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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.
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.
Solana’s Transaction V1 raises the transaction size limit from 1,232 to 4,096 bytes. CoinDesk says the added capacity supports use cases such as multi-step trades, company-wallet approvals and privacy proofs.
Balancer is considering a wind-down after cost cuts and new products failed to revive revenue. Marcus Hardt said v3 did not replace legacy income, while a $128 million November exploit continued to weigh on adoption.
Trump backed Republicans’ revised Clarity Act, which strengthens ethics rules and concedes on DeFi and stablecoin issues. The crypto industry sees a path to passage, but support from enough Democrats for Tuesday’s vote remains uncertain.
Consensus will be held in Hong Kong for a third year, with CoinDesk reporting an expanded focus on institutional digital-asset adoption and artificial intelligence’s growing role in the future of money.
ByteDance has arranged a $29.6 billion loan while reportedly considering $70 billion in AI data centers and infrastructure spending, CoinDesk reports. The move comes as U.S. AI companies call for slowing the industry’s race.
CryptoSlate reports that hackers minted trillions of fake Bitcoin, while 15 BTC was recovered. The native bridge remains paused, liquidity providers are unpaid, and final accounting continues as a 20% bounty window closes September 13.
Robinhood’s crypto trading volume rose 61% in August, fresh operating data reported by Decrypt shows. Crypto activity is recovering, though another, unspecified business is now growing faster than traditional trading.
ESMA warned that stronger connections between crypto markets and traditional finance could amplify risks to the broader financial system, highlighting tokenized equities, DeFi exploits and prediction markets as areas of concern.
MoneyGram is rolling out a Visa stablecoin debit card as it expands blockchain-based payments. The move follows rival Western Union and signals intensifying competition between remittance companies exploring stablecoin-enabled services.
The SEC has given qualifying Bitcoin-heavy trusts a 15% window to move beyond existing listing rules through a faster generic route. Derivatives counted at gross notional value could quickly use the available flexibility.
