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U.S. Senate Republicans move CLARITY Act to floor, with 60 votes biggest hurdle

U.S. Senate Republicans are moving quickly to bring the cryptocurrency market structure bill known as the CLARITY Act to the Senate floor as early as this week, but securing the 60 votes needed for final passage remains the biggest obstacle. The next step hinges on whether Majority Leader John Thune will initiate cloture. Democrats have raised concerns about ethics rules and DeFi, while Republican unity is not assured.

Crypto

Shiba Inu slides after 37 percent two-day surge as whale transactions jump

Shiba Inu (SHIB) fell after jumping 37 percent over two days, as retail investors increased momentum buying while large-holder transactions also surged, U.Today reported. Santiment data showed social media attention and social dominance rose to 0.084 percent, the highest since April, but retail interest peaked as the rise began to slow. The network logged 52 transactions of $100,000 or more in 24 hours, the most since late March. Concentrated holdings include burn and exchange wallets.

Crypto

Dogecoin short-term golden cross spotted, rebound to $0.16 possible

Dogecoin has formed a short-term golden cross on an hourly basis, signaling a near-term rebound. U.Today reported that Dogecoin’s 50-day moving average crossed above its 200-day moving average. After a weekend rally, it was last down 0.93 percent over 24 hours at about $0.072. Analyst Ali cited buy signals across multiple timeframes and pointed to $0.056 as key support, with $0.16 as a potential rebound level.