Blockchain News page 31

A weekly market roundup credits growing worry over US government debt for pushing bitcoin sharply higher. Bitcoin climbed 23% in a rally that outlets tracking weekly crypto news attributed to mounting anxiety over US government debt policy.

Spot fund flows surged as institutional buyers returned and crypto prices climbed sharply. Spot Bitcoin and Ethereum exchange-traded funds pulled in their largest weekly inflows in ten months, according to reports from CryptoPotato and CryptoSlate.

The Wyoming senator says banking industry pressure is slowing the crypto market structure bill's path through Congress. Senator Cynthia Lummis has publicly accused banks of interfering with progress on the CLARITY Act, according to reports from CryptoBriefing and The Cryptonomist.

Payments software provider Volante has connected Ripple's technology to the Federal Reserve's instant payment rail, according to multiple reports. Volante Technologies has enabled XRP for use within FedNow, the Federal Reserve’s real-time payment system, according to reports published this week.

U.Today and crypto.news both cover Michael Saylor's 'digital energy' framing of Bitcoin and Strategy's holdings, but disagree on whether the company's Digital Credit instruments like STRC are blockchain-based tokenized obligations or conventional securities.

The blockchain now accounts for 97% of tokenized equity trading volume, according to newly reported data. Solana's real-world asset ecosystem has reached a record $4 billion in total value, according to figures reported on August 23.

A governance exploit let the attacker take command of vault operations, draining an estimated $8.5 million. Term Labs suffered an estimated $8.5 million loss on August 23 after an attacker exploited a flaw in its governance system.

A newly decoded puzzle appears to connect hidden data to Bitcoin's founding block, according to two reports. A long-standing cryptography puzzle connected to Bitcoin's origins has reportedly been cracked. Reports describe someone decoding hidden data that traces back to the Genesis Block, the very first block Satoshi Nakamoto mined in January 2009.

The decentralized derivatives exchange has reclaimed a milestone last seen before a major market selloff. Open interest on Hyperliquid, the decentralized perpetual futures exchange, has climbed past $13 billion. Both CryptoBriefing and U.Today reported the milestone this week. It is the first time the metric has reached that level since October 10.

Lawmakers move digital asset market structure legislation toward a floor vote while the CFTC signals it may offer only limited regulatory relief in the meantime. The Senate has set September 15 as the floor vote date for the CLARITY Act, according to CryptoBriefing.

Reports point to growing institutional ownership in a fund tied to the Hyperliquid trading ecosystem, raising questions for retail investors. Institutional investors have been boosting their positions in Hyperliquid Strategies, according to reports from Yahoo Finance and CryptoBriefing.

The lawsuit argues the law's broker-collection mechanism could leave everyday users on the hook for monthly tax bills. A crypto industry council has taken Illinois to court over a newly enacted tax law targeting digital asset activity. The lawsuit challenges a 0.2% tax rate applied to crypto transactions within the state.

The pseudonymous blockchain investigator also named Canada as a leading source of crypto fraud activity ZachXBT, a pseudonymous investigator known for tracking crypto scams and hacks on-chain, is planning to launch a new website.

A large holder offloaded thousands of coins over three days, raising fresh questions about a potential correction near the $80,000 mark. A single large Bitcoin holder, or a wallet cluster acting in concert, sold approximately 7,700 BTC over a three-day stretch, according to blockchain trackers.

The platform says the impact was limited to its own funds, not customer holdings, following the disruption. HumidiFi, a trading platform operating on the Solana blockchain, halted trading activity following what it described as an internal network incident. The disruption affected funds held on the platform, prompting an immediate suspension of trading operations.

The startup's chief executive says booming trading volumes without matching back-office infrastructure echo Wall Street's 1960s settlement breakdown. The chief executive of Fairmint has drawn a direct line between today's tokenized stock market and a decades-old Wall Street breakdown.

The Base lead calls community complaints about Coinbase's ether sales 'badly misplaced' Jesse Pollak, the executive who oversees Coinbase's Base network, has stepped in to defend the exchange against a wave of community criticism. The complaints centered on Coinbase's handling of its ether holdings, including reported sales of the asset.

Brian Armstrong says clear digital asset rules would shield consumers and limit government overreach. Brian Armstrong, chief executive of Coinbase, has publicly endorsed the CLARITY Act. He said the bill's clear rules would protect consumers more effectively than the current patchwork of regulatory guidance.