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Polymarket has the CLARITY Act at 25% odds ahead of Tuesday's Senate cloture vote, up from single digits in early September but still well below the February highs.
Breaking News
Trump Backs New CLARITY Act Ethics Rules
President Donald Trump has agreed to a set of bipartisan ethics provisions attached to the Digital Asset Market Clarity Act, clearing one of the bill's most stubborn sticking points ahead of a Senate procedural vote scheduled for Tuesday, September 15.
Senate Republicans Revamp CLARITY Act Ahead of Key Vote
Senate Republicans have released a revised version of the CLARITY Act ahead of a pivotal procedural vote scheduled for September 15, with the substitute text framed by sponsors as their "last, best and final" offer to Democrats.
UAE Selects Avalanche To Power National Digital Identity Infrastructure
The United Arab Emirates has selected Avalanche as the blockchain backbone for its national digital identity infrastructure, marking one of the most significant government-level blockchain deployments to date.
Grayscale Pushes Litecoin Trust Toward ETF
Grayscale Investments has filed an amended registration statement with the SEC seeking to convert its Litecoin Trust into a spot exchange-traded fund, with the fund set to trade on NYSE Arca under the ticker $LTCN.
What the Markets Think
25%.
Senate Republicans released a revised 630-page bill incorporating 126 Democratic changes, but the cloture vote on Tuesday still needs 60 votes to move forward.
64%, down nearly 30% since September 9, while a dip to $75,000 prices at 68.5%.
Strategy skipped its Bitcoin buy last week for the first time in months, redirecting capital to stock buybacks instead.
1.75%.
The crowd is firmly pricing in a consolidation year, not a breakout.
The Big Story
CLARITY Act Odds Rise as Senate Vote Approaches
Prediction market odds for the CLARITY Act clearing the Senate in 2026 have risen to roughly 30%, as lawmakers race toward a critical procedural vote on September 15.
The Digital Asset Market Clarity Act seeks to establish a regulatory framework dividing oversight between the SEC and CFTC based on whether digital assets function as securities or commodities.
The revised text released by Senate Republicans incorporates 126 substantive changes requested by Democrats, but passage is far from certain.
Republicans hold 53 Senate seats and need at least seven Democratic votes if all Republicans support the bill.
Top Stories
Ripple Sees a New Role For XRP
Institutional credit has remained largely untapped in onchain finance, even as financial firms have grown increasingly interested in blockchain-based capital markets, and Ripple product head Jazzi Cooper believes that gap represents a major opportunity for XRP.
Cooper outlined a vision in which institutional lenders could issue credit onchain using XRP Ledger's native infrastructure, potentially unlocking new use cases for the token beyond cross-border payments.
The push comes as XRP continues to draw ETF interest, with Grayscale among those filing for spot products.
Injective Hit a Major Real World Asset Milestone
Pineapple Financial, trading on NYSE American under the ticker PAPL, confirmed on September 4 that it has moved a portion of its funded mortgage portfolio onto Injective, a layer-1 network built around financial applications.
The migration currently covers 2,079 mortgage records, up from 1,259 when the initiative began in December 2025, and collectively represents roughly $1 billion in underlying mortgage exposure.
The move positions Injective as one of the few layer-1 networks hosting material real-world asset volume from a publicly traded institution.
Pumpfun Removes Cashback And Introduces Holder Rewards
Pumpfun has overhauled its fee structure, removing Cashback Mode and replacing it with a new Holder Rewards system that now distributes trading fees pro-rata to eligible holders several times per hour.
Cashback Mode was introduced in August and allowed traders to reclaim a portion of fees paid on each transaction, but the platform has now shifted to a model that rewards sustained holding rather than active trading.
The change marks a meaningful shift in how value flows through the Solana-based memecoin launchpad.
Deep Dive of the Week
CLARITY Act vs. MiCA: Comparing Two Crypto Regulatory Philosophies
The CLARITY Act and the EU's MiCA framework solve the same problem in opposite ways. The CLARITY Act sorts crypto by asking who regulates it, splitting oversight between the SEC and the CFTC. MiCA sorts crypto by asking what it does, classifying tokens by function under one EU-wide rulebook. As Tuesday's Senate vote approaches, understanding how the U.S. and Europe have chosen such different paths offers crucial context for what regulatory clarity might actually look like.
By the Numbers
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1.42 million:
STRC preferred shares repurchased by Strategy last week, marking the first week the company did not buy Bitcoin.
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100+ assets:
Regulated real-world assets now available on Aptos after Archax, the UK's first FCA-regulated digital securities exchange, integrated with the blockchain.
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19th delay:
Teucrium has pushed back the launch of its 2x Short Daily XRP ETF for the 19th time, with the new SEC filing now setting October 11, 2026 as the earliest date the fund could begin trading.
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$1 billion:
Collective mortgage exposure represented by the 2,079 mortgage records Pineapple Financial has moved onto Injective.
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10 integrations:
Chainlink announced new integrations spanning five services and four blockchain networks, with prominent platforms such as Aave among the adopters.
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16.8 billion MON:
Tokens set to unlock on November 24, 2026, representing about 32.8% of the tokens currently in circulation and handing early investors and the Monad team the ability to sell for the first time.
On Our Radar
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China's AI warning:
State Security Minister Chen Yixin has issued one of Beijing's most detailed public warnings about artificial intelligence, saying that rapid advances in the technology could undermine political stability and expose critical infrastructure to attack.
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Vitalik on governance:
Ethereum co-founder Vitalik Buterin has drawn a connection between adversarial governance mechanism design and AI safety, arguing in a September 13 post that tools long used to keep human agents in check within DAOs and prediction markets may offer a framework for constraining superintelligent AI systems.
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XRP volume spike:
South Korea's Upbit recorded 11.2 trillion won in weekly trading volume, with XRP claiming the top spot ahead of Bitcoin for the first time in months.
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UK tokenized gold:
The UK's Financial Conduct Authority is set to outline possible reforms for tokenized gold products, as the regulator examines how digital representations of physical bullion could be made easier to use across London's wholesale financial markets.
Until Wednesday.