BITWU
Feed
Feed
Why are they arguing again?
No time to watch the drama,
Can the all-powerful @grok help me summarize,
What are the key KOLs and project teams in the crypto space arguing about today? I see a lot of people involved, regarding the issue of listing failure and no refunds in the end. Please give me a full panorama of the drama!
CoinEx also fell? Is this exchange Yang Haibo's?
Foresight News
🥲 Another exchange has fallen! CoinEx will gradually cease operations, with the withdrawal window open until December 22
The crypto trading platform @coinexcom announced that due to prolonged market downturn, shrinking trading volume and liquidity, and rising compliance costs, it has decided to gradually wind down operations.
Starting September 15, new user registrations will be stopped; on September 22, non-spot business will be suspended; from 10:00 on September 29, spot trading will be suspended and non-USDT assets will be processed.
The withdrawal deadline is 10:00 on December 22, 2026. USDT not withdrawn by then will be transferred to independent custody, with a custody fee of 5% per month charged on the balance at the end of the withdrawal period; the custody claim deadline is August 22, 2028.
Additionally, CoinEx Smart Chain and OneSwap will be shut down simultaneously.
The "CLARITY Act" is still progressing,
The Senate cloture procedural vote, which requires 60 votes to proceed, will take place tomorrow.
The Republican side claims that this version has already incorporated 126 substantive amendments proposed by the Democrats.
From what I remember, the U.S. initially had very strict policies on cryptocurrency, with a period of suppression when Yellen was still around, and she criticized Bitcoin every time she appeared.
Then things started to reverse with Musk and Dogecoin; the U.S. went from massive stimulus during the pandemic to moving from an ambiguous phase directly to openly supporting and globally endorsing crypto.
If we divide U.S. crypto policy into three stages, I think it can be viewed like this:
2017–2021:
Crypto went from resistance to ambiguity.
2021–2025:
From ambiguity to open support and full development.
2025–2026:
Crypto becomes a new industry that needs regulation.
After CLARITY:
Crypto begins to become part of the U.S. financial infrastructure.
So even if this time CLARITY doesn’t get 60 votes due to political reasons, I think the overall direction of U.S. crypto policy is already very clear.
First, this thing has become a basic national policy. It’s not something anyone can change. The U.S. needs cryptocurrency; it’s not cryptocurrency that needs the U.S. I’ve said this logic many times before.
Second, the White House has clearly stated that if Congress fails, the SEC and CFTC will still continue to use existing rulemaking authority to advance the regulatory framework.
What both sides are now debating are the guardrails, not whether crypto should exist. The existence and development of crypto is an undisputed fact.
蓝狐
Seeing the news that Senate Democrats will hold a meeting tonight local time to discuss the Clarity Act counterproposal, interestingly, there are less than 24 hours until tomorrow's cloture vote.
This indicates two points:
First, the "80% ethics + 126 amendments" has not fully locked in votes and there are still uncertainties.
Gallego / Tillis can open the door for talks; however, Warner, Cortez Masto, Gillibrand, and the party leadership want their own checklist: enforcement strength, illegal financing, stablecoin yields, and developer protection scope.
One possible approach is: the night before, the counterproposal is thrown out → Republicans say "this is the final plan" and reject it → a group of Democrats vote no citing "the text is still insufficient."
If it reaches 60 votes, that's fine, but if it falls short by one or two votes, that would be unfortunate.
Second, the door is not completely closed yet, but it depends on the Democrats' intentions.
There are two uses for proposing a counterproposal the night before:
One is genuinely wanting to negotiate, using the counterproposal to exchange for "first voting cloture, then amending after entering."
The other is using the counterproposal to veto, declaring "if the counterproposal is not included in the text, we will not vote."
If it's the second case, getting 60 votes tomorrow will not be easy.
"How to use Twitter safely?"
1. Don't talk to idiots on Twitter.
2. If you think someone sounds like an idiot, then either you are an idiot or they are an idiot, and neither of you should talk to each other.
3. If absolutely necessary, admit you are the idiot first and take the moral low ground.
The greatest truths are simple—damn it, all of you learn this!
The more I look, the more I want to laugh. People with half-baked knowledge really can't stand bitcoin:native!
It's like saying missiles will be more powerful in 2035, so all tanks, fighter jets, and aircraft carriers today are outdated technology.
If in the future Bitcoin really becomes a global asset network worth trillions or tens of trillions of dollars, spending a billion dollars to handle a civilization-level cryptographic upgrade is nothing?
How much do traditional banks, payment networks, cloud computing, and communication systems spend annually on security, compliance, and system upgrades?
To put it simply, quantum computing attacks cryptography, not the word "blockchain."
If one day quantum computing really matures enough to massively break existing elliptic curve cryptography, it won't just be BTC that’s in trouble.
Bank authentication, government certificates, corporate keys, HTTPS, VPNs, and various digital signature systems will all have to migrate together.
By then, the entire modern digital society will have to change its underlying cryptography. What does that have to do with blockchain being outdated, seriously!
