Tag: CLARITY Act

  • Tech Roundup: Qualcomm’s New AI Chip, Demoverse’s $600K Funding, and Key Industry Updates

    Tech Roundup: Qualcomm’s New AI Chip, Demoverse’s $600K Funding, and Key Industry Updates

    Qualcomm Launches AI-Focused Android Chip

    Qualcomm has introduced a new Android chip designed to handle rising AI workloads while addressing challenges from the global memory shortage. The processor targets smartphones with stronger on-device AI capabilities and improved efficiency. This launch comes as chipmakers face increasing demand for AI hardware and tighter memory supplies.

    Demoverse Raises $600,000 in Lumikai-Led Funding

    AI product co-creation startup Demoverse has raised $600,000 in a pre-seed round led by Lumikai. The company plans to use the funds to expand its US presence, grow its consumer creator community, and convert brand partnerships into paid campaigns. Its platform allows consumers to use AI to help design products and earn royalties.

    Laid-Off Graduate Works as Delivery Executive After TCS Job Loss

    A 2024 computer science graduate reportedly began working as a delivery executive after losing his TCS job earlier this year. The graduate is seeking opportunities to return to IT and asked a tech professional for referrals. The incident highlights the challenges facing entry-level technology workers amid a difficult hiring environment.

    Claude Opus 5.5 Targets Businesses With Lower AI Costs

    Anthropic has launched Claude Opus 5.5, intensifying competition with OpenAI. The model focuses on stronger performance and lower operating costs, with pricing reduced from its predecessor. OpenAI has also introduced cheaper GPT-6 models targeting professional workloads. These launches highlight the AI industry’s growing focus on efficiency, pricing, and enterprise adoption.

    CLARITY Act Shapes Debate Around US Crypto Rules

    The CLARITY Act is gaining attention as US lawmakers and regulators work toward clearer cryptocurrency rules. The legislation seeks to establish regulatory boundaries for digital assets and clarify oversight responsibilities. Its progress could influence how crypto companies operate, how digital assets are classified, and how future US market regulation develops.

  • Bitcoin Steadies Above $81K as Zcash and Solana Rally on Institutional Demand

    Bitcoin Steadies Above $81K as Zcash and Solana Rally on Institutional Demand

    Bitcoin has recovered most of last week’s losses and is trading comfortably above the psychological $80,000 mark, with the broader crypto market showing renewed strength. After a volatile stretch triggered by the Federal Reserve’s latest rate decision and a failed Senate vote on crypto legislation, spot ETF inflows have turned positive again, giving trading desks more confidence heading into the new week.

    Total cryptocurrency market capitalization stands near $2.74 trillion, with Bitcoin dominance holding above 58%. Zcash, Solana, and Hyperliquid remain the standout performers this month, while large-cap names like Ethereum and BNB post steadier, more measured gains.

    Bitcoin Price Today

    Bitcoin trades at $81,323.85, up 1.1% over the past 24 hours, according to CoinGecko data. Its market capitalization stands near $1.63 trillion, with 24-hour volume around $24.5 billion. Bitcoin gained close to 4.9% over the past seven days.

    Mudrex: Golden Cross Signals a Bottom

    Prateek Gupta, Head of Business at Mudrex, said Bitcoin staged a sharp rebound after dipping below $75,000 earlier this month. Regulatory relief, including a fresh SEC exemption for tokenized-stock trading, helped sentiment turn firmer. Spot ETFs swung back to net inflows through the week. Gupta pointed to $83,000 as resistance, with support holding near $77,700.

    CoinSwitch: Altcoins Drive Market Recovery

    CoinSwitch’s Markets Desk noted Bitcoin climbed off its recent lows to reclaim levels above $80,000. Total market capitalization pushed back toward $2.9 trillion during the rally. Hyperliquid and Zcash led altcoins higher, with Zcash gaining over 36% on the move. Improving breadth across large-cap altcoins suggests sentiment grew more constructive this week.

    Delta Exchange: $82,500 Remains the Key Resistance

    Riya Sehgal, Research Analyst at Delta Exchange, said Bitcoin reclaimed its major moving averages after last week’s sell-off. US spot ETFs closed the week with a modest net inflow after heavy midweek redemptions were offset late on. Sehgal flagged $81,800 to $82,500 as the key resistance zone, with $80,000 acting as first support.

    Crypto Prices Today: Top 10 Coins at a Glance

    Source: CoinGecko, prices as of today’s session.

    Biggest Gainers and Losers Today

    Zcash led the top ten again, adding close to 5% on steady institutional demand. BNB and XRP followed with gains above 2.5%, while Solana extended its climb past 2% on strong network activity. No coin in the top ten slipped into the red today, and both stablecoins held their peg without any noticeable drift.

    Crypto News Today: Top Headlines Impacting Prices

    CLARITY Act Stalls Again

    The Senate’s cloture vote on the CLARITY Act fell short once more this week, leaving crypto market structure rules in limbo. Lawmakers on both sides voiced frustration over the delay. Industry groups called the setback a blow after years of pushing for clearer digital asset rules.

    Traders largely brushed off the outcome since most desks had already priced in the delay. Bitcoin barely reacted to the news, holding steady through the session. Analysts say the bill’s failure removes a near-term catalyst but does not change the broader institutional adoption trend underway.

    Fed Signals One More Hike

    The Federal Reserve’s latest dot plot points to another rate increase before the year closes out. Officials cited resilient growth data alongside inflation that remains above target levels. The signal keeps liquidity conditions tight for risk assets heading into the final quarter.

    Bitcoin absorbed the update calmly, staying above key support through Monday’s session. Equity markets also held firm, with the S&P 500 and Nasdaq both trading higher. Desks say the calm reaction reflects how well the hike had already been anticipated by traders.

    Zcash Rally Gains Institutional Interest

    Zcash keeps outpacing every major coin this month, supported by growing institutional buying and rising shielded-pool activity. A newly filed Zcash-linked product added further fuel to the ongoing move. The token became the standout privacy play of this entire cycle.

    Analysts note that shielded transaction volume climbed sharply over recent sessions. Interest from larger holders appears to be building steadily rather than fading quickly. Several desks now see Zcash as the clearest expression of renewed appetite for privacy-focused digital assets.

    Solana Cuts Block Times

    Solana reduced its target slot time from 300 milliseconds to 250 milliseconds this week. The change further shortens block confirmation speeds across the network. Developers say the upgrade strengthens Solana’s pitch as a high-throughput settlement layer for trading activity.

    The network also saw a steady rise in decentralized application usage recently. That activity helped support price gains alongside the broader altcoin rally. Traders are watching whether faster confirmation times attract additional trading volume in the coming sessions.

    Deutsche Bank Eyes Crypto Custody

    Deutsche Bank is reportedly advancing plans to offer Bitcoin and Ethereum custody services for institutional clients. The move signals growing comfort among traditional lenders with digital asset infrastructure. Analysts view this step as another pillar supporting long-term institutional demand for crypto.

    Banks entering custody services typically bring stricter compliance standards to the space. That shift could open crypto exposure to a wider pool of regulated investors. Market watchers say such moves often precede broader product rollouts from similar financial institutions.

    Ethereum Whale Activity Rises

    On-chain trackers flagged a large rotation of funds from Bitcoin into staked Ether this week. One wallet reportedly moved close to $86 million into Ether positions. A separate trader rebought Ether after booking a sizable profit last month.

    Such large wallet movements often draw attention from retail traders watching on-chain data. Analysts caution that whale activity alone does not guarantee sustained price direction. Ether still managed to hold its footing above the $2,600 level through these swings.

    Investor and Market Outlook

    Zcash’s continued surge points to fresh rotation into privacy-focused assets this quarter. That kind of strength shows capital actively hunting for outperformance beyond Bitcoin and Ethereum. Bitcoin’s steady hold above $81,000 reflects resilient demand despite a heavy policy week.

    The Fed’s tightening bias keeps liquidity-sensitive assets exposed to pressure in the near term. ETF inflows suggest institutional buyers are returning cautiously after last week’s volatility. Solana and BNB’s steady gains point to healthy rotation across large-cap altcoins today. Desks recommend disciplined position sizing until macro and policy signals firm up further.

    FAQs

    What is the Bitcoin price today?

    Bitcoin trades near $81,323.85, up 1.1% over the past 24 hours, according to CoinGecko data. Support holds close to $80,000, while resistance sits near $83,000 across major trading desks this week.

    Why did Zcash surge today?

    Zcash gained nearly 5% today on continued institutional buying and rising shielded-pool activity. A newly filed Zcash-linked product added further momentum, making it the standout privacy coin performer of the current market cycle.

    What is the biggest crypto news today?

    Today’s top headlines include the Senate’s stalled CLARITY Act vote and the Fed’s dot plot signaling one more hike. Zcash’s institutional rally and Deutsche Bank’s custody plans also remain key talking points for traders.

    Which coins are performing best today?

    Zcash leads the top ten with a near 5% daily gain, followed by BNB and XRP above 2.5%. Solana also extended gains past 2%, and no top-ten asset closed lower today.

    What should investors watch this week?

    Track Fed commentary, ETF flow data, and any renewed legislative movement on crypto market structure. Solana’s network upgrade and Ethereum whale activity also weigh on near-term price direction.

  • Ripple CLO Urges Crypto Industry to Unite After Senate Blocks CLARITY Act

    Ripple CLO Urges Crypto Industry to Unite After Senate Blocks CLARITY Act

    Ripple CLO Calls for Industry Unity After CLARITY Act Stalls

    Stuart Alderoty, Ripple’s Chief Legal Officer and president of the National Cryptocurrency Association, is urging cryptocurrency firms to align their messaging after the CLARITY Act failed to advance in the U.S. Senate. In a September 17 post on X, Alderoty said “politics beat policy this week” and emphasized that the industry must speak with one voice when engaging with lawmakers and regulators.

    Senate Vote Details

    The Senate voted 49-50 on September 15 against invoking cloture on the motion to proceed to H.R. 3633, falling short of the required three-fifths majority. This procedural setback stalled the comprehensive crypto market structure bill after months of negotiations. Ripple expressed disappointment, calling it a missed opportunity, and reiterated its support for uniform federal standards that would provide clearer rules for digital asset businesses and stronger consumer protections.

    Bipartisan Talks Continue

    Despite the vote, seven Democratic senators released a statement on September 16 committing to continued bipartisan negotiations on crypto legislation. They described the vote as a setback rather than an end to the effort. Ripple CEO Brad Garlinghouse had supported the revised version of the bill, which incorporated over 100 changes.

    Crypto Adoption and XRP in Focus

    Alderoty also cited the National Cryptocurrency Association’s 2026 State of Crypto Holders survey, conducted with The Harris Poll, which estimated over 67 million U.S. adults own cryptocurrency. The survey found that 40% of holders use crypto for shopping and payments, while 41% send digital assets to friends and family. Meanwhile, XRP has declined roughly 25% from its August high. Community analyst Dark Defender pointed to lower exchange balances and RLUSD activity, suggesting the drop may precede a rally according to Elliott Wave analysis. However, Ripple maintains that XRP’s regulatory status remains separate from the legislative outcome.

    Conclusion

    Ripple’s Stuart Alderoty wants the crypto industry to coordinate its policy message after the CLARITY Act stalled in the Senate. The 49-50 vote stopped the measure from advancing, although seven Democratic senators committed to further bipartisan talks. Ripple continues to support uniform federal rules for digital assets.

  • Ripple CEO Says Crypto Adoption Can Thrive Even as CLARITY Act Stalls in Senate

    Ripple CEO Says Crypto Adoption Can Thrive Even as CLARITY Act Stalls in Senate

    Ripple CEO Brad Garlinghouse says the crypto industry has more than one path to growth, even as the U.S. CLARITY Act remains stuck in Congress. The bill, designed to provide clearer federal rules for digital assets, failed to advance in the Senate last week.

    What Happened With the CLARITY Act?

    The Senate voted 49–50 against moving the CLARITY Act forward, well short of the 60 votes needed to proceed. The legislation would have clarified which federal agencies oversee different segments of the crypto market and given companies a more defined compliance roadmap.

    Garlinghouse: Technology and Adoption Matter More Than Legislation

    Speaking at a digital asset conference in Kansas City on September 15, Garlinghouse said crypto growth doesn’t depend on any single bill. He pointed to faster, more efficient blockchain technology as a key adoption driver.

    “The industry can keep building, and users can keep adopting the technology while lawmakers debate new rules,” Garlinghouse emphasized.

    Market Impact and Ripple’s Legal Battle

    The Senate setback added fresh uncertainty to U.S. crypto policy, and the market reacted sharply. Roughly $571 million in crypto long positions were liquidated across exchanges following the vote.

    Separately, Ripple has spent more than $150 million defending itself in an ongoing legal battle with the U.S. Securities and Exchange Commission. The company remains focused on expanding its cross-border payment solutions despite regulatory headwinds.

    Why This Matters for Crypto Companies

    Clearer rules would make it easier for companies to launch new products and services, but innovation isn’t on hold. Real-world use cases, lower costs, and faster settlement times continue to attract users regardless of legislative progress.

    Garlinghouse’s remarks underscore a broader industry sentiment: while clear regulation is welcome, the long-term growth of crypto isn’t dependent on any one piece of legislation.

  • Bitcoin Clings to $75K Support After Fed’s Quarter-Point Hike and Senate Setback for CLARITY Act

    Bitcoin Clings to $75K Support After Fed’s Quarter-Point Hike and Senate Setback for CLARITY Act

    Bitcoin Holds Ground After Fed Decision

    Bitcoin traded near $76,000 on September 17 after the Federal Reserve raised interest rates by 25 basis points and the US Senate failed to advance the CLARITY Act. The cryptocurrency avoided another sharp decline after falling earlier in the week as traders responded to tighter monetary policy and uncertainty around US crypto rules.

    Bitcoin closed September 16 near $76,147, according to CoinGecko data. It had traded around $75,590 a day earlier after the Senate vote. The price action kept BTC close to the $75,000 support area, while traders watched the $77,000 to $78,000 range.

    Fed Raises Rates for First Time Since 2023

    The Federal Open Market Committee voted 12-0 on September 16 to raise the federal funds target range to 3.75% to 4%. The Fed said inflation remains elevated and said the increase would support a faster return toward its 2% goal. The move marked the central bank’s first rate increase since 2023.

    Fed Chair Kevin Warsh said the US economy appears to be strengthening and said he would be hard-pressed to describe broad financial conditions as restrictive. Updated Fed projections showed 16 of 18 policymakers expect at least one more rate increase in 2026. The median projection placed the federal funds rate at 4.1% at year-end.

    Bitcoin showed a limited immediate reaction to the decision. Markets had largely expected the quarter-point increase. However, higher short-term rates can raise returns on cash and fixed-income assets, giving traders another factor to consider when allocating money to non-yielding assets such as Bitcoin.

    Bitcoin ETF Outflows Extend After Fed Rate Decision

    US spot Bitcoin exchange-traded funds recorded $450.33 million in net outflows on September 15, according to SoSoValue data. The funds then recorded another $295.98 million in net redemptions around the September 16 session, bringing the two-session total to about $746 million.

    The outflows followed Bitcoin’s decline after the Senate vote and came as investors prepared for the Fed decision. Bitcoin had traded above $80,000 earlier in September. CoinGecko data show BTC closed at $81,265 on September 3 and at $76,147 on September 16.

    Traders continue to watch short-term price levels. Bitcoin has held around $75,000, while resistance sits near $77,000 to $78,000. A break below $75,000 would put lower support zones back in focus, while a move through resistance would bring the $81,600 area into view.

    CLARITY Act Stalls as Other Crypto Bills Move Forward

    The Senate failed to advance the CLARITY Act on September 15. Reuters reported a 50-49 vote, below the 60 votes needed to clear the procedural step. Four Republican senators joined Democrats in opposing advancement. The bill seeks to create a federal market structure for digital assets and define regulatory roles for the SEC and CFTC.

    The failed vote did not end congressional work on other crypto measures. On September 16, the House Financial Services Committee voted 28-21 to advance the American Reserve Modernization Act. The proposal would establish a Strategic Bitcoin Reserve at the Treasury and require the government to hold qualifying Bitcoin for at least 20 years.

    The House Ways and Means Committee also voted 38-5 to advance the Digital Asset Tax Certainty Act. The proposal addresses federal tax treatment for digital assets, including certain transaction fees, mining and staking income. Both measures still require further action in Congress before they can become law.

    Bitcoin entered September 17 near $76,000, with monetary policy, ETF flows and crypto legislation shaping trading conditions. Traders are watching whether the $75,000 area holds as markets adjust to the Fed’s new rate path.

  • XRP Ledger Sets Transaction Record as CLARITY Act Faces Senate Vote

    XRP Ledger Sets Transaction Record as CLARITY Act Faces Senate Vote

    XRP is back in the spotlight after the XRP Ledger recorded an impressive 3,254 validated transactions in a single block on September 14. This milestone coincided with the rollout of the fixCleanup3_3_0 amendment on mainnet. At the same time, traders are weighing mixed technical indicators while the US Senate prepares for a procedural vote on the CLARITY Act, which requires 60 votes to advance.

    XRP Ledger Hits New Single-Block High

    According to reports from Finance Biggo, the XRP Ledger achieved a new all-time high of 3,254 transactions in one block after the fixCleanup3_3_0 amendment went live. This surge in throughput highlights the network’s expanding capacity, which bolsters its technical credibility and makes it more attractive for transaction-heavy use cases.

    The record comes amid renewed market attention, but price action remains constrained. XRP is caught between supportive longer-term structure and short-term resistance, leaving traders uncertain about whether demand will strengthen further.

    Technical Indicators Mixed Near Resistance

    On the hourly chart, XRP is trading below the MA-20 at $1.4224 but remains above the MA-50 at $1.3847. The daily price also stays above the MA-200 at $1.2739, indicating underlying bullish structure. The Ichimoku Kijun line sits at $1.4337, forming immediate resistance.

    Momentum indicators are split: MACD shows a strong buy signal and ADX points to buying pressure, while RSI is at 47.913 and CCI along with Bull/Bear Power lean toward selling. Stochastic RSI is oversold, and the Awesome Oscillator remains neutral. This mixed picture suggests XRP could struggle to break higher without a clear catalyst.

    Garlinghouse Pushes for CLARITY Act Support

    Ripple CEO Brad Garlinghouse has urged US senators to back the latest version of the CLARITY Act. The Senate is set to hold a procedural vote on September 15, with 60 votes needed for advancement. Garlinghouse noted that lawmakers made significant compromises during negotiations, including a revised version with 126 changes requested by Democrats, covering ethics, digital assets, decentralized finance, banking, and enforcement.

    “Perfect can’t be the enemy of good,” Garlinghouse said. He added, “The world is watching and voters are watching. Now is the time to vote yes.” Treasury Secretary Scott Bessent also voiced support, stating the bill would help the US compete in digital assets while protecting community banks from stablecoin-related deposit risks. Bessent said it would grant him more authority if stablecoins cause deposit shifts away from community banks, tying the bill to the administration’s broader digital asset agenda following the GENIUS Act.

    Roundup

    XRP enters the September 15 Senate vote with a record transaction block and mixed technical signals. The CLARITY Act could gain traction if it secures 60 votes, with strong backing from both Garlinghouse and Bessent. Traders will be watching resistance near the $1.4337 Kijun level for any breakout or reversal.

  • XRP Plunges 10% as US Senate Blocks CLARITY Act, Triggering Broad Crypto Selloff

    XRP Plunges 10% as US Senate Blocks CLARITY Act, Triggering Broad Crypto Selloff

    XRP led major cryptocurrencies lower on Wednesday after the US Senate failed to advance the CLARITY Act, a bill aimed at providing clearer regulatory guidelines for digital assets. The token dropped nearly 10% to $1.30 during Asian trading, marking the steepest decline among major cryptocurrencies.

    Broader Market Weakens

    The broader crypto market also weakened following the procedural defeat. Bitcoin slipped nearly 3% to just above $76,000, while Ether dropped almost 5% to around $2,410. Solana declined 5% to just above $97, and dogecoin lost nearly 5%. Zcash and Hyperliquid’s HYPE each fell close to 4%. BNB and Tron recorded smaller declines of about 1% each. The moves followed a broad reduction in risk exposure across major digital assets.

    XRP drew particular attention due to its connection with banking-focused digital asset activity and the RLUSD stablecoin. The CLARITY Act sought to establish clearer rules covering digital assets and their use within traditional finance.

    Senate Vote Falls Short

    The Senate failed to advance the bill in a 49-50 cloture vote, according to CoinDesk. The measure needed 60 votes to proceed to debate, and several Republicans joined the opposition. Negotiators had prepared more than 600 pages of compromise language, but disputes over ethics provisions became a central obstacle before the vote.

    Michigan Democratic Senator Elissa Slotkin said the ethics safeguards were ‘simply too thin.’ She also raised concerns about CFTC staffing, money laundering controls, and terrorist financing provisions. Slotkin also pointed to crypto-related financial interests involving President Donald Trump, his children, and Cabinet members, forming part of broader Democratic objections to the legislation.

    Crypto Stocks Slide as Fed Decision Looms

    Crypto-related equities recorded even steeper losses than major tokens. Coinbase fell nearly 9% to $174.42, while Circle dropped more than 9% to $88.26. Galaxy Digital declined 8%, Gemini lost 7%, and Bullish and Riot Platforms each fell 5%. Robinhood, MARA Holdings, CleanSpark, IREN, and Core Scientific dropped between 3% and 4%.

    Attention now shifts toward federal regulators. The Securities and Exchange Commission continues work on its proposed Reg Crypto framework and rules covering tokenized securities. At the same time, markets await the Federal Reserve’s rate decision Wednesday. Traders placed the probability of a rate increase near 93%, while the 10-year Treasury yield hovered around 5%.

  • Trump Accepts Expanded Crypto Ethics Enforcement as CLARITY Act Heads to Senate Vote

    Trump Accepts Expanded Crypto Ethics Enforcement as CLARITY Act Heads to Senate Vote

    President Donald Trump has agreed to significantly tougher ethics provisions in the CLARITY Act, clearing the way for a critical Senate vote scheduled for Tuesday. The revised compromise grants state attorneys general a broader enforcement role, addressing concerns over potential presidential conflicts of interest in the crypto space.

    State Attorneys General Gain Broadened Enforcement Powers

    The original version of the bill barred federally elected officials, their spouses, and federal judges from issuing digital assets. Critics argued, however, that the language did not adequately address ethical questions tied to President Trump’s extensive crypto holdings and business interests.

    Republican Senator Thom Tillis and Democratic Senator Ruben Gallego, joined by several of their Democratic colleagues, pushed for stronger measures. Their proposal would allow state attorneys general to enforce the law in coordination with the U.S. Department of Justice.

    According to Republican Senators Cynthia Lummis, Tim Scott, and John Boozman, Trump accepted a substantial portion of the proposed framework. They confirmed that the revised text now gives state attorneys general a meaningful enforcement role.

    Presidential Conflict-of-Interest Questions Remain Central

    Senator Angela Alsobrooks of Maryland, considered a key swing vote, said state attorneys general must be able to step in and prosecute when the Justice Department fails to act. She added that she would not support any bill that left ethical risks unaddressed.

    White House crypto adviser Patrick Witt said the administration and Senate Republicans had remained responsive to Democratic policy demands throughout more than a year of negotiations.

    Presidents have historically been exempt from federal conflict-of-interest laws because they oversee the entire government. While some modern presidents have placed assets in blind trusts, Cabinet officials are generally expected to divest or recuse themselves from specific matters.

    Trump’s Crypto Business Draws Continued Scrutiny

    Last year’s stablecoin law prohibited members of Congress and their families from profiting from stablecoin activities, but the restrictions did not extend to President Trump or his family. The White House has said Trump recuses himself from family business decisions handled by his sons.

    According to data referenced in the bill debate, Trump’s crypto-related revenues reached $1.2 billion, with more than $600 million stemming from sales of his branded meme coins through CIC Digital LLC. In May, Trump hosted leading investors in the $TRUMP meme coin at his northern Virginia golf club; the White House said he attended the event in a personal capacity.

    What to Watch Before the Senate Vote

    With the Senate vote looming, the compromise appears designed to satisfy both Democratic critics and Republican supporters. The expanded role for state attorneys general is expected to be central to the debate. How senators align on the measure could determine whether the CLARITY Act advances to final passage.

  • Bitcoin Faces Dual Catalysts This Week: Fed Rate Decision and CLARITY Act Vote

    Bitcoin Faces Dual Catalysts This Week: Fed Rate Decision and CLARITY Act Vote

    Bitcoin enters a volatile week with two major catalysts: the Federal Reserve’s interest rate decision and a Senate vote on the CLARITY Act. Meanwhile, Bitcoin Suisse plans to relocate up to 60 jobs abroad as part of its international expansion strategy.

    Fed Rate Decision Dominates Crypto Market Risk

    The Federal Reserve will announce its September interest rate decision on Wednesday. Markets currently assign an 85% to 90% probability of a 25-basis-point increase. The week’s calendar also includes August retail sales and an auction of 20-year securities, but the Fed decision remains the main event for crypto markets.

    Rate expectations strengthened after August employment data showed 162,000 new jobs—triple the forecasts. Producer inflation accelerated to 5.4% annually, while headline CPI reached 3.4%. Monthly core CPI also came in slightly hotter than expected. At the same time, oil stayed above USD 100, while U.S. diesel prices reached a new record.

    Bitcoin has already fallen from USD 82,400 to below USD 78,000 as rate-hike expectations increased. Crypto prices also fell after Fed Chair Kevin Warsh’s Jackson Hole speech several weeks ago. Traders will watch Warsh’s post-meeting press conference for signals about whether Wednesday’s move stands alone or starts another tightening cycle.

    CLARITY Act Vote Adds Tuesday Catalyst

    Before the Fed decision, the Senate will hold a cloture vote on the CLARITY Act at 2:15 p.m. Tuesday. The motion needs support from 60 senators to advance debate. Republicans released updated legislation last week with new rules for non-decentralized DeFi protocols. The text also clarified how credit unions can participate in crypto activities.

    On Sunday, Republicans published another final draft that included an ethics proposal President Donald Trump supports. That vote places another major policy event immediately before the Fed decision. Bitcoin and altcoins have already shown strong sensitivity to changing policy expectations, and their recent declines came as markets increased the probability of tighter monetary policy.

    Bitcoin Suisse Plans Overseas Job Shift

    Separately, Bitcoin Suisse plans to relocate as many as 60 positions from its Zug headquarters. The company will move mainly back-office and administrative roles to Bratislava or Vietnam. Employees received the plan during a Friday town hall. Bitcoin Suisse will determine the final number after a 10-day consultation, while the first layoffs will begin before year-end.

    Bitcoin Suisse began operations in 2013 with crypto trading and custody before adding staking and lending. It now plans to serve private clients, family offices and institutions. The company has secured a MiCAR license in Liechtenstein, licenses in Bermuda and full regulatory approval in Abu Dhabi. Group CEO Andrej Majcen said international growth now ranks as a priority.

    Majcen linked the relocation to lower operating costs rather than the current crypto downturn. Zug will remain the headquarters, and the Bitcoin Suisse name will continue. The company also remains open to acquisitions in Switzerland as it expands beyond its original focus on the domestic crypto market.

    Final Thoughts

    Bitcoin enters the week with two immediate policy tests: Tuesday’s CLARITY Act vote and Wednesday’s Federal Reserve decision. Meanwhile, Bitcoin Suisse is moving part of its workforce abroad as it expands its international wealth and asset management strategy.

  • Bitcoin Hovers Near $77,081 as CPI Report and Middle East Tensions Test Key Support Levels

    Bitcoin Hovers Near $77,081 as CPI Report and Middle East Tensions Test Key Support Levels

    Market Overview

    Bitcoin steadied near USD 77,081 on Friday, September 11, recovering part of this week’s losses after hotter producer price data and rising Middle East oil tensions fueled caution across risk assets. Today’s US Consumer Price Index (CPI) report, due at 8:30 am Eastern Time, is the market’s key catalyst.

    Ethereum, Solana, and XRP posted modest gains alongside Bitcoin. Zcash surged again, outpacing the broader market by a wide margin on shielded pool demand. Total crypto market capitalization remained near USD 2.61 trillion.

    Bitcoin Price Today

    Bitcoin traded at USD 77,081.66, up 1.5% over the past 24 hours (CoinGecko). Its market cap stood at USD 1.55 trillion. Trading volume reached USD 29.97 billion. Bitcoin gained 4.6% over the past seven days.

    Analyst Commentary

    • CoinSwitch: BTC slipped below USD 77,000 after US producer prices rose 5.4% year on year. A 74% chance of a Fed rate hike this month is priced in. Must reclaim USD 78,000–79,000.
    • Mudrex: Bitcoin extended declines across four sessions, testing USD 76,000–77,000. Nearly USD 190 million in liquidations hit. Support at USD 76,000 must hold.
    • Delta Exchange: Key support USD 75,600–76,200, resistance USD 77,600–78,000. Implied volatility near 40 signals sharp move expected around CPI.
    • WazirX: Broad profit-taking noted. Support USD 76,000, resistance USD 78,000.

    Biggest Gainers and Losers Today

    Zcash led with a 12.4% daily gain, extending its weekly advance past 15%. Hyperliquid rose 5.6%, XRP added 3.1%. No top coin posted a 24-hour decline.

    Crypto News Impacting Prices

    US Producer Prices Fuel Inflation Concerns

    August producer prices rose 5.4% year on year, slightly above forecasts. Fed rate hike odds for this month climbed toward 74%. Bitcoin briefly slipped below USD 77,500.

    Iran-Linked Oil Tensions Keep Crude Elevated

    Crude trading near USD 100/barrel added to inflation worries. Bitcoin remained resilient thanks to steady spot demand.

    CLARITY Act Faces Senate Vote

    The Senate will hold a cloture vote on the CLARITY Act on September 15. A 60-vote threshold is needed. Ethics provisions and stablecoin rewards remain divisive.

    Zcash Rally Continues

    Zcash jumped 12.4% in 24 hours, gaining over 15% weekly. Rising shielded pool adoption and heavy mining demand supported the move.

    Bitcoin Liquidations Near USD 190M

    Bitcoin’s slide toward USD 76,000 triggered close to USD 190 million in liquidations within an hour. Long-term holders’ share of realized profits fell sharply.

    Investor Outlook

    Today’s CPI report is critical. A soft print could ease yields and support a push toward USD 80,000. A hot reading could reinforce hawkish bets and pressure Bitcoin toward USD 75,000. The CLARITY Act vote on September 15 adds a second layer of uncertainty. Desks recommend disciplined position sizing.

    FAQs

    1. What is the Bitcoin price today?

    Bitcoin trades near USD 77,081.66, up 1.5% in 24 hours. Support near USD 76,000, resistance near USD 78,000.

    2. Why is today’s CPI report important?

    The CPI print shapes Fed rate expectations. Cooler reading could support Bitcoin; hotter reading risks hawkish bets.

    3. What is the biggest crypto news today?

    Zcash’s rally past USD 1,000, hotter PPI data, and the CLARITY Act Senate vote.

    4. Which coins are performing best?

    Zcash (+12.4%), Hyperliquid (+5.6%), XRP (+3.1%). No top coin declined.

    5. What should investors watch this week?

    CPI report, CLARITY Act vote, and any escalation in Iran-linked oil tensions.