Crypto Industry News & Market Trends

CLARITY Act gets a boost as Patrick Witt stays at White House

White House crypto adviser Patrick Witt will remain in his post after his scheduled military training was deferred, keeping the administration‘s lead CLARITY Act negotiator in Washington during the final weeks before the Senate’s summer break.　　Witt had planned to begin Judge Advocate General training with the Georgia Army National Guard on July 27.　　Witt confirmed the change in a July 20 post on X. He said he remained committed to his military service but added that “my training has been deferred, and that I will be able to see this effort through to the end.” The decision reverses a plan that would have shifted many of his responsibilities to White House Crypto Council deputy director Harry Jung.　　For the past year, I have worked diligently to get the Clarity Act passed, fulfilling President Trumps vision to make the U.S. the crypto capital of the world.　　Witt stays as the Senate calendar narrows　　Witt serves as executive director of the Presidents Council of Advisors for Digital Assets and has played a central role in talks involving the White House, lawmakers, banks and crypto companies. As previously reported by crypto.news, he had already postponed the same training in April while CLARITY Act negotiations continued.　　The Senate now

07-21Industry

Celsius co-founders to pay $6.5M as FTC closes fraud claims

Celsius co-founders Shlomi Daniel Leon and Hanoch “Nuke” Goldstein will pay a combined $6.5 million to settle Federal Trade Commission charges tied to the collapsed crypto lender.　　The FTC said Leon will pay $4.1 million, while Goldstein will pay $2.4 million under separate court orders.　　The settlements end the FTC cases against the two executives and follow former Celsius CEO Alex Mashinskys $10 million agreement in April. The three co-founders will pay a combined $16.5 million under their respective settlements. The FTC accused them of misleading customers about the safety, availability and management of assets deposited with Celsius.　　Leon, Celsius former chief strategy officer, must pay $4.1 million under an order entered by U.S. District Judge Denise Cote on June 29. The order also enters a $4.72 billion judgment against him, with most of that amount suspended if he meets the settlement terms and provided accurate financial disclosures to the FTC.　　Goldstein, who served as Celsius‘ chief technology officer, will pay $2.4 million, according to the FTC’s latest release. Both men also face limits on future business activities. Leon cannot market or sell services used to deposit, exchange, invest or withdraw assets. Goldstein faces a similar ban covering retail crypto products used to buy,

07-21Industry

Cardano Price Prediction: Can the Van Rossem Upgrade Help the ADA Price Recover？

Key highlights:The ADA price is holding above $0.169 support, with $0.1765 and $0.2089 as key resistance levelsCardanos market cap has climbed to $6.2B-$6.33B even as ADA remains over 94% below its all-time highCardanos Van Rossem hard fork cuts smart contract costs and introduces protocol version 11 through on-chain governance　　Cardano looks set to finally stabilize itself after months of heavy selling. The ADA price has rallied back above $0.17 after slumping by close to 87% from its late 2025 highs, and some analysts see the current recovery potentially having further upside should buyers continue to defend their current support levels.　　It seems there may be a fundamental catalyst worth noting here too. Cardano has activated the Van Rossem hard fork which upgrades the platform to protocol version 11. The new protocol brings down the costs of executing Plutus smart contracts, adds some built-in capabilities and constitutes the first major Cardano update that was completely approved via on-chain governance.　　The ADA price may be starting a relief rally　　Crypto analyst More Crypto Online believes Cardano has finally reached the downside target of its current Elliott Wave structure. In his view, the next move could be a corrective Wave 4 bounce, with the ADA price having

07-21Industry

Bitcoin Short Squeeze Triggers $39M Liquidation Cascade

Bitcoin News　　Bitcoin (BTC) led a sharp short-squeeze reversal over the past four hours, as roughly $39.12 million in leveraged positions were force-liquidated across major venues. Derivatives data shows 88.65% of those liquidations hit short sellers, confirming the move was a deleveraging of bearish bets rather than a simple spot rally. Binance absorbed the heaviest damage, with $17.12 million in forced closures — 43.77% of the total — and 87.3% of those were shorts. Bybit, OKX, HyperLiquid and Gate all posted short-liquidation shares near 90%. Our reading of the order flow points to cascading buy-ins as underwater Bitcoin shorts were mechanically unwound.　　The spot market responded to the upside as those shorts were flushed. Bitcoin traded 3.10% higher near $65,862 during the squeeze, while Ether climbed 4.53% to around $1,933, with both large caps acting as the pivot that absorbed the forced buying. Major altcoins followed: XRP rose 4.48%, Solana 3.91%, Dogecoin 2.52% and BNB 2.12%. Capital tilted toward the majors — Bitcoin dominance edged up 0.18 points to 58.73%, and Ethereum dominance rose 0.17 points to 10.37%. The pattern suggests broad position rebalancing, not token-specific catalysts, drove the bounce, with liquidity favoring the largest assets first.　　Institutional flows reinforced the recovery. U.S.

07-21Industry

Public equities take the lead in new perpetual futures markets

Public equities are leading the growth of RWA markets. While RWA started out with bonds and money funds, tokenizing stocks has started to find a use case in the category.　　Public equities are coming on-chain at a higher rate, becoming a key type of RWA. The ability to trade some of the hottest trending stocks is also changing the entire crypto ecosystem, offering new life to otherwise less active exchanges.　　While institutions are still interested in BTC, ETH, and some tokens, equities are taking the attention of retail, as well as whale-sized traders.　　Public equities spark a new wave of trading　　According to Cryptorank data, public equities have 411 active markets, with over $2B in open interest as of July 2026. The weight of public equities has grown to 46% of the market, already breaking above $2.4B in daily trading volumes.　　The recent trend shows the idea of RWA is mostly used for access to leveraged trading and permissionless stock positions. RWA is not widely used for less liquid assets, and trading is still the key use case of tokenization.　　While tokenization continues even without trading, the bulk of open interest and daily activity comes from a handful of leading US equities.　　RWA holders are also a

07-21Industry

Maharashtra proposes DELTA Act for Indias first property tokenization framework

Maharashtra has advanced plans for a blockchain-based legal framework to tokenize immovable property, with Chief Minister Devendra Fadnavis directing officials to prepare draft legislation that could make the state the first in India to introduce such a law.　　SummaryMaharashtra has proposed the DELTA Act to tokenize immovable property using blockchain technology.An expert committee with SEBI, BSE and NSE representatives will draft the legal framework.The proposal could make Maharashtra the first Indian state to introduce a property tokenization law.　　According to a statement shared by Maharashtra Chief Minister Devendra Fadnavis on X, the state government has begun work on the proposed Maharashtra Digitisation and Exchange of Land Token Asset Act (DELTA Act), which is intended to create a legal framework for digitizing and exchanging tokenized interests linked to immovable property through blockchain technology.　　Unlocking Property Value through the DELTA Act!　　Chaired a meeting regarding the draft of ‘The Maharashtra Digitisation and Exchange of Land Token Asset Act (DELTA Act)’ in Mumbai, today.　　Fadnavis said he chaired a meeting in Mumbai to review the draft legislation and instructed officials to prepare the proposal as Maharashtra pursues its target of becoming a $1 trillion economy by 2030. He said developing new sources of revenue would be important in

07-21Industry

Grayscale Files S-1 for Worldcoin ETF as WLD Jumps 4.5% but Still 97% Below Its 2024 Peak

Key TakeawaysGrayscale filed its Worldcoin ETF S-1 with the SEC, targeting the ticker GWLD.WLD rose about 6% to $0.38 on the news but remains 97% below its March 2024 peak.BitGo Bank would custody the funds WLD while Bank of New York Mellon serves as transfer agent.　　A New Wrapper for an Old Idea　　The proposed Grayscale Worldcoin ETF would hold WLD tokens directly and track their value using the CoinDesk Worldcoin Benchmark Rate, less the trusts fees and expenses, giving traditional brokerage investors direct price exposure without managing private keys or using a crypto exchange. Bank of New York Mellon would serve as transfer agent, while Bitgo Bank even after the post-filing pop to $0.38, WLD remains close to 97% below that peak, underscoring how far sentiment around the project has fallen even as its user base has kept growing.　　WLD price action over the past 24 hours.　　The Orb hardware itself has evolved alongside the networks growth, with newer versions of the device incorporating Nvidia-powered chips to speed up iris verification, part of a broader push to make the identity-checking process fast enough for mainstream, in-person signups rather than a niche crypto curiosity.　　Part of a Broader Grayscale Push　　The Worldcoin filing extends a pattern

07-21Industry

Nebius (NBIS) Stock Climbs 6% as Nvidia Reveals Increased 9.3% Ownership

Key HighlightsNvidia revealed ownership of 9.3% of Nebius through a passive investment, totaling approximately 22.26 million Class A sharesThis position builds upon Nvidias previously announced $2 billion investment from March when ownership stood at 8.3%Nebius shares climbed over 6% during premarket hours after the filing became publicThe company recently obtained a $775 million debt financing arrangement supported by its AI infrastructure assets and client agreementsNorthland Securities elevated its price objective to $410, establishing the highest Wall Street target; consensus forecast suggests 38.5% potential gains　　On Monday, Nvidias disclosure of a 9.3% passive ownership position in Nebius Group propelled NBIS shares upward by more than 6% during premarket hours. The stock had already climbed 118% year-to-date prior to this announcement.　　Nebius Group N.V., NBIS　　The investment consists of approximately 22.26 million Class A shares. This total encompasses 1.19 million shares owned outright and 21.07 million shares through pre-funded warrants that remain unexercisable until September 11, 2026.　　Nvidia‘s investment carries a “passive” designation, which restricts the chip giant from leveraging its ownership to sway Nebius’ corporate strategy or pursue activist measures.　　This filing expands upon Nvidias $2 billion capital injection into Nebius revealed in March, when ownership represented 8.3%. The most recent 13G document elevated that percentage

07-21Industry

9 Best Stocks To Buy Now For August 2026

Businessman sits at the table and working on computers to check investment performance. The best stocks to buy now focus on large- and mid-cap companies with impressive earnings outlooks.　　getty　　The S&P 500 gained nearly 8% in the first half of 2026, despite geopolitical tensions, lingering inflation and an energy supply shock. Investors have looked past the negatives to the focus on the one positive that can consistently move markets: earnings.　　According to Factset, S&P 500 companies have beat consensus estimates by an average 9.2% over the past four quarters. Stock market outlooks from Goldman Sachs, Morgan Stanley and Charles Schwab have noted the strong earnings trend and expect it to continue, pushing the S&P 500 even higher by year end. For that reason, the best stocks to buy now focus on large- and mid-cap companies with impressive earnings outlooks.　　9 Top Stocks To Buy Now For August 2026　　To identify investable companies expected to deliver solid earnings growth, I screened U.S.-traded stocks on:Expected 2026 EPS growth of 30% or more. EPS growth for this year is the primary qualifier for this list.Expected EPS growth over the next three years of 20% or more.Adding a lengthier EPS growth outlook threshold helps screen out companies that

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.　　You Might Also Like　　Markus once revealed selling all of his crypto in “one clip”; this included

07-21Industry

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