Russia is about to adopt a major crypto law. The reform includes licenses, investment caps, and an unprecedented framework.
A few billion dollars were enough to reshuffle the cards of the crypto market. Between July 13 and 17, institutional investors gave momentum back to assets thanks to a marked inflow of capital into US spot ETFs. This return of buyers allowed bitcoin and Ether to close the week in the green, after several sessions marked by uncertainty. A dynamic that once again highlights BlackRock's weight, which has become an essential player in directing flows towards cryptocurrencies.
The debate around the digital assets market intensifies once again in the US Senate. While legislators continue discussions on the CLARITY Act, negotiations remain marked by several sensitive points, including investor protection and ethical issues. Behind this text, considered one of the most important legislative projects for the cryptocurrency industry, Democrats and Republicans are still trying to find common ground. The latest closed-door exchanges nevertheless illustrate divergences that could still influence its adoption.
The World Cup final delivered its verdict on the field. On prediction markets, it marked the end of a speculative frenzy worth several billion dollars. After Spain's victory over Argentina (1-0), the combined open interest of Kalshi and Polymarket fell by nearly 20% from its peak of about 2 billion dollars reached in early July. This sharp decline reveals the dependence of prediction platforms on major media events and reignites the debate about their ability to maintain user engagement outside global events.
Bitget is strengthening its developer infrastructure through a new Siebly.io SDK integration. The collaboration gives algorithmic traders faster access to Bitget’s spot, futures, copy trading and market data systems. It also supports the exchange’s wider Universal Exchange strategy, where trading tools must work across more assets, more accounts and more execution styles.
The American spot Bitcoin ETFs have just recorded five consecutive days of inflows, a first since April. In five sessions, nearly 727 million dollars returned to these products. The signal comes at a good time for bitcoin, still stuck in a fragile zone after weeks of outflows and macro uncertainty.
The White House has approved an ethics component of the CLARITY Act and sent the text to Republican senators, removing the last major obstacle before a floor vote. Donald Trump personally gave his approval, rekindling hopes of adoption before the Senate's summer recess.
Russia's Duma approves a revolutionary crypto law. This text has the potential to alter the economic landscape by facilitating foreign trade and enforcing strict regulations. Does it, however, conceal a plan to get around sanctions?
As I indicated in my analysis last week, if Bitcoin managed to close above our daily resistance zone, the next target would be between 68,000 and 70,000 dollars. Today, that is exactly what we are seeing. The price now moves above this resistance with a return of buying pressure. It is a first positive signal, but it is still too early to talk about a real trend change.
Ethereum has just regained a level of dominance it had not reached for months. By crossing the 10% threshold of the total market capitalization again, the second largest global crypto records a surge that exceeds that of the ten largest assets over a week. This comeback reignites speculations about a new bullish phase, especially since no major event seems, at first glance, to explain such a movement.