Binance altcoin inflow transactions jump about fourfold ahead of CLARITY Act vote, Fed decision

  • Binance’s seven-day average altcoin deposit transactions rose to about 31,800.
  • 31,800 transactions were roughly 3.8 times July’s 8,300 average.
  • Senate cloture on H.R. 3633 and the Fed decision were scheduled for Sept. 15-16.

Binance’s seven-day average of altcoin deposit transactions rose to about 31,800 from 8,300 in July, while Coinbase reached 4,700 and Bybit 2,700, according to CryptoQuant analyst Darkfost. The increase comes as markets approach a U.S. Senate cloture vote on the CLARITY Act and a Federal Reserve decision on Sept. 16. The Senate vote on H.R. 3633 is scheduled to ripen at about 2:15 p.m. ET on Sept. 15 and requires 60 votes to advance. Fed futures were pricing roughly a 93% chance of a rate hike before the decision. The data measure deposit transactions rather than dollar values and do not prove that tokens were sold, although exchange inflows can indicate potential selling activity. Bitcoin recovered from about $60,000 in late August to around $78,000, while the TOTAL3 market-capitalization index gained more than $136 billion.

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