Crypto Pulse

Key takeawaysTDRA, the UAE's federal digital government authority, is upgrading the blockchain layer supporting the UAE PASS Digital Vault to Avalanche, the certified document store inside the country's national digital identity platform, which serves 12.5 million citizens, residents and visitors through more than 15,000 services across over 350 public and private entities. The Digital Vault runs on a dedicated Avalanche L1 instead of shared blockspace, so capacity is never contended by unrelate

Key takeawaysThe Senate failed to invoke cloture on the motion to proceed to H.R. 3633, the Digital Asset Market Clarity Act on September 15, 2026, with the tally at 49 to 50 and one senator not voting, eleven short of the 60 required and below even a simple majority. Every Democrat voted no, including Kirsten Gillibrand, Mark Warner, Cory Booker, Raphael Warnock, Ruben Gallego, Angela Alsobrooks and Catherine Cortez Masto, all of whom had spent months negotiating the text. Four Republicans join

The most important economic story of the US-Iran war is no longer what happened when the fighting began. It is what has happened since.Months into the conflict, the Strait of Hormuz remains severely constrained, Gulf energy infrastructure is facing repeated disruption, and governments across Asia are still trying to adjust to a world in which one of the most important energy corridors can no longer be treated as reliably open. On September 16, preliminary shipping data showed only four vessels c

I. Macro & Market SentimentMarket Data: BTC $76,341 (+1.17%) | ETH $2,427 (+1.55%) | SOL $99 (+2.88%)Market Sentiment: Funding Rate +0.0082% | Fear & Greed Index 50 (Neutral)II. Trading Signals / Hotspots[Today's Focus] BTC | Traditional Funding Channels Expand, Direct USD Deposits Lower Entry ThresholdBTC serves as the anchor for market-wide liquidity and risk appetite. MEXC has introduced a new USD fiat deposit and spot trading channel, directly connecting US and USD-zone users

The 35th Congress of Nahdlatul Ulama, or NU, adopted a more detailed position on Bitcoin. Through its Bahtsul Masail Waqi’iyah deliberation, the congress concluded that Bitcoin could qualify as property, or mal, and a medium of exchange, or tsaman, under its fiqh analysis. Transactions involving Bitcoin as a digital asset were also considered valid and permissible.That conclusion does not make Bitcoin Indonesia’s official currency, allow it to replace the rupiah, or authorize its unrestricted us

Indonesia’s Financial Services Authority, or OJK, has begun discussing the development of a Single Investor Identifier for the country’s crypto ecosystem. If implemented, the SID could provide one investor identity that recognizes the same person or legal entity across multiple service-provider accounts.The system could change how the industry counts investors, conducts identity verification, monitors cross-platform activity, and manages user data. As of mid-September 2026, however, OJK had not

Indonesia’s external debt reached US$454.8 billion in July 2026. The headline is large, but the monthly increase was marginal. External debt stood at US$454.5 billion in June, meaning the position increased by US$300 million, or approximately 0.07%.The annual comparison tells a different story. According to Bank Indonesia, external debt grew by 4.9% from July 2025. The increase was mainly driven by public external debt, while private external debt declined.Whether the debt is manageable cannot b

Indonesian consumers entered August 2026 with greater confidence. The Consumer Confidence Index rose from 116.8 in July to 118.5. A reading above 100 indicates that consumers remain in the optimistic zone.That optimism has not yet been fully reflected in retail sales. Bank Indonesia estimated that the Real Sales Index grew by only 0.5% from August 2025. Growth remained positive, but it was weaker than the realised 1.1% increase recorded in July.The two readings are not contradictory. The Consume

Commission III of Indonesia’s House of Representatives is targeting the enactment of the Criminal Asset Forfeiture Bill by December 2026. The timetable was announced after dozens of public hearings, regional working visits, and written submissions from civil-society groups.A target date does not mean the bill’s substance is final. As of September 15, 2026, lawmakers were still debating issues that will determine how the law operates, including the initial evidence threshold, forfeiture without a

The Indonesian government is using an average exchange-rate assumption of IDR17,500 per US dollar in the 2027 Draft State Budget, known as the RAPBN. The figure serves as one of the parameters for estimating revenue, expenditure, the fiscal deficit, financing, and the annual cost of energy subsidies and compensation.The exchange-rate assumption does not operate in isolation. The government is also using an Indonesian Crude Price assumption of US$75 per barrel, oil lifting of 612,500 barrels per