The early hours of September 16 were a heavy blow to the crypto market. On September 15 local time, the U.S. Senate held a procedural vote on the Digital Asset Market Structure Clarity Act. The result was 50 votes in favor and 49 against—far short of the 60 votes needed for passage—so the bill stalled directly in Congress. As soon as the news broke, Bitcoin plunged in the short term, at one point smashing down to 74,910. Ethereum fell by more than 8.3%, and XRP crashed by nearly 10%. This sell-off wiped out the little rebound from daytime on September 15 entirely, and the market once again returned to the low range of 75,000 to 77,000. All three major indexes closed lower collectively, with crypto-related concept stocks leading the decline ($Coin, $CRCL fell). The semiconductor chain saw mixed performance: $AMD, Qualcomm, ASML, Micron, and Dell rose and recouped part of their losses, but Western Digital, Seagate, Broadcom, and Supermicro fell
The Clarity Act was rejected, extending the regulatory vacuum
The Fed’s September 16 interest rate decision—revealed tonight
Middle East oil price shock escalates, with the Strait of Hormuz again in turmoil
Crypto market: low-level repairs after a crash, but no structural reversal
CoinEx shuts down
Token unlocks and institutional expansion: $ARB unlocked about 12.28 million on September 16, and $ZRO unlocked about 25.84 million on September 20. Circle acquired Tazapay for $400 million to expand USDC into emerging markets; Ripple used RLUSD to compete for corporate treasury markets in Europe under the MiCA framework. Robinhood Chain’s revenue has continued to decline since September 7; daily revenue dropped to $436,000, down more than 90% from the peak of $5.44 million—ecosystem tokens face liquidity withering
Hong Kong stocks closed mixed on September 15: $Tencent, $baba, and Shein (SHEIN) strengthened against the trend, while $hk1810, $zhipu, and Lenovo weakened
Go-long setups
$MATIC (extremely narrow range from 0.3774 to 0.3806; break above 0.385 confirms), $BCH (216.7 near the prior low; with volume surging to stand at 230.3), $UNI (DeFi relay; with volume surging and breaking above 6.8)
Go-short setups
$THETA (down 7.97%, strong then weak; if near 0.19 there is volume and a stall after the rise, and any rebound comes with shrinking volume, that’s distribution), $PYTH (if it pulls back from the high at 0.0527), $RNDR (around 7.1)
Major events this week
9/16 U.S. Strategic Bitcoin Reserve Act H.R.8957 committee vote
9/16 DIGY11 Brazil B3 listing first of its kind globally, expanding institutional entry
9/16 Circle Arc mainnet goes live stablecoin payment infrastructure, $AAVE /Uniswap integration
This week BTC+ETH options Q3 expiry of about $17 billion
9/16–17 FOMC rate hike executed (market pricing about 88%) #美联储加息是否已成定局 #比特币跌至7.6万美元
The Clarity Act was rejected, extending the regulatory vacuum
The Fed’s September 16 interest rate decision—revealed tonight
Middle East oil price shock escalates, with the Strait of Hormuz again in turmoil
Crypto market: low-level repairs after a crash, but no structural reversal
CoinEx shuts down
Token unlocks and institutional expansion: $ARB unlocked about 12.28 million on September 16, and $ZRO unlocked about 25.84 million on September 20. Circle acquired Tazapay for $400 million to expand USDC into emerging markets; Ripple used RLUSD to compete for corporate treasury markets in Europe under the MiCA framework. Robinhood Chain’s revenue has continued to decline since September 7; daily revenue dropped to $436,000, down more than 90% from the peak of $5.44 million—ecosystem tokens face liquidity withering
Hong Kong stocks closed mixed on September 15: $Tencent, $baba, and Shein (SHEIN) strengthened against the trend, while $hk1810, $zhipu, and Lenovo weakened
Go-long setups
$MATIC (extremely narrow range from 0.3774 to 0.3806; break above 0.385 confirms), $BCH (216.7 near the prior low; with volume surging to stand at 230.3), $UNI (DeFi relay; with volume surging and breaking above 6.8)
Go-short setups
$THETA (down 7.97%, strong then weak; if near 0.19 there is volume and a stall after the rise, and any rebound comes with shrinking volume, that’s distribution), $PYTH (if it pulls back from the high at 0.0527), $RNDR (around 7.1)
Major events this week
9/16 U.S. Strategic Bitcoin Reserve Act H.R.8957 committee vote
9/16 DIGY11 Brazil B3 listing first of its kind globally, expanding institutional entry
9/16 Circle Arc mainnet goes live stablecoin payment infrastructure, $AAVE /Uniswap integration
This week BTC+ETH options Q3 expiry of about $17 billion
9/16–17 FOMC rate hike executed (market pricing about 88%) #美联储加息是否已成定局 #比特币跌至7.6万美元
