📊 Bitcoin This Week (July 27 – August 2) Bitcoin traded in a tight range most of the week. It started around $65,000 and closed near $63,000 after a small pullback. No major crash, no big breakout — just sideways action while bigger stories played out. 📉 🏛️ The Clarity Act This is the big U.S. crypto market structure bill that would finally clarify which agency regulates what (SEC vs CFTC) and treat Bitcoin as a digital commodity. Updated text was released earlier, but the Senate did not vote on it before the August recess. Hopes for a quick passage this year have dropped. Markets are watching closely because real regulatory clarity would remove a major uncertainty for institutions. ⚙️ BIP-110 This is a completely separate story happening inside Bitcoin itself. BIP-110 is a temporary soft-fork proposal that would limit how much non-payment data (images, inscriptions, tokens, etc.) can be stored in Bitcoin transactions for one year. Supporters want to reduce blockchain “spam” and keep block space focused on money. Critics (including Michael Saylor and Adam Back) say changing consensus rules for this reason sets a dangerous precedent and risks a chain split. Miner support is still extremely low (around 1–3%). A mandatory signaling window starts in early August. Two big battles at the same time: One in Washington (Clarity Act) and one on the Bitcoin network (BIP-110). Both will shape what Bitcoin looks like in the coming months. #Bitcoin #ClarityAct #BIP110