News
The day at a glance · 5 min read
Mood · Cautious
+25
Sentiment, −100 to +100
Bitcoin Price
$79,000
Ethereum Support
$2,360
Ethereum Resistance
$2,560
Key driverMarket awaits Senate CLARITY Act vote on September 15 while Bitcoin on-chain metrics show sustained profitability despite ongoing regulatory uncertainty
Daily briefCrypto & Web3· Money365.Market AI ·

Bitcoin Holds Above $79K as CLARITY Act Vote Looms

Senate procedural vote on crypto regulation scheduled for September 15; Bitcoin SOPR metric shows longest profit run of 2026

Bitcoin & Ethereum

Neutral

Zcash ETF Inflows

$500M
BTCETH
Bitcoin held above $79,000 as the aggregate on-chain profit metric entered its fourth week, marking the longest profit run of 2026 according to Cointelegraph. A popular analyst warned that BTC price downside risk remained in place despite the sustained profitability shown by the SOPR metric.
Ethereum remained stuck in a tight range between the 2,360 support level and the 2,560 resistance level, with technical analysts watching for a breakout. If the price breaks to the downside, sellers may target a drop into the major trendline around the 2,100 level, while a break higher could see buyers targeting the 3,400 level next. Market participants appeared to be waiting for the US CPI release later this week before making significant directional bets.
Zcash recorded a $500 million ETF haul, according to CoinDesk, as Bitcoin recovered toward $79,000. The inflows into the privacy-focused cryptocurrency's exchange-traded fund products highlighted continued institutional interest in alternative digital assets beyond Bitcoin and Ethereum.

Crypto Stocks

Neutral

Strategy Bitcoin Holdings

845,050 BTC

CLARITY Act Vote Date

Sep 15

HOOD Price Target

$140+19%
MSTRCOINHOOD
Strategy Inc ($MSTR), which holds 845,050 Bitcoin, launched $250 Bitcoin-themed Nike Air Jordans through its official merchandise store. Despite the Bitcoin branding, the store does not currently offer cryptocurrency as a payment option, requiring cash purchases only. The limited edition sneaker drop sold out.
Coinbase Global ($COIN) policy chief Faryar Shirzad told crypto advocate Scott Melker that he remains cautiously optimistic the CLARITY Act can clear a critical Senate procedural vote scheduled for September 15. Shirzad said the CLARITY Act faces two potential outcomes: the bill could fall just short of the 60 votes required for cloture, or a late bipartisan shift could provide enough support to advance. Coinbase is not assuming all 53 Senate Republicans will back the CLARITY Act, which means Democratic votes are essential to reach the required threshold.
Robinhood Markets Inc ($HOOD) received a price target increase from Jefferies, which raised its target to $140 from $127 and maintained a Buy rating, representing potential upside of more than 19% from its last close according to The Fly. The brokerage firm that offers cryptocurrency trading saw analyst optimism despite broader market caution.

Regulation & Policy

Neutral
COIN
The CLARITY Act faces a critical Senate procedural vote scheduled for September 15, with Coinbase Global ($COIN) policy chief Faryar Shirzad indicating the bill could face two potential outcomes. The legislation needs 60 votes for cloture, and Coinbase is not assuming full Republican support, making Democratic votes essential. A late bipartisan shift could provide enough support to advance the crypto regulatory framework, though the outcome remains uncertain.
India's financial intelligence unit flagged 15 crypto platforms for anti-money laundering lapses, according to CoinDesk. The regulatory action highlighted ongoing global enforcement of AML compliance standards in the cryptocurrency sector, particularly in major Asian markets where digital asset adoption has grown rapidly.
Iran eased currency rules to bypass US sanctions with crypto, the Financial Times reported. Exporters can now fund imports with overseas earnings without first selling their foreign currency at official rates, marking a significant shift in how the country manages international trade flows under sanctions pressure.
Gemini received a Singapore payment license for crypto services, with its local entity authorized to provide digital payment token and cross-border money transfer services without standard transaction-volume limits. The regulatory approval followed Singapore's continued development of its comprehensive digital asset framework.

Institutional Adoption

Neutral

Crypto Theft Conspiracy Value

$245M
Jack Dorsey's Block sought a US trust bank charter for Bitcoin and stablecoin services through its proposed Builders Bank. The proposed institution would offer federally supervised digital asset custody but would not accept deposits or issue loans, representing a specialized banking structure focused exclusively on cryptocurrency custody services under federal oversight.
Former Silvergate CEO Alan Lane said a coordinated attack by the Biden administration made Silvergate's continued operation untenable and prompted its liquidation in 2023. Lane blamed Biden administration pressure for the crypto-focused bank's wind-down, characterizing it as politically motivated regulatory action that forced the institution to cease operations.
US prosecutors said Malone Lam organized an international network that targeted cryptocurrency holders through social engineering and home break-ins, with Lam pleading guilty in a $245 million crypto theft conspiracy. The case highlighted ongoing security risks facing individual cryptocurrency holders from sophisticated criminal operations spanning multiple jurisdictions.

Looking Ahead

Neutral

Brent Crude

$100
COIN
The US CPI report scheduled for release later this week will likely drive near-term price action for Bitcoin and Ethereum. Technical analysts noted that unless there is a surprising breakthrough in US-Iran relations, price action will likely remain mostly rangebound or slightly negative as traders hedge into the inflation data release.
The September 15 Senate procedural vote on the CLARITY Act represents a critical test for crypto regulatory legislation in the US.
Coinbase Global ($COIN) policy chief Faryar Shirzad indicated the outcome remains uncertain, with Democratic support essential to reach the 60-vote threshold needed for cloture.
Energy markets showed volatility with Brent crude hitting $100 for the first time since July, which could impact crypto mining economics and broader risk sentiment. The intersection of rising energy costs and cryptocurrency mining profitability will be closely watched by investors in mining equities.

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