- Bitcoin rises to $65,480 as total crypto market cap climbs to $2.23 trillion.
- Trump agrees to ethics provisions, clearing the Clarity Act’s final hurdle.
- BitMine adds 7,430 ETH while repurchasing 5.5 million shares in one week.
Bitcoin traded near $65,480, up 1.14% over the past 24 hours and up 4.80% for the week, while Ethereum outperformed with a 2.60% daily gain to trade around $1,924, up 8.06% weekly. XRP climbed to $1.11, Solana rose to $78.04, and Hyperliquid’s HYPE token gained 3.20% to $62.47.
Total crypto market capitalization stood at $2.23 trillion, up 0.86% over the past day. Sentiment continued improving, with the Fear & Greed Index climbing to 37, still in “fear” territory but rising, while the Altcoin Season Index held at 53.
Trending Searches
BNB topped trending searches, up 0.9% over 24 hours, followed by Pudgy Penguins, gaining 3.5%, while ADI slipped 6.2% despite recent search interest. The mix reflected renewed attention on larger-cap tokens alongside continued retail curiosity around collectible-linked assets.
Clarity Act Clears Its Final Hurdle
President Trump agreed to the ethics provisions that had stalled the Clarity Act for months, according to industry sources, resolving the last major sticking point tied to his meme coin and family company World Liberty Financial.
The agreement came after a July 16 meeting with Republican Senators Bernie Moreno and Cynthia Lummis and White House crypto adviser Patrick Witt failed to produce a deal, with Trump signing off on the language the following Monday.
Bill text is expected within days, with the Senate needing to vote by the first week of August before the bill returns to the House. Coinbase Vice Chairman Ryan VanGrack said that Democratic lawmakers had separately added consumer protection provisions to strengthen fraud prevention and fund security requirements.
Russia Advances Retail Crypto Purchase Caps
Russia’s State Duma is set to hold final readings Tuesday on a crypto regulation bill that would cap annual purchases at roughly $3,800 for retail investors and $38,000 for qualified ones, requiring all trading to go through licensed institutions. The bill, originally slated to take effect July 1, was pushed back to September 1, and still requires approval from the Federation Council and the president’s signature if passed.
Institutional Accumulation Continues
BitMine added 7,430 ETH last week, lifting its total holdings to 5,777,468 ETH, or about 4.8% of Ethereum’s supply, while simultaneously repurchasing 5.5 million common shares under its $4 billion buyback program. Chairman Tom Lee said the pace of ETH purchases has slowed somewhat due to the concurrent buyback activity, though the firm has maintained a weekly buying rhythm since mid-2025.
Strategy did not add Bitcoin last week but injected $225 million into its dollar reserves, bringing total reserves to approximately $3.2 billion. Hut 8 signed a second-phase, 15-year, $9.8 billion lease extension for its Beacon Point AI data center campus in Texas, lifting the site’s total contracted value to roughly $19.6 billion and boosting shares of several other mining-linked AI infrastructure names.
Security Incidents Add Up
Zilliqa asked all exchanges to temporarily halt ZIL deposits and withdrawals after ZIL was stolen from a partner exchange’s cold wallet. Solv Protocol disclosed that its BTC+ contract on BNB Smart Chain was compromised via a leaked deployer private key, though the team said it contained the incident within three hours and expects subscriptions and redemptions to resume within two weeks. Cross-chain bridge TeleSwap remained silent five days after a suspected $735,000 attack, according to on-chain investigator ZachXBT.
Regulatory and Market Structure Developments
FATF’s latest report found 86% of jurisdictions have completed virtual asset risk assessments and 83% have implemented Travel Rule legislation, though it flagged persistent gaps in DeFi oversight and offshore exchange regulation. Separately, a Bloomberg analysis found roughly $200 million in suspicious trades flagged on Polymarket in the first half of the year, with geopolitical and war-related bets driving much of the activity and 71% of flagged trades funded through US-regulated exchanges.
CryptoQuant flagged declining stablecoin reserves on major exchanges, down nearly $2.3 billion over 30 days, as a sign of thinning liquidity that continues to cap Bitcoin’s ability to break decisively above resistance.
Related: Russia Prepares Final Vote on Crypto Rules While Preserving Domestic Payment Ban
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