⚖️ Senate crypto market structure bill faces make-or-break vote Tuesday
The U.S. Senate is set for a pivotal vote on Tuesday on a crypto market structure bill, scheduled by Majority Leader John Thune (R-SD), with the crypto industry pushing hard for its passage.
The vote is being described as a defining moment for the legislation, which aims to establish regulatory clarity for digital assets. The bill's fate in the Senate will determine whether it advances or stalls.
No further procedural or legislative details were provided in available reporting.
🐸 Hunter Biden LAPTOP token collapses 98% after launch
This week's crypto recap spans memecoins, a major theft guilty plea, and sanctions evasion.
Pump.fun launched a feature pairing memecoins with tokenized stocks, while the Hunter Biden-themed LAPTOP token crashed 98% shortly after its debut. A cybercrime network entered guilty pleas over a $245 million crypto heist. Exchange Liquid continued efforts to recover from a 4,000 BTC exploit. Separately, reports indicate Iran is increasingly relying on Bitcoin and USDT to circumvent international sanctions.
Spot XRP ETFs have set a new all-time high in cumulative inflows, reaching $1.7 billion as a nine-week streak of consecutive weekly inflows continues.
The sustained demand marks one of the strongest sustained inflow runs for any crypto ETF product, reflecting growing institutional appetite for XRP exposure through regulated vehicles.
Galaxy Digital CEO Mike Novogratz has confirmed that the Clarity Act is advancing legislatively, signaling potential positive developments for the broader crypto sector.
The Clarity Act is aimed at establishing a clearer regulatory framework for digital assets in the United States. Novogratz's comments suggest momentum is building around the bill, though no specific timeline or vote details were provided in the source.
Regulatory clarity remains a key focus for institutional crypto participants, with legislation like the Clarity Act closely watched as a potential turning point for how digital assets are classified and overseen in the U.S.
🏦 Nasdaq invests $100M in Kraken at $21B valuation
Nasdaq Ventures has agreed to invest $100 million in Payward, the parent company of crypto exchange Kraken, valuing the firm at $21 billion.
The deal comes alongside a reported 2027 token plan, signaling Kraken's continued push toward broader capital markets integration. Kraken is one of the largest U.S.-based crypto exchanges, and the investment marks a notable move by Nasdaq — the operator of a major U.S. stock exchange — into direct equity stakes in crypto infrastructure.