Author: NBTC

Today, the Senate did not move forward with the CLARITY Act, a significant piece of legislation aimed at clarifying the regulatory framework for digital assets. Grayscale, which highlighted this news via Twitter, remains dedicated to collaborating with regulators like the SEC and CFTC to develop comprehensive rules for the industry. This setback underscores the complexities of advancing crypto policy in the U.S. source. Breaking It Down The failure to advance the CLARITY Act indicates ongoing hurdles for crypto legislation in the U.S. Despite this, Grayscale’s commitment to drive clear regulatory frameworks is noteworthy. The broader crypto market currently reflects mixed…

BitMart has launched a dedicated user engagement portal for questions about withdrawals and its future plans, giving customers a formal channel to submit concerns as financial adviser Alvarez & Marsal reviews the exchange’s position. According to BitMart’s official announcement, the portal will collect questions, concerns and feedback covering withdrawal arrangements, the exchange’s action plan and its future direction. Submissions will be considered as part of an assessment being conducted by BitMart, Alvarez & Marsal and the company’s legal advisers. The portal comes one week after BitMart appointed Alvarez & Marsal as its financial adviser on Sept. 9. As crypto.news previously…

Bitcoin and altcoins experienced sharp declines following the failure of the Clarity Act to pass in the US. While the question now is whether the decline will continue, analysts have begun to suggest a bottom has been reached. Firstly, a CryptoQuant analyst using the pseudonym IT Tech noted that a pattern seen in past lows in the Bitcoin market is re-emerging. Long-Term Bitcoin Holdings Are Increasing! The analyst noted that with the increase in long-term Bitcoin holdings, a pattern seen in past market lows is re-emerging. The CryptoQuant analyst stated that the key metric in this cycle is the $BTC…

SpaceX stock has gained about 2% after JPMorgan retained its Overweight rating and $240 price target, implying roughly 75% upside from recent trading levels. SpaceX stock gets a $240 price target JPMorgan analyst Doug Anmuth has maintained an Overweight rating on SpaceX and a $240 price target, telling investors that the bank has become “increasingly positive” about the prospects for Grok following the Cursor acquisition. Based on SpaceX’s recent share price, the target indicates potential upside of about 75%. SPCX rose around 2% in Tuesday’s premarket session and traded near $138 during the regular session, compared with its previous close…

The U.S. Senate’s failure to advance the Clarity Act today marks a significant setback for the digital asset industry, as highlighted by Ripple’s recent statement. Ripple underscored the missed opportunity for American consumers and the broader digital landscape, emphasizing the ongoing need for clear rules in the sector. As Ripple noted, the necessity for regulatory clarity remains urgent despite this legislative setback. The Key Development The broader crypto market is currently exhibiting mixed signals with varying momentum across major assets. Trading volumes for $XRP remain stagnant, reflecting the uncertainty stemming from the Senate’s decision. Ripple’s firm stance reinforces its commitment…

Bybit has launched Bybit Odds, a fixed-return crypto price contract product that lets users take views on Bitcoin and Ether without leverage or liquidation risk. According to a Sept. 16 announcement shared with crypto.news, the product lets traders allocate a defined amount of $USDT to a price view and see the potential return before placing an order. The amount committed to each position represents the maximum amount that can be lost, with trades starting from 5 $USDT. Bybit Odds is initially available for $BTC and $ETH and offers three contract formats covering price direction, specific targets and trading ranges. Contracts…

Bitcoin price fell toward $75,500 after the U.S. Senate rejected the CLARITY Act, while bearish momentum and nearby liquidation clusters raised the risk of another decline before the Federal Reserve’s rate decision. According to data from crypto.news, Bitcoin ($BTC) price traded at approximately $75,940 at press time, according to the 4-hour chart. The price had recovered slightly from an intraday low of $75,350 but remained under pressure after the CLARITY Act failed to advance in the U.S. Senate. The procedural vote ended 49-50, leaving the proposed crypto market structure legislation 11 votes short of the 60 required to move forward.…

Zerohash, the crypto infrastructure company that serves high-profile partners such as Morgan Stanley’s E*Trade, BlackRock and Stripe, returned to the applicant pool for a U.S. banking charter after the federal regulator handed back its first effort. The U.S. Office of the Comptroller of the Currency, which regulates and charters national banks and trust companies, had formally returned the Chicago-based firm’s first application last month, meaning the effort had some material deficiencies. But Zerohash said it would be quickly starting a new application with a significantly narrower focus. That trust application is now awaiting the OCC’s review, and a public comment…

The failed vote on the CLARITY Act has drawn attention from Gemini, which recently commented on the implications for market sentiment. Their tweet highlights the ongoing reaction to this regulatory setback, showing how it affects trader confidence. As the market grapples with mixed signals, understanding these dynamics is crucial for navigating future trends. What Went Down In the wake of the CLARITY Act vote failure, the cryptocurrency market is experiencing noticeable shifts in sentiment. Gemini’s tweet, which reflects a personal observation of the ‘red candles’ following this event, underscores the emotional landscape among traders. Currently, the broader crypto market is…

MoneyGram has launched a stablecoin-backed card, a significant development that underscores the increasing integration of cryptocurrencies into mainstream financial services. This move, highlighted by a tweet from @upbitglobal, may shift how consumers utilize digital assets for everyday transactions. As the digital payments landscape evolves, this could enhance MoneyGram’s competitive edge in the financial services market. What Went Down The crypto market just witnessed a sharp move as MoneyGram announced its new stablecoin-backed card, aiming to provide customers with a seamless way to transact using digital currencies. This development arrives amid a broader altcoin rotation, where interest in various cryptocurrencies is…