coinbase is rolling out support for payments initiated by artificial intelligence (AI) agents through Coinbase Business. Merchants can accept USDC from autonomous software using x402, an open payment standard developed by Coinbase for machine-to-machine transactions. The feature uses the same Coinbase Business account that companies already use to receive payments from people. Businesses…

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.…