New CLARITY Act update bans officials including presidents from issuing or even holding crypto tokens

On July 22, US Senate Republicans released an updated version of the CLARITY Act, moving one of Washington’s most consequential cryptocurrency bills back toward a potential floor vote. The updated text follows weeks of negotiations and seeks to establish a broad federal market-structure framework for digital assets in the United States. The proposal addresses several … Read more

Why OKX hired Andrew Cuomo: Crypto’s next battle isn’t for users

OKX added Andrew Cuomo to its board of directors this month, framing it as a natural progression from two years of him advising the company. Cuomo also co-chairs a joint venture between OKX and Intercontinental Exchange, the operator of the New York Stock Exchange. That venture is building infrastructure for tokenized assets, institutional derivatives and … Read more

Strategy’s Bitcoin metrics go negative amid $3.2B cash – sells 7.5M shares but buys 0 BTC for 4 weeks

Michael Saylor-led Strategy sold another $263.5 million of common stock last week, but the company used the fundraising to expand its cash reserve rather than add to its Bitcoin holdings. According to a July 20 SEC filing, the Tysons Corner, Virginia-based company issued 2.73 million Class A shares between July 13 and July 19, while … Read more

Bitcoin gets $2.5B target for $72,000 by August as unknown trader bets big on Fed rally

Deribit’s July 31 options board shows more than 20,000 Bitcoin call contracts open at both the $70,000 and $72,000 strikes. The two strikes represent the largest call concentrations for that expiry, with roughly 27,000 contracts at $70,000 and 21,000 at $72,000, according to the exchange’s data as of press time. Bitcoin sits near $64,289, placing … Read more

Hyperliquid challenges Polymarket with $32 million opening for prediction-market builders

Hyperliquid plans to allow external operators to create prediction markets on its blockchain, widening its challenge to Polymarket while requiring prospective deployers to put nearly $32 million of its native token at risk. The proposed HIP-4 upgrade would require each deployer to stake 500,000 HYPE, worth about $31.7 million at Monday’s token price. Hyperliquid would … Read more

Bitcoin ETF inflows return, but $2.3 billion stablecoin liquidity drain leaves $57,000 exposed

Bitcoin’s return to positive exchange-traded fund flows is colliding with a deeper contraction in crypto-market liquidity, leaving its recovery vulnerable as oil prices climb and geopolitical tensions disrupt one of the world’s most important energy corridors. Data from CryptoSlate shows that the recent inflows have helped Bitcoin stabilize near $64,000 after an eight-week investor retreat. … Read more

Bitcoin sellers are tiring but weak demand leaves an 18% fall to $52,900 in play

Bitcoin’s first recovery test sits near $69,000. Its lower on-chain stress boundary sits much farther down, near $52,900. CryptoSlate’s Bitcoin market data shows BTC at $64,672. Reaching the recent-buyer cost basis near $69,000 requires a gain of about 6.69%, while a decline to Glassnode’s displayed realized price of $52,891.91 would represent an 18.22% decline. Those … Read more

BitMine is now $484 million away from completing its 5% Ethereum target

BitMine would now need to spend just $482 million more to complete its goal of owning 5% of Ethereum’s total supply, though management is signaling that the final purchases will come more slowly. On July 20, the company revealed that it held 5,777,468 ETH after adding 7,430 tokens during the previous week. The latest purchase … Read more