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Bitcoin Magazine Banking Lobby CEO Talks Crypto Clarity Act as Senators Race To Pass Bill The CEO of the American Bankers Association, Rob Nichols, has said that the banking lobby wants the Clarity Act to succeed — but small edits to the bill still need to be made. Speaking on CNBC’s Squawk Box show Wednesday, Nichols said that while there is a “lot of good” in the Clarity Act, the issue around stablecoins and local lending needs to be fixed. JUST IN: American Bankers Association CEO tells CNBC "There's a lot of good in the Clarity Act" "I do think that the crypto and the banking sectors can coexist. I think we can be the crypto capital of the world." "We're working with the Senators" on this bill. pic.twitter.com/3SldlEBEOS — Bitcoin Magazine (@BitcoinMagazine) July 29, 2026 A number of lawmakers are hoping the Clarity Act — which would set in stone crypto regulation in the U.S. — gets passed before Congress departs for August recess. But a sticking point of the bill has been related to concerns banking chiefs have over stablecoin yield. “The bill is about 600 pages and there’s only two paragraphs where we’re suggesting tiny surgical edits,” said Nichols. “I do think that the crypto and the banking sectors can coexist. I think we can be the crypto capital of the world and I think we can be the banking capital of the world.” The bill was passed last year by the House of Representatives but has been in deadlock after banking chiefs raised concerns over stablecoins and the yield they would potentially pay customers. America’s biggest crypto exchange, Coinbase, pulled support for the bill in January after clashing with banking chiefs who said that earning yield on stablecoins should be banned. U.S. banks have said they could lose customers if crypto exchanges offer more attractive products for their deposit base. Coinbase’s Chief Policy Officer, Faryar Shirzad, this week shrugged off the concerns that the banking lobby has, claiming that top lenders are already adopting crypto technology. Top U.S. banks — including JP Morgan and Bank of America — have expressed interest or already started debuting stablecoin products, which run on blockchain technology. A new draft circulating last week bans officials and their families from issuing or promoting crypto — something opposition lawmakers previously had issue with. GOP lawmakers are pushing Democrats to pass the bill. Bipartisan support for the bill exists though some lawmakers — such as senator Elizabeth Warren — have criticized the draft, claiming it would allow President Donald Trump to make money from crypto, as well as benefit criminals. Major institutions, including Fidelity and Goldman Sachs, as well as crypto lobby groups and politicians, have said the revised bill works in its current format. This post Banking Lobby CEO Talks Crypto Clarity Act as Senators Race To Pass Bill first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Crypto Giant DCG Warns Senate: Pass Clarity Act or Lose Ground to Singapore, UAE Crypto investment firm Digital Currency Group is the latest big name to throw its weight behind the Clarity Act. In a statement posted Wednesday, the conglomerate said that the current draft of the long-awaited bill “offers exactly the kind of certainty our industry needs to grow and thrive responsibly.” A number of lawmakers are hoping the Clarity Act — which would set in stone crypto regulation in the U.S. — gets passed before Congress departs for August recess. While the bill has been drafted bipartisanly, some Democrats are unhappy with the current version. “The bill is the product of serious negotiation and reflects genuine compromise from industry, advocates, and members on both sides of the aisle,” the statement read. “The competitive stakes could not be higher. The United States has long been the global center of technological innovation, but we are ceding ground at an alarming pace,” it continued, adding that “talent, capital, and innovative companies” are looking to countries like Singapore and the United Arab Emirates to set up shop. Crypto giant DCG has over 200 companies in its portfolio, most notably Grayscale, the manager of the Grayscale Bitcoin Trust. Lawmakers have been working on the Clarity Act since last year. Republicans passed the bill in 2025 but it has been in a deadlock this year, partially because banking chiefs raised concerns over stablecoin yield. A new draft circulating last week bans officials and their families from issuing or promoting crypto — something opposition lawmakers previously had issue with. GOP lawmakers are pushing Democrats to pass the bill. Bipartisan support for the bill exists though some lawmakers — such as senator Elizabeth Warren — have criticized the draft, claiming it would allow President Donald Trump to make money from crypto, as well as benefit criminals. A group of Democrats last week penned a statement claiming the bill in its current form falls short. Major institutions, including Fidelity and Goldman Sachs, as well as crypto lobby groups and politicians, have said the revised bill works in its current format. This post Crypto Giant DCG Warns Senate: Pass Clarity Act or Lose Ground to Singapore, UAE first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine SEC Chairman Says He’s ‘Committed’ to Helping Advance Crypto Clarity Act Securities and Exchange Commission Chairman Paul Atkins has thrown support behind the long-awaited crypto market structure bill. Writing on X Tuesday, the chief of Wall Street’s biggest regulator said that he was “committed to supporting Congress in advancing” the bill. A number of lawmakers are hoping the Clarity Act gets passed before Congress departs for August recess. While the bill has been drafted bipartisanly, some Democrats are unhappy with the current version. JUST IN: SEC Chair Paul Atkins says he will support Congress in passing the Clarity Act: “I am committed to supporting Congress in advancing the CLARITY Act, including providing technical assistance.” pic.twitter.com/wRRbnY9vXu — Bitcoin Magazine (@BitcoinMagazine) July 28, 2026 “American leadership in the digital finance revolution means matching the energy of American innovators with a regulatory framework worthy of them,” wrote Atkins on the social media platform, adding a video from a Monday CNBC interview where he spoke about the need for such a bill. Chosen by President Trump, Atkins was officially sworn in as the 34th Chairman of the SEC last year. He has taken a far more crypto-friendly approach to regulating the space compared to his predecessor, Gary Gensler. The regulator is the latest big name to push for the Clarity Act to get over the line. Major financial institutions like Fidelity and Goldman Sachs have thrown their weight behind the new bill, but a group of Democrats last week said in a statement that the bill in its current form falls short. A number of lawmakers are hoping the bill gets passed before Congress departs for August recess. Despite being passed in the house of representatives last year with strong bipartisan support, the Clarity Act has been in a deadlock for much of 2026, partially because big bankers raised concerns over stablecoin yield among Democrat concerns around ethics language. Banking lobbyists have said that if crypto exchanges pay attractive yields to customers, banks could lose their deposit base. An updated bill of the Clarity Act was introduced last week that addressed the ethics concerns, banning government officials and their families from issuing or promoting crypto. Republicans are hoping to gain bipartisan support for the bill this week to advance the legislation. If passed, the long-awaited bill would create a regulatory framework for the cryptocurrency market. This post SEC Chairman Says He’s ‘Committed’ to Helping Advance Crypto Clarity Act first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Dubai-Based Emirates Airline Adds Bitcoin and Crypto Payments People can now pay with Bitcoin to buy flights from Dubai-based airline Emirates. Working with Crypto.com, Emirates said Tuesday the customers now have the option to book flights using the crypto exchange’s payment feature. Crypto.com and Emirates last year announced they would work together. Emirates’ Deputy President and Chief Commercial Officer Adnan Kazim said the move “reflects the rapidly evolving preferences of a younger, digitally fluent generation who manage their money and plan their journeys primarily from their phones and they expect the airlines they fly with to keep pace.” Emirates first teased plans back in 2022 to implement Bitcoin payments; the latest move allows Crypto.com customers to use any digital assets to make payments. Under the new setup, travelers with a Crypto.com account can select Crypto.com Pay at checkout when booking on emirates.com or through the Emirates App. The option is limited for now to eligible UAE residents making bookings priced and settled in Emirati Dirham. The integration runs through Crypto.com’s Dubai-licensed entity, which the company says was the first virtual asset service provider to receive a Stored Value Facilities license from the Central Bank of the UAE. The launch also feeds into wider government targets. It supports Dubai’s Cashless Strategy, part of the D33 Economic Agenda, which is aiming to make 90% of transactions across the emirate’s government and private sectors digital by the end of 2026. It follows on from an earlier Emirates partnership with Dubai Finance to advance digital payments, and comes after Crypto.com struck its own deal with Dubai Finance to accept digital payments for government services. This post Dubai-Based Emirates Airline Adds Bitcoin and Crypto Payments first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Bitcoin Dips As Crypto Clarity Act Hopes Fade Bitcoin’s price slid further on Tuesday as investors weighed up the chances of lawmakers voting on the long-awaited crypto Clarity Act. The price of Bitcoin was recently $63,634 after sliding 2% over a 24-hour period. The cryptocurrency dropped as low as $62,784 at one point. Market observers now give the Clarity Act a 35% chance of getting signed into law this year on crypto betting platform Polymarket. While major financial institutions like Fidelity and Goldman Sachs have thrown their weight behind the new bill, some Democrats are still unhappy with it in its current form. A group of Democrats last week said in a statement that the bill in its current form falls short. A number of lawmakers are hoping the bill gets passed before Congress departs for August recess. U.S. lawmakers have an action packed week of voting before its five-week recess, including sweeping Russian energy sanctions. JUST IN: Sen. Mike Haridopolos talks CLARITY ACT on FOX "The Clarity Act helps grow the American economy…CLARITY will allow us to make sure that we are the center of the action on digital assets, blockchain, and the internet in general." pic.twitter.com/x4NtD6sTx6 — Bitcoin Magazine (@BitcoinMagazine) July 28, 2026 Despite being passed in the house of representatives last year with strong bipartisan support, the Clarity Act has been in a deadlock for much of 2026, partially because big bankers raised concerns over stablecoin yield among Democrat concerns around ethics language. Banking lobbyists have said that if crypto exchanges pay attractive yields to customers, banks could lose their deposit base. An updated bill of the Clarity Act was introduced last week that addressed the ethics concerns, banning government officials and their families from issuing or promoting crypto. Republicans are hoping to gain bipartisan support for the bill this week to advance the legislation. If passed, the long-awaited bill would create a regulatory framework for the cryptocurrency market. This post Bitcoin Dips As Crypto Clarity Act Hopes Fade first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine I Scanned the Entire Bitcoin Blockchain for Images. What I Found Will Shock You I scanned the Bitcoin blockchain for images; what I found will shock you. Much has been said online about the arbitrary data and content that can be found on the Bitcoin blockchain. Not only has this possibility spawned a niche art scene, but it has also led to a movement against ‘non-monetary transactions’ on the Bitcoin network. Were you to hear from one of its proponents or detractors, you’d figure the blockchain is basically a wall filled with graffiti. Well, I decided to put the question to the test: are there actually images on the blockchain? And what does this actually mean for Bitcoiners simply trying to run their own full node and maximize their financial sovereignty? My methodology was simple: I was to buy a fresh hard drive to store the blockchain on, and then I was going to run classic image recovery software over the data- something used to rescue images from broken hard drives, something designed to find raw image data. I chose PhotoRec to do the image recovery work, an open source image recovery program that’s been around for over 20 years. The software is designed to find image files in raw data. This can be used to recover images and other file formats from hard drives that have failed or been corrupted. It is actually often used to recover lost wallet.dat files from the early days of Bitcoin wallets, before the proliferation of the seed word format. Syncing The Full Bitcoin Node For storage of the full Bitcoin blockchain, I decided to buy a 4-terabyte disk drive for a couple hundred dollars. I then installed the latest version of Bitcoin Core on it and started to sync the chain. The process, which involves downloading and verifying the accounting integrity of all transactions in Bitcoin history, took about 72 hours or three days, automated and running in the background by the Bitcoin Core software. I did this with an otherwise powerful gaming machine; the main bottleneck in terms of time was the disk drive, which is slow to read and write data as needed when syncing Bitcoin’s blockchain. The slow part of the process involves the unspent transaction output set, or UTXO. When a user syncs the blockchain, every unspent transaction value (output) or positive balance is organized into the UTXO set, and as those values are spent, they are removed from the set, while the new address to which those satoshi were sent is added. On the disk drive, this UTXO indexing process could have taken three weeks according to some estimates, so to speed it up, my clanker (AI agent) suggested we index the data in RAM instead, then move the data back to the 4-terabyte disk drive. While the whole process took three days, running in the background, an SSD could have done the whole job in about a day. SSD drives are much faster than disk drives; they are more modern, but they are also easily four times the price, or more. Once the blockchain was fully downloaded and validated, we moved the UTXO index from RAM back to the disk and booted the Bitcoin software; the chain was fully synced and the wallet ready to go. Now it was time for the next step: recovering the images stored on the blockchain. Image Recovery on the Blockchain with PhotoRec With the full Bitcoin blockchain on my disk drive, I turned off Bitcoin Core and asked my clanker (Cursor AI agent) to run PhotoRec 7.2 on the drive. The default PhotoRec process looks for jpg, png, gif, tif, bmp, ico, psd, and raw formats. The process ran for over 11 hours on the blockchain data and ultimately found … (drum roll) … nothing. Over a terabyte of blockchain data and half a day of scanning and no images turned up. The PhotoRec wiki page gives a simple example of how the software works: “PhotoRec identifies a JPEG file when a block begins with: 0xff, 0xd8, 0xff, 0xe0, 0xff, 0xd8, 0xff, 0xe1, or 0xff, 0xd8, 0xff, 0xfe.” In other words, the program looks at the data on the disk for bytes that signal that there’s an image file. The program is capable of false positives; it saved 8 ICOs and 4 identical PNG files that don’t show any images when opened, as seen in the picture below. So, effectively no meaningful images of any kind were found. Where Did the Jpegs Go? XOR Magic Tricks How is this possible? For years, crypto people have been talking about NFTs and how to engrave image data on the Bitcoin blockchain. Millions of dollars have moved in this niche, and a whole culture war is being fought on the matter as we speak. Can there really be no images on the chain? Turns out the risks involved with arbitrary data have been discussed and planned for in Bitcoin Core development circles for a long time, as early as 2011. XOR, a simple data obfuscation technique, is used to scramble all the blockchain data while it is at rest on a hard drive. You might have heard that the fundamental language of computers is made up of 0’s and 1’s. Well, in a nutshell, XOR compares two digits or bits and returns 1 if the bits are different or 0 if the bits are the same. In the case of Bitcoin, XOR compares every bit of the blockchain data to a random key generated during initial install, resulting in data at rest that other programs can find no meaning in. However, when the Bitcoin software runs, it has the key to unscramble that data and use it at will. XOR is also very fast, so it does not meaningfully impact performance. Here’s an example of the Bitcoin genesis block before and after an XOR. XOR is currently applied to both the blockchain data and the UTXO set. XOR was initially discussed in 2014 when anti-virus software started getting tripped up by blockchain data it interpreted as virus code. The anti-virus software would then quarantine a block, corrupting the blockchain data and crashing Bitcoin, making sync impossible. By the end of 2015, XOR had been implemented on the UTXO set data at rest and in 2024 it was implemented on all blockchain data at rest. Incidentally, the XOR process means that no arbitrary data can be identified or extracted from the blockchain without intentionally bypassing the XOR, a process that is not necessary for monetary use of Bitcoin. Since the Bitcoin Core software keeps a simple database of the location of each scrambled block, it can get its data, unscramble it and use it in a targeted manner easily. Syncing Bitcoin in an unscrambled way is a custom process that can take as much time as syncing from scratch, since it basically has to re-write the full terabyte of data in a new order, and there’s not much point in that for someone that just wants the normal privacy and security benefits of running a Bitcoin node. So when it comes to the vast majority of copies of the Bitcoin blockchain data, resting on the computers of normal Bitcoiners throughout the world, there’s effectively no arbitrary data or images that can be identified. Shocking, I know. Feel free to run the PhotoRec test yourself on your own node! This post I Scanned the Entire Bitcoin Blockchain for Images. What I Found Will Shock You first appeared on Bitcoin Magazine and is written by Juan Galt. Переглянути повний текст

Bitcoin Magazine Quick Maths On STRC Buybacks: The Truth About Net Bitcoin Per Share and Accretion Strategy initiated open-market repurchases of STRC last week (July 20 through July 26, 2026), buying 288,930 shares for ~$25 million at an average price of $86.52. Notably, the company bought no Bitcoin and continued to grow its cash reserve. So what is going on here? Why is the largest Bitcoin treasury company buying back its credit? Context In June 2026, STRC fell far below the $100 stated amount. Check out these two articles for some in depth analysis about what exactly happened: Crash Post Mortem – What Happened to STRC in June 2026 The Sixth Lever Last week’s STRC buyback follows Strategy’s Digital Credit Capital Framework, announced on June 29 in response to the June volatility, which authorized up to $1 billion of repurchases across STRC, STRF, STRD, and STRK. Likely because STRC is now viewed as Strategy’s flagship product, STRC was identified as the initial priority for these buybacks. Buyback logic starts with the position of MSTR common stock in the capital structure. Common equity owns the residual value after every senior claim has been satisfied. Strategy’s BTC and cash are its liquid assets. Debt and preferred stock sit ahead of MSTR. Strategy’s USD Reserve (read: cash) offset part of those senior claims. The common stock therefore represents the value left after subtracting debt and preferred stock from the bitcoin reserve and adding back available cash. This is effectively Strategy’s recently introduced “Net Bitcoin Per Share” metric. Strategy’s current methodology calculates Net BTC by taking bitcoin holdings and subtracting the bitcoin-equivalent value of out-of-the-money convertible debt, other debt-like instruments, and outstanding perpetual preferred stock, then adding back the USD Reserve. Notice that this is exactly the same description as the prior paragraph! Net BTC is divided by fully diluted common shares to produce Net BPS. Strategy’s disclosures mark July 23 as the boundary for its revised mNAV methodology, which uses Net BPS as its denominator. This metric gives MSTR investors a direct view of BTC economically attributable to common equity after senior claims. Gross Bitcoin Per Share can rise when Strategy issues more preferred stock or debt to buy bitcoin. Net Bitcoin Per Share captures the liability created alongside that bitcoin purchase, answering the question of how much bitcoin remains for common shareholders after the more senior investors in the capital structure are paid. Therefore, Net BPS provides a framework for measuring the accretive or dilutive effect of capital markets transactions on MSTR. Think of it as another new metric that investors may evaluate along with the existing metrics already being used. Ok, but why STRC buybacks? The answer is that retiring liabilities at below their notional values is accretive on a net BTC basis. Let’s consider a simple balance sheet with easy numbers to understand the basic mechanics. Assume a company owns $100 million of BTC and carries $50 million of senior liabilities. Common equity is therefore a $50 million residual claim: $100 million assets – $50 million liabilities = $50 million equity Now assume the company can retire those $50 million of liabilities for $40 million. It uses $40 million of its assets, leaving $60 million of assets and zero remaining liabilities. The common equity residual rises from $50 million to $60 million. $60 million assets – $0 liabilities = $60 million equity The equity claim went from $50 million to $60 million. So spending $40 million to eliminate a $50 million claim creates $10 million of value for the residual owner (the common equity investor). The STRC repurchase follows the same structure. Strategy paid an average of $86.52 to retire a security with a $100 stated amount. Each repurchased share removed $100 from the preferred stock claim used in the company’s Net BTC calculation while consuming only $86.52 of capital. The $13.48 spread creates gross accretion to MSTR. Strategy retired $28.893 million of STRC stated amount for about $24.998 million based on the reported average price. The difference equals approximately $3.895 million, and this value accrues to MSTR. (It’s worth mentioning that also related to this is STRC’s current 12% annualized dividend rate. Retiring $28.893 million of STRC stated amount also removes roughly $3.47 million of annual dividend requirements. Also consider that since STRC is still well below $100, the company likely will raise the dividend, meaning the actual annual dividend expense removed is likely higher.) Conclusion Net BTC identifies the residual BTC owned by the common stock by considering all the senior liabilities which sit ahead. The STRC buyback is a move of financial engineering to improve the Net BTC per share metric of the company. Disclaimer: This content was prepared on behalf of Bitcoin For Corporations for informational purposes only. It reflects the author’s own analysis and opinion and should not be relied upon as investment advice. Nothing in this article constitutes an offer, invitation, or solicitation to purchase, sell, or subscribe for any security or financial product. This post Quick Maths On STRC Buybacks: The Truth About Net Bitcoin Per Share and Accretion first appeared on Bitcoin Magazine and is written by Allard Peng. Переглянути повний текст

Bitcoin Magazine Core Scientific Adds More Bitcoin To Balance Sheet in Q2 Despite Selling Strategy Nasdaq-listed miner Core Scientific is rebuilding its Bitcoin treasury after seeing its balance sheet shrink at the start of this year. In a regulatory filing Tuesday, the miner said it had a total of 848 Bitcoins — worth over $54 million at today’s prices — after finishing the first quarter of this year with 547 Bitcoins. Core Scientific finished 2025 with 2,537 but started aggressively selling coins to fund its transition to the AI and high-powered computing industry. But the miner has started stacking Bitcoin again, using coins from mining, in order to have a strong balance sheet. It added 301 coins this quarter alone. Selling Bitcoins can reduce reliance on equity issuance or additional borrowing, especially in a higher-interest rate environment. It also gives a company more cash on hand. Core Scientific shares (CORZ) were trading about 2% lower Tuesday afternoon in New York. The company, which operates data centers across Alabama, Georgia, Kentucky, North Carolina, North Dakota, Oklahoma, and Texas, added that its revenue in the second quarter of this year rose sharply to $164.2 million from $78.6 million in Q2 2025. Gross profit rose to $70 million from $5 million in the same period as the year before. Core Scientific is one of a number of top publicly listed miners that have started directing resources to providing the infrastructure for high-powered computing. On Tuesday, the miner signed a deal with chipmaker AMD for 2.5 gigawatts ‌of data center capacity. The deal will give ​AMD access to more than 500 megawatts of Core Scientific’s AI-ready ‌data ⁠center capacity. A number of Bitcoin miners have already gone all-in on the industry as minting the biggest digital coin by market cap becomes harder and demand for AI compute surges. Instead of dropping mining operations completely, a number of Bitcoin miners have instead marketed themselves as “compute” or “digital infrastructure” companies while switching between minting digital coins and providing compute for AI — depending on which is more profitable. Branching out into AI data centers isn’t always easy for miners as the world of HPC requires more expertise with heating, ventilation and air conditioning systems than those for Bitcoin mining. This post Core Scientific Adds More Bitcoin To Balance Sheet in Q2 Despite Selling Strategy first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Bank of Russia Creates New Rules For Crypto Trading Russia’s central bank on Monday published draft regulations for the trading of digital currencies. The Bank of Russia released the changes to its “organized trading” rules, including the term “digital currency” throughout. The new rules are for organizations like crypto exchanges, which now have to report digital assets into their existing systems for pricing, monitoring and reporting — using the same processes they already run for regular currencies and securities. NEW: Bank of Russia says it has drafted "first regulations to launch cryptocurrency market in Russia." "The Bank of Russia has created conditions for organised trading in digital currencies and digital rights." pic.twitter.com/vrj0Qgo7A9 — Bitcoin Magazine (@BitcoinMagazine) July 28, 2026 Russia’s central bank is implementing the new rules as the State Duma prepares comprehensive regulation of crypto. Pro-Bitcoin Russia? While the new rules don’t specifically mention Bitcoin, Russia has a complex relationship with the leading cryptocurrency. Using crypto has been illegal in Russia as a form of payment since 2022 but lawmakers in the country have been open about using them for international settlements. President Vladimir Putin has also spoken about how the country has “competitive advantages” when it comes to Bitcoin mining due to the abundance of cheap energy in Russia. And back in 2023, the Russian legislature passed a bill legalizing the use of digital currency as a way to make international payments. The bill likely has helped the country skirt international sanctions: The U.S. and European governments sanctioned Russia when it annexed Crimea in 2014, and Western nations have stepped up penalties since it invaded Ukraine in 2022. President Putin even hinted that the country had been using Bitcoin specifically: While speaking at a forum in Moscow in December 2024, he said that new technologies were emerging that could help people move money. “For example, Bitcoin, who can ban it? Nobody,” he said at the time. This post Bank of Russia Creates New Rules For Crypto Trading first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Hyperscale Ups Bitcoin Stash, Bridging Holdings to Over 1,106 Coins Hyperscale Data, Inc. announced another Bitcoin buy, bringing its holdings up to 1,106 digital coins — worth $69.7 million at today’s prices. NYSE-listed Hyperscale added just 18.594 Bitcoin to its stash since last week’s buy of 51.5 coins. Hyperscale shares (GPUS) were trading nearly 4% lower Tuesday morning in New York. “Every Bitcoin we acquire further strengthens Hyperscale Data’s balance sheet and expands our financial flexibility,” Milton ‘Todd’ Ault III, Hyperscale Data’s executive chairman, said. “A stronger and larger Bitcoin treasury gives us additional options to finance growth, pursue strategic opportunities, and create long-term value for our stockholders. We intend to continue building our Bitcoin position over time.” The holdings are split across the company’s wholly owned subsidiaries, Sentinum, Inc. and Ault Capital Group, Inc. (ACG). The buildout is part of the company’s goal of establishing a $100 million digital asset treasury and reaching full parity between its Bitcoin holdings and market capitalization. Hyperscale is following in the footsteps of Strategy — formerly MicroStrategy — by using spare cash to buy Bitcoin. Under the leadership of Michael Saylor, Strategy shifted from a traditional software business to buying Bitcoin and allowing investors to get exposure to the asset via its shares which trade on the Nasdaq. This model has inspired other corporations to add the leading cryptocurrency to their treasuries — though Hyperscale’s case is unusual in that its holdings now exceed its entire market cap, a situation more commonly seen in deeply discounted treasury plays. This post Hyperscale Ups Bitcoin Stash, Bridging Holdings to Over 1,106 Coins first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Coinbase Chief Policy Officer Praises Crypto Clarity Act as “Extraordinarily Bipartisan” Coinbase’s Chief Policy Officer, Faryar Shirzad, struck an optimistic tone regarding the long-awaited Clarity Act on Monday, claiming there was bipartisan support for the bill in its current form. Speaking to Fox Business Monday, Shirzad said it was time for Democrats and Republicans to unite on the Clarity Act — and added that a vote could come as soon as next week. “This bill is an extraordinarily bipartisan piece of work,” he said. “It’s ready for final action. We’re very excited it’s going to get done.” JUST IN: Coinbase Chief Policy Officer talks CLARITY ACT on FOX "This bill is an extraordinarily bipartisan piece of work. It's ready for final action. We're very excited it's going to get done…I think we'll have a vote as early as Monday of next week" pic.twitter.com/J6iYcGs5c3 — Bitcoin Magazine (@BitcoinMagazine) July 27, 2026 Lawmakers have been mulling over the Clarity Act since last year, which would set in stone crypto regulation. A new draft started circulating last week which bans officials and their families from issuing or promoting crypto — something opposition lawmakers previously had issue with. But some Democrats are still unhappy with the bill in its current form. A group of Democrats last week said in a statement that the bill in its current form falls short. The bill has been in a deadlock this year, partially because banking chiefs raised concerns over stablecoin yield and ethics concerns. Banking lobbyists have said that if crypto exchanges pay attractive yields to customers, banks could lose their deposit base. But Shirzad shrugged off the concerns, claiming that banks are adopting crypto technology already. “The irony of the situation we’re facing with the banking lobby in Washington is that all the banks are actually moving quickly to adopt crypto and stablecoin in their own systems,” he continued. “I think the adoption by the banks tells you that as much as the lobbyists in Washington are resisting change, the long-term plan for the banks at the top is to adopt the technology, and it’ll be a win-win outcome.” Top U.S. banks — including JP Morgan and Bank of America — have expressed interest or already started debuting stablecoin products, which run on blockchain technology. This post Coinbase Chief Policy Officer Praises Crypto Clarity Act as “Extraordinarily Bipartisan” first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Republicans Hope For Democratic Support on Crypto Clarity Act Lawmakers are hoping to push through the crypto market structure bill this week but the Democrats are holding things back, according to Senator Dave McCormick. Speaking to Fox Business on Friday, the Republican senator said that a vote needs to happen now. “The Democrats are starting to think, ‘We don’t want to give it a win,'” said McCormick. Writing on X today, he added: “The time for delay is over. Bring the Clarity Act to the Senate Floor for a vote and let every senator go on the record. America needs clear rules that protect consumers and keep digital asset innovation and jobs here at home.” NEW: Sen. Dave McCormic on CLARITY ACT "The time for delay is over." "Bring the CLARITY Act to the Senate Floor for a vote and let every senator go on the record." pic.twitter.com/FvHck526kE — Bitcoin Magazine (@BitcoinMagazine) July 27, 2026 Lawmakers have been mulling over the Clarity Act since last year, which would set in stone crypto regulation. The bill has been in a deadlock this year, partially because banking chiefs raised concerns over stablecoin yield and ethics concerns. A new draft circulating last week bans officials and their families from issuing or promoting crypto — something opposition lawmakers previously had issue with. Now, GOP lawmakers are hoping to get backing from Democrats to pass the bill. Bipartisan support for the bill exists though some lawmakers — such as senator Elizabeth Warren — have criticized the draft, claiming it would allow President Donald Trump to make money from crypto, as well as benefit criminals. A group of Democrats last week penned a statement claiming the bill in its current form falls short. Major institutions, including Fidelity and Goldman Sachs, as well as crypto lobby groups and politicians, have said the revised bill works in its current format. Democrats — and some Republicans — have criticized President Trump’s crypto business interests, with some alleging conflicts of interest as his family has made money from meme coins and the decentralized finance protocol, World Liberty Financial. Despite the Trump family being heavily involved in crypto, and the president winning office after receiving backing from major crypto entrepreneurs, the White House has always denied any wrongdoing on part of the President. This post Republicans Hope For Democratic Support on Crypto Clarity Act first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Bitcoin ETFs Bled Nearly Half a Billion Dollars End of Last Week, Reversing Sentiment Investors cashed out of American Bitcoin exchange-traded funds at the end of last week, ending a seven days winning streak. Data from Farside Investors shows that over $475 million was redeemed from the investment products during trading hours on Thursday and Friday, with BlackRock’s iShares Bitcoin Trust handling most of the trading action. Risk appetite appeared to be back, too: over a seven-day period, from July 14-22, the funds managed by the likes of Fidelity, Morgan Stanley, and Grayscale, took in just under $1 billion in new investment: $999.3 million. The flurry of fresh cash put upwards pressure on the price of Bitcoin. The leading cryptocurrency then dipped on the outflows but is now unmoved over a seven-day period. Bitcoin’s price recently stood at $64,544. Year-to-date, Bitcoin is down over 26% and the cryptocurrency has shed nearly 50% of its value since it notched a new record of $126,080 in October. The ETFs — approved after nearly a decade of denials by the Securities and Exchange Commission in 2024 — have helped Bitcoin’s price surge as Wall Street investors now have an easy way to buy into the crypto space. Despite investors cashing out of major crypto funds, the newest on the market, Morgan Stanley’s Bitcoin Trust, experienced inflows of nearly $9 million Thursday and Friday. The fund, which debuted in April, now has close to $400 million in assets under management — making it one of the most successful ETFs of 2026. While analysts have called Bitcoin’s bottom, some have said that uncertainty around war in the Middle East and rising oil prices may hold back the cryptocurrency making a rebound. European asset management firm CoinShares said earlier this month that while investors are back at putting fresh cash in Bitcoin ETFs, other factors may hold digital asset markets from going higher. This post Bitcoin ETFs Bled Nearly Half a Billion Dollars End of Last Week, Reversing Sentiment first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Russia’s Sberbank Sets December Deadline for Crypto Buildout: Report Russia’s largest bank, Sberbank, will build crypto infrastructure by December, according to a report by Russian news agency Interfax. A key piece will be a digital depository that tracks clients’ crypto rights and records off-blockchain transactions, while also handling wallet transfers to execute client orders, Interfax reported Monday. Sberbank this month revealed plans to debut a Bitcoin and crypto wallet plus digital asset custody by December. The news comes as the State Duma mulls over a new law “On Digital Currencies and Digital Rights,” which sets up comprehensive Russian regulation of crypto. The proposed law covers retail purchases through licensed intermediaries, exchange trading, clearing, and digital depositories. First Deputy Chairman Alexander Vedyakhin was quoted as saying in the article that regulators and the market still need to draft numerous implementing regulations covering depository accounting, bookkeeping, and licensing for new types of intermediaries. He added that Sberbank is ready to keep sharing its expertise and participating actively in that process. Russia’s crypto journey Using crypto has been illegal in Russia as a form of payment since 2022 but lawmakers in the country have been open about using them for international settlements. President Vladimir Putin signed a law allowing cryptocurrency mining in the country last year, allowing legal entities to mine if they have been approved by the digital ministry. Foreign operations are currently banned from doing business in the country. Back in 2023, the Russian legislature passed a bill legalizing the use of digital currency as a way to make international payments. The bill likely has helped the country skirt international sanctions since the U.S. and European governments cut Russia off from the SWIFT payments system after it invaded Ukraine in 2022. Top Russian banks are planning to launch crypto trading services when new regulations take hold in the country. Lawmakers have said that investors will have to pass a test to start crypto investing and will be limited on the amount they can buy. This post Russia’s Sberbank Sets December Deadline for Crypto Buildout: Report first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Strategy Skips Bitcoin Again, Buys Back $25M of STRC Stock Bitcoin treasury Strategy on Monday announced that it had again skipped buying Bitcoin, instead buying back its own preferred stock, Stretch (STRC), for $25 million. In a filing and post on X, the company said it sold 5,429,160 shares of MSTR common stock through its at-the-market program between July 20 and July 26, generating $544.5 million in net proceeds. It was the first time the company did a buyback of its STRC product, one of the firm’s several products that gives investors exposure to Bitcoin via shares that pay a dividend. The company still holds 843,775 Bitcoins on its balance sheet — worth over $55 billion at today’s price of $65,576 per coin. The Bitcoin buying pause is the fifth in a row. Strategy has leaned on dollar accumulation over fresh Bitcoin buys across recent weeks, a shift from the aggressive purchases that defined much of its history. The firm now has $3.75 billion in cash that will not be used to fund repurchases, according to a filing. Strategy has said that its buyback plan — approved earlier this month — is about balance-sheet strength rather than retreat. President and CEO Phong Le has said that Strategy intends to remain a long-term Bitcoin buyer. Strategy — formerly MicroStrategy — started buying Bitcoin in August 2020 as a way to generate better returns for its shareholders during the COVID-19 pandemic. It has since spent around $63.9 billion on Bitcoin and is the largest corporate holder of the asset. Investors can buy its shares to gain exposure to the leading cryptocurrency without having to buy and hold digital coins themselves. Strategy spawned a long-list of copycat firms which have bought not only Bitcoin, but other cryptocurrencies to boost their stock prices. Strategy’s Nasdaq-listed stock (MSTR) was trading nearly 7% higher on Monday at nearly $98 per share. MSTR year-to-date has dropped by nearly 40%. This post Strategy Skips Bitcoin Again, Buys Back $25M of STRC Stock first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Morgan Stanley Bitcoin ETF Nearly Notches $400M in Assets Wall Street giant Morgan Stanley Bitcoin exchange-traded fund now has close to $400 million in assets under management — despite only launching in April. The NYSE Arca-listed fund, which is the first by a bank, got off to a roaring start when it debuted, bringing in over $33 million in fresh cash on its first day. Now, the fund has over $391 million in assets, demonstrating the popularity of the product. Many ETFs never reach $400 million in assets at all, let alone in one quarter. Senior Bloomberg Intelligence ETF analyst Eric Balchunas revealed Friday that the product has been one of the most successful funds launched this year so far. This week alone, investors have thrown $15.7 million in new cash at the product, according to Farside Investors data. Morgan Stanley has been making big crypto moves for years now. Back in 2021, it started offering wealthy clients exposure to Bitcoin via funds such as those by Galaxy Digital. And last year, the bank’s CEO and Chairman, Ted Pick, said that the bank was working with regulators to see how they could offer crypto safely. Back in April, the bank’s head of digital assets, Amy Oldenburg said client education — not product design — is the central challenge facing Bitcoin adoption. ETF action this week After weeks of outflows and sloppy price action, American Bitcoin ETFs have taken in fresh cash over the past seven days. Farside Investors shows the products have received a total of $274 million in new investment so far this week. The funds had been on a winning streak, receiving nearly $1 billion over seven days until Thursday, when every ETF experienced outflows — except for Morgan Stanley’s product. Bitcoin’s price was recently trading for $64,096, down over 1% over the past 24 hours. The cryptocurrency is virtually unmoved over a seven-day period. European asset management firm CoinShares last week said that while investors are back at putting fresh cash in Bitcoin ETFs, other factors may hold digital asset markets from going higher. “We see no significant upside potential from here,” James Butterfill, head of research at CoinShares, wrote. This post Morgan Stanley Bitcoin ETF Nearly Notches $400M in Assets first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine $7 Trillion Investment Giant Fidelity Backs New Crypto Clarity Act Investment giant Fidelity is the latest big player to back the latest version of the long-awaited Clarity Act. The Boston-based firm’s “Public Policy” account on X said Friday that it was urging the Senate to pass the bill. BREAKING: $7.1 trillion Fidelity officially endorses the Senate to pass the Clarity Act. pic.twitter.com/X8xncZtPzA — Bitcoin Magazine (@BitcoinMagazine) July 24, 2026 Lawmakers have been hashing out the crypto market structure bill since last year. A new improved draft circulating the Senate this week bans officials and their families from issuing or promoting crypto — a sticking point for opposition politicians. “The time is now for clear rules of the road that are essential to strengthening investor confidence, providing certainty for market participants, and reinforcing U.S. leadership in global digital asset markets,” the company said. Fidelity — which manages around $7 trillion in assets — was joined Friday by crypto advocacy groups the Crypto Council for Innovation, Blockchain Association, and the Digital Chamber, as well as the National Fraternal Order of Police and other politicians in backing the bill. Top asset manager Fidelity is interested in the bill as the firm manages Bitcoin and other digital asset exchange-traded funds: products which give American investors exposure to crypto via shares that trade on stock exchanges. The SEC approved a number of spot BTC ETFs in 2024, which have since gone on to be some of the most successful ETF launches ever. Clarity stalls Republicans passed the Clarity Act last year but the bill has been in deadlock — mainly because banking chiefs raised concerns over stablecoins and the yield they would potentially pay customers. Coinbase pulled support for the bill in January after clashing with banking bigwigs who said that earning yield on stablecoins should be banned. U.S. banks argue that they could lose customers if crypto exchanges like Coinbase offer more attractive products for their deposit base. Some lawmakers — like Democratic senator Elizabeth Warren — have argued that President Donald Trump’s family has unfairly benefited from crypto ventures. Warren this week argued that the Clarity Act could further be used for Trump to cash in on crypto but the latest draft bans officials and their families from issuing or promoting crypto. This post $7 Trillion Investment Giant Fidelity Backs New Crypto Clarity Act first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine State Department to Debut Freedom Tech Program with Bitcoin Policy Institute, Palantir as Founding Partners The U.S. State Department is launching a program that includes Bitcoin as a way to advance digital freedom worldwide. Named the Freedom Tech Excellence Program, the initiative will see the State Department work with the Bitcoin Policy Institute, data-analytics firm Palantir Technologies, defense technology company Anduril Industries, and the Victims of Communism Memorial Foundation on issues including online surveillance, encryption, AI governance, and protecting free expression online. According to the program’s stated goals, participants will focus on five priority areas: First Amendment and free expression protections in the digital age; countering unlawful digital surveillance and online scams; privacy-enhancing technologies such as strong encryption and VPNs; responsible governance of emerging technologies including AI; and safeguarding children and other users online. The inclusion of the Bitcoin Policy Institute signals that the Department views Bitcoin and blockchain technology as tools relevant to circumventing censorship and financial surveillance in authoritarian states — a theme the organization has long championed in its advocacy work. The FTEP will operate through limited-term assignments, placing private sector personnel inside the State Department on temporary embeds tasked with shaping diplomatic efforts around specific digital freedom issues. President Trump campaigned on a ticket to help the crypto space and since taking office, his government has taken a more pro-crypto approach to both regulating and including elements of the space in his administration. In March 2025, for example, President Trump signed an executive order establishing a Strategic Bitcoin Reserve and a separate U.S. Digital Asset Stockpile, capitalized with roughly 200,000 Bitcoin already held by the government through criminal and civil forfeiture. The order framed Bitcoin alongside strategic reserves the U.S. maintains for materials like gold, petroleum, and pharmaceuticals, treating it as a scarce national asset rather than merely a speculative one. This post State Department to Debut Freedom Tech Program with Bitcoin Policy Institute, Palantir as Founding Partners first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine National Fraternal Order of Police Gives Green Light to Clarity Act in Latest Support for Crypto Bill The National Fraternal Order of Police became the latest organization to throw its support behind the long-awaited Clarity Act. In a statement Friday, specifically addressed to Democratic senators Elizabeth Warren and Timothy Eugene Scott, the fraternal organization wrote that it approved of the latest bill. The FOP works to improve the working conditions of law enforcement officers. The newest draft bans officials and their families from issuing or promoting crypto, something opposition lawmakers previously had issue with. On Wednesday, Senator Warren, a long-time crypto critic, said that the latest bill would allow President Donald Trump to make money from crypto, as well as benefit criminals. JUST IN: The world's largest organization of sworn law enforcement officers now officially endorses the passage of the Clarity Act: pic.twitter.com/N10g5jIZ0M — Bitcoin Magazine (@BitcoinMagazine) July 24, 2026 “The latest version of the ‘Clarity Act’ includes several provisions that improve the ability of State and local law enforcement to protect consumers, investigate financial crimes, and coordinate with their Federal partners,” the letter read. “The revised bill establishes safeguards aimed at addressing fraud and victimization involving digital asset kiosks and related activity while also providing for anti-money laundering and sanctions compliance obligations across the digital asset ecosystem.” U.S. lawmakers are currently mulling over the latest draft of the Clarity Act — a crypto market structure bill aims to set in stone digital asset regulation. More support for the bill Top crypto advocacy groups the Crypto Council for Innovation, Blockchain Association, and the Digital Chamber also threw their support behind the latest draft of the Clarity Act on Friday. The trade associations said that passing the bill is necessary to establish the “first comprehensive federal consumer protection framework for digital asset markets” as more Americans begin to use and invest in crypto. The Clarity Act, which Republicans passed last year, has been in a deadlock mainly because banking chiefs raised concerns over stablecoins and the yield they would potentially pay customers. America’s biggest crypto exchange, Coinbase, pulled support for the bill in January after clashing with banking chiefs who said that earning yield on stablecoins should be banned. U.S. banks have said they could lose customers if crypto exchanges offer more attractive products for their deposit base. A new bill has been circulating this week and it is expected it will head to floor vote. The latest draft bans officials and their families from issuing or promoting crypto — a sore point for Democratic politicians who have argued that President Donald Trump’s family has unfairly benefited from crypto ventures. President Trump campaigned on a ticket to help the crypto space but his digital asset ventures have raised eyebrows among Washington lawmakers who think the Trump family has unfairly profited from crypto businesses. This post National Fraternal Order of Police Gives Green Light to Clarity Act in Latest Support for Crypto Bill first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Sealed in Foil: BMAG’s New Focus on Trading Cards Somewhere right now, on a livestream, someone is tearing open a foil package while hundreds of people watch. Trading cards have become a spectator sport. The card market is at all-time highs, cardboard repriced by the hour, rare cards selling for eight figures, and a general sense of frenzy. But watch enough of it and something strange becomes clear. Nobody is looking at the cards. The audience isn’t consuming images, it’s consuming anticipation. The card boom has also surfaced hard questions, and the hardest ones surround grading. The past year saw the hobby’s dominant grading house facing scrutiny over grades that shifted after cards moved through its own buyback program, and collectors began asking, who grades the grader. When a single subjective number separates a card from ten times its value, and the arbiter of that number also holds a position in the asset, the hobby has a verification problem. These are, in the language of bitcoiners, trusted-third-party problems. The two worlds keep arriving at the same three questions: what’s real, what’s rare, and what holds value. A graded slab and a confirmed transaction on the timechain are answers to the same anxiety. Collectors demanding transparent grading and provenance that can’t be quietly revised are asking for verification over trust, whether they use those words or not. In that sense, card collectors and bitcoiners already share the same ideals. This is why BMAG (Bitcoin Museum and Art Gallery) is making trading cards a serious part of its program. Seven years as the cultural wing of the Bitcoin Conference, more than 130 BTC ($8+ million) in art and collectibles sales, the first Magic: The Gathering tournament at a Bitcoin Conference, staged in Las Vegas with Kraken and on-site TAG grading, and the conviction that cards are asking the same questions bitcoin already answered. Source: https://my.taggrading.com/card/P7612780 The fullest expression of that focus arrives this August. At Bitcoin Asia 2026, August 27-28 at the Hong Kong Convention and Exhibition Centre, BMAG will debut a full Trading Card Expo on the conference floor. The Expo is anchored by a marketplace of established vendors from across Hong Kong and Southeast Asia, alongside live activations, grading and authentication, card auctions, and a curated gallery presentation surrounding it all. Cards and collectibles will be available for purchase, and attendees are encouraged to bring their own cards for grading or resale to the 40+ card vendors. Hong Kong is one of the most active card markets in the world and a Bitcoin conference is the natural room for it. But a marketplace alone isn’t the point. The trading card has an art pedigree longer than most people realize. Jefferson Burdick, the father of American card collecting, spent his final years transferring thousands of cards into albums at the Metropolitan Museum of Art, where his collection remains today. Art Spiegelman worked at Topps inventing series like Garbage Pail Kids before his mainstream graphic novel successes. And the critic Brian Droitcour recently put his finger on why the format matters right now: a Magic card is an image that does something, rarity and function entwined, while NFTs inherited that logic and captured only the rarity. Droitcour argues that NFTs dissolved the old hierarchy between the artwork and the collectible, and that the most interesting artists working today make objects that are both at once. A generation of artists has taken that invitation literally. Over the past few years, a loose scene of mostly pseudonymous artists, formed across crypto subcultures, Twitter timelines, and private group chats, has been quietly staging one of the more genuine artistic rebellions of the decade. Where the establishment crypto-art world courted galleries with polished generative work, these artists went the other direction, making images dense with meme references, anime, veiled art history, and internet debris, layered so deep that critics had to invent new words for them. They call the style schizocollage. In Spike Art Magazine, Dean Kissick placed the work in the lineage of deliberately “bad painting,” a tradition Marcia Tucker gave institutional credentials when she inaugurated the New Museum with an exhibition of that name in 1978. And increasingly, the scene’s work has been heading not toward the gallery wall but toward cardboard: the pack, the pull, the sleeve, and the slab treated not as merchandising afterthoughts but as the medium itself. BMAG has spent years working in a room the traditional art world ignored, the art gallery inside a Bitcoin conference. When the painter Nardo showed at Bitcoin MENA in 2024, our conversation kept circling memes as units of cultural transmission and the internet’s layered debris as legitimate subject matter for painting. A year later his Citadel, a seven-foot oil painting built from a 4chan meme, debuted at the Bitcoin Conference in Las Vegas: a monument raised to an internet shitpost. The card movement runs on the same current at a different scale, small enough to fit in a penny sleeve. It’s a conversation we’ve continued in these pages all year, with founders like Alladan Flinn of Based Trading Cards, who describes cards as physical timestamps of the Bitcoin movement. We’ll have much more to say about the artists of this scene, and what they’re bringing to Hong Kong, in the weeks ahead. The Card Expo debuts at Bitcoin Asia 2026, August 27-28 at the Hong Kong Convention and Exhibition Centre. Vendors of cards, collectibles, and related goods can apply for a table here. Tables are limited. Follow BMAG on X at @BMAG_HQ for new partnership announcements, auctions, and first looks at the artists coming to Hong Kong. This post Sealed in Foil: BMAG’s New Focus on Trading Cards first appeared on Bitcoin Magazine and is written by Dennis Koch. Переглянути повний текст

Bitcoin Magazine Top Crypto Industry Groups Pen Letter to Senate Leaders Urging Them To Support the Clarity Act Top crypto advocacy groups the Crypto Council for Innovation, Blockchain Association, and the Digital Chamber have said in a letter that they support the latest draft of the Clarity Act. In a letter Friday, the trade associations said that passing the bill is necessary to establish the “first comprehensive federal consumer protection framework for digital asset markets” as more Americans begin to use and invest in crypto. U.S. lawmakers are currently mulling over the latest draft of the Clarity Act — a crypto market structure bill aims to set in stone digital asset regulation. The latest draft bans officials and their families from issuing or promoting crypto. “Nearly 67 million Americans, about one in four, already own digital assets, and recent research demonstrates that this trend is only growing,” the letter said. “This is a crucial opportunity for the Senate to improve upon the status quo by establishing durable rules for digital assets that protect consumers, safeguard markets, and ensure that innovation can thrive in the United States,” it added. JUST IN: The Digital Chamber, CCI, and Blockchain Association send letter to Senate Leaders urging them to pass the Clarity Act: "For the United States to maintain its position as the global leader of financial innovation, there is no substitute for the long-term certainty of… pic.twitter.com/2JFqqgKfip — Bitcoin Magazine (@BitcoinMagazine) July 24, 2026 Banking representatives, regulators and crypto industry leaders have been meeting at the White House to work on the Clarity Act since last year. The bill was passed by the House of Representatives but has been in deadlock after banking chiefs raised concerns over stablecoins and the yield they would potentially pay customers. America’s biggest crypto exchange, Coinbase, pulled support for the bill in January after clashing with banking chiefs who said that earning yield on stablecoins should be banned. U.S. banks have said they could lose customers if crypto exchanges offer more attractive products for their deposit base. Latest Clarity Bill A new bill has been circulating this week and it is expected it will head to floor vote. On Thursday, Goldman Sachs chairman and CEO David Solomon became one of the first big bankers to throw his support behind the bill. The latest draft bans officials and their families from issuing or promoting crypto — a sore point for Democratic politicians who have argued that President Donald Trump’s family has unfairly benefited from crypto ventures. “These improvements reflect engagement with policymakers across both parties and demonstrate that a well-crafted market structure framework can promote innovation while also bolstering national security,” the letter by the trade associations added. This post Top Crypto Industry Groups Pen Letter to Senate Leaders Urging Them To Support the Clarity Act first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Democrats Push Back on GOP Ethics Text as Thune Doubts a Pre-Recess Clarity Vote Senate Democrats have rejected the ethics provision in the latest Clarity Act draft in blunt terms, and Majority Leader John Thune cast doubt on Thursday that the crypto market-structure bill can pass before the August recess. “Whatever piece of s–t they sent back to us, that was not a serious effort,” Senator Ruben Gallego of Arizona told Politico, faulting Republicans for turning months of talks into language he called far from a deal. Gallego said he is at work on a counteroffer with Senator Thom Tillis of North Carolina “and other Republicans that are not being named right now.” “We are still in this fight,” he said. “We are going to send back language.” The dispute centers on enforcement. Democrats say they will not accept an ethics provision with the Department of Justice as its sole enforcer, a stance rooted in distrust of the Trump Justice Department to police the president. Earlier talks broke down over the role state attorneys general would play in enforcing the rules. The GOP language came from an agreement between the White House and Republican Senators Cynthia Lummis and Bernie Moreno. Lummis defended it, and said in a statement that “President Trump is supporting the most robust ethics rules ever imposed on the office of the presidency.” The new draft would bar federal officials from issuing digital assets and would sunset in 2029, and the White House has pressed Democrats to accept it. Tillis called the White House-approved language “good,” yet allowed that “the baseline… falls short of what some of the Democrats want,” and said one more talk with the White House lies ahead. The ethics fight traces to President Trump’s crypto ventures, which a July disclosure tied to more than $1 billion in income over the past year. A group of seven Democrats led by Angela Alsobrooks said this week the text “falls short” on consumer protection, illicit finance, and conflicts of interest. The Clarity Act has 14 days before the August deadline Thune tempered expectations on the calendar. Industry and congressional negotiators had marked August 7 as the date the bill needed to clear the Senate for a real shot at passage this year. “I don’t think we’ll be able to get them done,” Thune told reporters, in reference to Clarity and a separate college-sports bill. “I would like to at least get Clarity started. We’ll see where the votes are.” A start before the recess would leave the bill for a narrow window in September, with midterm campaigning and other priorities set to crowd the floor. Thune’s staff pointed to a Russia sanctions bill that the late Senator Lindsey Graham championed as the next item for floor time. White House crypto adviser Patrick Witt pushed back on Thune’s read, and told CoinDesk he was “perplexed” and “slightly more optimistic,” with the first week of August still open. The bill has moved through months of bipartisan talks, and the House passed its version in July 2025. Beyond ethics, some Republicans have flagged the treatment of stablecoin yield, and Goldman Sachs, one of the bill’s backers, sits opposite JPMorgan in a Wall Street split over the measure. Galaxy Research has cut its passage odds to 50-50. This post Democrats Push Back on GOP Ethics Text as Thune Doubts a Pre-Recess Clarity Vote first appeared on Bitcoin Magazine and is written by Micah Zimmerman. Переглянути повний текст

Bitcoin Magazine Bitcoinist.App Brings Private Mining Pools to iOS RAS AL KHAIMAH, UAE, July 23, 2026: BFM Company Limited today introduced Bitcoinist.App, a non-custodial Bitcoin mining app and Learn-to-Mine platform released exclusively for iOS. Available from the Apple App Store, Bitcoinist.App gives people a simple way to learn how Bitcoin mining works, access real hashpower, create private Bitcoin mining pools, and receive payouts directly to a wallet they control. Onboarding uses Sign in with Apple, and users can begin from an iPhone without buying mining hardware or entering payment information. Most people will never run a miner at home. In some regions, particularly parts of the developing world, high room temperatures can cause mining equipment to overheat, while the electricity needed to run air conditioning around the clock can make home mining prohibitively expensive. Noise and the miner’s own continuous power draw add to the barrier. In many parts of the world, people access the internet primarily through mobile data on a phone, without a practical wired connection for dedicated mining equipment. A physical miner also needs a stable network connection. Bitcoinist.App lowers those barriers with a simple iOS interface for learning about Bitcoin and directing real, remotely hosted hashpower through three modes: Learn and unlock. The built-in Bitcoin Academy offers a 31-lesson video curriculum that explains Bitcoin and mining in practical terms. Educational videos and optional rewarded ads can unlock free mining rental time, so users can start mining from day one without a purchase. Rent or connect. Paid access is offered through an in-app subscription. Users can access hashpower in 1 TH/s increments from miners hosted in UAE data centers and third-party facilities, or from capacity supplied through third-party hashpower marketplaces. Mining does not run on the iPhone. The app is a simple control layer for real hashpower, and pricing is published in the app. Support for connecting user-owned hardware, including home miners like the Bitaxe, is planned. Route and pool. Users can create a private mining pool, invite friends and family to combine hashpower, and compete with the global hashrate. They can also mine solo or route miners to the Ocean pool for steadier payouts. Bitcoinist.App is strictly non-custodial. There is no internal wallet or platform balance. Users choose an external self-custody wallet for payouts; mined bitcoin is sent to that address rather than held inside the app. Bitcoinist.App does not hold user private keys or mined funds. Bitcoinist.App provides mining infrastructure and education, not a yield product, investment scheme, or custodial wallet. An in-app subscription or ad-supported access provides mining time, not bitcoin and not a promised return. Mining outcomes depend on network difficulty, pool performance, transaction fees, and deployed hashpower. Some hosting and hashpower capacity comes from third parties, so availability and performance can vary by provider. Nothing in this release guarantees any amount of mined bitcoin. “We designed Bitcoinist.App to orange pill the masses through mining and education,” said Fouad Jamil, Founder and CEO of Bitcoinist.App. “People can begin with a phone, learn what Bitcoin mining actually does, direct real hashpower, and receive every sat in a wallet they control. We are not mining for users and we never custody their bitcoin. We provide the infrastructure and tools; users decide where their hashpower goes.” Bitcoinist.App is operated by BFM Company Limited, registered in RAK DAO, Ras Al Khaimah, UAE (Bitcoin Mining license No. 07010714), with mining infrastructure in UAE data centers and third-party mining facilities around the world. Additional capacity may be supplied through third-party hashpower marketplaces. Availability is subject to regional eligibility. Download the app Bitcoinist.App is now publicly available exclusively on iOS. Users can download the app from the Apple App Store. About Bitcoinist.App Bitcoinist.App is a Bitcoin-only, non-custodial mining app and education platform available exclusively on iOS. Designed for ease of use, it lets people learn about Bitcoin, unlock free mining rental time through educational videos and optional rewarded ads, or choose an in-app subscription for ongoing access to real hashpower. Users can create private mining pools with friends and family, compete with the global Bitcoin hashrate, or route miners to Ocean, while payouts go directly to self-custody. Mining does not run on the iPhone. Bitcoinist.App is operated by BFM Company Limited (RAK DAO, Ras Al Khaimah, UAE). The official website is bitcoinist.app. Follow Bitcoinist.App on X, Telegram, YouTube, Facebook, and Instagram. Press contact pr@bitcoinist.app Press kit bitcoinist.app/bitcoinist_presskit.zip Disclaimer: This is a sponsored press release. Readers are encouraged to perform their own due diligence before acting on any information presented in this article. This post Bitcoinist.App Brings Private Mining Pools to iOS first appeared on Bitcoin Magazine and is written by Bitcoin Magazine. Переглянути повний текст

Bitcoin Magazine Elizabeth Warren Claims Clarity Act Would Help Trump — And ‘Criminals and Cartels’ Democratic Senator Elizabeth Warren has blasted the Clarity Act draft bill, claiming it would allow criminals and cartels to move money. Speaking in a video statement on X Thursday, Warren hinted that the potential law would allow President Donald Trump to make money from crypto. Lawmakers are currently mulling over the latest draft of the Clarity Act, which aims to set in stone digital asset regulation. The latest draft bans officials and their families from issuing or promoting crypto. “This latest draft bill would make it easier for criminals, oh, and cartels and terrorists to move money and finance their operations — and it fails to protect investors and our financial system,” Warren said in the video. The new draft of the Senate GOP crypto bill does nothing to stop President Trump from making his next $1.4 billion from crypto. It’ll supercharge Trump’s crypto corruption. This bill should be dead on arrival. pic.twitter.com/HuNY52n3ex — Elizabeth Warren (@SenWarren) July 22, 2026 “It’s going to a vote on the floor. There’s a glaring omission: it does not stop Donald Trump from cashing in on his presidency.” “This isn’t regulation — this is a giveaway. This bill should be dead on arrival,” added Warren. But X users added clarification to Warren’s video, highlighting that the Senate GOP’s updated draft includes ethics provisions banning federal officials from issuing or sponsoring digital assets. Trump’s crypto ventures Warren has long been a crypto critic, initially arguing that billions of dollars go missing every year thanks to tax dodging crypto users. Most recently, Warren has called for a probe into the Trump family’s top crypto ventures. President Trump campaigned on a ticket to help the crypto space but some Washington lawmakers have criticized the way the Trump family has profited from digital asset ventures, such as the Republican’s meme coin, TRUMP, and World Liberty Financial project. Trump and the White House have always denied any conflicts of interest. Latest Clarity Bill Senate Republicans began circulating new text of the bill this week, ahead of a possible floor vote. US banking representatives, regulators and crypto bigwigs have been meeting at the White House to work on the Clarity Act since last year. The bill was passed by the House of Representatives but banking chiefs raised concerns over stablecoins and the yield they will potentially pay customers. Banking representatives have warned they could lose their deposit base and, in turn, their ability to lend to U.S. businesses if companies are allowed to pay rewards on stablecoins. On Thursday, Goldman Sachs chairman and CEO David Solomon became one of the first big bankers to throw his support behind the bill. This post Elizabeth Warren Claims Clarity Act Would Help Trump — And ‘Criminals and Cartels’ first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Smarter Web Company Sells Bitcoin to Clear $11.7 Million Debt Facility The Smarter Web Company has sold a portion of its Bitcoin treasury to repay an $11.7 million convertible debt facility held by TOBAM, a move the company frames as a choice for balance-sheet flexibility over equity dilution. The company sold 177.8909127 BTC at an average price of $65,762 to retire the instrument, known as the “Smarter Convert,” ahead of schedule. The transaction totaled $11,698,540 and was settled roughly two weeks early. After the sale, Smarter Web still holds 2,700 BTC in treasury. Smarter Web’s financing decisions On its face, a Bitcoin treasury company selling part of its holdings can read as a signal of weakening conviction. But the transaction is a debt-management decision. Smarter Web was not exiting its Bitcoin position. It used BTC to extinguish a debt obligation and avoid issuing 7,718,551 ordinary shares, an outcome that would have diluted existing shareholders had the convertible converted into equity instead. Bitcoin treasury companies typically generate headlines in one direction: a purchase, a rise in total holdings, a deeper commitment to Bitcoin as a balance-sheet asset. Investors respond according to their view of corporate crypto exposure, but the pattern is usually additive. Smarter Web sold Bitcoin to settle a specific financing instrument, the company said. That is different from a sale driven by lost confidence in the asset, and different again from a forced sale tied to a liquidity shortfall. The company faced a capital-structure choice. It could leave the convertible in place and risk dilution from a future conversion into shares, or it could draw down part of its Bitcoin position to repay the debt directly. Management chose the second path, prioritizing a cleaner balance sheet over preserving the full Bitcoin position. For shareholders, the logic may be more legible than the alternative. A new issuance of millions of ordinary shares carries a direct and immediate dilutive effect on per-share value. A reduction in Bitcoin holdings, by contrast, leaves the company’s per-share equity structure untouched while removing a fixed liability from the balance sheet. Smarter Web’s remaining 2,700 BTC treasury indicates the company has not abandoned its Bitcoin strategy. The sale addressed one financing obligation, not the broader thesis behind the holdings. This post Smarter Web Company Sells Bitcoin to Clear $11.7 Million Debt Facility first appeared on Bitcoin Magazine and is written by Micah Zimmerman. Переглянути повний текст