Crypto Weekly 7/26/26

The Senate's Clarity Act Nears a Final Vote With an Ethics Clause, Telegram Brings Non-Custodial Wallets to a Billion Users, and BitMEX Shuts Down After 11 Years

PRICE CHANGE: WTD/YTD

- Crypto Market Cap ($2.28T): +1% / -25%
- BTC ($64,720): 0% / -26%
- ETH ($1,912): +2% / -36%
- SOL ($75): -1% / -39%
- HYPE ($59): -3% / +132%
- COIN ($161): +3% / -29%
- Tether Mkt Cap ($184B): 0% / -2%
- USDC Mkt Cap ($73B): -1% / -5%
- BTC / ETH Dominance: 57% / 10%

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THIS WEEK IN CRYPTO

- The Senate’s latest version of the Clarity Act includes software developer protections and a revised ethics provision with a sunset date in 2029, clearing what are expected to be the final hurdles before a Senate vote. The bill would prohibit public officials from issuing or sponsoring digital assets, though they would still be permitted to invest in cryptocurrencies. It also establishes a safe harbor for non-custodial software developers, clarifying that they are not considered money transmitters. Link. Link. Link.

- The London Stock Exchange will introduce all-day trading, five days a week, in 2027 starting with ETFs. Link. Link.

- BNY plans to introduce tokenized Treasuries on its private blockchain by the end of 2026, as it aims to support 24/7 settlement and an “always-on” Treasury market. Link.

- Tokenized real-world asset (RWA) perps have grown from $85 billion in January to $470 billion in June, with tokenized equities proving more popular than tokenized commodities. Link.

- Telegram is rolling out a native non-custodial wallet to more than 1 billion users on the app. The Gram wallet will offer instant, zero-fee crypto transactions. Link. Link.

- Decentralized exchange Hyperliquid plans to introduce prediction markets to the protocol with its upcoming HIP-4 upgrade. Once live, anyone will be able to offer a prediction market on the platform, subject to templates approved by validators. Link.

- Crypto exchange BitMEx will close permanently in September after an 11-year run. Link.

- Jack Dorsey announced “Buzz,” an open-source, decentralized AI-native workspace for human and agent teams built on the Nostr protocol.. Link.

- Russia passed a landmark crypto bill opening the market to retail investors, though crypto remains banned for domestic payments. Link.

- Robinhood is considering adding Crypto.com’s event contracts to its prediction markets hub. The platform currently supports Kalshi bets. Link Link.

- Robinhood CEO Vlad Tenev’s X account was compromised, with the hacker pushing a “Vladhood” memecoin scam. Link.

- The crypto industry directly employs 34,000 people in the US and is expected to contribute more than $55 billion to US GDP in 2026. Link.

- The SEC agreed to pay $150,000 in legal fees to end Coinbase’s 2024 lawsuit seeking internal documents from the regulator on its Biden-era crackdown on the crypto industry. The agreement ends a two-year FOIA legal battle that uncovered lost internal communications at the agency related to its crypto policies. Link. Link.