Crypto News Xrp

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Russia’s biggest exchanges are preparing to launch cryptocurrency trading after the approval of a new law favorable to this sector in the country.

Moscow Exchange (MOEX) and SPB Exchange plan to begin regulated cryptocurrency trading operations as the new regulatory framework takes effect on September 1, while the Bank of Russia finalizes the rules for exchange platforms and the digital asset infrastructure.

MOEX dominates Russia’s financial markets and handles between 92% and 95% of national equity trading; therefore, its move into this space represents a significant step toward integrating cryptocurrencies into the country’s conventional financial system.

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The sale of BitMEX for $1 billion fails after the buyers withdraw.

According to reports, potential buyers—including Exodus— backed out of the deal due to concerns about the founder’s control, BitMEX’s declining market share, and ongoing legal and reputational worries.

At one point, the platform handled around 57% of the global trading volume for cryptocurrency derivatives, but it now barely reaches 0.01%.

The *exchange* will permanently close on September 23, 2026, marking the end of the platform that pioneered perpetual *swap* contracts.

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Trump Media cancels its treasury agreement in CRO with Crypto.com.

The initiative was intended to become the "first and largest treasury-listed company in CRO".

Acting CEO Kevin McGurn says the decision was due to market saturation and not regulatory concerns, despite the Trump administration itself regulating the cryptocurrency sector.

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South Korea’s KOSPI index closed lower for the seventh consecutive week, the longest streak since 2022.

The index fell 5.1% this week and is now 33% below its June peak, representing a loss of $1.59 trillion in market value.

Samsung Electronics and SK Hynix accounted for 76% of the losses, as leveraged trading operations collapsed.

The crash was so severe that automatic trading halt mechanisms (*circuit breakers*) stopped trading repeatedly, and authorities called an emergency meeting about the market.

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Senator Elizabeth Warren says the United States needs cryptocurrency legislation, but not legislation «drafted by the cryptocurrency industry to protect and promote the industry itself.»

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BRUTAL FALL IN USD/JPY AND THE U.S. DOLLAR INDEX

The USD/JPY pair fell from 158.48 to 156.65 in a single 15-minute candle, a drop of more than 180 pips.

The U.S. dollar index (DXY) fell from 99.90 to 99.40 in that same candle.

Dollars are being sold across the board.

The latest U.S. employment report just delivered negative figures: the economy lost 23,000 jobs, versus an expected increase of 85,000 jobs.

This wiped out any argument for a rate hike by the Federal Reserve.

Lower interest-rate expectations in the U.S. mean lower returns for holding dollars, so traders choose to sell.

And when the dollar falls, it does so versus all currencies—hence the DXY’s equally sharp decline.

This is exactly what Japan needed. The country had spent $160 billion this year trying to push down the USD/JPY rate, but it always kept bouncing back.

A weaker dollar achieves the same result at no cost.

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Senator Cynthia Lummis says she will «not stop fighting» for the Clarity Act after her latest setback, asserting that the battle for cryptocurrency legislation in the United States is «far from over».

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JPMorgan warns that «something will disrupt the market suddenly».

«Market leverage is quite high,» said Jamie Dimon, warning that a sudden disruption could leave investors «uneasy».

«I’m not going to say it’s a level that’s systemically high, or that it will cause a disaster. But it is high».

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Ark Invest, led by Cathie Wood, purchased 267,676 shares of Block for $21 million and 20,318 shares of SpaceX for $2.3 million on August 6.

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Pump(.)fun sold today another 84.789 $SOL for a value of $6.25 million, bringing its total sales to 4.82 million $SOL —valued at $807 million—at an average price of $167.4.

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President Trump on the supply of ammunition:

"We have certain types of ammunition that are very powerful and that we have an UNLIMITED supply of".

"We have others whose stock is somewhat more limited, but we are receiving them every day".

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Putin has signed Russia’s first comprehensive cryptocurrency law.

The Law on Digital Currencies and Digital Rights will enter into force on September 1, 2026.

What it does:

- Recognizes digital currency as property
- Creates a licensed exchange market supervised by the Central Bank
- Establishes digital deposits to record who owns what
- Regulates mining, custody, and digital financial assets.

Retail investors must pass a knowledge exam and are limited to 300,000 units (about $3,800) per platform per year. Qualified investors have no limit.

Only the largest and most liquid coins will be allowed to operate.

The Central Bank has said that Bitcoin, Ethereum, and USDT currently meet that standard.

Cryptocurrencies still cannot be used to pay for goods inside Russia. Banks can block suspicious transactions, and a 48-hour “cooling-off” period applies to wallet transfers.

Meanwhile, the CLARITY Act is not on the Senate’s agenda, and the chamber is set to go into recess in just 2 days.

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According to the *Financial Times*, the European Central Bank was unaware of the United States’ sale of euros to support the Japanese yen until after the intervention had already taken place.

The first joint intervention by the United States and Japan in the yen market in nearly 30 years caught ECB officials off guard; some viewed it as an unprecedented break from decades of coordination among Western monetary authorities, raising concerns about future central bank cooperation.

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Bitcoin miners are selling.

MARA deposited 200 BTC ($12.86 million) and Riot Platforms sent another 381 $BTC ($24.51 million) to NYDIG today, according to Arkham data.
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The CFTC chair, Mike Selig, says the agency will move forward with regulating cryptocurrencies even if the CLARITY Act does not pass.

Back in July, he warned that regulators would end up "writing all the rules" for the crypto sector if Congress did not approve the CLARITY Act.

Now he says the CFTC will proceed anyway.

Cryptocurrencies will be regulated in any case, but the two possible paths are very different.

If Congress passes the law:

Oversight is divided by law between the CFTC and the SEC. Only Congress can change it. The rules remain in effect regardless of who wins the next elections.

If Congress does not pass it:

The CFTC writes the rules on its own.

Selig and the SEC president, Atkins, have already drafted most of the regulatory framework, including a joint memorandum and a taxonomy of tokens that classifies 16 assets as commodities.

However, these documents were drafted by the agency heads and were not approved by Congress. The next CFTC or SEC chair could reverse everything above without a single vote.

Selig can act quickly right now because he is the only sitting member of the five-member CFTC commission; he can make decisions on his own.

The Senate has one day left before the recess, and the bill still has not been included on the agenda.

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GRAN DISASTER IN JAPAN

17.7 trillion yen ($112 billion) has vanished from the Japanese stock market.

Here we go again.
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Trump says he thinks the war with Iran will end "very soon".

"I don’t think they can last much longer".
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Do you need to catch up on the news? Here’s our selection of today’s 10 most notable stories:

🔸 President Trump has repeatedly been calling Kevin Warsh, former Federal Reserve chair, to ask for advice on issues such as the war with Iran and the economic impact of AI, the WSJ reports.

🔹 In recent days, hackers used social-engineering calls to attack major Wall Street firms, including Point72, Two Sigma, and Citadel, Reuters reports.

🔸 Sam Blackshear, Chief Technology Officer (CTO) of Mysten Labs, is stepping down to join Anthropic and work on defensive security research; Evan will take responsibility for defining Mysten’s technical vision.

🔹 President Trump says oil prices are falling, but that “maybe we’ll have to raise them again.”

🔹 Russian President Vladimir Putin has enacted Russia’s first comprehensive law regulating cryptocurrency exchange platforms, digital deposits, and custody of digital assets, according to TASS.

🔹 Senator Tillis says the White House is already reviewing the bipartisan ethics proposal he and Senator Gallego sent last week, according to Brendan Pedersen of Punchbowl.

🔹 Nikita Bier, Head of Product at X, is stepping down from her current role but will remain at the company as an advisor.

🔹 Western Union has launched a wallet and a card for *stablecoins* (stable currencies) backed by Visa in 37 markets, enabling users to hold, send, and spend USDPT on the Solana blockchain.

🔹 Senate Majority Leader John Thune filed a motion to end debate and move to a vote on the college sports bill, indicating that no bipartisan agreement on the CLARITY Act yet exists.

🔹 LUMMIS: “I think we will manage to vote on the CLARITY Act before the August recess.”

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Arthur Hayes bought another 10.9 million $ENA for a value of $985,000, bringing the total of his purchases to 22.64 million $ENA ($2 million) in the last five days.

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Jeff Bezos sold Amazon shares worth nearly $350 million on Monday, when stocks hit an all-time high; it is his first sale of the year.