Bitcoin has fallen to around $75,600 over the past 24 hours as the failed US Senate vote on the CLARITY Act, rising Treasury yields and leveraged liquidations hit the market hours before the Federal Reserve’s interest rate decision. Per CoinGecko data at press time, $BTC was trading at $75,601 down 1.3% over 24 hours and
Bitcoin returned to the $75,000 support zone after the U.S. Senate failed to advance the CLARITY Act, while risk-off pressure hit crypto markets. The Senate rejected cloture on H.R. 3633 by 49-50, falling short of the three-fifths threshold required to advance the bill. As the vote appeared headed for failure, Bitcoin fell more than 5%,
As the countdown continues for the Fed’s September interest rate decision, the prevailing market expectation is for a 25 basis point rate hike. Market forecasts are pricing in an 88-90% probability of a Fed rate increase, and besides the decision itself, investors will also focus on the messages from Fed Chairman Kevin Warsh and the
Anchorage Digital Bank, the first federally chartered crypto bank in the US, has added custody support for Etherlink and seven assets on the Tezos layer-2 network, including xU3O8, a token representing physical uranium. The other supported assets include wrapped XTZ (WXTZ), liquid staking token stXTZ, stablecoins USDT, USDC and USDSM, and wrapped Ether (WETH), according
Cosmos has unveiled its Partner Network, which unites 17 organizations aiming to accelerate digital asset initiatives for financial institutions. This move, highlighted in a tweet by @cosmos, signifies a strategic collaboration that could reshape the landscape of financial services. The implications of this partnership could extend beyond mere innovation, potentially influencing adoption rates in the
Bitcoin is gaining market share as $BTC dominance holds near 59.46%, while TOTAL2 has fallen toward $1.04 trillion. This divergence confirms stronger relative performance for Bitcoin, although it does not prove that fresh capital is flowing directly into $BTC. TradingView calculates $BTC dominance by dividing Bitcoin’s market capitalization by the total value of its top
Bitcoin has failed to activate every proposed soft fork since Taproot went live in 2021, leading Drivechain creator Paul Sztorc to argue that the network cannot approve any such upgrade for the foreseeable future. Paul Sztorc, CEO of LayerTwo Labs and creator of the Drivechain proposal, told crypto.news that BIP-110’s failed activation points to a
Polygon has taken a significant step by integrating Arc into its Open Money Stack, enabling seamless crosschain payment capabilities. This collaboration allows users to move $USDC between multiple networks, including Ethereum and Solana, in just one click. Such advancements are poised to enhance user experience in onchain transactions, as noted in Polygon’s announcement here. Inside
Aave’s Arc is purpose-built to enhance real-world financial flows, officially launching today. The platform features a Core Hub and two distinct markets designed for stablecoins, including $USDC and $EURC. This initiative aims to bridge the gap between decentralized finance and traditional financial systems, allowing for more efficient transactions and lending opportunities. For further details, see
Arc has officially launched its mainnet, integrating Chainlink services from day one. This collaboration significantly enhances Arc’s infrastructure by providing cost-efficient access to institutional-grade oracle technology, including CCIP and Data Feeds. The integration is expected to bolster confidence among developers and users in the Arc ecosystem. For more details, you can view the announcement on