WuBlockchain Weekly: Fed Hikes Rates, CoinEx Shuts Down, and CLARITY Act Fails

The Federal Reserve raised interest rates by 25 basis points to a range of 3.75%–4.00% to combat elevated inflation. While most participants expect further hikes in 2026, Grayscale suggests this is a mid-cycle adjustment unlikely to significantly impact the crypto market, though it may benefit stablecoin issuers like Circle and Tether. Additionally, the CLARITY Act failed to advance in the US Senate after falling short of the 60-vote threshold.