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CFTC will establish crypto rules if Congress stalls CLARITY Act
Commodity Futures Trading Commission (CFTC) Chairman Michael Selig said the agency is prepared to use its existing authority to establish a regulatory framework for crypto markets if Congress fails to pass the Digital Asset Market Clarity (CLARITY) Act.Fxstreet
Fri, Aug 21
Bitcoin demand turns positive across spot and perpetual markets as price rebounds above $70K
Bitcoin (BTC) demand has turned positive across both spot and perpetual futures markets for the first time since its October 2025 all-time high, according to CryptoQuant founder Ki Young Ju on Thursday.
Fxstreet
Fri, Aug 21
The CFTC is preparing crypto market rules in case Congress fails to pass CLARITY
CFTC (Commodity Futures Trading Commission) has started preparing a federal crypto market structure that it can pursue under existing law if Congress fails to pass CLARITY. CFTC Chairman Michael S. Selig announced the work Thursday, saying his staff are now looking at rules that could bring both registered companies and currently unregistered crypto exchanges under...Cryptopolitan
Thu, Aug 20
Crypto, AI, and online betting firms are driving a record $517 million in corporate election spending
Crypto firms, artificial intelligence companies, and online gambling businesses are behind a $517 million of corporate election spending focused on the 2026 U.S. races. Public Citizen’s data claims that U.S. companies put that sum into House and Senate contests during the 15 months through the first quarter, surpassing the $461 million corporations spent across the...Cryptopolitan
Thu, Aug 20
Researchers tie the arrayref Rust crate hijack to North Korean hackers
Wiz says the supply chain attack that poisoned arrayref, a Rust package present in roughly three-quarters of environments running Rust, has drawn comparisons with recent North Korean operations. The harmful update hid a backdoor that steals login information inside a code designed to run automatically when users compile projects. So, anyone who compiled a project...Cryptopolitan
Thu, Aug 20
Chamath Palihapitiya warns data center revolt could dent US GDP
Investor Chamath Palihapitiya issued a warning in an X post on Thursday. He argued that the political finger-pointing surrounding the construction of AI data centers could lead to the loss of 200 to 300 basis points of annual US GDP if the fighting continues. Chamath pointed to backlash from states like Texas, Ohio, and Pennsylvania...Cryptopolitan
Thu, Aug 20
Australia passes new law to fine tech giants that don't pay for local news
Australia’s parliament has passed the “News Bargaining Incentive” on Thursday, a law focused on top tech platforms like Meta, Google, TikTok and Microsoft, handing them a choice between signing paid deals with Australian news publishers or giving up 2.5% of their local advertising revenue to the government. The levy is set to affect only firms...Cryptopolitan
Thu, Aug 20
Peter Schiff calls Bitcoin's climb above $72K a fakeout as bulls dig in
Peter Schiff, a longtime Bitcoin critic, said on Thursday that BTC’s rise to above $72,000 is a false breakout built on a one-off Treasury move. Bullish analysts, on the other hand, regard the same week’s data as the start of a fresh cycle for Bitcoin. Will Bitcoin continue rising? Bitcoin traded around $71,447 on Thursday,...Cryptopolitan
Thu, Aug 20
Alibaba reports 9% rise in quarterly revenue, shares fall 6%
Alibaba grew its revenue 9% last quarter but shares still fell 6% after profit dropped 76% due to a surge in AI spending, the company reported Thursday. Revenue for the quarter ending June 30 reached 268.95 billion yuan ($39.64 billion), up 9% from a year earlier. Net income fell to 10.54 billion yuan ($1.55 billion),...Cryptopolitan
Thu, Aug 20
Japan exports soar 23% as China shipments surge and AI demand fuels growth
Japan’s exports climbed 23.2% in July compared with the same month last year, with stronger semiconductor equipment sales and much heavier trade with China doing most of the lifting. That was the quickest annual export gain since October 2022. It also meant export growth sped up for a fifth straight month. Economists had been looking...Cryptopolitan
Thu, Aug 20
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