The Crypto Clarity Act failed to pass a U.S. Senate vote, triggering sharp market volatility. Bitcoin fell $2,200 in 20 minutes to $74,900, while Ethereum dropped below $2,400. Crypto long positions saw $275 million in liquidations over the same 20-minute span. Nearly $70 billion was wiped from the total crypto market capitalization.

Williams Sonoma and TJX are using portions of their tariff refunds to bolster employee compensation and benefits. Williams Sonoma said it will set aside $10 million for one-time payments into eligible employees’ 401(k) accounts. TJX said it accrued incremental expenses of $112 million for year-end incentive compensation and discretionary bonuses after receiving $331 million in refunds.

SpaceX plans to conduct Starship’s first orbital test flight on Sept. 22 from its Starbase site in Texas, with a 75-minute launch window. The mission is set to deploy 26 Starlink satellites and last about 10 hours. The company’s previous 13 Starship flights were all suborbital, and the move to orbit marks a new stage in developing a fully reusable rocket.

Oracle’s chief financial officer told employees at a companywide meeting that “doing more with less” is not the solution, after the company launched a new round of layoffs. In fiscal 2026 ended May 31, headcount fell by 21,000, or 13%. Oracle said first-quarter capital expenditures rose to $28.5 billion from $8.5 billion a year earlier. It also kept its fiscal 2027 capital spending forecast at $90 billion to $95 billion.

Axon said it plans to issue $1 billion of convertible notes to replenish its cash reserves and avoid high interest rates. The move also signals potential future equity dilution, which weighed on the stock on the day.

Nebius has issued $5.75B in convertible notes, with annual interest expense exceeding one-quarter of quarterly EBITDA, fueling concerns about its financing position. Shareholders have approved issuing up to 20% new shares without preemptive rights, adding to dilution risk alongside net insider selling. Management said current pricing power may last only 18–24 months and expects normalization in 2027–2028 as supply catches up with demand.

WTI crude rose $4.93 to $106.31, the highest since May, and has finished higher in 11 of the past 12 sessions. The rally has unfolded amid signs of a tightening supply picture. Saudi Arabia’s spare pipeline is offline and repairs are expected to take three to six weeks or longer, while loadings at a Red Sea port have been suspended. Separately, the U.S. 10-year Treasury yield touched 5.04%, its highest level since 2007.

Data show Solana averaged 888K daily stablecoin active addresses in September, up 269% from 333K a year earlier. The metric tracks the number of users actively transacting or interacting with stablecoins on-chain. It suggests Solana’s network adoption and activity have increased markedly over the past year.