Crypto World
Circle Launches Arc Mainnet With 100+ Institutional and Crypto Partners
Circle, the company behind USDC, has officially launched the public mainnet of Arc today. This is a Layer 1 blockchain as infrastructure built specifically for financial markets, payments, and AI-powered economic activity.
According to the firm’s official announcement, the protocol debuts with more than 100 institutional and ecosystem participants.
USDC, the stablecoin with more than $74 billion in circulating supply, is integrated in the network directly as the main gas token, meaning that users will have a degree of predictability that other networks might lack.
USDC Powers Network Fees
Unlike most Layer 1 networks, which have a USD-denominated cryptocurrency as the native token, Arc allows users to pay for transaction fees directly with USDC.
Circle also says that the network provides sub-second finality and supports assets including USDC, EURC, and tokenized real-world assets.
Some of the founding validators include BlackRock, Mastercard, Visa, Standard Chartered, Galaxy, ICE, DTCC, and MoneyGram. Crypto firms, on the other hand, include Binance, Coinbase, Kraken, Bybit, Aave, Morpho, Uniswap, MetaMask, and others.
ARC Token Into Spotlight
Circle also revealed that it has minted the full initial supply of 10 billion ARC tokens earlier this week. The company, however, stressed that this does not confirm a public token launch.
ARC is intended to support network security, utility, and governance eventually. This should come into prominence once Arc starts exploring a transition from Proof of Authority to Proof of Stake in 2027.
The next key thing that many in the industry are currently watching is if Arc’s blockchain will become a playground for traders and on-chain enthusiasts in a similar way Robinhood Chain did.
The post Circle Launches Arc Mainnet With 100+ Institutional and Crypto Partners appeared first on CryptoPotato.
Crypto World
Saylor says stalled CLARITY Act could boost Bitcoin activity
Strategy Executive Chairman Michael Saylor has predicted that the CLARITY Act’s 49-50 Senate defeat could send more capital toward Bitcoin as U.S. regulators continue writing crypto rules under their existing powers.
Summary
- The CLARITY Act fell 11 votes short of the 60 needed to advance.
- Saylor expects regulators to proceed without waiting for another congressional vote.
- Banks could expand Bitcoin custody and Bitcoin-backed lending, according to Saylor.
- Coinbase and Bernstein also expect the SEC and CFTC to keep developing crypto rules.
Michael Saylor said in an X post that the Securities and Exchange Commission, Commodity Futures Trading Commission, and Treasury Department could move forward under existing law while the CLARITY Act remains stalled.
“With CLARITY stalled, I expect the SEC, CFTC, and Treasury to advance rules under existing law,” Saylor wrote. “But progress does not have to wait for Congress.”
His comments presented the failed vote as a possible opening for Bitcoin rather than a complete halt to U.S. crypto policy. According to Saylor, banks could add more Bitcoin custody services and offer additional loans backed by the asset, creating new channels for capital to enter the market.
Saylor also pointed to the GENIUS Act, which has already established a federal framework for payment stablecoins. While discussing the remaining policy gap, he added, “The only clarity you need is Bitcoin.”
Saylor expects Bitcoin services to expand without the bill
For American investors, Saylor’s forecast centers on services offered through regulated financial institutions. More bank custody options could give clients another way to hold Bitcoin, while Bitcoin-backed loans could let borrowers access cash without immediately selling their holdings.
Saylor did not provide a timeline or name any banks preparing such products. His comments described what he expects regulators and financial institutions to do after Congress failed to advance the market-structure bill.
The Strategy chairman has repeatedly treated Bitcoin differently from other digital assets because of its regulatory position and fixed supply. In September, crypto.news previously reported that Saylor defended Americans’ right to promote the cryptocurrency while the Senate prepared for the CLARITY Act vote.
During that earlier debate, Saylor argued that public officials and business leaders should be free to support Bitcoin. The comments came as Strategy resumed purchases of the asset, tying his policy position to the company’s long-running Bitcoin treasury plan.
Strategy’s exposure also gives U.S. stock investors an indirect route into Bitcoin. Shares of the Nasdaq-listed company often react to changes in the cryptocurrency’s price, the company’s purchases and its methods of raising capital to fund additional acquisitions.
CLARITY Act fails its 60-vote Senate test
The Senate voted 49-50 on the motion to invoke cloture and move the CLARITY Act toward debate. With 60 votes required, the proposal fell 11 votes short of the threshold.
Failure at the procedural stage prevented senators from moving to a full debate and potential amendments. It was not a final vote on whether to approve the legislation.
The bill sought to establish federal rules for issuing, trading and supervising digital assets. One of its main provisions would divide authority between the SEC and CFTC, giving the agencies clearer roles over securities and digital commodities.
A Sep. 4 analysis identified ethics rules, protections for decentralized finance developers and stablecoin rewards as major disputes before the vote. Lawmakers also disagreed over provisions connected to President Donald Trump’s crypto interests.
Under the proposal’s four-part mature blockchain test, a network meeting its decentralization requirements could qualify as a digital commodity. Assets that failed the test would remain subject to securities laws, registration rules and SEC oversight.
The measure had already passed the House by 294-134 in July 2025, with 78 Democrats supporting it. It later cleared the Senate Banking Committee by 15-9 in May 2026, but securing 60 votes on the Senate floor required support from both parties.
Although the cloture motion failed, the bill has not automatically disappeared from the Senate. Lawmakers could return it to the calendar and schedule another vote if supporters secure enough commitments.
Coinbase and Bernstein expect agency action
Coinbase CEO Brian Armstrong also said the vote should not stop U.S. regulators from developing clearer rules. While expressing disappointment with the result, he argued that the SEC and CFTC already possess tools that could be used under their present authority.
Armstrong said negotiations between Republicans and Democrats could continue, leaving open the possibility of another Senate vote. His comments did not establish when lawmakers might make a second attempt or what changes would be required to attract 60 votes.
Bernstein analysts offered a similar assessment in a note led by Gautam Chhugani. According to the firm, rulemaking by the SEC and CFTC could become “aggressive and swift” after months of congressional negotiations failed to produce a bill.
The analysts identified token classification, decentralized finance, self-custody and tokenized equities as areas where the agencies could act. Bernstein also expects regulators to address products tied to tokenized real-world assets, including perpetual futures based on such assets and individual stocks.
Agency rules would not have the same legal status as an act of Congress and could remain subject to court challenges or policy changes under future administrations. Armstrong and Bernstein, however, both expect regulators to continue using powers already granted by existing statutes.
Banking access remains central to Saylor’s forecast
Saylor’s prediction also depends on whether regulated banks choose to expand their digital-asset businesses. Custody requires banks to safeguard clients’ Bitcoin, while collateralized lending introduces credit, risk-management and repayment requirements.
For U.S. crypto companies, access to ordinary bank accounts and payment systems has long affected their ability to operate. A September review of U.S. banking access explained how Federal Reserve payment rails, master accounts and commercial banking relationships have shaped the services available to digital-asset firms.
The same review noted that 21 major banks, including Bank of America, Citi, Goldman Sachs, Deutsche Bank and UBS, had committed to a joint dollar stablecoin company targeting the first half of 2027. The planned venture would place traditional banks in direct competition with established issuers such as Circle and Tether.
Stablecoin regulation has progressed separately through the GENIUS Act. The law directs federal agencies to develop rules for payment stablecoin issuers, including requirements linked to licensing, reserves, and supervision.
Treasury proposed an implementing rule in April 2026, while the Office of the Comptroller of the Currency issued its own proposed GENIUS Act regulations in February. The OCC proposal covers payment stablecoin issuance and related activities carried out by institutions under the agency’s jurisdiction.
Industry executives have continued criticizing the CLARITY Act vote. Ripple CEO Brad Garlinghouse said politics had overtaken policy and called for a post-mortem on why the measure failed. He attributed the result to Democratic opposition, while negotiations had focused partly on demands for stronger ethics limits connected to Trump’s digital-asset interests.
Crypto World
Tom Lee Says Buy This Dip as Dow Jones Drops 631 Points
Fundstrat’s Tom Lee says Wall Street overreacted to Wednesday’s rate decision. He’s calling the sharp stock selloff a buying opportunity, not a warning sign.
Cyclical stocks, financials, and energy names took the brunt of the selloff. Lee expects those same groups to lead any rebound.
Dow Jones Sheds 631 Points
The Dow Jones Industrial Average fell 631 points, or 1.2%, to close at 51,461 on Wednesday.
The S&P 500 slipped 0.5% to 7,551. The Nasdaq Composite held roughly flat at 25,978. Retail sales for August also topped forecasts, easing some recession worries.
The selloff followed a move Lee had flagged days earlier. It deepened once officials signaled more hikes ahead before year-end.
Financials and energy stocks led the decline as traders rotated out of rate-sensitive sectors. J.B. Hunt sank 13.3% after warning of a sharp earnings decline.
Lee Sees a Buying Opportunity
Lee cited Goldman Sachs research pointing to fading inflation pressures over the next two quarters. He argued that shift should let cyclicals, financials, and other rate-sensitive stocks rebound.
I would be buying this dip.
Tom Lee, head of research at Fundstrat, on CNBC
Lee named cyclicals, technology, consumer discretionary, and financials as the sectors best placed to lead.
A Contrarian Take
Dan Greenhaus, chief economist and strategist at Solus Alternative Asset Management, was less convinced. He didn’t think the Fed needed to hike at all. Still, Greenhaus agreed Wednesday’s market reaction looked overdone.
I didn’t think they should hike rates.
Dan Greenhaus, Solus Alternative Asset Management, on CNBC
Greenhaus pointed to weak spots outside the AI-driven data center boom. He said non-residential construction has dragged on GDP for roughly eight or nine quarters. Higher rates, he added, will only add more pressure there.
Greenhaus also cautioned that much of Wednesday’s sharp swing was likely algorithm-driven.
Whether Lee’s call pays off may hinge on how fast that disinflation trend shows up.
The post Tom Lee Says Buy This Dip as Dow Jones Drops 631 Points appeared first on BeInCrypto.
Crypto World
CLARITY Act Stalls as Crypto Rules Face Delay After Senate Vote
The U.S. Senate voted 50-49 on September 15 to block the CLARITY Act from advancing, falling 10 votes short of the 60 needed to clear a procedural cloture motion. The defeat leaves the bill stalled after months of negotiations aimed at building bipartisan support for a federal crypto market-structure framework.
The procedural vote was a setback for an industry seeking clearer rules for digital assets. The measure could still be reconsidered, but Congress is preparing to leave Washington ahead of the midterm election, narrowing the immediate legislative window.
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A Compromise That Wasn’t
Republican leaders released a revised version of the bill Sunday night, adding ethics restrictions intended to address Democratic concerns about public officials profiting from crypto ventures. The changes did not resolve the opposition. Democrats had expressed frustration that Republican negotiators had not met their demands concerning profits from crypto ventures connected to President Donald Trump and his family.
Tuesday’s vote was a motion to proceed rather than a final vote on the bill. Even if it had cleared the 60-vote threshold, the CLARITY Act would still have faced further Senate negotiations and votes, then needed to clear the House before reaching President Trump’s desk.
The bill itself would establish a framework for crypto, divide oversight between the SEC and CFTC, set registration requirements for digital-asset firms, and strengthen anti-money-laundering protections.
Sen. Ruben Gallego, D-Ariz., a key Democratic negotiator, said before the vote that the ethics compromise could have won support from many Democrats. He argued that Republicans were prioritizing the president’s crypto income over functional regulation, portraying the outcome as a failure of negotiations rather than an unavoidable policy dispute.
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Market Reaction After The Failing CLARITY Act
Bitcoin was down 3% following the vote. Coinbase shares were off 8%, and Circle shares fell 10% as the broader market sold off. Reuters reported that bitcoin fell more than 5% as the vote appeared on track to fail, while shares of Coinbase and Circle fell as much as 10%.
With Congress stalled, the SEC and CFTC are positioned to shape crypto policy under their existing authority. The SEC has proposed a Regulation Crypto Assets framework that would allow startups to sell up to $75 million in tokens without full registration. The CFTC recently approved the first bitcoin perpetual futures contracts in the U.S.
Need to be understood that agency action does not provide the statutory framework sought by the industry. Executives and analysts have said that only Congress can create a lasting regulatory structure, while regulations issued without legislation may be vulnerable to changing political conditions and court challenges.
Senators are scheduled to leave Washington in early October and not return until after the midterm election, which is seven weeks away. The House is set to recess even sooner, at the end of the week, reducing the near-term opportunity to revive the bill.
Sen. Cynthia Lummis, R-Wyo., a leading Senate advocate for the crypto industry, indicated before the vote that a failed procedural vote would end the push during this Congress.
The outcome could also affect campaign activity. Tuesday’s vote might pave the way for Fairshake, a crypto political action committee, to donate to candidates running against senators who voted to block the CLARITY Act. For now, the industry must look to the SEC and CFTC for interim policy action while congressional legislation remains stalled.
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The post CLARITY Act Stalls as Crypto Rules Face Delay After Senate Vote appeared first on Cryptonews.
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BASIS.pro Expands On-Chain Infrastructure with XDC Network Partnership and Zypher DAO as Auto Earn Goes Live
[PRESS RELEASE – London, United Kingdom, September 16th, 2026]
New developments extend BASIS across real-world asset and AI-native infrastructure while introducing automated reward restaking for BTC, ETH, SOL, and PAXG participants
BASIS, the institutional-grade crypto yield and staking platform built on market-neutral execution infrastructure, is continuing to expand its institutional footprint with three new developments: an ecosystem partnership with XDC Network, a collaboration with Zypher DAO, and em-dash (Auto Earn an automated) reward restaking feature now live for BTC, ETH, SOL, and PAXG participants.
Yield Infrastructure Meets Real-World Financial Infrastructure
BASIS and XDC Network have announced a new partnership exploring opportunities at the intersection of crypto yield, real-world assets (RWAs), and the broader on-chain economy. XDC Network is an EVM-compatible Layer-1 blockchain powering payments, trade finance, and real-world asset solutions.
By combining BASIS’s market-neutral yield and staking infrastructure with XDC Network’s high-throughput, enterprise-oriented blockchain, the two teams are exploring how disciplined yield execution can connect with real-world financial infrastructure from tokenized assets to trade-finance ecosystems.
Verifiable AI Meets Market-Neutral Yield
BASIS has also entered into a collaboration with Zypher DAO (Zypher Network), an AI and Zero-Knowledge (ZK) powered Web4 ecosystem building AI-native blockchain infrastructure and intelligent digital economies.
The collaboration brings together Zypher’s verifiable AI and ZK capabilities with BASIS’s market-neutral yield infrastructure, with both teams exploring new possibilities across intelligent finance, verifiable execution, and on-chain asset management.
Auto Earn Automates Reward Restaking
Separately, BASIS has launched Auto Earn, an automated process that restakes eligible unclaimed staking rewards into a user’s existing position every Monday at 00:00 UTC.
Auto Earn touches accrued-but-unclaimed rewards only. It does not create a new position, add a new lock-up, reset the lock-up timer, or change the original maturity date or booster schedule. The feature is enabled by default, and users can turn it off or back on at any time in account settings. Full documentation is available at docs.basis.pro/economics-and-rewards/auto-earn.
About BASIS
BASIS is an institutional-grade crypto yield and staking platform for BTC, ETH, SOL, and PAXG, where participants can earn rewards by staking their assets on basis.pro with rates following the platform’s live Dynamic Reward Rate (DRR), which varies with market conditions and is not fixed or guaranteed. The platform executes market-neutral strategies designed to reduce directional exposure, with capital-preservation controls including risk constraints and circuit breakers embedded across its execution and operating framework. BASIS is operated by BASIS DIGITAL INFRASTRUCTURE LTD, a Seychelles-registered IBC (LEI: 254900IX2F2KCWNSSS64), under ISO/IEC 27001:2022 and ISO/IEC 20000-1:2018 certified management systems, with execution research, systems modeling, and risk design contributed by Base58 Labs, a London-based independent research and engineering institution.
About XDC Network
XDC Network is an EVM-compatible Layer-1 blockchain powering payments, trade finance, and real-world asset solutions.
About Zypher Network (ZDAO)
Zypher Network (ZDAO) is an AI and Zero-Knowledge (ZK) powered Web4 ecosystem building the next generation of AI-native blockchain infrastructure and intelligent digital economies.
The post BASIS.pro Expands On-Chain Infrastructure with XDC Network Partnership and Zypher DAO as Auto Earn Goes Live appeared first on CryptoPotato.
Crypto World
US Lawmakers Move Bill to Codify a Trump-Era Bitcoin Reserve
U.S. lawmakers moved a step closer to turning President Donald Trump’s proposal for a strategic Bitcoin reserve into law after the American Reserve Modernization Act of 2026 (H.R. 8957) cleared the House Committee on Financial Services on Wednesday.
The committee approved the bill in a 28–21 vote, setting up the next phase of legislative review in the full House and, later, the Senate. If enacted, the measure would create a Strategic Bitcoin Reserve and a separate Digital Asset Stockpile inside the Department of the Treasury to hold federally forfeited Bitcoin and other digital assets.
Key takeaways
- The American Reserve Modernization Act of 2026 (H.R. 8957) advanced after a 28–21 vote in the House Financial Services Committee.
- It would establish a Strategic Bitcoin Reserve for Bitcoin held by the federal government for at least 20 years.
- The proposal aims to improve oversight via agency-wide asset accounting, quarterly “proof of reserve” reporting, and third-party audits.
- It would also commission a study on budget-neutral strategies for expanding the reserve and allow states to store their Bitcoin with the Federal Reserve.
- The bill explicitly affirms private Bitcoin ownership and the importance of self-custody and private key control.
From executive idea to draft legislation
The bill, introduced by Representative Nicholas Begich on May 21, is designed to address what supporters describe as fragmented and inconsistent custody practices for Bitcoin currently held under federal authority. Begich argued that allowing federal Bitcoin holdings to remain scattered across custody arrangements creates unacceptable cybersecurity risks and undermines accurate accounting of what the government actually owns.
In his view, the legislation would help make Bitcoin a durable part of U.S. reserve policy—while providing a clearer framework for how those assets are stored, reported, and secured.
What the bill would create at Treasury
According to the bill text described in coverage, H.R. 8957 would establish two related structures inside the Department of the Treasury:
- A Strategic Bitcoin Reserve for federally held Bitcoin; and
- A Digital Asset Stockpile for other digital assets acquired through criminal or civil forfeiture.
The proposal also sets a minimum holding period: Bitcoin placed in the federal reserve would have to remain there for at least 20 years. That requirement indicates the act is not being framed as a short-term treasury maneuver, but as a long-duration policy shift.
For investors and market participants, the key point is less about immediate market effects and more about the administrative pathway: if H.R. 8957 becomes law, it would standardize federal custody and governance around digital assets acquired through forfeiture—potentially reducing uncertainty about how such holdings are managed over time.
Transparency and audits built into the framework
The act would also require federal agencies to provide a comprehensive accounting of digital assets they currently hold or control. It further introduces transparency mechanisms that include:
- Quarterly “proof of reserve” reports; and
- Third-party audits.
Supporters appear to see these provisions as a direct response to custody and reporting gaps. By mandating recurring disclosures and independent verification, the bill attempts to make the reserve more measurable and harder to obscure through fragmented reporting.
Some context for why this matters: the U.S. government is estimated to hold 324,527 Bitcoin, worth $24.7 billion at the time of writing, according to Arkham Intelligence. While estimates can vary by methodology, the broad takeaway is that the federal government’s on-chain footprint is large enough that custody and reporting practices can become politically and operationally consequential.
Custody rules, self-custody rights, and what still needs to happen
Beyond reserve creation and transparency requirements, H.R. 8957 would direct a study of budget-neutral acquisition strategies for expanding the Strategic Bitcoin Reserve. The bill would also affirm that states could store their Bitcoin in the Federal Reserve.
Just as notably, the legislation would explicitly recognize private ownership and self-custody rights of Bitcoin, describing control of private keys as fundamental to “financial sovereignty, privacy, and personal liberty in the digital age.” That language is likely intended to address concerns that any federal Bitcoin framework could be interpreted as limiting individual control over assets.
Bitcoin Policy Institute executive director Connor Brown described the committee vote as a “genuinely historic step for Bitcoin policy,” while Strive CEO Matt Cole previously called the measure “the single most important crypto legislation that can come out of DC.”
However, the committee approval is only an intermediate milestone. The bill still has to pass the full U.S. House and then the Senate before it can reach President Trump for a final decision.
As lawmakers consider the next stages, readers should watch two things closely: whether the reserve and audit requirements survive amendments in the full House and Senate, and how negotiators balance federal reserve objectives with the bill’s explicit protections for private self-custody and key ownership.
Crypto World
Anthropic IPO Underwriter Says AI Spending Won't Slow: Can He Be Neutral?
Morgan Stanley co-president Dan Simkowitz said the push by OpenAI and Anthropic to slow releases of the most advanced artificial intelligence (AI) models will not dent demand or the spending behind it.
His bank is a reported lead underwriter on Anthropic’s coming stock market listing. Simkowitz spoke to CNBC on Wednesday and declined to discuss individual deals.
AI Demand and Financing Will Keep Moving
Spending on compute and chips is not stopping, he said. Nor is the financing behind that build.
“I think the pause or the slowing of release on the frontier really doesn’t change the core dynamics,” Simkowitz said in the interview.
Demand is coming from large companies and consumers alike, according to Simkowitz. He said Morgan Stanley is scaling AI across research, cybersecurity and customer service.
Its partners include Anthropic, Google, xAI and Microsoft. Sam Altman presented to the bank’s board in May 2022, months before ChatGPT launched.
Simkowitz said he does not know when Anthropic will go public. He called the initial public offering (IPO) market ready for large deals and pointed to SpaceX.
His stated worries sit elsewhere. He named fiscal policy, $100 oil and $40 trillion of federal debt.
Morgan Stanley Advises the Companies Who Spend Big on AI
Asked whether the capital could run out, Simkowitz listed his own client book.
“We’re the advisor to Nvidia and Broadcom and Google and the and the LLMs, uh as well as some of the neo clouds. They’re all raising the capital”
Neoclouds are data center firms that rent out AI computing power. Large language models, or LLMs, are the systems behind chatbots such as ChatGPT and Claude.
That list covers the chipmaker, the networking supplier, the search giant and the labs. Morgan Stanley is also among the banks reported to be leading Anthropic’s IPO, alongside Goldman Sachs and JPMorgan.
Anthropic was last valued at nearly $965 billion in May, and its listing has been reported for the autumn.
Simkowitz also said Alphabet and SpaceX raised close to $150 billion in equity in June.
Critics Question the Timing of the Slowdown Call
Anthropic chief executive Dario Amodei asked rival labs on September 12 to slow capability gains. Altman and Elon Musk backed him.
Investor Michael Burry argued two days later that the push serves the listings rather than safety. He described it as hype around the listings.
Altman has since pushed OpenAI’s own debut beyond 2026.
Simkowitz said each company will make its own timing call.
The post Anthropic IPO Underwriter Says AI Spending Won't Slow: Can He Be Neutral? appeared first on BeInCrypto.
Crypto World
Bitcoin Holders Capitulate After CLARITY Act Failure: What the Data Shows
Tuesday was one of the most important days of the year for the cryptocurrency industry, as the US Senate was scheduled to vote on the key market-structure legislation, the CLARITY Act, which, unfortunately for its backers, went sideways.
The Senate rejected cloture on the motion to proceed with the bill, with the vote falling well short of the 60 votes required. BTC reacted with an immediate price drop, but there’s more to the story.
STHs Capitulate
According to CryptoQuant’s analyst Darkfost, Bitcoin short-term holders sent over 23,000 BTC to exchanges at a loss following the Senate setback. In USD terms, this massive stash was worth close to $1.8 billion. This represented the largest capitulation event in about a month.
STHs are generally more sensitive to sudden price movements, making their behavior expected and also useful for tracking periods of fear and forced selling, CQ explained. The reaction on September 15 is particularly worth observing because this cohort of investors spent almost a month in partial profit before yesterday’s price decline, the longest sustained profitable period of the year.
The CLARITY disappointment therefore quickly tested these investors’ confidence, which had accumulated during BTC’s latest recovery. Nevertheless, it’s still worth noting that exchange deposits do not necessarily prove every unit was subsequently sold. Instead, they represent potential selling pressure rather than confirmed disposals.
Investors Reacted Before the Vote
Santiment Intelligence’s data shows that the market started to react even before the final vote came in. Just a day before the Senate rejected cloture on the bill, BTC rocketed to over $79,500. However, selling accelerated at this point as doubts emerged that the CLARITY Act could gather the necessary support despite the last-minute changes.
Later, on September 15, the cryptocurrency had already retreated to $76,000. Santiment argued that traders were repricing the deteriorating probability of passage before cloture officially failed, and social activity confirmed it.
Discussion surrounding the bill exploded after the failure and was significantly higher than when the legislation advanced through the Senate Banking Committee in May. The analysts said the reaction illustrates clearly how strongly traders respond when anticipated bullish catalysts suddenly disappear.
Nevertheless, yesterday’s setback, albeit being a major one, does not mean the bill is dead. The failed vote delays the process rather than permanently rejecting the entire legislation, and another attempt remains procedurally possible. Still, the negative impact was felt immediately, while all eyes in crypto now turn to the Fed and the FOMC meeting today.
The post Bitcoin Holders Capitulate After CLARITY Act Failure: What the Data Shows appeared first on CryptoPotato.
Crypto World
Zcash price surges 20% as bulls target $1,500
Zcash price rallied more than 20% on Sep. 16, breaking above $1,300 as network upgrade optimism helped ZEC resist a broader crypto market sell-off.
Summary
- Zcash price climbed 20.46% to $1,337 after reaching an intraday high of $1,385.
- Price broke above the $1,250 pivot, placing $1,375 and $1,500 in focus.
- The 4-hour Supertrend flipped bullish, with support near $1,128.
- Liquidity remained concentrated below $1,170 after higher clusters were swept.
Zcash price action today
According to data from crypto.news, Zcash (ZEC) price traded at approximately $1,337 at the time of writing, up 20.46% over the daily session. The privacy coin opened near $1,110 and reached a high of $1,385 before giving back part of the move.
The advance placed ZEC among the strongest-performing large-cap crypto assets while Bitcoin and several major altcoins faced selling pressure following the failed CLARITY Act vote in the US Senate.
Network-specific developments helped separate ZEC from the wider market. Zcash holders backed a proposal to reduce block times from 75 seconds to 25 seconds in the Network Upgrade 7 governance poll, according to the information provided. The proposal received 98.9% support while retaining the network’s existing halving schedule.
Plans to integrate the Ironwood shielded pool with Ledger hardware wallets also supported sentiment around the network’s privacy infrastructure.
ZEC’s performance extended a strong recovery that began in August. The daily chart shows price accelerating from around $500 in mid-August to above $1,300, with the sharpest gains arriving after ZEC cleared the $800 region in early September.
ZEC breaks above a major technical pivot
The daily chart shows ZEC moving above the Murrey Math resistance level at $1,250, identified as a strong pivot and reversal zone. Price then tested the next resistance at $1,375 during the intraday rally.

A daily close above $1,250 would keep the immediate structure favorable for buyers. The next upside level sits at $1,375, followed by the $1,500 “ultimate resistance” zone.
ZEC would need to clear $1,500 and hold above it before traders could consider the next extensions at $1,625 and $1,750. Such targets remain conditional because the current rally has already carried price far above its August trading range.
The Average Directional Index stood at 53.95 on the daily chart. An ADX reading above 25 usually indicates a strong trend, while the current reading suggests ZEC’s directional move remains powerful. ADX does not identify whether the trend is bullish or bearish, however, and an elevated reading can persist during a reversal.
Immediate support lies at $1,250. A loss of that level could expose $1,125, which marks the top of the previous trading range. The larger pivot at $1,000 would become relevant if selling pushes ZEC below both supports.
4-hour indicators support the breakout
ZEC also broke above its Supertrend resistance on the 4-hour chart. The indicator had capped price near $1,206 before the latest candle advanced as high as $1,385.

The breakout shifted the Supertrend into a bullish position, with its support line moving toward $1,128. Price was trading more than $200 above that indicator at the time of the chart capture, reflecting strong momentum but also a widening distance from short-term support.
Chaikin Money Flow rose to 0.10 on the 4-hour chart. A reading above zero points to net buying pressure, supporting the price breakout. CMF had recovered from negative territory during the rally, suggesting capital flows improved as ZEC moved beyond its recent consolidation range.
A pullback that holds between $1,250 and $1,206 would allow the bullish structure to remain intact. A drop through that area would raise the risk of a deeper move toward $1,128–$1,125.
Liquidation levels could increase ZEC volatility
The 24-hour CoinGlass liquidation heatmap shows that ZEC moved through several liquidity concentrations during its advance from approximately $1,100. Dense bands appeared around $1,150–$1,170, $1,205–$1,215, and $1,235–$1,240.

The heatmap snapshot ended with price near $1,235, before the TradingView charts recorded the later push above $1,300. ZEC therefore appears to have cleared several overhead liquidation zones during the breakout.
The strongest remaining liquidity visible on the map was concentrated below the market around $1,150–$1,170. Additional bands appeared near $1,125–$1,145 and around $1,090–$1,110. Such clusters can become areas of interest during a correction, although liquidation heatmaps do not guarantee that price will move toward them.
Higher bands were visible around $1,285–$1,295 and $1,305–$1,315. The later rally to $1,385 suggests those short-liquidation areas were likely swept as price accelerated.
Analysts split over Zcash’s next move
Altcoin Sherpa said ZEC appeared to be consolidating rather than preparing for a deep correction toward $1,000. The trader expected choppy Bitcoin conditions to keep the consolidation in place but identified $1,500–$2,000 as the potential range for another upward leg.
Crypto Patel presented a more cautious outlook, pointing to a bearish momentum divergence near $1,300. The analyst said a sustained rejection from that supply zone could expose support around $800 and a larger demand area near $500.
The bearish scenario cited by Patel requires ZEC to fail below $1,300. Price’s later move through that level weakened the immediate rejection case, but bulls still need to defend $1,250 and establish support above $1,300.
For US traders, the failed CLARITY Act vote remains a wider market risk even as ZEC benefits from network-specific demand. Continued weakness in Bitcoin or a hawkish Federal Reserve signal could increase profit-taking across leveraged altcoin positions.
ZEC’s short-term direction now depends on whether buyers can secure a daily close above $1,250 and challenge $1,375 again. A clean break above $1,375 would place $1,500 in view, while failure to protect $1,250 could send the price back toward $1,125.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Crypto World
XRP Price Prediction: 9% Drop in 12 Hours, Can XRP Survive CLARITY Act Setback?
XRP is changing hands at $1.30, after a brutal overnight leg that saw the token shed more than 9% in less than 12 hours. XRP is volatile. But now, will $1.30 holds as anything more than a bounce point before the next leg down? Here’s our full XRP price prediction.
A failed procedural vote on the CLARITY Act last night has reignited the regulatory ambiguity XRP has spent years trying to shed. Ripple CEO Brad Garlinghouse called the setback “stings’ in a same-day post on X, a rare public admission of frustration from a CEO usually disciplined about messaging.
Bitcoin dipped briefly below $75,000 before recovering, while Ethereum, BNB, and Solana slid 3-5%, confirming this was a market-wide risk-off event, not an XRP-specific breakdown.
Still, XRP’s decline outpaced the majors by a wide margin. That elasticity is the story. Regulatory clarity was priced in; its absence is now being priced out.
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XRP Price Prediction: Can Ripple Recover and Run to $1.50 This Week?
XRP trades at $1.30, down from an intraday low near $1.27 after the CLARITY Act news broke. Liquidity and open interest data suggest the selloff, while sharp, hasn’t triggered the kind of cascading liquidations that mark a true breakdown. The immediate technical battle is at the $1.30 level here, which flips from support to resistance if buyers can’t reclaim it convincingly.
Three scenarios frame the next move, all pinned to the Fed’s rate decision. A 25 basis point hike likely sends XRP toward the $1.00 psychological floor, with $1.21 and $1.10 as intermediate stops. An unchanged rate probably supports a reclaim of $1.30, with $1.36 and $1.45 as next resistance.
How about the best case? A surprise cut, although low probability, could open a path toward $1.60, then $1.68, potentially $1.86. Triangle-pattern analysis puts $2.19 on the table if resistance clears, though that scenario currently sits well outside base-case odds.
Discover: The Best Token Presales
Maxi Doge Targets Early Mover Upside as XRP Tests Key Levels
A 9% overnight drop on a top-five asset is a reminder of how exposed large-cap crypto remains to single legislative headlines. Traders who bought the CLARITY Act narrative are now underwater, waiting on a Fed decision they can’t control.
This is the pain point, and it’s exactly the kind of setup that pushes capital toward assets with no regulatory overhang and no $1.30 resistance ceiling to fight through.

Enter Maxi Doge ($MAXI), a meme token built around leverage-trading culture rather than legal precedent. The project has raised $4.8 million in presale funding at a current price of $0.0002839, with a huge 65% APY staking already live only for early holders.
Its identity leans into gym-bro absurdity (240 lbs of “1000x leverage” energy, holder-only trading competitions, a treasury fund for liquidity and partnerships), but the mechanics are straightforward presale economics.
Research Maxi Doge before the next presale tier prices in.
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The post XRP Price Prediction: 9% Drop in 12 Hours, Can XRP Survive CLARITY Act Setback? appeared first on Cryptonews.
Crypto World
What Happens to Ethereum Price Now That the Clarity Act Has Failed
Ethereum (ETH) and the wider crypto market felt the impact of the Clarity Act failing to clear the Senate. Analysts had touted the bill as a major tailwind for the second-largest cryptocurrency.
Expectations that its advance would trigger a rally have now been reset. The setback has left its mark on ETH.
How Much of This Was the Vote
Over the past week, Ethereum price dropped around 3%. The altcoin dipped to $2,388 after the CLARITY Act failed, then rebounded to $2,400 shortly after. In comparison, other major altcoins like XRP and Hyperliquid have dropped over 8%.
US-listed spot Ethereum funds also saw heavy selling. They recorded their largest outflow since January on Tuesday as the bill stalled.
Not all of the selling started in Washington. ETH was already sliding before the Senate voted, then extended the decline once the result landed.
Exchange data points the same way. CryptoQuant recorded roughly 709,400 ETH moving into Binance on September 11, four days before the vote. That was the highest daily total since June.
Large exchange inflows can signal that more coins are becoming available for potential selling. However, an exchange deposit does not mean those coins were sold.
What Happens to Ethereum Price Now?
The failed vote removes a potential catalyst for ETH in the short term. However, its longer-term supply dynamics remain intact.
CryptoQuant put exchange reserves at 14.6 million ETH, the lowest level since 2016. Reserves have fallen steadily since 2022, and this week’s inflows barely register against that trend.
Staking also continues to absorb supply. Analyst Leon Waidmann put the total staked at 43 million ETH, a record, or close to 35% of supply.
Coins in a validator cannot be sold until the queue is cleared. That leaves a smaller pool of ETH available to trade than in any previous cycle.
Valuation has improved alongside it. Analyst MorenoDV noted that ETH’s MVRV ratio has moved above 1 and has remained there for several sessions. ETH also trades above its realized price near $2,300.
“A sustained MVRV > 1 together with ETH holding above its ~$2.3K Realized Price would strengthen the case that June–July marked the cycle low and that the market is transitioning from repair into expansion,” the analyst said.
The signals are not clean, though. CryptoQuant’s Coinbase Premium Index sits near -0.08, indicating softer US spot demand relative to offshore.
Taken together, ETH’s supply backdrop remains supportive, but demand has yet to provide a clear counterweight to the recent selling pressure.
Washington Steps Aside, the Fed Steps Up
Not everyone sees the bill as decisive. Grayscale’s head of research argued that crypto can advance without the Clarity Act.
That view puts the weight back on macro. With Washington out of the picture, at least for now, rates could be the variable driving ETH.
The Federal Reserve has already increased interest rates on Wednesday, with Kevin Warsh warning further tightening could be ahead.
This hike is the first of this cycle. What traders want is a signal about what follows. For now, it looks like the Crypto market has already priced in the CLARITY Act failing and the Fed rate hike.
“If the Fed sounded like this rate hike was a one-time thing, I expect a good pump,” analyst Ted Pillows stated. “But if Warsh insists more on the Fed’s 2% inflation target, the market will see this as a hint of more future hikes. In that scenario, there’ll be a dump across stocks, crypto, and even precious metals, while bond yields will surge.”
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The post What Happens to Ethereum Price Now That the Clarity Act Has Failed appeared first on BeInCrypto.
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BREAKING: The CLARITY Act has FAILED its Senate procedural vote, short of the 60 votes needed to advance.
Senator Elizabeth Warren says passing the Crypto Clarity Act puts the US at risk of an economic crash.
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