The White House countered the bankers’ concerns on Tuesday by posting economic data suggesting the worries are misguided.

Jaret Seiberg, a policy analyst at TD Cowen, set the odds for a failure in the opening vote at 60%. In that scenario, he said, “Democrats, including those who are crypto friendly, decide the GOP changes are insufficient. It also likely means several Republicans vote no over stablecoin yield or law enforcement concerns.”

Keeping the process going

Meanwhile, the crypto industry is asking that lawmakers at least keep the process alive with an opening yes vote that allows them to continue talking.

“A yes vote is critical and keeps the process moving,” the leading crypto lobbying groups said in a joint statement on Tuesday. “Doing so will ensure that senators have opportunities to debate and move this much-needed legislation to the Senate floor.”

If the vote goes forward as planned on Tuesday and fails, that’s likely the end of the Clarity Act saga in this congressional session. And the odds remain high that Democrats could retake the House of Representatives majority in the November elections, meaning any future crypto legislative efforts could be under the agenda-setting authorities of Democratic committee chairs.

In the absence of a viable crypto bill, Democrats are likely to double down on their crypto corruption accusations about President Donald Trump and his administration. And the industry’s political action committees will have to determine whether some of the industry’s Democratic friends should then become political opponents.

Binance has launched a wealth management service offering access to 11 US-listed exchange-traded funds focused on short-term US Treasurys and investment-grade bonds.

The new Binance Earn offering groups the ETFs into cash management, steady income and yield enhancement products based on investment horizons ranging from less than six months to more than a year.

Users can browse the available ETFs and place orders through Binance Earn, with purchases processed through the exchange’s stock trading service. Binance said investors receive the economic benefits of the shares, including price movements and cash distributions.

Unlike tokenized stocks, users purchase actual ETF shares through the service. Binance provides the interface, while Nest Trading routes the orders to Alpaca Securities, which executes the trades and holds the securities.

The arrangement allows Binance users to access traditional securities through the same platform they use for crypto, while the underlying assets remain within conventional brokerage infrastructure.

The wealth management service is the latest expansion of Binance’s TradFi business. Earlier this month, the exchange added physically settled options on more than 1,000 US stocks and ETFs, building on its existing equities offering of more than 7,000 stocks and ETFs.

More than 80% of respondents in a PwC survey last year believe tokenization will boost global reach and 24/7 accessibility within the ETF market over the next three years.

Source: PwC Global ETF Survey 2025

Magazine: HYPE price could suffer as Binance takes its revenue: Alice Liu

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Korea’s won is gaining a digital payment route as KRW1 enters Rain’s global payments network through Avalanche infrastructure. The arrangement links Korean currency with established card rails for international spending. The integration connects tokenized won with card payments across more than 175 million Visa merchant outlets worldwide. As a result, Korean businesses and users can spend won abroad without converting funds beforehand.

KRW1 Extends Won Payments Beyond Korea

Rain will add KRW1 to its payment network, linking the stablecoin with card-based spending in international markets. The system keeps transactions denominated in Korean won while Rain provides the payment layer for card use across international payment and service channels. Moreover, businesses can use KRW1 for expenses, travel, student payments, and contractor transactions outside South Korea.

BDACS launched KRW1 with Woori Bank, while Avalanche provides the blockchain infrastructure supporting the token. The stablecoin maintains a one-to-one peg with the won, with reserves backing circulating tokens. Additionally, its design creates a digital channel for moving won-denominated value across borders.

The Korean won represents a broad money supply approaching $3 trillion, highlighting the scale of the domestic currency. However, won-based digital payments have remained largely focused on South Korea’s local economy. KRW1 now creates another route for extending that currency into international commercial activity.

Avalanche Supports Government Digital Infrastructure

Avalanche is also gaining attention through government digital infrastructure projects, including a planned UAE PASS integration. The UAE Telecommunications and Digital Government Regulatory Authority plans to use Avalanche technology within its national digital identity system. Consequently, the project expands Avalanche’s role beyond financial applications and into public digital services.

The planned UAE PASS Digital Vault will let citizens, residents, and visitors request, access, and share verified government documents. The system will operate on a dedicated Avalanche Layer 1 instead of Avalanche’s public network. Moreover, the dedicated network gives the regulator control over permissions, privacy settings, and network rules.

The UAE project adds another institutional use case for Avalanche as governments develop controlled digital infrastructure. It also places blockchain technology within regulated public services and document management systems. Meanwhile, KRW1 demonstrates how Avalanche can support stablecoin payment systems linked with global card networks.

AVAX Price Remains Under Pressure

These developments broaden the blockchain’s use across payments, identity, and regulated digital services. Despite the new infrastructure developments, AVAX has continued to trade under pressure in the broader cryptocurrency market. The token declined 7% over seven days, while its latest daily decline stood at 0.35%.

At press time, AVAX traded at $7.42, keeping price performance separate from network adoption. The KRW1 integration adds payment utility to Avalanche, but it does not directly determine AVAX’s short-term market direction. Similarly, the UAE project strengthens infrastructure adoption while the token remains exposed to broader cryptocurrency market movements.

Therefore, network developments and token performance can move independently over shorter periods. KRW1’s integration with Rain gives won-denominated digital value a broader payment path through existing card infrastructure. At the same time, Avalanche continues expanding its role across financial and government technology projects.

Bitcoin (BTC) saw month-to-date lows at Tuesday’s Wall Street open as global bond yields spiked and crypto markets awaited a key US Senate vote on the CLARITY Act.

Key points:

• Bitcoin dropped to $75,560, its lowest level so far in September ahead of the US Senate’s procedural vote on the CLARITY Act.
• Global bond yields in major economies set new macro highs as $100 oil prices remained a point of contention.
• Analysis expects that central banks around the world will raise interest rates going forward, traditionally a headwind for crypto markets.

CLARITY Act vote keeps crypto markets nervous

Data from TradingView showed BTC/USD dipping under $76,000, erasing a trip to $79,600 from the day prior.

BTC/USD one-day chart. Source: Cointelegraph/TradingView

Crypto traders remained on edge ahead of the procedural vote on the CLARITY Act, due at 2:15pm Eastern time. The legislation will go forward to a Senate-floor debate should it gain the necessary 60 votes. 

As Cointelegraph reported earlier, consensus sees barely any chance of success, despite optimism from some sources, with Polymarket users giving CLARITY mere 14% odds of becoming law in 2026 as of Tuesday.

Implied odds for CLARITY act passing in 2026. Source: Polymarket

Commenting, trading company QCP Capital stressed that the act passing Tuesday’s procedural vote would have limited impact and form just one of several hurdles for proponents..

“The bill’s passage would clarify the respective regulatory roles of the SEC and CFTC, potentially strengthening the medium-term case for institutional adoption by reducing regulatory uncertainty,” it wrote in analysis on Monday.

“However, procedural progress does not guarantee final passage, and the timing of remaining legislative steps will determine the immediate market impact of any vote this week.”

Bond yields surge worldwide on oil-fueled inflation risk

US stocks, meanwhile, turned red on the day as bond yields around the world returned to their highest levels in decades. The US 10-year yield passed 5% for the first time since November 2023, going on to reach 5.041%, a level not seen since June 2007.

Related: Bitcoin short-term holders hit 30-day profit streak as bull-market odds improve: CryptoQuant

US 10-year bond yield one-month chart. Source: Cointelegraph/TradingView

Reuters further reported that the average 10-year yield for the world’s seven largest economies had reached 4.285%, its highest since mid-2008 around the height of the Global Financial Crisis.

UK and Japanese bonds also made headlines, as the UK 30-year yield reached 5.95% for the first time since March 1998, and the Japanese 10-year hit 3.04% — the highest in 30 years.

UK 30-year bond yield one-month chart. Source: Cointelegraph/TradingView

Responding, trading resource The Kobeissi Letter predicted that central banks would tighten policy as a result and enact interest-rate hikes. The US Federal Reserve is widely expected to hike its benchmark rate by 0.25% on Wednesday, while the Bank of Japan is expected to do the same at its Friday meeting.

“It’s clear what’s coming next. Monetary policy is shifting, rate hikes are returning, and the next battle against inflation has started. Just as we saw Treasury intervention in the US, the UK will likely soon intervene. Yields are simply unsustainable at current levels,” Kobeissi wrote in a post on X. 

Bond yields continued to rise due to the threat of a fresh global inflation wave on the back of high oil prices, with several key transit routes at risk from a widening Middle East conflict. WTI crude oil neared $105 per barrel on Tuesday, headed for its highest levels since early May.

CFDs on WTI crude oil one-day chart. Source: Cointelegraph/TradingView

An Ethereum MEV bot known as Yoink has front-run an attempted Safe wallet exploit involving 2,900 rsETH, worth about $7.8 million, and paid nearly 19 ETH to secure the first position in the block.

Yoink MEV bot takes the first position

PeckShield identified the incident as an approximately $7.81 million attack involving rsETH, a liquid restaking token associated with KelpDAO, after an MEV bot placed its transaction ahead of the suspected attacker.

On-chain records cited by security researchers show that Yoink received 2,900 rsETH in Ethereum block 25980525. From the total, the transaction sent 2,882.37 rsETH to the address 0xC70f00CD7E461686b04B0E912E309becA8b80ea0.

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At the time the address was reviewed, its balance stood at 2,882.36740883 rsETH. No transfer from the address was described in the initial reports, and the available information did not identify its owner or establish whether the funds would be returned.

The remaining 17.63 rsETH moved to the Uniswap v4 Pool Manager. According to the transaction path, the Pool Manager then sent 18.95 ETH to the Yoink contract, which forwarded 18.93 ETH to the block builder.

Paying almost the full ETH amount to the builder left little direct ETH profit from that part of the transaction. The large payment instead appears to have served as the bot’s bid for priority placement, although the cited researchers did not publish a complete profit calculation covering the retained rsETH or other transaction costs.

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Both Yoink’s transaction and the original exploit attempt landed in block 25980525. Yoink appeared at the top of the block, while the original transaction ran later and reverted. Security researchers viewed the ordering and failed follow-up transaction as evidence that the bot had detected the attack and moved first.

Such competition relies on maximal extractable value, or MEV, which comes from controlling the inclusion and ordering of transactions. A June 2026 crypto.news guide to MEV explained that searchers scan pending activity for profitable openings, assemble transaction bundles, and pay builders to place them in a chosen position.

Safe module checks allowed the exploit path

BlockSec attributed the underlying weakness to faulty authorization checks in an executor contract connected to an enabled Safe module. Under the firm’s account, attacker-controlled calls could pass through an executor that the wallet treated as trusted.

Safe is a smart contract wallet system that can require several signers to approve transactions. Its module framework also lets account owners add contracts that can perform specific actions under predefined rules, reducing the need for manual signatures on every operation.

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An enabled module therefore becomes part of the wallet’s security boundary. BlockSec’s analysis indicates that the affected executor failed to confirm the authority behind a call correctly, allowing an outside party to reach functions through a trusted route.

The report describes a problem in the executor contract associated with the wallet configuration rather than a flaw in Ethereum’s consensus system. Available details also do not show that the core Safe contracts were compromised, so attributing the incident to the entire Safe platform would go beyond the security firms’ findings.

Blockaid provided a more detailed account of how the attacker tried to use the permission failure. According to the security company, the attacker accessed a public keeper multicall and directed a custom Uniswap v4 liquidity module toward a hook pool under the attacker’s control.

Uniswap v4 hooks are contracts that can run custom instructions at set points in a pool’s operations. Blockaid said the maliciously created hook pool was then used to unpack aEthrsETH into rsETH, producing the tokens targeted in the transaction.

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Combining a public keeper function with a trusted execution route allowed the call to reach the custom liquidity setup, according to Blockaid’s analysis. Yoink’s bot saw the opportunity before the attacker completed it and submitted a competing transaction that captured the same output.

No statement included in the supplied reports identifies the suspected attacker, the Yoink operator or the block builder. The reports also did not say whether a recovery agreement, bounty negotiation or legal process had begun.

The rsETH transaction adds to 2026 DeFi losses

The attempted extraction occurred during a year of heavy losses across decentralized finance. A September report on DeFi security losses cited CertiK and Forbes estimates showing that protocols lost at least $1.3 billion to exploits during the first eight months of 2026.

The report found that compromised credentials and privileged access had overtaken traditional smart contract faults as the main source of losses by value. The Yoink incident differs in its reported mechanics because BlockSec traced the opening to authorization logic within an executor linked to a Safe module.

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rsETH has also appeared in a separate major security event this year. In April, an attacker minted 116,500 unbacked rsETH after compromising infrastructure tied to a LayerZero verifier, according to the previous coverage. The attacker then used the tokens as collateral on Aave to borrow other assets.

Security researchers have not connected the April incident to the transaction in block 25980525. The two events involved different reported weaknesses, and the latest case concerned an attempted movement of 2,900 existing rsETH through a wallet execution path.

U.S. authorities have treated some MEV schemes as fraud

For U.S. users, the Yoink transaction also shows why the term “front-running” does not by itself settle the legal status of an on-chain trade. Federal authorities have pursued certain MEV operations when prosecutors alleged that their operators used deception or tampered with systems to obtain funds.

In May 2024, the U.S. Department of Justice charged two brothers over an alleged Ethereum scheme that obtained about $25 million in cryptocurrency within roughly 12 seconds. Prosecutors alleged that Anton and James Peraire-Bueno manipulated the process Ethereum traders used to order transactions and fraudulently gained access to pending private transactions.

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The Justice Department charged the brothers with conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering. Its allegations concerned the methods allegedly used to obtain the trading information and manipulate the process, rather than treating every transaction-ordering strategy as automatically criminal.

No U.S. regulator or law-enforcement agency has announced an action involving Yoink or the attempted rsETH exploit based on the information supplied. The cited blockchain security firms have limited their findings to transaction ordering, the Safe-linked executor’s authorization checks, and the Uniswap v4 hook route used to unpack aEthrsETH.

Start standing with your feet hip-width apart and a slight bend in your knees, holding a dumbbell in each hand or a loaded barbell in both hands in front of your thighs.

Keeping that slight bend in your knees, push your hips back and lower the weight in front of your legs until you feel a stretch in the backs of your thighs.

Pause briefly, then drive through your feet to return to the starting position.

Complete all repetitions, aiming for 8 to 15.