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Hong Kong-founded crypto exchange CoinEx is shutting down after nine years. The platform cited a prolonged crypto winter and rising compliance costs, while users have until December to cash out their holdings.
XRP fell more than 11% to about $1.28 after the U.S. Senate failed to advance the CLARITY Act. Its market cap was $80.79 billion, while 24-hour trading volume climbed 41.2% to $6.49 billion.
CoinDesk reports that last-minute political disputes derailed the Clarity Act vote, disappointing a crypto industry that had placed major hopes on the market-structure legislation. No new timetable or details of the disagreements were provided.
aelf has restored public nodes and key dapps after a seven-day emergency shutdown tied to an August security incident. The outage eliminated one week of staking rewards, while a final review and consistent exchange transfers remain pending.
Ripple CEO Brad Garlinghouse called the CLARITY Act’s Senate defeat painful and said the company will conduct a full post-mortem. The bill failed to reach 50 votes, well below the 60 needed for cloture.
Bitcoin Magazine’s discussion with John Deaton focused on the Clarity Act cloture vote, which would determine whether Congress can begin debating the crypto bill rather than decide its final passage.
The Senate failed to advance the CLARITY Act after bipartisan negotiations collapsed and several Democrats withheld support. H.R. 3633 fell short of the 60 votes needed for cloture, blocking further Senate consideration.
