Daily Market Wrap | Sep. 17

The House-passed CLARITY Act is likely dead, with a bipartisan Senate bill set to regulate U.S. crypto markets and enhance the CFTC's role.
Gold prices in India fell to Rs 1,09,870/10g as markets await Fed's 0.25% rate cut and Powell's remarks on future easing.
21Shares launches AI-focused AFET ETP and Raydium's ARAY ETP in Europe, reaching 50 crypto ETPs with over $11B in global assets.
Google launches open-source Agent Payments Protocol (AP2) for AI agents to handle secure transactions, including stablecoins, in partnership with Coinbase and over 60 firms.

Smart money's Ethereum staking focus post-2025 upgrades reduces volatility and boosts long-term ETH demand, but curtails retail arbitrage.
Galaxy Digital plans a tokenized money-market fund on Ethereum, Solana, and Stellar, with Anchorage Digital as custodian.

Policy and Regulation