News
The day at a glance · 3 min read
Mood · Risk-Off
-65
Sentiment, −100 to +100
BTC Support Level
$75,500
Regulation & Policy
Alleged Trading Profits
$50,000
Regulation & Policy
Bitcoin ETF Outflows
$450M
Bitcoin & Ethereum
Key driverFailed Senate vote on CLARITY Act regulatory framework triggered selling pressure across crypto assets and related equities.
Daily briefCrypto & Web3· Money365.Market AI ·

Crypto Slides on CLARITY Act Defeat, FOMC in Focus

Bitcoin ETFs post largest outflow since June as regulatory setback compounds macro uncertainty ahead of Fed decision.

Regulation & Policy

Bearish
The Senate failed to pass the CLARITY Act cloture vote, dealing a significant setback to comprehensive crypto market structure legislation. Bitcoin briefly fell below the key $75,500 support level following the vote, with the regulatory uncertainty weighing on sentiment. With a more divided Congress expected after the midterms, comprehensive crypto market structure legislation is unlikely to advance again this year.
Two former Robinhood engineers have been charged with insider trading using Hyperliquid perpetuals ahead of token listings. The former employees allegedly earned more than $50,000 each by trading perpetuals before Robinhood announced new token listings, according to charges filed by U.S. authorities.
The European Central Bank is seeking online merchants for a digital euro pilot program launching in the euro area. Euro-area online and mobile merchants can apply until Oct. 27 to test beta digital euro payments in a 12-month pilot scheduled for the coming year.

Bitcoin & Ethereum

Bearish
COIN
Bitcoin ETFs recorded $450M in outflows, marking the largest withdrawal since June as regulatory setbacks combined with macro uncertainty. The outflow came as Bitcoin fell 2.5% and the CLARITY Act failed to advance in the Senate, with funds from Fidelity and BlackRock leading the withdrawals.
The Bitcoin Coinbase premium sank to a one-month low following the Senate vote against the CLARITY Act. Exchange demand on Coinbase (COIN) declined as traders sent BTC to exchanges at an unrealized loss, signaling weakening U.S.-based demand for the asset.
Ethereum and Base have abandoned efforts to establish a common wallet standard after months of discussions. The two platforms gave up on the cross-platform wallet initiative, though specific reasons for discontinuing the talks were not disclosed.

Crypto Stocks

Neutral

MARA BTC Purchase

$100M

RIOT Deployment

25 MW
MARARIOT
MARA Holdings (MARA) acquired 1,292 Bitcoin for approximately $100 Million through FalconX, deepening its balance sheet exposure to digital assets. The purchase comes as the stock has posted a 13.42% year-to-date gain despite a 35.88% decline in one-year total shareholder return and a 19.25% drop over 90 days.
Riot Platforms (RIOT) completed the first 25 MW deployment in May with a second deployment scheduled for delivery in May 2027. The miner's operations continue to expand despite sector headwinds, with recent analysis highlighting a $9.1 Billion AI deal that shifts the company's strategic narrative.
Ethiopian authorities have cut Bitcoin miners' power supply by 77% amid hydropower shortages affecting the country. Bitcoin miners generated 35% of the state-owned power producer's revenue last year, but declining reservoir inflows led the utility to prioritize households and manufacturers over mining operations.

Institutional Adoption

Bullish
Deutsche Bank, Germany's largest bank, is awaiting regulatory approval to launch institutional custody solutions for Bitcoin, Ether and select stablecoins. The bank plans to begin with cryptocurrency custody services before expanding into tokenized assets, marking a significant move by a major European financial institution into digital asset services.

Looking Ahead

Neutral

Long Liquidations

$570M

10-Year Yield Peak

5.01%

Oil Price Level

$100
The Federal Reserve's rate decision today represents the primary near-term catalyst for crypto markets, with consensus expecting a 25 bps hike. Traders will focus on the Dot Plot projections, with the Fed expected to signal two more rate hikes through 2027 versus market pricing of three additional increases. A hawkish surprise signaling three or more further hikes would likely weigh on Bitcoin, while dovish guidance could provide support.
Crypto longs worth $570 million were liquidated as the CLARITY Act failed its Senate vote. The liquidations reflect leveraged positioning unwinding amid regulatory disappointment and technical breakdown below key support levels.
U.S. 10-year government bond yields briefly touched 5.01% before easing to 4.96%, the highest levels in nearly two decades. Rising borrowing costs continue to pressure risk assets including cryptocurrencies, with Middle East tensions keeping oil prices above $100 and fueling inflation concerns that could drive more Fed tightening.

Important Disclaimer — Not Investment Advice

Disclaimer: This article is provided by Money365.Market for general information and educational purposes only. It is not financial advice, a personal recommendation, or an inducement to buy, sell, or invest in any security or product. Capital is at risk and the value of investments can go down as well as up; past performance does not indicate future results. You should seek independent advice from an FCA-authorised adviser before making any financial decision.

Cryptoassets are high risk and largely unregulated. Do not invest unless you are prepared to lose all the money you put in. Prices are extremely volatile, and you should not expect protection from the UK Financial Services Compensation Scheme or the Financial Ombudsman Service if something goes wrong.

Read the full disclaimer — 8 further points, including total-loss risk, our regulatory status and conflicts of interest

Nothing here is an offer or a solicitation to buy or sell anything, and reading it creates no advisory or fiduciary relationship between you and Money365.Market. Any decision you take is your own.

  • You can lose money — including all of it. Individual companies can and do fail, and some of the assets discussed can fall to zero. Only commit money you can afford to lose, and never borrow to invest on the strength of anything you read here.
  • Forecasts are opinion, not fact. Any valuation model, scenario, fair-value range, estimate or other forward-looking statement is illustrative, rests on assumptions that may prove wrong, and is never a price target, a forecast of actual outcomes, or a promise of any return.
  • Published at a point in time. Figures were believed accurate on the publication or last-updated date shown above and are not maintained afterwards; we are under no obligation to update them. Market and company data comes from third-party sources and is provided without warranty of accuracy, completeness or timeliness.
  • Automated content. This brief was compiled by an automated pipeline from validated news and market-data sources and passed through editorial and compliance checks. Automated content can still contain errors — verify anything you intend to rely on.
  • We are not regulated. Money365.Market is not authorised or regulated by the UK Financial Conduct Authority, is not registered with the U.S. Securities and Exchange Commission or FINRA as an investment adviser or broker-dealer, and is not a tax adviser. We hold no licence to give personal financial advice and do not do so.
  • Interests and independence. Money365.Market is not affiliated with, endorsed by or sponsored by any company, fund, exchange or platform mentioned, and is not paid to feature them. The author may hold positions in securities or assets discussed. The site earns revenue from advertising, subscriptions and, where labelled, affiliate links; this does not influence what we publish.
  • Your jurisdiction matters. Tax treatment, contribution limits, product availability and investor protections differ by country and can change. Speak to a qualified tax professional for tax matters, and to a locally licensed adviser if you are outside the UK.

Full terms: Disclaimer · Terms of Service · Privacy Policy