Last week, the United States encryption industry was accompanied by regulatory push, institutional expansion and security disturbances. The Senate did not move the Digital Asset Market Clarity Bill to a vote on the August window, but the bill did not end and is expected to be discussed again after the parliamentary session in September. Meanwhile, Wall Street continued to expand its investment in encryption products and infrastructure, while the Bitcoin market saw a parallel between business sales and the growth of giant whales.

United States legislation suspended until September

The Digital Asset Market Clarity Bill failed to reach a procedural vote before the Senate adjourned in August. The market would have expected the bill to move forward more quickly, but at this point it would have been more advantageous to wait until September to regain support than to fail after a hasty vote.

The article mentions that the United States encryption policy is advancing along two lines. On the one hand, Congress is still discussing broader market structure legislation; on the other hand, the United States Securities and Exchange Commission and the Commodity Futures Trading Commission have begun to advance rule-making within existing jurisdictions.

However, the regulation itself was not well. The SEC has postponed the original “innovation exemption” for monetized securities because of concerns about the White House and Wall Street, which might interfere with Congress’s negotiations on the Clarity bill.

The company sells it with giant whales.

The bitcoin market released contradictory signals last week. Strategy sold 1,690 bitcoins and financed $653 million through the sale of common shares. According to the article, this company has accumulated about 7,000 bitcoins this year, contrary to its long-standing insistence on “no-sellers” in the past.

The Trump media has also revealed pressure for a currency strategy. Its parent company recorded $360.6 million in losses relating to digital assets and related pledged assets during the first half of the year, most of which were unrealized losses. By the end of June, the company held 9,477 bitcoin, down from 9,542 at the end of March.

Mining also constitutes marginal pressure. According to the article, a total of about US$ 17.80 billion in marketed bitcoin mining companies were under pressure.

  • Holding more than 10,000 BTC wallets up to six months high
  • Part of the hedge fund is in a more multidimensional position in CME
  • Metaplanet denied the sale of bitcoin after a large transfer.

Wall Street continues to select sex additions.

Although some of the “bitcoin treasury” model has begun to contain, traditional financial institutions have not slowed down their investment in encryption but have chosen to concentrate more.

Fuda plans to add pledge and quarterly distribution mechanisms to its YETF, which is close to $900 million. Under the proposal, the Fund would receive pledge proceeds, of which 85 per cent would remain in the Fund and 15 per cent would be paid to service providers.

Goldman Sachs agreed to purchase Neos at $2.25 billion to expand its distribution in the derivative ETF area and to gain a bitcoin-receiving product exposure. In the area of currency stabilization, the completion of the $1.8 billion acquisition of BVNK shows that the traditional payment companies are accelerating the deployment of the currency stabilization infrastructure.

However, not all encryption products are treated equally by institutions. The greyscale has abandoned the ETF schemes related to Cardano, Polkadot and Hedera, and none of these products have been valid or have been sold on securities.

The Coldcard incident led to a massive transfer.

The flow of bitcoin, which is of greatest interest in the chain, does not necessarily come from sales. According to Glassnode data, about 210,000 bitcoins were transferred out of long-term holders ' wallets, the largest since December 2024. According to the article, the transfer was linked to an unauthorized attack on Coldcard ' s offline wallet.

Some of the affected users have transferred bitcoin to the newly generated wallets, while the other part may be diverted to the regulated custodian or spot ETF. During the same period, the United States spot in bitcoin ETF attracted about $754 million in inflows.

The Bitcoin network itself also experienced a brief split. The controversial splits related to BIP-110 stopped after only two blocks had been dug out, as the new chain inherited the original mining difficulties of Bitcoin, but with a very low level of calculation, which led to a significant slowdown in the pace of the block.

Additional information:The article also mentioned that Bybit had indicted North Korea, the General Reconnaissance Directorate and Lazarus Group for past year ' s $1.5 billion hacking, indicating that national cyberattacks remained an important source of risk for the encryption industry.