Analysts said that the Clarity Act's path has become tougher, while advocacy group Stand With Crypto has endorsed 27 winning candidates so far.
Bitcoin plunged nearly 5% as AI stocks sank, Democratic midterm wins raised fresh policy questions, and forced liquidations erased a Wednesday rally that had been fueled partly by short covering.
Democrats Win Congress
Daily Crypto Deep Dive: Democrats Win Congress — What Happens to Bitcoin, XRP & Crypto Now?
Evidence, implications and what to watch next.
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17 original articles selected by the newsroom
RegulationThe BIS has argued that tokenised bank deposits should carry most everyday and wholesale payments, leaving stablecoins in narrower roles. Project Agorá's real-value tests make that more than a theoretical preference—but not yet a production system.
The dividing line is not whether money uses a blockchain. It is whether different claims settle at par, remain interoperable and have a backstop under stress. That distinction could shape which form of tokenised money banks, regulators and payment firms build around.
RegulationHMRC’s first dedicated cryptoasset Capital Gains Tax table records £13.799 billion of disposal proceeds and £1.377 billion of gains. Our analysis finds that 240 people—about 1.4% of those included—reported 52% of the gains captured in the table.
The figures reveal a sharply concentrated distribution of realised gains, but their larger significance is a change in tax visibility. HMRC is moving from a new self-reported crypto box towards third-party provider data under the Cryptoasset Reporting Framework.
SecurityTerm Labs says a governance exploit affected its vaults. It has since shut every Term Meta Vault, revoked DAO governance roles and stopped new deposits while keeping withdrawals open.
The shutdown removes the affected vault product from new use and narrows the immediate risk boundary. It does not yet establish the exploit's technical path, the complete financial impact or the final outcome for every depositor.
FinanceHSBC and Standard Chartered have completed the first reported live transaction on Swift’s blockchain-based ledger. Swift’s own design documents show why the milestone is about bank interoperability—not the disappearance of existing settlement systems.
The transaction moves Swift’s project from a published design and readiness announcement into reported live use. The more important architectural point is that the shared ledger coordinates tokenised bank money across institutions while retaining established compliance, credit and settlement controls.
BusinessBank Leumi and Galaxy have announced a partnership intended to let Leumi and PEPPER customers buy, hold and sell bitcoin, ether and solana inside Leumi Trade. The companies expect availability in early 2027, but the reviewed primary sources do not show a live customer service or announce a product-specific regulatory approval.
A bank-integrated route could remove account-opening and transfer friction for customers who already use Leumi. Its significance will depend on the final custody, execution, pricing, withdrawal, compliance and customer-protection terms—not simply on the presence of three assets inside an existing app.
EthereumSharplink says it will stake $200 million of ether through Lido and hold the resulting wstETH with Anchorage Digital. The plan could add staking rewards and DeFi flexibility, but it also adds protocol, liquidity, custody and execution dependencies that ordinary ETH ownership does not carry in the same form.
The plan moves part of a public company's treasury from direct ETH exposure into a liquid-staking token. That may generate staking rewards and make the position usable in DeFi, while adding smart-contract, validator, withdrawal, market-liquidity, custody and governance risks.
RegulationThe U.S. Securities and Exchange Commission cancelled an open meeting that was due to consider whether to propose a tailored offering regime for certain crypto investment contracts. The official notice gave no reason and announced no replacement date.
The cancellation delays the point at which issuers, investors and the public might see proposed text and respond to it. It does not establish that the idea has been abandoned, adopted or connected to a separate legislative delay.
BitcoinAfter selling 1,690 BTC and raising $653 million in stock, the world’s largest corporate bitcoin holder says its multibillion-dollar cash reserve is what shorter-term credit investors actually want.
The company is still built around bitcoin. But cash—not another coin purchase—is now carrying the promise that preferred dividends get paid through a long downturn.
MarketsThe asset manager says bitcoin’s break from equities strengthens its case as a portfolio diversifier, even after a bruising year.
Five straight ETF inflow sessions suggest institutions may be testing the waters before price momentum returns.
BusinessThe former Bitfarms parent has ended U.S. mining and is converting sites for AI and high-performance computing.
The pivot shows where infrastructure operators now see stronger margins—and what they are willing to leave behind.
EthereumA living roadmap through 2029 puts privacy, post-quantum security, native rollups and zero-knowledge proofs at the centre.
The priorities move Ethereum’s debate from near-term scaling towards the network’s long-term survival and usability.
BusinessQuarterly revenue reached $228.8 million and bitcoin output nearly quintupled, but a $92.3 million net loss overshadowed the gains.
Investors are demanding profitable execution—not just bigger mining output and a fashionable AI narrative.
BitcoinA share-funded deal added 2,455 BTC and lifted the Swedish company’s holdings to more than 3,500 BTC.
The headline treasury growth is real, but so is the price paid by existing shareholders through dilution.
SecurityImmunefi says researchers earned $2.32 million for confirmed bugs while attackers took roughly $110 million.
Audit competitions are surfacing more serious flaws per engagement than conventional audits, changing how protocols buy security.
EthereumThe treasury added 7,391 ETH in a week, with 5.07 million ETH now staked and three million shares repurchased.
One company’s growing ownership of a meaningful share of ETH raises both treasury and concentration questions.
DeFiThe bank initiated coverage with a $200 end-2030 target and a thesis built around $4 trillion in tokenized assets by 2028.
The call reframes LINK as financial infrastructure—but depends on adoption, fees and reliability scaling together.
SecurityResearchers found the state-linked group using local language models to create polished finance lures while Git-based tools delivered malware.
Cheap, private AI tooling makes targeted phishing faster to produce and harder for crypto teams to dismiss at a glance.
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