The Digital Asset Market Clarity Act has survived, barely, after missing the Senate's August window, but will get another shot in September. Meanwhile, Strategy sold 1,690 bitcoin, raising $653 million, while whales accumulated and hedge funds became more bullish.
Regulatory Update
The Securities and Exchange Commission is delaying a planned 'innovation exemption' for tokenized securities after concerns from the White House and Wall Street.
Institutional Investment
Fidelity moved to add staking and quarterly payouts to its nearly $900 million ether ETF, while Goldman Sachs agreed to buy NEOS for $2.25 billion. Mastercard completed its $1.8 billion acquisition of BVNK, showing intense competition between traditional payments companies and crypto firms.
Market Trends
Bitcoin's 'strongest hands' were accumulating, with the number of wallets holding more than 10,000 BTC reaching a six-month high. Hedge funds shifted toward a net-long position, while public bitcoin miners added about $1.78 billion of selling pressure.
