Crypto Digest: Senate Delays CLARITY Act, MARA Posts $611M Loss, Perpetuals Volume at 2023 Lows
A roundup of developments in crypto: the US Senate postpones the CLARITY Act vote, Marathon Digital reports a massive quarterly loss, and perpetual futures turnover on centralized exchanges slumps to the lowest since 2023.
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Key stories from the crypto and tech space:
- CLARITY Act vote pushed back: The US Senate moved the vote on the CLARITY Act to September, delaying potential regulatory clarity for digital assets.
- MARA’s $611M quarterly loss: Marathon Digital Holdings attributed the loss to Bitcoin’s price decline, underscoring miners’ sensitivity to market downturns.
- Hardware wallet demand jumps in Russia: amid tightening controls and sanctions, consumers are increasingly turning to self-custody solutions.
- Ondo Finance control dispute: following the founder’s death, a conflict for control of the project has erupted.
- MetaMask opens to AI agents: the wallet’s team expanded access, allowing AI agents to interact with DeFi protocols directly.
- Ether.fi restaking token revamp: the platform migrated restaking from weETH into a separate token, aiming to improve capital efficiency.
- Post-quantum crypto vulnerability spotted in AWS: researchers found a potential weakness in a quantum-resistant algorithm deployed on the cloud.
- Perpetual futures volumes plunge: aggregated turnover on CEXs hit the lowest levels since 2023, signalling cooling speculative activity.
Source: ForkLog