Meme coins lead Friday's crypto rally ahead of a potential CLARITY Act Senate vote. Shiba Inu jumps 25% with volumes up 782%. Polymarket odds of passage slip to 34%.
Alpha Score of 67 reflects moderate overall profile with strong momentum, weak value, moderate quality, strong sentiment.
The crypto market edged higher Friday, with meme coins taking the lead as retail traders piled in ahead of a potential CLARITY Act vote in the Senate.
Shiba Inu jumped 25% to $0.0000055, the biggest gain among the top 100 tokens by market cap. Trading volumes surged 782%, according to CoinMarketCap data. Pepe Coin rose 7.5% to $0.0000029, and Pudgy Penguins added 5.2% to $0.006.
The broader market followed. Total crypto market cap rose 0.73% to $2.2 trillion. Bitcoin gained 0.56% to $64,483. Ethereum rose 1.06% to $1,878. XRP added 0.76% to $1.09.
Liquidations hit $82 million over the past 24 hours, split roughly evenly between longs ($43 million) and shorts ($39 million), per CoinGlass data. The Fear and Greed Index held at 26, still in "fear" territory.
The CLARITY Act remains the week's biggest catalyst. Charles Schwab urged the Senate to pass the bill, according to a statement Friday. Skybridge Capital founder Anthony Scaramucci warned the bill could die if it does not reach the Senate floor. Polymarket odds of passage in 2026 have dropped to 34%.
In Russia, Sberbank said it plans to launch a crypto trading platform and digital custody system by December 2026. The move comes ahead of new Russian crypto regulations effective September 1. Sberbank already issued structured bonds tied to bitcoin in 2025.
SCHW stock page sits at an Alpha Score of 57 out of 100, a "Moderate" label in the Financials sector.
For more on the legislative fight, see Goldman CEO backs CLARITY Act as banks fight stablecoin rewards.
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