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Crypto

U.S. House abruptly cuts September session ahead of Clarity Act vote

The U.S. House has cancelled its late-September session, raising the likelihood that action on the Clarity Act, a crypto market structure bill, slips until after the midterm elections. House Republicans cancelled the final two weeks of the September session and plan to return on Sept. 14 for about one week. The Senate returns the same day and is set to hold an initial procedural vote on Sept. 15, but the bill would still require further steps including House approval and a presidential signature.

Crypto

Zcash overheating rattles bitcoin, warning light before past corrections

A sharp surge in Zcash may be flashing a warning signal for the bitcoin market, a report said. CryptoQuant data show a Zcash risk indicator has moved into an extreme zone, raising an alert for bitcoin holders. Analysts pointed to a past pattern in which abnormal Zcash rallies preceded broader market corrections. Derivatives data showed falling trading volumes and a surge in futures selling, alongside heavy leverage in margin positions.

Crypto

White House engages industry as Clarity Act wavers and crypto market splits

The dominant theme in digital assets over the past week was the U.S. Digital Asset Market Structure Act, known as the Clarity Act. As the bill stalls, the White House and regulators expanded direct contacts with the industry. In South Korea, a revised anti-money laundering law takes effect on Aug. 20, tightening entry requirements. Markets also tracked bitcoin’s range near $63,000, sharp debate over its outlook, XRP weakness and growing won stablecoin proof-of-concept activity.