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CLARITY Act Stalls as Legislative Window Narrowing Rapidly

2 hours ago

The CLARITY Act’s original target of being signed into law by July 4 has been missed, and the window for its passage ahead of the midterm elections is rapidly narrowing. While most Senate work can advance behind the scenes during the summer recess, House of Representatives procedures are currently at a standstill. Negotiators remain optimistic about passing the bill by 2026, but key coordination must be completed before the Senate recess on August 7. If the bill fails to pass before the midterms, should the Democrats take control of Congress after the election, they will likely demand major revisions to the legislation.

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This week's token unlock overview: Large one-time token unlocks are coming for HYPE, PUMP, APT and others.

According to Token Unlocks data, tokens including HYPE, PUMP, and APT will see large unlocks this week, as detailed below: Hyperliquid (HYPE) unlocked roughly 452,000 tokens at 8 AM on July 6, worth approximately $30.9 million; RedStone (RED) will unlock around 40.85 million tokens at 00:00 on July 7, valued at about $4.1 million; Movement (MOVE) will unlock approximately 165 million tokens at 8 PM on July 9, worth roughly $2 million; Linea (LINEA) will unlock around 1.08 billion tokens at 7 PM on July 10, valued at approximately $2.7 million; io.net (IO) will unlock about 13.29 million tokens at 8 PM on July 11, worth roughly $2.3 million; Pump.fun (PUMP) will unlock approximately 82.5 billion tokens at 10 PM on July 12, valued at around $125 million; Aptos (APT) will unlock roughly 11.31 million tokens at 10 PM on July 12, worth about $6.9 million.

4 minutes ago

The crypto market posts a minor recovery, with Bitcoin holding steady above $63,000, and total crypto market capitalization rising 1% over the past 24 hours.

According to HTX market data, the cryptocurrency market has seen a minor recovery, with Bitcoin holding steady above $63,000 and Ethereum briefly crossing $1,800. The total crypto market capitalization has risen 1% over the past 24 hours, now standing at $2.249 trillion. BNB briefly broke through $590, while SOL exceeded $80. Leading altcoin gainers include: ALICE up 15.2% in 24 hours; TRB up 13.3%; RESOLV up 10.85%; PUMP up 8.7%; and tokens previously listed on Binance’s monitoring list such as TLM, VANRY, and SYN surged over 20%.

4 minutes ago

South Korean Bitcoin treasury firm Bitplanet has reached a partnership with Antalpha, with plans to introduce mining equipment worth 15 billion South Korean won.

South Korean bitcoin treasury firm Bitplanet has signed a memorandum of understanding (MOU) with U.S.-listed company Antalpha, planning to introduce 15 billion won worth of bitcoin mining equipment and launch full-scale mining operations this month. Future bitcoin output will be recognized as operating revenue and managed as long-term financial assets. The first-phase equipment is projected to generate over 7 BTC monthly, totaling more than 80 BTC annually. The mining rigs will be deployed in overseas regions with competitive electricity costs, including Oman and Paraguay, adopting an overseas hosting and joint venture operational model.

4 minutes ago

South Korea's KOSPI index extended its intraday decline to 3%, with SK Hynix falling more than 5%.

According to Bitget market data, South Korea’s KOSPI index saw its intraday decline widen to 3% after earlier rising more than 3%. SK Hynix’s decline widened to 5%, while Samsung Electronics fell 1.6%.

4 minutes ago

A major whale added to its positions in the storage sector against the trend, placing a bullish bet of $16.09 million on SK Hynix and Micron.

According to monitoring by ai9684xtpa, as SK Hynix (SKHX) continued to decline intraday, a crypto whale opened a roughly $7.8 million 3x long position in SKHX half an hour ago, at an entry price of around $1,604. The whale currently holds approximately 5,095 open contract positions, and plans to add another roughly $6 million in positions if the price drops to the $1,400–$1,500 range. Meanwhile, the same account holds a roughly $8.3 million 4x long position in Micron (MU). The two long positions in the storage sector have combined unrealized losses of around $590,000.

4 minutes ago

A $38.07 million BTC 20x leveraged long position has emerged on Hyperliquid, ranking as the 6th largest position overall.

According to monitoring by Ai9684xtpa, wallet address 0x004…c1bb8 opened a BTC long position with 20x leverage worth approximately $38.07 million on Hyperliquid at 8:30 AM today. The position currently holds around 600 BTC, ranking among the platform’s top six largest BTC positions, with an entry price of roughly $63,476. The account has also set up a tiered take-profit and stop-loss mechanism: it will take profit on 200 BTC when BTC rises to $65,000, an additional 100 BTC when it climbs to $66,000, and trigger a stop-loss on 200 BTC if the price falls to $60,000. Overall, the trade employs a tiered exit strategy alongside high leverage to cope with BTC’s current high volatility.

4 minutes ago

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