Coinbase urged users on X to contact U.S. senators and ask them to vote in favor of CLARITY. Source: Coinness

U.S. Treasury Secretary Scott Bessent said passage of CLARITY, a crypto market structure bill, is essential for the United States to win the global technology competition. Source: Coinness

Eight U.S. banking industry groups sent a letter to Senate leadership criticizing newly added anti-disintermediation safeguards in the CLARITY bill as ineffective, according to Eleanor Terrett. The groups said the mechanism would kick in only after substantial deposit outflows had already occurred and urged further changes to close loopholes that could effectively allow interest-like rewards to be paid on stablecoin balances. Source: Coinness

Robinhood CEO Vlad Tenev said on X that the company plans to add in-kind redemption, allowing direct exchange into underlying shares, and voting rights to its stock tokens. Source: Coinness

Eleanor Terrett, host of Crypto in America, said on X the U.S. crypto industry is expressing disappointment after the new CLARITY bill narrowed developer protection provisions under the Blockchain Regulatory Certainty Act. Terrett said most industry participants see the omission of criminal liability protections as regrettable, but not as an issue serious enough to derail the broader bill. Source: Coinness

TD Cowen estimates the Clarity Act has a 25% chance of passing this year, The Block reported. The firm said the bill’s stablecoin yield provision appears useful, but it remains unclear whether moderate Democratic lawmakers will accept the revised guardrails. TD Cowen added the revised rules could still leave room for President Donald Trump to invest in crypto through a trust, making Democrats’ response a key point to watch. Source: Coinness

Bitcoin is holding in a range around $78,000, down about 1% on the week, while spot and perpetual futures selling and ETF outflows continue to weigh on the market, according to a CoinNess analysis of Glassnode data. The analysis found capital inflows are continuing and profitability remains at a high level, indicating the market is absorbing selling pressure rather than showing signs of a trend breakdown. Source: Coinness

Bitmine is expected to generate about $334 million in annual revenue at current yields by staking more than 5.06 million ETH it holds, Cointelegraph reported. That would cover about 85% of its total ETH holdings of 5.95 million. The company bought an additional 27,180 ETH last week, bringing its total holdings, including crypto and cash, to about $15.8 billion. Source: Coinness

U.S. Democratic Sen. Elizabeth Warren’s office is opposing a cryptocurrency ethics agreement, arguing the authority granted to state attorneys general is effectively illusory, Punchbowl reporter Brendan Pedersen said. The office said only the Department of Justice can bring actual enforcement actions, and no lawsuit can be filed if White House ethics officials approve cryptocurrency-related activities. Source: Coinness

An anonymous solo Bitcoin miner successfully mined a block at height 966351 through Braiins Solo and received a reward of 3.147 BTC, worth about $245,000, Bitcoin News reported. It was the first time in about 40 days that an individual miner had mined a Bitcoin block, since Aug. 3. Source: Coinness

Indian Gaming Association Chair David Bean criticized Clarity, saying its passage would pose the biggest threat to Native American tribal self-governance in decades. Bean said the bill had been revised to exclude prediction markets from the decentralized finance (DeFi) exemption, but argued the change alone had not resolved tribal concerns. Native American tribal groups had previously argued prediction markets such as Kalshi were siphoning revenue from tribal casinos. Source: Coinness