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Kraken Parent Plans Permissioned Hyperliquid Perps for US Traders
DeFi

Kraken Parent Plans Permissioned Hyperliquid Perps for US Traders

Bitnomial would deploy, administer, clear and settle the proposed markets, while NinjaTrader Clearing would carry approved customer accounts.
Aave Labs Plans A Tokenized-Asset Credit Market On Avalanche With Tether's USA₮
DeFi

Aave Labs Plans A Tokenized-Asset Credit Market On Avalanche With Tether's USA₮

The Aave V4 RWA Hub would let institutions borrow USA₮ against tokenized collateral on Avalanche. The hub and the USA₮ listing both go to an Aave DAO vote, and the release gives no launch date.
Circle Launches Arc Mainnet With BlackRock, DTCC and Visa Producing Blocks
Blockchains

Circle Launches Arc Mainnet With BlackRock, DTCC and Visa Producing Blocks

The Layer 1 charges gas in USDC and runs proof-of-authority across a permissioned set of 11 institutions plus Circle. More than 100 applications are live at launch, with Aave, Morpho and Uniswap anchoring DeFi. Circle minted 10 billion ARC tokens this week without committing to a public launch.
CLARITY Act
Regulation & Politics

Senate Blocks CLARITY Act 49-50 With No Democratic Votes to Proceed

Cloture on the motion to proceed to H.R. 3633 fell 11 votes short of the 60 it needed. All 49 votes to proceed came from Republicans. Collins, Hawley, Moran and Tillis voted no, and Tillis voted no to preserve the right to move to reconsider, which he did a minute after the result was announced. Polymarket cut the odds of the bill becoming law this year to 6.5% from 29.5% on Monday.
Bitcoin Falls Below $76,000 as Traders Cut CLARITY Act Odds Hours Before Senate Vote
Markets

Bitcoin Falls Below $76,000 as Traders Cut CLARITY Act Odds Hours Before Senate Vote

Polymarket priced the odds of the bill becoming law this year at 12.5% on Tuesday morning, down from 29.5% on Monday afternoon, ahead of a cloture vote scheduled for 2:15 p.m. Ninety-five of the 124 largest non-stablecoin tokens fell as the Federal Reserve opened a two-day meeting with a quarter-point increase priced at 86.5%.
CoinEx to Close Exchange on Ninth Anniversary
CeFi

CoinEx to Close Exchange on Ninth Anniversary

Withdrawals end Dec. 22, while Arkham attributes $422.7 million across 3.2 million addresses to CoinEx and its reserve page shows no current audit rows.
Bitget Wallet Adds Reality's Tokenized U.S. Stocks Alongside Ondo And xStocks
TradFi & Fintech

Bitget Wallet Adds Reality's Tokenized U.S. Stocks Alongside Ondo And xStocks

The self-custodial wallet lists rTokens on Arbitrum and Morph from Sept. 15. Reality is part of the Bitget ecosystem.
XRP Leads a Broad Crypto Bid on the Eve of a Senate Vote and a Fed Decision
Markets

XRP Leads a Broad Crypto Bid on the Eve of a Senate Vote and a Fed Decision

Bitcoin added 2.3% to $79,164 and set its session high in New York rather than overnight, while the S&P 500 held a 0.3% loss. Seventy-nine of the 121 largest non-stablecoin tokens rose. The Senate votes at 2:15 p.m. Tuesday on whether to take up the CLARITY Act, and Polymarket traders price a quarter-point Federal Reserve increase on Wednesday at 85.5%.
Republicans Post Final CLARITY Act Text With Trump-Backed Ethics Terms a Day Before Cloture Vote
Regulation & Politics

Republicans Post Final CLARITY Act Text With Trump-Backed Ethics Terms a Day Before Cloture Vote

The ethics division drops the Jan. 20, 2029 sunset, reverses the July text's bar on state attorney general enforcement, and raises civil penalties from 10% of the take or $500,000, whichever is less, to 20% or $500,000, whichever is greater. The bans on issuing and sponsoring digital assets reach only assets created after the law takes effect, up to 360 days after enactment. No Democrat has endorsed the text.
Robinhood Stock Tokens
TradFi & Fintech

Robinhood Says Shares And Votes Are Coming For Stock Tokens

Crypto chief Johann Kerbrat said on Monday that in-kind redemption and voting are on the roadmap for Robinhood Stock Tokens. The base prospectus governing the tokens says holders are not entitled to physical delivery of the underlying shares and have no voting rights, and the final terms let the issuer lend those shares out and waive the votes.