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Crypto
Coinbase, Circle and Strategy slide as U.S. Clarity bill stalls in Senate
The U.S. Clarity bill, a cryptocurrency market-structure proposal, failed to clear a Senate hurdle, putting the spotlight back on regulatory uncertainty surrounding Coinbase. The bill did not secure the 60 votes needed to open floor debate on Sept. 16, Cointelegraph reported. After the vote, shares of Coinbase, Circle and Strategy fell 5 to 10 percent and remained weak the next day. Analysts also differentiated impacts across firms, while tokenisation expectations, staking-driven returns and security concerns around AI drew attention.
Crypto
Saxo Bank says crypto regulatory uncertainty raises pressure on Coinbase
Saxo Bank said Coinbase is most directly exposed to uncertainty after a U.S. Senate procedural vote failed to advance debate on the CLARITY Act. Strategist Ruben Dalfo said the bill would shape market structure issues such as registration requirements, which assets can trade and who can participate, directly affecting exchanges. After the vote failed, shares of Coinbase, Circle and Strategy fell 5 to 10 percent, with further declines early the next day.
Crypto
Bitcoin up 24 percent in August, strongest since 2017 despite U.S.-Iran clash
Bitcoin posted its strongest August rise since 2017, gaining more than 24 percent to trade around $78,000, despite renewed U.S.-Iran military clashes and a hawkish turn by the Federal Reserve. Brent crude climbed to around $91 a barrel after strikes and retaliation, stoking inflation worries. Analysts said oil supply disruption risks remain limited. Market data showed spot trading volumes stayed weak, though activity stabilized and some exchanges saw modest month-on-month increases.
