White House Targets July 4 for Clarity Act Passage

Harvard University's endowment invested in Ethereum through BlackRock's iShares Ethereum Trust, while reducing its exposure to Bitcoin by selling shares of the iShares Bitcoin Trust. The move may be related to market dynamics rather than sentiment, as Bitcoin's price dropped significantly last quarter.

Standard Chartered has reduced its XRP price forecast by 65%, revising it from $8 to $2.80 due to recent market challenges. The bank also adjusted its predictions for Bitcoin, Ethereum, and Solana, anticipating further declines in the crypto market.

Animoca Brands has been granted a Virtual Asset Service Provider (VASP) license by Dubai's Virtual Assets Regulatory Authority (VARA), allowing the company to offer broker-dealer and asset management services to institutional and qualified investors in and from Dubai. This move aligns with the region's efforts to establish regulated infrastructure for digital assets.

Strategy, with 714,644 BTC worth $49.3 billion, can handle a Bitcoin price drop to $8,000 and cover its $6 billion debt. The company plans to convert debt to equity to manage financial obligations spread over 2027-2032.

Leverage in the crypto market is increasing as Bitcoin remains stagnant, with traders hoping for a breakout rally. Retail activity and speculation are on the rise, indicated by widening futures basis and rising funding rates on major exchanges.

OpenClaw, the AI assistant created by Peter Steinberger, attracted acquisition offers from Meta and OpenAI. Despite facing challenges like crypto scams, Steinberger insists on keeping the project open-source to maintain its integrity and impact.

Karin, a victim of financial abuse, faced challenges depositing cash due to anti-money laundering laws and lack of account ownership. Crypto empowered her during a contentious divorce, allowing her to stand up for herself and her children's financial stability.

BIP 360, merging into the Bitcoin Improvement Proposals GitHub repository, introduces Pay-to-Merkle-Root to address quantum computer risks. The proposal aims to disable key-path spending, a vulnerability in Taproot, while preparing for post-quantum signature schemes in future soft forks.

Bitcoin and Ethereum have experienced significant drops from their previous all-time highs, with Bitcoin falling over 29% in the last month. The Clarity Act, if passed by the U.S. government, is believed to bring stability to the crypto market by providing clarity on regulations. Treasury Secretary Scott Bessent emphasized the importance of passing this bill soon.

The impasse over stablecoin yields in the U.S. Senate's crypto market structure bill continues, with the Digital Chamber defending the need for rewards for stablecoin users. Despite efforts to find a compromise, the banks remain firm on their stance against stablecoin yields.