Crypto World
CFTC plans crypto rules regardless of CLARITY Act
The Commodity Futures Trading Commission has prepared digital asset market structure proposals that could move forward even if Congress does not pass the CLARITY Act.
Summary
- CFTC Chair Michael Selig said crypto market structure would proceed regardless of the bill’s outcome.
- The CLARITY Act faces a Senate procedural vote on Sept. 15 and needs 60 votes to advance.
- CFTC advisers are discussing digital assets, artificial intelligence and prediction markets on Aug. 20.
- The agency has separately requested public input on derivatives tied to artificial intelligence computing capacity.
Whale Insider reported on Aug. 20 that Selig said the CFTC already had regulatory proposals prepared, giving the agency a route to continue its crypto agenda if lawmakers fail to complete the legislation.
“Crypto will get market structure regardless of bill,” Selig said, according to the report.
Selig’s statement did not identify which proposals the agency has finished drafting, when it could publish them, or how much of the planned framework could be created under the CFTC’s current legal powers. Congress would still need to act before the regulator could receive the full spot-market authority contemplated by the CLARITY Act.
CFTC crypto rules could proceed under existing powers
The CFTC currently oversees derivatives markets, including futures, options, and swaps tied to digital assets. Its enforcement authority also covers fraud and manipulation in spot commodity transactions, but the agency does not have the same routine supervisory power over crypto spot exchanges that it exercises over registered derivatives platforms.
Without legislation, any CFTC proposals would have to remain within the authority already provided by the Commodity Exchange Act. Rules covering registered derivatives venues, intermediaries, disclosure requirements, or crypto futures could therefore move independently, while a complete federal framework for spot digital commodity trading would require action from Congress.
For U.S. investors, the distinction affects which regulator supervises the platforms where they trade. The CLARITY Act would create a registration framework for certain digital commodity exchanges and divide responsibility for digital assets between the CFTC and the Securities and Exchange Commission.
The bill would generally place qualifying digital commodities under CFTC oversight while preserving the SEC’s authority over crypto assets treated as securities. Lawmakers have continued negotiating the treatment of decentralized finance, ethics restrictions, and rewards offered on stablecoin balances.
As previously reported, an expansion of the CFTC’s duties would also raise questions about staffing and resources. The commission is designed to have five members but currently has one confirmed commissioner, Selig, while its workforce has fallen from its fiscal 2025 level.
Staffing constraints would become more important if the agency had to supervise spot crypto trading alongside its existing work in derivatives, prediction markets, and enforcement. The CLARITY Act could assign the CFTC primary oversight of a large part of the U.S. digital asset market, requiring the regulator to review registrations and monitor companies that are not presently under its routine supervision.
CLARITY Act faces a 60-vote Senate test
Senate Majority Leader John Thune filed cloture on the motion to proceed to the CLARITY Act before lawmakers left Washington for their August recess. Under the Senate schedule, the procedural vote is set to ripen on Sept. 15 after senators return.
Cloture requires 60 votes, meaning Republican support alone may not be enough to move the bill forward. Even if the Senate invokes cloture, the vote would only allow the chamber to begin considering the measure. Senators could still debate or amend the text before voting on final passage.
The House approved its version of the CLARITY Act in July 2025, while the Senate Banking Committee advanced its text in May 2026. Any Senate version that differs from the House bill would require additional congressional action before the legislation could reach the president.
Negotiations have remained difficult as lawmakers debate ethics requirements for public officials and restrictions involving stablecoin rewards. The bill’s chances of passage have also weakened in prediction markets, with Polymarket pricing its probability of becoming law in 2026 below 20% by mid-August after showing odds of 82% in February.
President Donald Trump urged lawmakers during an Aug. 19 White House event to pass what he called a “fair version” of the legislation. Trump described the proposal as bipartisan and said federal law was needed to preserve the administration’s digital asset policies beyond his presidency.
Representatives from Coinbase, Gemini, Ripple, Kraken, Chainlink Labs, Anchorage Digital, Grayscale and OKX attended the event, along with executives from prediction-market and artificial intelligence companies. The White House meeting took place one day before the CFTC’s first Innovation Advisory Committee session.
CFTC committee is examining unresolved crypto questions
The CFTC scheduled the inaugural Innovation Advisory Committee meeting for Aug. 20 from 1 p.m. to 4 p.m. EDT in Washington. Its agenda covers digital assets, artificial intelligence in financial markets, and prediction markets.
During the crypto session, committee members are expected to examine customer protection, market integrity and the CFTC’s ability to use its present statutory authority. The discussion also covers how agency action could complement legislation passed by Congress rather than replace the additional powers contained in the CLARITY Act.
Committee members include executives and specialists from crypto companies, traditional financial institutions, market infrastructure providers, and technology businesses. The advisory body can make recommendations but cannot adopt binding regulations or expand the CFTC’s legal jurisdiction.
Members of the public can submit written statements related to the meeting through Aug. 27. The commission will publish accepted materials as part of the committee record, although the meeting itself does not include a vote on a crypto market structure proposal.
At the same time, the SEC has been developing separate rules for crypto offerings and tokenized securities. Securitize President Brett Redfearn said the securities regulator pulled back a planned innovation exemption because of concerns surrounding the Sept. 15 CLARITY Act vote.
Redfearn expects the innovation exemption to return after the Senate vote, possibly in early October. The proposal would provide a tailored regulatory route for companies seeking to issue and trade tokenized securities while keeping the products within the SEC’s jurisdiction.
The SEC also canceled an Aug. 14 open meeting at which commissioners had been scheduled to consider a separate offering framework for certain investment contracts involving crypto assets. The agency cited an unforeseen scheduling issue and did not publicly connect the cancellation to the CLARITY Act.
CFTC seeks rules for artificial intelligence compute markets
Outside digital assets, the CFTC requested public comments on Aug. 19 about derivatives linked to artificial intelligence computing capacity. The 19-page consultation covers liquidity, reference prices, manipulation risks, customer safeguards, and the possible listing of perpetual compute futures.
“America cannot win the AI race without a robust derivatives market for compute,” Selig said in the agency’s announcement. He described the consultation as the first step toward setting rules for U.S. compute markets.
A compute contract could track the cost of renting a particular graphics processor, such as Nvidia’s H100 or Blackwell B200, or reference access to a specified amount of AI inference capacity. The request does not approve any contract, create a final rule, or authorize an exchange to start trading the products.
Public comments will remain open for 60 days after the consultation appears in the Federal Register. As of Aug. 20, the document had not been published in the register, leaving the final submission deadline unset.
CME Group has targeted Oct. 5 for two futures contracts based on daily GPU rental benchmarks supplied by Silicon Data. Both planned products remain subject to regulatory review, and the proposed launch date does not guarantee that the CFTC’s review will be completed by then.
Bitcoin and the broader digital asset market got a taste of “not-QE” this week — and liked it.
The price of Bitcoin (BTC) jumped more than 23% toward $79,000 and Ether’s price crossed $2,400 after the US Treasury moved to double certain long-dated bond buybacks, adding fuel to an increasingly important question for digital asset markets. If Washington keeps finding new ways to support liquidity without technically embarking on quantitative easing, could Bitcoin and other risk assets become some of the biggest beneficiaries?
That question is already shaping business decisions across crypto. Standard Chartered sees Bitcoin heading toward $100,000, Metaplanet is taking its Bitcoin treasury strategy to the US and Cypherpunk Technologies is making a $33 million bet on Zcash mining.
Standard Chartered analyst sees Bitcoin reaching $100,000 as Treasury buybacks expand
Standard Chartered analyst Geoff Kendrick said Bitcoin could reach $100,000 by year-end as the US Treasury doubles long-end bond buybacks, a move he described as “exactly the type of thing Bitcoin loves.”
Kendrick said in a client note that BTC’s key technical level is $65,500 and breaking above it could confirm the cycle low is in. He cited Wednesday’s Treasury plan to at least double buyback operations for 10- to 20-year and 20- to 30-year coupons. Long-dated yields fell, and Bitcoin’s price immediately climbed more than 6% to nearly $69,000, its highest since early June, per CoinMarketCap.
The expanded program runs Sept. 9 through Nov. 4. Kendrick argues Bitcoin tends to benefit from government liquidity interventions and its fixed supply resists monetary debasement. The call still depends on BTC holding above $65,500. Without that, the cycle low cannot be confirmed.
Metaplanet expands Bitcoin treasury strategy to US with Super League deal
Metaplanet plans to take a controlling stake in Nasdaq-listed Super League Enterprise, expanding its Bitcoin treasury strategy to the US.
The Tokyo firm will contribute 2,100 BTC and $2.5 million in cash to Super League, which will be renamed Superplanet. That BTC, worth roughly $145 million, is under 5% of Metaplanet’s 43,000 holdings and comes from existing treasury, not new purchases. CEO Simon Gerovich said the structure gives two capital-raising avenues: Superplanet in US markets and Metaplanet in Japan. Shares of Super League surged over 50% on the news.
The deal is expected to close in the fourth quarter, subject to shareholder approval and customary conditions.
Cypherpunk launches Zcash mining fleet controlling 18% of network hashrate
Cypherpunk Technologies is expanding into Zcash (ZEC) mining after acquiring a fleet from Winklevoss Capital in a $33.33 million equity deal, giving the publicly traded firm roughly 18% of the network’s hashrate.
The mining operation is already online at US facilities, producing about 4.2 GSol/s, or roughly 18% of Zcash’s current hashrate. Cypherpunk also holds 323,394 ZEC, about 1.9% of circulating supply, and targets 5% ownership. It has pitched Zcash mining as offering more attractive economics than Bitcoin mining or AI data center workloads.
However, those economics depend heavily on ZEC’s price, network hashrate, mining difficulty, and operating costs. The push follows a rally that saw the price of ZEC rise more than 1,300% over 12 months, though it has since corrected. The network implemented its Ironwood upgrade on July 28 to replace the Orchard pool after a flaw that could have allowed counterfeit ZEC creation, though no exploitation was ever detected.
CFTC seeks comment on AI compute futures as CME eyes October launch
The US Commodity Futures Trading Commission (CFTC) is seeking public comment on futures contracts tied to AI computing capacity, a step that could shape an emerging market for trading and hedging the cost of computing power.
Bloomberg reported Monday that the regulator sent a request for comment to the White House Office of Management and Budget. CME Group announced last week it plans to launch two compute futures contracts on Oct. 5, pending regulatory approval, with Silicon Data providing the benchmarks. Estimates from TD Lombard, Goldman Sachs and Bridgewater Associates put AI infrastructure spending at roughly 2% to 2.5% of US GDP this year.
The review could complicate the timeline for planned compute products from CME Group and Intercontinental Exchange, which remain subject to regulatory approval. Once the White House review is complete, the CFTC is expected to open a comment period, typically lasting 30 or 60 days, according to Bloomberg.
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Digital Asset, the company behind the Canton Network, is partnering with the American Idea Foundation—co-founded by former US House Speaker Paul Ryan—to pilot a blockchain-based program for administering state benefits in the United States. The initiative, branded RISE, is designed to modernize how eligibility rules and payment logic are applied when household circumstances change.
According to the announcement, the pilot is planned to launch in the first quarter of 2027 and would bundle multiple benefits into monthly or twice-monthly payments. It would also incorporate spending rules for categories such as food, child care, and cash, while giving participating agencies visibility into payment status, balances, spending, and compliance information via Canton.
Key takeaways
- RISE aims to use Canton to automate benefit distribution while adjusting support as household income changes.
- The system would group multiple benefits into periodic payments and apply spending constraints across specific categories.
- Participating agencies could track payments, balances, spending, and compliance data through Canton, with access limited for sensitive information.
- The pilot is not yet finalized: Digital Asset and the American Idea Foundation said it remains subject to federal approval, and the states and benefit programs were not disclosed.
- Canton’s government-linked use cases are expanding beyond finance toward real-world public service delivery.
RISE: automating benefit logic on a blockchain network
The proposed RISE program centers on how benefit rules can be translated into automated systems that respond to real-time changes in a household’s finances. Digital Asset said Canton would coordinate the rules, permissions, and transactions needed to distribute benefits—while restricting access to sensitive data.
In practice, that means the program is intended to handle more than payment issuance. The plan calls for automatic adjustment of benefit levels as household income changes, potentially reducing overpayments or underpayments that can trigger penalties for recipients when circumstances improve.
Ryan said the pilot’s purpose is to help demonstrate what a “modern safety net” could look like by addressing fragmentation across benefits and by measuring results more rigorously.
By combining fragmented benefits, reducing penalties as families earn more, and rigorously measuring results, these pilots can help show what a modern safety net should look like.
What isn’t decided yet: states, programs, and federal sign-off
While the announcement outlines how RISE would work at a systems level, it did not name which US states would participate. It also did not specify which benefit programs would be included or how the category-based spending rules would map to existing administration processes.
Both Digital Asset and the American Idea Foundation emphasized that the pilot remains subject to federal approval. That qualifier matters because public benefits programs in the US are governed by layered federal and state requirements, and any attempt to shift how benefits are calculated, disbursed, or constrained typically depends on regulatory clearance.
For stakeholders watching the project, the key question will be what approvals ultimately permit—particularly around data access controls, auditing requirements, and how “compliance data” would be generated and shared among agencies.
Canton’s pivot toward public-sector and settlement use cases
RISE adds a new government-linked application layer to Canton’s broader track record. Recent Canton activity has been heavily associated with institutional finance, including projects involving government securities. Still, the network has been moving into other public-facing and regulated settings.
In April, Japan Securities Clearing Corporation (JSCC), Mizuho, Nomura, and Digital Asset launched a proof of concept using Canton to test Japanese government bonds as digital collateral. The project included support under Japan’s Financial Services Agency Payment Innovation Project and explored use cases such as real-time, cross-border transactions.
Later in July, Canton was used to settle a tokenized US Treasury trade involving Franklin Templeton and Virtu Financial. In that instance, Tradeweb handled execution and price discovery, with the Treasury changing hands against USDCx in real time—an approach Tradeweb described as an industry first. The details reinforce that Canton’s architecture has been aimed at structured settlement workflows, not just token transfers.
RISE would extend those capabilities into daily life for beneficiaries by turning policy and compliance logic into operational rules executed through the network—an application that, if implemented, could test whether the same settlement-grade determinism can be applied to welfare administration at scale.
The network’s ecosystem: Canton Coin and institutional traction
Canton Coin (CC), the network’s native asset used to pay fees for transactions through Canton’s Global Synchronizer, is currently positioned as a market-visible indicator of activity within the ecosystem. CoinGecko data cited in the announcement places CC’s market capitalization at about $4.1 billion, ranking it 23rd among cryptocurrencies. The same data indicated CC is up around 10% over the past week.
Beyond price, the more consequential element for investors is how Canton continues to convert partnerships into production-grade workflows. The RISE proposal is still early—states and programs have not been selected and federal approval is required—but it signals an intent to broaden Canton’s role from financial infrastructure toward regulated public administration.
Readers should watch next for two things: which states and benefit programs (if any) are selected for RISE, and what conditions federal regulators impose before the pilot can proceed. Even if the timeline targets early 2027, the approvals—and the data governance model around compliance and sensitive information—will likely determine whether the project can move from concept to a deployable system.
Bitcoin miner stocks have spent three weeks trading with a seller sitting on top of them. On Friday, Ken Griffin said that seller is nearly finished.
Griffin told Citadel clients the firm has unwound more than 80% of the risk it absorbed from Leopold Aschenbrenner’s Situational Awareness portfolio. The filings behind that book show miner bets that grew in dollars while shrinking to under 10% of the portfolio. The fund was buying miners fast and memory chips faster.
The Seller Nobody Was Watching
Situational Awareness is the artificial intelligence (AI) fund run by former OpenAI researcher Aschenbrenner. It gained 439% in the first half of 2026. Then July arrived.
Leveraged four to one, the fund lost 67% in a single month and handed roughly $10 billion of stock to Citadel on July 30, as BeInCrypto reported when it lost its stock book.
Its last filing before that sale is the one that matters. The 13F, a quarterly holdings report large investors must file with regulators, covered the period to June 30 and was lodged on August 14. It listed a $20.24 billion portfolio across just 26 positions.
Bitcoin miners made up $1.99 billion of it. Core Scientific was the biggest at $666 million. Riot Platforms held $468 million, IREN $433 million and CleanSpark $179 million. A fresh $152 million stake sat in Keel Infrastructure, the company Bitfarms became after rebranding in April.
Those positions grew fast. Miner exposure climbed 79% in a single quarter. Riot alone jumped 229%.
Why the Whole Thing Broke
Aschenbrenner was never buying Bitcoin (BTC). He was buying megawatts. Miners already owned grid capacity, and AI data centers needed it.
The real danger sat elsewhere. In March, the fund held $8.5 billion of put options against Nvidia, Oracle, Broadcom and other AI names. Those were its hedges.
By June 30, they had almost entirely gone. In their place stood $12.5 billion of outright long bets. Sandisk and Micron alone accounted for 55.6% of the whole book.
So the fund stopped hedging and doubled down instead. When chip stocks slid in July, nothing cushioned the fall. Miners were collateral damage in a memory-chip trade.
Griffin Cleared It in Three Weeks
Citadel moved quickly. It pushed through nearly 100 block trades worth more than $4 billion, including the largest intraday blocks of the year in 10 separate names.
“Our ability to distribute this risk was central to our investment thesis,” Reuters reported, citing Ken Griffin in the letter.
Citadel bought the portfolio at a discount, and three Citadel funds gained sharply afterward.
What Changes for Miner Holders
A large seller with no reason to care about price is now mostly out. That hands the sector back to its own numbers, from hosting deals like Riot’s Anthropic lease to heavy quarterly mining losses.
The tape is helping too. Bitcoin’s 7% daily gain lifted BTC to about $77,309 and its market value to roughly $1.55 trillion.
One question remains. Aschenbrenner loaded up on miners because he believed hashrate was really a claim on power. Citadel has now sold most of it. Whoever bought those blocks made the same bet, quietly, at a lower price.
The post Bitcoin Miners Had a $2 Billion Ghost Seller, Citadel Just Cleared It appeared first on BeInCrypto.
Gold surged past $4,600 per ounce on Friday, touching its highest level in three months and putting the metal on track for a nearly 5% weekly gain.
A weaker dollar and fresh debt concerns are driving investors toward safety.
What is Driving the Gold Rally?
Spot gold traded between $4,580 and $4,600 on Friday, while futures approached $4,650, according to TradingView data. The rally stems from two converging forces:
- A weaker US dollar, renewed concern over soaring American debt, and the Treasury’s decision this week to double long-term bond buybacks all pushed investors toward non-yielding assets.
- That buyback move aimed to stabilize the bond market after the 30-year Treasury yield hit its highest level since 2007. The announcement initially pushed yields lower and further weakened the dollar, adding fuel to gold’s advance.
Prominent market voices highlighted the significance of the move. Economist Mohamed El-Erian noted that gold ranked among the morning’s standout performers, topping $4,600 alongside Bitcoin’s rebound above $79,000.
Longtime gold advocate Peter Schiff pointed to the precious metal’s rally as evidence that the Federal Reserve has lost credibility on its inflation target.
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Sentiment among professional investors has also shifted markedly. Bank of America’s latest Global Fund Manager Survey showed a net 16% of managers now view gold as undervalued, the highest reading since March 2023 and up sharply from just 6% in July.
Structural support also remains strong. Central banks continued aggressive buying, with second-quarter purchases hitting a quarterly record.
US federal debt recently surpassed $40 trillion, amplifying fiscal concerns that favor gold as a hedge against currency debasement.
Rising Treasury yields typically signal investor concern about long-term debt sustainability, and gold tends to benefit when both yields and the dollar soften.
Where Does the Gold Rally Go From Here?
Analysts remain genuinely divided on gold’s next move. Some see the breakout above the 200-day moving average as confirmation of renewed bullish momentum, with potential targets toward $5,000 if dollar weakness persists.
Others caution that higher oil prices and sticky inflation could reinstate pressure on yields, limiting further gains in the near term.
“…Gold continues its strong run higher, gaining 1.8% on the day and 5.1% on the week to trade at USD 4,600, well above the 200-day MA which was the technical trigger for fresh momentum buying and now also above the 0.382 Fibonacci retracement of the January to June correction at USD 4,574. Next level being the 0.5 retracement and May local high around USD 4,770…,” analyst Ole S Hansen said on X.
Silver’s parallel move near $70 reinforces the broader precious metals narrative. Investors appear to be rotating toward tangible assets as confidence in traditional monetary tools shows visible signs of strain.
For now, gold’s return above $4,600 underscores its role as a preferred safe haven amid fiscal uncertainty and shifting monetary expectations across global markets.
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The post Gold Price Hits 3-Month High Amid Bond Market Stress: Is $5,000 Next? appeared first on BeInCrypto.
Crypto World
BTC Hit 3-Month High, ETH Topped $2.4K, XRP Soared 40% in 48 Hours: Weekly Crypto Recap
Oh, what a week it was in the cryptocurrency (and not only) markets. We will dig into all of that as finally, after weeks (and even months) of sideways action without any clear indication of a breakout, BTC skyrocketed to fresh peaks.
But before we go into details on that, let’s rewind the clock to last Friday, when the primary cryptocurrency was struggling a lot. Despite the positive US CPI data from a few days back, the asset slumped to $62,500 to mark a ten-day low. Again, little to no indication of what was about to happen soon.
The bulls tried to intervene and helped bitcoin recover to $63,000, where it spent the entire weekend with no actual volatility. The first minor signs of a bullish change came on Monday when BTC gradually increased to $64,000. It tapped $65,000 on Tuesday, but as it has frequently happened in the past few months, it was rejected and slipped back down to $64,000.
Then came Wednesday. Instead of another rejection, the bulls took the front seat. In fact, they took all seats, initiating a massive leg up that drove BTC to $70,000 within hours, liquidating over $1 billion in shorts in 60 minutes. After a brief correction to $68,000, bitcoin went on the offensive once again. This time, it flew to $72,000.
The scenario repeated a few more times, and the culmination, at least for now, took place earlier today. Bitcoin skyrocketed to almost $80,000 for the first time in over three months, gaining $15,000 in 48 hours.
Its massive run was finally halted, or at least paused, and BTC now sits at around $77,000. Nevertheless, the weekly gains are nothing short of mind-blowing, showing a 23.6% surge. Some altcoins have performed even better, with ETH touching $2.4K earlier today after a 30% pump. XRP stole the show as it rebounded from the $1.00 support with a spectacular 40% surge to $1.40.
Other massive gainers include SOL, HYPE, ZEC, DOGE, LINK, ADA, BCH, and many, many more. The chart below paints a very clear picture. After all, the total market cap has added more than $400 billion since Wednesday.
Market Data
Market Cap: $2.670T | 24H Vol: $350B | BTC Dominance: 57.9%
BTC: $77,300 (+23.6%) | ETH: $2,390 (+28%) | XRP: $1.40 (+40%)
This Week’s Crypto Headlines You Can’t Miss
Why Did the Bitcoin Price Suddenly Spike Toward $73K? Let’s begin with perhaps the most important question: why did BTC rally so hard? The most obvious answer came just minutes before the Wednesday explosion when the US Treasury Department announced it would double the maximum size of liquidity-support buybacks for long-dated government debt, raising them from $2 billion to at least $4 billion.
Bitcoin Back Above $100K? Scaramucci Says the 2028 Halving Holds the Key. Given the latest developments, making bold price predictions is back on the table. Anthony Scaramucci noted, even before BTC’s surge, that the asset is likely to return to a six-digit price territory by its next halving, which is scheduled to occur in H1 2028.
Strategy Stays Put on Bitcoin but Sells a Massive 3.46 Million Shares. More positive news this week came (or didn’t) from Strategy, as the firm refrained from selling more BTC. It didn’t buy any, either, but at least the company has paused its offloads, for now.
Ripple Whales Go Crazy as XRP Price Can’t Stop Surging. As mentioned above, XRP is among the top performers in the past few days. There were some indications of a big move in the making, mostly coming from whales. These large market participants went on an accumulation spree in the past week, scooping almost 400 million tokens in total.
Polymarket Hit With Access Block in South Korea Over Gambling Allegations. The leading predictions platform continues to hit roadblocks in numerous jurisdictions, and South Korea has emerged as the latest one. The local regulator blocked domestic access to Polymarket after determining that its services facilitated activities considered illegal gambling.
Trump Wants the US to Lead Crypto: Here Are the Biggest Takeaways From the White House Meeting. US President Trump hosted leaders of numerous cryptocurrency firms at the White House on Wednesday (yes, around the time of the price surges), pushing for approval of the highly anticipated CLARITY Act. He also said his administration mulled buying sizeable amounts of bitcoin and other digital assets.
Charts
This week, we have a chart analysis of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid – click here for the complete price analysis.
The post BTC Hit 3-Month High, ETH Topped $2.4K, XRP Soared 40% in 48 Hours: Weekly Crypto Recap appeared first on CryptoPotato.
Bitcoin’s rally above $79,000 lifted miners and treasury companies, with Canaan, Strive and Metaplanet posting double-digit gains as crypto stocks surged.
Shares of Bitcoin miners and digital asset treasury companies surged toward the end of the week, tracking a broader rally across crypto markets after the US Treasury announced it would double certain long-dated bond buybacks — a move aimed at supporting liquidity in the Treasury market that also helped bolster risk appetite.
Bitcoin (BTC) miner Canaan led crypto-related stocks on Friday, rising more than 25%. MARA Holdings edged higher after gaining nearly 16% during Thursday’s session.
Strive, which holds more than 20,000 Bitcoin (BTC) on its balance sheet, jumped more than 16% on Friday. Japan-listed Metaplanet, which recently expanded its Bitcoin treasury strategy by acquiring Nasdaq-listed Super League Enterprise, also gained more than 16%.
Shares of crypto exchange Coinbase and brokerage platform Robinhood posted double-digit percentage gains, underscoring how BTC’s recovery spilled over into publicly traded companies with direct exposure to digital assets.
Crypto-related stocks were rallying as Bitcoin extended its weekly gain to more than 23% on Friday, briefly topping $79,000, according to CoinMarketCap data. Ether (ETH) gained nearly 30% over the same period, climbing above $2,400.
Related: Crypto Biz: Treasury’s ‘Not-QE’ playbook sends Bitcoin higher
Trump adds regulatory tailwinds to crypto rally
Digital asset markets also drew support from comments by US President Donald Trump on Thursday, when he renewed calls for Congress to advance the CLARITY Act. The legislation remains stalled after lawmakers failed to move it forward before the August recess.
The bill is viewed as a potentially significant step toward establishing a clearer regulatory framework for digital assets in the United States, including defining the respective oversight roles of the Commodity Futures Trading Commission and Securities and Exchange Commission.
Trump also revived the prospect of the US government acquiring Bitcoin at a “sizable” scale following meetings with crypto industry leaders this week.
Related: Bitcoin ETFs draw $517M in largest one-day inflow since early May
A view of a Bitcoin ATM at Northgate Mall on Feb. 5, 2026, in San Rafael, California.
Justin Sullivan | Getty Images
Bitcoin’s more than 20% rally this week has sent the cryptocurrency to heights it hasn’t seen since May, but traders on prediction market platform Kalshi see it ending 2026 near current levels.
Speculators estimate that bitcoin’s price at the end of 2026 will be around $75,000, based on an average of contracts on the platform.
The contracts on Kalshi ask traders to place “yes” and “no” trades on whether the cryptocurrency will trade within various $5,000 ranges at midnight on Jan. 1, 2027. Contracts are resolved using bitcoin price data from CF Benchmarks.
Bitcoin’s surge this week has been powered by two key catalysts: an intervention by the U.S. Treasury to ease a sell-off in the bond market — in turn, relieving pressure on risk assets — and an event at the White House where President Donald Trump, crypto executives and regulators pushed for Congress to approve the market structure Clarity Act proposal.
The outlook for where bitcoin will end the year has improved since the flagship crypto’s rally. Before Wednesday, Kalshi traders saw it most likely that bitcoin would end the year around $66,000.
However, speculators’ latest forecast would represent a slight decline from the cryptocurrency’s current trading levels. Bitcoin was last trading above $77,000.
Disclosure: CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.
Crypto World
Trump pushes for the CLARITY Act; XRP price surges, with holders earning up to $10,000 daily
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
EX DeFi is attracting XRP holders seeking alternative income as regulatory optimism boosts interest in the digital asset.
Summary
- Trump urges Congress to advance the CLARITY Act as Bitcoin tops $79,000 and XRP surges more than 40% amid regulatory optimism.
- EX DeFi promotes XRP cloud mining with automated computing power contracts, aiming to help holders generate passive income.
- EX DeFi says its platform combines cloud mining with multi-layer security, compliance measures, and support for major digital assets.
Significant progress has been made regarding cryptocurrency regulation in the United States.
On August 19, U.S. President Trump met with representatives from the cryptocurrency and financial sectors at the White House and publicly urged Congress to accelerate the stalled “CLARITY Act.” Trump stated that the U.S. needs clearer, fairer regulatory rules for digital assets to maintain its competitiveness in cryptocurrency and financial innovation.
The meeting brought together representatives from the crypto industry — including Ripple, Coinbase, Robinhood, and Kraken — as well as heads of the SEC and CFTC, drawing further market attention to the future direction of U.S. digital asset regulation. This move has further boosted investor interest.
Driven by positive regulatory news, the cryptocurrency market has seen a significant rebound. As of today, Bitcoin has surpassed $79,000, while XRP surged more than 40% in a short period, emerging as one of the standout mainstream digital assets in this rally.
As the regulatory landscape potentially becomes clearer, more investors are refocusing on XRP’s long-term value. For XRP holders, beyond simply waiting for price appreciation, the question arises: how can one participate in XRP’s long-term gains in a more efficient and sustainable way? The EX DeFi cloud mining platform has emerged as a noteworthy option.
Positive regulatory factors boost XRP market sentiment
Renewed market attention on the CLARITY Act serves as a key policy backdrop for the recent rebound in XRP prices.
The CLARITY Act aims to establish a clearer regulatory framework for the digital asset market and further define the respective regulatory responsibilities of the SEC and CFTC in this space. If the bill is ultimately approved, regulatory boundaries in the U.S. digital asset market are expected to become more distinct, thereby reducing some of the regulatory uncertainty faced by institutional investors entering the market.
This shift holds potential significance for XRP. A clearer regulatory environment could boost institutional investors’ willingness to allocate capital to digital assets and further drive the development of applications such as trading, payments, and asset tokenization.
Whale activity also a key indicator to watch for XRP’s rise
Beyond regulatory policy, on-chain activity is another crucial component of current XRP price analysis. Recent on-chain data indicates that large XRP holders have been consistently increasing their positions over a short period; this accumulation by “whale” addresses has drawn significant market attention.
While the simultaneous occurrence of accumulation by large holders and a price rebound is a positive signal, it does not guarantee a sustained rise in XRP’s price. However, if the regulatory environment improves and institutional capital alongside on-chain demand continues to grow, XRP could attract even greater market interest in the future.
EX DeFi cloud mining platform: A new option for XRP investors
To provide investors with a more convenient way to participate in the XRP ecosystem, EX DeFi has launched a cloud mining service powered by sustainable energy. Users do not need to purchase mining hardware or possess technical mining expertise; by simply selecting a computing power contract that suits their needs, they can generate stable daily returns and earn passive income.
In terms of operations, EX DeFi integrates hosting services, computing power management, and earnings settlement, utilizing automated systems to handle daily operations and profit distribution. For users who hold XRP long-term and wish to maximize the utility of their digital assets, this cloud mining model offers the potential for long-term compound growth while effectively mitigating the impact of short-term market volatility on returns.
About EX DeFi
Headquartered in the UK, EX DeFi operates in compliance with European regulatory frameworks such as MiCA and MiFID II, while continuously enhancing platform transparency, operational standards, and user protection mechanisms.
The platform employs a multi-layered security architecture, featuring:
- Annual financial and security compliance audits by PwC
- Digital asset custody insurance from Lloyd’s of London
- Cloudflare enterprise-grade network protection and McAfee® security systems
- Multi-layer encryption, AI-driven risk management, and 2FA verification
EX DeFi currently supports a wide range of mainstream digital assets — including XRP, BTC, ETH, USDT, USDC, DOGE, LTC, and SOL — offering users a flexible and convenient service experience.
Affiliate program
EX DeFi offers an affiliate program that allows users to earn commissions of 3% + 2% (up to a maximum of $50,000) by inviting friends, enabling them to generate stable passive income without requiring an initial investment.
Get started with cloud mining in just four steps
1. Register an account
2. Deposit cryptocurrency
Deposit XRP or other cryptocurrencies into the account (minimum deposit: $100).
3. Select a mining package
Choose a cloud mining contract that fits a particular budget and timeframe, then start automated mining with a single click.
4. Start earning returns
Once the contract is activated, earnings are settled automatically every 24 hours. Users can choose to withdraw their earnings at any time or reinvest them for compound returns.
Popular mining contracts
BTC (Beginner Trial Contract): Investment $100, Duration: 2 days, Daily Return: $4, Total Profit: $100 + $8
DOGE (Gold Shell Mini-Doge Pro): Investment $500, Duration: 6 days, Daily Return: $6.5, Total Profit: $500 + $39
BTC (Canaan-Avalon-A1466): Investment $1,000, Duration: 10 days, Daily Return: $13.4, Total Profit: $1,000 + $134
LTC (Bitmain Antminer L7): Investment $5,000, Duration: 20 days, Daily Return: $73.5, Total Profit: $5,000 + $1,470
BTC (Bitmain S19K-Pro): Investment $10,000, Duration: 30 days, Daily Return: $161, Total Profit: $10,000 + $4,830
Click here to visit the official EX DeFi website and view more mining contracts.
Conclusion
Trump’s public urging of Congress from the White House to advance the CLARITY Act has sent a new policy signal regarding US cryptocurrency regulation and reignited investor interest in mainstream digital assets like XRP. XRP’s recent strong rebound indicates that investors are reassessing the potential long-term impact of regulatory clarity.
For long-term XRP holders, exploring additional digital asset profit models via the EX DeFi cloud mining platform — while keeping an eye on policy and price fluctuations — can lay a solid foundation for long-term wealth accumulation.
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.
The crypto exchange you trust with your hard-earned money can suddenly delete your account and freeze all the funds without any warning. That’s what happened to a user on Crypto.com last week. Alarmingly, its customer support initially denied that the user account even existed.
On August 13, the user “Bradley Peak” received a reassuring email with the subject line: “Crypto.com Exchange – Successful Login.” His credentials had been accepted. Similar to what anyone would receive when trying to access their account.
While the email claimed a successful login, he couldn’t actually access the exchange. Peak was pushed back toward Crypto.com’s main app or its UK login flow. When he inspected the browser traffic, he said a request to an Exchange endpoint returned “401 Unauthorized.”
So, basically, Crypto.com was showing that the user doesn’t have an account. Yet his money was locked inside.
Note: It has been 8-days since the incident, and Crypto.com are yet to resolve the issue. After BeInCrypto’s probe, the exchange did ask the user for an external wallet address to send his funds. However, that hasn’t happened yet, at the time of writing. Peak is a journalist at BeInCrypto. He took no part in reporting or writing this article. BeInCrypto independently reviewed the screenshots and correspondence he supplied, then gave Crypto.com a detailed right of reply.
A Successful Login to Nowhere
Peak says he had used the Crypto.com Exchange account normally for several years. He sent funds to the same established deposit setup he had used before. Access disappeared afterwards.
There was no suspension email. The login page showed no account-status warning and didn’t request any documents.
Customer support was a bigger problem. Crypto.com could not give Peak a consistent description of his account.
In one chat, a support specialist told him, “After checking, I can see that your exchange account is rejected.” The agent did not define “rejected” or say when that status had been applied. The case was escalated, followed by a familiar line: “I can’t give you an exact timeframe.”
“Rejected” Became “There Is No Account”
A different support agent gave a weirder answer. After asking Peak for the email address he used to log in, the specialist replied: “Apologies, but there’s no Exchange account under that specific email.”
Peak responded with Crypto.com Exchange messages tied to that address, including successful login notifications and an earlier email stating that he already had an Exchange account. The screenshots reviewed by BeInCrypto show no explanation for the contradiction.
The exchanges then settled into a loop. Support said the case was “still in progress,” that another team had it, and that no timeframe was available.
Peak asked for updates across two chats for weeks. His funds remained inaccessible.
Crypto.com Answered With a Vague Compliance Statement
BeInCrypto sent Crypto.com 12 questions. They covered the account’s status, the meaning of “rejected,” the location of the funds, and the steps required to withdraw them.
Crypto.com asked for extra time and then issued a very vague on-record statement:
“Crypto.com follows strict regulatory protocols and as such we do not comment on individual customer accounts. As a registered MLR firm, we are required to comply with applicable legal and regulatory obligations, including the monitoring and review of customer activity. We may place restrictions on accounts while such reviews are ongoing. Crypto.com Customer Support will continue to engage with the user in question as appropriate.”
The statement identifies a reason why the exchange may restrict an account during review. It does not confirm that Peak’s account is under such a review or state whether it currently exists.
The company gave no status for the funds and no route or deadline for release.
Crypto.com’s reference to its regulatory status also needs context. Foris DAX UK is registered by the Financial Conduct Authority for certain cryptoasset activities. The current registration sits under the UK’s money-laundering rules.
The FCA says the wider authorization regime is expected to begin in October 2027 and MLR registration does not guarantee authorization under it.
An FCA notice naming Foris DAX UK also says customers do not have access to the Financial Ombudsman Service or Financial Services Compensation Scheme for these services.
Cases involving inaccessible exchange accounts therefore raise a practical custody issue.
Other Users Found the Same Maze
Peak’s complaint is not the only 2026 account-access claim visible in Crypto.com’s public forum. The accounts below are anonymous and BeInCrypto could not independently verify them. Their details echo parts of his experience.
Earlier this year, a Canadian user said withdrawals and Exchange access were blocked after a “routine review”. The user later reported that a formal complaint led to access being restored within days, without an explanation for the original restriction.
Another long-time customer reported an account lock, an unauthorized error, and repeated referrals to a support queue. A Crypto.com community representative offered to escalate the case manually. In a separate thread, a user said a phone-number change triggered a four-day lockout; other commenters described similar loops.
The anecdotes do not establish how common the problem is. They show the same failure mode: access stops, the chat escalates the case, and a public complaint opens another escalation route.
Earlier in March, Crypto.com also cut about 12% of its workforce, roughly 180 roles, as it integrated AI across the business. The company has not said customer support was affected. The evidence reviewed by BeInCrypto does not link the cuts to Peak’s case.
The Account Still Has No Name
Centralized exchanges can have legal reasons to pause transactions, and financial-crime reviews can limit what they disclose. That power makes an accurate account status and a working escalation path essential.
Peak is one of the several users who remain caught between Crypto.com’s systems. One accepted his login, while another denied authorization. Support called the account “rejected” and later said it did not exist. The press office described restrictions that may occur during reviews, while declining to say whether that explanation applied here.
As of August 21, Peak still had no access to the funds, no deadline, and no account-specific explanation. Crypto.com says support will continue to engage with him. For now, that engagement ends where the story began: in a chat window asking him to wait.
The post Crypto.com Deleted User Account With Funds, Gave No Reason For Weeks appeared first on BeInCrypto.
Crypto World
Ripple (XRP) Hits $1.42 After Breaking Crucial Resistance Zone: Is the ATH Now Back in Sight?
XRP has emerged as one of the best-performing crypto assets this week after surging by over 35%. In the past 24 hours alone, it rose by almost 20%.
The latest push has revived talks of all-time highs.
Bulls Find Fresh Fuel
The token broke through several major levels before reaching $1.42 on Friday, including the previously identified $1.293-$1.302 range. Despite attempts from sellers to push the price a little lower, XRP held on. According to Diana’s findings, this may represent a “confirmed breakout” which could bring the previous all-time-high zone back into focus.
However, the 4H RSI remains around 83, indicating extremely overbought conditions. A failure to hold $1.30 could cool momentum and make $1.20 the key support to defend.
Meanwhile, analyst Crypto Patel said that a move toward $10 for XRP should not be dismissed, while pointing to the token’s past price action as evidence of its potential for sharp gains. The crypto asset traded around $0.006 in 2017, when a move to $3 was considered impossible, before eventually reaching more than $3 in 2018. XRP was also being described as “dead” in 2023 before surging from $0.50 to $2.60 in November 2024.
Taking factors such as fast transactions, low fees, and real-world payment adoption into account, the analyst therefore said that “$10-$20 is absolutely on the table.”
Adding to the bullish backdrop, XRP whales have also continued accumulating. Data cited by analyst Ali Martinez revealed that large holders acquired more than 300 million tokens since the start of the current business week.
Long Bets Surge on Binance
Activity in the XRP derivatives market on Binance is also picking up. CryptoQuant revealed that the funding rate reached 0.0101, its highest level since October 2025. The current funding rate is also well above its 30-day moving average, demonstrating how much stronger the demand for long positions is compared with the recent average.
However, as more traders build long positions, the cost of maintaining those positions rises. This leaves the market more exposed if XRP suddenly moves lower. A sharp decline could trigger liquidations among leveraged traders and add pressure to the price. For that reason, the funding rate could become an important gauge of whether the crypto asset’s current momentum is sustainable.
If funding stays elevated while XRP remains stable or continues moving higher, it would point to steady demand in the derivatives market. On the other hand, a decline in funding could signal that speculative interest and bullish momentum are starting to weaken.
The post Ripple (XRP) Hits $1.42 After Breaking Crucial Resistance Zone: Is the ATH Now Back in Sight? appeared first on CryptoPotato.
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