


According to Politico, the cryptocurrency asset bill led by Senate Banking Committee Chairman Tim Scott is embroiled in controversy over the DeFi developer protection clause, making bipartisan consensus difficult to achieve.The controversial clause aims to exempt non-custodial software developers wh...
Global markets delivered mixed signals. Bitcoin and Ethereum strengthened as institutional flows into spot ETFs supported a recovery in crypto risk appetite, while the Robinhood ecosystem and NFT sector also remained active. In technology, NVIDIA continued to weaken ahead of its earnings release, with investors focused on AI returns, customer capital expenditure, and order execution. PDD Holdings saw significant volatility after reporting results, while Applied Optoelectronics came under pressure following its large equity financing announcement. Investors are also awaiting new rate-path signals from the Jackson Hole Economic Symposium.