Daily News 19

Category: Coins

Digital assets, cryptocurrencies, blockchain, and currency news.

  • 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    The original Batch amendment, known as XLS-56, was withdrawn after security researchers and Cantina AI identified a critical flaw in its signature-validation routine on February 19, 2026.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.

  • Bitcoin, Ethereum, XRP Plunge After CLARITY Act Fails in Senate Vote

    Bitcoin, Ethereum, XRP Plunge After CLARITY Act Fails in Senate Vote

    Bitcoin, Ethereum, XRP Face Selling Pressure After Senate CLARITY Act Vote Fails

    Major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and XRP came under fresh selling pressure Thursday after the U.S. Senate failed to advance the CLARITY Act, a key piece of digital-asset market structure legislation.

    Senate Procedural Vote Falls Short of 60-Vote Threshold

    A procedural vote on the bill did not secure the 60 votes needed to overcome a filibuster, effectively stalling the legislation. The defeat concludes months of negotiations between Republicans and Democrats over the regulatory framework for digital assets.

    Market Reaction Reflects Regulatory Uncertainty

    The immediate market reaction underscores how sensitive crypto prices remain to policy developments in Washington. Traders had been monitoring the CLARITY Act closely, viewing its passage as a potential catalyst for institutional adoption and clearer compliance guidelines.

    According to the latest market data, the three assets erased earlier gains following news of the vote’s failure, with selling pressure accelerating during the U.S. trading session.

    What the CLARITY Act Would Have Done

    The bipartisan bill aimed to establish clear jurisdictional boundaries between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) for digital asset oversight. It also sought to define when a token qualifies as a security versus a commodity — a distinction that has been central to enforcement actions and industry uncertainty.

    Outlook for Crypto Regulation in Congress

    With the legislative calendar tightening ahead of the November elections, the path forward for comprehensive crypto market structure legislation remains unclear. Market participants will now watch for potential attachment to must-pass spending bills or renewed bipartisan efforts in the next session.

  • STONK Enters Correction After $0.35 ATH; Weekly Gains Cut to 12%

    STONK Enters Correction After $0.35 ATH; Weekly Gains Cut to 12%

    StonkFun ($STONK) Drops 16% as Correction Deepens and Network Activity Contracts

    StonkFun’s native token $STONK has fallen 16% over the past 24 hours, paring weekly gains to just 12%. Daily trading volume has also contracted sharply, dropping to approximately $50 million from around $140 million.

    Price Action Enters Correction Phase After All-Time High

    After reaching an all-time high (ATH) of $0.35, $STONK entered a correction phase and has been trading within a descending trend channel. At press time, the token was changing hands 32% below the $0.25 level, which previously acted as a key support area.

    Technical analysis identifies a bull flag formation—a continuation pattern that remains valid only if price breaks above the sloping resistance line and sustains above the 100-period Exponential Moving Average (EMA) at $0.15. Trading above the 100 EMA suggests the short-term trend retains a bullish bias.

    Source: $STONK/USDT on TradingView

    However, the Choppiness Index (CHOP) stands at 45.25 and is declining, signaling that the downtrend is gaining momentum even as price approaches a demand zone. If buyers re-enter the market with prior conviction, $STONK could breach the trendline resistance and target a new peak. Conversely, a loss of the $0.15 level would bring lower supports into focus, notably $0.10 and the initial demand zone near $0.02.

    Launchpad Activity Decline Amplifies Pullback

    Beyond the technical correction, a sharp drop in launchpad activity has weighed on price action. Futures volume declined from $544,000 to $366,000, while spot volume fell from $78,000 to $35,000 within hours. Sellers dominated both markets, accounting for 50.79% of futures flow and 74.18% of spot flow.

    Source: CoinGlass

    Decentralized exchange (DEX) volume mirrored the slowdown, sliding from $38.56 million to $21.62 million—a 44% decline in just four days. Weekly DEX volume also plunged from $186 million to $164 million.

    Source: DefiLlama

    Consequently, daily protocol fees have compressed from a high of $1.85 million to $588,000, a more than threefold decrease in one week, confirming that StonkFun’s network activity is weakening.

    Revenue Efficiency Suggests Recovery Potential

    Despite the downturn, StonkFun maintains a notable efficiency metric: its market capitalization is roughly one-tenth that of competitor PUMP, yet it generated 21% more revenue over the last seven days. This disparity hints that StonkFun could reclaim its early momentum by continuously reducing circulating supply through token burns funded by protocol revenue.

    Summary

    • StonkFun fell over 16% as $STONK entered a correction phase after peaking at $0.35.
    • Declining spot and futures volume, DEX volume, and protocol fees amplified the pullback.
    • Key technical levels to watch are the 100 EMA at $0.15 (support) and the descending trendline (resistance).
    • Revenue generation remains strong relative to market cap, offering a fundamental catalyst for potential recovery.
  • Clarity Act Fails Final Senate Vote, Senator Bill Says

    Clarity Act Fails Final Senate Vote, Senator Bill Says

    Senator Bill Hagerty Criticizes Senate Democrats Over Clarity Act Delay

    Senator Bill Hagerty (R-TN) expressed disappointment today over Senate Democrats’ refusal to bring the Clarity Act to a final vote, arguing the decision undermines America’s position as a leader in cryptocurrency and blockchain technology. The Tennessee senator, a vocal advocate for clearer digital asset regulations, warned that legislative delays risk ceding ground to foreign competitors advancing in blockchain innovation.

    Legislative Impasse Frustrates Crypto Community

    The broader cryptocurrency market remains in a cautious state as traders monitor regulatory developments. Hagerty’s critique, shared via social media and garnering significant engagement, underscores growing urgency within the industry for decisive legislative action. The Clarity Act aims to establish a comprehensive framework for blockchain technology, providing clearer guidelines that proponents say are essential for regulatory certainty.

    Political back-and-forth over the legislation has intensified frustration among market participants, who view the lack of clear rules as a barrier to stability in the fast-evolving digital asset landscape. The Senate holds jurisdiction over federal legislative matters affecting financial technologies, making its action — or inaction — pivotal for the sector’s trajectory.

    Market Impact and Investor Sentiment

    As of now, the crypto market shows no significant price movements directly tied to the legislative delay, though uncertainty persists. Investors seeking regulatory clarity face continued ambiguity without the framework the Clarity Act would provide. The ongoing indecision adds a layer of risk for traders navigating an already volatile asset class.

    What to Watch Next

    Market observers should monitor several developments in the coming weeks:

    • Potential renewed discussions on cryptocurrency legislation in the Senate
    • Increased pressure on Senate leadership to schedule a vote on the Clarity Act or similar measures
    • Shifts in public sentiment and social media discourse that could influence legislative priorities
    • Regulatory actions from other jurisdictions that may accelerate U.S. policy responses

    Traders and industry stakeholders are advised to remain vigilant as the situation develops. The failure to advance the Clarity Act may catalyze broader debates about the necessity of a coherent federal approach to digital asset regulation.

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

  • SEC Setback as CLARITY Act Fails to Advance in Senate

    SEC Setback as CLARITY Act Fails to Advance in Senate

    CLARITY Act Stalls in Senate, Putting Spotlight on SEC and CFTC Crypto Authority

    The CLARITY Act failed to advance in the Senate on September 15, 2026, dealing a blow to legislative efforts aimed at establishing a structured regulatory framework for digital assets. The setback was highlighted by Coinbase CEO Brian Armstrong, who expressed disappointment while noting that existing regulatory tools remain available to provide clarity.

    What Happened: Legislative Gridlock Shifts Focus to Agency Action

    The broader cryptocurrency market is showing mixed signals against this backdrop of regulatory uncertainty. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have previously indicated they possess the authority to implement necessary rules without the CLARITY Act, which was designed to create more structured guidelines for the industry.

    As the regulatory landscape evolves, stakeholders will be closely monitoring how these agencies leverage their existing powers to bring definition to the crypto environment.

    Key Takeaways

    • The CLARITY Act did not advance in the Senate as of September 15, 2026.
    • Brian Armstrong emphasizes the ongoing need for regulatory clarity.
    • The SEC and CFTC are expected to act under existing authorities.
    • Future regulatory frameworks may emerge without congressional approval.
    • The current situation underscores the urgency for clear crypto regulations.

    Market Snapshot: Traders Await Guidance

    Market activity currently shows a standstill, with no reported volume or significant price changes. The lack of movement reflects uncertainty as traders await clearer guidance on regulatory developments. The SEC and CFTC’s ability to act on their own authority may prompt shifts in market sentiment once clarity is established.

    Regulatory Primer: SEC vs. CFTC Jurisdiction

    The SEC is the primary regulatory body overseeing securities markets in the U.S. Its jurisdiction includes enforcing securities laws and ensuring fair practices in financial markets, including cryptocurrencies. The CFTC regulates commodity futures and options markets. Both agencies are pivotal in shaping the future of crypto regulation.

    What to Watch Next

    Traders and industry participants should monitor several key catalysts:

    • Potential announcements from the SEC and CFTC regarding new regulations or enforcement priorities.
    • Any clarification from either agency on their stance toward digital assets under existing authorities.
    • Bipartisan discussions that could revive the CLARITY Act or similar legislation, as political movements may influence regulatory momentum.

    If the SEC and CFTC begin to clarify their positions on crypto under current mandates, it could significantly impact market dynamics and provide the certainty the industry has been seeking.

  • Binance Announces September Delistings for Five Margin Pairs

    Binance Announces September Delistings for Five Margin Pairs

    Binance Removes Five Cross Margin Pairs on September 18

    Binance has announced the removal of five cross margin trading pairs effective September 18, giving leveraged traders a narrow window to adjust positions before the exchange automatically settles any remaining exposure. The affected pairs are ENJ/USDC, GENIUS/USDC, CVX/USDC, GUN/USDC, and VANA/USDC. Additionally, the GENIUS/USDC pair will be removed from isolated margin trading.

    Key Deadlines and Automatic Settlement Process

    The first deadline arrives on September 16 at 06:00 UTC, when Binance Margin will halt new borrowing for the affected isolated margin pair. Transfers into the relevant isolated margin accounts are already restricted, though users with outstanding liabilities may still transfer amounts corresponding to those obligations.

    At 06:00 UTC on September 18, Binance will close all open positions, automatically settle them, and cancel pending orders for the affected cross and isolated margin pairs. The removal process may take approximately three hours, during which users will be unable to update positions. Any positions still open after the deadline will be automatically closed, settled, and canceled.

    Margin Adjustment, Not Token Delisting

    For active traders, the distinction between margin-pair removal and token delisting is critical. The underlying tokens — ENJ, GENIUS, CVX, GUN, and VANA — are not being removed from Binance entirely. The exchange confirms these assets remain tradable through other eligible margin pairs and spot markets where available. This action represents a margin-market adjustment rather than a full asset delisting.

    Why Binance Is Adjusting Its Margin Markets

    Binance regularly reshapes its supported trading products in response to changing liquidity, risk controls, and market conditions. Margin markets can be adjusted separately from spot listings, giving the exchange flexibility to manage leveraged products without necessarily ending access to an asset.

    This approach is reflected in a separate decision to delist Pax Dollar (USDP) from all spot trading pairs on September 24 at 03:00 UTC. Binance states its asset reviews consider trading volume and liquidity, development activity, network stability, transparency, regulatory requirements, and tokenomics.

    Recommendations for Traders

    The September 18 margin action is a product-level adjustment rather than a blanket exit from the affected assets. Binance recommends that traders close positions or move assets from Margin Accounts to Spot Accounts before the deadline to avoid being caught during the automatic settlement process.

  • Clarity Act Fails to Pass, Sparking Investor Concern

    Clarity Act Fails to Pass, Sparking Investor Concern

    Crypto Derivatives Face Uncertainty After Clarity Act Failure

    The collapse of the Clarity Act has triggered significant concern across the cryptocurrency derivatives market, with sophisticated investors warning that regulatory ambiguity may drive institutional capital away from speculative trading products.

    Market Reaction: Volumes Vanish Amid Regulatory Void

    Trading activity has ground to a near halt. According to market data cited by crypto commentator Pentosh1, derivatives volumes dropped to $0 in the last 24 hours, signaling a abrupt withdrawal of liquidity as participants digest the legislative setback. The absence of trading reflects a cautious stance from both retail and institutional actors reassessing exposure in the absence of clear regulatory guardrails.

    Institutional Hesitation Grows

    The Clarity Act was designed to establish a coherent regulatory framework for digital assets, aiming to encourage deeper institutional engagement. Its failure removes a anticipated pathway for compliance, leaving fund managers, market makers, and custodians without the legal certainty required to scale derivatives operations.

    Pentosh1 notes that sophisticated investors are worried that institutions may refrain from engaging with speculative derivatives, a dynamic that could amplify price swings as hedging and market-making capacity contracts.

    Sentiment Turns Fragile

    Social media chatter has shifted toward anxiety-driven memes and speculation, underscoring a broader loss of confidence. Traders are questioning the viability of leveraged positions and structured products in an environment where regulatory risk is now the dominant variable.

    What Comes Next

    Market participants are now monitoring:

    • Regulatory signals from the SEC, CFTC, and congressional leadership
    • Derivatives exchange responses — including potential product delistings or margin hikes
    • Institutional custody and prime brokerage announcements

    Analysts warn that prolonged uncertainty could trigger liquidation cascades if leveraged positions are unwound en masse. The coming weeks will determine whether the market stabilizes around alternative compliance models or enters a deeper retrenchment.

    Bottom Line

    The Clarity Act’s failure has injected a new layer of systemic risk into crypto derivatives. Without legislative clarity, institutional participation — critical for depth, stability, and innovation — remains on hold. Traders should prepare for elevated volatility and fragmented liquidity until a new regulatory signal emerges.