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According to CME FedWatch, the Federal Reserve has a 62.1% probability of leaving its benchmark interest rate unchanged at the July Federal Open Market Committee meeting, while the probability of a 25-basis-point hike stands at 37.9%.

SMALLCAP World Fund, a Capital Group fund with $3.3 trillion in assets under management, bought an additional 481,772 shares of Bitcoin treasury company Strive (ASST), according to a post on X from bitcointreasuries.net. The additional purchase was worth about $5.52 million. The fund now holds a total of 2.93 million Strive shares valued at about $33.62 million.

Bitcoin Policy Institute has been selected as a partner in the U.S. State Department's Freedom Tech Excellence Program, The Block reported. The program aims to protect freedom of expression online and address issues including online surveillance and encryption through cooperation between the State Department and private-sector participants. Bitcoin Policy Institute was selected alongside partners including Palantir and Anduril.

Robinhood Chain's total stablecoin supply has surpassed $400 million, up 340% from early July, Unfolded reported.

US stocks close mixed The three major U.S. stock indices closed mixed today. - S&P 500: +0.05% - Nasdaq: -0.64% - Dow Jones: +0.45%

Coinbase announced Chief People Officer Lawrence Brock will step down on Aug. 17, according to BeInCrypto. Brock is expected to remain in an advisory role at Coinbase through Nov. 30. The reason for the departure was not disclosed. In May, Coinbase announced plans to cut 14% of its workforce, and Brock was known to have led that restructuring as well as the 2022 hiring freeze and the withdrawal of job offers.

On-chain analytics firm Santiment said the ratio of negative to positive comments on Ethereum across major communities including X, Reddit and Telegram hit extremely bearish levels three times over the past month. Santiment said this could appear negative on the surface, but in Ethereum’s case, such sharp deterioration in investor sentiment has coincided with price weakness and has instead pointed to buy-the-dip opportunities. Following the previous two sentiment slumps, ETH rebounded by about 14% and 7%, respectively, according to Santiment. Santiment added this does not mean negative sentiment automatically leads to an immediate price rebound. Still, if fundamentals such as ETF inflows, activity in the Layer 2 ecosystem and protocol upgrades remain intact even as market participants exit, conditions could form for a price recovery, the firm said.

Cardano founder Charles Hoskinson said Cardano’s strength over Bitcoin lies in its ability to keep evolving the network. In an interview with The Block, Hoskinson added that if a quantum-computing catastrophe occurs, Satoshi Nakamoto’s long-dormant Bitcoin holdings could be exposed and undermine Bitcoin’s core value. If Bitcoin governance cannot respond, he said, it may be difficult for Bitcoin to remain the world’s top cryptocurrency.

The Crypto Council for Innovation, The Digital Chamber and the Blockchain Association urged the U.S. Senate to prioritize floor consideration of the CLARITY Act, according to Cointelegraph. In a letter to Senate Majority Leader John Thune and Democratic Leader Chuck Schumer, the groups said they recognized that constructive bipartisan negotiations on the bill were continuing and hoped those discussions would continue.

With the Fraternal Order of Police, the largest U.S. police union, expressing support for the latest CLARITY bill, Coinbase CEO Brian Armstrong said law enforcement had acknowledged the legislation would strengthen its enforcement tools.

The U.S. Office of the Comptroller of the Currency denied payments company WISE’s application to establish a national trust bank, and the company said it plans to submit a new application under the GENIUS Act’s stablecoin framework. The OCC rejected WISE’s application over shortcomings in its anti-money laundering standards.

KULR Technology, a New York Stock Exchange-listed company known as a Bitcoin accumulation firm (DAT), said it sold 333 BTC to fully repay a $20 million credit facility from Coinbase. The company now holds a total of 760 BTC.

KillaXBT, a cryptocurrency analyst known for accurately predicting Bitcoin’s 2025 peak, said Bitcoin’s cycle durations are getting shorter. In a post on X, KillaXBT said the last cycle took just 476 days from the bottom to a new all-time high, a much faster pace than in the previous two cycles, and added BTC could reach a new high before the next halving.

Coinbase Chief Policy Officer Faryar Shirzad said policymakers should not let the pursuit of perfection get in the way of a good outcome and that now is the time to pass the CLARITY Act, Cointelegraph reported.

The Fraternal Order of Police, the largest police union in the U.S., has expressed support for the latest CLARITY bill. The group said Section 604 of the Blockchain Regulatory Certainty Act, or BRCA, amendment incorporated into the CLARITY Act had addressed its previous concerns over law enforcement authority and would not hinder officers' investigations into crypto-related illegal activity.

Coinbase Institutional and Glassnode released a joint report that maintained a neutral outlook for the cryptocurrency market in the third quarter of this year. The report said the crypto market capitalization excluding stablecoins fell about 12% in the second quarter, while stablecoin supply reached a record high. It added that on-chain data suggests Bitcoin may be shifting from a correction phase into an accumulation phase. Signs of that transition include compressed valuations, active supply nearing multiyear lows, and the share of supply in profit falling below its historical lower bound. The report cautioned, however, that the macro liquidity backdrop remains tight. Under Kevin Warsh, the U.S. Federal Reserve has maintained a hawkish stance, while geopolitical risks, selling pressure from companies holding cryptocurrencies, and net outflows from spot BTC and ETH ETFs in the first half, with the pace of outflows now slowing, are also weighing on the market. Overall caution is warranted, according to the report.

White House crypto council Executive Director Patrick Witt pushed back after U.S. Democrats argued the ethics provisions in the Republican-backed CLARITY Act were insufficient. In an interview with CoinDesk, Witt said the ethics clause was exactly what Democrats had asked for, President Donald Trump had agreed to accept limits on his actions, and no previous president had done so. Witt added Democrats were now seeking even stricter constraints on Trump and said, "You can't hit two home runs with one swing."

World Foundation has raised $52.5 million through a token sale, The Block reported. The sale was led by Pantera Capital, with participation from Bain Capital Crypto, Ateko Holdings, Celini Capital and Susquehanna Crypto. All tokens are subject to a one-year lockup, and the funds will be used to expand World ID technology for businesses, consumers and AI agents.

LMAX Group, a cryptocurrency trading platform for institutional investors, is pursuing a sale and an initial public offering, with Morgan Stanley and others selected as underwriters. The company could be valued at as much as $5 billion, according to CoinDesk.

UAE-based digital asset manager Kinetic Group said it plans to buy up to 10% of FLUID’s supply on the open market, worth about $11.69 million at current prices. According to a proposal posted on the Fluid governance forum, Fluid and AGI3, a platform under Kinetic Group, plan to form a strategic partnership to jointly develop the DeFi market for institutional investors. The main targets include traditional finance institutions such as sovereign wealth funds, banks, family offices, and asset managers. Alongside Kinetic Group’s investment, the Fluid Foundation plans to allocate 5% of FLUID’s total supply to support institutional custody adoption. According to CoinMarketCap, FLUID was trading at $1.16, up 9.5%, at the time of writing.

Major exchanges have seen $114 million worth of futures liquidated in the past hour. In the past 24 hours, $333 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $64,000. BTC is trading at $63,984.61 on the Binance USDT market.

Bitcoin would likely rise sharply if a quantum-resistant roadmap is announced, according to Charles Edwards, founder of crypto investment firm Capriole Investments. In an interview with Cointelegraph, Edwards said Bitcoin developers need to set aside pride and present a clear plan to protect the blockchain from quantum computers. If the core team makes that decision and unveils a roadmap, BTC would likely climb quickly, he said. Edwards added that an immediate Bitcoin gain following the release of a quantum-resistant roadmap would likely be in the double digits, or more than 10%. He also said Bitcoin is currently trading around 40% below its fair value based on the energy value consumed in mining, suggesting the quantum-computing threat is creating about a 30% discount.

Cardano (ADA) has emerged as one of the fastest-growing blockchains in the real-world asset tokenization market, The Crypto Basic reported. According to data released by the RWA Foundation, citing Token Terminal, the value of RWA assets on the Cardano network rose 23.1% over the past 30 days to $55.3 million. While its market size remained smaller than rival networks, its growth rate was faster. Avalanche posted 22.6% growth, Sonic 22.1%, Fraxtal 18.4%, and BNB Chain 16.5%. Only four networks recorded a higher growth rate than Cardano: Robinhood Chain, Tempo, Monad, and Plume Network.

The three major U.S. stock indices opened mixed today. - S&P 500: +0.07% - Nasdaq: -0.12% - Dow Jones: +0.17%