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Doug Petno, co-president of JPMorgan, said in an X post that institutional demand for blockchain and stablecoins remains at an early stage, according to BeInCrypto. Petno said there is no clear institutional demand for stablecoins outside crypto trading, while interoperability, regulation and KYC appear to be obstacles. In response to the X post, Tether CEO Paolo Ardoino pushed back, mocking the view as similar to saying there is little demand to import ice into the Arctic.

A newly created anonymous address bought 99,834 HYPE worth about $7.72 million through FalconX two hours ago, according to Lookonchain.

Bernstein said the CLARITY Act’s failure to reach a Senate vote is likely to shift the center of U.S. crypto regulation from congressional legislation to rulemaking by the U.S. SEC and the U.S. Commodity Futures Trading Commission, The Block reported. Bernstein said further regulatory work is likely in tokenization, perpetual futures and prediction markets, adding that platforms such as Coinbase may continue offering rewards on idle stablecoin balances.

Circle has launched Arc, a USDC-optimized layer-1 blockchain mainnet, The Block reported. Arc uses USDC for gas fees and supports sub-second transaction finality and EVM compatibility. More than 100 applications, including Aave, Morpho and Uniswap, joined the Arc ecosystem alongside the mainnet launch, according to the report. Circle said 11 institutions, including BlackRock, the Depository Trust & Clearing Corporation, Intercontinental Exchange, Mastercard and Visa, plan to join gradually as validators. Circle also said it initially issued 10 billion ARC this week, but has not yet decided on a public launch of the token.

An address believed to belong to crypto market maker Cumberland deposited 1.5 million PONS, worth about $877,000, to Gate over the past five hours, according to Lookonchain. The tokens were part of 17.64 million PONS that the address had withdrawn from Gate over the past two weeks at an average price of $0.67.

Italian authorities are investigating a case in which customer data at crypto neobank Revolut was exposed through the hacking of government agency email accounts, Cointelegraph reported. The hacker is said to have taken over certified Italian PEC email accounts, which carry legal validity, and then requested customer information from Revolut. Revolut said its own systems and databases were not breached, and customer funds were not affected.

Coinbase’s BTC premium index fell to -0.079 after the CLARITY bill failed to secure the 60 votes needed in the U.S. Senate, marking its lowest level in a month, CoinDesk reported. The reading means Bitcoin on Coinbase was trading about $50 below Binance, signaling weaker demand from U.S. investors. A CoinDesk analysis said the failed CLARITY vote, along with expectations for Federal Reserve rate hikes and rises in U.S. Treasury yields and international oil prices, was weighing on investor sentiment.

Suspicious transaction reports tied to virtual assets rose about 312-fold over four years, while South Korea’s Financial Intelligence Unit has only 43 staff reviewing and analyzing those cases, Dailian reported. According to the Financial Intelligence Unit under South Korea’s Financial Services Commission, suspicious transaction reports related to virtual assets increased to 62,055 in 2025 from 199 in 2021, based on a strategy and policy document on preventing money laundering, terrorist financing and proliferation financing released on Sept. 16. Despite the surge, the FIU’s staffing and systems have not kept pace, the report said. The FIU currently has 80 employees in total, fewer than Australia’s 600, Germany’s 700 and France’s 220, with 43 assigned to suspicious transaction screening and analysis.

Nine of the UK’s 10 largest retail banks currently block or cap cryptocurrency-related payments, Wu Blockchain said. It added that even after the UK’s comprehensive crypto regulatory framework takes effect in October 2027, banks will not be required to lift those measures. While the UK government has set a goal of becoming a global digital asset hub and pressure on the banking sector continues, nine of the top 10 banks still either block or limit crypto-related payments. The Financial Conduct Authority expects financial institutions to gradually phase out blanket bans voluntarily once new regulatory measures are introduced, but confirmed it will not legally force banks to process crypto transactions. As a result, whether such transactions are allowed will be determined by each bank’s policy.

Raphael Zagury, CEO of U.S.-listed Bitcoin accumulation company Twenty One Capital (XXI), said in an interview with Coin Stories host Natalie Brunell that the company is considering issuing a form of preferred stock similar to Strategy's STRC to fund additional BTC purchases.

Justin Sun, founder of Tron (TRX), announced plans to establish a mathematics prize bearing his name and said he will shift the focus of his future philanthropy to the award. Sun said his wealth is rooted in mathematics and cryptography and that he wants the funding to come from mathematics and return to mathematics. The prize will focus on mathematical proofs and formal verification, with the goal of using the rapid advancement of artificial intelligence to verify mathematical results more efficiently by machine.

The UK Financial Conduct Authority (FCA) has issued guidance to help firms determine whether they will need authorization under the country’s crypto regulatory framework, which takes effect in October next year. The covered activities include issuing qualifying stablecoins, operating crypto trading platforms, dealing and brokerage, custody, and staking intermediation. The FCA will begin accepting authorization applications on Sept. 30, and plans further consultations in October on detailed guidance for some technology providers and decentralized protocols.

Binance is expanding further into traditional wealth management by opening Capital Connect, an investment platform previously reserved for institutional investors, to high-net-worth individuals, CNBC reported. For the first time, Binance will allow individual investors to access Capital Connect. Individuals who meet certain financial requirements, including holding at least $1 million in assets, can compare strategies from professional trading teams on the platform and allocate funds directly.

An anonymous whale holding a high-leverage BTC long position worth about $53.33 million on Hyperliquid is facing liquidation risk, according to on-chain analytics firm Hupzy, formerly Spot On Chain. The whale entered the position three weeks ago at an average price of $80,118, and unrealized losses widened to $2.97 million as BTC fell 4.3% today. Remaining margin stood at about $2.96 million, leaving the position at risk of forced liquidation if BTC falls further.

Crypto-related stocks were broadly lower in U.S. premarket trading. CRCL fell 2.12%, MSTR 1.43%, HOOD 1%, BMNR 1.29%, BNC 2.04%, and MARA 0.36%.

On-chain analyst IT Tech said a pattern seen around past market bottoms is reappearing as long-term Bitcoin holdings increase արագly, according to a CryptoQuant contribution. IT Tech said the key metric in this cycle is BTC supply that has remained unmoved for six to 12 months. That cohort’s share of the aggregate holder cost basis jumped to 30.8% from 16.2% on Dec. 16 last year, while the share held for three to six months fell to 7.7% from 24.8% over the same period. The shares of BTC held for 12 to 18 months and 18 months to two years also rose to 17.0% and 9.9%, respectively. IT Tech said BTC has been staying in wallets rather than moving to exchanges during the correction, extending a shift in which short-term holdings turn into long-term holdings. IT Tech assessed the pattern as one that typically appears in the early stage of a bull market and said a similar flow was seen before the 2022 market bottom. At the same time, BTC is currently at $75,000, down 40% from the $126,000 peak in October last year, though still far above the 2022 bottom range. IT Tech therefore assessed the current setup as closer to an interim bottom formed during a rising cycle than to the final bottom of the full cycle.

Malaysia has emerged as one of the most crypto-open Islamic markets, supported by clear regulations and sharia standards, Wu Blockchain said. The Shariah Advisory Council under the Securities Commission Malaysia approved major cryptocurrencies including BTC, ETH, XRP and XLM as sharia-compliant assets from 2020 through the first half of 2026. As of mid-2026, 10 digital asset businesses had received regulatory approval. In 2025, trading volume on regulated exchanges in Malaysia rose 23% from a year earlier to more than $4 billion, equivalent to about 2.5% of local stock market turnover. Banking-sector support remains limited to transaction-related services for licensed operators.

With financial markets largely pricing in a 25-basis-point rate hike by the U.S. Federal Reserve’s Federal Open Market Committee, on-chain analyst Axel Adler Jr said stronger-than-expected signals of further hikes could increase downside pressure on stocks and BTC. In a blog post, Adler said CME FedWatch showed a 92.7% probability of a 25-basis-point hike, with rates expected to rise to 3.75%-4.00%. Since 1988, there have been seven cases in which the Fed began a rate-hike cycle, and in five of those cases the S&P 500 fell six weeks after the first hike, Adler said. The average return across all seven cases was -2.83%. Adler added that the market’s path afterward varied depending on how long tightening lasted and on economic conditions at the time. With the rate hike itself already substantially priced in, Adler said the key question is what signal the Fed sends about additional hikes ahead. If the Fed delivers a stronger tightening signal than expected, extra pressure could be put on stocks and BTC.

On-chain analyst Willy Woo said there is a 90% chance Bitcoin has already formed its bottom under the four-year cycle framework. Woo said long-term investors’ capital is returning to the market and the current liquidity structure resembles the early stage of a bull market, indicating the bottom has likely already been set. He added that while the four-year cycle pattern has had considerable predictive power in the past, he is no longer intentionally using that pattern as a reference. Woo also said that even if this outlook proves correct, it is unclear how long the bull market would last, and the four-year cycle pattern itself is weakening.

After the U.S. Senate rejected a cloture vote overnight on the CLARITY Act, a decision on whether to move the bill to floor debate, Euro Pacific Capital CEO Peter Schiff, a prominent Bitcoin critic, said "비트코인은 가치가 없기 때문에 의회의 어떤 법안도 필요하지 않다." BTC was trading at $75,744.70, down 1.64%, at the time of writing, according to CoinMarketCap.

Bitcoin’s decline began before the U.S. Senate’s vote on the Clarity Act, making it difficult to explain the recent pullback solely by the bill’s defeat, according to on-chain analytics firm Santiment. In a post on X, Santiment said BTC had already fallen about 5% from its Sept. 3 peak before the vote, while the additional drop during the voting period was just 1.7%. That means the decline tied to the vote accounted for less than one-quarter of the total 7% pullback from the peak, Santiment said. Santiment added that its weighted social media sentiment indicator hit a 30-day high on Sept. 14, according to local time references in the source, a day before the vote, while social media mention volume on Sept. 15 reached its highest level in 14 days. It also said sentiment remained positive when the bill was voted down. Still, Santiment said it was difficult to identify what caused BTC to fall during the 12 days before the vote, adding that the U.S. Federal Reserve’s FOMC rate decision is scheduled for early Sept. 16.

South Korean crypto exchange Upbit announced it will temporarily suspend VANA deposits and withdrawals from 9:00 a.m. UTC on Sept. 21 due to the VANA hard fork.

Capital Research and Management Company, the largest shareholder of Japan-listed BTC-buying company Metaplanet, has lost its status as a major shareholder after cutting its stake and seeing its voting-rights ratio fall below 10%, according to a Metaplanet filing. The firm still remains Metaplanet’s largest shareholder. Its holdings fell by 10,603,300 shares to 125,455,820 on Sept. 8 from 136,059,120 on July 13, while its voting-rights ratio declined to 9.32% from 10.63%.

Financial markets have effectively priced in a 25-basis-point rate hike at the U.S. Federal Reserve’s September Federal Open Market Committee meeting, with some additional tightening this year also already reflected, CoinDesk reported. The outlet said the current backdrop is a nightmare for Fed Chair Kevin Warsh, as less-hawkish-than-expected remarks could weaken the dollar while lifting long-term Treasury yields amid inflation and U.S. debt concerns. That could trigger near-term selling pressure on risk assets, but later turn supportive for Bitcoin and gold, according to the report. CoinDesk added investors may still view the Fed’s monetary policy as accommodative and come to expect further rate hikes, while confidence in the central bank’s ability to contain inflation could also erode. In that scenario, Bitcoin could draw attention as a store of value that can avoid currency debasement and Treasury risk, potentially rising after an initial bout of selling, according to the analysis.

AI is having an overall negative impact on the crypto industry, Phemex CEO Federico Variola said in an interview with Cointelegraph, citing capital leaving the sector for other fields and more threatening hacking capabilities for attackers. Variola said rising security costs are putting greater pressure on small teams and could deepen centralization during the response process. At the same time, Variola added AI agents could still be useful for portfolio construction and trading decisions.