Happy Wednesday!

Bitcoin shattered the $65,000 resistance with a 6% ripper after the Treasury announced buybacks today. What is going on?

The CLARITY Act is not very likely to pass this year if you believe prediction markets. But that’s not what Tim Scott says — here’s why he sees an opening for it in September.

Plus, the people who look like they know something usually are not smarter than you. They are reading the same filings, the same disclosures, the same tape. They are just reading it somewhere it has already been gathered and sorted.

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TOP STORY

Bitcoin, Ethereum, XRP Explode Over 6% Higher: Treasury's Move Will Send 'Inflation Soaring,' Peter Schiff Warns

Bitcoin ripped 6% after the U.S. Treasury doubled its long-term bond buyback operations, a move traders are reading as “QE Lite” and a fresh liquidity signal for hard assets.

The announcement pushed long yields lower, weakened the dollar and sent gold to its highest level since June — exactly the kind of backdrop that has historically helped crypto catch a bid.

BTC cleared its three-month range ceiling and now has $65,800 as the must-hold support, with the 200-day EMA near $71,468 as the next upside target.

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MARKET MINUTES

Bitcoin volatility has cratered and 8 of 12 capitulation signals have already fired, according to VanEck. Time for BTC to go up?

Cameron Winklevoss says Bitcoin at $65,000 is an ‘unprecedented’ opportunity for buying. Is this latest rally confirmation he’s right?

XRP open interest has hit a two-month now and you can’t help but wonder: is more people being openly interested bullish for XRP?

FINTECH FOCUS

CLARITY Act Has A 'Really Good Shot' To Pass In September, Tim Scott Says

The CLARITY Act is headed for a make-or-break Senate vote on Sept. 15, and Sen. Tim Scott says crypto legislation has a “really good shot” to move forward.

Scott and Sen. Cynthia Lummis argue SEC and CFTC rulemaking isn’t enough because policy can flip with each administration — only Congress can lock in durable market structure for digital assets.

With ethics provisions still being negotiated and regulators waiting in the wings if lawmakers fail, September could decide whether crypto gets a federal framework or another round of agency-by-agency uncertainty.

BENZINGA TRIVIA CHALLENGE

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