ATTENTION: THE LAW THAT COULD TRIGGER THE NEXT CRYPTO WAVE #CRIPTO STILL HAS NO VOTING DATE AND THE CLOCK IS TICKING (AUGUST 7, KEY DATE) Where does the Clarity Act stand, and why are the coming weeks decisive? The first update: it wasn’t signed on July 4, as the White House had expected. It’s still stuck, waiting its turn in the Senate. And now there’s a key date: August 7. It’s the Senate’s last day of session before the August recess and the election campaign. If it doesn’t happen before then, the risk is that it will be pushed to 2027 or later. And the odds reflect that: the probability of approval this year has fallen to around 44%, down from 74% just two months ago. Optimism is cooling off.▶️
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💥Massive OUTGOING flows of cryptocurrencies were recorded on Binance.
▪️$1.23 BILLION in net outflows were recorded during the past week. ▪️CryptoQuant indicated that ETH withdrawal transactions reached 166,000 in a single day, the HIGHEST number since March 2023.
🚀This is a sign that it is being interpreted as ACCUMULATION by INVESTORS.
In general, there is still no clear reversal in the trend of spot outflows of BTC ETFs. Although there was a capital inflow last week, it remains an isolated occurrence after a prolonged period of outflows.