Crypto & forex expert with 7+ years experience, MSc in Info Systems, advisor at Iktifa, and content creator with 350K+ followers in the Arabic-speaking world.
Bitcoin’s current 53% drop marks its shallowest bear market decline ever, compared to previous cycles where BTC suffered much deeper crashes of 77%–93%.
🇺🇸 GOP Races to Pass CLARITY Act Before August Recess
Republican lawmakers are accelerating efforts to pass the CLARITY Act, with Congress having just 20 working days after the Senate returns on July 13 to approve the bill and send it back to the House before the August recess.
Why it matters: Passage of the bill could mark a major step toward establishing a clearer regulatory framework for the U.S. crypto industry.
📉 Bitcoin Short-Term Holder Momentum Continues to Weaken
CryptoQuant data shows the STH Realized Price YoY Momentum has fallen to -24%, signaling continued weakness among short-term Bitcoin holders, though the decline remains less severe than in previous major bear markets.
Cardano ecosystem project SecondFi has suffered a serious security breach after a wallet generation flaw allowed attackers to access and drain user funds.
According to SlowMist, losses may exceed $20M, involving more than 129M ADA and other tokens.
⚠️ Users are advised to move their assets to a new wallet immediately.
US BANKS’ UNREALIZED LOSSES RISE AGAIN TO $325 BILLION 📉🏦
US banks are now holding $325.1 billion in unrealized losses, increasing by $19 billion from the previous quarter, according to FDIC data.
This marks the first rise since 2024, ending four consecutive quarters of recovery after the banking crisis.
Back in 2023, during the peak of the crisis that saw the collapse of SVB, Signature Bank, and First Republic, unrealized losses surpassed $684 billion.
🚨 66% of 2026 has seen negative performance for Bitcoin ETFs, with $4.69B in net outflows recorded over the last two months alone. Investors continue to monitor ETF flows as market sentiment remains under pressure.
$165B IN FORCED SELLING COULD HIT US MARKETS BY JUNE 30
JPMorgan estimates that pension funds and sovereign wealth funds may sell around $165 billion in equities by June 30, marking one of the largest quarter-end rebalancing events on record.
However, similar concerns in 2023, 2024, and 2025 were followed by new market highs, as corporate buybacks and retail investor demand absorbed the selling pressure.
🇺🇸 JUST IN: The SEC and CFTC have issued a joint request for public comment to clarify and harmonize derivatives product definitions and jurisdictional frameworks.
🚨 U.S. Congress has officially blocked the Federal Reserve from issuing a Central Bank Digital Currency (CBDC) until 2030.
The Senate approved the CBDC ban with an overwhelming 89-10 vote, preventing the launch of a government-backed digital dollar for at least the next four years.
As a result, stablecoins like $USDC and $USDT will face no direct competition from a U.S. government digital dollar in the near term.
🚨 Michael Saylor unveils the “Digital Asset Stack” framework.
According to Saylor, Bitcoin ($BTC) serves as the foundation of digital capital, while layers such as credit, money, yield, and equity are built on top of it to expand Bitcoin’s role across the global financial system.
📈 The vision positions Bitcoin as the core asset powering a new generation of financial products and services.
⛽ U.S. gas prices have fallen below $4 per gallon for the first time since April, with the national average dropping to $3.997 per gallon following the announcement of a U.S.-Iran memorandum of understanding.
Despite the decline, gasoline prices remain roughly $1 per gallon higher than levels seen before the U.S. strike on Iran in February.
🇺🇸 The U.S. dollar has lost nearly 30% of its purchasing power over the past six years, highlighting the growing impact of inflation on everyday Americans.
As prices continue to rise across the economy, many households report worsening financial conditions, while real disposable income has increased by just 0.4% year-over-year.
Starting January 1, 2026, Italy increased its crypto capital gains tax from 26% to 33%. The previous €2,000 tax-free threshold has also been removed, meaning all crypto gains are now taxable regardless of size.
🚨 Largest USDC Transfer Ever Recorded 📊 Circle has transferred 4.397 billion USDC to Coinbase via HyperEVM, marking the largest single USDC transfer ever recorded on-chain, according to Arkham data. 💰 The move is believed to be connected to Coinbase’s appointment as the official treasury manager for Hyperliquid’s USDC reserves.