Crypto Industry News & Market Trends

Crypto Reacts: Bitcoin Slides as Clarity Act Fails to Clear Senate Vote

In briefThe Senate failed to invoke cloture on the Digital Asset Market Clarity Act Tuesday, after 50 senators voted against it.Bitcoin slid from a session high near $77,200 to a low around $75,600 as the no votes mounted, before paring losses to trade near $75,800, down about 3.2% on the day.The Digital Chamber, a crypto trade group, called the result a “setback” rather than a defeat and said it would keep pushing for the bills passage.　　The Senate failed to invoke cloture on the Digital Asset Market Clarity Act Tuesday afternoon, falling short of the 60 votes needed to advance the bill to debate. Senators voted 49 in favor and 50 against, dooming the bill that needed at least seven Democrats to cross over.　　The crypto market did not like the outcome, as you might expect, with Bitcoin sliding as the “no” votes came in and the bills outcome looked certain. Bitcoin is down 1.3% in the last hour during the vote, and almost 4% on the day, as it trades around $76,000.　　Myriad: Will Congress pass the Clarity Act？ Click to make your prediction.　　Tuesdays vote was a cloture motion on H.R. 3633, not a final vote on the bill itself. Cloture only

09-16Industry

How US Authorities Tracked $1.5B in Iranian Oil Crypto Flows

Prosecutors seek $61 million in crypto tied to a $1.5 billion illicit Iranian oil network.The DOJ said Hong Kong firms used Binance accounts to handle Iranian oil funds.Blockchain analysis linked addresses via transaction patterns and token flows.　　US prosecutors want to seize about $61 million in crypto they say is linked to a much bigger network that moved more than $1.5 billion from illegal Iranian oil sales.　　According to the US Department of Justice, the operation involved two Hong Kong-based companies, Blessed Trust and Hexa Whale, which allegedly used Binance crypto trading accounts to handle money from Iranian oil and petroleum sales. Prosecutors say the funds ultimately went to the Iranian government, Irans Islamic Revolutionary Guard Corps (IRGC), and related groups.　　How the $1.5 Billion Was Moved　　Reportedly, the scheme started with Iranian oil being sold to buyers in China. The DOJ stated that Iranian players often use shell companies, middlemen, and a shadow fleet to move sanctioned oil by using fake paperwork and doctored shipping records to hide the origin of the crude.　　The proceeds then entered a network of cryptocurrency companies and wallets. Blessed Trust supposedly provided on-ramp services, converting fiat currency into cryptocurrency, while Hexa Whale presumably performed similar functions while presenting

09-16Industry

CLARITY Act Made 126 Concessions and Still Couldn't Get 60 Votes

Key TakeawaysCLARITY Act cloture failed Sept. 15 after the opposition reached 41 votes.Mitch McConnell returned to Washington and voted to advance H.R. 3633.CLARITY Act sponsors offered 126 changes, but Democrats still balked.　　The CLARITY Act Finally Reached the Senate Floor　　After more than a year of negotiations, hundreds of pages of legislative text, and a weekend scramble to keep the deal alive, the CLARITY Act finally got its Senate moment Tuesday afternoon. It didnt last long.　　At approximately 2:15 p.m. ET, senators voted on cloture for the motion to proceed to H.R. 3633. This wasnt the final passage. It was essentially permission to open the door and begin debating the bill, and Senate rules required 60 votes to do it.　　Once the unofficial floor tally reached 41 nays, however, the arithmetic was brutal. Even if every remaining senator voted yes, the ceiling was 59. Game over.　　Discover more　　Merchant Services & Payment Systems　　Digital Currencies　　News　　McConnell Returned and Voted to Advance It　　One of the more striking votes came from Mitch McConnell. The 84-year-old Kentucky Republican returned to the Senate this week after roughly three months away following a June fall, hospitalization and recovery.　　McConnell voted to advance the Crypto CLARITY Act, giving Republicans another vote toward the 60 needed

09-16Industry

Higher Rates, Divergent Fates: Banking And Insurance's New Winners

Monetary tightening does not lift all boats equally.　　getty　　For over a decade, financial institutions have in the U.S. have operated in a world of very low interest rates. When central banks started to reverse course to combat stubborn inflation, they shattered the structural paradigms that defined modern banking and insurance. While a rising rate environment is often superficially categorized as a net positive for financial sectors, a deeper look reveals a highly fragmented landscape. However, monetary tightening does not lift all boats equally. Instead, it creates stark, existential fault lines between diversified giants and concentrated players, and between long-duration asset managers and short-tail underwriters. Understanding these mechanics is essential for financial institution risk managers, financial regulators, and investors in bank and insurance securities.　　The Battle for Capital: GSIBs vs. Regional Banks　　To understand the impact of monetary policy on banking, one must look directly at the balance sheet‘s liability side. The core engine of bank profitability is the net interest margin (NIM)—the spread between what a bank earns on loans and what it pays to depositors. In a rising rate environment, this spread hinges entirely on a single metric: the deposit beta. This represents the percentage of a central bank’s rate hike that

09-16Industry

Crypto Clarity Act flames out in failed U.S. Senate vote

Negotiators for the two political parties had hashed out more than 600 pages of legislative compromise, but a few final sections of the bill — such as the ethics provisions meant to curtail senior government officials from maintaining crypto business ties — turned out to feature insurmountable rifts. And the closer the process dragged toward the elections, the more likely it was that political pressures would get in the way of a bipartisan deal.　　The Senate vote on the Clarity Act failed to win the 60 votes it needed. (U.S. Senate)　　Leading Republican negotiator Senator Cynthia Lummis made the final pitch before the vote, but she failed to convince enough colleagues to join her.　　“Do not let this day be the day we handed our future to someone else because we were too afraid to finish what we started,” she said on the Senate floor. “Lets vote yes. Lets not only join the 21st Century economy. Lets not only join the digital age. Lets lead it. Lets define it.”　　So what now？　　The industry will turn to the U.S. market regulators who are already at work trying to impose rules on the sector.　　The Securities and Exchange Commission and the Commodity Futures Trading Commission have started

09-16Industry

X launches US Cashtag Program with Coinbase and Kraken

X has launched its U.S. Cashtag Partner Program with five brokerage platforms, giving users a direct route from stock, ETF, and cryptocurrency discussions to eligible trading services.　　SummaryFive partners include Coinbase, Gemini, Kraken, Interactive Brokers, and Moomoo.Supported cashtags now display a “Trade” option that redirects users to a participating platform.U.S. users must complete transactions through the selected brokerage rather than directly on X.X has added the program after introducing interactive price charts and financial data through smart cashtags.　　X Cashtag Program connects tickers with trading platforms　　X said in an official announcement that the Cashtag Partner Program has gone live in the United States with Coinbase, Gemini, Kraken, Interactive Brokers, and Moomoo as its first participants.　　When users tap a supported cashtag, they can view information tied to the stock, ETF, or cryptocurrency represented by the ticker. A new “Trade” option then lets them choose an available brokerage partner and continue the transaction on that companys platform.　　X does not appear to be executing the trades itself under the arrangement described in the announcement. Instead, the social platform connects users with participating financial companies, where account requirements, identity checks, asset availability, and other trading conditions apply.　　You might also like:　　Vitalik Buterin urges Elon Musk to remake

09-16Industry

Clarity Act Stalls in Senate as Crypto Bill Fails to Clear Key Vote

In briefSenators voted down cloture on the motion to proceed to the Clarity Act.The vote concerned a procedural step toward considering the bill, not final passage.Todays result followed months of negotiations over crypto ethics rules and stablecoin rewards.　　The U.S. Senate on Tuesday failed to clear a key procedural hurdle for the Clarity Act, setting back efforts to establish a federal framework for crypto markets.　　Senators voted to reject cloture on the motion to proceed—a step that limits debate on whether to take up the legislation and requires 60 votes.　　Myriad: Will Congress pass the Clarity Act？ Click to make your prediction.　　The Clarity Act would establish rules for crypto markets, essentially legalizing most crypto activity in the United States, and clarify the respective responsibilities of the Securities and Exchange Commission and Commodity Futures Trading Commission.　　Tuesdays result effectively blocks further consideration of the Clarity Act in the Senate. And, according to the bills biggest supporter in Congress, Wyoming Senator Cynthia Lummis, todays failure to reach cloture means the bill is all but dead. “Its over,” she said earlier today.　　The vote followed a delay until after the Senates August recess, as lawmakers negotiated disputes over stablecoin rewards, safeguards against illicit finance, and ethics restrictions covering

09-16Industry

Bitcoin price defends $76K amid weak trend strength

Bitcoin price slipped below $76,000 before recovering toward $76,900, with weak momentum and dense liquidation zones leaving the price vulnerable ahead of the CLARITY Act vote and Federal Reserve decision.　　SummaryBitcoin price fell as low as $75,605 before recovering toward $76,900.The daily Supertrend remains bullish while 4-hour momentum lacks a clear direction.Liquidation clusters sit near $75,000 below and between $77,600 and $78,500 above.Analysts view $75,500–$76,000 as the key zone separating a rebound from a deeper fall.　　Bitcoin price rebounds after falling below $76,000　　According to data from crypto.news, Bitcoin (BTC) price traded near $76,863 at the time of writing after dropping 1.7% during the session. The cryptocurrency opened at $78,189, reached an intraday high of $78,250 and briefly fell to $75,605 before buyers pushed it back above $76,000.　　The decline extended Bitcoins retreat from the $79,000–$80,000 region, where several recovery attempts have stalled since late August. Price action has since formed lower highs, showing that sellers remain active during rebounds.　　Political uncertainty surrounding the Digital Asset Market Clarity Act contributed to the cautious mood. The U.S. Senate was preparing for a procedural vote requiring 60 votes to advance the legislation, while reports of disagreement between Democrats and Republicans reduced confidence in a deal.　　Traders were also

09-16Industry

Vera Therapeutics (VERA) Stock Surges Following Promising ORIGIN3 Trial Results

TLDRShares of Vera Therapeutics increased 4% to $35.39 following the release of positive two-year ORIGIN3 trial results for TrutaknaThe kidney drug demonstrated the ability to slow kidney function decline to rates comparable with normal aging in IgA nephropathy patientsThe biotech company intends to submit a supplemental Biologics License Application during Q4 for full regulatory approvalTD Cowen maintained its Buy recommendation with a $78 price objective after reviewing the clinical dataDespite Tuesdays gain, VERA shares remain down 34% year-to-date amid competition from Vertex and Otsuka　　Vera Therapeutics experienced a 4% share price increase to $35.39 on Tuesday following the publication of two-year clinical data from the ORIGIN3 study evaluating Trutakna, providing a positive catalyst for a stock that has faced headwinds throughout 2026.　　Vera Therapeutics, Inc., VERA　　The clinical trial enrolled participants diagnosed with immunoglobulin A nephropathy, a progressive kidney disease characterized by abnormal IgA antibody deposits that impair the glomerulis filtration capacity. Study findings demonstrated that Trutakna reduced the pace of kidney deterioration to levels seen in normal physiological aging, representing a significant therapeutic achievement.　　Discover more　　Access Premium News　　Finance　　Compare Exchange Rates　　The annualized estimated glomerular filtration rate (eGFR) slope difference compared to placebo measured +5.0 mL/min/year. Treatment with Trutakna resulted in a two-year annualized eGFR

09-16Industry

Anthropic Puts Claude On Small Business Sales After 900,000 Installs

NEW YORK, NEW YORK – FEBRUARY 16: In this illustration, the Claude AI app is seen in the app store on a phone on February 16, 2026 in New York City. According to reports from the Wall Street Journal, the Defense Department used Anthropics Claude Ai, via its Palantir contract, to help with the attack on Venezuela and capture former President Nicolás Maduro. (Photo illustration by Michael M. Santiago/Getty Images)　　Getty Images　　Anthropic spent the summer asking small business owners what they wanted its AI to do next. About a third of them gave the same answer: help me sell. On Tuesday the company responds with 43 new workflows and 27 new integrations for Claude for Small Business, the plugin it launched in May, taking it from bookkeeping and invoice chasing into lead follow-up, proposals and marketing campaigns.　　The plugin runs inside Claude Cowork, Anthropics desktop app, and has been installed more than 900,000 times since its May 13 launch, according to the company. That first version shipped with 15 workflows and connectors to Intuit QuickBooks, PayPal, HubSpot, Canva and Docusign. The new release adds Shopify, Salesforce, TikTok Ads, Xero, Gusto, Square and Stripe, among others, for a total of 37 partner connectors,

09-16Industry

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