Crypto Market Recap

Bitcoin needs a decisive break above $65,000–$65,500 to confirm a new uptrend, according to analysts. Whether the CLARITY Act passes before the August recess, whether ETF inflows continue to scale upward, and whether geopolitical tensions ease will determine if this recovery is a genuine trend reversal or merely a summer rebound in a low-liquidity environment.

Bitcoin This Week

• Bernstein says Bitcoin mining deals necessary for AI power crunch
• Bulls face a test unlike anything in bitcoin's 17-year history
• Bitcoin will get ‘lift’ from Hyperliquid, Robinhood in next crypto bull market: Bitwise exec
• Crypto catches its breath as bitcoin settles into a holding pattern amid July rally
• Live markets: Bitcoin slips back as Iran war expansion sends oil surging above $90 per barrel

Ethereum This Week

• Arbitrum Perp DEX AFX Trade Drained of $24M, Offers Hacker 30% to Return It
• Hackers steal $31.6M in 2 crypto bridge attacks within 7 hours
• Senator Lummis: Ethics, other provisions in crypto Clarity Act to be further discussed
• Key Democratic lawmakers say crypto Clarity Act 'falls short' on ethics, other issues
• US officials barred until 2029 from issuing or sponsoring tokens under CLARITY’s proposed ethics rules

DeFi This Week

• Morning Minute: Wall Street Moving Onchain Will Drive the Next Bull Market
• BitMEX, the exchange that invented perps, is shutting down
• SEC's Peirce warns some DeFi vaults, onchain lending may fall under securities laws
• Centralized Elements 'Frequently Persist' in DeFi and Should Be Regulated: FATF
• Morpho launches fixed-rate lending protocol on Base

General This Week

• Abu Dhabi's Mubadala Capital joins tokenization push as Coinbase takes stake in onchain fund
• Polymarket to challenge France’s nationwide website block
• HYPE falls as crypto funds queue nearly $150M in locked tokens for withdrawal
• Crypto 'Wrench Attacks' Cost Victims $124M in Six Months, Up 12x: CertiK
• Kazakhstan approves strategic crypto mining rules tied to national reserve