The odds of Congress passing the Clarity Act climbed to 31% after President Donald Trump agreed to updated ethics provisions tied to the bill, according to Decrypt’s Morning Minute newsletter by Tyler Warner. The Senate is set to vote on cloture at 2:15 p.m. ET on Tuesday, and 60 votes are required to move the legislation to floor debate. Republicans hold 53 seats, but at least two are expected to oppose the measure, leaving supporters in need of roughly nine Democratic votes. As of Friday, no Democrat had publicly committed, and Senator Cory Booker said the revised draft still did not go far enough. The rewrite released Thursday runs 630 pages and adds more than 114 provisions requested by Democrats. One key policy change would place "decentralized-in-name-only" protocols under Commodity Futures Trading Commission registration and Bank Secrecy Act rules. Decrypt also noted that the ethics language had not been changed in the rewrite itself, which remained a central obstacle. The newsletter also tracked market moves. Major cryptocurrencies traded higher, with BTC at $77.8K and ETH at $2,510. Spot Bitcoin ETFs posted $13 million in net outflows on Friday, while spot Ethereum ETFs drew $216 million. On-chain, Pump introduced a Holder Rewards feature, and NFT prices were broadly flat, with Argonauts and Cat Street Broker leading gainers.

Bitwise’s BWOW Dogecoin ETF is set to close after 10 months, a move that adds to signs of soft demand across DOGE-related funds. According to CoinDesk, the closure does more than mark the end of one product. It also sharpens a broader question hanging over altcoin exchange-traded funds: what specific need they are meant to meet for investors. The report ties BWOW’s shutdown to weak buyer interest in dogecoin ETFs more generally, suggesting that not every crypto asset has translated into sustained ETF demand. While the headline contrasts DOGE products with stronger flows into rival XRP and Solana funds, the supplied report excerpt centers on BWOW’s closure and the weaker appetite for DOGE exposure. That leaves the main takeaway straightforward: Bitwise is winding down the fund after less than a year, and the episode highlights the uneven reception altcoin ETFs can face in the market.

Data released on Sept. 14 showed that the three tracked U.S. Dogecoin exchange-traded funds have brought in only a little more than $12 million in cumulative net inflows since launching in November last year, a weak result compared with other altcoin-linked products. The gap is particularly stark against XRP ETFs, which attracted $12.29 million on Sept. 9 alone. Since launch, XRP-related ETFs have recorded cumulative net inflows of $1.7 billion, while Solana-linked ETFs have taken in $1.36 billion. Both totals are more than 100 times larger than the amount absorbed by DOGE funds. Flow activity in Dogecoin ETFs has also been sparse: out of 199 trading days in the sample, only 28 posted net inflows and five saw net outflows, while the remaining 166 days showed zero net movement, accounting for more than 83% of the total. Over the past 20 trading days, XRP and SOL ETFs pulled in $190.5 million and $199 million respectively. DOGE ETFs, by contrast, posted net outflows of about $108,000. The analysis cited in the report said Dogecoin already has high liquidity and broad trading access, limiting the appeal of an ETF as a compliant entry point. With BWOW shutting down, the report said the broader question around altcoin ETFs has become clearer: if the product only offers price exposure, how much new investor demand can it really bring to assets such as DOGE?

A long-form commentary published by MarsBit argues that crypto is being pushed into an older, more traditional investment framework, one centered on cash flow, growth, distributions, and regulatory clarity rather than roadmap promises alone. The article says the market is now splitting into three broad buckets: real crypto businesses that generate fees and return value to token holders, honest meme or monetary assets whose value rests on shared belief, and "air projects" whose prices depend mainly on unfulfilled promises. Hyperliquid, Pump.fun, Lighter, Aave, Ethena, Sky, BTC, ZEC, XMR, DOGE and PEPE are all discussed within that framework. The piece also ties this shift to growing institutional and regulatory attention, citing Financial Times scrutiny of crypto buybacks, S&P Dow Jones licensing the S&P 500 index to a perpetual DEX, and U.S. policy developments around CLARITY, SEC-CFTC guidance, and comments about bringing Hyperliquid to the U.S. market. Its core claim is that crypto is no longer moving as one undifferentiated asset class: some assets are being priced like businesses, some like digital gold or attention instruments, and others remain speculative vehicles driven by structure rather than fundamentals.

Bitwise is closing its Dogecoin exchange-traded fund, BWOW, less than a year after the product began trading. The crypto asset manager said the fund is set to stop trading on NYSE Arca on October 14, 2026, with remaining shareholders scheduled to receive a cash distribution on October 22 based on the fund’s net asset value as of October 21. Bitwise said the move is part of an effort to optimize its product lineup around changing investor demand. According to the fund’s website, BWOW currently holds about 8.2 million DOGE worth roughly $688,000, while the article says the fund had about $722,000 in assets this month. The product started trading on November 26, 2025, after Bitwise had spent much of 2025 pursuing the offering, including registering a Dogecoin ETF entity in Delaware and adjusting its SEC filing. At launch, CEO Hunter Horsley said the product was aimed at giving millions of DOGE holders exchange-traded access to the token through brokerage accounts without requiring them to buy and custody the cryptocurrency directly.

PANews published a long-form market analysis by @brucexu_eth, founder of LXDAO and ETHPanda, that reviews public Robinhood-era trading posts and uses them to map out how people try to make money in the earliest phase of a new blockchain. The piece groups the main paths into buying meme coins, providing liquidity, arbitraging price gaps, and building tools or infrastructure, then asks a simple question behind every profit screenshot: did the trader win by picking the right asset, by supplying capital, or by exploiting a market function that was still underdeveloped. The article cites public examples rather than verified averages. Those include reports of 26x and 56x meme trades, a self-reported five-day move from $1,000 to $50,000 through LP positions, and a small arbitrage test that used 200 USDT to earn about 2 USDT in a day. The author stresses that such posts should not be treated as representative returns and in some cases may be promotional. The second half shifts to ARC, which has not yet fully launched. Based on ARC’s public positioning around stablecoin finance, EVM compatibility and USDC as gas, the article argues that preparation should focus on bridging routes, liquidity access, wallet and RPC setup, and tool readiness. It highlights Jumper and LI.FI for cross-chain access, and lists public ARC materials including testnet resources, contract references, RPC and indexing options, and notes on differences from Ethereum.

The Sept. 10 to Sept. 11 news cycle brought a dense mix of crypto financing, regulation, product launches and macro signals. People familiar with the matter said Nasdaq Inc. is investing $100 million in Payward, the parent company of crypto exchange Kraken, valuing the company at $21 billion and deepening a partnership announced in March. In Washington, U.S. Senate Republicans released a 630-page revised version of the Clarity Act ahead of a Sept. 15 procedural vote, including a requirement that non-decentralized DeFi protocols register with the Commodity Futures Trading Commission. Elsewhere, Coinbase struck a deal with payments infrastructure provider Moov to bring stablecoin acceptance, settlement and real-time money movement to more than 1,000 community banks and credit unions. Binance Alpha opened the third round of its Block Street airdrop, Spark said it will shut SparkLend on Gnosis Chain on Sept. 14, and Liquid Network said block production has resumed after a hack-related disruption, though transactions remain paused. Markets were also driven by macro data. U.S. producer prices rose 5.4% year over year in August, above expectations, while CME-based pricing showed the probability of a September Fed rate increase rising to 71.3%. Analysts and market commentators tied the inflation print and higher bond yields to pressure across risk assets, with bitcoin repeatedly discussed around support near $75,000 and resistance in the $83,000 to $85,000 range.

Bitwise said Thursday it will liquidate and shut down its spot Dogecoin exchange-traded fund, BWOW, roughly 10 months after the product debuted. The fund is expected to have its last trading day on the New York Stock Exchange on Oct. 14, after which it will be liquidated in cash. According to the company, shareholders do not need to take any action. Bitwise said the closure is meant to help the firm refine its product lineup and respond to changing investor demand. BWOW launched in November 2025 and recorded about $3 million in trading volume on its first day, but it did not return to that level afterward. Data from SoSoValue shows the fund brought in about $318,000 in net inflows last month, reversing a small outflow in July. Spot Dogecoin ETFs first reached the U.S. market in September 2025. While the products drew attention at launch, they failed to win broad investor interest. Total trading volume for Dogecoin funds stands at about $300 million so far, trailing other altcoin ETFs including Hyperliquid at $2.1 billion, Zcash at $1.5 billion and Chainlink at $680 million.