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Crypto

U.S. Senate CLARITY bill progress lifts Coinbase, Circle more than bitcoin

As discussion of the U.S. Senate’s CLARITY bill advances, markets have reacted more strongly in assets expected to benefit from clearer regulation, including Coinbase, Circle, Ethereum and Solana, than in bitcoin. A revised draft includes provisions on stablecoin rewards, SEC fundraising exemptions, DeFi classification, AML duties, allocation of regulatory authority and tokenisation. Analysts say bitcoin already has much of the institutional framework, while exchanges and stablecoins could be direct beneficiaries.

Crypto

Clarity bill progress highlights regulatory clarity as U.S. institutional money moves into XRP

U.S. institutional money is moving into spot XRP exchange-traded funds, with daily net inflows of $5.66 million, while $698,040 left Hyperliquid-related funds, U.Today reported. The shift comes as U.S. Senate talks on the Clarity bill pick up pace. The bill would place oversight of digital commodities under the CFTC, leaving only securities-classified tokens to the SEC. Other altcoin spot ETF flows remain largely stalled.

Crypto

BitMine buys 7,430 ether in a week, holds 4.8 percent of circulating supply

BitMine increased its ether holdings to 5.78 million tokens, securing 4.8 percent of total circulating supply. Over the past week it added 7,430 ether, moving closer to its goal of accumulating 5 percent of circulating supply. About 4.9 million ether, or roughly 85 percent of its holdings, are staked. The company listed total assets of $11.5 billion, including 207 bitcoin and $385 million in cash and marketable securities.