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Senate market structure bill draft proposes SEC–CFTC joint committee to end crypto turf wars
Senate market structure bill draft proposes SEC–CFTC joint committee to end crypto turf wars

Quick Take The latest draft of a major market structure crypto bill in the US Senate includes several changes that would codify protections for developers, clarify regulatory treatment of airdrops, exempt DePINs from securities laws, and more. The bill also calls on the SEC and CFTC to establish a joint advisory committee for digital assets, bringing together the regulators which sometimes treat crypto assets differently from each other.

The Block·2025/09/05 16:00
Ethena jumps 12% after treasury firm StablecoinX secures $530 million investment
Ethena jumps 12% after treasury firm StablecoinX secures $530 million investment

Quick Take Ethena’s native token jumped nearly 12% after StablecoinX, a treasury company associated with the synthetic dollar issuer, secured $530 million to build its ENA war chest. StablecoinX, which plans to list on Nasdaq under the ticker USDE in Q4, has raised $895 million in PIPE financing to date. StablecoinX will buy locked ENA from an Ethena Foundation subsidiary, while the subsidiary plans to buy $310 million worth of ENA tokens from spot markets over the next 6-8 weeks, the firm said. Stablecoin

The Block·2025/09/05 16:00
Michael Saylor Breaks Silence on Big S&P 500 Index Rejection
Michael Saylor Breaks Silence on Big S&P 500 Index Rejection

Strategy Chairman has finally broken the silence on S&P 500 rejection to have his firm on the Index, citing key milestones.

Coinspeaker·2025/09/05 16:00
Flash
20:03
AAVE falls below $110
Jinse Finance reported that according to market data, AAVE has fallen below $110, currently quoted at $109.99, with a 24-hour decline of 11.34%. The market is experiencing significant volatility, please ensure proper risk control.
20:01
Upexi, Inc. (UPXI) fell by 10.16% intraday, currently priced at 1.15 USD.
CoinWorld News: According to CoinWorld, ME News reported that on February 6 (UTC+8), CoinFound crypto concept stock data showed that the share price of a certain exchange is currently at $1.15, with today's opening price at $1.28, marking an intraday decline of 10.16%.
19:39
Senator Mark Warner says he is in "crypto hell" as the Senate works to revive the stalled market structure bill.
According to a report by Bijie Network: Democratic Senator Mark Warner expressed his frustration over the deadlock in cryptocurrency legislation negotiations during a Senate Banking Committee hearing, stating, "I feel like I'm in crypto hell." He emphasized the need to establish clear rules while avoiding excessive exemptions or weakening existing prosecutorial powers, and highlighted the ongoing national security risks in the decentralized finance sector. Previously, a hearing originally scheduled by the committee for January was postponed, and efforts are now underway to advance a market structure bill aimed at regulating the cryptocurrency industry, clarifying token issuance rules, and setting guidelines for areas such as tokenized stocks. The stablecoin incentive mechanism remains a focal point of controversy, with banking groups warning that it could lead to deposit outflows, while cryptocurrency advocates accuse banks of stifling competition. Treasury Secretary Scott Besant testified that passing the Clarity Act is crucial, stating, "Without it, nothing else can move forward."
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