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Clarity Act Vote, ETH Supply Squeeze & Bitcoin's Hashrate Bear Market
Audio is available on Spreaker — see link below.
The September 15 Clarity Act vote, a surging ETH supply crunch, and Bitcoin's historic hashrate decline dominate today's crypto market briefing. Plus: SEC's parallel rulemaking track, an $80M Ponzi bust, and how the Fed's next move sets the macro stage for everything.
Audio is available on Spreaker — see link below.
A procedural vote on the Clarity Act is now locked in for September fifteenth. That's the most consequential near-term date in U.S. crypto legislation, and the industry is watching it with something closer to resignation than optimism.
The important distinction here is what happens if the Clarity Act fails. The SEC hasn't been waiting.
Shift to Ethereum, where the institutional picture is accelerating fast. BitMine acquired fifty-three thousand five hundred and one ETH in a single week, its largest purchase since June, extending a sixty-five-week buying streak.
Bitcoin's network hashrate is now down twenty-two to twenty-four percent from its late twenty twenty-five peak of one point three zettahashes per second. That's the longest stretch between a hashrate all-time high and recovery in Bitcoin's history, and the term "hashrate bear market" is no longer informal industry talk.
One enforcement action from this cycle deserves attention. The SEC has charged former executives at Pacific Private Money Group with running an eighty million dollar Ponzi scheme that defrauded roughly one hundred ninety retail investors.
The September Federal Reserve rate decision now sits as a binary macro event for crypto. Analyst Tom Lee's thesis is that if the Fed holds rates, Ethereum sees the sharpest FOMO-driven demand through year-end.
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