Major US stock indices rise, while cryptocurrency concept stocks fluctuate in price

According to The Block, Paul Grewal, Chief Legal Officer of Coinbase, expressed "great confidence" in the passage of the Clarity Act before the end of the summer and called on the banking trade association to accept a compromise on stablecoin rewards. He refuted the core opposition of the bank, stating that it lacked basis, and warned that refusing to compromise could face unfavorable legal conditions under the GENIUS Act. He supports the updated bill proposed by Senators Thom Tillis and Angela Alssobrooks, stating that it retains the key active reward function for Coinbase's stablecoin business, while limiting idle income rewards based on balances.

According to MLM monitoring, a newly built wallet withdrew 8 million USDC from Binance and deposited it into Hyperliquid, then shorted TON. At present, its position holds 1.54 million TON, valued at approximately 3.8 million US dollars, and has placed additional short selling orders, planning to short approximately 7 million TON (approximately 182 million US dollars).

According to The Wall Street Journal, the Iranian Islamic Revolutionary Guard Corps Navy warned on Wednesday that ships approaching the Strait of Hormuz without permission or following designated routes will be targeted. According to Iranian state television, approximately 1500 ships are preparing to cross the strait and require permission from the Revolutionary Guard Navy to navigate.

[Main password: Main force or intention to suppress, put sell orders at key positions above BTC] The main large order can be combined with the position difference indicator to judge the main force to open and close the position. Open PRO members can follow the main trading operations in time

According to The Block, Core Scientific will acquire Oklahoma-based Bitcoin mining company Polaris DS LLC for $421 million. The transaction is expected to be completed in the third quarter of 2026, pending regulatory approval. The acquisition will add 440 megawatts of contracted power to support the expansion of its artificial intelligence and high-density computing operations. Polaris's 40-acre campus in Muskogee is already electrified and operational, located adjacent to Core Scientific's existing facilities. Core Scientific is transforming its Bitcoin mining facilities into artificial intelligence and high-performance computing colocation data centers.