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Crypto

Coinbase, Circle pull ahead as U.S. Clarity Act delay creates regulatory polarisation

As the U.S. Senate’s Clarity Act stalls, analysts say big crypto firms such as Coinbase and Circle are benefiting from the regulatory delay, while smaller companies, DeFi projects and community banks bear heavier uncertainty. Ark Invest increased holdings in Coinbase and Circle, and Circle secured federal national trust bank approval in July. The bill has grown in length, would split SEC and CFTC oversight, and impose disclosure, registration and AML duties. Bitcoin has slipped, and spot ETF inflows hit a monthly low.

Finance

U.S. SEC reviewed more than 1 billion airline ticket records, raising data-broker surveillance row

A controversy has erupted after it emerged that the U.S. Securities and Exchange Commission subscribed to a database containing more than 1 billion global airline booking records and used it to track personal travel. The data included names, payment information, origin and destination cities and flight numbers, and the SEC used automated alerts to flag new bookings. Critics say buying such data may bypass legal procedures. ARC said the program aimed to prevent crime and bolster national security.

Crypto

Crypto exchanges\' bank ties to continue, Coinone and Bithumb seen renewing deals

Coinone and KakaoBank are in talks to extend their partnership for won deposit and withdrawal accounts by another year, with the current contract due to expire in mid-August. KakaoBank is said to have completed an on-site review of Coinone’s anti-money laundering system in May. KB Kookmin Bank is also reported to be strongly considering a 1-year extension of its tie-up with Bithumb ahead of an end-of-contract date in late September.