XRP Leads Crypto Higher Ahead of Senate CLARITY Vote and Fed Decision

Crypto extended its gains through the U.S. session on Monday as traders looked ahead to two scheduled federal events set to resolve within 48 hours: a Senate vote tied to market structure legislation on Tuesday afternoon and a Federal Reserve decision on Wednesday afternoon. Stocks and gold traded lower at the same time.

Cloture on the motion to proceed to H.R. 3633 ripens at 2:15 p.m. Tuesday and requires 60 votes. Earlier Monday, Senators Cynthia Lummis, John Boozman and Tim Scott released what they called the final text of the bill, hours before the Senate convened at 3 p.m.

Two federal events land within 48 hours

The Senate agreed in the early hours of Saturday, Aug. 8, to let the cloture motion ripen on a fixed clock. The unanimous consent agreement printed in the Senate Calendar of Business for Monday states: 「Notwithstanding Rule XXII, at 2:15 p.m. on Tuesday, September 15, 2026, the cloture motion with respect to the motion to proceed to H.R. 3633 … ripen.」 The Daily Digest for that session says 「a vote on cloture will occur at 2:15 p.m., on Tuesday, September 15, 2026,」 according to the Congressional Record.

Majority Leader John Thune filed the motion with 16 Republican co-signers. Government Publishing Office bill-status records show the Senate took no action on the bill between Aug. 8 and Monday. The last recorded roll call was Vote No. 231 on Aug. 8, according to the Senate. Republicans hold 53 seats, leaving the motion dependent on seven Democratic votes. The Defiant said it had reported that seven-Democrat math in June when the bill reached the floor calendar.

Lummis, Boozman and Scott said the latest draft includes 126 substantive changes requested by Democrats. The release also says it adds ethics language that reflects substantially all of the Tillis-Gallego proposal, including a role for state attorneys general, gives the Treasury Secretary authority to prevent deposit flight tied to payment stablecoins, and edits the Blockchain Regulatory Certainty Act to shield developers from money transmission registration.

Lummis, who chairs the Senate Banking Committee's digital assets subcommittee, said in the release: 「After a year of intense daily bipartisan negotiations, this bill is ready. A no vote on Tuesday means opposing real ethics reforms on politicians' personal investments, handing American leadership in digital assets to our foreign competitors, and leaving Americans with zero protections in the digital asset markets. Democrats got what they wanted; now they need to take yes for an answer.」

Seven Senate Democrats involved in negotiating the bill said in a July statement that the Republican text 「falls short」 and pointed to ethics, consumer protection, illicit finance, conflicts of interest and market integrity as areas that still needed work. None of their offices had posted a response to the September drafts at the time of publication. The Defiant said it had reported on the Sept. 10 substitute last week.

On Polymarket, the CLARITY Act was priced Monday afternoon at a 29.5% chance of being signed into law in 2026, on $16.6 million in cumulative volume. That was up from 18% on Friday.

Prediction markets lean toward a rate hike

Polymarket priced a quarter-point increase at Wednesday's Fed decision at 85.5%, with no change at 14.5%, on $156.9 million of volume. Earlier Monday, those figures stood at 83.5% and 15.5%. A quarter-point cut traded at 0.25%.

The Federal Open Market Committee meets Sept. 15-16 and will publish a Summary of Economic Projections alongside its statement. Traders made an increase the favored outcome on Aug. 31 after Chair Kevin Warsh's Jackson Hole speech, when Polymarket put the odds at 55.5%. The Defiant said it covered that move at the time. The odds fell to 43% on Sept. 3 after Governor Christopher Waller signaled a hold, then moved higher again after the August payrolls report.

Treasury data show the 10-year par yield closed Friday at 4.96% and the 30-year at 5.35%, versus 4.80% and 5.25% on Sept. 8. The two-year closed at 4.63%. Monday's yields were due after the close.

Bitcoin tops $79,000 while XRP leads major tokens

Bitcoin last changed hands at $79,164, up 2.3% over 24 hours and down 0.1% over seven days, according to CoinGecko. Coinbase recorded a 24-hour range of $76,347.27 to $79,264.91, with the high set after the New York open.

Ether traded at $2,541.82, up 1.3% on the day and 2% on the week. XRP climbed 7.7% to $1.46, Solana added 2.4% to $103.69 and BNB rose 0.9% to $727.46.

Total crypto market value stood at $2.773 trillion, up 2.3% over 24 hours, on $77.6 billion of volume. Bitcoin dominance was 57.2%, CoinGecko data show. Among the 121 largest non-stablecoin tokens, 79 rose and 40 fell.

"The Clarity vote is Tuesday and the Fed is Wednesday. Two binary events in 48 hours with volatility this cheap. That setup never lasts long," Maxime Seiler, chief executive and co-founder of options market maker STS Digital, said in commentary emailed to reporters on Monday morning.

Stocks and gold slip as oil gives back much of its spike

At 2:31 p.m. ET, the S&P 500 traded at 7,632.53, down 0.3% from Friday's close of 7,656.98, while the Nasdaq Composite stood at 26,280.37, down 0.2%, according to Yahoo Finance. Both indexes traded lower through the morning. At 11:24 a.m. ET, the S&P 500 was at 7,608.07 and the Nasdaq at 26,134.68. Gold fell 1.3% to $4,351.10 an ounce.

Crude gave back most of an overnight spike. West Texas Intermediate traded at $101.42 a barrel, up 1.4% on the day after touching $103.55 in the morning. Brent traded at $105.81, up 1.2%, after reaching $108.53. WTI remained 5.6% above its Sept. 9 close of $96.05. The Defiant said it had covered Brent's move through $100 last week.

Seiler linked the oil move to monetary policy. "Oil above $107 hits everything: consumer wallets, industrial margins, equity multiples. But oil is a symptom, not the cause," he said. "Volatility is still cheap, so traders use delta replacement and topside structures to stay long in a risk-controlled way, and sell calls in alts that ran hard."

The Crypto Fear & Greed Index read 57 on Monday, down from 61 on Sunday and 71 a week earlier, according to Alternative.me. It has remained in greed territory on every day of the past two weeks.

DefiLlama data show DeFi total value locked was flat over 24 hours at $88.51 billion and down 0.41% over seven days. Stablecoin supply stood at $311.67 billion, down 0.11% over seven days and up 1.25% over 30 days, a net contraction of about $350 million on the week. Neither metric tracked the price move.

Strategy again reports no Bitcoin purchases

Strategy bought no Bitcoin for a second straight week. In an 8-K filed Monday, the company reported no purchases and no sales between Sept. 8 and Sept. 13, leaving its holdings unchanged at 845,050 BTC. Those coins were acquired for $63.73 billion at an average cost of about $75,412 per Bitcoin. The previous week's filing also showed zero purchases.

Strategy repurchased 1,420,467 STRC shares for $139.3 million during the week and held $1.30 billion in cash. Based on the reported prices, Bitcoin was trading 5% above that average cost basis.

Strive bought 469 BTC at an average of about $77,954 between Sept. 8 and Sept. 11, taking its holdings to exactly 25,000 BTC from 24,531, according to an 8-K filed Monday. The company reported $204.2 million of cash.

BitMine Immersion reported 5.96 million ETH worth about $15 billion in an exhibit filed Monday, including 5.07 million ETH that is staked. It also reported 212 BTC and $549 million in cash and marketable securities. The company said it added 27,180 ETH over the past week and projects $334 million of annualized staking revenue.

U.S. spot Bitcoin ETFs see outflows while Ether ETFs add assets

U.S. spot Bitcoin ETFs posted a fourth consecutive day of outflows on Friday, with $13.2 million leaving the group, according to Farside Investors. That brought the four-session week to $462.7 million of net redemptions. BlackRock's IBIT accounted for $19.2 million of Friday's outflow. Since launch, cumulative net inflows stand at $55.22 billion.

Spot Ether ETFs took in $216.4 million on Friday and $196.9 million over the week, the largest single-day inflow across the 10 sessions listed by Farside. Cumulative net inflows stand at $13.38 billion.

Monday's ETF figures were due after the U.S. close.

XRP and Zcash lead the gainers

XRP was the largest gainer among the 10 biggest tokens. It traded $3.15 billion over 24 hours and reached $1.4688 on Coinbase. The move did not coincide with fresh project-specific news, according to the report. Ripple's most recent press release was dated Sept. 10 and covered an enterprise treasury product. Its Sept. 11 Insights post was a stablecoin explainer. The XRP Ledger blog had not posted since Aug. 20. No spot XRP fund had begun trading or received approval, and a search of SEC EDGAR filings mentioning XRP between Sept. 11 and Monday returned no listing registration.

Zcash reached a $20.13 billion market value, making it the 10th largest token, on $1.26 billion of daily volume. Its listed vehicle is three weeks old. The Zcash ETF began trading on NYSE Arca on Aug. 25 and said on Sept. 8 that assets under management had "grown to more than $500 million." It also said ZCSH options began trading on NYSE Arca the same day. An 8-K exhibit said DCG International Investments contributed 85,705.32563297 ZEC for shares worth about $100 million. The Defiant said it covered the conversion filing in November 2025. Monero, the other large privacy token and one without a U.S.-listed vehicle, fell 4.1% on Monday.

The Stellar Development Foundation has scheduled a mainnet validator vote on Protocol 28 for Sept. 16 at 1700 UTC, according to its upgrade guide published Aug. 12. Its press page has carried nothing since Sept. 3. PancakeSwap's latest post is its August Kitchen Report, published Sept. 9 on the project's blog. Neither NEAR nor Pendle published an announcement during the period cited in the report.

Ribbita by Virtuals rose 30.9% on $3.8 million of volume against a $260 million market value and was left out of the table.

Top gainers listed in the report

Falcon Finance is the biggest decliner

Falcon Finance fell 12.0% on the day, the largest drop in the report, though it still held a 5.7% gain over seven days. Its news page has not been updated since Aug. 31, and its documentation includes no dated unlock calendar. Falcon's own posts say the token launched on Sept. 29, 2025, with "around 2.34 billion (23.4% of the total) circulating at the Token Generation Event," and a "1-year cliff and 3-year vesting" for team members, early contributors and investors, according to its tokenomics post.

Tezos and Raydium posted the two largest weekly gains among the decliners listed, at 15.1% and 19.8%. Bitway was up 54.1% over seven days, the largest weekly gain among the 150 biggest tokens.

Filecoin reversed course during the session. It traded 5.3% higher at midday, then turned 2.4% lower by the afternoon at $0.9662, on $337 million of volume and a market value of $799 million. The Filecoin Foundation's blog has not posted in September.

Provenance Blockchain's HASH fell 4.7% on just $2,166 of 24-hour volume against a $417 million market value. MemeCore's M fell 4.2% on $2.3 million of volume against a $2.5 billion market value, a turnover ratio of 0.09%. Both were excluded from the table.

Pudgy Penguins, Dash, Celestia, Worldcoin, Arbitrum and Bitcoin Cash posted the largest seven-day declines among the 150 biggest tokens, ranging from 14.6% to 16.3%. Each traded within 1.5 percentage points of flat on Monday.

Top decliners listed in the report

Prices and market data in the report were as of 2:39 p.m. ET on Sept. 14, 2026.