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CLARITY Act is finally nearing its approval as the White House agreed on an ethics package. Will the updated bill text be released soon?

Michael Saylor criticized BIP-110, arguing that changing Bitcoin’s rules to prevent uses that certain participants dislike would conflict with the network’s libertarian foundations. Is he the Rockefeller for BTC?

Plus, AI, a new Fed chair, a reshaped bond market. The rules of investing are being rewritten in real time. Get the free Cheat Sheet and stay ahead.

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TOP STORY

White House Agrees To Clarity Act Ethics Deal: Is A Senate Vote Finally Coming?

The White House agreed on an ethics package for the Crypto Clarity Act and sent the language to certain Senate Republicans, raising hopes the updated bill text will be released soon.

The countdown is on with only 14 working days remain before senators leave for the August recess.

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MARKET MINUTES

Bitcoin is flashing a macro bottom signal that historically preceded a 675% rally. Analyst identified three conditions on BTC’s monthly chart. Will they align like they did at every major cycle bottom since 2015?

World network token rallied after Grayscale Investments filed to launch the first spot exchange-traded product in the U.S. Will this lead to a new era for the token?

XRP broke out of the symmetrical triangle that contained its entire July consolidation, jumping 3% with the candle body sitting cleanly outside the pattern. Did derivatives data backed the move?

FINTECH FOCUS

Michael Saylor Draws 'Rockefeller' Comparison, Dismisses BIP-110 As 'Monetary Purity By Fiat'

Saylor criticized BIP-110, arguing that changing Bitcoin’s rules to prevent uses that certain participants dislike would conflict with the network’s libertarian foundations.

Investor Fred Krueger compared Saylor to oil magnate John D. Rockefeller, pointing to his relentless Bitcoin accumulation.

Both pursued highly concentrated accumulation strategies.

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