Today's Crypto and Bitcoin News

Momentum behind the CLARITY Act is building fast. But the Senate’s top leader says the crypto bill will likely not pass before the August break.The bill would set the first clear US rules for crypto. It would decide which agency watches over which coins. Backers finally have the support they wanted.

Three major U.S. crypto advocacy groups have urged Senate leaders to move the Digital Asset Market Clarity (CLARITY) Act forward on the chamber floor, arguing that the legislation remains a rare chance to establish a clearer federal framework for digital assets. In a joint letter sent Friday to Sena

Brian Armstrong, CEO of Coinbase, one of the largest cryptocurrency exchanges in the US, warned that the company may be forced to move some of its operations abroad if comprehensive cryptocurrency regulation is not implemented in the country.Speaking at an interview on Capitol Hill, the US Congressi

Verizon just inked a deal worth more than $1 billion with Google to light up dark fiber connecting the search giant’s data centers. The agreement, announced during Verizon’s Q2 2026 earnings call by CEO Dan Schulman, is the kind of massive infrastructure play that signals where the real money in AI

The European Central Bank’s proposed digital euro is drawing intense debate across Europe, with supporters framing it as a tool to preserve the euro’s monetary sovereignty in an increasingly online payments economy, while critics warn it could expand surveillance and give authorities new powers over

BitMEX and its co-founders, including Arthur Hayes, were sued in a proposed class action accusing the exchange of keeping customer collateral seized in liquidations and running an internal trading desk with access to confidential position data. The complaint was filed July 23 in the Southern Distric

The complaint, which includes former BitMEX CEO Arthur Hayes and former CTO Samuel Reed as defendants, alleges that the exchange operated a fraudulent scheme from an insider desk managed by Head of Business Development Gregory Dwyer to trade against its users.Key TakeawaysBitMEX and its founders fac

TL;DRDogecoin dropped more than 5% after the interview in which Elon Musk admitted he had “gone too far” in politics and in his role leading the governmental DOGE.The memecoin fell from around $0.0723 to a low of $0.0685, and is down 5% on the week with a trading volume of $690 million.The governmen

BitMEX, the exchange that essentially invented leveraged crypto trading for the masses, announced on July 23 that it would shut down for good on September 23, 2026. Within hours, a class-action lawsuit landed in the US District Court for the Southern District of New York.The lawsuit: 622 Bitcoin and

Evernorth CBO: XRP Is the Utility Layer for Finance While Bitcoin Remains Digital GoldEvernorth Chief Business Officer Sagar draws a clear distinction between Bitcoin and XRP, arguing that while both are valuable digital assets, they serve fundamentally different purposes.He describes Bitcoin as "di

Foreign exchange desks are not the only ones ripping apart every Consumer Price Index release. Crypto traders now calibrate their positions around the same inflation data, and a new market analysis from forex broker JustMarkets highlights just how reactive markets have become to even small CPI surpr

ChainThink reports that on July 25, Anthropic announced the launch of the Opus 5 AI model. Anthropic stated that Opus 5 performs close to the cutting-edge Fable 5 model but at half the price.

Wise Group, the London-listed fintech formerly known as TransferWise, is heading back to the drawing board after the Office of the Comptroller of the Currency denied its application for a national trust bank charter on July 23, 2026. The company says it will resubmit under the framework created by t

The US just dropped a tariff hammer on about 60 countries at once. Peru is one of them.Effective July 24, Washington began levying new duties ranging from 10% to 13% on exports from dozens of economies across multiple continents. The stated justification: these nations failed to adequately prohibit

The momentum trade, that beloved strategy of buying whatever is already going up and hoping it keeps going up, just reminded everyone why it has a body count. A basket of 50 stocks popular with retail traders has fallen 13% in July alone, according to Bloomberg, marking the steepest monthly decline