Cryptonews

Key Takeaways

Taylor Barr from the Digital Chamber warns that if the Digital Asset Market CLARITY Act isn’t passed, important new rules designed to protect consumers and fight illegal financial activity won’t be put in place.

Allbridge reported a security breach where hackers stole about $1.65 million worth of cryptocurrency by taking advantage of a weakness in their system that connects different blockchains. They’ve temporarily stopped all activity while they investigate what happened and how much damage was done.

Bitcoin has risen above $65,000 again this month, suggesting renewed confidence in the market after a period of slow growth.

Ryan VanGrack, a top executive at Coinbase, is urging lawmakers to pass the CLARITY Act. He believes it’s important to move forward with the bill – even for those who aren’t enthusiastic about cryptocurrency – as its progress in the Senate has stalled.

President Tinubu’s office announced a new plan to better coordinate how Nigeria oversees digital assets like cryptocurrencies. This plan involves the country’s financial, tax, and investment agencies working together, while still allowing each agency to use its existing legal authority.

In a recent interview with *Markets Media*, Michael Higgins, CEO of Ripple Prime, explained that despite the current downturn in the crypto market, he doesn’t see it as a long-term problem for digital assets. He believes markets are heading towards constant, round-the-clock trading and require reliable blockchain technology to support this shift – which he calls “Wall Street 2.0” – and positions Ripple Prime as a leader in building that infrastructure.

According to CryptoRank, investors finished about 25 funding rounds by July 20th. This shows continued investment activity even though the overall number of deals publicly announced has dropped significantly.

Over the past month, Binance and Bybit – two major cryptocurrency exchanges – have experienced an outflow of almost $2.3 billion in stablecoins. This happened as Bitcoin has hovered around $60,000 and overall trading activity in the crypto market decreased. Investors are withdrawing funds from these platforms, and there isn’t enough money currently available to drive a significant increase in Bitcoin’s price.

The second quarter of 2026 is shaping up to be a complex period for the telecom industry. Several factors, including restructuring costs, the sale of some stores, and items classified as held for sale, will affect the financial results. To help you understand the key takeaways when the earnings are released on July 24th, here’s a quick guide.