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What Will Happen to Bitcoin if the Clarity Act (the 'Bull Market' Law) Is Not Passed Soon? A Prominent CIO Assesses...

Matt Hogan, Chief Investment Officer of crypto asset management firm Bitwise, stated that if the Clarity Act, aimed at establishing a regulatory framework for the crypto market in the U.S., is not passed this week, it could lead to a short-term downturn in the cryptocurrency market. In a memo, Hogan noted that the most positive market scenario if the bill fails would be investors quickly pricing in this outcome. He suggested that a significant drop in expectations for the bill's passage, particularly reflected in prediction markets like Polymarket, could help reduce regulatory uncertainty. Hogan explained that if the act fails, a sharp decline in prediction market odds to at least 10% would remove this uncertainty. While the market might wobble briefly, it would set up a better position for an upward trend in the fall. Hogan views immediate passage this week as the best scenario but unlikely, with Senate hearings more probable in September. The key, he emphasized, is for investors to accept that the Clarity Act won't pass in the short term, allowing the market to price this in, find a bottom, and eliminate the uncertainty.

cryptonews.ru2 days ago 19:55

What Will Happen to Bitcoin if the Clarity Act (the 'Bull Market' Law) Is Not Passed Soon? A Prominent CIO Assesses...

cryptonews.ru2 days ago 19:55

BlackRock brings tokenized money market funds to Europe via JPMorgan

BlackRock will launch tokenized versions of some of its European money market funds using JPMorgan's blockchain technology. The offering will include funds denominated in pounds, euros, and US dollars from its Institutional Cash Series, which oversees about $311 billion in total assets. Each token will represent a share in an underlying fund and allow for 24/7 transfers between approved digital wallets. JPMorgan's platform, Kinexys, will provide the tokenization infrastructure, with the bank also acting as the transfer agent. BlackRock executives noted strong interest from digital wallet providers, corporate treasurers, and capital markets participants looking for more efficient collateral and intracompany payment solutions. This move expands BlackRock's presence in the tokenized cash management space, following the 2024 launch of its BUIDL fund in the US, which has grown to $2.67 billion in assets.

cointelegraph08/05 09:35

BlackRock brings tokenized money market funds to Europe via JPMorgan

cointelegraph08/05 09:35

Dragonfly Estimates Prevention of Coldcard Hack at $2

The venture capital firm Dragonfly estimates that the vulnerability exploited in the Coldcard hardware wallet hack could have been prevented for approximately $2 by using advanced AI to scan the code. Managing partner Haseeb Qureshi argued that cybersecurity is increasingly a matter of expenditure: with AI models conducting attacks, a product's security depends on how much the developer spends on scanning their own code with similar frontier AI tools compared to the attacker's budget. He based this estimate on the time an AI model took to find the bug and the API costs from a provider like Zhipu AI. Meanwhile, research from Galaxy indicates the attack was carried out by at least 15 different entities, with confirmed losses now estimated at $100 million and potentially rising to $130 million. The hack, which began on July 31, initially resulted in the theft of nearly 595 BTC from around 500 users. In response, hardware wallet companies Trezor and Foundation have warned users about related phishing campaigns.

cryptonews.ru08/05 09:15

Dragonfly Estimates Prevention of Coldcard Hack at $2

cryptonews.ru08/05 09:15

Avalanche Price Forecast for August 2026: Can AVAX Break Above $7 When Kenya Launches on the Network?

Avalanche (AVAX) Price Forecast for August 2026: Key Factors and Levels Avalanche (AVAX) is trading at $6.782 on August 4, showing signs of a potential breakout after consolidating between $5.50 and $7 since June. The price has recently moved above its 20-day and 50-day EMAs, with the Parabolic SAR turning bullish for the first time in months. Key resistance levels are $7 (range top), $7.483 (100-day EMA), and $9.368 (200-day EMA). Support lies at $6.775 (50-day EMA), $6.532 (20-day EMA), $6.040 (Parabolic SAR), and $5.50 (range bottom). Historically, August is AVAX's strongest month with an average return of +25.1%, though median returns are more modest. The token enters August from a low base after a significant June sell-off. Fundamentally, the network is seeing increased institutional adoption. Kenya's National Examinations Council (KNEC) has placed over 15 million academic records on Avalanche. Other developments include Securitize tokenizing ~$300M, Progmat migrating $2.7B+ in securities, Aave V4 expanding to Avalanche, and Hyundai launching a stablecoin payment pilot. The Avalanche Payments Collective has also launched with 29 members. The weekly forecast suggests a range between $6.60-$8.50 for the month, with a close above the 100-day EMA at $7.483 being a key bullish target. The bearish risk involves a rejection at $7 and a fall back towards the $5.50 range low. The progress of the U.S. CLARITY Act by August 7 is noted as a potential macro catalyst.

cryptonews.ru08/05 08:53

Avalanche Price Forecast for August 2026: Can AVAX Break Above $7 When Kenya Launches on the Network?

cryptonews.ru08/05 08:53

SpaceX's First Earnings Report Exceeds Expectations, But After-Hours Trading Drops Over 7% Under Lockup Expiration Pressure

SpaceX's first post-IPO quarterly results surpassed expectations, with revenue reaching $78.14B (up 92% YoY), adjusted EBITDA of $35.38B (up 191% YoY), and a narrowed net loss of $541M. Starlink remains the profit core, contributing 55% of revenue. AI emerged as the fastest-growing segment, contributing 33% of revenue with a 247.5% YoY increase. However, shares fell over 7% after-hours due to concerns over high AI capital expenditures ($158.28B in Q2) and impending lock-up expiration for ~912M shares on August 6th. Management targets a $1T annualized revenue run-rate by end-2026, heavily reliant on AI cloud service contracts.

marsbit08/05 02:52

SpaceX's First Earnings Report Exceeds Expectations, But After-Hours Trading Drops Over 7% Under Lockup Expiration Pressure

marsbit08/05 02:52

Tether Surpassed Kazakhstan in Gold Purchases in the First Half of 2026

Tether, the company behind the USDT stablecoin, announced in August 2026 that its physical gold reserves had reached approximately 150 tonnes. In the first half of 2026 alone, it purchased 27.1 tonnes. According to the company's comparison with World Gold Council data, this purchasing volume would rank it third globally for the period, behind only Poland and China and surpassing Kazakhstan. Part of the total reserves (about 22 tonnes) backs the XAU₮ token (Tether Gold). Demand for XAU₮ grew by nearly 9.5% in Q2 2026, equivalent to an additional 1.66 tonnes of physical gold, despite a decline in the gold price that quarter. Tether's strategy represents a diversification of its reserves beyond US dollars and treasuries and strengthens its position in the tokenized commodities market. While comparing its purchases to central bank activity is partly a marketing move, the scale—tens of tonnes per half-year—shows it operates at volumes comparable to some nations. The growth in XAU₮ demand during a price correction suggests some investors view tokenized gold as a portfolio diversification tool independent of short-term price movements. This occurs within a broader trend of record central bank gold buying in Q2 2026.

cryptonews.ru08/04 09:44

Tether Surpassed Kazakhstan in Gold Purchases in the First Half of 2026

cryptonews.ru08/04 09:44

Bank of Japan Signals Interest Rate Hike Despite Keeping Them at 1%

The Bank of Japan (BOJ) kept its benchmark interest rate at 1% on July 31, as widely expected, following a June hike to a 31-year high. The decision passed with an 8-1 vote, with board member Hajime Takata again dissenting in favor of a hike to 1.25%. Despite holding rates steady, the BOJ signaled a hawkish tilt, warning that underlying inflation is likely to accelerate and exceed 2% from the latter half of the fiscal year. While it slightly lowered its core inflation forecast for FY2026, officials expressed stronger confidence that an overshoot will occur later, driven by yen weakness, corporate pricing behavior, and lingering energy shock effects. Markets were focused on the BOJ's forward guidance. Analysts noted the central bank appeared to balance short-term caution with a long-term warning of tighter policy. Governor Kazuo Ueda faces the challenge of reconciling a government reluctant to tighten further with bond markets already pricing in additional hikes, with the timing of the next move debated. Adding complexity, the BOJ reportedly intervened in currency markets hours before the rate decision, buying yen to support the currency which had fallen to 40-year lows against the dollar. Yen weakness stems from the wide U.S.-Japan interest rate gap, high fuel prices, and market skepticism about the pace of BOJ policy normalization. The yield on Japan's 10-year government bonds fell to 2.8%, indicating investor expectations for future monetary tightening.

cryptonews.ru07/31 09:43

Bank of Japan Signals Interest Rate Hike Despite Keeping Them at 1%

cryptonews.ru07/31 09:43

US Treasury Sanctions Iranian Insurers Accepting Bitcoin

The U.S. Treasury Department's OFAC has imposed sanctions on two Iranian marine insurance companies, Persian Gulf Marine Insurance Company and HormuzSafe Marine Services Authority, for using cryptocurrency to evade sanctions. The Treasury alleges the firms are controlled by Iran's Islamic Revolutionary Guard Corps (IRGC) and force commercial vessels to purchase mandatory insurance for passage through the Strait of Hormuz, while Iran itself creates the primary risks. HormuzSafe notably accepts payment in Bitcoin and other digital assets. U.S. Treasury Secretary Scott Bessent stated the measures aim to prevent Iran from taking global trade hostage or using shipping to finance terrorism and repression. The sanctions also target eight vessels in Iran's "shadow fleet" transporting oil and petrochemicals. These actions are part of broader U.S. efforts, under an existing executive order, to pressure Iran's oil sector and its economy, which is suffering from high inflation.

cryptonews.ru07/30 11:09

US Treasury Sanctions Iranian Insurers Accepting Bitcoin

cryptonews.ru07/30 11:09

A New Era for Bitcoin and Altcoins Begins in Russia: Central Bank Publishes Draft Regulations!

Russia is taking significant steps to prepare for a new era in its cryptocurrency sector. Following the State Duma's recent approval of a bill regulating Bitcoin and altcoins, the Central Bank of Russia has published a draft framework to establish the first legal basis for systematic crypto trading in the country. This framework, an extension of the crypto market law expected to take effect in September, outlines procedures for buying and selling digital assets and sets key rules for their custody. It proposes that crypto custodians must maintain a capital of 50 to 250 million rubles (over $3 million USD) and meet additional requirements for storage and record-keeping. Furthermore, cryptocurrency exchanges will be allowed to define their own trading procedures and calculate weighted average prices for assets traded on their platforms. The Central Bank will also maintain a register of institutions authorized to hold digital deposits.

cryptonews.ru07/28 16:26

A New Era for Bitcoin and Altcoins Begins in Russia: Central Bank Publishes Draft Regulations!

cryptonews.ru07/28 16:26

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