Oil prices fell 7% in just 2 hours after Qatar said talks between the US and Iran are still ongoing.
This is good for the markets because if the two countries reach an agreement, there may be fewer supply concerns, which can lower oil prices and reduce inflation worries.
U.S. Senate Majority Leader John Thune says the Senate may vote on the CLARITY Act sometime this week. If passed, it could be an important step toward clearer crypto regulations in the U.S.
Strategy (MSTR) may sell up to $5 billion in Bitcoin if needed to raise cash, pay debts and dividends, and buy back its own shares. This is only a maximum limit, not a confirmation that it will sell all that Bitcoin.
Scott Bessent quoted Bitcoin creator Satoshi Nakamoto to encourage Senate Democrats to stop blocking the CLARITY Act. However, because Congress is about to start its August break, if the bill isn't passed soon, crypto regulations could be delayed until 2027.
@DrProfitCrypto The "Galactic Three" narrative is compelling. If Wall Street's tokenization vision becomes reality, the infrastructure providers could end up being the biggest winners. Interesting long-term outlook. 🚀
@AshCrypto This is massive for crypto adoption. Traditional finance is clearly moving on-chain, and this could be a huge catalyst for tokenization and blockchain infrastructure projects. 🚀
@TedPillows The rate decision itself may be less important than the Fed's forward guidance. A pause is likely priced in, but if the Fed signals a higher chance of future hikes, risk assets could react negatively. Definitely worth watching the statement and Powell's comments closely. 👀
@TedPillows Exactly. $1,900 is holding well, but $2,000 is the key level now. A clean breakout and hold above it would confirm strength; otherwise, we could see this move turn into distribution. 👀
@DrProfitCrypto Well said. Trying to catch the exact bottom is nearly impossible. Building a position gradually in a strong accumulation zone makes much more sense. Patience and DCA are key. Let’s see what the Fed says on Wednesday. 👀
🚨 SEC Chair Paul Atkins says the SEC is ready to create crypto rules even without the Clarity Act.
He said the SEC can make crypto regulations using its current powers if Congress does not pass the Clarity Act.
However, he believes a new law is still important because it would create clear, long-term rules for the crypto industry.
Aave founder Stani Kulechov says the CLARITY Act could be a big boost for crypto. It would allow banks to legally hold, stake, and lend digital assets without needing special approval first.