BNY is putting fund ownership records onto blockchain infrastructure, starting with tokenized institutional funds and major names like Baillie Gifford, BlackRock, and BNY Dreyfus. It’s a serious push into financial plumbing, not crypto theater — but the legacy systems, compliance, and cyber risks are still very real.
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The Senate’s CLARITY Act is sliding into September as lawmakers clash over crypto oversight, ethics rules, stablecoin yield, and AML gaps. Support is building, but with Democrats still unconvinced and the SEC/CFTC turf war unresolved, clarity is proving messy.
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Three Apple users allege fake Sparrow Wallet apps on the App Store helped thieves drain $1.835 million in Bitcoin and crypto. The case spotlights how a trusted platform and a stolen seed phrase can turn into a very expensive disaster.
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Zcash has launched the Ironwood upgrade after an Orchard bug raised fears of hidden inflation, replacing the old shielded pool with a new accounting design and formal balance proof. Orchard is now exit-only, and the real test is whether the ecosystem migrates cleanly.
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Samson Mow says Bitcoin shouldn’t rush into post-quantum signatures, warning that a premature upgrade could create more immediate vulnerabilities than quantum computers ever do. Anthropic’s new AI crypto research adds urgency — and a healthy dose of caution.
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The Senate has confirmed former SEC chair Jay Clayton as Director of National Intelligence, reviving attention on the Ripple crackdown he oversaw — though the XRP case itself is over. His new role changes nothing for crypto policy, but the baggage follows him to Washington.
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Hungary has scrapped its clunky crypto validator checks, easing a rule that choked trading and drove firms out of the market. The move brings the country in line with MiCA, and CoinCash just became the first Hungarian firm to win authorization under the EU framework.
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Russia is moving crypto into a licensed, state-controlled market with tight retail limits, no domestic payment use, and a narrow role in foreign trade. It’s not a Bitcoin freedom play — it’s Moscow putting crypto in a box and keeping the lid on.
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The Senate’s CLARITY Act is bogged down in a messy mix of Trump ethics fights, state enforcement power, and bank fears over stablecoin yields. Support is still there, but with deadlines tightening, a clean vote looks increasingly unlikely.
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ARK Invest says crypto is entering a brutal consolidation phase, with revenue, capital, and talent piling into a few standouts while weaker projects face shutdowns, bankruptcies, and buyouts. The message: hype is dead, cash flow is king.
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