Crypto markets opened the day under pressure from U.S. policy disappointment and Fed uncertainty, with bitcoin near the mid-$70,000s and spot ETF outflows accelerating. Outside markets, stablecoin infrastructure, bank custody plans, and node software updates pointed to continued industry buildout.
CLARITY Act setback hits prices and ETF flows
The Senate’s failure to advance the CLARITY Act weighed on crypto prices, with reports describing declines across majors, alts, and memecoins. U.S. spot bitcoin ETFs also recorded about $450 million in net outflows, the largest since June, as regulatory-sensitive tokens sold off. Analysts cited weaker U.S. demand and the failed vote as part of the pressure on bitcoin’s Coinbase premium.
Sources: Decrypt, CoinDesk, CoinDesk, Cointelegraph, Cointelegraph
Bitcoin holds near $76,000 as traders focus on the Fed
Bitcoin was reported around $76,000, with traders watching the Federal Reserve more closely than Congress for the next major price signal. Coverage said dollar liquidity and the expected rate decision were shaping sentiment, and that some traders had built stablecoin positions while waiting for uncertainty to clear.
Infrastructure and custody developments continue
Circle launched Arc mainnet with USDC as the native gas token, alongside support for more than 20 fiat stablecoins and links to over 20 blockchains. Deutsche Bank was reported to be nearing an institutional crypto custody debut, initially covering bitcoin, ether, and selected stablecoins. Separately, Bitcoin Core 32 entered final testing with fee-estimation and validation changes plus security fixes.
Sources: CoinDesk, Cointelegraph, CoinDesk, Cointelegraph, CoinDesk
Other notable industry and regulatory headlines
Robinhood engineers were charged with alleged insider trading tied to pre-listing crypto trades on Hyperliquid perpetuals. CoinEx said it is shutting down after nine years and gave users until December to withdraw funds. Elsewhere, Bitcoin mining in Ethiopia reportedly faced a major power cut amid hydropower shortages, and Tonkeeper said it is expanding wallet support beyond TON to include Bitcoin, Ethereum, and Tron.
Sources: Cointelegraph, CoinDesk, Decrypt, Decrypt, Cointelegraph