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Paradigm Presses FDIC Over Stablecoin Yield Ban as CLARITY Looms

Paradigm has challenged the FDIC’s proposed stablecoin rules, warning against a broader yield ban. The firm says the GENIUS Act limits issuers, not independent third-party platforms. The letter adds pressure as Congress weighs the CLARITY Act and wider crypto market rules. Paradigm Challenges FDIC Stablecoin Yield Plan Paradigm told the U.S. Federal Deposit Insurance Corporation that its proposal exceeds the GENIUS Act. The firm said the law does not allow the agency to restrict third-party stablecoin rewards. It also argued that Congress rejected similar restrictions during earlier legislative talks. The GENIUS Act bars stablecoin issuers from paying yield directly to holders. However, Paradigm said that the rule does not apply to exchanges or other outside firms. Therefore, the FDIC should not treat third-party rewards as automatic violations. The firm urged the FDIC to remove language that expands the act beyond its text. It also asked the agency to match limits proposed by the OCC...
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HTX sanctions risk blurring crypto risk signals, researchers warn

The United Kingdom has sanctioned Huobi Global S.A., the Panama-based company behind the HTX exchange, amid allegations of providing financial support to Russia-linked networks. The move has sparked a lively debate among blockchain researchers and industry observers, who warn that broad sanctions could ripple across the crypto compliance fabric and disrupt established practices for curbing illicit activity in DeFi and beyond. Regulators asserted there were reasonable grounds to suspect HTX had supported Russia’s government through financial services and funds routed via sanctioned entities A7 Limited Liability Company and Garantex. HTX has rejected the characterization, insisting that the sanctioned entity is not the exchange itself. Amid the sanctions discourse, researchers highlighted potential collateral damage to the industry’s risk governance. Galaxy Digital’s Alex Thorn suggested that the scope of the sanctions—covering “all of HTX”—could affect legitimate users and complicate st...
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Altcoins With Potential to Make Big Waves As Momentum Builds

Key Insights Chainlink gains more traction due to CCIP and institution blockchain adoption Litecoin is gaining strength due to high liquidity and fast transaction speeds Ondo Finance has been making headlines due to growing interest in tokenization and financial products on the blockchain Increasing market optimism is pushing investors into altcoins with proven use cases All three altcoins function within different industries Altcoins Become Favored in Market Upturn Over Bitcoin and Ethereum Now that the cryptocurrency market is experiencing better sentiment than before, traders are eyeing altcoins rather than sticking to Bitcoin and Ethereum because the latter two are perceived to be safer but have less upside potential. However, there are several cryptocurrencies that are becoming increasingly popular owing to their solid foundations, thriving ecosystems, and practical applications. Chainlink (LINK), Litecoin (LTC), and Ondo Finance (ONDO) are some of the altcoins making a ...
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Four charts point to BTC slipping toward $50K

Bitcoin (BTC) bulls managed to defend the $60,000 level after a roughly 13% pullback last week, but a bundle of on-chain indicators and technical signals still points to meaningful downside risk in the weeks ahead. Traders are watching whether BTC can sustain the rebound or slide toward the lower end of its recent range as macro headwinds and market dynamics weigh on risk assets. Key price and on-chain reference points are centering around miners’ costs, realized price, and valuation bands. If BTC fails to hold above crucial support, analysts say a test of the $50,000 area remains plausible, with several metrics suggesting a potential deeper retest before a durable bottom forms. Notably, the framework used by several researchers combines production-cost estimates, the average cost basis of current holders, and long-run valuation bands to gauge where BTC might gravitate during periods of stress. In the current setup, those signals converge near the mid-$50,000s to low-$50,000s, with a c...
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Ripple XRP Transfer to Binance Sparks Fresh Market Uncertainty Today

Ripple XRP Transfer Raises Fresh Market Questions Whale Alert reported a large XRP movement involving 50 million tokens from a Ripple-linked wallet. The transfer carried a value of about $59 million, based on current market prices. As a result, the transaction drew quick attention across the XRP community. https://x.com/CryptoRednirav/status/2064290938143543505 XRPScan data showed that the Ripple wallet first moved funds to the raRVLN1 subwallet. That step suggested an internal transfer rather than a direct exchange deposit. However, the same wallet later started sending smaller batches to Binance-linked addresses. The transfers moved mainly in 2 million XRP lots to two wallets. XRPScan links those addresses, rBNCyN and rnPpiy, to Binance exchange activity. Therefore, the flows may reflect Ripple's liquidity management for payment-related operations. XRP Price Holds Recovery as Binance Flows Draw Scrutiny XRP traded around $1.16 after gaining more than 12% from last week’s $1.05 lo...
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200+ Firms Urge Senate to Enact CLARITY Act for Crypto Regulation

More than 200 crypto companies and organizations are pressing the US Senate to pass the CLARITY Act, warning that protracted delays could cause the measure to miss a key legislative window. A letter circulated Monday by Stand With Crypto urged Senate leadership to advance the bill to the floor without delay, arguing that the Senate Banking Committee’s recent bipartisan vote built momentum for durable market-structure legislation. The CLARITY Act would set out the regulatory framework for crypto in the United States by detailing how the Securities and Exchange Commission and the Commodity Futures Trading Commission should oversee digital assets. Negotiations have stretched over several months as lawmakers and industry participants debated provisions—an impasse that has repeatedly stalled movement on the bill despite late-year opportunities. In the letter, the coalition—led by Stand With Crypto along with The Digital Chamber, the Blockchain Association, and the Crypto Council for Innovat...
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MiCA Architect Urges EU to Prioritize Tokenization Over DeFi Rules

The European Union’s approach to crypto regulation is shifting toward a broader digital asset framework, with calls to include real-world assets and tokenization rather than directing regulatory energy solely at decentralized finance (DeFi) through a second MiCA reboot. The European Commission’s MiCA review is in motion, having launched a public consultation in May and inviting feedback through Aug. 31. “I do not believe that is outdated now. That’s my personal opinion, but it does not matter. That’s why we have this consultation,” said Peter Kerstens, a MiCA architect at the European Commission, during a fireside chat at WAIB Summit Monaco 2026. He emphasized that the input gathered during the consultation will help shape the bloc’s next regulatory steps. As a reminder, MiCA is undergoing its review ahead of a potential second iteration. The public consultation comes as the bloc grapples with a shifting landscape for crypto firms and products. Separately, MiCA is approaching a critic...
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