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NOW: Bitcoin eGift cards from Fold are on sale via the TikTok shop. 15% off the spot price of Bitcoin. This is the dip you’ve been waiting for 👀

Fear & Greed Index reaches 26, Fear territory.

Bitcoin long-term holder accumulation hits a 6-year high.

NEW: Bitdeer hits a record 990 BTC mining output in June, up 7.5% from May and 5x higher than June 2025.

NEW: AI data centers make more money per unit of electricity than Bitcoin mining, says MARA Holdings CEO Fred Thiel.

FRATERNAL ORDER OF POLICE BACKS REVISED CLARITY ACT The Fraternal Order of Police, representing more than 382,000 law enforcement officers, has formally endorsed the revised CLARITY Act after reviewing its updated text. The group says new clarifying language preserves law enforcement’s ability to investigate digital asset-related crime while addressing concerns it previously raised. It also praised provisions expanding anti-money laundering tools, improving information sharing, strengthening fraud prevention, supporting state and local enforcement, and clarifying that protections for non-custodial software developers do not shield those who intentionally facilitate criminal activity. The FOP says its initial concerns have been satisfactorily addressed and is urging Congress to pass the amended bill.

NEW: The US State Department officially launches the Freedom Tech Excellence Program, a public-private partnership that embeds employees from private organizations directly into diplomatic operations focused on digital freedom.

🇮🇳 INDIA ORDERS GITHUB TO REMOVE BITCHAT REPOSITORIES India’s Ministry of Home Affairs has ordered GitHub to remove or disable access to the BitChat repositories within three hours under Section 79(3)(b) of the Information Technology Act and the 2021 IT Rules. The order targets the BitChat repository, the Android repository, and Android releases. Authorities claim the decentralized Bluetooth mesh messaging app enables anonymous, serverless communication that hinders lawful interception and could be misused to evade surveillance, coordinate unlawful activities, spread misinformation, or operate during internet shutdowns. The notice cites alleged violations of India’s Information Technology Act, 2000 and the Bharatiya Nyaya Sanhita, 2023.

Bitcoin Could Split on August 8th - How To Protect Your Stack @Portland.HODL and @Wicked join to discuss: 🔸 What to do with your BTC during a chain split 🔸 Policy vs. Consensus 🔸 Who actually governs Bitcoin 📺:

Fountain: Podcasts & Music

Rob Wallace | Bitcoin News • Bitcoin Could Split In 15 Days — How To Protect Your Stack | Wicked & Portland Hodl • Watch on Fountain

Bitcoin could split in 15 days. And most people have no idea what that actually means for their stack. Wicked Smart Bitcoin and Portland Hodl jo...

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Bitcoin Could Split In 15 Days — How To Protect Your Stack | Wicked & Portland Hodl

Rob Wallace | Bitcoin News · Episode

HISPANIC CHAMBER URGES SENATE TO OPPOSE CLARITY ACT The U.S. Hispanic Chamber of Commerce sent a letter to Senate Majority Leader John Thune and Minority Leader Chuck Schumer urging changes to the CLARITY Act. They warn the bill could accelerate deposit outflows from community banks and reduce lending to Hispanic-owned small businesses. The group argues the legislation exempts crypto firms from certain community reinvestment requirements, potentially weakening investment in underserved communities. Crypto advocates dispute the claim, arguing the bill would modernize financial markets, lower the cost of capital, and expand access to financial services ahead of a potential Senate vote next week.

GRAYSCALE: BITCOIN NO LONGER DRIVEN PRIMARILY BY THE HALVING CYCLE Grayscale says Bitcoin has entered a new market regime where global liquidity, real interest rates, and Federal Reserve policy are now the primary drivers, rather than the traditional four-year halving cycle. The firm says Bitcoin’s recent pullback coincided with rising real yields and expectations for a more hawkish Fed. If the Fed pauses rate hikes and the U.S. avoids a severe economic slowdown, Grayscale believes Bitcoin may have already bottomed. Not everyone agrees. Supporters of the four-year cycle argue Bitcoin could still see further downside, noting past cycle bottoms have typically occurred about one year after the market peak, roughly 2.5 years after the halving, with average drawdowns near 80%.

STRATEGY, BLACKROCK, COINBASE AND OTHERS LAUNCH $15 MILLION BITCOIN SECURITY CONSORTIUM 15 prominent companies have teamed up to launch the Bitcoin Security Consortium, pledging $15 million over the next three years to support Bitcoin’s long-term security. The initiative will help fund developers and researchers working on Bitcoin infrastructure, including post-quantum cryptography, while serving as a public resource on Bitcoin security. Coordinated by Brink Executive Director Mike Schmidt in a volunteer capacity, the consortium says it will not direct Bitcoin development or advocate for specific protocol changes, but instead provide funding and education while supporting the existing open-source ecosystem. Other companies involved include Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, and Galaxy.

SMARTER WEB SELLS 178 BITCOIN TO REPAY $11.7 MILLION CONVERTIBLE NOTE UK-listed The Smarter Web Company has repaid its $11.7 million convertible instrument with TOBAM about two weeks ahead of schedule by selling 177.89 BTC at an average price of $65,762. The repayment eliminates the potential issuance of 7.7 million shares, with CEO Andrew Webley saying convertible instruments are “not currently the right capital solution” for the company.

BITMEX TO SHUT DOWN AFTER 11 YEARS Arthur Hayes-founded crypto exchange BitMEX announced it will permanently cease operations on September 23 at 04:00 UTC following a strategic review. New user registrations have ended, and existing users are being urged to close positions and withdraw funds before the deadline. At its peak, BitMEX processed $16 billion in daily trading volume and over $1 trillion annually. Hayes and his co-founders stepped down after facing U.S. criminal charges in 2020.

WITT DEFENDS CLARITY ACT ETHICS PLAN AS DEMOCRATS PUSH FOR STATE AG ENFORCEMENT Crypto Council Executive Director Patrick Witt defended the proposed ethics package in the CLARITY Act, arguing Democratic opposition falls into two camps: those who say enforcement without state attorneys general is meaningless, and those seeking penalties for President Trump’s past crypto activity, which Witt says would be unconstitutional. According to Eleanor Terrett, the proposal, negotiated by the White House and Sens. Cynthia Lummis and Bernie Moreno, would ban covered federal officials from issuing or sponsoring digital assets for compensation while in office, require divestment or placement of crypto holdings into blind trusts, give the DOJ civil enforcement authority, require disclosure of crypto sales over $1,000, and direct a GAO review of remaining ethics gaps. The package has not been approved by Democrats, who are expected to push for state attorneys general to share enforcement authority. Negotiations are expected to continue in the coming days.

Bitcoin one-month puts now cost far more than calls. VanEck skew widened from 9.8 to 11.4 points (83rd percentile since 2021), with put vol at 46.9% versus 35.5% for calls, showing traders are paying up for downside risk.

BITCOIN ETF INFLOWS HIT HIGHEST LEVEL SINCE MAY Bitcoin ETFs attracted +$900 million in inflows last week, the largest weekly inflow since early May, up sharply from +$197 million the week prior. At the current pace, July is on track to be $IBIT’s biggest month since April and its third-largest monthly inflow of the year, signaling renewed institutional demand for Bitcoin.

ILLINOIS SUED OVER DIGITAL ASSET TAX ACT The Digital Chamber has filed a lawsuit seeking to block Illinois’ Digital Asset Tax Act, arguing the measure unfairly taxes digital asset transactions based on how ownership is recorded or transferred. The group says the provision was added to the state budget the night before the final vote without a public hearing or debate, applies regardless of whether investors realize gains, and could extend beyond crypto to certain AI and cloud-based transactions. The tax is scheduled to take effect in January 2027.

GALAXY LAUNCHES $5M BITCOIN QUANTUM READINESS INITIATIVE Galaxy has launched the Bitcoin Quantum Readiness Initiative, committing up to $5 million in developer grants to help prepare Bitcoin for future quantum computing threats. The program also includes ongoing research through Galaxy Research and a Quantum Advisory Council of leading experts. While no quantum computer today can break Bitcoin’s cryptography, Galaxy argues Bitcoin’s slow, consensus-driven upgrade process means work on post-quantum protections should begin well before the threat becomes imminent. Grant funding will support quantum-resistant upgrade proposals, post-quantum signature schemes, wallet migration tools, and security audits.