When Safe Assets Compete With Risk. Lessons From the 1960s–90s for Bitcoin and Stocks: Crypto Daybook
Financial markets' risk-free rate, the yield on U.S. Treasury securities, is rising again. Crypto maximalists often dismiss this as background noise, but when the rate rises sharply, it often competes for capital with stocks and other assets.
Everyone thinks cryptocurrency is dead, but he says it’s about to explode.
Frequent trading underperforms the market; it is better to hold investments for the long term.
Bitcoin's BIP-110 Episode Is Free-market Capitalism in Purest Form: Crypto Daybook
Whether bitcoin (BTC) works better as a store of value or a payments mechanism can be debated. But one of its core appeals, its radically free-market, permissionless design, is not.
Express News | White House Crypto Advisor: If the CLARITY Act fails to advance by September 15, it may face significant difficulty passing thereafter.
Patrick Witt, the White House cryptocurrency advisor, posted on X that Congress has been pushing for legislation on crypto market structure for several years, and the Senate has been continuously negotiating the CLARITY Act since last summer. However, in the past week, Chuck Schumer and so-called 'crypto-friendly Democrats' blocked a procedural vote on the bill before the recess and called for further delay. Patrick Witt warned that if the bill fails to make progress by September 15, its chances of passing in the future will significantly diminish.
Bitcoin's Low Volatility Doesn't Necessarily Mean Low Risk: Crypto Daybook
A key theme this month is not just that bitcoin (BTC) isn't taking part in the risk-on rally exemplified by stocks, it's how steady the cryptocurrency has been, to the point that 30-day implied volatility has dropped to a long-held floor of 36%.
The $120 Million Coldcard Hack Lights up Bitcoin's Memory Pool: Crypto Daybook
There's an old saying that "every coin has two sides." It applies perfectly to the multimillion-dollar hack of the hardware wallet Coldcard that began on July 30 and is still in progress.
The Bitcoin Market Has Plenty of Reasons to Freak Out, yet Calm Pervades: Crypto Daybook
The multimillion-dollar Coldcard hack, anemic institutional demand, and uncertainty in the regulatory and macroeconomic environment are some of the pain points for the crypto market right now.
U.S. Senate Majority Leader: The Clarity Act is expected to miss the window before Congress adjourns for its summer recess.
PANews, July 24 — According to CoinDesk, U.S. Senate Majority Leader John Thune stated that the Clarity Act may not pass before the Senate adjourns on August 7, but at least the Senate will initiate consideration of the bill before adjournment. Thune said, 'We hope to at least get the Clarity Act moving,' but next week the Senate will prioritize a Russia sanctions bill championed by the late Senator Graham, and Graham’s funeral midweek will occupy senators’ time. White House crypto advisor Patrick Witt responded by saying he is optimistic about
Cosmos Labs and Peersyst Partner With LNET to Pioneer Tokenized Finance in Latin America
NEW YORK, July 23, 2026 /PRNewswire/ -- Cosmos Labs, the company behind the Cosmos digital ledger technology and interoperability solutions, and Peersyst Technology, a blockchain development and
Is the market underestimating it? An analysis of the upcoming CLARITY Act
Author: Haotian The market is currently undervaluing the CLARITY Act, just as it initially undervalued the GENIUS Act. Fortunately, one year after its enactment, the GENIUS Act has already delivered tangible results. We can now extrapolate what the passage of the CLARITY Act might bring. -- Actual changes observed one year after the GENIUS Act The GENIUS Act brought stablecoins out of regulatory gray areas and into a formal oversight framework, directly triggering two major shifts: First, the issuer landscape evolved from a 'duopoly' into a diversified ecosystem. Tether launched the compliant USAT to complete its U.S.-focused offering.
Kazakhstan has approved strategic rules for digital mining, requiring mining companies that receive electricity quotas to allocate a portion of their mining output to the national reserve.
PANews, July 23 — According to Report.az, the government of Kazakhstan has approved the "Rules for the Implementation of Strategic Digital Mining," granting enterprises a 10-year eligibility to receive electricity quotas from energy-producing organizations at capped tariff rates. As a condition for obtaining these quotas, companies must transfer a portion of their mined cryptocurrency to the autonomous cluster fund Astana Hub. These assets will subsequently be transferred to the National Investment Company, a subsidiary of the National Bank, for fiduciary management to bolster the nation’s strategic cryptocurrency reserves. Operators participating in strategic digital mining must go through E-
Express News | Japan Plans to Launch Bitcoin ETF in 2028, with Retail Investor Capital Potentially Becoming the Primary Source of Inflows
According to The Nikkei, Japan is expected to launch a Bitcoin ETF as early as 2028. With the revised Financial Instruments and Exchange Act bringing crypto assets under the regulatory scope of financial products, Japan’s Financial Services Agency plans to adjust rules related to investment trusts to allow funds and ETFs to hold crypto assets as primary investment targets. Several asset management firms are already considering participation. Institutional investor interest in crypto assets is rising in Japan: a survey by Nomura Holdings and Laser Digital shows that approximately 79% of institutional investors and family offices plan to invest in crypto assets within the next three years. However, unlike U.S. Bitcoin ETFs—primarily driven by institutional capital—Japan’s institutional investor base is relatively limited, and cash accounts for a high proportion of household financial assets, suggesting that retail investor capital could become the main source of inflows. Analysts estimate that Japanese Bitcoin ETFs could attract up to JPY 3 trillion in inflows by fiscal year 2028.
Express News | U.S. Senator Lummis: Ethical provisions and other elements of the crypto-related Clarity Act will be subject to further discussion.
On July 23, U.S. Senator Cynthia Lummis—one of the lead negotiators of the Digital Asset Market Clarity Act (commonly referred to as the Clarity Act)—stated that although the bill’s text has been released and is “finally a step closer” to formal enactment, several core provisions may still undergo revisions, including those related to ethical standards for government officials. In an interview with CoinDesk on Wednesday, Lummis noted that the Senate Judiciary Committee, Ethics Committee, and Select Committee on Intelligence all contributed to drafting the legislation. While describing the entire legislative process as “very difficult,” she emphasized that the bill is now ready to receive further feedback. She stated, “It’s time to show everyone the complete version of the bill that we will ultimately vote on and to hear feedback from the industry that will be regulated, as well as other stakeholders. I’m glad we’ve finally reached this point.” Earlier that day, Lummis released the latest version of the Clarity Act, consolidating previously separate bills passed by the Senate Banking Committee and the Senate Agriculture Committee into a single, unified text. However, she also indicated that this newly released version is unlikely to be the final one. Furthermore, provisions concerning conflict-of-interest restrictions on government officials’ participation in crypto-asset activities (the ethics clause) and certain measures targeting illicit financial activities are expected to undergo further discussion and revision over the weekend.
Bitwise: Preparing for the Next Crypto Bull Market
HYPE, HOOD, and the convergence of on-chain finance with traditional finance.
Express News | Daily trading volume at South Korea's top five cryptocurrency exchanges has plummeted 88% year-over-year, forcing Korbit to sell assets to sustain operations.
According to The JoongAng Ilbo on July 22, the combined daily trading volume of South Korea’s five major won-denominated virtual asset exchanges amounted to approximately KRW 412.7 billion, an 88% decline from a year earlier. The global total market capitalization of virtual assets concurrently contracted by 41%, falling to USD 2.322 trillion. Dunamu, the country’s leading crypto firm, reported a 55% year-over-year drop in first-quarter revenue and a 78% decline in operating profit. Mid-sized and smaller exchanges face even greater challenges: Coinone, Korbit, and Gopax—which recorded operating losses last year—are expected to remain in the red this year. Korbit has already sold holdings three times this year, including 15 Bitcoin and 60 Ethereum within ten days this month, generating approximately KRW 16 billion in cash. A managing director at Tiger Research described the current environment as a 'second crypto winter,' marked by a sharp contraction in total crypto market capitalization and a near absence of new projects. Despite the market downturn, institutional adoption of blockchain technology is accelerating, with a primary focus on tokenized assets and stablecoins. Major securities firms such as Mirae Asset have recently acquired stakes in exchanges, and the South Korean government has repeatedly affirmed its commitment to advancing legislation for the Framework Act on Digital Assets, reflecting continued confidence in the sector’s medium- to long-term growth potential.
Are crypto venture capital firms heading toward extinction?
Investors who built the industry are no longer optimistic about this sector—what happens next?
The Clarity Crypto Bill’s Uphill Battle: The Bipartisan Compromise Path in the U.S. Is Fraught with Obstacles
Clarity Act Races Toward Congressional Passage: After Compromise on Stablecoin Yields, Ethics and Banking Opposition Return to the Forefront. By Forbes; Translated by AididiaoJP, Foresight News Bipartisan lawmakers in the U.S. Congress are preparing to advance landmark legislation on crypto market structure—the closely watched Clarity Act. As with all historic bills, whether compromise can be reached on contentious issues will determine the fate of this legislation. For the Clarity Act, the path has been particularly rocky. In January of this year, Coinbase CEO
Express News | Trump endorses crypto ethics provisions: federal officials barred from issuing cryptocurrencies; U.S. Department of Justice enforcement authority excludes state attorneys general
According to multiple informed sources, the crypto ethics provision signed by Trump would prohibit federal officials—including members of Congress, the President, and the Vice President—from issuing digital assets and designate the Department of Justice, rather than state attorneys general, as the primary enforcement authority for this provision. This arrangement could become a new point of contention in advancing the CLARITY Act, as Democrats have consistently argued that states should retain certain enforcement powers. Earlier on Tuesday, Senator Angela Alsobrooks of Maryland, a Democrat and one of the lead negotiators on the bill, stated publicly: "The Department of Justice enforcing the ethics provision? That’s not a serious proposal. If the language is drafted this way, I won’t support the bill." Her concerns about enforcement authority directly reference Trump’s personal meme coin and his family’s firm, World Liberty Financial. The ethics provision has been the final hurdle for the CLARITY Act after months of obstacles. Patrick Witt, White House Senior Advisor for Crypto Affairs, disclosed details of the ethics language during an industry conference call on Tuesday afternoon. While the White House has not confirmed the exact text, an official in an email attributed the potential impasse to Democrats: "If Senate Democrats block this historic legislation despite the administration’s exhaustive efforts to accommodate their concerns, stakeholders should recognize that it is the Democrats obstructing progress—because they have never taken legislative outcomes seriously." Negotiations continue based on the current version, but it remains uncertain whether an agreement can be reached before the Senate adjourns.
Express News | Crypto lobbying group TDC sues Illinois seeking to block digital assets tax from taking effect
On July 22, crypto lobbying group TDC filed a lawsuit seeking to block the implementation of Illinois’ Digital Assets Tax Act. The tax applies to any company headquartered in Illinois or operating in the state and providing digital asset services within the state.
Trump Softens Stance, White House Adviser to Stay; CLARITY Act Faces Decisive Battle in August
The broader significance of the CLARITY Act lies in its potential to serve as a pivotal turning point in the evolution of U.S. crypto-asset regulation—from an era of enforcement toward one of legislation.