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Bitcoin Posts Biggest Week Since 2024 as Trump Pushes Senate on CLARITY Act
Markets

Bitcoin Posts Biggest Week Since 2024 as Trump Pushes Senate on CLARITY Act

Bitcoin gained 22.6% over seven days, its largest advance over any seven-day window since November 2024, after the president told crypto executives at the White House that Congress needs to pass market structure legislation.
Circle Targets Sept. 16 for Arc Public Mainnet Launch
Blockchains

Circle Targets Sept. 16 for Arc Public Mainnet Launch

Official materials name Circle and 11 founding validators, while an Arc documentation page describes approximately 20 validators at launch.
Illuvium Team Cuts Wages To Extend Runway
NFTs & Web3

Illuvium Team Cuts Wages To Extend Runway

Co-founder Kieran Warwick says the reduction puts the Ethereum game studio past 12 months of runway, with the remaining team working almost entirely on its Overworld MMO.
MANTRA Halts Chain, Blames Cosmos EVM Module
Blockchains

MANTRA Halts Chain, Blames Cosmos EVM Module

The Dubai-licensed RWA Layer 1 has been frozen since Thursday evening. MANTRA says the incident touched two wallets it controls and that no user funds were taken, and has not said whether anything left those wallets.
Judge Keeps Sun's World Liberty Claims In Court
DeFi

Judge Keeps Sun's World Liberty Claims In Court

Justin Sun's individual claims will be heard in open court, and the two sides must negotiate which of the claims brought by his corporate plaintiffs go to a private arbitrator. No written order had been entered on the docket as of Thursday afternoon.
Optimism Redirects $49.7 Million Airdrop Reserve After Late Deciding Vote
Blockchains

Optimism Redirects $49.7 Million Airdrop Reserve After Late Deciding Vote

Test in Prod, a core development team that says it is fully funded by the Optimism Collective, supplied the 8.486 million OP vote that secured approval.
Arbitrum Activates Elara With Optional Compliance Filters for Dedicated Chains
Blockchains

Arbitrum Activates Elara With Optional Compliance Filters for Dedicated Chains

Chain owners—not ArbitrumDAO—control screening on dedicated networks, while priority fees remain off on Arbitrum One pending another vote.
Trump Says CFTC Working to Onshore Hyperliquid
Regulation & Politics

Trump Says CFTC Working to Onshore Hyperliquid

The president said CFTC Chair Michael Selig is working to bring the geoblocked perpetual futures venue into the US "in a fully compliant and legal fashion," sending HYPE and Hyperliquid Strategies shares up and CME and Cboe down.
How Maple Finance Became the #2 Crypto Lender Behind Tether — Sid Powell Explains
Podcast

How Maple Finance Became the #2 Crypto Lender Behind Tether — Sid Powell Explains

Sid Powell, CEO and co-founder of Maple Finance, joins Chris Storaker on the Converge Podcast
Bitcoin Tops $68,000 as Short Liquidations Hit $1.7 Billion
Markets

Bitcoin Tops $68,000 as Short Liquidations Hit $1.7 Billion

Ether gained 9% and total crypto market value rose 5.1% after the U.S. Treasury said it would at least double the size of its long-dated bond buybacks. Short positions accounted for 91% of the day's liquidations.