CryptoQuant: Whales Moved $1.6B Worth of XRP to Binance

The Senate voted down the Clarity Act, delaying federal crypto market-structure rules. XRP, Ethereum, and Solana prices fell post-vote. Regulators may advance policies to fill the gap, but durability is uncertain. Investors await clarity for institutional capital inflow.

The XRP Ledger will undergo a protocol upgrade on September 29, 2026, at 14:06:41 UTC, known as BatchV1_1. This amendment introduces a new transaction type that bundles multiple transactions. Users with XRP on exchanges or in custodial wallets need not take action, but node operators must update their software to avoid being dropped from the network. The amendment requires approval from over 80% of validators for two weeks before activation.

The crypto market rebounded after the Federal Reserve's expected 25-basis-point rate hike, with Bitcoin recovering above $76,000. Analyst Crypto Dan noted falling Bitcoin UTXOs in loss, suggesting reduced risk of a bear cycle. Major cryptocurrencies like Ethereum and BNB also saw gains, while others like XRP and Dogecoin declined. The Fed's decision was largely anticipated, minimizing market shock. Total market capitalization rose to about $2.62 trillion, with varied performance across assets.

The CLARITY Act failed in the Senate with a 49-50 vote, falling short of the 60 needed for passage. XRP dropped 7.98% to $1.29, while Bitcoin fell 1.42% to $75,924. Coinbase and Circle shares declined 8% and 11% respectively. The act's failure leaves regulatory uncertainty for cryptocurrencies, with their values now dependent on SEC initiatives and market conditions.

Goldman Sachs revised its Fed rate hike forecast twice in four days, initially expecting one hike then predicting another in October. The Fed raised rates to 3.75%-4.00% in September 2026, with 16 of 18 policymakers signaling another hike by year-end. Bitcoin gained 0.5% post-announcement, trading at $76,000, while XRP may also be affected by higher rates.

Tom Lee predicted a significant Q4 2026 rally for U.S. stocks, targeting S&P 500 at 8,200. The Fed's rate hike adds uncertainty. Ed Yardeni lowered his S&P 500 target to 7,900. Bitcoin, Ethereum, and XRP would need substantial gains to reach previous highs, with correlations to tech stocks weakening.