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Crypto

White House engages industry as Clarity Act wavers and crypto market splits

The dominant theme in digital assets over the past week was the U.S. Digital Asset Market Structure Act, known as the Clarity Act. As the bill stalls, the White House and regulators expanded direct contacts with the industry. In South Korea, a revised anti-money laundering law takes effect on Aug. 20, tightening entry requirements. Markets also tracked bitcoin’s range near $63,000, sharp debate over its outlook, XRP weakness and growing won stablecoin proof-of-concept activity.

Crypto

Evernode reworks Nasdaq listing terms as XRP nears $1

Evernode Holdings, a crypto treasury company backed by Ripple, has revised the terms of a Nasdaq listing worth more than $1 billion to reflect XRP\'s price decline, U.Today reported. The firm redesigned its SPAC merger structure to link valuation to XRP\'s volume-weighted average price at closing rather than a fixed assumption. It will keep a $10 share issue price but reduce shares issued and increase XRP backing per share. Investors and partners approved the changes.

Crypto

Plume wins Bermuda regulator licence to run institutional digital asset investment products

Plume Network’s unit Kimber Digital Asset Bermuda has obtained a Class M digital asset business licence from the Bermuda Monetary Authority, it said. The Class M licence is granted with conditions tailored to a specific model, scale and risk for a limited period and scope. The approval allows the unit to design investment policies, manage assets, and issue and distribute equity tokens under BMA supervision.