Key Takeaways
7 Senate Democrats rejected CLARITY, elevating regulatory uncertainty as negotiations proceed.River says 49.6M Individuals personal BTC, signaling broader adoption as bitcoin surpasses gold.BitMEX closes Sept. 23, 2026, whereas Satsuma sells 668 BTC amid additional trade consolidation.
WEEK IN REVIEWDemocrats Reject CLARITY Act Draft as Crypto Ethics Dispute Intensifies
Seven Senate Democrats rejected the most recent CLARITY Act draft, saying it doesn’t go far sufficient on ethics, client safety, and illicit finance… learn extra.
Editor’s remark:
As Blockworks’ Felix talked about earlier this week, CLARITY passing can be bullish, but additionally the failure of it to move would probably catalyze the ultimate leg down for Bitcoin and crypto, thus permitting it to kind its bear market backside. So no matter what occurs, it’ll be constructive for the trade.
Cathie Wooden Says SpaceX Might Develop into ‘the Most Necessary Firm in Historical past’ Regardless of 48% Inventory Slide
Ark Make investments CEO Cathie Wooden delivered a sweeping endorsement of SpaceX as shares traded 48% beneath their peak and 13% beneath the… learn extra.
Editor’s remark:
Wooden’s efficiency over the previous few years shouldn’t be precisely indicative of an all-star inventory picker, however her phrases nonetheless carry weight. With SPCX now at a half-off low cost from its IPO value, and the US authorities as its foremost consumer, Musk’s firm is more likely to be an essential bellwether for markets sooner or later.
Bitcoin Possession Overtakes Gold as 49.6 Million Individuals Now Maintain BTC
Bitcoin has overtaken gold as the popular onerous asset amongst American traders, in line with bitcoin monetary providers agency River.… learn extra.
Editor’s remark:Slowly, then all of a sudden. In hindsight, it would look apparent that the asset, which is out there to anybody by their telephone, for any greenback quantity they need, which can be free to retailer and utterly cell, would acquire recognition over heavy and glossy rocks.
One other Bitcoin Treasury Agency Is Shutting Down. What Satsuma’s Vote Means for Traders
Satsuma Know-how shareholders voted overwhelmingly to liquidate the London-listed firm, promote its remaining 668 bitcoin and return capital to… learn extra.
Editor’s remark:
The sudden explosion in new DATs marked the highest of the final bull market, and the implosion of these DATs a 12 months later seems to be marking the underside of the bear market. Nakamoto (NAKA) which is down 99.6%, and Twenty One Capital (XXI), which is down 92%, might be subsequent on the chopping block.
BitMEX’s Closing Countdown: What the Shutdown Means and When You Ought to Withdraw
BitMEX operator HDR World Buying and selling Restricted introduced the everlasting closure of the change, efficient Sept. 23, 2026… learn extra.
Editor’s remark:
The top of an period. Because the inventor of the perp and the launchpad for Arthur Hayes’ profession in crypto, BitMEX is a vital pillar to the trade and tradition of digital property. Final month, earlier than saying the change was shutting down, BitMEX’s CEO and a number of other of its different execs resigned or stepped down.
