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Bitcoin, Ethereum Dip: Top Analyst Says BTC Whales 'Staying on Sidelines' as CPI Data, Fed Move on Interest Rates Loom

Bitcoin slid below $79,000 while Ethereum wobbled within the $2,440-$2,522 range on Thursday as investors reacted to a spike in Treasury yields and rising tensions between the U.S. and Iran.

Leading chartist and on-chain researcher Ali Martinez noted that Bitcoin whale holdings have stayed flat over the past week.

“That suggests large holders are staying on the sidelines as they await the upcoming CPI report and FOMC meeting before making their next move,” the analyst stated.

CLARITY Act Passage Tumbles to a 14% Chance: Is the Senate Vote too Little too Late?

The crypto market structure bill is becoming a high-stakes political bet, with prediction markets and Washington insiders sending sharply different signals on its chances of passing.

Polymarket currently places the CLARITY Act’s passage odds at roughly 14%, while some Capitol Hill sources privately estimate the probability at just 3% to 5%.

One industry insider on Wednesday argued that lawmakers broadly expect the bill to fail but are reluctant to say so publicly after the crypto industry spent tens of millions of dollars and roughly 18 months lobbying for the legislation.

Global Access or Regulatory Risk? Robinhood Accelerates Crypto-Linked Strategy

Robinhood Markets Inc. is expanding deeper into crypto-linked products and tokenized securities, with CEO Vlad Tenev positioning the strategy as a way to broaden global access to U.S. assets.

Needham analyst John Todaro sees improving crypto activity and new products supporting the company’s growth.

Tenev said that Robinhood wants to make high-quality U.S. financial assets easier to access globally through stock tokenization.

"What tokenization does is it allows us to distribute access to, uh, U.S. stocks globally," Tenev said.

Ledger Hires New Security Chief as Crypto Hacks Hit $1.4 Billion

Ledger SAS, a maker of hardware devices used to store cryptocurrencies, is combining oversight of its internal technology systems and security under a single executive, as a rise in artificial intelligence-fueled crypto attacks pushes companies to rethink their defenses.

Paris-based Ledger has hired Oded Blatman as chief information officer and chief security officer, it said in a statement on Wednesday. Blatman — who was previously at blockchain firm Fireblocks — will have a broad remit including cyber and infrastructure security, product, physical and workplace security, as well as internal IT and enterprise risk, the company said.

Combining these responsibilities under one executive will help ensure the company’s defenses evolve in step with cyber threats that are becoming ever more sophisticated, Ledger said.

AI Boom Wrecks Trump's Plan for ‘Made-in-America’ Bitcoin Mining

Donald Trump’s pledge to ensure that Bitcoin mining activity is centered in the US is rapidly disintegrating under the twin forces of the artificial intelligence boom and a prolonged crypto slump.

Even after a recent rally, Bitcoin’s overall market value is down about $1 trillion from an October 2025 peak, while the economics of mining the token — verifying transactions to earn rewards — have scarcely ever looked less appealing.

Soaring AI consumption has triggered a rush among miners to convert their facilities into data centers tailored to the industry’s needs. By the end of the year, public miners are expected to generate most of their revenue from AI. Some manufacturers of crypto mining hardware are following suit by pivoting to AI.

Consequently, Bitcoin mining is using up 18% less compute power today than in October last year, according to data tracked by Seattle-based crypto mining services provider Luxor Technology. But the market isn’t just shrinking, its center of gravity is shifting too — away from the US toward China and Russia, reversing a years-long trend.

Bitcoin Spot ETF Flow

The overall net outflow of the US Bitcoin spot ETF on Wednesday was $120.24 million. The total net asset value of Bitcoin spot ETFs is $99.33 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.31%.

The Bitcoin spot ETF with the highest net inflow on September 9 was ARK 21Shares Bitcoin ETF, with a net outflow of $77.98 million, according to SoSoValue.