Democrats Reject CLARITY Act Draft as Crypto Ethics Dispute Intensifies
Key Takeaways Seven Senate Democrats said the latest CLARITY Act draft needs stronger ethics and consumer protections. The revised bill would ban federal officials from issuing or sponsoring digital assets for compensation. Republicans defended the proposal, while White House adviser…
S&P and Pantera Launch New Crypto Index With Holdings in Ether, Solana, BNB and HYPE
Key Takeaways S&P and Pantera launched a crypto index using 3 metrics: revenue, usage, and economic activity. Artemis-backed screening could shift capital toward assets with 3 measurable fundamentals. S&P says the index may support future funds as institutions seek a…
Another Stablecoin Bites the Dust as BLC Crashes From $1 to Near Worthless
Key Takeaways An attacker drained $912,000 in BTCB from 42DAO vaults on BNB Chain on July 22, 2026. Balance Coin (BLC) fell 99.92%, from near $1 to about $0.000795, per Coinmarketcap data. Slowmist and Peckshield confirmed the exploit used a…
Senate Republicans Push CLARITY Act With 15 Days Left as Bitcoin Struggles Near $66K
Key Takeaways Bitcoin slid below $66,000 on Wednesday before steadying near $66,200 as market momentum stalled. The CLARITY Act update includes ethics rules for U.S. officials and $164 million in crypto liquidations. Bitwise CIO Matt Hougan noted that passing the…
Bitcoin Options Scream Bullish as Traders Pile Into $72K and $80K Calls
Key Takeaways Bitcoin futures open interest hit $49.82 billion on July 22, led by Binance’s $9.24 billion share. Deribit calls outnumber puts 65.88% to 34.12%, showing traders favor higher bitcoin prices through 2026. Binance max pain data points to $72,000…
A 1,900% Surge May Be Sending a Bigger Warning Than Oil Prices
Key Takeaways War-risk premiums for tankers crossing the Strait of Hormuz have surged nearly 1,900%. A single transit for a $100 million tanker could now carry an insurance bill of about $5 million. Rising shipping costs could feed into fuel…
The Digital Chamber Sues the State of Illinois Over First-Ever 0.2% Crypto Tax
Key Takeaways The Digital Chamber filed suit in Sangamon County on July 21, against Illinois’ new crypto tax. The 0.2% tax on digital asset activity takes effect January 1, 2027, and could raise $60 million yearly. The Digital Chamber calls…
Treasury Secretary Bessent Says CLARITY Act Is at the ‘1-Yard Line’
Key Takeaways Treasury Secretary Scott Bessent said July 21 the CLARITY Act has reached the “1-yard line.” Bitcoin rose toward $67,000 and Coinbase shares jumped 13% after Bessent’s comments. Indivisible, Demand Progress, and the Revolving Door Project are pressuring Gillibrand…
Here’s What the Data Shows
Key Takeaways Bitcoin long-term holder supply hit a fresh all-time high on July 21, per Coinglass data. The cohort held 16.64 million BTC, about 83% of supply, worth roughly $1.07 trillion in June. Cryptoquant’s Ki Young Ju says Strategy and…
Binance Drops VIP 3 Asset Bar to $1M as 4x OTC Trading Credit Broadens Tier Access
Key Takeaways Binance lowered its VIP 3 wallet asset requirement to $1 million on July 21, 2026. A 4x OTC multiplier broadens institutional crypto access across Binance tiers up to VIP 9. Binance will automatically process daily tier upgrades under…
