regulation

CLARITY Act cloture fails 49-50: 18 GENIUS Democrats voted no

Sept 15, 2026: CLARITY Act cloture fails 49-50. All 18 Democrats who passed GENIUS voted no with the 635-page text already public. Needs 10 Democrats, not 7.

stablecoins

Arc vs Tempo: the 2028 clock that Circle signed with the SEC

Circle sold 807.5 M ARC with a refund if Arc is not Proof-of-Stake by May 8, 2028. It opened on Sep 16, 2026, in Proof-of-Authority; Tempo (Stripe) has no token.

tokenization

DTCC Tokenization: Collateral Between Participants, Zero at DTC

On July 15, 2026, a Treasury security tokenized by the DTC depository financed a repo against USDCx on Canton; within DTC, that same token is worth zero as collateral.

bitcoin

Did Bitcoin bottom in 2026? The 4-year cycle says not yet

The $58,525 low on Jun-30-2026 arrived 267 days from the top; 4-year cycle bottoms took 364-406 days. Thesis: Bitcoin will break it before Nov-16.

defi

How to read DefiLlama open interest: 8 fields out of 15

DefiLlama's adapter guide states that open interest is never summed; yet its endpoint serves it summed in five of its fifteen fields. Which ones to use.

regulation

SEC Regulation Crypto Assets: 55 letters, none from the sector

The SEC file on Regulation Crypto Assets totaled 55 letters as of Sep-13-2026 and none are signed by a large crypto firm: Coinbase appears via meeting.

security

Wrapped Bitcoin: what moves the reserve in Liquid, WBTC and tBTC

Liquid required 11 signatures out of 15 and yet 3,996 BTC left on Sep-6-2026. Six wrapped bitcoin models compared by who moves the reserve.

stablecoins

USDD Collateral: TRX Vaults Cover 258.02%

The USDD collateral series lost 301.82 million and recovered them without a single token moving: in the Vat, TRX vaults cover 258.02%.

ethereum

EIP-8363: the formula already burns 60.46% with the Sep-2026 ETH

EIP-8363 switches off the validator reward once 50% of ETH is staked, but with the 43,081,487 ETH active on Sep-11-2026 the formula already returns 60.46%.

security

Cosmos EVM Hack: The Patch Was in Main for 96 Days

The fix for the bug that drained six Cosmos chains had been in main for 96 days when it was released in v0.7.2 on Aug 19, 2026: the first theft occurred 20 hours later.

stablecoins

21 banks and their 2027 stablecoin: 20 months versus 11 years

The consortium of 21 banks gave itself 20 months for its dollar stablecoin; the precedent financed by nine of them has gone 11 years without a live dollar.

infrastructure

Arbitrum charges Robinhood Chain 8%: $2.2M in 30 days

Robinhood Chain paid 28 million dollars in gas over 30 days and the Arbitrum DAO collects 8%: 2.24 million, more than two average months of the semester.