Trump personally took the stage and pushed for the rollout of the Clarity Act: Today, Trump convened top crypto companies including Coinbase, Ripple, and Chainlink, along with senior officials from the SEC and CFTC, to urge Congress to pass the **Fair version of the Clarity Act**. The goal is to finalize the SEC and CFTC’s regulatory jurisdictions, retain domestic crypto innovation companies, and prevent the industry from moving overseas. The bill will return for a vote in the Senate in September; it currently still needs a small number of Democratic votes to pass. Meanwhile, the White House continues to advance a series of crypto policies, including strategic Bitcoin reserves and a ban on CBDC.

Trump stated: pushing for Hyperliquid’s compliance to enter the US. The US side confirmed that the SEC is working to implement Hyperliquid’s compliance for the US market. If it goes smoothly, it will become a landmark case for bringing an on-chain decentralized derivatives platform into compliance in the US, opening a pathway for overseas DEXs to enter the mainstream US market.

U.S. announces plan to build a large-scale crypto reserve: Trump publicly confirmed that the government has discussed plans to establish a **large-scale Bitcoin and crypto asset reserve**. It is currently in the research stage; although no details have been disclosed, officials have made clear their intention to continue accumulating digital assets.

OCC locks in stablecoin rule rollout timeline: The U.S. Office of the Comptroller of the Currency (OCC) confirmed that in November it will publish the final details of the GENIUS stablecoin framework. Starting in 2027, applications for stablecoin issuance licenses will be officially accepted, and the U.S. stablecoin compliance framework is about to be fully implemented.

Banking association signals support for the bill—tightening only stablecoin rewards: The American Bankers Association supports the Clarity Act, but calls for stricter terms on stablecoin interest rewards to prevent banks’ deposits from being diverted in disguise and to avoid impacting the credit system, paving the way for amended voting terms in September.

CFTC kicks off regulatory groundwork for compute power derivatives: The U.S. CFTC is seeking public comments for the first time on **AI compute power derivatives**. It plans to build regulatory rules for compute futures and spot markets. The official statement is direct: compute power is the core of the AI race. The U.S. needs to seize the leading role in commodity pricing and rule-setting in the intelligent economic era.

BTC breaks $69,000—two-month high with broad-based gains: Driven by favorable U.S. crypto policy signals plus expanded liquidity in U.S. Treasuries, Bitcoin surged to $69.9k, marking a two-month high. Ethereum jumped nearly 19% to hold above $2,200. Mainstream coins such as SOL and XRP rose in tandem, and crypto-related stocks all strengthened collectively.

Billion-dollar BTC short whale fully liquidated and exits: The BTC short whale, which had been continuously rolling positions with holdings of $117 million, was fully liquidated today. The final loss was $2.92 million, and the short-side selling pressure was released significantly.

Institutional holdings and on-chain issuance: Japanese listed company Remixpoint increased its BTC holdings, bringing total holdings to over 1,501 coins. Circle issued an additional $250 million USDC on the Solana chain to replenish market liquidity.

Ethena rolls out $1 billion institutional credit partnership: Ethena and FalconX have reached a $1 billion credit partnership. By bringing USDe collateral assets into the institutional credit market, they broaden stablecoin yield channels.

FLOP new coin progress revealed: Arthur Hayes said that FLOP tokenomics will be announced next week. The project focuses on an AI agent ecosystem circulation token, with zero VC and zero pre-sale, and is expected to launch on the mainnet in 2027 for the genesis block.

OpenAI confirms IPO timing: OpenAI CFO announced that the company expects to go public in **2027**. If performance exceeds expectations, it may list earlier. The company currently has sufficient funding reserves at the billion-level.

International banks complete SWIFT blockchain cross-border transactions: Standard Chartered and HSBC teamed up to complete the first SWIFT on-chain real-time cross-border settlement. They connected different banks’ tokenized deposit systems, enabling around-the-clock efficient cross-border payments while retaining traditional compliance and risk controls.

U.S. Treasury bonds formally break through $40 trillion: The size of U.S. Treasuries has officially surpassed the $40 trillion mark. The 10-year issuance size has doubled, and the debt growth rate has hit the fastest in history outside of the post-pandemic period, increasing market concerns about fiscal risks.

Federal Reserve minutes: No voices calling for rate cuts, some officials support hikes. The July meeting minutes showed that none of the attendees advocated for cutting rates. Most officials kept rates unchanged, but a number of officials believed inflation risks had not been resolved and left open the possibility of further rate hikes. Meanwhile, the Federal Reserve is considering reducing the number of annual policy meetings from 8 to 6.

Trump publicly pressures the Federal Reserve to cut rates: Trump again called for a rate cut, saying that every 1 percentage point reduction could lower U.S. costs by $600 billion. He criticized the current high-interest-rate system as unreasonable.

Interest-rate probability mostly stable: Market pricing shows a 67.3% probability that the Federal Reserve will keep rates unchanged in September. Expectations for near-term rate hikes or cuts are relatively cautious.

U.S. imposes the toughest economic sanctions on Iran in history: Trump announced top-tier economic sanctions on Iran, fully blocking all channels such as oil smuggling, fund transfers, and shell-company trades. He also banned global entities from assisting Iran’s economic activities. Previously, Iran warned that an escalation would target European U.S. military objectives and cut the fiber-optic cables through the Strait of Hormuz, with regional risk remaining at a high level.

Disclaimer: The information in this article is for reference only and does not constitute any investment advice. Investors should consider cryptocurrency investments rationally based on their own risk tolerance and investment goals, and should not blindly follow the crowd.