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Bitcoin threatens $62K in risk-asset rout as Donald Trump says US will ‘run’ closed Hormuz Strait

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Bitcoin bulls faced an uphill struggle to preserve $62,000 as stocks opened down on Strait of Hormuz rhetoric between the US and Iran.

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Three US senators oppose CLARITY Act on ethics grounds with vote expected soon

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Senate Majority Leader John Thune reportedly said the chamber will consider a vote on the crypto market structure bill before Aug. 10, though it’s unclear whether it has enough Democratic support to pass.

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Coin Market

US, UK treasuries to align transatlantic rules on tokenization and stablecoins

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The two governments issued recommendations on the treatment of digital assets as the US prepares to implement a 2025 law on payment stablecoins.

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Coin Market

Velocity raises $38M to build stablecoin treasury infrastructure for enterprises

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Backed by Dragonfly, FirstMark and Coinbase Ventures, the startup is expanding software that helps businesses integrate stablecoins into treasury and payment workflows.

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