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🚨THE BIGGEST NAMES IN FINANCE ARE BACKING THE CLARITY ACT
BlackRock, Charles Schwab, Fidelity, Goldman Sachs, and Grayscale, the financial institutions managing over $30 TRILLION in combined assets, have all backed the bill ahead of the August recess.
🚨BRENT OIL SURGES 20% AS HORMUZ CONFLICT IS BACK IN FOCUS
WTI crude is up 10% since yesterday, breaking above $75. Brent is now near $80, extending its surge to almost 20% in just two days.
Trump said the U.S. may “do some things” that could push oil prices higher.
Meanwhile, Iran threatened to close the Strait of Hormuz if struck, putting the world’s most important oil chokepoint back on the market’s danger radar.
⚡️BREAKING: Iran has suspended talks on a final settlement with the United States, per TASS.
Citing a senior Iranian official, the official blamed direct threats from President Trump against the Iranian people and accused the U.S. of repeatedly violating its commitments.
🚨TRUMP SAYS HE IS IRAN’S “NUMBER ONE TARGET”
President Trump says he believes he is Iran’s top target as tensions between Washington and Tehran escalate.
🚨XRP FIRST CRYPTO TO SPONSOR COLLEGIATE SPORTS
The company is now an official sponsor of Kansas Jayhawks sports, a deal tied to CEO Brad Garlinghouse’s alma mater.
As part of the sponsorship, an $XRP patch will be placed on team jerseys, the first crypto firm to do so.
🚨BRUTAL: SPOT BITCOIN ETFS HAVE LOST $4 BILLION IN THEIR WORST MONTH ON RECORD
Investors have pulled $4.06B from spot Bitcoin ETFs in June, the largest monthly outflow since the products launched in January 2024.
That beats the previous record of $3.56B in February 2025.
Last week alone saw $1.79B in outflows, the second-largest on record.
📈 $14T BLACKROCK JUST SAW ITS BIGGEST BTC OUTFLOW EVER
BlackRock deposited 7,432 $BTC ($446M) into Coinbase Prime, marking its largest single-day net Bitcoin outflow on record in BTC terms.
It also moved 8,150 $ETH worth about $13M.
This comes after its spot BTC ETF $IBIT saw $1.3B in outflows last week, its 2nd-largest weekly redemption since launch.
Bespoke data suggests the average IBIT investor is now down around 40%.
🚨BREAKING: STRATEGY AUTHORIZES UP TO $1.25 BILLION IN BITCOIN SALES
Strategy has authorized a “BTC Monetization Program” that allows it to sell Bitcoin to fund its $2.55 BILLION USD Reserve and cover preferred stock dividends.
The company also authorized $1 BILLION buyback programs for both its preferred securities and MSTR common stock.
Saylor says Strategy “remains committed to Bitcoin as its primary treasury reserve asset.”
🇪🇺 EUROPE'S CRYPTO LICENSING DEADLINE HITS WEDNESDAY
From July 1, unlicensed platforms must stop serving EU users.
Any platform without a CASP licence must cease EU operations or risk fines and prosecution.
Just over 200 crypto firms including Coinbase, Kraken, OKX and Crypto .com have managed to secure a license.
⚡️UPDATE: STRATEGY STOCKS JUMP PREMARKET
$MSTR is up 6% to $87.38 premarket after Strategy announced its new Digital Credit Capital Framework.
$STRC is also up 9.6% to $81.75 premarket after it raised its preferred dividend rate to 12%, effective July 1.
🚨CLARITY ACT PASSING ODDS DROP TO 50%
Galaxy Research cut its 2026 odds for the CLARITY Act passing to 50%, down from 60%, citing a tight Senate calendar rather than weaker bipartisan support.
Polymarket is pricing the odds even lower at 44%, while 4,000 community banks warn the bill’s stablecoin rules could drain $1.3 TRILLION in deposits.
🇺🇸LATEST: TWO-WEEK RACE TO PASS THE CLARITY ACT UNDERWAY
With the Senate in recess until July 13, the White House, Senate staff, and industry leaders are racing to resolve the final roadblocks holding up the Clarity Act, per Eleanor Terrett.
The bill is expected to head to the Senate floor later in July, but it still needs 60 votes, making Democratic support and a White House-backed compromise CRITICAL.
🚨CZ: “I DON’T UNDERSTAND STRC FULLY”
CZ says he took “multiple attempts” to understand Strategy’s $STRC, commenting it may be “too complex.”
He also said Bitcoin may not be the BEST asset for leverage because of its volatility, and that the market overreacted when Strategy sold BTC:
“At some point, he’s gotta sell some Bitcoin.”
🚨UPDATE:🇺🇸US PENTAGON WAITED FOR THE MARKET TO CLOSE BEFORE REVEALING IRAN STRIKES
The U.S. Pentagon reportedly waited until after the stock market closed at 4:00 PM ET on Friday to publicly announce the strikes on Iran, per NBC News.
Officials said the timing was intended to "minimize the immediate impact on financial markets."
🐋 UPDATE: A crypto whale was liquidated for $75 million in $BTC and $XRP positions, leaving the account down $8.2 million all-time with just $1.6 million remaining.
⚡️ NEW: Bitcoin futures leverage has significantly reset following June’s correction, with Open Interest falling faster than BTC’s price, according to CryptoQuant analyst.
🔥 LATEST: Glassnode’s Altcoin Cycle Signal has returned to Altcoin Season territory, driven primarily by Bitcoin’s recent decline while altcoin selling pressure continues to ease.