Crypto news today
ETH risks 10% drop against Bitcoin as double top forms on ETH/BTC chart
Why it matters: A neckline break would accelerate capital rotation out of ETH into BTC amid regulatory uncertainty after the CLARITY Act's failure.
Trump's $1.4B crypto income called cause of failed US crypto bill
Why it matters: The bill's failure delays clear rules for the US crypto market and adds pressure on assets.
Indian parliamentary committee ends crypto hearings without a bill
Why it matters: India remains without legal clarity for crypto: the absence of regulation heightens fraud and capital flight risks, while the market awaits the committee's report.
Cardano loses $0.20 support as network activity drops 64%, target $0.1647
Why it matters: Weak on-chain activity and fading derivatives interest heighten the risk of a further ADA decline toward $0.1647.
Bitcoin holds above key EMAs despite sell-off after CLARITY Act failure
Why it matters: Holding the EMA cluster preserves BTC's bullish structure, but the Fed's decision could set the market's next direction.
Core Lightning warns experimental features may put funds at risk
Why it matters: Vulnerabilities in the Lightning Network implementation could jeopardize node operators' funds, weakening trust in BTC infrastructure.
MEXC freezes $38.7M in USDT and boosts insurance fund to $791.7M
Why it matters: Rising freezes and a larger insurance fund reduce ADL and trader loss risks, but the data is based on the exchange's own reporting.
RBI Deputy Governor: AI and tokenization accelerate spread of financial risks
Why it matters: A signal from a major central bank that regulation of tokenization and AI will tighten as their influence on the financial system grows.
Taiwan uncovers $1.9 million crypto fraud scheme with 46 victims
Why it matters: The case shows that crypto fraud through fake apps and influencers remains a mass risk for retail investors.
MUFG: market has priced in a 25 bps Fed hike, dollar needs a more hawkish signal
Why it matters: The Fed's tone on further tightening will determine the trajectory of the dollar and risk assets, including bitcoin.
Coinbase bitcoin premium falls to one-month low after CLARITY Act failure
Why it matters: The drop in the Coinbase premium signals weakening U.S. demand and pressure on the BTC price.
XRP falls to $1.30 after CLARITY Act failure; next test at $1.26
Why it matters: The bill's failure and expectations of a Fed rate hike weigh on XRP; a break below $1.26 would open the way to $1.20 and lower.
Fed to hike rate to 4.0% as bitcoin falls after CLARITY Act failure
Why it matters: A rate hike and the failure of crypto legislation increase pressure on risk assets; Warsh's tone will set the market's direction.
Bitget reports 122% reserves and a $351 million protection fund
Why it matters: Regular PoR reports improve exchange transparency but do not replace an independent audit and are not deposit insurance.
U.S. August CPI rises to 3.4%, Waller allows for either a pause or a hike in September
Why it matters: The outcome of the Fed's September 15-16 meeting will determine the trajectory of bitcoin and risk assets; the market is pricing in a rate hike.
UK to allocate $676M and 500 officers to fight money laundering
Why it matters: Increased oversight of crypto transactions in the UK raises compliance burdens for exchanges and service providers.
KuCoin completes Nesa (NES) token migration at 1:1 ratio
Why it matters: NES holders must use only the new token on the ERC20 network, otherwise funds may be lost.
Binance Earn adds 11 US Treasury and bond ETFs
Why it matters: The largest exchange is expanding into traditional assets, intensifying competition with brokers and legitimizing crypto platforms as a channel to TradFi.
Balancer community proposes winding down protocol and liquidating DAO
Why it matters: Balancer's shutdown will be one of the largest closures in DeFi and could increase pressure on the BAL token and confidence in older protocols.
zondacrypto clients must file claims with Estonian trustee by October 27
Why it matters: Exchange clients may lose the chance to recover funds if they miss the deadline for filing claims in Estonia.