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Shiba Inu Price Decision Ahead — Watch This Critical Zone

Elendu Benedict
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Shiba Inu Price Decision Ahead — Watch This Critical Zone

The Shiba Inu 6-day chart indicates a significant price development that could position the meme coin for a move to multi-year price levels.

Analyst CryptoNuclear shared this in his TradingView analysis on October 1, as Shiba Inu continues to consolidate around its current levels. The market commentator highlighted a long-term accumulation on the chart, which has been developing since 2022.

Since peaking at $0.00008854 in October 2021, Shiba Inu has been on a downtrend, making lower highs and lower lows. However, it has kept a crucial demand zone between $0.00000850 and $0.00001183, an area the analyst calls a “make-or-break” level.

Shiba Inu Back at Crucial Demand Zone: What Could Follow?

The recent market downturn has ensured that Shiba Inu has again retested the critical demand zone. Shiba Inu rallied to a month-high of $0.00001484 in September, but skepticism following a Shibarium bridge hack event and a broader market sell-off spurred a rejection of higher prices.

Currently at the crucial zone where large buyers have persistently defended, CryptoNuclear has identified two possible scenarios for Shiba Inu. First, he highlighted that the 6-day candles are beginning to tighten, suggesting that a strong breakout or breakdown is imminent.

Specifically, a breakdown will see Shiba Inu fall below the long-standing support area to lower prices, while a breakout will send the token to multi-year price levels. Until any of these events occur, the analyst advised traders and long-term investors to proceed cautiously.

Precise Shiba Inu Targets

Meanwhile, CryptoNuclear shared that prolonged consolidation around an accumulation zone typically precedes an explosive move. If SHIB does break upwards, it would rally to resistance levels above the current price of $0.00001189.

He identified the $0.00001580 supply zone as a breakout confirmation. If Shiba Inu breaks above with substantial volume and successfully retests this zone, it would target even higher prices.

Shiba Inu Price Targets
Shiba Inu Price Targets

Specifically, this sets Shiba Inu up for surges to $0.00001940, $0.00002400, and $0.00003338. SHIB could also reach the major supply clusters at $0.00007870 and $0.00008836. Notably, the latter is slightly below its current all-time high.

Nonetheless, if Shiba Inu loses the $0.000008850 and $0.00001183 support, it would break down to $0.00000543. Based on the current market price, this would represent a 54.3% decline.

As a result, the analyst advised keeping a close eye on the “make or break” support area. How Shiba Inu reacts will determine its macro direction into the 2025-2026 market phase.

Stripe Eyes US Banking Licenses to Expand Stablecoin Operations

Zabi
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Stripe Eyes US Banking Licenses to Expand Stablecoin Operations

Stripe is preparing to seek key banking licenses in the United States as it advances its stablecoin issuance efforts.

According to The Information, the global payment firm is planning to apply for a national trust charter with the Office of the Comptroller of the Currency (OCC). The license would allow the company to comply with new federal standards governing stablecoins. This, in turn, ensures it can continue offering digital asset products to clients.

In parallel, the company is also preparing to seek a trust license from the New York State Department of Financial Services (NYDFS). Both approvals are considered essential for firms seeking to issue and manage digital dollars under U.S. law.

Launch of “Open Issuance”

The regulatory push comes as Stripe rolls out Open Issuance, a new platform that enables businesses to create their own stablecoins within days. Through this platform, companies can mint or burn tokens and customize reserve allocations between cash and treasuries. Moreover, they can choose from a pool of trusted asset managers to help safeguard their funds.

Stripe says all stablecoins issued through the platform will be fully interoperable, ensuring seamless transfers between different issuers. The company also highlights that firms will be able to design reward systems tied to stablecoin reserves. Consequently, they gain additional opportunities to engage and retain customers.

Infrastructure Backed by Major Players

Open Issuance is built on Bridge, a stablecoin infrastructure startup acquired by Stripe for $1.1 billion in October 2024. To support treasury operations, Stripe has partnered with some of the world’s largest asset managers. Notably, among these are BlackRock, Fidelity Investments, and the blockchain-native firm Superstate.

Stripe argues that its solution reduces the compliance and liquidity risks businesses face when building stablecoins independently.

A Booming Market Under New Rules

Stablecoins have become one of the fastest-growing areas in the financial sector. The market is currently around $300 billion, and the U.S. Treasury projects it could expand to $2 trillion by 2028.

The surge has been aided by the GENIUS Act signed into law in July 2025 under the Trump administration. The legislation set out a federal framework for stablecoin oversight, prompting financial companies to explore opportunities in the sector with greater confidence.

Expanding Beyond Traditional Payments

The company’s stablecoin ambitions are part of a broader push into the cryptocurrency sector. In May 2025, Stripe launched a money management feature that allows businesses in 101 countries to hold and transfer U.S. dollar stablecoins. The next month, it acquired crypto wallet startup Privy, strengthening its infrastructure for digital payments.

Shiba Inu Approaches Major Rebound Zone — Will SHIB Bounce

Lele Jima
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Shiba Inu Approaches Major Rebound Zone — Will SHIB Bounce

Renowned crypto analyst Coinvo recently highlighted that Shiba Inu is approaching a critical level. 

Despite stating that Shiba Inu was nearing a “major resistance level,” the accompanying chart suggests otherwise. In the chart, the analyst highlighted $0.00001150 as a critical support level for Shiba Inu this year. 

Each time SHIB reached this point, buying pressure usually emerged, countering the sell-off and preventing deeper declines. The chart reveals that in March, after hitting this level, SHIB rebounded to approximately $0.000014 before correcting. 

A similar pattern occurred in April, when the token again tested the level and bounced back to around $0.00001550. Most recently, in late June, SHIB revisited the support zone amid heightened market volatility following the armed conflict between Israel and Iran. Despite the selling pressure, Shiba Inu once again recovered, climbing to nearly $0.00001570 in July. 

Coinvo Shiba Inu chart
Coinvo Shiba Inu chart

Shiba Inu Nears Crucial Support Level Again 

Currently, the canine-themed token is once again approaching this level, raising questions about whether history will repeat itself. A decisive bounce from this support could set the stage for renewed bullish momentum, potentially driving SHIB’s price upward, as observed on several occasions this year. 

However, if support fails to hold, Shiba Inu investors may experience accelerated sell-offs, paving the way for deeper corrections. At the time of Coinvo’s analysis, SHIB was trading at around $0.00001170. It has rebounded slightly to $0.00001190, reflecting a 24-hour increase of 0.68%. 

Selling Pressure Concerns Ease As Exchange Reserves Hit 2-Year Low 

Interestingly, concerns about potential sell-offs have eased following reports that SHIB’s exchange reserves have fallen sharply. It recently hit a two-year low of 84.49 trillion tokens. At the time of writing, the figure had dropped further to 84.34 trillion SHIB.

This decline suggests reduced selling pressure, as fewer tokens are available on exchanges, potentially lowering the risk of Shiba Inu breaking below the $0.00001150 support level. 

Bullish Expectations for October 

Meanwhile, Shiba Inu community analyst Shib Spain speculated that the long-anticipated altcoin season could begin this month.

October has historically been a strong month for SHIB, with the token recording gains of 833% in 2021, 10.4% in 2022, 6.04% in 2023, and 2.46% in 2024. As October 2025 gets underway, Shiba Inu has already climbed 0.56% within the first few hours of the month. 

Here’s How Much XRP You Need to Enter XRP Rich List as Price Drops Below $3

Mark Brennan
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Here’s How Much XRP You Need to Enter XRP Rich List as Price Drops Below $3

The latest XRP rich list update indicates that investors now have a chance to enter the top 10% at lower costs amid the current price struggles.

For context, XRP has continued to face downward pressure over the past few weeks after dropping from the $3.18 top of Sept. 13. Since this peak, XRP has collapsed by over 10%. Having relinquished the $3 psychological price level on Sept. 21, the altcoin currently trades for $2.84.

XRP Rich List Requirement Drops

However, amid this price struggle, some market commentators believe there is an opportunity for investors to either enter the XRP market or accumulate more tokens at a reasonable discount. Interestingly, data from the XRP rich list also provides this opportunity for market participants looking to enter the coveted list.

Notably, the requirement for entering the top 10% has dropped drastically both in unit and dollar values. Specifically, to enter the top 10% now, investors would need to hold exactly 2,362 XRP tokens. With XRP currently changing hands at $2.84, these tokens hold a value of around $6,708.

XRP RIch List
XRP RIch List

This is the first time in months that the capital requirement for entering the top 10% of the XRP rich list has slumped below the $7,000 mark. Notably, this requirement was 2,433 XRP worth $7,299 in early August. By late August, it dropped to $7,188 and then collapsed further to $7,131 in September. Today, it sits at $6,708, marking a decrease of nearly $600 since early August.

Requirements for Other Categories 

Similarly, the requirements for higher levels on the XRP rich list have also reduced in units and dollar values. For instance, during the Sept. 12 report from The Crypto Basic, it cost 8,301 XRP (worth $24,903) to become a top 5% address. Now, this figure has dropped to 8,229 XRP worth $23,370. Investors now need over $1,500 less to enter this category.

For the top 1% on the XRP rich list, a market participant would need to procure and hold 50,004 XRP tokens, currently valued at $142,011. This represents an observable decline from the 50,025 XRP worth $150,075 required as of Sept. 12. This indicates that an investor would now spend $8,000 less to become a top 1% holder.

While most investors may see this as an opportunity to enter the rich list at discounted prices, several market watchers believe those who wish to should take advantage of the opportunity soon. For instance, Coach JV recently suggested that XRP’s next explosive moment would be “fast, unexpected, and unforgiving.”

Interestingly, while the requirements for entering these XRP-rich list categories have declined, the addresses in each category have instead increased. Particularly, there are now 705,004 addresses in the top 10% and about 352,500 addresses among the top 5%. For the top 1%, the addresses in this category have risen to 70,500.

Thumzup Media Invests $2.5M in Dogecoin Mining Expansion

Mark Brennan
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Thumzup Media Invests $2.5M in Dogecoin Mining Expansion

Thumzup Media, a digital advertising company with ties to the Trump family, has approved a $2.5 million loan to DogeHash Technologies, supporting the deployment of over 500 Dogecoin ASIC miners.

The funding could raise DogeHash’s total fleet to more than 4,000 machines by year-end, strengthening its position in the fast-growing mining sector.

The financing comes as Thumzup moves forward with plans to acquire DogeHash. The acquisition is pending shareholder approval. If finalized, it will align Thumzup more closely with Dogecoin’s infrastructure ecosystem.

Thumzup’s Expanding Crypto Treasury

Notably, this is not Thumzup’s first step into the crypto space. Earlier this year, the company began accumulating Bitcoin and Dogecoin for its corporate treasury. It now holds 19 BTC and 7.5 million DOGE, with a combined value of roughly $3.85 million.

The board has already approved a plan to increase that figure well beyond the current amount. Thumzup has authorization to hold up to $250 million in digital assets. This move places it among a growing number of companies treating cryptocurrencies as long-term reserves.

DogeHash CEO: Loan Is a “Catalyst”

CEO Parker Scott described the investment as a “catalyst” that would allow the company to deploy “cutting-edge” ASIC machines during what he called a pivotal stage for the Dogecoin network.

Indeed, mining efficiency is increasingly critical as competition grows. More powerful ASICs enable higher hash rates at lower energy costs, a combination that can determine profitability in a market where margins are often tight.

Dogecoin Volatility and Thumzup Stock Slide

However, the move comes amid volatility in the Dogecoin market. The token remains far from its all-time high of $0.75, reached during the 2021 bull run. Currently, Dogecoin is trading at about $0.23, according to CoinGecko, after briefly crossing $0.30 earlier in September.

At the same time, Thumzup stock has also faced a sharp correction. Shares currently trade near $5.20, down more than 65% from an August peak above $15. 

Competitors Double Down on Dogecoin

Thumzup is not the only company betting big on Dogecoin. CleanCore Solutions, a Nasdaq-listed firm with ties to the Dogecoin Foundation, recently revealed that it now holds more than 600 million DOGE. 

The company has also committed to acquiring up to 1 billion tokens and has openly stated its goal of eventually controlling 5% of Dogecoin’s circulating supply.

ETF Tailwinds Provide Support

The Dogecoin market received another boost in September with the launch of the REX-Osprey Dogecoin ETF (ticker: DOJE). The fund recorded $17 million in first-day trading volume, ranking it among the top ETF debuts of 2025.

Bloomberg analyst Eric Balchunas noted that DOJE’s early performance places it in the top five launches out of more than 700 ETFs this year, reflecting a strong appetite for Dogecoin-linked financial products.

Early XRP Investor Says It’s Time to Dump XRP After Big News

Abdulkarim Abdulwahab
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Early XRP Investor Says It’s Time to Dump XRP After Big News

An influential voice in the XRP community is calling for an exit as Ripple’s long-serving Chief Technology Officer, David Schwartz, announces his resignation.

In a heartfelt post, Schwartz revealed he will step down from his day-to-day duties at the end of the year, after more than 13 years at Ripple. He reflected on his decades in blockchain, highlighting his role in co-creating the XRP Ledger and shaping Ripple’s technological direction.

Schwartz says it’s now time to move on. He expressed gratitude for the journey and contributions. In parallel, he shared his desire to spend more time with family and personal hobbies.

He noted that he will continue working on XRP-related projects and serve on Ripple’s Board of Directors as CTO Emeritus.

Responding, many in the XRP community appreciated Schwartz’s role in building the XRP Ledger and wished him well in his next chapter. However, the move has sparked unease within the community. Some see it as a sign that Ripple may be entering a new and uncertain phase.

“Time to Sell XRP”

Influential trader and early XRP investor Crypto Bitlord seized on the news to issue a “time to sell XRP” warning.

Bitlord argued that Schwartz’s decision to step down comes at a critical time, as Ripple faces intensifying competition, particularly after SWIFT unveiled its own blockchain ledger in partnership with Consensys and over 30 global banks.

He claimed that Ripple’s lack of meaningful cash flow, beyond its XRP sales to the public, exposes a fundamental weakness. According to him, Ripple’s reliance on retail dumping is fading, and Schwartz’s joining the board is more about preparing for a potential IPO than signaling growth for XRP itself.

Investor Frustration

Bitlord, who once urged followers to “buy XRP for the love of God,” has grown increasingly vocal about his disappointment in the token. He lamented that, after more than a decade of holding, XRP has failed to reach life-changing price levels.

Recently, Bitlord warned that he would “sell every last cent” if XRP ever dropped back to $2, calling it proof of a failed investment. XRP’s ongoing price stagnation, despite occasional surges, has led some holders to question whether it can still fulfill its promise. Meanwhile, many remain bullish, seeing heightened negative narratives as a bullish factor.

What Comes Next for XRP?

The timing of Schwartz’s announcement coincides with SWIFT’s high-profile reveal of a blockchain-based shared ledger.

For years, Ripple positioned XRP as a replacement for SWIFT’s global payment rails. But with SWIFT now integrating blockchain directly, the case for XRP as a “SWIFT killer” becomes increasingly fragile.

Community commentators note that financial institutions are far more comfortable upgrading their existing systems than adopting XRP, further weakening the long-standing argument that Ripple could dominate cross-border payments.

Meanwhile, Schwartz emphasized that his departure is a personal decision. He will remain involved with Ripple as a board member.

As for XRP, Schwartz said he plans to stay active in the community, exploring new use cases for the XRP Ledger beyond Ripple’s current focus. He expressed a strong desire to return to hands-on development, coding, experimenting, and potentially launching new initiatives.

Users Can Now Swap Cardano Across 20+ Chains, Hoskinson Reacts

Elendu Benedict
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Users Can Now Swap Cardano Across 20+ Chains, Hoskinson Reacts

The NEAR Protocol has announced the integration of Cardano on the NEAR Intents platform, offering ADA holders more cross-chain functionalities.

The NEAR Protocol disclosed this in a tweet on September 30, confirming earlier speculations. Notably, Cardano becomes the latest major cryptocurrency added to the expanding Intents system, providing users with a new platform for seamless swaps across multiple blockchains.

 

Cardano Live on NEAR Intents

For the uninitiated, NEAR Intents refers to an organized framework that allows users to swap their tokens across the multiple chains integrated into the protocol. The abstraction tool delivers the user’s desired cross-chain transactional outcome through its competitive network of “solvers.”

Notably, the possibility of the ADA collaboration first surfaced in July when a NEAR community figure, Vini Barbosa, uncovered an early-stage Cardano integration on PikesPeak. The NEAR developers were testing out the ADA smart contract “cardano.omft.near” at the time, with yesterday’s announcement confirming this.

What NEAR Intents Integration Means for ADA Holders

Remarkably, the integration now provides ADA holders with a range of options for their cross-chain transactions, thereby enhancing the Cardano ecosystem’s appeal. This means that ADA is now in more markets, also allowing users to explore new options for multi-chain swaps.

The NEAR Intents platform has over 20 chains and 100 assets on its protocol. The most popular of them include Bitcoin, Ethereum, XRP, USDT, and Solana. Cardano’s integration now makes swapping ADA for these assets seamless and bridgeless.

Cardano Founder Glad to Work With NEAR

Meanwhile, the Cardano and NEAR communities cheered the announcement. They expressed their excitement about the collaboration, tipped to be bullish for both parties.

Specifically, Cardano founder Charles Hoskinson also showed enthusiasm over the development. He took to X to share that he is glad to be working with the NEAR Protocol team, insisting that they are “great.”

Hoskinson also suggested that the NEAR Intents are the future of crypto. Meanwhile, he did not provide further context for this.

The founder has been public about his support for Cardano despite widespread criticism from a faction of the community. He recently applauded the new partnership between privacy-focused Cardano sidechain Midnight and Google Cloud.

Cardano Founder Hails This Major Partnership

Lele Jima
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Cardano Founder Hails This Major Partnership

Cardano founder Charles Hoskinson expressed his excitement over the Midnight Foundation’s newly announced partnership with Google Cloud.

Yesterday, the Midnight Foundation, a nonprofit that focuses on the growth of Cardano’s privacy sidechain Midnight, confirmed its partnership with Google Cloud. 

According to the announcement, the partnership would accelerate the commercialization of zero-knowledge proof (ZKP) technology while developing a privacy-first infrastructure for next-generation digital systems. 

Midnight’s Role 

The collaboration will tackle key challenges facing most blockchains, particularly the issue of publicly exposed data, which has hindered adoption in sensitive sectors such as healthcare and finance. 

Notably, the announcement framed the Midnight Network as the solution that can address this challenge. It pointed out that Midnight’s infrastructure integrates programmable privacy through zero-knowledge smart contracts, enabling selective disclosure of data across various sectors. 

This enables organizations to safeguard sensitive data while remaining fully compliant with regulations. For instance, financial institutions can leverage Midnight for private, regulatory-compliant transactions and cross-border payments. 

Additionally, governments can tap Midnight to issue secure digital identities without exposing personal information. At the same time, healthcare providers can use it to share medical data for research purposes without compromising patient privacy.

Google Cloud’s Function 

Meanwhile, Google Cloud’s role in the partnership involves managing the core infrastructure of the Midnight Network, including becoming a validator. The tech giant will also provide confidential computing technology that blocks even cloud providers from accessing sensitive data. 

Beyond simple infrastructure support, Google Cloud will also deliver advanced threat monitoring and incident response through its cybersecurity arm, Mandiant. This provision will enhance security for developers building on the Midnight network. 

Cardano Founder Reacts 

The announcement of the partnership quickly went viral within the crypto community. Hoskinson took to X to celebrate the development, expressing pride in working with Google on Midnight. He describes it as a great company that brings significant value to the Cardano ecosystem. 

Since the introduction of Midnight, its foundation has teamed up with several projects to enhance its development and performance. Some of its early partners include Web3 game development company Paima Studios and enterprise data platform Maestro. 

Midnight is preparing for its mainnet launch, scheduled for later this year. In the meantime, users are still claiming their share of NIGHT tokens in the ongoing Glacier Drop, with more than 1.6 billion tokens already claimed. The claim portal will close on October 4 at 13:00 (UTC), bringing the Glacier Drop to an end.

Following this, the Scavenger Mine will launch immediately, allowing users to earn a portion of the unclaimed NIGHT tokens by completing computational tasks.

The second phase will run for 30 days. The Lost-and-Found phase will follow immediately, allowing eligible beneficiaries who missed the Glacier Drop to claim their tokens. 

Tether Buys $1B in Bitcoin, Total BTC Holdings Near $10B

Zabi
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Tether Buys $1B in Bitcoin, Total BTC Holdings Near $10B

Tether, the issuer of the world’s largest stablecoin, has boosted its Bitcoin reserves by $1 billion, bringing its total holdings to almost $10 billion.

Data from Arkham Intelligence reveals that a wallet labeled “Tether: Bitcoin Reserves” recently received 8,889 Bitcoin from Bitfinex, a crypto exchange closely linked to the company. 

The new addition raises the value of Tether’s Bitcoin reserves to approximately $9.79 billion, based on the prevailing market price. This transfer represents one of the largest single top-ups to Tether’s Bitcoin balance this year. 

Consistent Buying at Quarter-End

Tether’s Bitcoin purchases are not random. Historical blockchain activity indicates that the company often tops up its Bitcoin wallet at the end of each quarter. Similar transactions were observed in September 2024, December 2024, and March 2025.

Market analysts suggest that this pattern reflects Tether’s intention to strengthen its balance sheet ahead of quarterly attestations.

Beyond direct accumulation, Tether has also been active in Bitcoin-related investments. In June, the firm provided $1.4 billion worth of BTC to Twenty One Capital (XXI), a Bitcoin treasury company led by CEO Jack Mallers.

The move sparked speculation that Tether might be considering shifting some of its reserves into gold. However, CEO Paolo Ardoino dismissed those claims, reiterating that Bitcoin remains a core part of the company’s long-term reserve strategy.

Reserves and Financial Attestations

As of the end of June, Tether reported $8.9 billion in Bitcoin reserves, according to its second-quarter attestation. The next official report, due in late October, will confirm updated holdings, including the latest billion-dollar purchase. 

These attestations play a crucial role in building trust. Critics of Tether have long questioned the transparency of its reserve management.

USDT Supply Nears $175 Billion

Alongside Bitcoin accumulation, the supply of USDT has continued to expand. CoinGecko data shows the stablecoin’s circulating supply has climbed to approximately $174.6 billion, a 10.7% increase over the past quarter.

USDT remains the most widely used stablecoin worldwide, dominating both centralized exchanges and decentralized finance (DeFi) platforms. Its expansion highlights the rising demand for dollar-pegged assets in crypto markets, particularly during periods of volatility.

Expansion into the U.S. Market

Meanwhile, Tether is formally entering the U.S. market. The company has established a domestic branch led by Bo Hines, a former White House advisor on crypto policy. 

In addition to USDT, Tether is developing a federally compliant stablecoin, USAT, signaling a strategic shift toward adoption in the regulated U.S. financial system.

Developer Says Cardano Will Surprise Many People This Cycle as Expert Targets $2 ADA Price

Lele Jima
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0
Developer Says Cardano Will Surprise Many People This Cycle as Expert Targets $2 ADA Price

A prominent Cardano developer has expressed strong optimism about ADA prospects in the current market cycle, suggesting the token could deliver unexpected gains. 

The bullish perspective emerges as Cardano’s native token, ADA, remains under bearish pressure. Its price dipped in the past 24 hours, extending its weekly and monthly losses to 4.01% and 4.07%, respectively.

“Cardano Will Surprise A Lot of People”

Despite this discouraging performance, enthusiasts have remained optimistic about the token’s potential. Notably, developer Invited Phil echoed this sentiment today, stating that ADA will surprise many people in the current market cycle.

Phil expects the token to outperform people’s expectations before the cycle concludes. With the cycle expected to reach a peak by December 2025, the Cardano community remains confident that ADA is poised for a rally.

ADA Is Going to $2

Interestingly, community figure Austin Arnold of Altcoin Daily in a tweet predicted that ADA will reach the $2 price mark. To him, reaching $2 is “obvious.”

From its current value of $0.7923, ADA would need to rally by 152% to achieve this target, increasing its market cap to approximately $71.62 billion.

Altcoin Daily’s $2 forecast is conservative when compared to ambitious targets in the community. For example, the AI model Deepseek projects a potential rally to $7 before year-end. Cardano stake pool operator (SPO) Ssebi envisions an even steeper climb toward the $10 level.

Investor sentiment around ADA further confirms this outlook. CoinMarketCap’s community sentiment data reveals that 88% of members remain bullish on ADA, while only 12% hold a bearish outlook.

“Giga Bull Run Is Imminent”

In July, Cardano founder Charles Hoskinson predicted the coming of a ‘gigachad’ bull run. He forecasted that Bitcoin’s price could reach $250,000, with trillions of dollars entering the altcoin market. He pointed to the GENIUS Act and the CLARITY Act as the key catalysts for the anticipated “gigachad bull run.”

The GENIUS Stablecoin Act was signed into law in July. However, the CLARITY Act is still under review in the U.S. Senate. Analysts believe the CLARITY Act could also be passed this year, ushering in long-awaited regulatory clarity for the digital asset market.

If enacted, the legislation could alleviate concerns among traditional investors who have mostly stayed on the sidelines due to regulatory uncertainty. This could unlock a new wave of capital inflows and impact the prices of cryptocurrencies.

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