๐ฏ๐ต BREAKING: Japan's stock market has erased $400B in value as the Nikkei tumbles over 10% from its June record high,
officially entering a technical correction after another 4% drop today. ๐
WOW: ๐บ๐ธ Odds of the U.S. Senate voting on the CLARITY Act before the August recess have surged to 79%.
A Senate vote could mark a major step toward clearer U.S. crypto regulations and provide long-awaited certainty for the digital asset industry.
#Bitcoin#Crypto#CLARITYAct
๐ฅBREAKING: ๐บ๐ธ U.S. Initial Jobless Claims came in at 208K, beating expectations of 217K.
The lower-than-expected reading signals continued strength in the U.S. labour market and could influence expectations for future Federal Reserve policy. ๐
๐จ LATEST: ARK Invest has challenged a16zโs view that traditional finance will favour permissioned blockchains over DeFi,
arguing institutions will increasingly adopt public blockchain infrastructure.
JUST IN: ๐บ๐ธ Tomorrow, July 17, the US House Financial Services Committee will hold a field hearing on how the CLARITY Act can drive financial innovation.
๐จ Bitcoin Ownership Leaderboard.
Satoshi Nakamoto still tops the list with an estimated 1.1 million BTC, followed by Coinbase (970,000 BTC), Strategy (843,775 BTC), and BlackRock (732,995 BTC)โshowcasing Bitcoin's biggest known holders. ๐ ๐
๐ฅ BULLISH: BlackRock CEO Larry Fink says excessive leverage in Bitcoin and crypto has been washed out, bringing greater stability at current levels.
He added that he is โvery bullishโ on markets over the next 12 months.
๐บ๐ธ U.S. PPI Inflation Data drops today at 8:30 AM ET.
Producer Price Index (PPI) is a key inflation gauge that can influence Federal Reserve policy expectations, Treasury yields, and risk assets like Bitcoin and stocks.
Markets will be watching closely for potential volatility.
๐ฏ๐ต Japan moves one step closer to Bitcoin ETFs.
Japan's financial regulator is advancing crypto ETF discussions, signalling growing institutional support for Bitcoin. ๐
#Bitcoin#Crypto#japan