MyToken Short-Term Trading Assistant just detected a sell signal of ETH/USDT at UTC/GMT 20:00:00 pm, Sep. 09, with the sell price at 2467.38 USDT. According to the analytical result from Short-Term Assistant, recently ETH is going weak and showing a downtrend. The next resistance level above is 2530.65 USDT. To learn about more trading signals, please go to「MyToken - Assistants - Trading Assistants」💡

In the past hour, total liquidations across the network reached $10.46 million, with $9.01 million from long positions, with $1.45 million from short positions. BTC liquidation $1.38 million, ETH liquidation $2.05 million.

Odaily Planet Daily reports that the US Senate plans to hold a procedural vote on the Clarity Act on September 15. This bill proposes establishing federal regulatory rules for digital assets, with the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) sharing regulatory responsibilities. Stand With Crypto, a crypto industry initiative backed by Coinbase, stated that its members contacted members of Congress nearly 50,000 times by phone or email in August, organized events, and published opinion pieces in local newspapers supporting the bill. Crypto industry groups have already spent at least $190 million on the November midterm elections. The Independent Community Bankers of America (ICBA) has arranged for local bankers to meet with senators in their home states and run television ads demanding changes to the bill. ICBA stated that the bill should explicitly prohibit stablecoin yields to ensure community banks can continue to support the $4.1 trillion in local lending activities. Stablecoin rewards are one of the focal points of the controversy. Banking groups argue that allowing crypto platforms to pay rewards to stablecoins could lead to a loss of deposits from traditional banks; crypto companies, on the other hand, advocate for retaining such rewards while demanding clearer federal rules. The bill also faces opposition due to anti-money laundering safeguards and ethical constraints on government officials' interests in crypto assets. (Decrypt)

Odaily Planet Daily reports that Bitcoin News, in an article published on the X platform, stated that US Treasury Secretary Scott Bessent has called on the Senate to advance the CLARITY Act, establishing a comprehensive regulatory framework for digital assets. Bessent warned that failure to advance the bill would send a signal to allies and adversaries that the US is "unwilling to lead the future of digital assets," while simultaneously abandoning enhanced national security tools for combating the misuse of digital assets.