Bitcoin (BTC) gives back the early-week gains, trading at around $63,225 as of July 28. Franklin Templeton publicly backs the “CLARITY Act,” saying the bill will clarify the regulatory framework for crypto assets. Bitmine said that over the past week it bought nearly 10,000 ETH and has not paused its buying strategy despite the lackluster market; it currently holds 5.79 million ETH.
Macro Events & Crypto Hotspots
1、Franklin Templeton posted on X saying it publicly supports the “CLARITY Act” passing, calling it a bill that will clarify the regulatory framework for crypto assets. It says this will help investors understand the protections that apply and that when companies know which regulator is responsible, it’s time to provide the industry with the regulatory clarity it needs.
2、According to CoinTelegraph, Bitmine Immersion Technologies said on Monday that after buying nearly 10,000 ETH over the past week, it currently holds 5.79 million ETH—about 4.8% of the total supply of that cryptocurrency. Bitmine disclosed that about 4.9 million ETH (85% of its holdings) has been staked via verified nodes. The company expects that once all ETH is deployed to its staking infrastructure and partner-verified nodes, its annualized staking rewards will reach about $299 million. As of July 26, the total value of the company’s crypto holdings, cash, and marketable securities was $118 million.
Bitmine has built the world’s largest enterprise Ethereum treasury, with the value of its digital asset holdings ranking second among listed companies, behind only Strategy. However, Bitmine’s accumulation strategy has recently differed from Strategy, which has paused buying Bitcoin for weeks.
News Watch
1、Franklin Templeton backs the “CLARITY Act,” calling for regulatory clarity for the industry
2、Crypto-friendly bank Cross River will provide P2P payments and banking services for X Money
3、SK Hynix follows in SpaceX’s wake after a share price plunge
4、US Senate temporarily shelves the “CLARITY Act,” prioritizing other agendas
5、Grayscale: HYPE ETF inflows accelerate, outperforming BTC, SOL, and XRP in the same cycle
6、SpaceX’s market cap evaporates by more than $1.2 trillion, already “down” by an entire Tesla
7、Apple’s market cap surpasses NVIDIA and returns to the top globally
8、Minnesota’s prediction market ban is lifted; Kalshi and Polymarket win
9、Trump backs a rate cut at Voss, saying US interest rates should be the lowest globally, blasting the Fed’s “rate-cut blockers”
Market Performance
1、Latest on Bitcoin: $BTC gives back early-week gains and is currently around $63,225. Over the past 24 hours, $157 million in positions were liquidated, with long liquidations leading;
2、US stock markets were mixed on July 27. The US halted airstrikes on Iran, and international oil prices fell sharply—initially supportive of market sentiment—but chip stocks were hit hard by sell pressure, offsetting the positives. On one hand, investors are waiting for earnings reports from major tech companies such as Microsoft, Amazon, Meta, and Apple; on the other hand, they’re increasingly questioning whether AI capex can sustain current valuations. The Dow Jones Industrial Average rose 262.83 points, up 0.5%, to close at 52,210.08; the S&P 500 added 1.20 points, up 0.02%, to close at 7,413.18; the Nasdaq Composite fell 43.74 points, down 0.2%, to close at 24,932.08.
（Source: Gate）
3、In the Gate BTC/USDT liquidation map, using the current 63,545.60 USDT as the reference: if it drops to around $62,533, the cumulative long-liquidation amount exceeds $316 million; if it rises to around $65,542, the cumulative short-liquidation amount exceeds $1.38 billion. Short-side liquidation is significantly higher than long-side—suggesting traders should manage leverage reasonably and avoid triggering large-scale liquidations when market conditions change.
（Source: Coinglass）
4、In the past 24 hours, BTC spot inflows were $1.57 billion, outflows were $1.79 billion, resulting in net outflows of $220 million.
（Source: Coinglass）
5、In the past 24 hours, net outflows led in $BANK, $AKE, $KAITO, $PUMP, $ON and other contracts, presenting trading opportunities.
Selected Views from X KOLs
Phyrex Ni (@Phyrex_Ni): “I almost forgot that at 2:00 a.m. Beijing time on July 30 is the Fed rate decision meeting. Compared with last month’s meeting—when Voss first appeared and there were more ‘screen-dot’ notes—this month’s meeting feels like it has a bit less presence. Although some partners worry that the Fed might hike rates, based on current trends, the probability of a rate hike this month is at least too low. Even though oil prices have rebounded, compared with March and April, they’re still lower.”
“Therefore, during March and April, there was no consideration of a rate hike. In July, rate hikes were considered, and even when inflation data shows declines, this possibility is not big. What the market expects more is that when oil prices remain around $90 to $100 in the long term, the Fed may have choices. This time, the Fed’s highest-probability move is still to keep things unchanged, so the meeting has a bit less presence. But we should still listen to what Voss says.”
“Also, now Trump knows that the probability of forcing the Fed to cut rates is too low. Even if Voss is there, it doesn’t help much. For the mid-term election, Trump needs to keep the stock market rising, which requires US oil prices to keep falling and more votes. So if rates can’t be cut, at least don’t hike—and it would be best to create a narrative that makes it seem possible that a rate cut could happen. So I think as long as there isn’t truly a big problem, the US and Iran will most likely return to negotiations.”
“Today the market also rebounded a bit after Trump indicated there would be a negotiation window and Iran didn’t object. Especially BTC’s trend has been pretty good. I originally considered whether to raise the dip-buying price to $64,000, but now it feels like if talks move into the process, Bitcoin’s price could quickly go to around $67,000. I’m a little unsure whether to buy a bit earlier.”
“Because I think the rise is highly likely, but now all the funds are set up in a dual-currency format. If I use external funds, I’m a bit hesitant—last year, that’s basically how it happened and led to buying a lot at high levels ‘on impulse.’ It’s not that it’s totally pointless, but tying up capital is always not good.”
Today’s Preview
1、US Conference Board consumer confidence index for July; prior value was 91.2
2、Israeli Prime Minister Netanyahu meets with US President Trump
3、RBA (Australia’s central bank) Governor Philip Lowe delivers remarks
