Crypto Industry News & Market Trends

Morning Minute: The Clarity Act Has New Life

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt.　　GM!　　Todays top news:Crypto majors jump 2-3% as ETF flows increase; BTC at $66.2kBTC ETFs see $227M in net inflows, notch 5 straight green sessionsWhite House has reportedly agreed on an ethics package for Clarity ActSaylor adds another $225M in cash by selling MSTR; no new BTC buysRobinhood Chain sees big green overnight, launchpad PONS leads +100%　　????️ The White House Reaches an Ethics Deal on CLARITY, Clearing a Path Forward　　The single biggest roadblock to cryptos landmark market-structure bill may have just moved.　　Crypto In America host Eleanor Terrett reported Monday afternoon that the White House has agreed on an ethics package for the CLARITY Act and sent the language to certain Senate Republicans. The details aren‘t public yet, and she’s reached out for comment, but industry participants told her theyre hopeful it could clear the way for updated bill text to be released soon.　　This matters because the ethics provision has been the primary fight. For weeks, Senate Democrats led by Elizabeth Warren have refused to support CLARITY unless it bars the president, senior officials, and their families

07-21Industry

'Pointless': Dogecoin Co-Founder Slams Ending Merge Mining

Amid the ongoing merge mining debate in the Dogecoin community, co-founder Billy Markus offers a non-partisan take on the subject. Merge mining, or Auxiliary Proof of Work (AuxPoW), allows users to mine two or more coins, including Dogecoin, with the same hashpower and proof-of-work without splitting.　　Markus, who goes by “Shibetoshi Nakamoto” on X, believes removing merge mining is pointless and should not be done.　　Markus shares this point of view as a non-developer who has no investment in any scrypt altcoins. It should be noted that Markus has been out of development work on Dogecoin since 2014.　　Dogecoin was launched in late 2013 by Billy Markus and Jackson Palmer. Palmer created the Dogecoin.com website while Markus worked as a solo developer on the first four releases. In 2014, both Palmer and Markus left the development efforts, while a Dogecoin Core Development team was formed, which has been maintaining and developing Dogecoin since then.　　Scrypt altcoins, in the context of what the Dogecoin developer wrote, refer to coins that support merge mining, including Dogecoin, Litecoin, Namecoin, and several others. Litecoin and Dogecoin remain the largest and most profitable combination.　　Markus once revealed selling all of his crypto in “one clip”; this included 50 Bitcoin, 440

07-21Industry

$324 Billion in Shiba Inu (SHIB) Outflows: Are Whales Ready to Push for Uptrend？

Over 324 billion SHIB have left centralized trading platforms, marking one of Shiba Inus biggest exchange withdrawal events in recent weeks. The market has taken notice of the move right away because significant exchange outflows are typically linked to accumulation rather than active selling. The most recent on-chain data shows that total exchange outflows increased to about 325.7 billion SHIB, greatly outpacing exchange inflows of about 251.5 billion SHIB.　　Shiba Inu is ready to take over　　Exchange netflows consequently became extremely negative, at about -74.2 billion SHIB. To put it simply, during the reporting period, significantly more SHIB left exchanges than entered them. Investor accumulation is the most apparent explanation. Tokens are usually moved onto exchanges by traders who plan to sell. Withdrawing assets into long-term storage options, staking platforms, or private wallets frequently denotes a diminished desire to sell right away.　　SHIB/USDT Chart by TradingView　　This interpretation is supported by the exchange reserves ongoing decline, as the overall SHIB reserves on trading platforms continue their wider downward trend. The timing is what makes the situation especially intriguing. At $0.0000114, SHIB is still trapped close to some of its lowest points from 2025.　　Meme coin analysis　　The asset has been in a protracted downtrend for months,

07-21Industry

Worldcoins WLD Jumps 8% on Grayscale ETF Filing

In briefGrayscale has filed with the SEC to launch the first U.S. ETF tied to Worldcoin, the biometric crypto project co-founded by OpenAIs Sam Altman.The Grayscale Worldcoin ETF would hold WLD and trade on Nasdaq under the ticker GWLD, with BitGo as custodian and BNY Mellon as transfer agent.WLD rose around 8% on the news, though it remains down about 5.5% on the week.　　Worldcoins WLD token jumped after asset manager Grayscale filed to launch the first US exchange-traded fund tied to the biometric crypto project, moving to bring Sam Altmans eye-scanning venture a step closer to Wall Street.　　WLD climbed about 8% over 24 hours following the filing to an intraday high of $0.387, trimming a rough week that still left it down around 5.5% over the past seven days, per CoinGecko data.　　On Monday, Grayscale filed an S-1 registration statement for the Grayscale Worldcoin ETF, a “passive” vehicle that would hold WLD—the native token of the World Network—and track its price through the CoinDesk Worldcoin Benchmark Rate, according to the filing.　　If approved, the fund would list on Nasdaq under the ticker GWLD using the exchanges generic listing standards for commodity-based trusts—meaning it could launch without a separate SEC rule change once

07-21Industry

Bitcoin Price Back Above $66K as CLARITY Act Advances

The Bitcoin price reclaimed $66,000 this week, touching an intraday high of $66,300, its strongest print since mid-June, while posting a 24-hour gain of roughly 3% against a backdrop of thin order books and cooling US inflation data.　　US spot Bitcoin ETFs logged just $75.7M in net inflows last week, their second consecutive positive week per CoinGlass data, yet that two-week recovery of $273.1M covers only 3.3% of the $8.2Bn that exited over the prior eight weeks.　　(SOURCE: CoinGlass)　　Meanwhile, Senate progress on the CLARITY Act, the Digital Asset Market Structure bill, is injecting a separate strand of optimism into the narrative, with the legislative timeline still subject to procedural risk.　　What happens at the $64,000–$65,000 supply zone over the next several sessions will likely determine whether this is a trend shift or a retracement trap.　　Can Bitcoin Price Reach $71,500 Before the July 29 FOMC Meeting？　　$BTC has reclaimed the $65,000 level.　　The next key resistance is $67,500-$68,000, which means Bitcoin has some room to pump.　　If BTC manages to reclaim the $68,000 resistance too, it could rally another 5%-6% very quickly. pic.twitter.com/XPMb3aSU69　　— Ted (@TedPillows) July 21, 2026　　BTC is trading just above $66,000, with recent levels around $66,300. The 50-day SMA and EMA are converging in the

07-21Industry

Linqto Sells $130M in Ripple Equity to Four Institutions

A U.S. Bankruptcy Court has approved Linqtos sale of approximately $130M worth of Ripple Labs common shares to four institutional buyers, with Galaxy Digital anchoring the transaction at $60M, followed by Arrington Capital at $50M, the Private Shares Fund at $16M, and GAM Alternatives Lux at $4M, proceeds directed to the Chapter 11 Wind-Down Trust supporting customer recoveries.　　This is not simply a distressed-asset liquidation. It is a structured demonstration that institutional demand for Ripple‘s private-market equity holds across a wide pricing band, even as the company’s bankruptcy estate moves to unwind a platform that once served retail investors seeking pre-IPO access.　　This Ripple news drop came as XRP surged nearly +4% overnight, trading at $1.13 and clearing the $1.10 resistance. Daily trading volume has also increased day-on-day, and is sitting at $1.29Bn.　　Ripple Equity Sale: Buyer Allocations, Pricing, and the ROFR Waiver　　The four concurrent transactions carry materially different per-share prices: Galaxy Digital acquired shares in its $60M allocation, while Arrington Capital paid $50M, and both the Private Shares Fund and GAM Alternatives Lux paid $16M and $4M, respectively.　　Galaxys block is the largest of the four by both share count and gross proceeds, per the asset purchase agreement summary reviewed by Bondoro. Ripple

07-21Industry

United Stables adopts Chainlink infrastructure as U stablecoin tops $1B supply

United Stables has adopted Chainlink as the official oracle and cross-chain infrastructure for its U stablecoin after the asset surpassed $1 billion in circulating supply and more than $2.5 billion in daily trading volume.　　According to an announcement from United Stables, the company has integrated Chainlinks data and interoperability products to strengthen pricing, reserve verification, and future cross-chain transfers for U, its dollar-pegged stablecoin launched on BNB Chain and Ethereum in December 2025.　　The rollout includes Chainlink Data Feeds and Proof of Reserve, both of which are now live. United Stables said it also plans to integrate Chainlinks Cross-Chain Interoperability Protocol (CCIP) to support secure transfers of U between blockchain networks as the stablecoin expands across the multi-chain ecosystem.　　We are thrilled to announce that, following an extensive security review, we have adopted @chainlink as our official data and cross-chain infrastructure powering the U stablecoin.　　The company said the decision followed a review of security standards across the industry after recent incidents exposed weaknesses in legacy oracle and bridge infrastructure. According to United Stables, fragmented liquidity, unverified pricing, and vulnerabilities in cross-chain transfers were among the issues it sought to address by adopting Chainlinks infrastructure.　　Data feeds, reserve verification go live　　Under the integration, Chainlink Data

07-21Industry

Bitcoin Is 'Massively Undervalued' in $65,000 Range, Tether Advisor Explains Why

Bitcoins current price in the $64,000â€$65,000 range is giving retail investors a sense of dÃ©jÃ vu and mild anxiety, as this is exactly where the asset stalled during the previous cycle. However, major players see a completely different story in the chart. Tether adviser Gabor Gurbacs said that Bitcoin is now “massively undervalued” at these levels.　　His main argument is that the price has remained the same, but the internal structure of the market has been completely transformed.　　While the 2021 all-time high was driven by pure hype, regulatory uncertainty, and excessive leverage, by July 2026 the landscape had changed beyond recognition, with spot ETFs, interbank gateways for institutional investors, and clear rules established by governments.　　Bitcoin price chart with recent post from Gabor Gurbacs, Source: TradingView　　According to Gurbacs, once the market clears out the remaining leveraged speculators, real price discovery will begin.　　Why institutional players want $65,000 Bitcoin　　Data from the SoSoValue analytics platform supports the Tether advisers view and closely reflects actual financial flows:Funds are buying the sideways market: Major capital is methodically accumulating during the current consolidation. During the July 20 trading session, spot Bitcoin ETFs recorded net inflows of $226.92 million, with these purchases taking place while Bitcoin traded at $65,142.Five-day

07-21Industry

CoinShares launches UCITS platform targeting Europe's institutional investors

Quick TakeCoinShares is expanding into Europes $30 trillion UCITS ecosystem with the launch of a new platform and the CoinShares Bitcoin Mining UCITS ETF.The new platform positions CoinShares to target major institutional investors across Europe, including pension funds, insurers, and private banks.　　Crypto asset manager CoinShares is expanding into Europes €26.3 trillion ($30 trillion) UCITS ecosystem by unveiling a new platform alongside the launch of the CoinShares Bitcoin Mining UCITS ETF.　　In a statement released Tuesday, CoinShares said the new platform positions the firm to target major institutional investors across Europe, including pension funds, insurers, and private banks.　　CoinShares said that the primary barrier to greater investment was the product wrapper, and many of these investors mandates prevented holdings in debt securities — even those that are physically backed.　　“The UCITS platform removes that constraint, allowing CoinShares to serve those same investors, and the far larger pool of capital behind them, in the format their mandates already accommodate,” the company said in the statement.　　UCITS — which stands for Undertakings for the Collective Investment in Transferable Securities — is a regulatory framework governing investment funds that can be marketed across the European Union.　　CoinShares first fund under the new platform, the CoinShares Bitcoin Mining UCITS ETF,

07-21Industry

Why Chips Drive 44% of S&P 500 Profit Growth

If it feels like every earnings call has turned into a chip update, that is not your imagination. The math backs it up. Semiconductors are expected to carry a huge slice of S&P 500 profit growth this quarter.　　Per LSEG estimates shared in mid-July, chipmakers and equipment names are on track for a triple-digit earnings jump and to contribute almost half of the indexs overall gains. That concentration cuts both ways. Great when demand is hot. Tough when anything wobbles.　　So lets break down why 44% of S&P 500 profit growth is resting on chips, what is actually moving the numbers, where the market might be getting ahead of itself, and the signals worth watching as prints roll out.PointDetailsSemis outsized contributionSemiconductor and equipment companies are projected to deliver roughly 44% of S&P 500 earnings growth in Q2, with sector earnings up about 133% year over year, per LSEG data cited by Reuters (via MarketScreener).Index-wide growthOverall S&P 500 earnings are expected to rise around 26% in Q2 year over year, also from LSEG estimates reported by Reuters (via MarketScreener).Market pricing vs. fundamentalsThe PHLX Semiconductor Index is up about 65% year to date, with a sharp July drawdown that saw it down roughly 18%

07-21Industry

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