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Chuck Schumer convened the Senate Democratic core group to discuss the fate of the CLARITY Act

U.S. Senate Majority Leader Chuck Schumer has convened a meeting of the Senate Democratic leadership group on Sunday evening to discuss the newly leaked text of the CLARITY Act from Thursday by Republican senators. The text includes over 100 amendments reportedly proposed by Democrats.

The Senate will vote on Tuesday on whether to proceed with ending debate on the bill or to abandon advancing it altogether. There remains division within the Democratic Party over ethical provisions, and community banks oppose the stablecoin yield-related regulations; most Democratic senators are expected to vote against the bill. President Donald Trump discussed new wording for the ethical provisions with advisors on Friday, under which Democrats demand public officials sell their existing crypto assets.

If all 53 Republican senators support the bill, at least seven Democratic senators would need to agree to enter discussion on Tuesday; some Republican senators also oppose the current stablecoin yield provisions.

Robinhood Chain daily revenue dropped by over 90% from its peak, DEX trading volume halved, and gas revenue plummeted by 86.7%

According to DefiLlama and The Block dashboard data, Robinhood Chain revenue has been declining continuously since September 7, with daily revenue falling to $436,306, down more than 90% from the peak of $5.44 million; DEX trading volume fell to $1.243 billion, down more than 50% from the peak of $2.611 billion; Gas revenue fell to about $800 thousand, down 86.7% from the peak of $6.04 million.

Analyst: ETH's triangle pattern breakout may signal a significant rally, potentially aiming for $3,000

Crypto analyst Ali Charts posted on the X platform stating that the previous breakout from a triangle pattern propelled Ethereum to surge 31% within just three days. Now, a new triangle pattern is forming. If $ETH breaks out again, a similar move could push it up to $3,000.

Bitcoin & Ethereum Spot ETF Flow

Net inflows for three consecutive weeks came to an end, with Bitcoin spot ETF recording net outflows of $463 million last week

According to SoSoValue data, during last week's trading days (Eastern Time, September 7 to September 11), Bitcoin spot ETFs experienced a net outflow of $463 million.

The Bitcoin spot ETF with the largest net outflow last week was Ark & 21 Shares ETF ARKB, with a weekly net outflow of $234 million, bringing ARKB's cumulative total net inflow to $1.22 billion to date; second was Grayscale Bitcoin Trust GBTC, with a weekly net outflow of $129 million, bringing GBTC's cumulative total net outflow to $27.78 billion to date.

The Ethereum spot ETF saw net inflows of $197 million last week, marking four consecutive weeks of net inflows

According to SoSoValue data, during last week's trading days (ET, September 7 to September 11) there was a net inflow of $197 million into spot Ethereum ETFs.

The spot Ethereum ETF with the largest net inflow last week was BlackRock ETF ETHA, with a weekly net inflow of $140 million; ETHA’s cumulative historical net inflows currently total $13.01 billion. The next was BlackRock ETF ETHB, with a weekly net inflow of $55.2009 million; ETHB’s cumulative historical net inflows currently total $831 million.