Crypto news today
Bitwise sells $46.5M in BTC and ETH, buys SOL
Why it matters: A major asset manager is rotating out of BTC and ETH into SOL, which could support demand for Solana products.
Circle's Arc acts as a 'central bank for AI' but offers no USDC safekeeping guarantee
Why it matters: The lack of USDC guarantees on Arc is a risk for users and integrators building payment services on the network.
Bitcoin miners sign $100B in AI contracts, but revenue so far is just $1.1B
Why it matters: The market has priced in miners' AI pivot in advance: if the contracts don't start generating revenue, the valuation premium could collapse.
BNB holds near $720 as market slumps after CLARITY Act failure
Why it matters: BNB is showing low beta to the broad risk-off move, but weak volume and a bearish MACD point to a risk of losing the $704 support.
Ethereum: 203.9M transactions in Q2, $147.3B in stablecoins
Why it matters: Transaction growth is not converting into network revenue and demand for ETH, which limits the token's upside potential.
SEC Chair Atkins: regulator will act decisively regardless of whether the law passes
Why it matters: The SEC and CFTC are moving to rulemaking bypassing Congress, which will speed up the arrival of rules for the US crypto market.
NEAR Protocol launches Chain Signatures for access to 30+ networks
Why it matters: Simpler cross-chain operations could accelerate the inflow of users and volume into the NEAR ecosystem.
SushiSwap launches on Arc network with token launchpad
Why it matters: It expands the Arc ecosystem and gives SushiSwap a new channel for liquidity and token launches.
ETH retreats to $2,400 after another rejection at $2,500
Why it matters: Until ETH establishes itself above $2,500, the risk of continued consolidation and tests of lower support levels remains.
US House committee approves strategic bitcoin reserve bill
Why it matters: Legislative enshrinement of the bitcoin reserve reduces the risk of Trump's policy being reversed and creates long-term demand from the state.
House committee postpones vote on bitcoin reserve bill H.R. 8957
Why it matters: The delay reduces the chances of swift legislative enshrinement of a US strategic bitcoin reserve.
Senator Moreno calls crypto bill failure 'a sad day for the Senate'
Why it matters: Without federal legislation, crypto regulation in the US will shift to the SEC and CFTC through individual rules.
Brian Steil comments on CLARITY Act failure
Why it matters: The bill's failure leaves crypto regulation to the discretion of the SEC and CFTC, keeping uncertainty for the market.
SEC and CFTC chiefs say they will push regulation after CLARITY Act failure
Why it matters: Crypto rules will be written not by Congress but by the SEC and CFTC — this will speed up regulation but increase the risk of legal disputes.
After CLARITY Act failure, banks and exchanges look to SEC for rules
Why it matters: The shift of regulation toward the SEC will determine the rules for listing, custody and token operations for the entire industry.
CRV drops 13% as on-chain volume hits $167.9M
Why it matters: The short overhang and sparse liquidation clusters below the price set up conditions for a CRV rebound if the broader market backdrop improves.
INJ falls 10.2% after CLARITY Act fails and $637M in liquidations
Why it matters: INJ is losing momentum along with the broader market; holding the $5.26 zone will determine whether the rebound continues or a deeper correction begins.
Bitcoin holds $76,000 after Fed's first rate hike in three years
Why it matters: The Fed's next moves and U.S. inflation will determine whether bitcoin holds near $76,000 or slides toward recent lows as Treasury yields rise above 5%.
Smishing campaign posing as crypto wallet update hits 260,000 people
Why it matters: Mass phishing campaigns disguised as wallet updates threaten users' funds and require verifying the source of any links.
Bitcoin tests $75,000 as Supertrend flips bearish
Why it matters: A break of $75,000 would open the way to $74,600 and the $70,300–71,900 moving-average zone, while a return above $78,600 would refocus attention on $80,000.