Crypto

Bitcoin holds near $75.8k after a Clarity Act setback and $540M in liquidations. Is a Fed rate hike already priced in? Key levels and scenarios inside. The post Bitcoin Price Prediction: Another Pressure Looms, But Is a Rate Hike Priced In? appeared first on Cryptonews.

U.S. spot bitcoin ETFs shed $450 million, the most since June, as the Senate's failure to advance the Clarity Act sent regulatory-sensitive tokens sharply lower.

The service will support a select range of cryptocurrencies at debut, including bitcoin and ether and stablecoins like USDC and EURC.

Privacy token zcash, meanwhile, is up 130% over 30 days and trades near its all-time highs from 2016.

Germany’s largest bank is awaiting regulatory approval to launch institutional custody solutions for Bitcoin, Ether and select stablecoins before expanding into tokenized assets. Germany’s largest bank, Deutsche Bank, is awaiting regulatory approval to launch digital asset custody solutions for institutional clients and corporations in Europe.  Deutsche Bank plans to go live with the offering for its first clients this year, subject to completion of the applicable regulatory timeline, the bank announced on Wednesday. The bank plans to offer initial support for Bitcoin (BTC), Ether (ETH) and select stablecoins, including Circle USDC (USDC), EURC (EURC) and AllUnity EUR (EURAU). It also plans to include support for tokenized financial instruments at a later point. Read more

The USDC issuer's chain is built for payments, tokenized assets and institutional finance as banks and payment giants pile into the stablecoin market.

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. Ethiopia has reportedly reduced electricity delivered to Bitcoin miners to 23% of contracted levels as lower water inflows strain the country’s hydroelectric reservoirs. On Tuesday, Bloomberg reported that El Niño intensified dry conditions in the east African country, reducing water inflows into its reservoirs by 20%. Ethiopian Electric Power (EEP) CEO Ashebir Balcha said the company cut power to miners to prioritize households and manufacturers. Balcha said EEP initially reduced deliveries to 75% of contracted levels, easing to 50% and then 23%. The company will reassess conditions in October and could impose further reductions or even restrict electricity exports to neighboring countries, according to the report. Read more

Standard Chartered initiated coverage on Arbitrum's ARB token on the morning of Sept. 15 with a $10 price target for 2030. That implies roughly 70 times upside from a token trading near $0.13 and down about 1% over the prior 24 hours. In the same session, ARB gained up to 9%, Bitcoin fell around 4%, […] The post The Standard Chartered Effect: Is bank research becoming crypto’s new short-term catalyst? appeared first on CryptoSlate.

Italy is probing the Revolut-linked breach after its cyber agency reported more than 650 cases involving abused or illicit certified email accounts. Italian authorities are investigating a government email breach linked to the leak of Revolut customer data after hackers allegedly used the compromised account to obtain sensitive customer information. Polizia Postale, Italy’s cybercrime police, is investigating the incident for alleged unauthorized access to a computer system and computer fraud, Italian news agency ANSA reported on Tuesday. Some Italian media reports identified the compromised account as belonging to the Prefecture of Reggio Calabria. The agency later denied sending requests to Revolut, according to ANSA. Read more

Crypto insider trading charges allege two former Robinhood engineers used Hyperliquid perpetual futures before token listings, prosecutors say. The post Who are Hefu Chai and Jerry Xiang in the Robinhood Insider Case appeared first on Cryptonews.

Weakening U.S. demand, a setback for the Clarity act and expectations of a fed rate hike weigh on bitcoin.

Bitcoin exchange demand on Coinbase declined after the US Senate voted against the CLARITY Act, while traders sent BTC to exchanges at an unrealized loss. Bitcoin (BTC) demand is under pressure in the US as investors react to the failure of the CLARITY Act to advance in the Senate. Key points: Read more

U.S. prosecutors allege two engineers used confidential Robinhood token listing data to front-run announcements using Hyperliquid perpetual futures.

The Home Office names crypto alongside fintech and AI as drivers of a threat the NCA puts at £100 billion a year in the UK.

Spot and perpetual selling deepened while futures positioning stayed large enough to amplify the next move. The post Bitcoin ETF exits erase Monday’s rebound as spot selling deepens before the Fed appeared first on CryptoSlate.

The self-custodial wallet is expanding beyond The Open Network, with support for seven blockchains and more financial products planned.

The impact from the CLARITY Act vote failure was far more profound than just a price drop for BTC.

Euro-area online and mobile merchants can apply until Oct. 27 to test beta digital euro payments in a 12-month pilot. The European Central Bank (ECB) is seeking online and mobile merchants to participate in a 12-month digital euro pilot expected to begin in the second half of 2027.  On Tuesday, the ECB said e-commerce and mobile-commerce merchants operating in the euro area can apply until Oct. 27. Selected businesses will enable beta digital euro payments in remote commerce environments and test how the currency could fit into checkout processes.  The pilot will assess user experience, technical functionality and operational processes of the digital euro. The ECB said the beta version will be close to the currency described by the draft legislation but will not have legal tender status.  Read more

The 49-50 cloture defeat stalled the bill, while the crypto selloff and liquidations had already begun before the vote. The post Bitcoin drops below $76,000 as Senate rejects CLARITY Act motion appeared first on CryptoSlate.

ETH holds near $2,400 despite the CLARITY Act failure and Fed rate decision. Whale accumulation and ETF inflows point toward a possible breakout to $3,000. The post Ethereum Price Prediction: ETH Shrugs Off CLARITY Act and Fed Decision, Could Break $3,000 appeared first on Cryptonews.