Crypto World
Strategy pauses bitcoin purchases as USD reserve reaches $3 billion
Strategy (MSTR) has not purchased any bitcoin since June 22, when it acquired just 520 BTC for approximately $35 million. Since then, the company has shifted its immediate focus from bitcoin accumulation to strengthening its liquidity position.
During the week ending July 5, Strategy sold 3,588 BTC in two transactions. It sold 1,363 BTC for approximately $80.8 million on June 30, followed by another 2,225 BTC for $135.2 million. The sales generated roughly $216 million and reduced Strategy’s holdings to 843,775 BTC.
The company said the proceeds would help fund distributions on its preferred stock and replenish the portion of its U.S. dollar reserve used to make those payments. The reserve stood at approximately $2.55 billion following the sales.
On Monday, Strategy increased its U.S. dollar reserve to approximately $3 billion. Based on annualized preferred-stock dividends and debt interest of roughly $1.76 billion, the reserve now provides about 20.4 months of coverage.
This liquidity buffer should give Strategy sufficient flexibility to navigate an extended bitcoin downturn without being forced to sell significant amounts of bitcoin at lower prices or raise capital under unfavorable conditions.
With the death of Senator Lindsey Graham and another senator hospitalized, Republicans’ current majority in the chamber has been reduced to 51-47, likely requiring more Democratic support to pass crypto market structure.
US President Donald Trump is urging members of the Senate to pass the Digital Asset Market Clarity (CLARITY) Act “in honor of” Senator Lindsey Graham, who died over the weekend.
In a Monday Truth Social post, Trump said that Graham had been “a big supporter” of the CLARITY Act, calling on the Senate to pass the legislation. The chamber has four weeks in session before a month-long state work period in August, giving lawmakers a small window of opportunity to pass the crypto market structure bill. Graham died at age 71 on Saturday.
Source: Donald Trump
Graham, a South Carolina lawmaker who served in the Senate since 2003, did not serve on the banking committee or agriculture committee in the current session of Congress, and did not cast any vote advancing the CLARITY Act. He voted in favor of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in 2025, but did not appear to have made any public statements directly supporting CLARITY.
The crypto market structure bill is expected to shift much of the authority for enforcing digital asset regulation and oversight from the US Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC). However, many Senate Democrats have signaled that they will not support the legislation without provisions to address potential conflicts of interest between lawmakers and the crypto industry, some citing Trump’s ties to projects like his memecoin and his family’s World Liberty Financial company.
Related: US CBDC ban to go into effect without Trump signoff on housing bill
With the death of Graham and Senator Mitch McConnell hospitalized, Republicans’ current majority in the Senate has been reduced to 51-47, likely requiring additional support from Democrats to meet the 60-vote threshold to pass the crypto bill. Cointelegraph sought comment from the offices of Senators Tim Scott, Kirsten Gillibrand and Angela Alsobrooks for a reaction to Trump’s comments but did not receive an immediate response.
In a Monday X post, Senator Cynthia Lummis said she supported Trump’s comment, adding Graham “was passionate about ensuring that American leadership stayed at the forefront of everything – including digital assets.” Cointelegraph also contacted Lummis’ office for clarification on Graham’s position on digital assets but did not receive an immediate response.
Magazine: Crypto’s CLARITY Act faces partisan fight over ethics on Senate floor
This is a developing story and will be updated as more information is available.
Circle Internet Group’s (CRCL) final approval from the Office of the Comptroller of the Currency to establish First National Digital Currency Bank is a positive milestone, but investors may be overestimating its significance, according to Japanese investment bank Mizuho.
“While a positive development, we believe the market reaction is likely overly optimistic, as this does not resolve fundamental issues that have been hurting the stock of recent,” analysts led by Dan Dolev said in the Friday report.
Shares of the stablecoin issuer closed 5% higher on Friday following the news. The stock on Monday has given back most of those gains, trading 4.7% lower at $63.03 at publication time.
Mizuho reiterated its neutral rating, arguing that the regulatory approval does not resolve the fundamental issues weighing on the stock.
Those challenges include a decline in USDC’s market capitalization since March 2026, which the bank said raises questions about the stablecoin’s growth trajectory.
The second-largest cryptocurrency has staged a minor resurgence over the past week, while numerous analysts believe a much more substantial pump could be on the way.
Certain technical indicators support the bullish outlook and may indeed set the stage for a more meaningful recovery.
Is ETH Ready to March?
After the devastating June lows, the bulls clawed back some of the losses and even briefly pushed the price above $1,800 over the weekend. However, the bears offered strong resistance, and ETH currently trades at around $1,750 (per CoinGecko), representing a 1% increase for the past week.
According to X user Ted, such a level can be considered a good sign and shows that sellers no longer dominate. He believes that holding above the $1,750 support zone is crucial and could open the door to a rally towards $2,000.
Michael van de Poppe was even more optimistic, expecting the next breakout to push ETH to $2,500. For their part, AlΞx Wacy claimed that the asset needs to break above a certain descending trendline that has historically fueled 250% pumps in weeks. The analyst pointed out that this critical threshold sits at around $1,880.
Altcoin Sherpa gave their two cents, too. While noting ETH’s price decline over the last several months, the analyst described it as “pretty attractive” in the short term with potential to climb to around $2,500.
Ali Martinez also chipped in, vowing to open a long position in ETH if its price surpasses $1,850. It is important to note that his previous take on the asset was rather bearish, outlining that its TD Sequential indicator flashed a sell signal and that could be followed by a plunge to as low as $1,700.
The Bullish Metrics
ETH’s Relative Strength Index (RSI) reinforces the predominant optimism shared by the aforementioned analysts. The technical analysis tool, whose ratio runs from 0 to 100, has fallen to around 30, indicating that the asset has entered oversold territory and could be on the verge of a rally. Conversely, readings above 70 are interpreted as pre-pullback signals.
Next on the list is the declining amount of ETH stored on exchanges. Today (July 13), the figure dropped to a nearly ten-year low of around 15.3 million units. Fewer coins on centralized platforms usually result in reduced immediate selling pressure.
The post Top Ethereum (ETH) Price Predictions as of Late appeared first on CryptoPotato.
President Trump declaration that the United States would “probably” take control of the Strait of Hormuz, and should be compensated for doing so, landed on crypto and markets like a macro grenade. Bitcoin was already trading near $64,000 before the comments added another geopolitical headache to an already fragile market. The full effect on crypto is still playing out.
Trump’s remarks, made on Monday, hint at a possible U.S. shift toward direct control of one of the world’s busiest oil chokepoints. Around 20% of the global oil supply passes through the Strait of Hormuz each day. Unsurprisingly, risk assets reacted first, with crypto traders stepping back alongside sellers in tech stocks.
— Coin Bureau (@coinbureau) July 13, 2026
TRUMP: COUNTRIES WILL PAY THE US “A LOT OF MONEY” FOR GUARDING THE STRAIT OF HORMUZ
"We're going to keep the Strait and we'll probably run it."
"We'll become the Guardian of the Strait. Maybe you'll call it the Guardian Angel of the Strait."
"And we should be reimbursed for… pic.twitter.com/9aPHAXcsAi
At the same time, the Senate Agriculture Committee advanced a crypto market structure bill along party lines. It marked another regulatory step forward, although the split vote showed Washington still cannot agree without a fight. Politics and crypto have never exactly been best friends.
Both developments are now feeding the same trade: risk off. Trump influence on crypto policy has repeatedly moved markets, and his Hormuz comments only raise the stakes. For now, traders seem more interested in protecting capital than chasing the next green candle.
Discover: The Best Token Presales
Can Bitcoin Hold Its Crypto Support as Trump Geopolitical Risk Mounts?
Bitcoin price prediction has turned cautious after BTC slipped below $64,000. The weekly low sits near $61,700, making the $61,500 to $62,000 zone the line in the sand. If that level fails, the next stop could be the upper $50,000s. Two weeks ago, that sounded far-fetched.
Even so, the recent selling has not been driven by crypto alone. Money has also flowed out of other risk assets, showing this is a wider market move. That is a small comfort, though. If fear came through the front door together, confidence may need a macro spark before it walks back in.
The bullish case remains straightforward. If Hormuz tensions ease and crypto legislation regains momentum, Bitcoin could reclaim the $64,000 to $65,000 area. That would likely catch late bears leaning the wrong way. Markets have a habit of making the largest crowd look clever, right before proving them wrong.
The base case is less dramatic. Bitcoin may keep chopping between $62,000 and $64,000 while traders wait for clearer signals. That kind of price action often tests patience more than conviction. Sideways markets can feel longer than they really are.
The bear case stays valid if Bitcoin closes below $61,500 on strong volume. Fresh escalation around Hormuz or disruption to oil supplies could deepen risk aversion. Previous oil shocks have kept Bitcoin under pressure for longer than many expected.
Discover: The Best Crypto to Diversify Your Portfolio
Bitcoin Hyper Eyes Early-Mover Positioning as BTC Tests Critical Support
With Bitcoin stalling below $64,000 and macro risk dominating sentiment, spot BTC upside at the current market cap requires a significant catalyst to materialize quickly. Traders looking to express Bitcoin conviction at an earlier point in the risk curve are increasingly eyeing infrastructure plays.
Bitcoin Hyper ($HYPER) is positioning itself at that intersection. It is the first Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration. Hyper’s smart contract execution speed that competes with Solana itself, while anchoring to Bitcoin’s security layer.
The presale has raised $33 million to date at a current price of $0.013683, with staking incentives live. Features include a Decentralized Canonical Bridge for BTC transfers and sub-second transaction finality, directly addressing Bitcoin’s core friction points around speed, fees, and programmability.
For traders who want Bitcoin ecosystem exposure without chasing spot BTC at a $1.4 trillion market cap, the risk/reward calculus is structurally different. Research Bitcoin Hyper before the presale window closes.
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The post Trump Says the US will Control Hormuz, Crypto at His Mercy appeared first on Cryptonews.
Bitcoin weakened further at the start of Monday’s Wall Street session as investors digested renewed US–Iran tensions, with the cryptocurrency sliding toward the $62,000 area. The move came alongside risk-off weakness in US equities, while energy markets held firm after heightened developments involving the Strait of Hormuz.
On the political front, US President Donald Trump said the United States would “run” the Strait of Hormuz after Iran closed the route over the weekend—an escalation that helped keep oil prices elevated and added uncertainty for broader markets. Against that backdrop, some traders described aggressive BTC short positioning and pointed to key intraday levels that could determine whether selling continues or sparks a rebound.
Key takeaways
- Bitcoin slid toward roughly $62,000 as US stocks opened lower and sentiment was pressured by US–Iran escalation.
- Trump’s comments about taking over the Strait of Hormuz coincided with firmer oil prices, with WTI hovering around the mid-$70s.
- Traders cited “massive” short activity into the pre–New York open, with price pinned near a volume-weighted average level (mVWAP) that bulls may need to defend.
- Despite the weakness, some market participants still see a path back toward the $70,000–$75,000 zone, citing exhaustion signals and exchange data.
Bitcoin tests key levels as shorts lean in
Market charts from TradingView showed BTC/USD edging toward the $62,000 region as Monday’s session got underway. One trader highlighted what they described as “massive” short trading into the period leading up to the New York open, arguing that price was being pushed directly toward mVWAP—a level bulls typically watch because it represents the average traded price weighted by volume across exchanges.
In a post on X, JDK Analysis said the market was “now sitting directly at mVWAP,” adding that $60,000 could resurface if the level fails. JDK also suggested the selloff looked “very weak,” but that a bounce remained possible if New York attracts meaningful spot demand and mVWAP holds, potentially trapping some short sellers.
Other participants echoed the bearish flow. Exitpump, for example, previously flagged a “crazy amount of aggressive shorting” while also noting that open interest appeared to be rising—an observation often associated with expanding derivatives positioning as price moves.
Oil steadies higher on Strait of Hormuz escalation
The BTC pullback also tracked broader macro conditions at the open. US stocks were broadly lower, with the Nasdaq Composite down about 1% at the time of writing, reinforcing a cautious risk tone across markets.
Energy prices remained supported by geopolitical risk tied to the Strait of Hormuz. According to Fox News’ live coverage, Trump said the US would take responsibility for the strait, describing the country as a “guardian” and suggesting it should be “reimbursed” for that role. Reuters and other outlets have frequently framed the Strait as a key international oil shipping route, meaning disruptions or heightened control can quickly spill into expectations for supply and transportation risk.
In crypto markets, that matters because sustained oil-driven inflation and risk premium shifts can influence both liquidity conditions and investor appetite for high-beta assets like BTC—especially during periods where derivatives positioning is already crowded.
WTI crude was reported by TradingView to be circling around $75 per barrel, holding gains as traders priced in continued uncertainty.
Traders still target a rebound toward $70,000
Even with the sell pressure, some traders continued to argue that downside momentum could be nearing exhaustion. Roman, a trader who previously laid out bullish expectations, said on X that several metrics pointed toward a move higher and that timing depended on how the market forms on the way up.
Roman specifically referenced higher-timeframe and lower-timeframe signals, while also pointing to exchange-related observations suggesting that more spot was being bought than sold. He pointed to a potential upside window in the $70,000–$75,000 area, implying that shorts could face a squeeze if buyers regain control and derivatives demand flips.
Importantly for readers, these views do not negate the immediate weakness: they frame the current trading as potentially offering a setup for a rebound rather than a straight line reversal. In markets where price is pinned near levels like mVWAP, bulls typically look for confirmation through sustained spot buying and follow-through after the open.
What to watch next: confirmation, spot demand, and derivatives positioning
For traders trying to gauge whether the current dip evolves into continued downside or a tactical bounce, the near-term focus is likely to remain on whether BTC can hold key intraday benchmarks such as mVWAP and whether spot demand increases during US trading hours. At the same time, monitoring open interest and the pace of short activity could help signal whether the market is building new bearish exposure—or if shorts are starting to get forced out.
With geopolitical headlines still capable of moving both oil and risk sentiment, the next session’s order-flow and follow-through (rather than any single forecast) may determine whether Bitcoin’s $62,000 test turns into a deeper move toward lower support levels or a renewed attempt at reclaiming the $70,000 area.
A revised CLARITY Act draft merging the Senate Banking Committee and Senate Agriculture Committee bills is expected this week, adding roughly 70 pages to the text, but the ethics provision Senate Democrats have made a precondition for their votes is not included.
Without that language, securing the seven or more Democratic votes needed to clear the 60-vote threshold for Senate cloture looks structurally difficult before the August recess.
The vote arithmetic is straightforward: Republicans hold 53 seats, meaning the bill needs at least seven Democrats to cross 60. The ethics standoff has been the central obstacle since Democrats first laid out their full demands last year, and that dynamic has not shifted with this draft.
One person familiar with the talks said directly that without the ethics language, sufficient Democratic support will be difficult to secure.
Galaxy Research has revised its 2026 passage odds down from 75% following Senate Banking Committee clearance to roughly 50-50. Prediction markets currently show approximately 37% odds of passage before August, a number that reflects the compressed timeline as much as the substantive impasse.
Discover: The Best Token Presales
What Democrats Are Demanding, And Why the White House Won’t Budge
The ethics provision at issue, Section 604 conflict-of-interest language, would bar senior government officials, elected officials, and their immediate family members from holding financial interests in or profiting from crypto assets while in office.
Sen. Kirsten Gillibrand (D-NY) has been unambiguous: no ethics language, no Democratic votes. The Van Hollen ethics amendment was defeated 13–11 along party lines in committee, and the White House has indicated it will not accept language that specifically targets the President – a direct reference to the Trump family’s crypto holdings and business interests.
— Ash Crypto (@AshCrypto) July 13, 2026
The U.S. House will hold a hearing on the Crypto CLARITY ACT in just 4 days, on July 17. pic.twitter.com/2f3qB2yttx
That framing makes a clean compromise difficult. Any ethics language strong enough to satisfy Gillibrand and her Democratic colleagues is, by the White House’s own definition, the kind of language it has said it will reject.
The merged draft released this week sidesteps that problem by omitting the provision entirely, which solves nothing on the Democratic vote count. Democratic positioning on crypto legislation has hardened around this issue specifically, making a floor vote without a resolution a high-risk procedural move.
Discover: The Best Crypto to Diversify Your Portfolio
The July Window and What a Miss Would Mean for Crypto Regulation
Senate Majority Leader John Thune said last month he intends to bring the bill to the floor in July. The weeks of July 20 and July 27 are the two dates under active discussion for a floor vote, both of which fall immediately before the August recess, making this the last viable legislative window before the midterm campaign cycle absorbs the Senate’s attention.
The CLARITY Act passed the House 294–134 in July 2025, cleared the Senate Banking Committee 15–9 on May 14, 2026, and now sits on the Senate Legislative Calendar awaiting floor action.
If the bill misses the summer window, analysts project its 2026 prospects deteriorate materially, the calendar resets, and there is no obvious mechanism to restart the process before midterm positioning takes over. Markets and institutional investors have been pricing in passage risk accordingly, with the bill’s progress, or lack of it – directly influencing sentiment across large-cap assets.
The optimistic path still exists: ethics language gets resolved in the three-to-four-week window after the draft release, floor vote happens late July, and the bill reaches the President’s desk in early August.
The pessimistic path, impasse holds, Democrats withhold votes, and the bill stalls, would prolong the patchwork of state regimes and enforcement-by-litigation that institutional participants have consistently identified as the primary barrier to deeper U.S. market participation.
The merged draft this week is a step in the legislative process; whether it is a step toward resolution or a formality before another delay depends entirely on what happens to the ethics provision in the next two weeks.
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The post Ethics Standoff Clouds CLARITY Act Path as July Vote Window Narrows appeared first on Cryptonews.
Bitcoin (BTC) fell further into Monday’s Wall Street open as markets reacted to the US-Iran escalation.
Key points:
- Bitcoin falls toward $62,000 as losses intensify on nerves over the US-Iran war.
- Donald Trump says that the US should “run” the Strait of Hormuz as a tug-of-war with Iran continues.
- BTC price action is described as “very weak”, but a $70,000 rebound prediction remains in place.
Oil rises amid “aggressive” BTC shorting
Data from TradingView showed BTC/USD edging closer to $62,000 amid what a trader described as “massive” short trading.
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
US stocks were broadly in the red at the open, with the Nasdaq Composite Index down 1% at the time of writing.
Speaking to Fox on the day, US President Donald Trump said that the US would be taking over the Strait of Hormuz, a key international oil route, which Iran closed at the weekend.
“We’re going to keep the strait, and we’ll probably run it. We’ll become the guardian of the strait. Maybe we’ll call it the ‘guardian angel’ of the strait. And we should be reimbursed for that,” he said.
Oil prices stayed higher, with WTI crude circling $75 per barrel.
CFDs on US WTI crude oil one-hour chart. Source: Cointelegraph/TradingView
Bitcoin saw pressure, with sellers firmly in control after an initial drop following the weekly close.
“Massive shorting into this pre NY-open drop. Price is now sitting directly at mVWAP, a key level bulls need to defend!” analytics account JDK Analysis wrote in a post on X.
The post referred to the volume-weighted average price across exchanges, warning that $60,000 could reappear.
“With spot also selling, this still looks very weak. But if New York brings real spot demand and mVWAP holds, a bounce could trap a large number of sellers,” JDK added.
BTC/USD chart with order-book data. Source: JDK Analysis/X
Others also noticed the downward trend, with commentator Exitpump earlier reporting a “crazy amount of aggressive shorting” while open interest continued to rise.
Bitcoin upside targets still see $70,000 returning
Those making the case for a rebound on the day included trader Roman, who retained his new bullish bias.
Related: BTC price bull market to begin in September? Five things to know in Bitcoin this week
In an X post, Roman highlighted several price metrics, including the relative strength index (RSI) and volume, showing downside exhaustion.
“I believe a move higher is coming it all just comes down to formation and how we get there,” he wrote.
“Lots of HTF & LTF indications for 70-75k area + exchange data is showing that more spot is being bought than sold. It’s a matter of when not if.”
BTC/USD one-day chart. Source: Roman/X
Earlier, Cointelegraph reported on various expectations of continued BTC price upside this month before bearish continuation, ultimately ending in a Q3 macro bottom.
A record Nasdaq listing, a meme-fueled trading boom, and the largest corporate Bitcoin (BTC) holder selling its coins are set to define this quarter. These 5 companies across AI and crypto carry the stories investors will follow through September.
Each faces a key test this quarter, from debut earnings to defending market dominance. Here are the top 5 companies to watch.
1. SK Hynix (SKHY)
SK Hynix is South Korea’s second-most valuable company and the world’s leading supplier of high-bandwidth memory (HBM) chips. The company has emerged as one of the biggest beneficiaries of the AI infrastructure boom, with demand for its advanced memory chips continuing to outpace supply.
Last year, SK Hynix said its entire planned supply for 2026 had already been sold out, highlighting the strength of long-term AI demand. That momentum has helped propel its Seoul-listed shares by more than 180% year to date.
Last week, SK Hynix made its Wall Street debut. The company began trading on Nasdaq on Friday, pricing its shares at $149 to raise over $26 billion in the largest foreign listing ever on a US exchange.
The ADRs debuted strongly, opening near $170, before closing their first session almost 13% higher.
Despite the strong fundamentals, volatility has also been a defining feature. The company’s Seoul-listed shares fell 15.4% in a single session today.
How the stock trades through this quarter will be worth watching, especially after a notable decline following SpaceX’s record IPO.
Analysts remain firmly bullish. Goldman Sachs raised its 2028 operating profit forecasts for SK Hynix by 24% to 454 trillion won ($299.62 billion).
Citi lifted its target to 3.1 million won in May, roughly 68% above the current price of 1.8 million won. Meanwhile, UBS told clients to buy the new US depositary receipts while selling the Seoul-traded stock.
2. SpaceX (SPCX)
Elon Musk’s SpaceX is an aerospace, connectivity, and artificial intelligence company, which absorbed xAI ahead of its market debut. The company went public in June with the biggest IPO on record.
SpaceX priced its shares at $135 and opened at $150 on June 12. The stock touched $225 in its first week before seeing a continuous drawdown.
The slide has persisted despite the Nasdaq-100’s inclusion, a milestone that attracts passive investment flows from index-tracking funds. On Friday, it closed at a record low of $145.30, down 9.7% from its debut closing price.
Even so, at least six major brokerages, including Morgan Stanley, Goldman Sachs, and UBS, have initiated coverage with buy-equivalent ratings, Bloomberg reported.
Attention now turns to the company’s first earnings report as a public company. SpaceX has not announced a date, though analysts expect it in early August.
Analysts are bullish but far apart. Morgan Stanley set a target at $300, roughly 106% above current levels, with a bull case of $600 and a bear case of $75.
RBC and Banco BTG Pactual both set $225 targets, UBS sits at $210, Goldman Sachs at $205, and Stifel at $190. Even the lowest of those implies about 31% upside from Friday’s close.
Follow us on X to get the latest news as it happens
3. Robinhood (HOOD)
Robinhood grew from a retail trading app into a global brokerage with more than 27 million funded accounts. The company expanded its crypto business through the acquisition of Bitstamp and launched its own Layer-2, Robinhood Chain, in July.
The stock is down year to date amid a market downturn. Yet, it has gained significantly since May with a 51% rally.
Its DEX volumes and agentic AI push have also captured attention. Robinhood Chain DEX volume reached a record $893 million on July 11, per Dune data, driven by a renewed meme coin frenzy led by Cash Cat.
At the same time, the company is expanding its agentic AI trading from stocks into crypto. Prediction markets have become another growth engine. Event contracts traded on Robinhood jumped from 300 million in Q1 2025 to 8.8 billion in Q1 2026, according to Artemis.
Wall Street repriced the stock at notable speed this month. Mizuho raised its target on HOOD shares to $130 from $115 while maintaining an Outperform rating.
Barclays lifted its target 48.8% to $122 from $82 and reiterated its Buy rating. Morgan Stanley also raised its target by 30.5% to $124 from $95.
4. Strategy (MSTR)
Strategy or MicroStrategy is the largest corporate holder of Bitcoin, with 843,775 BTC purchased at an average price of $75,653. With Bitcoin below $63,000, the position sits deep underwater.
The company’s famous flywheel has reversed. Its market premium to net asset value has compressed below 1x, making new share sales dilutive. Meanwhile, MSTR, like the rest of the crypto stocks, is flashing red, down 37.7% so far in 2026.
Strategy sold 32 BTC in late May to fund preferred dividends, its first sale since a tax-related move in December 2022. The board then approved a Digital Credit Capital Framework on June 29, which authorizes the sale of up to $1.25 billion in Bitcoin. Further larger sales followed in July.
Q2 earnings are scheduled for July 30. Investors will watch whether the company leans further into Bitcoin sales under its $1.25 billion authorization.
Analysts are split on the recovery path. Citi kept a Buy rating but cut its target to $136 from $260, nearly halving its forecast. Mizuho lowered its target to $213 from $340. At the same time, Barclays initiated coverage with an Equal Weight rating and a $130 target.
5. Circle (CRCL)
Circle issues USDC (USDC), the second-largest stablecoin. The company went public last year, riding on favorable regulatory momentum and surging crypto prices.
Nonetheless, the crypto market drawdown has weighed on stock returns. BeInCrypto’s analysis revealed that Circle is trading lower from its $69 open.
Measured against the $31 offer price, however, Circle is still up by more than 100%. This makes it one of only two recent debuts still trading above their offer prices.
Competition struck hard in late June when Stripe, Visa, and BlackRock launched a rival stablecoin called Open USD, crashing Circle shares 17% in a single day. The stock is now down 16.6% year to date.
However, Circle has secured major regulatory wins. The company received final approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank.
It also holds MiCA compliance for both USDC and its euro-denominated EURC, giving it licenses that its consortium rival lacks. Q2 earnings on August 12 offer the next test of whether that moat is holding.
Analysts hold the widest range of targets on this list. Goldman Sachs cut its target to $96 with a Neutral rating, roughly 47% above current levels. Bernstein reaffirmed its Outperform rating with a $190 target, while Clear Street called the selloff overdone.
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The post Top 5 Companies To Watch in Q3 For Stock Market Traders appeared first on BeInCrypto.
President Donald Trump has urged the Senate to pass the CLARITY Act in honor of the late Senator Lindsey Graham as lawmakers face a narrowing window before the August recess.
Summary
- Trump has urged the Senate to pass the CLARITY Act in honor of the late Senator Lindsey Graham.
- Senate negotiators are racing to finalize a merged draft before Congress begins its August recess.
- Ethics disputes over Trump’s crypto business interests continue to complicate the bill’s path forward.
Trump links crypto bill to Graham’s legacy
In a Truth Social post, President Trump called on senators to pass the CLARITY Act in memory of Senator Lindsey Graham, whom he described as a strong supporter of the legislation. Graham died over the weekend after a brief illness.
While making his appeal, Trump argued that the United States must not lose ground to China in either digital assets or artificial intelligence. He claimed the U.S. is leading in both sectors and warned that China and other countries would like to control what he called a major financial development if Congress fails to act.
The latest appeal adds to Trump’s repeated calls for lawmakers to advance the CLARITY Act, which forms part of his administration’s push to establish the United States as a global center for the crypto industry. As crypto.news previously reported, Senate negotiators are working against a tight legislative calendar before lawmakers leave for their August recess.
Senate staff are expected to release a merged version of the CLARITY Act during the week of July 13. The draft combines proposals from the Senate Banking and Agriculture committees and reportedly adds more than 70 pages, including stronger consumer protections and revisions made during bipartisan negotiations.
White House crypto adviser Patrick Witt also described the current week as critical for the legislation. In a July 13 X post, Witt noted that the week coincides with the first anniversary of the GENIUS Act becoming law and argued that lawmakers have already lost valuable time. He said Congress can no longer afford further delays as work on the crypto framework enters its final stages.
Ethics dispute remains the biggest hurdle
Support for the bill continues to run alongside a dispute over ethics rules tied to President Trump’s personal cryptocurrency business interests.
As crypto.news reported last week, Democratic senators Elizabeth Warren, Richard Blumenthal, Gary Peters, Dick Durbin, and Ron Wyden called for congressional hearings into the national security implications of Trump’s crypto holdings before lawmakers move ahead with the CLARITY Act.
According to the senators’ joint statement, Trump’s latest financial disclosure showed that his family’s crypto ventures generated roughly $1.4 billion in income while unidentified outside investors continue to hold interests in the World Liberty Financial project. The lawmakers argued those financial ties deserve closer examination before Congress approves legislation that would reshape U.S. crypto regulation.
Separately, Coinbase Chief Policy Officer Faryar Shirzad recently rejected claims that the CLARITY Act would weaken national security. Shirzad argued that regulatory uncertainty leaves room for bad actors to operate outside clear federal oversight, whereas the proposed legislation would move more crypto activity into a defined compliance framework.
Shirzad added that the bill would require crypto brokers, dealers, and exchanges to comply with Bank Secrecy Act obligations, including anti-money laundering programs, customer identification checks, suspicious activity reporting, sanctions compliance, and procedures allowing platforms to pause suspicious transfers when requested by law enforcement.
He argued these requirements show the legislation imposes stronger safeguards rather than reducing oversight.
Support for the measure also came from Senator Cynthia Lummis, who said Graham believed the United States should remain at the forefront of digital assets. Lummis urged fellow senators to approve the CLARITY Act and send it to President Trump for his signature.
Crypto World
Iran Just Struck 5 Countries, and Cardano Dropped to $0.16: But Kraken Quietly Staked $1B
Cardano (ADA) is trading near $0.1616 on July 13, retesting the 20-day EMA as an overnight geopolitical shock, Iran launching coordinated strikes across five regional countries, rattled crypto markets broadly, and pushed ADA to an intraday low of $0.1572 before a partial recovery.
The move matters because it defines whether this is a controlled pullback to structure or the start of another leg lower. What the chart reveals about that question is less ambiguous than the headlines suggest.
Kraken quietly registered 12 Cardano stake pools in June with approximately $1 billion in ADA delegated, infrastructure commitment at a scale that requires deliberate operational planning, not an automated backend toggle.
— Stake with Pride
Kraken registered 12 Cardano pools with ~ $1B cardano:native in June! pic.twitter.com/r1NR6eSMAZ
Midnight + Cardano (@StakeWithPride) July 11, 2026
Simultaneously, Cardano logged 233 GitHub commits over the past seven days, placing it fifth among all Layer-1 networks and accounting for roughly 6.2% of total L1 development activity across approximately 3,700 commits.
That combination of institutional staking posture and developer momentum is the kind of quiet accumulation signal that tends to be ignored amid geopolitical noise and then remembered in hindsight. Broader altcoin flows remain tilted toward Bitcoin and Ethereum for now, keeping ADA rangebound despite the underlying activity.
Can Cardano Price Reclaim $0.19 This Week?
ADA price at $0.16, down 3.60% over 24 hours and off 13.10% over the past seven days, with a short-term bounce of 4.89%, the spread reflecting the extent of intraday volatility the geopolitical event injected. The 7-day range runs from roughly $0.1623 to $0.1922, putting spot price near the bottom of that band.
Technically, the 20-day EMA near $0.1667 is the line in the sand. The RSI sits at 43.04 with a bullish divergence structure still technically active from June lows, though momentum has clearly faded from the 60-level peak seen after the initial bounce. The 50-day EMA at $0.1811 and the 100-day at $0.2111 cap upside meaningfully, the former resistance band at $0.20–$0.22 is now supply, not floor.
Three scenarios structure the near-term read. Bull case: ADA holds the 20-day EMA zone on a closing basis, geopolitical fear subsides, and price grinds back toward $0.19 over 3–5 sessions.
Base case: consolidation between $0.16 and $0.1811 as macro uncertainty keeps risk appetite suppressed, no breakdown, no breakout.
Bear case: a daily close below $0.155 opens a retest of the $0.14 region, invalidating the bullish divergence structure entirely. Broader market conditions remain the dominant variable — ADA does not cleanly diverge from the macro direction at this stage of the cycle. (The Kraken staking news is constructive, but institutional staking yield generation is not the same as a price catalyst.)
Is $0.19 achievable this week? Only if risk appetite recovers faster than the geopolitical situation warrants. The probability distribution skews toward the base case.
LiquidChain Targets Early Mover Positioning as Cardano Tests Critical Support
ADA’s range compression illustrates the core problem with established Layer-1s at this stage: the market cap is large enough to require significant capital inflows to move price, but narrative momentum has stalled below key moving averages with no near-term catalyst to force institutional re-rating.
That’s the structural dynamic pushing some active traders toward earlier-stage infrastructure plays where the asymmetry is still intact.
LiquidChain (LIQUID) is a Layer 3 infrastructure project positioning itself as a cross-chain liquidity layer, its core thesis being that Bitcoin, Ethereum, and Solana liquidity pools remain siloed, and that unified execution across all three represents an unsolved infrastructure problem worth solving.
The project’s Unified Liquidity Layer and Deploy-Once Architecture are the headline technical differentiators: developers deploy once and access BTC, ETH, and SOL ecosystems simultaneously through single-step execution with verifiable settlement. The presale is currently priced at $0.01479 with $903,121.14 raised to date, early stage by any measure.
Early-stage presales carry real risk of project non-delivery and illiquidity; that caveat is non-negotiable. Research LiquidChain’s presale terms before allocating.
The post Iran Just Struck 5 Countries, and Cardano Dropped to $0.16: But Kraken Quietly Staked $1B appeared first on Cryptonews.
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