Daily News 19

Author: Evan Mercer

  • Mike Novogratz Critiques Crypto Legislative Breakdown

    Mike Novogratz Critiques Crypto Legislative Breakdown

    Novogratz Slams Congress Over Clarity Act Failure

    Prominent crypto investor Mike Novogratz has sharply criticized Congress for failing to advance the Clarity Act, legislation designed to establish a regulatory framework for digital assets in the United States. In a recent social media post, Novogratz detailed how 18 months of bipartisan negotiations collapsed, leaving the industry without the regulatory clarity it has long sought.

    Bipartisan Deal Collapses Amid Ethics Disputes

    According to Novogratz, a compromise on the Clarity Act was within reach before political intransigence derailed the process. He emphasized that ethics concerns became a focal point of disagreement, causing both Republicans and Democrats to prioritize partisan positioning over the long-term health of the cryptocurrency sector. The breakdown underscores deep divisions in Washington over how to regulate digital assets.

    Market Reaction: Uncertainty Persists

    The broader crypto market has shown mixed signals, with major assets lacking substantial price momentum. Traders appear cautious, reflecting the uncertainty highlighted by Novogratz’s comments. Without clear legislative direction, many investors are holding back, awaiting concrete signals from Congress regarding the future of crypto regulation.

    Election Year Dynamics Could Delay Crypto Legislation

    As the U.S. elections approach, Novogratz suggested that crypto policy may not rank as a top-tier issue for voters, overshadowed by pressing concerns such as inflation and immigration. This political reality could further sideline legislative efforts, prolonging the regulatory vacuum that currently hampers industry growth and investor confidence.

    What Traders Should Watch Next

    Market participants should monitor how ongoing political discourse influences sentiment. The regulatory uncertainty could lead to increased volatility in digital asset prices. Shifts in legislative focus as the election nears may either hinder or facilitate progress on crypto legislation, directly impacting the trajectory of the market.

    This article is for informational purposes only and does not constitute financial advice.

  • World Liberty Financial: Can $6M Whale Buying Push WLFI Back to $0.06?

    World Liberty Financial: Can $6M Whale Buying Push WLFI Back to $0.06?

    World Liberty Financial ($WLFI) Price Analysis: Whale Accumulation Counters Founder Sell Concerns

    World Liberty Financial ($WLFI) reached a local high of $0.061 four days ago before retracing sharply. At press time, the token trades around $0.058 with trading volume down 13% to $42 million, signaling a market slowdown.

    Whale Accumulates $6.18 Million in $WLFI

    Despite cooling momentum, on-chain data reveals significant whale accumulation. According to Arkham Intelligence data highlighted by Nazoku, a single whale withdrew 90 million $WLFI from Binance and received an additional 18.7 million $WLFI from other wallets, totaling 108.45 million $WLFI worth approximately $6.18 million.

    This sustained buying pressure suggests strong optimism from major holders anticipating further gains.

    Exchange Netflows Confirm Accumulation Trend

    CoinGlass data shows Spot Netflow has remained negative for 12 consecutive days, indicating consistent withdrawal of tokens from exchanges into private wallets. Historically, extended periods of negative netflow have often preceded stronger price performances.

    Founder Token Movements Raise Selling Pressure Concerns

    Market caution persists due to reported actions by the Trump family and co-founders. The Washington Sun reported that Trump and other founders moved 20 billion $WLFI into new vesting contracts, a structural step that would enable future cash-outs and payouts.

    This development has intensified concerns among market participants and watchdogs regarding potential conflicts of interest and significant selling pressure if major holders decide to liquidate positions.

    Technical Indicators: Bullish Structure With Reversal Risks

    Current technical analysis presents a mixed but cautiously optimistic picture:

    • Bulls vs. Bears (BvB) indicator: Positive at 5, indicating buyer dominance
    • Relative Strength Index (RSI): Hovering above 50, suggesting active buyers and trend continuity

    Key price levels to watch:

    • Bullish scenario: If whale demand holds, $WLFI could close above $0.058–$0.06
    • Bearish scenario: Persistent slowdown could push RSI below 50, signaling trend reversal with potential decline to $0.054

    Summary

    • A World Liberty Financial whale purchased 108 million $WLFI worth $6.18 million across recent transactions.
    • Market structure remains bullishly cautious amid allegations that Trump family and founders are preparing to sell holdings via new vesting contracts.
  • AxLabs Launches Full Ax402 Stack on Neo X

    AxLabs Launches Full Ax402 Stack on Neo X

    AxLabs Deploys Full Ax402 Payment Stack on Neo X for Machine-to-Machine Commerce

    AxLabs has launched the complete Ax402 stack on Neo X, delivering a live payment infrastructure that enables developers to monetize REST APIs, gate resources behind a stablecoin paywall, and facilitate programmatic payments between AI agents. Transactions settle on a per-request basis using supported tokens including $USDC and xGAS.

    From July Launch to Production Deployment

    The release marks Ax402’s transition from its initial July launch—previously covered by NNT—to a full production deployment. Ax402 is built on x402, an open protocol that repurposes the HTTP 402 Payment Required status code as the trigger for machine-to-machine payments.

    When Ax402 first launched on Neo X in July, the gateway integrated through xGAS, a wrapped GAS token deployed by Bane Labs specifically for x402 payments. This provided a Neo-native settlement option alongside the protocol’s broader $USDC support.

    New $USDC Settlement Via Chainlink CCIP

    $USDC settlement on Neo X became possible one day before this announcement, when $USDC.e and WETH arrived on the network through Chainlink’s CCIP-powered Transporter bridge on September 14.

    Solving Friction in Machine-to-Machine Commerce

    Ax402 addresses a critical friction point in machine-to-machine commerce: AI agents and API consumers currently lack a standard way to pay for resources on a per-request basis without accounts, subscriptions, or checkout flows.

    Practical examples include:

    • A research agent paying for a single query to a premium data API
    • A coding agent paying to run a specialized security scan
    • One AI agent paying another for a translation or other discrete service

    Resources and Documentation

    Developers can explore the protocol at ax402.io. Full documentation is available at docs.ax402.io.

    The full announcement can be found at the link below:

    https://x.com/ax_labs/status/2099855010137887212

  • Solana Raises Maximum Transaction Size to 4,096 Bytes as txv1 Goes Live

    Solana Raises Maximum Transaction Size to 4,096 Bytes as txv1 Goes Live

    Solana activated the txv1 feature gate on mainnet at the start of epoch 1035 on September 15, 2026, at approximately 01:00 UTC, raising the network’s maximum transaction size from 1,232 bytes to 4,096 bytes, according to an official upgrade note published by the Solana Foundation. The change is defined in SIMD-0296 and delivered through the v1 transaction format introduced in SIMD-0385.

    What the 4,096-Byte Limit Unlocks

    Solana framed the increase as a headroom gain rather than a breaking change. Work that previously had to be divided into several chained transactions — zero-knowledge proofs such as those used by Confidential Transfers, large multisignature operations, and batched programs — can now land as a single atomic transaction, which means fewer signatures to pay for and one confirmation instead of several.

    Because v0 and legacy transactions remain unchanged, wallets and applications that do not need the extra room keep working exactly as they do today, and the note stresses that nothing about how users approve, sign, or send a transaction changes.

    Node Operators Face a Migration Window

    The feature is live on mainnet, testnet, and devnet, but Solana said some infrastructure needs a specific release. RPC nodes must upgrade to Agave v4.2.2 or later; earlier builds downgrade v1 messages to v0 on the way into storage, which zeroes out the compute budget and misreports the version. Jito-Solana validators also need v4.2.2 or later, because a leader running an older build will not assemble v1 transactions into its blocks.

    The upgrade note points to a version matrix recording the first release of every dependency that handles v1 transactions, alongside a runnable code example for sending, decoding, and indexing them.

    Another Step in a Busy Year of Solana Upgrades

    The transaction-size increase follows a run of mainnet changes aimed at throughput. Solana earlier raised its block capacity to 100 million compute units on mainnet and separately cut its slot time to 350 milliseconds in the first reduction since genesis. Together, the changes signal the network’s push to support larger and more complex workloads, including the proofs and batch operations that the bigger transaction envelope is designed to accommodate.

  • Binance Launches Realized Perp Slippage Metric for Traders

    Binance Launches Realized Perp Slippage Metric for Traders

    Binance Launches Realized Perpetual Slippage Metric to Improve Trading Execution Insights

    Binance has introduced a new analytical tool called realized perp slippage, designed to give traders a clearer view of order execution quality on its perpetual futures market. The metric measures the gap between expected slippage — calculated from a pre-execution order book snapshot — and the actual slippage experienced when a market order fills. By quantifying this difference, Binance aims to help users assess execution efficiency and refine their trading strategies in real-time.

    How the Realized Perp Slippage Metric Works

    The system captures the state of the order book immediately before a market order is executed, establishing a baseline for expected slippage. Once the order fills, the actual execution price is compared against that baseline. The resulting realized perp slippage figure reveals whether traders received better or worse fills than anticipated, offering a transparent benchmark for execution performance.

    This approach addresses a long-standing challenge in crypto derivatives trading: the opacity of slippage during volatile or thin-liquidity conditions. With this metric, traders can now audit execution quality post-trade, identify patterns, and adjust order types, timing, or venue selection accordingly.

    By the Numbers: A Snapshot of Current Discrepancy

    At the time of publication, Binance’s dashboard shows an expected slippage level of $0.94 versus an actual fill slippage of $1.63 — a notable divergence that highlights the practical impact of execution variability. Such gaps can erode profitability, especially for high-frequency or large-volume strategies where slippage compounds rapidly.

    The release comes amid mixed momentum across major crypto assets, with some showing bullish structure while others face selling pressure. In this environment, tools that quantify execution risk become increasingly valuable for risk management and strategy optimization.

    Strategic Implications for Traders

    As the market absorbs this new data layer, several behavioral shifts may emerge:

    • Execution monitoring becomes a routine part of post-trade analysis.
    • Traders may favor limit orders or algorithmic execution during periods of high realized slippage.
    • Comparative venue analysis could drive order flow toward exchanges with tighter realized slippage profiles.

    Binance, already recognized for its extensive suite of trading analytics, strengthens its platform’s appeal to institutional and professional traders who demand measurable execution transparency.

    What to Watch Next

    Market participants should track how realized perp slippage trends correlate with volatility regimes, funding rate shifts, and order book depth changes. Persistent deviations between expected and actual slippage may signal structural liquidity issues or latent market stress.

    Over time, this metric could influence product development — such as dynamic fee tiers, improved matching engine logic, or new order types designed to minimize slippage risk.

    Disclaimer: This article is for informational purposes only and does not constitute financial advice. Trading cryptocurrency derivatives involves significant risk; users should conduct independent research and consider their risk tolerance before engaging in any trading activity.

  • CLARITY Act Vote Stalls in Senate

    CLARITY Act Vote Stalls in Senate

    Senate Stalls CLARITY Act, Amplifying Crypto Regulatory Uncertainty

    The U.S. Senate failed to advance the CLARITY Act today, a development that injects fresh uncertainty into the digital asset regulatory landscape. According to a report from Fireblocks, the legislative stall threatens to disrupt the independent rulemaking timelines of both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), leaving traders and investors navigating a prolonged period of ambiguity.

    Legislative Gridlock Complicates Agency Timelines

    The CLARITY Act was designed to establish clearer jurisdictional boundaries between the SEC and CFTC regarding digital assets, providing a statutory framework many argue is essential for fostering innovation and investor confidence. With the bill stalled, both agencies continue to draft rules through their existing notice-and-comment processes—a timeline that extends roughly two years into the future.

    Fireblocks highlights that this legislative vacuum forces market participants to operate under overlapping and potentially conflicting regulatory regimes for the foreseeable future. The lack of congressional action effectively cedes the pace and shape of crypto regulation to agency-level proceedings, which may not align with industry needs or market realities.

    Mixed Market Signals Reflect Cautious Sentiment

    The broader cryptocurrency market is currently exhibiting mixed momentum across major assets, a pattern consistent with heightened regulatory sensitivity. The absence of decisive price action suggests traders are adopting a wait-and-see posture, recalibrating strategies around the extended horizon for regulatory clarity.

    Key factors influencing near-term sentiment include:

    • Potential revival of CLARITY Act discussions in the Senate
    • Upcoming SEC and CFTC rule proposals and comment deadlines
    • Shifts in trading volumes tied to regulatory news flow

    What Market Participants Should Monitor

    Stakeholders should track any signals of renewed legislative momentum around the CLARITY Act, as well as formal rulemaking publications from the SEC and CFTC. The interplay between congressional action and agency rulemaking will likely dictate market structure, compliance costs, and the competitive landscape for digital asset services in the U.S. over the next two years.

    This article is for informational purposes only and does not constitute financial advice.

  • RippleX Releases Batch V1.1 Amendment for XRP Ledger After Critical Bug Fix

    RippleX Releases Batch V1.1 Amendment for XRP Ledger After Critical Bug Fix

    RippleX Declares XRP Ledger Batch Amendment Ready for Activation

    Ripple’s developer division, RippleX, has announced that the XRP Ledger’s Batch amendment is ready for activation. A technical review published Monday details how the feature was rebuilt following the discovery of a critical security flaw in the original version. The corrected Batch V1.1 is included in the xrpld v3.3.0 release and enables multiple transactions from different accounts to settle atomically within a single ledger close. RippleX describes this capability as foundational for atomic swaps and multi-party coordination on the network.

    Why the Original Batch Was Pulled

    The original Batch amendment, known as XLS-56, was withdrawn after security researchers and Cantina AI identified a critical flaw in its signature-validation routine on February 19, 2026. The checkBatchSign function, responsible for confirming that each inner-transaction account authorized a batch, contained an early-return bug. When the function encountered a signer whose account did not yet exist on the ledger, it incorrectly returned success and skipped validation of all remaining signers. RippleX stated that this flaw could have allowed an attacker to execute transactions on behalf of victim accounts without access to their private keys. Because the amendment was still in its voting phase and had not yet activated on the mainnet, no funds were at risk.

    How Batch V1.1 Was Hardened

    Batch V1.1 replaces the original amendment and eliminates the early-return bug. According to RippleX, the root-cause fix was merged via pull request #6446 and reviewed by four senior engineers. Additional assurance came from a Sherlock Batch Attackathon contest, a Halborn re-assessment, and a Common Prefix audit. An AI-assisted static analysis pipeline incorporating a Cantina scan has been integrated into the release process, complemented by regression testing on devnet and testnet. The amendment is included in the xrpld v3.3.0 release, which bundles it with five other proposals.

    Atomic Transactions and What Comes Next

    Batch is designed to allow multiple XRPL transactions to execute as a single all-or-nothing unit, meaning a batch either fully succeeds or fully reverts — a design intended for atomic swaps and coordinated settlements. As with every XRP Ledger amendment, Batch V1.1 must achieve an 80% validator majority for 14 consecutive days before activation, according to the network’s amendment tracker. Consequently, the amendment remains in its voting phase. The ledger has attracted broader attention this month: the Bank for International Settlements recently tested the network to anchor official statistics on-chain, while XRP has expanded further into traditional finance amid growing ETF demand and derivatives access.

  • Velodrome and Aerodrome to Merge, Launching Aero

    Velodrome and Aerodrome to Merge, Launching Aero

    Velodrome and Aerodrome Merge to Launch Aero, a Unified Ethereum Liquidity Layer

    Velodrome Finance, a prominent decentralized exchange in the Ethereum ecosystem, has announced a strategic merger with Aerodrome to create Aero, a unified liquidity layer designed to consolidate liquidity and streamline the user experience across the network. The news broke via a post from the official @VelodromeFi account on X, generating immediate buzz among traders and DeFi participants eager to understand the implications for Ethereum’s liquidity infrastructure.

    Key Details of the Velodrome-Aerodrome Merger

    • New Entity: The combined protocol will operate under the name Aero.
    • Core Objective: Enhance Ethereum’s liquidity infrastructure by unifying fragmented liquidity pools.
    • Account Transition: The existing Velodrome account will be deprecated as part of the transition.
    • Official Channel: Users are encouraged to follow @aeroxyz for real-time updates on the migration and launch timeline.

    Market Context and Trader Sentiment

    The broader cryptocurrency market is showing mixed signals, yet Ethereum continues to command significant attention following the announcement. While no immediate price action or drastic fluctuations in ETH valuation have been reported, the merger has sparked considerable discussion on social media. Market participants are focused on the structural implications: specifically, how a consolidated liquidity layer could reshape trading volumes, capital efficiency, and user engagement within the Ethereum DeFi landscape.

    Why Liquidity Consolidation Matters for Ethereum

    Ethereum functions as the foundational settlement layer for smart contracts and decentralized applications (dApps), hosting a vast array of financial activities. Liquidity depth is critical for maintaining tight spreads, minimizing slippage, and ensuring the network retains its competitive edge against alternative Layer 1s and Layer 2s. By merging Velodrome’s established ve(3,3) tokenomics and gauge system with Aerodrome’s optimized iteration on Base, Aero aims to solve the persistent issue of liquidity fragmentation that often plagues multi-chain deployments.

    What Traders and Stakeholders Are Monitoring Next

    Market observers are closely tracking several key developments:

    • Migration Mechanics: The technical process for migrating existing VELO and AERO token holdings, as well as locked positions.
    • Incentive Alignment: How the new tokenomics will balance emissions, bribes, and voting power to sustain deep liquidity.
    • Volume Impact: Whether the unified frontend and backend architecture attracts net new volume or simply consolidates existing flow.
    • Ecosystem Adoption: Integration timelines for major DeFi protocols, aggregators, and wallet interfaces.

    If Aero successfully executes on its vision of a seamless, high-efficiency liquidity layer, the market reaction could be positive, potentially reinforcing Ethereum’s position as the premier hub for on-chain finance. Stakeholders should monitor official communications from @aeroxyz for the confirmed launch date and detailed migration guides.

    Disclaimer: This article is for informational purposes only and does not constitute financial advice.

  • Senate Stalemate on Clarity Act Prompts BitGo Custody Call

    Senate Stalemate on Clarity Act Prompts BitGo Custody Call

    BitGo Pushes Federally Regulated Banking Amid Clarity Act Senate Stall

    The stalled progress of the Clarity Act in the Senate has raised significant concerns regarding asset security, prompting digital asset custodian BitGo to advocate for the protection of assets through federally regulated banks. The situation underscores the growing importance of secure custody solutions for investors despite ongoing legislative delays.

    Regulatory Uncertainty Fuels Market Anxiety

    The broader crypto market is navigating mixed signals, with uncertainty surrounding regulatory developments contributing to trader anxiety. BitGo’s recent commentary draws attention to the need for secure asset custody solutions, especially as the Clarity Act — which aimed to provide regulatory clarity — faces delays in the upper chamber. This scenario places additional pressure on investors to seek secure and federally insured banking options for asset protection.

    Key Developments at a Glance

    • BitGo advocates for secure custody options for investors.
    • The Clarity Act’s progress has stalled in the Senate.
    • BitGo emphasizes the importance of federally regulated banks.
    • The market reflects mixed signals amid regulatory uncertainty.
    • Investors are urged to consider secure asset solutions.

    Market Context and Trading Implications

    In the current market context, hesitation surrounding regulatory clarity has led to mixed performance across major assets. As traders assess the implications of the stalled Clarity Act, there is a growing focus on stable custody solutions to protect their investments. The lack of a decisive legislative path may lead to further caution among investors in the near term.

    BitGo is a leading digital asset custody provider specializing in secure storage solutions for cryptocurrencies. The Clarity Act, aimed at clarifying regulations for digital assets, falls under the jurisdiction of the Senate, which has the authority to create laws affecting financial institutions and digital asset management.

    What to Watch Next

    Traders are monitoring the potential for further clarity on regulatory frameworks that could affect custody solutions. The ongoing uncertainty may lead to heightened interest in secure banking options, particularly as market participants seek stability. Investors should remain vigilant for any developments in the Senate regarding the Clarity Act, as these could significantly impact market sentiment and trading strategies.

    This article is for informational purposes only and should not be considered financial advice.

  • Bitcoin May Hit Record Levels This Year, Arthur Hayes Predicts

    Bitcoin May Hit Record Levels This Year, Arthur Hayes Predicts

    Bitcoin Faces Critical Resistance as Arthur Hayes Predicts Potential All-Time High

    Bitcoin is drawing heightened market scrutiny as prominent voices forecast a possible surge to new all-time highs before year-end. On September 8, BitMEX co-founder Arthur Hayes indicated in an interview with The Rollup that structural monetary easing could catalyze the next major rally. With U.S. political dynamics shaping policy implementation, traders are advised to monitor upcoming developments closely for strategic positioning.

    Price Action Tests Key $64,000–$65,000 Resistance Zone

    As Bitcoin approaches the pivotal resistance band between $64,000 and $65,000, market participants are observing a tense standoff between buyers attempting to reclaim control and sellers defending these levels. Recent analysis from DaanCrypto emphasizes the importance of Fibonacci retracement levels in gauging Bitcoin’s next directional move. With speculation mounting around potential monetary policy shifts, the market braces for heightened near-term volatility.

    Key Takeaways for Market Participants

    • Arthur Hayes projects Bitcoin could reach a new all-time high by year-end, driven by structural monetary easing.
    • U.S. political developments may influence the pace and nature of monetary policy implementation.
    • Traders should prioritize structural factors driving Bitcoin’s price movements over short-term noise.
    • Historical accuracy of Hayes’ past predictions remains mixed, warranting measured risk management.
    • Fibonacci retracement levels offer potential reference points for identifying trading opportunities.

    Market Structure Shows Mixed Signals Amid Low Volume

    The broader cryptocurrency market is delivering conflicting cues as Bitcoin tests critical resistance. Buyers are striving to breach the $65,000 barrier—a level pivotal for overall market sentiment—while sellers actively defend the zone, signaling a battle for directional control. Notably, the absence of substantial trading volume amplifies uncertainty, underscoring the need for vigilance and strategic flexibility.

    As the leading cryptocurrency operating on decentralized ledger technology, Bitcoin’s market activities remain under regulatory scrutiny to ensure compliance with financial laws. Traders must navigate an evolving landscape where ongoing U.S. monetary policy discussions could significantly impact price dynamics.

    Critical Levels to Watch for Breakout or Rejection

    A decisive breakthrough above $65,000 could signal the onset of a more substantial rally. However, the influence of U.S. political decisions on monetary policy introduces risk factors that may trigger increased volatility. Market participants are advised to track Fibonacci levels closely and adjust strategies accordingly, as any significant price movement could rapidly shift market sentiment.

    Disclaimer: The information provided is for educational purposes only and does not constitute financial advice.