XRP sinks 10% as the Clarity Act fails and bitcoin slides toward $76,000
The Senate's 49-50 procedural vote left the crypto market structure bill 11 short of what it needed, and every major token fell.
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The Senate's 49-50 procedural vote left the crypto market structure bill 11 short of what it needed, and every major token fell.

Cardano's Mastercard partnership opens a new path toward wider payment adoption, but real usage remains the key test.
Analysts told The Block that the crypto market will continue to move with interest rates and the broader monetary environment.

Grayscale has made its XRP ETF one of the largest allocations across its new crypto model portfolios for financial advisors. The XRP fund ranks second only to Grayscale's ether ETF in the bitcoin-excluding Next Gen strategy and third behind its bitcoin and ether funds in the broader Leaders model.

Leading cryptocurrencies tumbled on Tuesday as investors reacted to the CLARITY Act's failure in the Senate and growing expectations of an interest-rate hike Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:26 p.m. EDT) Bitcoin (CRYPTO: BTC) -2.70% $75,843 Ethereum (CRYPTO: ETH) -4.46% $2,403.67 XRP (CRYPTO: XRP) -9.37% $1.28 Solana (CRYPTO: SOL) -5.20% $97.14 Dogecoin (CRYPTO: DOGE) -4.39% $0.08012 Crypto Market Plunges Bitcoin sank below $74,000, alongside a 27% drop in 24-hour trading volume.

The 69-day rollout spans Kansas uniforms, Florida's football field and Louisville basketball, but stops short of token adoption.

Bitcoin, Ethereum and XRP hit fresh selling pressure following the failure of the U.S. Senate to pass CLARITY Act. A process vote on the bill was unsuccessful with fewer than 60 votes.

Ripple has signed a multi-year partnership with the University of Louisville athletics program that will place XRP branding on the school's basketball court. The XRP logo will appear permanently on Denny Crum Court at the KFC Yum! Center, where Louisville's men's and women's basketball teams play home games.

Ripple and MicroStrategy told investors nothing legal changed for XRP and Bitcoin (BTC) after the Senate blocked the CLARITY Act on Tuesday. The bill would have written crypto's US market rules into federal law.

The bug could have let a malformed signer setup pass validation without requiring the private keys of every other account involved.

Ethiopia has cut electricity deliveries to bitcoin miners by 75%, leaving them with just 23% of contracted power after El Niño reduced reservoir inflows by roughly 20%. The twist is that miners had become one of Ethiopian Electric Power's biggest customers, consuming roughly a third of its electricity and supplying about 35% of revenue.

Ethereum holders are withdrawing ETH from exchanges at an unprecedented pace. According to Santiment data, the supply available on trading platforms dropped 73% from its June 2020 peak, when 22.9 million ETH were circulating in those environments. Today, only 6.

Nearly every major bank now expects the Fed to raise rates for the first time in three years. Markets have mostly priced it in, but the political fallout could run deeper than one hike.

Ethereum (ETH) and Base developers have ended a months-long attempt to merge two competing account abstraction designs into a single standard. The talks, which sought to reconcile Base-led EIP-8130 with Ethereum's EIP-8141, known as Frame Transactions, collapsed last week.

BlackRock accumulated over $1.08 billion in Bitcoin over the last 20 days, according to data from Arkham Intelligence, consolidating its position as one of the corporations with the largest BTC holdings globally.