As the CLARITY Act heads to a key Senate vote, Robinhood’s tokenized-stock dispute grows and Fed hike bets rise; today’s BTC price is near $77.7K in Greed sentiment. BTC price is near $77.7K, up about +1.0% from the weekend reference level of around $76.8K. ETH is trading near $2,510, up about 1.3% from approximately $2,478. Both major crypto assets have recovered to some extent after their weekend pullback. However, BTC has yet to reclaim the recent area above $80K, while ETH has moved back toward the $2.5K level. The latest Crypto Fear and Greed Index stands at 57, keeping market sentiment in Greed. This is lower than 61 yesterday and 71 last week, indicating that sentiment has cooled from previous levels. In the derivatives market, total crypto liquidations reached approximately USD 278 million over the past 24 hours. Long liquidations accounted for around USD 196 million, while short liquidations totaled about USD 82.5849 million. Long positions therefore represented the larger share of the latest liquidation activity. If BTC falls below $73,763, cumulative long liquidation intensity across major trading platforms could reach approximately USD 1.319 billion. If BTC rises above $80,984, cumulative short liquidation intensity could reach around USD 1.057 billion. For ETH, a drop below $2,389 could expose approximately USD 889 million in cumulative long liquidation intensity. A move above $2,626 could bring cumulative short liquidation intensity to around USD 815 million. Both BTC and ETH currently remain between major liquidation clusters on either side of the market, showing that leveraged positions are still concentrated above and below current prices. Meanwhile, the latest U.S. inflation data has strengthened market pricing for a Federal Reserve rate hike. Interest rates, Treasury yields, the U.S. dollar and energy prices have again become important external factors for risk assets. Overall, crypto prices have stabilized while sentiment remains in Greed. At the same time, derivatives liquidations and major macro policy events remain in focus.

Source: Alternative

Key News Highlights:

Final CLARITY Act Revision Heads to Crucial Senate Vote

U.S. Senate Republicans have released the latest revised version of the CLARITY Act as they seek additional Democratic support ahead of a key procedural vote. The new text runs about 635 pages and was released by Senate Banking Digital Assets Subcommittee Chair Cynthia Lummis together with John Boozman and Tim Scott. The revised version further adjusts ethics rules governing federal officials and their involvement with digital assets. Lummis said U.S. President Donald Trump had agreed to the relevant provisions. The bill also includes revisions to the Blockchain Regulatory Certainty Act and provisions related to stablecoin yield. The two parties have continued to disagree over several issues. These include conflicts of interest involving government officials, stablecoin yield, protections for decentralized developers and regulatory enforcement authority. The latest version also revises parts of the enforcement framework. It expands the role of state-level authorities in certain areas to address demands raised during previous bipartisan negotiations. The Senate is scheduled to hold a procedural vote on September 15. The vote will determine whether the bill can advance to further floor debate and amendments rather than decide whether it becomes law. If the procedural motion receives enough support, senators will still be able to propose changes and continue debating the bill. After roughly a year of bipartisan negotiations, the crypto market structure legislation is once again reaching a major stage in the U.S. legislative process.

Robinhood CEO Responds to RWA Tokenized Stock Dispute

Robinhood CEO Vlad Tenev said stock issuers should not automatically have veto power over tokenized stock products when those products do not alter shareholder rights, corporate obligations or the company’s official shareholder records. According to Tenev, issuer involvement should depend on whether a product directly changes the legal rights and responsibilities attached to the underlying securities. If a tokenized product changes shareholder rights or creates new obligations for the company, the issuer should be involved. The same applies if the product requires the company or its transfer agent to modify official records. By contrast, Tenev argued that prior issuer approval should not always be required when a third party creates a separate financial instrument backed by freely transferable shares without changing the company’s capital structure. His comments followed public criticism from AMC Entertainment CEO Adam Aron over Robinhood’s tokenized stock products. AMC previously said it had no affiliation with the products and planned to ask securities counsel to review the matter. Tenev said Robinhood Stock Tokens use a third-party structure and are backed 1:1 by the underlying shares. The products provide economic exposure to stocks and ETFs without directly changing a listed company’s cap table, shareholder records or existing stockholder rights. The dispute centers on whether third parties can create on-chain financial instruments linked to publicly traded shares without obtaining approval from the issuing company. As the tokenized securities market develops, the boundaries between issuer rights, third-party product structures and existing securities frameworks continue to draw attention.

Nvidia Reportedly Considers Up to USD 10 Billion Investment in Anthropic IPO

Anthropic is in talks with Nvidia over a potential investment that could see Nvidia commit as much as USD 10 billion to Anthropic’s future initial public offering, according to Reuters. The discussions remain ongoing, and the final investment terms and amount could still change. People familiar with the matter said Anthropic is seeking to raise as much as USD 100 billion through the IPO. Under the terms currently being discussed, the company could receive a valuation of around USD 2 trillion. An offering of that size could become one of the largest IPOs ever. If Nvidia participates, it could become an important early strategic investor in Anthropic’s listing plan. The two companies already have ties through computing infrastructure and hardware supply. A potential investment would therefore deepen their relationship across both capital and AI infrastructure. The talks remain confidential, and the sources asked not to be identified. The deal structure, fundraising target and valuation have not yet been finalized. Reuters reported that Anthropic declined to comment, while Nvidia had not responded to a request for comment before publication.

Fed Rate Hike Expectations Rise as Trump Again Calls for the World’s Lowest U.S. Interest Rates

U.S. President Donald Trump again said the United States should have the lowest interest rates in the world ahead of this week’s Federal Reserve policy meeting. His comments continue his public push for lower domestic borrowing costs. At the same time, the latest U.S. inflation data has strengthened financial market expectations for another Federal Reserve rate hike. The Fed is scheduled to meet on September 15 and 16. The latest August consumer price data showed that inflationary pressure remains elevated. Interest-rate futures now price the probability of a 25-basis-point hike at close to 90%, up further from the previous week. Goldman Sachs has also revised its previous forecast and now expects the Fed to raise rates by 25 basis points at its September meeting. Several other Wall Street institutions have recently increased their expectations for tighter monetary policy. The current federal funds target range stands at 3.5% to 3.75%. Beyond inflation data, recent moves in energy prices and U.S. Treasury yields have kept attention on the outlook for prices and borrowing costs. Federal Reserve Chair Kevin Warsh has previously said policymakers may need to take further action if inflation does not return toward the central bank’s 2% target quickly enough. Trump continues to call for lower rates while markets increasingly price in further monetary tightening. This week’s Federal Reserve meeting has therefore become a major macro event for global financial markets.

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