🇺🇸 Senator Kirsten Gillibrand is facing a fierce backlash from progressive groups over her role brokering the CLARITY Act's ethics provisions.
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21 Jul 2026
$203.2M
$37.5M
$5.8M
$5.7M
🔻 HYPE ETFs :
-$700.0K
Total:
$251.5M net inflows
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Movement Labs, the team behind the Movement blockchain, has filed for Chapter 11 bankruptcy protection in Delaware.
Court documents indicate the company holds assets between $100,000 and $500,000, with liabilities potentially reaching $10 million across 299 creditors.
Originally launched as an Ethereum Layer 2 utilizing the Move programming language, the project secured tens of millions in funding, including a $38 million Series A, and released the MOVE token in late 2024.
It is crucial to understand that Chapter 11 involves financial restructuring rather than liquidation. The company may continue operations while reorganizing finances or seeking to sell assets under court supervision.
This situation serves as another reminder that even heavily funded crypto projects are not immune to financial instability.
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Institutions Are Moving Deeper Into Crypto
The current crypto recovery is not only about price action.
Behind the scenes, traditional finance is becoming more active across the crypto market.
Bitcoin ETF inflows are returning, major institutions are increasing exposure, crypto platforms are attracting serious investment, and traditional brokers are expanding access to digital assets.
💛 @Cryptocurrency_Inside
The current crypto recovery is not only about price action.
Behind the scenes, traditional finance is becoming more active across the crypto market.
Bitcoin ETF inflows are returning, major institutions are increasing exposure, crypto platforms are attracting serious investment, and traditional brokers are expanding access to digital assets.
This matters because crypto is slowly becoming part of the broader financial infrastructure. The focus is no longer only on speculation. It is also about custody, trading access, liquidity, payment rails, and long-term institutional positioning.
Of course, this does not remove risk. Volatility remains high, not every project will survive, and market sentiment can shift quickly.
But the direction is important:
The same financial institutions that once treated crypto as a threat are now looking for ways to participate in its growth.
Retail investors watch the price.Institutions watch the infrastructure. And right now, that infrastructure is getting stronger.
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Ethereum is showing a strong bullish sign as the staking withdrawal queue has cleared completely, indicating no current backlog of validators seeking to exit.
Simultaneously, demand to stake is surging, with nearly 2.5 million ETH - valued at approximately $4.8 billion - now waiting to join the validator queue.
This trend suggests investors prefer locking up their ETH over selling it, which lowers potential selling pressure and increases the total amount secured in staking.
Should this momentum continue, it could serve as a further catalyst for $ETH in the weeks ahead.
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Recent data from River indicates that Bitcoin ownership among Americans now exceeds gold ownership.
The report specifies that 18.6% of Americans hold Bitcoin, compared to 10.8% who own gold.
These statistics demonstrate that digital assets are becoming a standard store of value, particularly for younger investors.
Although gold remains a traditional safe-haven, Bitcoin is gaining traction as adoption widens and institutional participation grows.
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Tokenized stocks hit a new all-time high.
In June, monthly transaction volume (trading, transfers, DeFi collateral) reached a record $9.22 billion, a 170x year-over-year increase from $53 million.
While a16z crypto notes this remains small compared to traditional equities, the trend is clear: as issuers and platforms bring tokenized stocks on-chain, tokenization is rapidly shifting from theory to reality.
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Nvidia CEO Jensen Huang says Chinese open-source AI models should not be banned in the US, per Axios.
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BTC : $65,818
ETH : $1,928.24
BNB : $570.65
SOL : $77.57
Market Cap
Total : $2.33T
DeFi : $67.3B
24hr Vol : $70.3B
Sentiment
FGI : Fear (39)
Open Interest : $110.74B
24h Liquidation : $163.2M
The crypto market is holding its recovery, with Bitcoin still trading near the $66K zone and total market capitalization staying above $2.3T.
Ethereum is showing stronger momentum, while BNB and Solana remain relatively stable as broader risk appetite improves.
Sentiment has moved higher, but the market is still in Fear territory — meaning confidence is improving, but not fully back yet.
Open interest remains elevated, while liquidations are moderate, showing leverage is active without another major market-wide flush.
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US crypto industry representatives will join Republican leadership for a call later this morning to receive updates on the latest CLARITY Act text.
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The Senate has 15 days to approve the Crypto Clarity Act before departing for their summer recess.
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Hester Peirce noted that the classification of crypto vaults and on-chain lending strategies under federal securities laws depends on how they are structured.
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Media is too big
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The SEC has announced that Sam Waldon, the Principal Deputy Director of Enforcement, will depart the agency on July 31 following over 14 years of service. Former official Osman Nawaz is set to take over his role.
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Forwarded from Coin Info | Crypto News & Markets
Kraken Pushes Tokenized Stocks Global
Kraken’s parent company, Payward, is expanding its tokenized stock platform beyond U.S. equities.
🔥 @coininfo
#Tokenization #Kraken #Stocks
Kraken’s parent company, Payward, is expanding its tokenized stock platform beyond U.S. equities.
The company is moving toward bringing Hong Kong, U.K., European, and South Korean stocks on-chain through its xStocks framework.
This is another major signal that tokenization is becoming one of the strongest bridges between traditional finance and crypto.
Global stock markets are slowly moving on-chain.
#Tokenization #Kraken #Stocks
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US senators are reviewing a revised version of the CLARITY Act.
This proposed legislation aims to ban the president and other federal officials from issuing, backing, or making money from cryptocurrencies and other digital assets.
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Bitwise CIO Matt Hougan:
The next crypto bull market will be driven by stablecoins, tokenization, 24/7 trading, instant settlement, and institutional DeFi scaling into the trillions.
💛 @Cryptocurrency_Inside
The next crypto bull market will be driven by stablecoins, tokenization, 24/7 trading, instant settlement, and institutional DeFi scaling into the trillions.
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Seven Democratic Senators who support cryptocurrency argue that the CLARITY Act, drafted by Republicans, still lacks sufficient measures for ethics, consumer protection, and illicit finance.
Despite these concerns, they remain dedicated to collaborating with Republicans to finalize and pass the legislation.
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Blockaid identified an exploit involving approximately $24.15 million in USDC on AFX, a third-party bridge protocol operating on Arbitrum.
Steven Goldfeder, co-founder of Offchain Labs, confirmed that the native Arbitrum bridge was not compromised and stated that an investigation is currently underway.
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