GM!
Today’s top news:
Crypto majors jump 2-3% as ETF flows increase; BTC at $66.2k BTC ETFs see $227M in net inflows, notch 5 straight green sessions White House has reportedly agreed on an ethics package for Clarity Act Saylor adds another $225M in cash by selling MSTR; no new BTC buys Robinhood Chain sees big green overnight, launchpad PONS leads +100% ️ The White House Reaches an Ethics Deal on CLARITY, Clearing a Path Forward The single biggest roadblock to crypto’s landmark market-structure bill may have just moved.
This matters because the ethics provision has been the primary fight. For weeks, Senate Democrats led by Elizabeth Warren have refused to support CLARITY unless it bars the president, senior officials, and their families from profiting off crypto. That demand was significantly strengthened after Trump disclosed over $1.2 billion in cryptocurrency income. Democrats went as far as calling it a “corrupt bill” at a press conference last week. If the White House has genuinely signed off on ethics language, it removes the exact objection that’s been giving Democrats cover to withhold the seven-plus votes CLARITY needs to clear the 60-vote threshold.
NEWS: I’m hearing from multiple industry sources that the White House has agreed on an ethics package for the Clarity Act and sent the language to certain Senate Republicans this afternoon.
It’s still unclear what the details of the agreement are (I’ve reached out for…
But imagine it does somehow get passed because of this negotiation from the White House. That scenario is certainly not priced in. It’s somewhat consensus that a lot of big institutional and investment capital is on the sidelines until this bill gets passed. If it does, the floodgates could theoretically open. From a price action standpoint, this is the kind of surprise catalyst that puts a bottom in on Bitcoin (and other majors, and a lot of alts, etc.) and could very well drive the leg up to new ATHs over the coming 1-2 years. Progress over the coming weeks alone could be enough to send Bitcoin back to the $80k range.
Of course, this is all speculation, but overall, it seems this bill has new life. Now the next few weeks are even more critical ahead of the August recess.
Macro Crypto and Markets Crypto majors are green up 2-3% as ETF flows heat up; BTC +3% at $66.3k; ETH +4% at $1,935; SOL +2% at $78; HYPE +3% at $62.80 ONDO (+17%), HASH (+15%) and VVV (+10%) led top movers Oil +1% at $84; Gold +1% at $4,064 Stock futures are green; DOW +0.3%, Nasdaq +1.2% Former NY Governor Andrew Cuomo joined OKX's board, bringing regulatory and public-sector credentials as the exchange expands in the US on the back of ICE's $25 billion-valuation investment Fluidstack, a builder of large-scale AI infrastructure, raised an $830M Series A at a $7.5B valuation, led by Situational Awareness, and has partnered with Bitcoin miners to repurpose their facilities for AI compute Polymarket has referred ~100 wallets to law enforcement as it cracks down on potential inside trading AI compute stocks bounced as Hut 8 and IREN landed billions in new contracts, easing fears about data-center demand Corporate Treasuries & ETFs The Bitcoin ETFs saw $227M in net inflows on Monday, now with 5 straight green sessions; the ETH ETFs saw $38M in inflows Strategy extended its Bitcoin buying pause a fourth week, boosting its cash reserve to $3.2 billion while leaving its 843,775 BTC untouched Tom Lee’s BitMine slowed ETH purchases to just 7,430 ETH (~$14M) last week while buying back $86 million in its own stock Meme Coin Tracker Meme leaders were green; DOGE +2%, SHIB +2%, PEPE +4%, PENGU +2%, TRUMP +2%, BONK +3% Robinhood chain had a very green day, led by PONS (+100%), RH67 (+230x), VEX (+60%) and YOLO (+90%); Cashcat +12% to $80M Solana leaders included AVA (+30%) and Cubeman (+85%); ANSEM +5% to $198M
Token, Airdrop & Protocol Tracker Monad went live with token sales via Sonar, giving the new L1 a native launchpad through Coinbase-owned infrastructure OSF launched Rekt Mkts, a token-powered trading-content platform with a free daily stream, a returning newsletter, and a Pro tier that routes 100% of net revenue into $REKT buybacks Cardano’s Wanchain bridge was exploited overnight with ~$9M in NIGHT tokens lost Bonk introduced a new token launchpad for Robinhood Chain called Circus Trade
What is happening in NFTs? NFT leaders were slightly green; Punks even at 32 ETH, BAYC +1% at 8.75 ETH, Pudgy +2% at 4.15 ETH; Hypurr’s +2% at 191 HYPE Funkari (+12%) and Mooncats (+10%) led top movers
