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Oil Prices Climb Higher
The Wall Street Journal3d agoneutral
Oil Prices Climb Higher

Plus, 10-year Treasury yield briefly hits 2007 levels and the Senate deals a blow to crypto industry

Clarity Act Collapses as Crypto Industry Fails to Win Lawmaker Support
Barrons.com4d agoneutral
Clarity Act Collapses as Crypto Industry Fails to Win Lawmaker Support

The crypto industry’s top legislative priority failed on Tuesday as Democrats said it didn’t go far enough to rein in President Donald Trump’s personal crypto investments. A procedural motion to advance the Clarity Act failed by a vote of 49 to 50. The bill would take most crypto trading out of the purview of securities regulators, among other provisions.

Coinbase Slides 6% as CLARITY Odds Crash to 15% Just Before Senate Vote
Benzinga Prediction Markets4d agobearish
Coinbase Slides 6% as CLARITY Odds Crash to 15% Just Before Senate Vote

Coinbase Global Inc. (NASDAQ:COIN) fell around 6% Tuesday, roughly twice the decline in Bitcoin (CRYPTO: BTC), as prediction market traders slashed the chances of landmark U.S. crypto legislation becoming law this year. Polymarket odds for the CLARITY Act are trading...

Coinbase Slides Ahead of Clarity Act Vote; Waystar Up on Sale Exploration | Stock Movers
Bloomberg4d agoneutralVIDEO
Coinbase Slides Ahead of Clarity Act Vote; Waystar Up on Sale Exploration | Stock Movers

On this episode of Stock Movers: - Dave & Buster's (PLAY) shares are lower after it reported revenue for the second quarter that missed the average analyst estimate. - Coinbase (COIN) along with other crypto shares along with Bitcoin are sliding ahead of the Senate's vote on the CLARITY Act that would regulate digital assets and the crypto industry. - Waystar (WAY) shares are higher after Reuters reported that the firm is exploring options, including a sale, two years after a public listing in New York.

Bitcoin Drops Ahead of Clarity Act Vote. Why Cathie Wood’s Dumping Crypto Stocks.
Barrons.com4d agobearish
Bitcoin Drops Ahead of Clarity Act Vote. Why Cathie Wood’s Dumping Crypto Stocks.

The Senate will vote on the Clarity Act, a key bill for crypto regulation, on Tuesday afternoon. Bitcoin and crypto-exposed stocks were falling ahead of the vote, though, after enjoying a rally in recent months as the legislation’s chances of being passed have come back from the dead. GOP senators have been making an 11th-hour push to get support from Democrats, Barron’s reported Monday.

Stocks to Watch: UBS, Dave & Buster's, Coinbase
The Wall Street Journal4d agoneutral
Stocks to Watch: UBS, Dave & Buster's, Coinbase

↘️ UBS (CH:UBSG), Deutsche Bank (XE:DBK), UniCredit (IT:UCG): Shares of European banks retreated as global bond yields continued to push higher, in a sign that investors are growing increasingly worried that higher borrowing costs could lead to more loan defaults.