A marginal decline of 1.66% at the current high price level of 75,957 suggests a period of brief consolidation or short-term profit-taking. This minor contraction indicates that despite any immediate negative pressures or macro uncertainties, the market is holding relatively stable above key technical thresholds, reflecting cautious but not panic-driven short-term trading behavior. The combination of security failures at major financial entities like Revolut and mounting regulatory friction around the CLARITY Act creates a complex sentiment environment. While institutional product development continues to mature, retail security fears and looming policy decisions keep investors on edge. The rotation of fund flows away from Bitcoin ETFs into Ethereum ETFs suggests tactical reallocations as market participants brace for macroeconomic and legislative turning points. - The minor 1.66% contraction at 75,957 represents short-term consolidation as traders position themselves ahead of major regulatory and macroeconomic decisions. - Security breaches, such as Revolut's exposure of customer credentials to domain-spoofing fraudsters, underscore the ongoing systemic risks associated with centralized digital asset custodians. - Net capital outflows from Bitcoin ETFs contrasted with inflows into Ethereum ETFs point to active institutional portfolio rebalancing amid shifting regulatory landscapes.
BASIS announced partnerships with XDC Network and Zypher DAO, and launched Auto Earn to restake unclaimed rewards for BTC, ETH, SOL, and PAXG every Monday at 00:00 UTC.Material Details#DetailAI Analyst View1Partners with XDC NetworkSignals expansion into RWAs and trade finance rails, potentially gro…
Crypto markets are already under pressure ahead of today’s FOMC meeting, with Bitcoin trading below $75,000. The Fed is widely expected to raise rates by 25 basis points, a move that is mostly priced in.Now, traders are watching Chair Kevin Warsh’s comments for clues on future rate hikes and whether…
0737 GMT - Ether stays under pressure after reaching a two-week low Tuesday when the Senate failed to pass the Clarity Act, aimed at establishing a regulatory framework for digital assets, in a procedural vote. The market is also largely pricing in an interest-rate rise by the Federal Reserve in a d…
Bitcoin price fell 4% in US trading and stabilized at around $75,900 as of 8 a.m. in London. The decline came after the US failed to advance a key crypto regulatory bill, weakening industry sentiment ahead of a potential Federal Reserve interest-rate hike.The combination puts regulatory developments…
The Clarity Act may return to the Senate but this is unlikely before the midterms, making the passage even more difficult depending on the election outcome, says Carsten Menke at Julius Baer. Opposition to the Act was unexpectedly broad, with Democrats and several Republicans voting against the bill…
Bitcoin mining sites have become some of the scarcest permitted power capacity in the United States. With 151 data center restrictions still active, AI developers face years of waiting to plug in anywhere new.CoinShares cited at least 225 data center moratoriums or restrictions in its second-quarte…
The European Central Bank (ECB) is seeking online and mobile merchants to participate in a 12-month digital euro pilot expected to begin in the second half of 2027.On Tuesday, the ECB said e-commerce and mobile-commerce merchants operating in the euro area can apply until Oct. 27. Selected businesse…
By Joe StonorU.S. stock futures were steady and oil edged lower in early European trade as market sentiment stabilized ahead of the Federal Reserve's policy rate decision later Wednesday.Markets are near-certain the Fed will raise rates, with a 91% expectation for a quarter-point hike, according to …
Leading cryptocurrencies tumbled on Tuesday as investors reacted to the CLARITY Act’s failure in the Senate and growing expectations of an interest-rate hikeCryptocurrency24-Hour Gains +/-Price (Recorded at 9:26 p.m. EDT)Bitcoin (CRYPTO: BTC)-2.70%$75,843Ethereum (CRYPTO: ETH) -4.46%$2,403.67XRP (CR…
Crypto industry leaders are looking to US financial regulators to fill the regulatory gap after a major crypto bill establishing a regulatory framework for digital assets stalled in the Senate on Tuesday.The Senate voted 49-50 on a motion to invoke cloture and advance the CLARITY Act, short of the 6…
The Clarity Act on digital assets which didn't secure a procedural Senate vote, leaving questions around U.S. digital asset market structure and regulatory jurisdiction unresolved, says Samson Leo, co-founder and chief legal officer at StraitsX in a commentary. Agency rulemaking can continue providi…
The US Senate failed to advance the CLARITY Act, a proposed law aimed at establishing a federal regulatory framework for digital assets, after it did not secure the 60 votes required to clear a procedural hurdle.The vote was 50-49. Four Republicans, Jerry Moran, Susan Collins, Josh Hawley and Thom T…