Haider Rafique of OKX expressed skepticism that the Clarity Act, a key U.S. crypto market structure bill, will pass this year due to political dynamics ahead of the midterms. He noted that Democrats have little incentive to support a Republican-led crypto bill, and much of the positive impact is already priced into bitcoin, limiting upside but risking a sharper downside if it fails. Rafique also highlighted OKX's plans to expand its partnership with Intercontinental Exchange to bring tokenized equities and traditional financial products onchain, aiming to strengthen the U.S. digital asset industry amid regulatory uncertainty.
Bitcoin climbed nearly 2% to around $65,200 after U.S. July jobs data showed a surprising loss of 23,000 payrolls, missing expectations for growth. This weak report reduces the likelihood of a Federal Reserve rate hike in September, pushing traders t...
Bitcoin is trading around $65,167, up about 1.4% on the day, after the US Senate confirmed it would not vote on the CLARITY Act before the August recess. The market had already priced in this delay, so the impact was muted. Bitcoin remains in a defin...
Michael Saylor, a prominent Bitcoin advocate, declared that Bitcoin does not require the long-delayed Crypto Clarity Act to function properly. He argued that the law is more necessary for the United States to regulate its crypto operations smoothly r...
Bitcoin remains near $65,000 but faces pressure as the total stablecoin market capitalization has dropped by over $16 billion since May. This decline suggests that capital may be exiting the crypto market rather than just rotating between Bitcoin and...
ETHGas, which tracks Ethereum gas fees, rose over 36% following increased network activity and congestion. The surge was driven by a rebound in Ethereum transactions and a rise in DeFi lending dominance to 67% of onchain borrowing. Layer 2 solutions ...
