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Hong Kong-founded crypto exchange CoinEx is shutting down after nine years. The platform cited a prolonged crypto winter and rising compliance costs, while users have until December to cash out their holdings.
XRP fell more than 11% to about $1.28 after the U.S. Senate failed to advance the CLARITY Act. Its market cap was $80.79 billion, while 24-hour trading volume climbed 41.2% to $6.49 billion.
CoinDesk reports that last-minute political disputes derailed the Clarity Act vote, disappointing a crypto industry that had placed major hopes on the market-structure legislation. No new timetable or details of the disagreements were provided.
aelf has restored public nodes and key dapps after a seven-day emergency shutdown tied to an August security incident. The outage eliminated one week of staking rewards, while a final review and consistent exchange transfers remain pending.
Ripple CEO Brad Garlinghouse called the CLARITY Act’s Senate defeat painful and said the company will conduct a full post-mortem. The bill failed to reach 50 votes, well below the 60 needed for cloture.
Bitcoin Magazine’s discussion with John Deaton focused on the Clarity Act cloture vote, which would determine whether Congress can begin debating the crypto bill rather than decide its final passage.
The Senate failed to advance the CLARITY Act after bipartisan negotiations collapsed and several Democrats withheld support. H.R. 3633 fell short of the 60 votes needed for cloture, blocking further Senate consideration.
Crypto market capitalization fell 2.9% to $2.70 trillion after the Senate failed to advance the CLARITY Act. Bitcoin dropped to $76,047.75 and later moved below $75,000, Coinpedia reported.
Bitcoin fell 2.9% to $76,426.03, while Ethereum dropped 3.8% to $2,423.76 and XRP slipped to $1.40. Coinpedia cited market unease ahead of a Senate vote on the CLARITY Act and more than $200 million in liquidations.
Bitcoin gave back its entire post-golden-cross advance as markets awaited an afternoon Senate vote on the Clarity Act and faced the prospect of a Federal Reserve rate hike.
Prediction markets lowered the Clarity Act’s near-term passage odds after Republicans rejected a Democratic counter-proposal. Negotiations remained deadlocked hours before a key Senate vote, CoinDesk reported.
Balancer is considering a wind-down after cost cuts and new products failed to revive revenue. Marcus Hardt said v3 did not replace legacy income, while a $128 million November exploit continued to weigh on adoption.
Bitcoin advanced as calls by AI executives to slow capability gains pressured Nvidia, Intel, AMD and other chip stocks, according to Decrypt. The cryptocurrency moved higher despite the negative reaction in AI-related equities.
Cointelegraph examines why major AI companies are calling for slower development, citing questions over whether technology-related risks and the economics of the race are making the current pace harder to justify.
Bitcoin remained near $78,000 while Nasdaq futures pointed to early losses before Monday’s cash session. Software shares rose in premarket trading, leaving investors to assess whether equity selling would broaden.
