TL;DR EigenLayer has activated the Redistribution function on its mainnet, replacing the burning of slashed funds with case-by-case redistribution. Protocols like Cap can now reassign collateral from non-compliant agents to users, instead of destroying the funds. The tool enables service-level agreements for cross-chain bridges, penalizing delays and rewarding compliance. EigenLayer has activated the Redistribution function source: https://crypto-economy.com/eigenlayer-activates-redistribution-on-mainnet-evolving-slashing-mechanics/

According to Cointelegraph, Republican leaders on the U.S. Senate Banking Committee have unveiled their version of legislation aimed at establishing a digital asset market structure. This move suggests potential collaboration with a bill previously passed in the House of Representatives. On Tuesday, four Republican senators, including Banking Committee Chair Tim Scott and Digital Assets Subcommittee Chair Cynthia Lummis, released a discussion draft of the proposed legislation. The tentatively titled Responsible Financial Innovation Act is said to build upon the Digital Asset Market Clarity (CLARITY) Act, which successfully passed in the House on July 17. The initiative reflects a shared goal among lawmakers to provide clear regulatory guidelines for digital assets. Scott emphasized the importance of establishing rules that cater to the evolving landscape of digital investments. Despite the House's recent success in passing three crypto bills with bipartisan support, only the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act has been signed into law by U.S. President Donald Trump. Scott and Lummis had previously expressed their intention to have the market structure bill passed by the Senate before October. The Senate and House versions of the crypto market structure legislation propose amendments to disclosure requirements under the Securities Act of 1933, highlighting the inadequacy of existing laws in regulating modern investment vehicles like digital assets. The CLARITY Act aims to foster collaboration between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in formulating rules for digital asset transactions. Additionally, the Senate's draft bill includes amendments concerning disclosures of "ancillary assets," which are digital assets not classified as securities. With bipartisan support, the CLARITY Act's progression to the Senate indicates growing momentum behind comprehensive crypto policy and a consensus on the necessity for market structure rules. However, full passage may face delays as Congress breaks for the summer. Liat Shetre, Elliptic's Vice President of Global Policy and Regulation, noted the increasing alignment on the need for such regulations. The draft bill's fate in the Senate remains uncertain, given the Republicans' narrow majority over Democrats. While more than 70 House Democrats joined Republicans to pass the CLARITY Act, any alterations to the bill's wording could ignite debates or resistance in a divided Congress.

Ethereum has delivered a 30% advance since breaking $2,700 on July 10. One major holder has now sold $30M after a 38% gain, while BlackRock- and Fidelity-led spot ETFs have attracted 19 straight days of inflows, lifting total intake above $5. 5B and marking sustained institutional accumulation. The post Ethereum Whale Banks $9. source: https://cryptonews.com/news/ethereum-whale-banks-9-87m-in-profit-as-eth-sees-25-weekly-surge/

XRP trades above $3. 50 amid rising institutional interest and bullish sentiment. Ripple’s SEC settlement boosts confidence and opens doors to regulated financial products. Whale accumulation and strong technical signals point to a potential long-term breakout source: https://coinjournal.net/news/xrp-to-hit-10-in-2025-analysts-weigh-the-possibility/

Republican leaders on the Senate Banking Committee said the legislation “built on” the CLARITY Act passed in the House of Representatives last week. source: https://cointelegraph.com/news/crypto-market-structure-draft-senate-clarity-act?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The US Senate Banking Committee rolled out its draft of the crypto market structure bill, the CLARITY Act. source: https://www.cryptopolitan.com/us-senate-unveils-draft-crypto-bill/

Hong Kong investigates $1. 15 billion cryptocurrency laundering involving stablecoins. Arrests highlight New Law impacts. source: https://coincu.com/350180-hong-kong-cryptocurrency-money-laundering

Is Federal Reserve Chair Jerome Powell actually on track to resign? source: https://u.today/xrp-and-btc-prices-spike-amid-rumors-of-powells-resignation

null source: https://x.com/DaanCrypto/status/1947722657648046542

To explore what the next five years might hold, we asked ChatGPT to forecast the token’s price trajectory based on […] The post ChatGPT Predicts Pi Coin Price For The Next 5 Years appeared first on Coindoo. source: https://coindoo.com/chatgpt-predicts-pi-coin-price-for-the-next-5-years/

The biggest harm of "compliance theater" is not how much budget and manpower it consumes, but the fatal and false "sense of security" it brings.

Golden Finance launches "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and Metaverse industry news.

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This year, 42 companies have successfully listed on the Hong Kong stock market, with a total fundraising amount exceeding HK$105.5 billion. One IPO bell ringing ceremony after another has sent one company after another to the overseas capital market. How to interpret it?

Recommended readings tonight: 1. Tracking the growing Trump crypto empire; 2. The final chapter of Diamond Hand: Four copycat targets I am optimistic about; 3. From uncertainty to dominance: A summary of US "Crypto Week" policy progress;

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After several high-profile setbacks against artificial intelligence, humans have finally defeated AI at one of the world’s most prestigious academic stages.

JPMorgan is planning to let clients borrow money using crypto like bitcoin and ether as collateral. This comes as rules around digital assets in the US become clearer and demand from wealthy clients grows.

Your crypto wallet is broadcasting your entire financial life to the world. Fortunately, new on-chain privacy technologies are giving you real control over your data.

Western Union is testing stablecoin payments in Latin America and Africa to make money transfers faster and cheaper. The move follows a new US law that supports stablecoin use, and the company may launch the service later this year.