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Crypto

Clarity Act faces last-minute hurdles as Galaxy Digital CEO travels to Washington

Prospects for the CLARITY Act, seen as key legislation for the U.S. crypto market, are tied to three issues: the scope of regulation for Web3 developers, resistance from law enforcement agencies and a tight congressional schedule. Galaxy Digital CEO Mike Novogratz went to Washington for urgent meetings, aiming to pass the bill within 4 weeks before the summer recess. Polymarket odds for passage in 2026 fell to 48 percent from 62 percent.

Crypto

XRP $1 level at risk as altcoin market enters 'panic zone'

XRP has slid to just above $1, heightening market tension over whether key support will break, while other major altcoins show continued downtrends alongside early rebound attempts. XRP trades near $1.12 after breaking a months-long descending triangle and key horizontal support, with indicators pointing to further weakness. Ethereum remains in a downtrend but has stabilised near $1,600 after a sharp fall. Cardano dropped to $0.16 after breaking support, with extreme oversold readings and resistance levels limiting upside.

AI & Enterprise

OpenAI considers mega data centre in Ohio backed by Nvidia

OpenAI is seeking to lease a 10-gigawatt AI data centre in the U.S. state of Ohio, a move that could rank among the largest single-site AI computing infrastructure investments if completed. Discussions are based on funding support from Nvidia. The proposed location is the former Portsmouth gas diffusion plant site in Pike County. OpenAI’s Stargate project has secured about 7 gigawatts across seven sites as of September 2025.