Source link

The White House is reportedly preparing fresh restrictions targeting Chinese-made data centers as it seeks to secure the infrastructure powering the race for AI domination.

The new rules, reported by Reuters earlier today, would prohibit US imports of new models of Chinese optical transceivers used in AI data centers.

AI-Security Needs Increase

The Federal Communications Commission is developing the proposed restrictions and is expected to announce them later this year. If approved, they would block future imports of the network components, which transmit data through fiber-optic cables at extremely high speeds. They have a key role in connecting AI chips inside modern data centers.

Reuters further claimed that US officials are concerned that Chinese-made transceivers could be exploited to steal sensitive information, install malicious software, or disrupt operations inside the massive data centers that power some of the leading AI models.

Divyansh Kaushik, an AI policy expert in advisory firm Beacon Global Strategies, doubled down that “transceivers definitely pose a risk,” and warned that AI developers “want to make sure the data center supply chain is secure from the get-go.”

According to the report, the proposals come after some hard lessons learned by the US government from the Huawei fiasco, when Chinese telecommunications equipment became so deeply embedded into American infrastructure that replacing it became highly expensive and time-consuming.

Beijing Will Respond

Although the White House and the FCC failed to respond to Reuters’ queries, the Chinese embassy in Washington said Beijing had urged the US to “heed the objective and rational voices of the business communities in both countries and stop smearing Chinese companies and threatening them with sanctions.”

The officials added that China will “take all necessary measures” in response to whatever action is undertaken by the Trump administration.

The POTUS has frequently outlined in the past the significance of keeping the US as the leader in terms of artificial intelligence and cryptocurrency adoption and development.

The post Trump Administration Plans Ban on New Chinese AI Data Center Components: Report appeared first on CryptoPotato.

Source link

Senate Majority Leader John Thune confirmed on August 3 that H.R. 3633, the Digital Asset Market Clarity Act, will receive a Senate floor vote before the August recess, upgrading the bill’s status from probable to scheduled.

The confirmation matters, but it does not resolve the harder question: whether Republicans can assemble the roughly seven Democratic votes needed to clear the 60-vote filibuster threshold that stands between a floor vote and actual passage.

As of that confirmation, the CLARITY Act was still absent from the official Senate floor calendar, and no cloture motion had been filed.

Per analysis from crypto analyst Ted Pillows, if Senate leadership waits until Wednesday, August 6, to file cloture, the earliest possible floor vote falls on Friday, August 8, leaving almost no margin before the chamber disperses for its state work period.

The primary source identifies August 7 as the last functional Senate workday, with August 10 marking the visible close of the window.

Thune’s move to force a vote, even without guaranteed passage, is partly about accountability. A floor vote creates a public record, placing every undecided Democrat on the spot before the midterm cycle intensifies. That political calculation does not change the arithmetic, but it changes the pressure environment heading into September.

Bitcoin (BTC)

24h7d30d1yAll time

Discover: Get Paid to Be Right, $25 to Start on Kalshi

What the CLARITY Act Would Actually Restructure

The core function of the CLARITY Act is jurisdictional. The SEC retains oversight of investment contracts and tokenized securities.

The CFTC acquires full spot market regulatory authority over digital commodities, a significant expansion given the agency currently holds derivatives jurisdiction but limited fraud enforcement reach in spot markets.

That SEC-CFTC split is the structural change the industry has been lobbying toward for years, as covered in earlier reporting on Treasury Secretary Bessent’s pressure campaign for the same vote.

The total crypto market stood at $2.28 trillion as of July 20, 2026, with Bitcoin accounting for $1.29 trillion, roughly 56% dominance, and stablecoins representing approximately $305 billion.

Bitcoin (BTC)

24h7d30d1yAll time

The remaining $680 billion in digital assets is the most directly affected tranche: those are the tokens whose securities-versus-commodities classification remains legally ambiguous, and whose exchanges, market makers, and issuers would face new registration and compliance obligations under the bill.

Bitcoin is the least affected asset in this picture. It already carries established commodity treatment, a derivatives market, and spot ETF access. The CLARITY Act would confirm its status rather than change it.

The primary beneficiaries sit in the mid- and long-tail of the market: investment contract-type tokens seeking commodity reclassification, U.S. spot exchanges pursuing federal registration, stablecoin platforms navigating yield restrictions, and DeFi protocols with identifiable governance structures.

Discover: Everyone’s Got a Take. Get Free $25 to Actually Trade Yours

Three Unresolved Disputes That Could Sink the 60-Vote Count

The Senate Banking Committee passed its version of the bill 15-9 on May 14, 2026, with all Republicans plus Democratic Senators Ruben Gallego and Angela Alsobrooks in favor, though both explicitly reserved judgment on floor support pending further negotiations.

The Senate Agriculture Committee, which oversees CFTC jurisdiction over digital commodity spot markets, approved a separate version in January 2026. Senator Cynthia Lummis released a unified draft merging both committee texts on July 22, but reconciliation gaps remain.

The stablecoin rewards debate is the most commercially charged open issue. The Senate Banking draft would prohibit yield payments on stablecoin holdings, treating platforms that pay such yields as de facto deposit-taking institutions subject to bank-equivalent requirements.

Crypto firms argue the provision protects incumbent banks rather than consumers, and the carve-outs for transaction rewards, digital payments, and loyalty programs raise definitional questions that the SEC, CFTC, and Treasury would have to resolve jointly in rulemaking, adding implementation uncertainty even if the bill passes.

Ethics rules represent the more politically explosive obstacle. Several Democratic senators are pushing for stricter restrictions on federal officials and their families engaging in crypto dealings, a demand inseparable from the Trump family’s crypto activity.

The updated draft includes a temporary restriction on senior officials issuing or sponsoring digital assets, set to expire in 2029, but that provision has not secured White House backing.

Senator Thom Tillis acknowledged negotiators are “not quite there” on an ethics agreement. Without that resolution, the Democratic vote count necessary to reach 60 likely does not exist. Per crypto.news, Polymarket traders price the CLARITY Act’s probability of becoming law in 2026 at approximately 33%, while Galaxy Research puts it at 30%.

What Failure Before August 10 Actually Means for Crypto Markets

The August 10 date carries institutional weight rather than immediate market weight. No existing exchange, token, or stablecoin faces legal jeopardy if the bill misses the window.

What changes is the regulatory trajectory: a failed vote pushes the realistic timeline for comprehensive crypto market-structure legislation into mid-2027 at the earliest, as post-recess legislative calendar compression coincides with government funding negotiations and a sharpening midterm environment.

The practical consequence of continued delay is that the SEC and CFTC proceed through guidance and enforcement rather than statute, a framework that is both less predictable and more reversible with each change in administration.

That regulatory uncertainty is already priced into U.S.-based exchange valuations and token classification risk premiums. Passage would compress those premiums; failure extends them.

The parallel is instructive: MiCA’s implementation in Europe demonstrated how codified market structure rules can materially shift institutional positioning once legal ambiguity is removed.

Even if the CLARITY Act clears the Senate and reaches the president’s desk, the operational timeline is not immediate. The current draft sets a 360-day effective date after enactment, with additional delays built in for SEC and CFTC rulemaking on exchanges, custody, derivatives, and market data.

Most operational changes would not take effect until late 2027. Passage in 2026 matters for the institutional commitment it signals and the legal baseline it sets, not because it flips a switch on market structure in the near term. The next 72 hours of Senate scheduling will determine whether that baseline arrives this year or gets deferred into another Congress entirely.

Discover: Everyone’s Got a Take. Get Free $25 to Actually Trade Yours

The post CLARITY Act Senate Vote Locked In, But 60-Vote Hurdle Looms Large appeared first on Cryptonews.

Source link

Source link

The preferred shares have recovered nearly 24% from their June closing low as Strategy builds its cash reserve and repurchases STRC.

Source link

The pound just closed its strongest week against the dollar in months, ending July up more than 1% and holding just below $1.35. Two factors are driving the move. First, political risk has faded: the UK appointed its seventh prime minister in a decade, and the new government’s pledge of fiscal discipline has reassured markets. Second, the Bank of England surprised with a more hawkish tone than expected—policymakers voted 6-3 to hold rates steady, but three members pushed for a hike, a stronger signal of resolve than markets had priced in.

The dollar, meanwhile, has had a rough few sessions. Following the Fed’s decision to hold rates for a fifth consecutive meeting, Chair Kevin Warsh offered little clarity on the path ahead, leaving investors questioning whether the central bank is doing enough to bring inflation back to target. The dollar index posted its worst weekly performance in three months as a result, though roughly two-thirds of the market still expects a September hike.

With both central banks striking cautiously hawkish tones but offering little forward guidance, GBP/USD’s next move looks set to hinge on incoming US labor data.

Technical Analysis of GBP/USD

As the GBP/USD chart shows, the pair has been compressing into a broad symmetrical triangle since January’s highs, with price now converging near the 0.382 Fibonacci retracement around 1.3427, exactly where the two trendlines meet. This narrowing structure suggests a decisive breakout may be approaching after months of range-bound trading.

Bullish Scenario

Advertisement

Should buyers push through the descending trendline and reclaim the 0.5 Fibonacci retracement near 1.3510, the path would open toward the 0.618 level around 1.3594, with a stronger move potentially targeting the 1.3865 highs from January if fundamental momentum aligns.

Bearish Scenario

Conversely, a break below the ascending trendline would expose the 1.3200 support zone, with a more significant breakdown risking a retest of the 1.3155 low that anchored this entire triangle formation.

With price coiled right at the apex of this multi-month triangle, and both the Fed and incoming labor data serving as potential catalysts, GBP/USD looks primed for its next major directional move—will the pound extend its recent strength, or is the dollar poised for a comeback?

Advertisement

Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips (additional fees may apply). Open your FXOpen account now or learn more about trading forex with FXOpen.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Source link

Source link

After a painful end to the previous week (and month), the spot Bitcoin ETFs began August with a bang, attracting over $170 million in net inflows.

This made them the best-performing exchange-traded funds tracking any cryptocurrency on Monday, which has not always been the case lately.

The fresh capital that entered the BTC funds on Monday is almost the same as the entire net positive for July, which was $172.42 million. At the same time, the underlying asset rebounded from another dip to $62,200, and jumped to $64,000 in midday trading.

In contrast, the Ethereum ETFs far outperformed in July, attracting more than $365 million last month. However, SoSoValue data shows that the financial vehicles tracking the largest altcoin were actually in the red on Monday, losing $11.42 million.

The XRP ETFs gained a modest $1.15 million, but extended their non-red streak, as the last day with more withdrawals was July 8.

The Solana funds saw no reportable action, similar to those tracking Dogecoin, but that’s no surprise since they have rarely seen any actual inflows.

The spot HYPE ETFs, which were once the top-performing crypto funds, are on a painful streak. The last time they were in the green was July 15. On Monday, the ETFs lost nearly $1 million again.

The post BTC vs ETH vs XRP: Which ETFs Attracted the Most Money on Monday? appeared first on CryptoPotato.

Source link

Bitcoin’s price volatility within the $62,000-$64,000 range returned in the past 24 hours as the asset challenged both boundaries, only to be stopped twice.

Most larger-cap alts are slightly in the green today, led by ADA’s more impressive 5.5% surge. AVAX, DOT, and HYPE follow suit.

BTC Rebounds to $64K

The previous business week was quite eventful for all financial markets, including BTC. Ahead of the Wednesday conclusion of the Fed FOMC meeting, the cryptocurrency was rejected at $65,600 and dipped below $63,000. Once it became known that the central bank won’t change the rates, which was not as certain as it was for six years, bitcoin’s volatility continued.

Another dip followed, before it rocketed to over $65,000 on Friday when it was rejected once again. This time, it dived to $62,400 on Friday and $62,200 on Saturday. The bulls reemerged on Sunday morning after US President Donald Trump canceled the planned strikes against Iran.

However, the brief surge to $63,800 couldn’t spark a more profound recovery, and BTC quickly dipped back down to $62,200 on Monday. Perhaps the positive net flows into the spot Bitcoin ETFs resurrected the cryptocurrency, and it jumped to $64,000 within hours. It tapped $64,200 earlier today but was halted again and now sits almost a grand lower.

Its market capitalization has rebounded to $1.275 trillion on CG, while its dominance over the alts remains inches below 57%.

BEAT Keeps Diving

Audiera (BEAT) continues to be the most volatile top 100 alt. After a few days of charting double-digit gains, it was rejected yesterday and has slumped by 20% on a 24-hour scale to well under $3. UNI, STABLE, and CC follow suit in terms of daily losses, but are a lot less painful.

In contrast, ADA, AVAX, and DOT have all charted gains of more than 5% daily. Cardano’s native token has defied the overall market sluggishness lately, jumping to a multi-month peak at almost $0.20.

ETH, SOL, BNB, DOGE, and XMR have marked increases of around 1%, while HYPE (4%) and ZEC (2.5%) have jumped slightly more.

The total crypto market cap has recovered $40 billion since yesterday’s low and is up to $2.240 trillion on CG.

The post Audiera (BEAT) Plunges Again, Bitcoin (BTC) Rebounds Above $63K: Market Watch appeared first on CryptoPotato.

Source link

Source link