
Ethereum Signals 10% Drop Against Bitcoin Amid CLARITY Act Setback
Ethereum risks a 10% drop against Bitcoin as a bearish double top, CLARITY Act setback, and surging Binance inflows weigh on ETH.
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Ethereum risks a 10% drop against Bitcoin as a bearish double top, CLARITY Act setback, and surging Binance inflows weigh on ETH.

Deutsche Bank plans to launch European digital asset custody this year, initially supporting bitcoin, ether, and select stablecoins.

The declining Coinbase premium signals potential shifts in US institutional sentiment, impacting Bitcoin's market dynamics and global positioning. Bitcoin's Coinbase premium sinks to one-month low as US buying interest fades.
Cardano (ADA) traded near $0.1900 on Wednesday after falling 5% during the previous session and breaking below an important cluster of technical support levels. Declining transaction activity, weaker network revenue, and falling futures open interest indicate reduced demand for ADA. Technical indicators also favor sellers, placing the next major support near $0.1647—approximately 15% below the current price. Cardano transaction count falls by more than half Activity across the Cardano ecosystem has weakened considerably in recent weeks, according to Messari data. The network processed 14,536 transactions on Tuesday, down from 40,063 on August 21. That represents a decline of approximately 64%.

Kamino, a prominent lending platform on the Solana blockchain, has selected Michael Weisz to serve as chief executive officer. This strategic appointment signals the protocol's ambition to bridge decentralized finance with conventional financial institutions and asset management firms.

Deutsche Bank plans institutional crypto custody this year, supporting Bitcoin, Ether, USDC, EURC and EURAU after regulatory steps.

US stock futures advanced modestly during Wednesday's early trading session as market participants prepared for the Federal Reserve's monetary policy decision, which is overwhelmingly expected to deliver the first interest rate increase since 2020.

BitMEX co-founder Arthur Hayes has dismissed the CLARITY Act's importance to Bitcoin's next major rally, arguing that liquidity and broader macroeconomic conditions will matter far more than new U.S. crypto legislation.

Solana activates Transaction V1 upgrade, raising max transaction size to 4,096 bytes and boosting capacity for developers by 3.3x.

Bitcoin fell as much as 5% to $76,110 after the Senate failed to advance the CLARITY Act. Ether dropped more than 8%, while smaller tokens also sold off hard.

Ethereum (ETH) transaction volumes spiked in the last three months following a general upward trend in crypto traders' sentiment.

Senate rejects CLARITY Act cloture vote 49-50 over ethics disputes; Bitcoin falls below $76,000 as SEC and CFTC vow to keep building crypto rules.

XRP dropped about 10% to $1.29 after the U.S. Senate blocked the CLARITY Act, the steepest fall among major crypto assets. The Steepest Drop on the Board XRP seems to have bore the brunt of the recent market bloodbath the worst, with the token falling to $1.29, a slide of roughly 7.

The Clarity Act was rejected in the U.S. Senate on Tuesday, leading to a sharp drop in the Bitcoin price down to $75K. A 25 bps hike is expected to be announced in the Federal Reserve FOMC meeting later on Wednesday.

Senate's failed CLARITY Act cloture vote triggers $571M in crypto liquidations as Bitcoin and Ether longs lose $380M combined.