The CLARITY Act failed to advance after receiving 49 votes in favour and 50 against, adding to pressure on XRP as substantial outflows from spot exchange-traded funds contributed to a continuing decline in its price.
The cryptocurrency market has also been affected by investors reducing exposure to higher-risk assets. Rising US Treasury yields, oil prices above $100 per barrel, geopolitical tensions and expectations of tighter monetary policy have all weighed on digital assets.
The yield on 10-year US Treasury bonds briefly exceeded 5%, increasing what the article describes as “the opportunity cost of holding non-yielding assets, including most of the cryptocurrency market.”
“Market volatility may remain elevated,” Masabuni said, citing the combined impact of monetary policy, regulation and geopolitical risks.
Ryan Kirkley, co-founder and chief executive of the Global Settlement Network, said the Senate’s failure to progress the CLARITY Act had immediately affected the wider cryptocurrency market. Crypto-related companies, including Coinbase (Nasdaq: $COIN) and Circle (NYSE: $CRCL), also came under pressure.
Against that backdrop, the article says some XRP investors are examining cloud mining as a possible source of passive income, with claims of returns of up to $10,000 a day.
UE Crypto offers cloud-mining contracts
The article presents UE Crypto as an alternative to more volatile futures trading and ETF investment. It says the platform allows users to select computing-power contracts without buying or maintaining mining hardware, while remaining exposed to the broader XRP ecosystem.
UE Crypto says it is headquartered in the United Kingdom and operates within European regulatory frameworks including MiCA and MiFID II. It also says its protection measures include annual financial and security compliance audits by PricewaterhouseCoopers (PwC), digital-asset custody insurance from Lloyd’s of London, and cybersecurity systems supplied by Cloudflare and McAfee®.
The company further claims to use bank-level data encryption and professional security infrastructure. It supports XRP, BTC, ETH, USDT, USDC, DOGE, LTC and SOL, according to the article.
Users are told to register with an email address to receive a $20 trial reward, select a cloud-mining contract and activate it. The platform says computing power is then allocated automatically, with returns settled every 24 hours. Users can withdraw returns or continue participating.
Listed examples include a BTC Super Computing System Contract requiring $1,000 for 10 days, with a daily return of $13.10 and a total return of $1,000 + $131. A $5,000 LTC Algorithm-Driven System Contract lasts 25 days and lists daily returns of $72, producing $5,000 + $1,800 at expiry. A BTC Quantitative Intelligent System Contract costs $10,000, runs for 35 days and lists daily returns of $158, or $10,000 + $5,530 in total.
UE Crypto says it was founded in 2015 and is based in London. It describes itself as a cloud-computing and digital-asset services company focused on blockchain technology, DeFi and lower-carbon computing.
The article is third-party content and does not constitute an endorsement by crypto.news or its author. Readers are advised to carry out their own research before taking action.
