Gate Research: Senate Blocks Progress on Crypto Market Structure Bill, XRP Ledger Batch Transactions Upgrade Nears Activation Threshold

• Stock Market Commentary: U.S. equities were weighed down by rising oil prices and U.S. Treasury yields, with energy stocks outperforming while consumer and crypto-related stocks came under pressure. In Hong Kong, heavyweight financial stocks weakened despite modest net southbound inflows. South Korean equities extended their decline, although battery and growth stocks rebounded. Overall risk appetite across the three markets remained notably cautious.

• Crypto Market Commentary: Amid rising oil prices and U.S. Treasury yields, alongside growing expectations of a Fed rate hike, the crypto market saw a broad pullback. BTC fell below the 76,000 USDT level, ETH posted a steeper decline, and GT also weakened as risk appetite cooled.

• Trending Tokens: AKE, ALIGN, and POWER rose 72.54%, 50.26%, and 27.16%, respectively, driven by narratives around AI gaming, Ethereum infrastructure, and GameFi.

• Alpha Insights: The XRP Ledger’s Batch Transactions upgrade is nearing its activation threshold, enabling atomic execution of complex payments. The U.S. Department of Justice is seeking the forfeiture of $61 million in crypto assets linked to efforts to evade sanctions on Iranian oil. Meanwhile, the U.S. Senate blocked further progress on the crypto market structure bill, with bipartisan ethics disputes still unresolved.

Discover more details today → Gate Research: Senate Blocks Progress on Crypto Market Structure Bill, XRP Ledger Batch Transactions Upgrade Nears Activation Threshold

Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.

Disclaimer

Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.

Gate Team
September 16, 2026

Gateway to Crypto
Trade over 5,200 cryptocurrencies safely, quickly, and easily on Gate
Take Action Now
Sign up and claim up to $10,000 in welcome rewards
Invite friends and earn a 40% commission
Stay Connected
Visit Gate's official website
Download the Gate App | Desktop
Follow us on X (Twitter) to get more bonuses
Join our Telegram community to discuss trending topics
Engage with our global community for the latest insights
Transparency & Security
Check our 100% Proof of Reserves