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SEC Chair Paul Atkins said he expects the Senate to vote on the CLARITY Act on September 15. In a Fox Business interview, he said he anticipates and hopes the bill will pass the chamber and ultimately reach the President’s desk for signature. The expected timetable follows a delay from before the August recess, although Senate passage remains unconfirmed.
Trade Crypto on Bybit Before The Clarity Act Passes and Get a Chance to Win Our $1,000 USDT Airdrop
The substance of the bill matters alongside its timing. CLARITY would establish a framework for sorting digital assets into securities, commodities, or stablecoins. Atkins also described the SEC’s broader work as an effort to update and modernize rules for the age of blockchain and crypto assets.
Despite the delayed vote, the SEC and CFTC have not paused their efforts to shape crypto policy. Last week, the SEC sent a proposal to the White House aimed at clarifying the framework for custody of crypto assets held by investment advisers and companies. The proposal indicates that regulators are continuing work on parts of the agenda independently of the legislative timetable.
The bill’s stall has also involved political and industry disputes. Although the House passed CLARITY last year, the bill has been deadlocked for most of this year after the banking lobby clashed with lawmakers and crypto businesses over whether platforms such as Coinbase should be able to pay customers yield.
Lawmakers have also sought changes to the bill’s ethics language. A draft circulating in July would bar government officials from promoting or making money from crypto, but some Democratic lawmakers said it did not go far enough. Pro-crypto Republicans, meanwhile, accused Democrats of delaying the bill for political reasons.
Discover: The Best Token Presales
What Happens Next for The CLARITY Act?
The immediate checkpoint is September 15, when Atkins said the Senate would vote on the measure. He has expressed hope that the Senate will pass the bill and send it to the President for signature, but the outcome still depends on a vote that has not yet taken place.
LATEST:
Former NY Governor Andrew Cuomo told CNBC that "if we don't pass the CLARITY Act, it costs us internationally. Europe is ahead of us. Asia is ahead of us." pic.twitter.com/pLQecTwUvb
— CoinMarketCap (@CoinMarketCap) September 2, 2026
The yield and ethics disputes that helped stall the bill remain central issues as the Senate timetable approaches. For additional background, see this breakdown of the Senate vote and its hurdles.
Discover: The Best Crypto to Diversify Your Portfolio
The post SEC Chair Paul Atkins Sets September 15 Senate Vote for CLARITY Act appeared first on Cryptonews.
XRP is having its $2 chatter back in circulation. Before dismissing it as pure hopium, consider what’s actually driving the current setup, and what it would take to get there. It’s not the 90-day model getting the headlines.
The AI 2,000-path simulation puts XRP’s bullish 90-day scenario at $2.14, or 59% above its $1.35 reference close, while the median outcome lands at a far more modest $1.47. The bullish case leans on six straight months of spot ETF inflows.
SoSoValue data shows $474 million has flowed into US XRP ETFs over a quarter. Ripple itself has flagged over $1.5 billion in cumulative ETF inflows and more than 769 million XRP now sitting in custody across five funds.
None of that math gets XRP to $2, or even $10, on its own. But sustained institutional demand changes the liquidity profile of the asset over a longer horizon, and that’s the piece separating the near-term technical range from the long-term bull case.
Discover: The Best Token Presales
Can XRP Price Hit $2 This Week?
XRP is consolidating in the $1.36–$1.37 zone after an August run that took it from roughly $0.99 to $1.70. This is a move that stacked 3.2 billion tokens of trading volume into the $1.35–$1.38 band, now the token’s most defended support level.
A daily close below $1.35 risks a slide toward $1.20; a close above $1.55–$1.68 opens the door to $1.86–$1.90 and eventually the psychological $2.00 mark.
- Bull case: ETF inflows accelerate, $1.68–$1.72 resistance breaks, and September closes near $2.10.
- Base case: consolidation continues, median models point to $1.47 over 90 days.
- Bear case: support fails, XRP retests $1.00–$0.92. Institutional buying trends remain the swing factor either way.
Trade XRP on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop
Maxi Doge Targets Early Mover Upside
Anyone who bought XRP in the $1.00 zone in early August is sitting comfortably. But at a market cap already pricing in years of institutional adoption, the multiple-x moves get harder to find. Even $10 requires roughly 7x from here, and that’s not happening on a quiet Tuesday.
That gap between “great asset” and “great near-term return” is exactly where presale rotation conversations start. Momentum plays at the micro-cap stage carries a different math risk.
Maxi Doge is positioning itself as the gym-bro answer to that search for asymmetric upside. The pitch: a 240-lb canine mascot channeling 1000x leverage-trading energy, built around holder-only trading competitions with leaderboard payouts and a Maxi Fund treasury backing liquidity and partnerships.
$MAXI is priced at $0.0002837, with $4.8 million raised so far and dynamic staking APY live for early holders. Meme-first marketing and leverage-culture branding won’t guarantee traction post-launch.
Research Maxi Doge before the presale ends.
Discover: The Best Crypto to Diversify Your Portfolio
The post XRP Could Hit Beyond $2 as ETF Inflows Reach $474 Million appeared first on Cryptonews.
XRPL developer Denis Angell launched a live dashboard this week that scores every amendment on the XRP Ledger for how much of its functionality has actually been exercised on devnet before it reaches mainnet.
The tool turns amendment readiness, previously a matter of trust in the process, into a public scorecard that shows exactly which transaction types, fields, and result codes have never been touched by a real transaction.
What the Dashboard Actually Tracks
Angell built the tool, hosted at amendments-staging.xrpl.foundation, to read each amendment’s full spec surface directly from the node rather than maintaining it by hand. That includes every transaction type, optional field, flag, result code, and ledger entry the amendment introduces.
The dashboard then watches devnet activity and checks whether a validated transaction has ever exercised each one, with green cells linking to the transaction that first did it and red cells marking what hasn’t happened yet.
The developer explained the reasoning behind the project directly, saying:
“Every new XRPL feature ships as an amendment. Validators vote it in, and once it’s active it’s part of the protocol for good. That deserves real evidence that the feature has been exercised end to end on devnet, not just tested in isolation.”
As of this week, the dashboard is watching 16 amendments live on devnet, and 13 of them still have untested surface.
The widest gaps sit in newer amendments: Sponsor has 65 of its 107 possible checks never exercised, XChainBridge is missing 30 of 40, and MPTokensV1 is short 27 of 102.
This week’s scan also turned up 59 findings across the set: two spec bugs, 23 documentation gaps, and 34 test gaps.
One amendment, XLS-75 permission delegation, which lets an account hand off narrow powers to another key, such as freezing trust lines and nothing else, closed out its remaining test gaps this week.
According to Angell, the team added logic mapping each delegated transaction back to the specific permission behind it, then exercised every remaining cell on devnet, bringing all 122 checks across its 12 granular permissions to full coverage.
He’s framed the effort as crowdsourced, encouraging XRPL builders to “go find the red cells” and run the missing transactions themselves, since the dashboard picks up new activity within seconds.
Amendment Testing Comes as Adoption Lags
The push for more rigorous pre-activation testing follows a rocky upgrade cycle. As CryptoPotato reported in July, Ripple’s v3.2.0 update, which renamed the core server software from rippled to xrpld and cut node memory usage by 30% to 40%, had sat unadopted by more than half of XRPL nodes weeks after release, even as 89% of the network’s trusted validator set had moved it.
The post New XRP Ledger Tool Turns Amendment Testing Into Public Scorecard appeared first on CryptoPotato.
Crypto World
Microsoft Stock Flashes A Golden Cross, But Watch For This Test| Investor’s Business Daily
Microsoft (MSFT) stock logged its second straight loss on Tuesday, but it’s coming off a large August win and a spectacular recovery following the software giant’s earnings report in July. Improving chart features suggest that its price action may finally be catching up with the cloud titan’s fundamental strength. Is Microsoft stock a buy now? Shares cleared a cup base…
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Have you heard of AGI? Artificial General Intelligence. It’s the idea that AI can handle cognitive work at a human level. For years, it was just hypothetical, a Hollywood movie concept at best. Now, OpenAI says they have achieved it – with ChatGPT 6 Astra.
In theory, an AGI could read a legal document, write an article, solve a maths problem, plan a trip, learn a new software tool, and explain its reasoning – all at the same time. OpenAI just showed this exact thing in a ChatGPT 6 demo video.
In plain English, Astra is designed to do more than answer questions. It can use a computer, browse websites, work across software, and keep going through long tasks with less hand-holding.
How Powerful is ChatGPT 6.0 Astra?
OpenAI’s own benchmarks show the biggest gains in areas where AI has traditionally struggled: acting on its own.
What is being tested?
GPT-6 Astra
GPT-5.6 Sol
Claude Fable 5.1
Completing multi-step tasks
41.4%
18.1%
31.4%
Advanced coding
74.1%
70.8%
67.4%
Scientific computer work
64.6%
22.4%
52.6%
Extremely difficult maths
97.6%
83.0%
87.8%
Turning images into 3D designs
95.9%
83.3%
84.3%
The comparisons come from OpenAI and vendor-reported evaluations, so independent testing will matter.
So if you’re a ChatGPT user, what does this new model provide? Astra should be better at actually doing things for you.
OpenAI says it can browse webpages, fill forms, work through spreadsheets, and complete multi-step tasks faster than earlier models. It is also the first OpenAI model to reach the company’s “critical” cybersecurity threshold.
What are ChatGPT Users Getting for $20?
Astra is rolling out first to selected enterprise and cybersecurity customers. OpenAI says Plus, Pro, Business and Enterprise users will receive it over the coming days. Free access has not been announced.
That makes the $20-a-month ChatGPT Plus plan more interesting. Standard Astra will be included within existing Plus allowances.
Astra Pro, the higher-end version, is reserved for Pro, Business and Enterprise customers.
Does that make Astra AGI? OpenAI has stopped short of a formal declaration.
OpenAI president Brockman called AGI a “gray, fuzzy thing,” while saying he personally believes people may later look back at this model as the moment it arrived.
There is still reason for skepticism. Astra’s eye-catching ARC-AGI-3 result was produced using an OpenAI agent setup with memory and tools around the model, making it harder to isolate Astra’s raw intelligence from the system supporting it.
So, is this the end of human creativity? Perhaps not. But Astra does push ChatGPT further toward something that can increasingly do the work, rather than simply tell you how.
The post Meet ChatGPT-6 Astra: A Supercomputer for Only $20? appeared first on BeInCrypto.
Michigan’s attorney general says a state court has issued a preliminary injunction against Kalshi, preventing the prediction markets platform from offering event contracts to residents. The order, announced by Attorney General Dana Nessel this week, is framed by officials as an effort to curb what they describe as unlicensed “sports betting” conducted under an investment-like presentation.
According to Nessel’s office, the Circuit Court for the 30th Judicial Circuit in Ingham County granted the state order blocking Kalshi from providing event contracts to Michigan residents. The notice also states that Kalshi could face fines of up to $500,000 per day if the court’s directive is violated.
Key takeaways
- Michigan obtained a preliminary injunction limiting Kalshi’s ability to offer event contracts to state residents.
- Officials argue the activity amounts to sports gambling presented as an investment opportunity, which they say remains unlicensed under Michigan law.
- The injunction follows an earlier Michigan restraining order in June that Kalshi said placed it in conflict with a CFTC directive.
- New Jersey simultaneously moved the dispute toward the US Supreme Court, raising the possibility of a higher-court resolution of regulatory jurisdiction.
- Lawmakers have also proposed legislation targeting prediction market contracts that resemble sports betting or casino-style games.
Michigan targets Kalshi’s event contracts
In a Wednesday notice, Attorney General Dana Nessel said the state court’s order halts Kalshi from offering event contracts to Michigan residents. Nessel linked the action to her ongoing lawsuit filed earlier this year, alleging Kalshi violated Michigan law governing sports gambling.
In her statement, Nessel said Kalshi had attempted to operate in a way that mischaracterized its activities, and she presented the injunction as further protection for residents against what she described as “predatory, unlicensed practices.”
The court’s filing, as summarized in the attorney general’s notice, includes the potential for significant daily penalties for violations, which underscores that Michigan is treating the case as more than a procedural dispute.
How this fits into the broader prediction market legal fight
Michigan’s latest order adds to a series of legal battles in the US involving prediction market platforms such as Kalshi and Polymarket. In many of these cases, state regulators argue the products function like regulated gambling—particularly sports wagering—while the companies and other opponents often argue prediction markets fall under federal oversight frameworks.
Nessel filed the Michigan lawsuit against Kalshi in March, asserting that the platform’s event contracts run afoul of state sports gambling rules. The new preliminary injunction is the most recent step in that enforcement effort.
Notably, the Michigan court’s action follows a June restraining order that barred Kalshi from offering sports betting to Michigan residents. That earlier development triggered a direct conflict between state and federal regulators: the US Commodity Futures Trading Commission (CFTC) ordered Kalshi not to comply with the state order and to keep operating.
Kalshi characterized the CFTC’s response as creating an “impossible position,” according to earlier reporting, highlighting the practical problem that emerges when state courts and federal agencies issue competing instructions.
Cointelegraph reached out to Kalshi for comment but did not receive an immediate response.
New Jersey pushes for Supreme Court review
While Michigan moved forward with its preliminary injunction, New Jersey officials announced the same day that they filed a petition seeking a writ of certiorari from the US Supreme Court. The petition centers on the state’s case against Kalshi and the question of whether federal regulators (through the CFTC) or state authorities have jurisdiction over prediction market offerings.
If the Supreme Court agrees to hear the matter, the ruling could help resolve competing legal theories that have emerged across different states—particularly the extent to which event contracts are treated as subject to federal regulation versus state gambling rules.
Melinda Roth, a visiting professor of practice at New England Law in Boston, told Cointelegraph she could see the Supreme Court taking the case, though she suggested the justices might also wait to address issues on the merits rather than procedural questions like whether a preliminary injunction should be granted. Roth also argued that the Supreme Court may act sooner rather than later given the ongoing litigation in the area.
“If and when SCOTUS takes it up, then this will likely decide whether sports event contracts are federally regulated by the CFTC or the states have the right to ban and/or regulate them as they see appropriate. I say ‘likely’ because Congress might actually act too. They could act before a SCOTUS review, or even after too.”
Legislative proposals aim to separate prediction markets from sports betting
In addition to court-driven outcomes, some US lawmakers are attempting to address the underlying policy dispute through legislation. Earlier coverage noted proposals aimed at limiting the use of insider information in event contracts.
In March, Senators Adam Schiff and John Curtis introduced a bipartisan bill that, as described in reporting, would prohibit CFTC-registered platforms from listing any event contract that “resembles a sports bet or casino-style game,” shifting the authority for regulation to individual states.
The same tension that shows up in Michigan and New Jersey—federal versus state control—appears in these legislative efforts. If enacted, such measures could reduce uncertainty by drawing clearer lines about which prediction market products are treated as sports wagering versus other forms of event-based trading.
At the moment, however, the fate of the sector remains tied to how courts reconcile these jurisdictional questions, and how lawmakers choose to intervene.
For market participants, the immediate watchpoints are straightforward: whether Kalshi appeals or seeks further relief in Michigan, how New Jersey’s Supreme Court petition progresses, and whether Congress advances reforms that could change the regulatory map before the courts fully resolve the issue. Until then, overlapping state enforcement and federal oversight continue to create the kind of uncertainty that can quickly reshape access to event contracts.
Justin Sun’s reputation in China has been taking a serious hit on a daily basis for almost a week, with his latest reply to his haters bordering on near-insanity.
In his most recent diatribe, Sun offered to get his height measured on a livestream so people would stop calling him short and got into an irrational argument about the definition of the word “decency.”
But, first, if you haven’t been following the Chinese drama with capitalistic characteristics, it’s worth getting caught up.
Sun’s first huge mistake
About a week ago, Sun posted a lengthy and very strange story to X, claiming that it was both a work of fiction and as close to the truth as he could recall.
The tale told by Sun involved the Chinese actress Jing Tian and claimed that she was going to donate her eggs to a surrogate so that she and Sun could have a baby.
Sun alleges that when she demanded more money to go ahead, he refused and filed a lawsuit to clawback the gifts he’d given to her thus far.
The sharing of extremely personal details about Sun’s relationship with Jing didn’t go down the way he expected. Indeed, there was an immediate negative reaction from Mainlanders who considered it intentionally harmful to Jing and her career.
If Sun had removed the story at that point and apologized for his behavior, there’s no doubt everyone would have moved on.
But he didn’t.
Compounding errors go exponential
After getting lambasted by everyone in China, including fellow crypto billionaires and journalist Hu Xijin, aka “the Troll King of China,” Sun defended his decision to go public with the story and even took part in an interview with a Chinese media outlet.
Despite saying he’d allow courts to deal with the problem, Sun persisted in discussing the story publicly and in a way that would do untold damage to Jing’s career.
Read more: Justin Sun seeks out Chinese ‘troll king’ in dispute with ex
A nasty back and forth makes Sun look terrible
Picking a fight with Hu was a mistake to start with, but when Hu replied with an offhand comment about “having a chat in Beijing” — seemingly implying that Sun would never dare to return to the nation where he was born — the affair went nuclear.
Sun has, again, taken to X to post a lengthy response where he argues with Hu about the definition of the word “decency.”
Sun suggested that older generations, like Hu’s, believe the word to mean swallowing one’s pride and having a strict moral code, whereas newer generations, like Sun’s, believe decency is contractual and about speaking out when you feel wronged.
The reply from Sun feels both tone-deaf and disrespectful toward Hu, and there is little-to-no chance that it will find an audience in China.
A final bizarre straw
In a final act of ineptitude, Sun put out a post suggesting that, due to the fact that Chinese social media users were repeatedly calling him short, he would willingly do a livestream where a metrology institute measures his height down to the millimeter.
Famously, tall people have always felt the need to prove their height by livestreaming someone measuring them.
Perhaps because of his odd behavior over the past few days, it comes as no surprise that Chinese social media platforms appear to be removing Sun’s name from trending topics and making the drama fall into the back pages of the nation’s consciousness.
Got a tip? Send us an email securely via Protos Leaks. For more informed news and investigations, follow us on X, Bluesky, and Google News, or subscribe to our YouTube channel.
Stanley Druckenmiller’s family office put $125.6 million into Bitcoin mining stocks last quarter. It sold out of major American AI chip stocks like Broadcom, Intel, and Micron Technology to make room for BTC.
Druckenmiller is famous for investing without a single year of loss for more than 30 years straight. His average annual return is 30%. During the 1992 currency crisis, he helped George Soros make about $1 billion betting against the British pound.
That’s why Wall Street still watches what Druckenmiller buys.
Understanding Druckenmiller’s $125 Million Bitcoin Bet
Duquesne Family Office listed the four new stakes on August 14. The disclosure came in a Form 13F, the quarterly report big investors must file with regulators. It shows what he held on June 30.
Bitdeer Technologies was the largest at $64.7 million. Hut 8 followed at $36.3 million, then Riot Platforms at $20.7 million and IREN at $4 million.
The total is small, at roughly 2.4% of a $5.21 billion portfolio.
It still marks a change of mind. In October 2023, Druckenmiller said he owned no Bitcoin, adding that he probably should. He had held it earlier and sold. He is back now, but sideways, through the miners.
Why Miners, Not Bitcoin
He skipped Bitcoin (BTC) itself and the spot funds too, buying electricity instead. A new grid connection can take years to secure. Miners spent a decade locking up cheap power. AI firms want that capacity now and cannot wait for their own.
Bitdeer shows the pitch, having mined 2,694 BTC last quarter. It also signed a $4.7 billion, 16-year lease with Volta. The deal covers a Norwegian site running Nvidia chips for an AI lab. Riot’s data center pivot copies the model.
Druckenmiller did not quit AI, though. He raised Taiwan Semiconductor to $281.6 million from $167.4 million. He also opened stakes in Advanced Micro Devices, Lam Research, Equinix, and Alphabet.
The Most Profitable Investor’s Bitcoin Bet is Down 24%
So far, the trade has not worked. All four Bitcoin miner stocks have fallen since June 30. Bitdeer is off 25.5%, Hut 8 is down 24.4%, Riot is down 24.3%, and IREN is down 10%.
Those same share counts are worth about $94.9 million today. That is a paper loss of about $30.7 million. Bitcoin went the other way. It has climbed roughly 33% since late June, from about $58,600 to levels above $81,000 as of this writing.
The bridge trade therefore lagged the asset it was built to capture. MARA and CleanSpark posted heavy quarterly mining losses in August as the same squeeze hit the sector.
Still, there is one caveat that matters. A 13F is a snapshot, not a live feed. Druckenmiller may have bought more or sold out since June 30. His next filing lands in November.
The post Investor Who Went 30 Years Without a Loss Just Bet $125 Million on Bitcoin appeared first on BeInCrypto.
Now, experts across the country are deeply concerned about what might occur in the coming months, whether it’s false allegations that cast doubt on individual races, state officials refusing to certify election results as required by law, or baseless efforts to block House members from taking their seats in January.
The good news is the success of these efforts to undermine the midterms is not inevitable. To the contrary, enormous work has already been done to protect the integrity of November’s election from those who would undermine it.
Now, it is time for leaders who haven’t yet joined that effort to get off the sidelines no matter what their politics are. Losing our system of fair and free elections would not just affect one element of American life. It would affect all elements of American life.
There are many ways for institutions to meet the moment and keep our country’s elections free and fair. First, many leaders, particularly those from the business community, meet regularly with members of the executive branch and Congress. They should use these relationships to remind elected officials of the need to respect election results no matter who wins or loses.
The Administration is now pursuing what amounts to a strategy of intermittent military force combined with sustained economic pressure. Last week, it announced “Operation Economic Outcast,” an effort to further isolate Iran from its remaining trading partners. But the campaign has so far produced limited results, and imposing sanctions aggressive enough to cripple Iranian trade could require confronting countries including China, India, and Russia.
Secretary of State Marco Rubio said this week that the Administration expected the principal pressure on Iran going forward to be economic, while reserving the right to use military force when necessary.
Iranian uprising
Trump himself has resumed publicly encouraged Iranians to challenge the regime, writing on Truth Social on Tuesday, “When are the Iranian people going to rise up and fight?”
When asked by TIME on Thursday whether the Trump Administration was considering arming Iranian dissidents or providing them with other direct assistance, Vance declined to provide more details. “Everything that could happen is on the table: economic pressure, military pressure, diplomatic pressure, covert pressure,” he said. “Of course, these are tools in the President’s toolkit.”
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