48 minutes ago
Clarity whitethorn get a vote, but don’t get your hopes up yet
Despite affluent memecoin entrepreneur Donald Trump agreeing to an morals deal, the Clarity Act is floundering arsenic the August recess deadline looms.
Senate Majority Leader John Thune doesn’t judge the Act has the votes to walk conscionable yet, but whitethorn bring it to a ballot anyhow to “get Clarity started. We’ll spot wherever the votes are.”
The morals woody would prohibit each US officials from issuing oregon sponsoring integer assets, but contains immoderate “get retired of jailhouse free” provisions for the President that the Democrats are unhappy with, including the information the rules expire the time helium is scheduled to permission bureau successful 2029.
The morals provisions volition besides beryllium enforced by the Attorney General that Trump appointed. The Democrats alternatively privation authorities Attorney Generals to enforce it — but Trump seems improbable to hold to empower dozens of authorities AGs to effort to prosecute him.
The White House described the measure arsenic the “most broad and wide-ranging morals proviso successful history,” portion Democratic Senator Ruben Gallego described it arsenic a “piece of shit” and “not a superior effort.”
Law enforcement organizations person besides begun to awesome support, with The National Fraternal Order of Police representing hundreds of thousands of members, stating the latest mentation of the BRCA (which protects developers of decentralized protocols) would not impede investigations into wealth laundering and fraud.
The likelihood of the measure passing this twelvemonth are astatine 38% connected Polymarket.
BitMEX to unopen down aft 11 years arsenic people enactment launched against it
BitMEX, 1 of the pioneers of cryptocurrency derivatives trading, announced it volition unopen down operations successful September after 11 years.
BitMEX launched successful 2014 and became known for introducing the 100x leverage perpetual swaps.
In caller years volumes person tanked accrued contention from large exchanges similar Binance and decentralized protocols similar Hyperliquid.
CryptoQuant CEO Ki Young Ju said BitMEX’s share of the Bitcoin futures marketplace has fallen to conscionable 0.08%, with astir $84 cardinal successful regular trading volume.
“It was a large speech that helped signifier the industry, and present it is passing the torch to the adjacent procreation of exchanges it inspired,” Ju said.
BitMEX’s inferior token BMEX collapsed successful worth after the announcement. That aforesaid day, quality emerged of a people enactment suit accusing the crypto derivatives level of fraudulently engineering lawsuit liquidations to prehend traders’ collateral. BitMEX denied the allegations and said it had successfully defended itself against akin claims successful the past.
Restructuring advisor Roshan Dharia told Cointelegraph the exchange’s demise shows the manufacture is consolidating.
As if to undescore the point, BitMart subsequently announced it would besides adjacent in the coming months.
S&P launches blockchain fundamentals scale for integer assets
S&P Dow Jones Indices and Pantera Capital person launched a integer plus scale that tracks the large crypto assets — but doesn’t see Bitcoin oregon XRP.
The S&P Pantera Digital Asset Index is designed to beryllium the benchmark crypto scale for institutions, but it screens retired blockchains based connected minimum thresholds for protocol revenue, marketplace capitalization and liquidity.
The scale launched with 18 constituents, with Ether (ETH), BNB (BNB), Solana (SOL), TRON (TRX) and Hyperliquid (HYPE) arsenic its 5 largest holdings, portion Bitcoin (BTC) and XRP (XRP) are the largest non-constituents.
The latest scale follows a broader manufacture propulsion to make institutional-grade benchmarks for integer assets, with akin products including the Nasdaq Crypto Index US ETF, the Franklin Crypto Index ETF and the the Coinbase Store of Value Index among others.
Robinhood to grow prediction markets arsenic CFTC issues caller warning
Robinhood is reportedly discussing plans to grow its existing prediction markets offerings with crypto speech Crypto.com.
According the Wall Street Journal the talks impact integrating yes-or-no lawsuit contracts supplied by Crypto.com. Robinhood launched its prediction markets successful March 2025, initially facilitated by Kalshi successful bid to comply with regulatory requirements from the US Commodity Futures Trading Commission (CFTC).
Bernstein analysts past week raised its terms target on Robinhood (HOOD) banal to $160 from $130 per share, based connected the company’s outlook for prediction markets and tokenized equities.
Meanwhile the CFTC, which aims to go the superior regulator of prediction markets, issued a changeable crossed the bow of providers past week, telling platforms they request to get a batch much circumstantial astir lawsuit contracts certifications.
The advisory addresses concerns astir the signifier of submitting broad, template-style certifications that harvester galore imaginable lawsuit declaration variations into a azygous certification.Carl Kennedy, a spouse astatine New York instrumentality steadfast Katten Muchin, besides told a House Agriculture Committee proceeding past week, that the CLARITY Act could assistance the CFTC’s efforts to oversee the “explosive maturation of prediction markets.”
Balaji’s Network School turns to Kazakhstan amid Malaysia setback
Balaji Srinivasan’s Network School, a assemblage of “digital nomads,” is eyeing a caller field successful Kazakhstan aft its Forest City field had its business licence successful Malaysia revoked implicit alleged premises-use violations.
A memorandum of knowing was signed betwixt Kazakhstan’s applicable Minister Zhaslan Madiyev and Srinivasan to found the archetypal Network School field successful the country, which aims to go a integer hub.
The School was forced retired of Johor successful Malaysia, pursuing a contention successful Malaysia implicit allowing Israeli dual citizens to attend. The Muslim bulk state has nary diplomatic relations with Israel. Despite an probe uncovering nary visa violations, the Network School was ordered to unopen down connected different pretext.
Dragonfly Capital managing spouse Haseeb Qureshi said the play has validated Balaji’s Network State thesis.
“The full thought of a web authorities is taking a dense radical of endowment and capital, and collectively negotiating with states. The Malaysia play acceptable up Balaji to negociate amended presumption with different authorities to transcript and paste the web there.“
Winners and losers
At the extremity of the week, Bitcoin (BTC) is astatine $65,395, Ether (ETH) is astatine $1,958, and XRP (XRP) is astatine $1.11. The full marketplace headdress is astatine $2.24 trillion according to CoinMarketCap.
Among the biggest 100 cryptocurrencies, the apical 3 altcoin winners of the week are Audiera (BEAT), which gained 53%, Shinba Inu (SHIB) with a 29% gain, and Venice Token (VVV), which accrued 19%.
The apical 3 altcoin losers of the week are DeXe (DEXE), which mislaid 89%, Midnight (NIGHT), which fell 26%, and Pyth Network (PYTH), which dropped 10%.
Prediction of the Week
Bitcoin volition get ‘lift’ from Hyperliquid, Robinhood successful adjacent crypto bull market
Bitcoin (BTC) is “finally showing signs of a bottom,” according to Matt Hougan, main concern serviceman astatine Bitwise.
Houghan predicts that TradFi integrations, peculiarly Hyperliquid and Robinhood, volition thrust the adjacent crypto bull market, and the resulting tide should “lift” the largest cryptocurrencies including Bitcoin and Ether.
Houghan believes crypto is bringing large benefits similar 24/7 trading to accepted markets, and noted that contiguous “nearly fractional the measurement connected Hyperliquid is successful accepted assets similar oil, silver, and the S&P 500 [and] it’s expanding into spot commodities, prediction markets, and options,”
Bitwise information besides suggests evident request for BTC is showing signs of reversal. The metric measures the quality betwixt newly-mined BTC and the proviso inactive for astatine slightest 1 year.
Top FUD of the Week
Home invasions became astir communal crypto wrench onslaught successful H1 2026: CertiK
Home invasions became the astir communal signifier of crypto wrench attacks during the archetypal fractional of 2026, rising to 20 publically reported incidents from conscionable 1 a twelvemonth earlier, according to blockchain information steadfast CertiK.
On Thursday, CertiK said it verified 52 wrench attacks worldwide successful the archetypal fractional of 2026, up 33.3% from 39 incidents during the aforesaid play successful 2025. Kidnappings roseate to 16 from 12, portion robberies declined from 5 incidents to one.
CertiK said the recorded fiscal vulnerability linked to the attacks reached astir $124.1 million, up from $10.5 cardinal a twelvemonth earlier.
The summation successful location invasions suggests criminals are progressively bypassing integer safeguards by physically coercing crypto holders and their families.
Hackers bargain $31.6M successful 2 crypto span attacks wrong 7 hours
Hackers stole much than $31.6 cardinal crossed 2 unrelated crypto span exploits spaced conscionable hours apart, targeting bridges operated by decentralized perpetual speech AFX and Verus Protocol.
According to Blockaid, AFX, a decentralized perpetual speech operating connected Arbitrum, reportedly mislaid $24.15 cardinal connected Wednesday done a hack targeting 1 of its cross-chain bridges. Hours later, Blockaid said it detected an exploit targeting the Verus Ethereum Bridge that resulted successful astir $7.5 cardinal successful crypto being stolen.
“Another bridge, different exploit. Bridges volition ever beryllium a anemic link, until information is upgraded,” onchain researcher TheCrypticWolf said in a station connected X.
Ethereum ETFs adjacent week successful red, extremity 5-day inflow streak
US-listed spot Ethereum exchange-traded funds (ETFs) logged $70.62 million successful nett outflows connected Friday, ending a five-day inflow streak.
Ethereum funds saw $211.25 cardinal successful nett inflows implicit the erstwhile 5 sessions from July 17, according to SoSoValue data. They inactive posted $103.9 cardinal successful nett inflows for the week ended Friday.
Despite the outflows, Ethereum ETFs extended their play inflow streak to 3 consecutive and person attracted $337.74 cardinal successful nett inflows truthful acold successful July.
The Bitcoin ETFs reversed gains made earlier successful the week to extremity up with $33.9 cardinal of inflows.
Top Magazine Stories of the Week
Here’s wherefore the CLARITY Act’s morals woody whitethorn beryllium truthful hard to reach
Both parties accidental they privation US crypto marketplace operation legislation, but a quality implicit morals rules and who enforces them is becoming the bill’s biggest obstacle.
A quantum roadmap would propulsion Bitcoin overmuch higher: Charles Edwards
A Bitcoin improvement roadmap that addresses quantum computing risks could spot the terms surge by “double digits” precise quickly, according to Charles Edwards.
Fears of AI-driven DeFi hack epidemic overstated for present — but not for long
Are the fears of an AI driven hacking epidemic wholly overblown, oregon is this conscionable the lull earlier the storm?
Cointelegraph publishes long-form journalism, investigation and communicative reporting produced by Cointelegraph’s in-house editorial squad with subject-matter expertise. All articles are edited and reviewed by Cointelegraph editors successful enactment with our editorial standards. Content published successful present does not represent financial, ineligible oregon concern advice. Readers should behaviour their ain probe and consult qualified professionals wherever appropriate. Cointelegraph maintains afloat editorial independence.
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