Daily News 19

Category: Coins

Digital assets, cryptocurrencies, blockchain, and currency news.

  • Crypto Longs Worth $570 Million Wiped Out as Clarity Act Fails

    Crypto Longs Worth $570 Million Wiped Out as Clarity Act Fails

    Crypto traders holding long, or bullish, futures positions suffered significant losses over the past 24 hours following the failure of the Clarity Act in a Senate procedural vote.

    Liquidation Data Reveals Heavy Long-Side Damage

    Exchanges liquidated approximately $571 million in long positions during this period, marking the highest total since August 22, according to data from CoinGlass. In contrast, short, or bearish, positions accounted for only about $100 million of the total wipeout.

    Bitcoin and Ether Lead Liquidation Tally

    Bitcoin and ether longs absorbed the heaviest damage, with roughly $190 million liquidated in each asset. XRP longs lost about $30 million, while Solana longs saw approximately $22 million in liquidations.

    Market Positioning Reflected Legislative Optimism

    The liquidation data indicates markets were positioned for continued upside, largely driven by hopes that the Clarity Act would advance. Analysts had previously flagged ether and DeFi tokens as the assets most likely to outperform bitcoin if the Senate voted in favor of the legislation.

    Trump Concession Reports Fueled Recent Rally

    Optimism strengthened earlier this week after reports that President Donald Trump was willing to make concessions on the bill’s ethics provisions. The market responded positively: bitcoin, the largest cryptocurrency by market value, rose to nearly $80,000 from about $77,000 on Monday.

  • Crypto Sector Surges 213% Since Bitcoin’s 2025 Peak as One Coin Leads the Rally

    Crypto Sector Surges 213% Since Bitcoin’s 2025 Peak as One Coin Leads the Rally

    Privacy Coins Surge 213% Since Bitcoin’s October 2025 Peak, Led by Zcash Rally

    Privacy-focused cryptocurrencies have climbed 213% since Bitcoin’s October 2025 high, even as BTC remains significantly below that level, according to a market breakdown published today by analyst Wise Crypto. The sector’s combined market capitalization has grown from $7.1 billion a year ago to $33.6 billion currently, though the gains are heavily concentrated in a single asset.

    Zcash Dominates Privacy Sector Growth

    Zcash (ZEC) accounts for roughly 62% of the privacy category’s total market cap on its own, rising 25x over the past year. Its market-cap ranking surged from #82 to as high as #7 at one point, though CoinGecko data currently places it at #9. Glassnode data published last week corroborated the trend, finding that privacy was the only crypto sector trading above its October peak, with every other category still down by double digits.

    Grayscale’s Zcash ETF, trading under the ticker ZCSH, crossed $500 million in assets within two weeks of launch. Monero (XMR), the second-largest privacy asset, has approximately doubled over the same period despite facing delistings from several exchanges. Among the 25 largest crypto assets, Wise Crypto noted that only four — ZEC, HYPE, XMR, and WBT — are still trading above their October levels.

    Investors Highlight Diversification Beyond Major Chains

    Investor Dan Tapiero told The Wolf of All Streets on September 11 that the moves in ZEC and HYPE this cycle demonstrate crypto is no longer just a Bitcoin, Ethereum, and Solana story. “Zcash has been an enormous winner this year,” he said, pointing to broader activity building outside the three largest chains.

    A day later, Egor Sidelska of Infinex argued that privacy is one of the only parts of crypto that hasn’t already been built out and cloned across other chains, calling ZEC “the last 100x in crypto that isn’t a random meme coin.”

    Valuation Debate Continues Amid Rapid Appreciation

    Not all analysts are convinced the rally is fully justified. Analyst filbfilb recently pushed back on how far the Zcash advance can be trusted, sharing valuation models that compared ZEC’s transaction activity against Bitcoin’s at a similar stage of issuance. Those models implied a price around $944 — below current levels — though convergence scenarios place fair value much higher if Zcash continues closing the gap.

    At the time of writing, ZEC was changing hands at approximately $1,140, flat on the day but up 32% over the last two weeks and more than 2,100% over the past year. The token remains well off its 2016 all-time high near $3,190. Meanwhile, Bitcoin traded near $77,000, down just over 1% in 24 hours and about 34% over one year, leaving it roughly 39% below its own October 2025 all-time high.

  • Cardano Joins Mastercard Crypto Program: Can ADA Drive Mainstream Adoption?

    Cardano Joins Mastercard Crypto Program: Can ADA Drive Mainstream Adoption?

    Mastercard’s engagement with Cardano signals potential collaboration rather than direct integration of the blockchain into the payments giant’s core platform. The development opens avenues for future use cases, though it stops short of an established institutional relationship. Should discussions progress into live payment applications, Cardano would gain a notable level of institutional recognition.

    Cardano’s Stablecoin Liquidity Faces Critical Test

    A primary hurdle for Cardano’s payment ambitions is stablecoin liquidity. The network’s stablecoin market currently holds approximately $60 million, but data from Cardanoscan.io shows that USDCx accounts for over 70% of that total, representing roughly $43 million in dollar-denominated assets.

    Most current activity stems from decentralized finance (DeFi) applications rather than real-world payments. This distinction matters because Mastercard’s program targets cross-border transfers, B2B payments, and settlement. Despite Cardano’s low fees, the limited liquidity constrains the network’s ability to process significant payment volumes. Growth in USDCx circulation, active user wallets, and overall transfer volumes would signal stronger payment demand and help convert theoretical potential into practical utility.

    Can Cardano Scale for Global Payments?

    The viability of Cardano as a payment rail will be tested through user adoption. According to Token Terminal data, daily active users hover near 10,000, while monthly active accounts reached 323,600. This suggests a large base of users retains access and interacts with the network intermittently.

    Cardano’s average transaction fee of $0.06 supports small, high-volume cross-border transfers. However, the central question remains whether users are actively employing stablecoins for payments. If daily activity stays low, payment capacity remains largely theoretical. Rising stablecoin transfer counts, payment-focused wallets, and transaction frequency would demonstrate growing demand and give the Mastercard partnership tangible significance.

  • XRP Sinks 10% as Clarity Act Fails, Bitcoin Slides Toward $76,000

    XRP Sinks 10% as Clarity Act Fails, Bitcoin Slides Toward $76,000

    XRP led a broad cryptocurrency sell-off Wednesday morning, plunging nearly 10% to $1.30 during Asian trading hours after the U.S. Senate failed to advance the Clarity Act, according to CoinDesk data.

    Major Tokens Slide Across the Board

    Ether followed with a decline of nearly 5% to approximately $2,410. Solana dropped 5% to just above $97, while Dogecoin fell nearly 5%. Zcash and Hyperliquid’s HYPE each slipped close to 4%, and Bitcoin retreated nearly 3% to just above $76,000. BNB and Tron proved the most resilient, each down only about 1%.

    Clarity Act Fails on Cloture Vote

    The legislation fell short on a 49-50 cloture vote, the procedural threshold requiring 60 senators to move a bill to debate. Multiple Republicans joined Democrats in voting against the measure. Negotiators had produced more than 600 pages of compromise text, but the provision that ultimately derailed the bill centered on ethics language designed to prevent senior government officials from maintaining crypto business interests.

    Senator Slotkin Cites Ethics Concerns

    Senator Elissa Slotkin, a Michigan Democrat, explained her opposition by stating the “the ethics provisions in this bill are simply too thin,” pointing to President Donald Trump, his children and his Cabinet earning money in crypto.

    She also said the Commodity Futures Trading Commission lacks the staffing to implement the law, and that the bill left gaps on money laundering and terrorist financing.

    Today, I voted no on the Clarity Act, legislation meant to regulate cryptocurrency in America.The ethics provisions in this bill are simply too thin. President Trump, his children, and his Cabinet are making billions of dollars in the crypto space, in part from bilking everyday…

    — Sen. Elissa Slotkin (@SenatorSlotkin) September 15, 2026

    Crypto Equities Hit Harder Than Tokens

    Publicly traded crypto companies suffered steeper losses than the underlying assets. Coinbase shares fell nearly 9% to $174.42, while Circle dropped more than 9% to $88.26. Galaxy Digital declined 8% and Gemini slid 7%. Bullish and Riot Platforms each lost 5%, eToro fell 4%, and Robinhood, MARA Holdings, CleanSpark, IREN and Core Scientific all dropped between 3% and 4%.

    Regulatory Path Forward Shifts to SEC

    Attention now turns to the regulators the bill was intended to constrain. The Securities and Exchange Commission is already advancing its proposed Reg Crypto framework and rules for tokenized securities, which now represents the primary pathway to the regulatory certainty the industry sought from Congress.

    Political and Market Implications

    Industry political action committees, including Fairshake, must now decide how to approach senators who voted against the legislation ahead of the November 3 election. A new Congress will convene in January 2027.

    Meanwhile, the Federal Reserve is scheduled to announce its rate decision later Wednesday, with traders leaning toward a quarter-point hike. The decision lands on a market that has just watched its legislative push collapse and is already selling risk assets.

  • Mike Novogratz Critiques Crypto Legislative Breakdown

    Mike Novogratz Critiques Crypto Legislative Breakdown

    Novogratz Slams Congress Over Clarity Act Failure

    Prominent crypto investor Mike Novogratz has sharply criticized Congress for failing to advance the Clarity Act, legislation designed to establish a regulatory framework for digital assets in the United States. In a recent social media post, Novogratz detailed how 18 months of bipartisan negotiations collapsed, leaving the industry without the regulatory clarity it has long sought.

    Bipartisan Deal Collapses Amid Ethics Disputes

    According to Novogratz, a compromise on the Clarity Act was within reach before political intransigence derailed the process. He emphasized that ethics concerns became a focal point of disagreement, causing both Republicans and Democrats to prioritize partisan positioning over the long-term health of the cryptocurrency sector. The breakdown underscores deep divisions in Washington over how to regulate digital assets.

    Market Reaction: Uncertainty Persists

    The broader crypto market has shown mixed signals, with major assets lacking substantial price momentum. Traders appear cautious, reflecting the uncertainty highlighted by Novogratz’s comments. Without clear legislative direction, many investors are holding back, awaiting concrete signals from Congress regarding the future of crypto regulation.

    Election Year Dynamics Could Delay Crypto Legislation

    As the U.S. elections approach, Novogratz suggested that crypto policy may not rank as a top-tier issue for voters, overshadowed by pressing concerns such as inflation and immigration. This political reality could further sideline legislative efforts, prolonging the regulatory vacuum that currently hampers industry growth and investor confidence.

    What Traders Should Watch Next

    Market participants should monitor how ongoing political discourse influences sentiment. The regulatory uncertainty could lead to increased volatility in digital asset prices. Shifts in legislative focus as the election nears may either hinder or facilitate progress on crypto legislation, directly impacting the trajectory of the market.

    This article is for informational purposes only and does not constitute financial advice.

  • World Liberty Financial: Can $6M Whale Buying Push WLFI Back to $0.06?

    World Liberty Financial: Can $6M Whale Buying Push WLFI Back to $0.06?

    World Liberty Financial ($WLFI) Price Analysis: Whale Accumulation Counters Founder Sell Concerns

    World Liberty Financial ($WLFI) reached a local high of $0.061 four days ago before retracing sharply. At press time, the token trades around $0.058 with trading volume down 13% to $42 million, signaling a market slowdown.

    Whale Accumulates $6.18 Million in $WLFI

    Despite cooling momentum, on-chain data reveals significant whale accumulation. According to Arkham Intelligence data highlighted by Nazoku, a single whale withdrew 90 million $WLFI from Binance and received an additional 18.7 million $WLFI from other wallets, totaling 108.45 million $WLFI worth approximately $6.18 million.

    This sustained buying pressure suggests strong optimism from major holders anticipating further gains.

    Exchange Netflows Confirm Accumulation Trend

    CoinGlass data shows Spot Netflow has remained negative for 12 consecutive days, indicating consistent withdrawal of tokens from exchanges into private wallets. Historically, extended periods of negative netflow have often preceded stronger price performances.

    Founder Token Movements Raise Selling Pressure Concerns

    Market caution persists due to reported actions by the Trump family and co-founders. The Washington Sun reported that Trump and other founders moved 20 billion $WLFI into new vesting contracts, a structural step that would enable future cash-outs and payouts.

    This development has intensified concerns among market participants and watchdogs regarding potential conflicts of interest and significant selling pressure if major holders decide to liquidate positions.

    Technical Indicators: Bullish Structure With Reversal Risks

    Current technical analysis presents a mixed but cautiously optimistic picture:

    • Bulls vs. Bears (BvB) indicator: Positive at 5, indicating buyer dominance
    • Relative Strength Index (RSI): Hovering above 50, suggesting active buyers and trend continuity

    Key price levels to watch:

    • Bullish scenario: If whale demand holds, $WLFI could close above $0.058–$0.06
    • Bearish scenario: Persistent slowdown could push RSI below 50, signaling trend reversal with potential decline to $0.054

    Summary

    • A World Liberty Financial whale purchased 108 million $WLFI worth $6.18 million across recent transactions.
    • Market structure remains bullishly cautious amid allegations that Trump family and founders are preparing to sell holdings via new vesting contracts.
  • AxLabs Launches Full Ax402 Stack on Neo X

    AxLabs Launches Full Ax402 Stack on Neo X

    AxLabs Deploys Full Ax402 Payment Stack on Neo X for Machine-to-Machine Commerce

    AxLabs has launched the complete Ax402 stack on Neo X, delivering a live payment infrastructure that enables developers to monetize REST APIs, gate resources behind a stablecoin paywall, and facilitate programmatic payments between AI agents. Transactions settle on a per-request basis using supported tokens including $USDC and xGAS.

    From July Launch to Production Deployment

    The release marks Ax402’s transition from its initial July launch—previously covered by NNT—to a full production deployment. Ax402 is built on x402, an open protocol that repurposes the HTTP 402 Payment Required status code as the trigger for machine-to-machine payments.

    When Ax402 first launched on Neo X in July, the gateway integrated through xGAS, a wrapped GAS token deployed by Bane Labs specifically for x402 payments. This provided a Neo-native settlement option alongside the protocol’s broader $USDC support.

    New $USDC Settlement Via Chainlink CCIP

    $USDC settlement on Neo X became possible one day before this announcement, when $USDC.e and WETH arrived on the network through Chainlink’s CCIP-powered Transporter bridge on September 14.

    Solving Friction in Machine-to-Machine Commerce

    Ax402 addresses a critical friction point in machine-to-machine commerce: AI agents and API consumers currently lack a standard way to pay for resources on a per-request basis without accounts, subscriptions, or checkout flows.

    Practical examples include:

    • A research agent paying for a single query to a premium data API
    • A coding agent paying to run a specialized security scan
    • One AI agent paying another for a translation or other discrete service

    Resources and Documentation

    Developers can explore the protocol at ax402.io. Full documentation is available at docs.ax402.io.

    The full announcement can be found at the link below:

    https://x.com/ax_labs/status/2099855010137887212

  • Solana Raises Maximum Transaction Size to 4,096 Bytes as txv1 Goes Live

    Solana Raises Maximum Transaction Size to 4,096 Bytes as txv1 Goes Live

    Solana activated the txv1 feature gate on mainnet at the start of epoch 1035 on September 15, 2026, at approximately 01:00 UTC, raising the network’s maximum transaction size from 1,232 bytes to 4,096 bytes, according to an official upgrade note published by the Solana Foundation. The change is defined in SIMD-0296 and delivered through the v1 transaction format introduced in SIMD-0385.

    What the 4,096-Byte Limit Unlocks

    Solana framed the increase as a headroom gain rather than a breaking change. Work that previously had to be divided into several chained transactions — zero-knowledge proofs such as those used by Confidential Transfers, large multisignature operations, and batched programs — can now land as a single atomic transaction, which means fewer signatures to pay for and one confirmation instead of several.

    Because v0 and legacy transactions remain unchanged, wallets and applications that do not need the extra room keep working exactly as they do today, and the note stresses that nothing about how users approve, sign, or send a transaction changes.

    Node Operators Face a Migration Window

    The feature is live on mainnet, testnet, and devnet, but Solana said some infrastructure needs a specific release. RPC nodes must upgrade to Agave v4.2.2 or later; earlier builds downgrade v1 messages to v0 on the way into storage, which zeroes out the compute budget and misreports the version. Jito-Solana validators also need v4.2.2 or later, because a leader running an older build will not assemble v1 transactions into its blocks.

    The upgrade note points to a version matrix recording the first release of every dependency that handles v1 transactions, alongside a runnable code example for sending, decoding, and indexing them.

    Another Step in a Busy Year of Solana Upgrades

    The transaction-size increase follows a run of mainnet changes aimed at throughput. Solana earlier raised its block capacity to 100 million compute units on mainnet and separately cut its slot time to 350 milliseconds in the first reduction since genesis. Together, the changes signal the network’s push to support larger and more complex workloads, including the proofs and batch operations that the bigger transaction envelope is designed to accommodate.

  • Binance Launches Realized Perp Slippage Metric for Traders

    Binance Launches Realized Perp Slippage Metric for Traders

    Binance Launches Realized Perpetual Slippage Metric to Improve Trading Execution Insights

    Binance has introduced a new analytical tool called realized perp slippage, designed to give traders a clearer view of order execution quality on its perpetual futures market. The metric measures the gap between expected slippage — calculated from a pre-execution order book snapshot — and the actual slippage experienced when a market order fills. By quantifying this difference, Binance aims to help users assess execution efficiency and refine their trading strategies in real-time.

    How the Realized Perp Slippage Metric Works

    The system captures the state of the order book immediately before a market order is executed, establishing a baseline for expected slippage. Once the order fills, the actual execution price is compared against that baseline. The resulting realized perp slippage figure reveals whether traders received better or worse fills than anticipated, offering a transparent benchmark for execution performance.

    This approach addresses a long-standing challenge in crypto derivatives trading: the opacity of slippage during volatile or thin-liquidity conditions. With this metric, traders can now audit execution quality post-trade, identify patterns, and adjust order types, timing, or venue selection accordingly.

    By the Numbers: A Snapshot of Current Discrepancy

    At the time of publication, Binance’s dashboard shows an expected slippage level of $0.94 versus an actual fill slippage of $1.63 — a notable divergence that highlights the practical impact of execution variability. Such gaps can erode profitability, especially for high-frequency or large-volume strategies where slippage compounds rapidly.

    The release comes amid mixed momentum across major crypto assets, with some showing bullish structure while others face selling pressure. In this environment, tools that quantify execution risk become increasingly valuable for risk management and strategy optimization.

    Strategic Implications for Traders

    As the market absorbs this new data layer, several behavioral shifts may emerge:

    • Execution monitoring becomes a routine part of post-trade analysis.
    • Traders may favor limit orders or algorithmic execution during periods of high realized slippage.
    • Comparative venue analysis could drive order flow toward exchanges with tighter realized slippage profiles.

    Binance, already recognized for its extensive suite of trading analytics, strengthens its platform’s appeal to institutional and professional traders who demand measurable execution transparency.

    What to Watch Next

    Market participants should track how realized perp slippage trends correlate with volatility regimes, funding rate shifts, and order book depth changes. Persistent deviations between expected and actual slippage may signal structural liquidity issues or latent market stress.

    Over time, this metric could influence product development — such as dynamic fee tiers, improved matching engine logic, or new order types designed to minimize slippage risk.

    Disclaimer: This article is for informational purposes only and does not constitute financial advice. Trading cryptocurrency derivatives involves significant risk; users should conduct independent research and consider their risk tolerance before engaging in any trading activity.

  • CLARITY Act Vote Stalls in Senate

    CLARITY Act Vote Stalls in Senate

    Senate Stalls CLARITY Act, Amplifying Crypto Regulatory Uncertainty

    The U.S. Senate failed to advance the CLARITY Act today, a development that injects fresh uncertainty into the digital asset regulatory landscape. According to a report from Fireblocks, the legislative stall threatens to disrupt the independent rulemaking timelines of both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), leaving traders and investors navigating a prolonged period of ambiguity.

    Legislative Gridlock Complicates Agency Timelines

    The CLARITY Act was designed to establish clearer jurisdictional boundaries between the SEC and CFTC regarding digital assets, providing a statutory framework many argue is essential for fostering innovation and investor confidence. With the bill stalled, both agencies continue to draft rules through their existing notice-and-comment processes—a timeline that extends roughly two years into the future.

    Fireblocks highlights that this legislative vacuum forces market participants to operate under overlapping and potentially conflicting regulatory regimes for the foreseeable future. The lack of congressional action effectively cedes the pace and shape of crypto regulation to agency-level proceedings, which may not align with industry needs or market realities.

    Mixed Market Signals Reflect Cautious Sentiment

    The broader cryptocurrency market is currently exhibiting mixed momentum across major assets, a pattern consistent with heightened regulatory sensitivity. The absence of decisive price action suggests traders are adopting a wait-and-see posture, recalibrating strategies around the extended horizon for regulatory clarity.

    Key factors influencing near-term sentiment include:

    • Potential revival of CLARITY Act discussions in the Senate
    • Upcoming SEC and CFTC rule proposals and comment deadlines
    • Shifts in trading volumes tied to regulatory news flow

    What Market Participants Should Monitor

    Stakeholders should track any signals of renewed legislative momentum around the CLARITY Act, as well as formal rulemaking publications from the SEC and CFTC. The interplay between congressional action and agency rulemaking will likely dictate market structure, compliance costs, and the competitive landscape for digital asset services in the U.S. over the next two years.

    This article is for informational purposes only and does not constitute financial advice.