🚨 DeFi & Blockchain Daily: On-Chain Trends You Can’t Missza

📰 News

📢 Crypto Market Correction Intensifies As S&P 500, DXY Enter Dangerous Territory

Crypto Market Corrects Despite Fed Rate Cuts

Earlier this week, Fed Chair Jerome Powell announced a 25-bps interest rate cut in a major pivot of the U.S. monetary policy. The crypto market hasn’t seen much action since then and has rather turned into a sell-the-news event. Bitcoin (BTC) has failed to give a daily close above $117,200 for sustained upside, but continues to trade under $116,000.

On the other hand, top altcoins like Ethereum (ETH), XRP, Solana (SOL), and Dogecoin (DOGE) are all down by 5% over the past week. As per the Coinglass data, the 24-hour liquidations have soared to $283 million, of which, $242 million is in long liquidation.

Furthermore, Bitcoin (BTC) and the broader crypto market are losing their correlation with the S&P 500, which hit a new all-time high above 6,600 on Friday, September 19. Crypto analyst Ted Pillows warned that September’s triple witching expiration could trigger short-term market weakness. As a result, he predicts a 15-20% altcoin market correction that could affect top altcoins like ETF, XRP, SOL, DOGE, etc.

🏛 Senate Democrats Urge Republicans for ‘True Collaboration’ to Quickly Pass CLARITY Act

Senate Democrats Release Statement On CLARITY Act

In a press release, Senator Ruben Gallego, alongside 11 other Senate Democrats, called on Republicans to agree to a bipartisan authorship process as is “the norm for legislation of this scale.” They further stated that they hope their Republican counterparts will agree to reasonable requests to allow for true collaboration, given their shared interest in moving forward on the crypto legislation.

These Democratic Senators alluded to their CLARITY Act framework, which they released last week, claiming it signaled their desire to work on the crypto bill. They again reiterated that digital assets are a $4 trillion global market that will “require a considered and bipartisan approach to regulation.”

The senators added that for the process to work, it must start from a place of “mutual understanding” and that they look forward to engaging with their Republican counterparts in such a manner. Notably, the framework they released last week contained seven pillars, which the senators declared that any market structure legislation should include.

The pillars focus on the spot market for non-security crypto assets, the legal status of digital assets, and the regulator jurisdiction, incorporating digital asset issuers and platforms into the regulatory framework. Furthermore, they focused on preventing illicit finance, corruption, and abuse, and ensuring fair and effective regulation.

📊 Market

🔮 Chainlink Price Prediction: Whales Scoop 2M LINK as Analysts Eye 184% Breakout Rally

Chainlink Price Action: Will $79 Become the Next Target?

Chainlink price action has shown resilience even after the recent dip, keeping focus on higher resistance levels. The LINK current trading value at $23.45 sits just above immediate support near $22.58.

However, a decisive close above $26 could unlock upside toward the $30 region, which historically capped prior rallies.

Beyond this threshold, the chart indicates a Fibonacci projection aligning with the $46.85 target. Furthermore, an analyst highlights an ambitious 184% rally that could propel LINK toward $79.

Such a surge would represent a parabolic phase, similar to historical breakout cycles. Therefore, sustaining momentum above $22 remains vital to confirming these upward projections, reinforcing the strength for long-term LINK price prediction.

🚀 Dogecoin Price Prediction: Grayscale ETF Move Aligns With Cycle Breakout

Dogecoin Price Action: Cycle Retests Signal Breakout Potential

Dogecoin price continues to move in recognizable long-term cycles, with 2017, 2021, and now the emerging 2025 cycle marking major turning points. According to an analyst on X platform, the 2017 rally began after consolidation and pushed DOGE from under $0.0002 to a peak near $0.017.

The 2021 cycle mirrored this explosive run, with the price surging from around $0.0022 to highs above $0.70. Both rallies unfolded while the 50 EMA traded below price, reinforcing strong upward conditions during breakouts. In the current 2025 cycle, Dogecoin has already retested a descending trendline near $0.26 while again holding above the 50 EMA.

This structural alignment mirrors the foundations that preceded earlier parabolic surges, strengthening the case for continuation. The same analyst suggests the anticipated breakout could extend toward $1 and beyond if the pattern holds.

With Dogecoin ranked among the top meme coins, its cyclical rhythm offers a long-term DOGE price forecast that points toward another historic move. Therefore, current conditions echo the setup of previous runs and raise expectations for the months ahead.