Bitcoin, XRP and ETH recovered on Monday as the CLARITY Act moved closer to a September 15 vote. Bitcoin pushed past $79K per Cointelegraph, while oil prices cooled after Trump suggested the Iran war could end. The move came as AI slowdown calls sank Nvidia and Intel stocks, pushing capital toward alternatives.
The CLARITY Act faces a Tuesday vote after an ethics deal.
Senator Lummis credited Trump for an ethics deal that cleared the path for the legislation, according to Bitcoin Magazine. The bill would set a regulatory framework for digital assets, which is why the industry has pressed for its passage. A vote on September 15 could determine whether it advances.
But the vote is not guaranteed. Coinpedia asks whether Bitcoin, Ethereum and XRP prices would rally if the CLARITY Act passes, suggesting the market is pricing in uncertainty rather than confidence. Traders appear to be hedging their positions ahead of the decision.
BitFuFu production rebounds as Canaan slips in August.
Bitcoin production rebounded in August for BitFuFu, reported by The Block. CleanSpark also edged higher over the same period. But Canaan slipped, showing mining economics are splitting across operators rather than lifting the whole sector uniformly.
The divergence matters because production data reveals which operators can handle the current difficulty level. BitFuFu's rebound suggests its infrastructure adapted to August conditions. Canaan's slip points to the opposite problem.
Nvidia and Intel slide as AI slowdown calls hit chip stocks.
Bitcoin climbed as AI slowdown calls sank Nvidia, Intel and other chip stocks, according to Decrypt. The selloff in tech pulled capital toward alternative assets, including Bitcoin. Jack Mallers said Bitcoin and AI could give humans back their time, per Bitcoin Magazine.
The chip selloff reflects broader worries about AI spending cooling. When major tech names fall on those fears, investors often rotate into assets outside the traditional technology cycle. Bitcoin benefited from that rotation on Monday.
Swiss Bitcoin Pay shuts servers after a data breach.
Swiss Bitcoin Pay shut down its servers after a data breach, reported by Bitcoin Magazine. The incident raises fresh concerns about the security of crypto payment processors. No timeline for restoring service has been publicly confirmed.
The shutdown adds pressure on payment platforms already dealing with regulatory scrutiny. Users of the service face uncertainty about access to their funds during the outage. The breach has not yet been linked to any specific threat actor publicly.
All eyes turn to September 15, when the CLARITY Act vote will decide whether the recovery holds or reverses.