Jul 25, 2026 · Crypto & Web3 Daily Digest

A roundup of crypto, regulation, and Web3 headlines for Jul 25, 2026, with summaries, links, and commentary.

I. Regulation & Policy

1. Fidelity Joins Industry Groups Pushing Senate CLARITY Vote Before August Recess (Regulation)

Summary:

On Jul 25, 2026, Cointelegraph and others reported that Fidelity — with about $7.1 trillion in managed assets — publicly urged the U.S. Senate to pass the Digital Asset Market Clarity (CLARITY) Act, arguing clearer rules would strengthen investor confidence, give market participants certainty, and reinforce U.S. leadership in global crypto markets. Earlier the same day, the Crypto Council for Innovation, the Digital Chamber, and the Blockchain Association sent a joint letter to Majority Leader John Thune and Minority Leader Chuck Schumer calling for a floor vote before the August recess. The bill needs 60 votes; Republicans hold a 52–47 majority, while some Democrats still say ethics provisions are too weak. Advocates warn that missing the recess window could push consideration closer to the 2026 midterms and complicate passage.

Links:

• Cointelegraph — Fidelity joins push for Senate passage of CLARITY Act
• Cointelegraph — Crypto Today: Ether ETF streak ends, CLARITY Act push grows

Commentary:

Traditional asset-management weight is now on the calendar fight — the binding constraint is assembling 60 votes before recess, not another round of messaging.

2. Wise to Resubmit OCC National Trust Charter Under GENIUS Framework After AML Rejection (Stablecoins / Charters)

Summary:

Cross-border payments firm Wise said it will file a new U.S. national trust bank charter application under the GENIUS Act framework after the OCC denied its prior bid in a Jul 21 letter; Cointelegraph updated the story on Jul 25 with the company’s response. The OCC cited significant supervisory and compliance concerns, including AML/CFT program deficiencies, and incompatibility with evolving Federal Reserve policies on payment-system master account access. Wise said it has addressed feedback and obligations tied to a July 2025 multistate consent order and still maintains a constructive relationship with the OCC. William Blair analysts said the pivot need not imply a major shift into issuing stablecoins — Wise remains focused on cheaper cross-border rails. Federal agencies recently missed the GENIUS implementing-rule deadline, making the statutory Jan 18, 2027 backstop the more likely planning date.

Links:

• Cointelegraph — Wise to resubmit US charter application under GENIUS Act
• The Block — Wise plans to resubmit national trust bank application under GENIUS Act framework

Commentary:

With GENIUS law on the books but final rules lagging, charter seekers are probing pathways — settlement and compliance access matter more than a near-term “issue a coin” narrative.

II. Markets & Major Assets

3. Bitcoin Slips Below ~$64K as Treasury Yields Rise and Risk Appetite Softens (Markets)

Summary:

On Saturday, Jul 25, multiple sources showed Bitcoin breaking below $64,000, trading near about $63,900 on venues such as Binance, with 24-hour losses roughly 1.3%–2.3%; Ether held near about $1,830–$1,860 under similar pressure. Broader crypto market capitalization was reported down about 1%–2% toward roughly $2.2 trillion, while the Crypto Fear & Greed Index printed around 27 (Fear). Trading firm Mosaic and others linked selling to higher U.S. Treasury yields (two-year yields cited near 4.31%), which lift risk-free returns and squeeze speculative assets; CryptoQuant-linked commentary also noted weak exchange stablecoin inflows versus longer-run averages. Technicians are watching whether the $63,000–$64,000 demand zone holds.

Links:

• Blockonomi — Bitcoin slides under $64K amid rising Treasury yields
• Economic Times — Bitcoin stays near $64K as weak risk appetite keeps crypto under pressure

Commentary:

Pricing power still sits with yields and risk budgets, not on-chain narratives — defending the low-$60Ks matters more than weekend sentiment prints.

4. Trump Pauses Iran Strikes After Oil Tops $100; Crypto Already Shed ~$80B in Market Cap (Macro)

Summary:

On Jul 25, CryptoBriefing reported that President Trump paused U.S. military strikes on Iranian-related targets after about 13 consecutive nights of operations near the Strait of Hormuz, opening a diplomatic window while keeping force options if talks fail. The strait handles roughly one-fifth of global oil supply; crude was reported above about $100 per barrel for the first time since May 2026. During the escalation, Bitcoin fell about 2.3% from near $65,500 to below $64,000, and total crypto market capitalization shed roughly $80 billion. Prediction markets put only about a 14% chance of related blockade relief by Jul 31, and about 50.5% odds of some resolution by Aug 31. Reporting also cited nearly $500 million in crypto assets linked to Iranian entities seized in U.S. sanctions enforcement.

Links:

• CryptoBriefing — Trump pauses Iran strikes as Bitcoin drops 2.3% and oil tops $100
• Cointelegraph — Ethereum ETFs end streak; BTC under $64K as yields rise

Commentary:

A pause is a sentiment valve; oil-driven inflation and rate expectations remain the medium-term constraint on crypto risk appetite.

III. Institutions & ETFs

5. Spot Ether ETFs End Five-Day Inflow Streak With ~$70.6M Friday Outflows; Bitcoin ETFs Shed Another ~$240M (Institutions)

Summary:

Per SoSoValue data reported by Cointelegraph on Jul 25, U.S. spot Ether ETFs logged about $70.62 million in net outflows on Friday (Jul 24), ending a five-day inflow streak that had brought roughly $211.25 million from Jul 17 through Thursday; funds still posted about $103.9 million of weekly net inflows and about $337.74 million month-to-date in July. Spot Bitcoin ETFs, after ending a seven-day inflow streak on Thursday, recorded another about $240.08 million in Friday outflows; they still added about $103.90 million for the week and about $233.96 million so far in July (after roughly $4.5 billion of June outflows). At the time of reporting, BTC traded just under $64,000 (weekly high about $66,892) and ETH near $1,837 (weekly high about $1,954).

Links:

• Cointelegraph — Ethereum ETFs end 5-day inflow streak with $70.6M outflows
• CryptoBriefing — Bitcoin, Ethereum ETFs see $240M and $71M net outflows on July 24

Commentary:

Daily redemptions broke the streak narrative, but weekly and July-to-date flows remain net positive — more rebalancing than a confirmed institutional exit.

IV. DeFi & Protocols

6. Tokenized RWAs Become Hyperliquid’s Largest Category: ~$25.1B Weekly Volume, ~52% Share (DeFi / RWA)

Summary:

Coverage through Jul 24–25 highlighted that on perpetual DEX Hyperliquid, tokenized real-world assets (RWAs) generated about $25.1 billion in volume from Jul 13–19, or about 52% of the platform’s about $48.2 billion weekly total — the first time RWAs exceeded all other categories combined (Blockworks). ARK Invest digital-assets research director Lorenzo Valente said Hyperliquid’s RWA market alone topped the combined crypto perpetual volume of every other DEX; later rolling figures cited about $26 billion and roughly 54% share. RWA.xyz data showed RWA holders up about 32% over the past month to about 1.25 million, with tokenized RWA value up about 3.5% to about $36.7 billion. DefiLlama put Hyperliquid’s weekly revenue near $7.6 million, third among crypto apps behind Tether and Circle. Circle co-founder Jeremy Allaire called the shift a “major structural” change in crypto markets.

Links:

• Cointelegraph — RWAs become Hyperliquid’s largest trading category
• CryptoBriefing — Tokenized RWAs become largest market on Hyperliquid

Commentary:

Perp-DEX volume is rotating from crypto-native speculation toward tokenized traditional risk — expect sharper regulatory and TradFi 24/7 competition narratives next.

7. Robinhood in Talks to Add Crypto.com Prediction Markets Alongside Kalshi Stack (Products)

Summary:

The Wall Street Journal, relayed by The Block and others around Jul 24–25, reported that Robinhood is in talks with Crypto.com to add the exchange’s event contracts to Robinhood’s prediction-markets hub, letting users trade Crypto.com contracts inside the Robinhood app; no deal is guaranteed. Robinhood already sources contracts from Kalshi, Interactive Brokers’ ForecastEx, and Rothera — a CFTC-licensed venue it invested in — and said it intends to keep working with multiple exchanges for breadth and resilience. Crypto.com launched its U.S.-focused standalone prediction platform OG in February, powered by Crypto.com Derivatives North America.

Links:

• The Block — Robinhood in talks to add Crypto.com prediction markets: WSJ
• Cointelegraph — Crypto Today brief: Robinhood–Crypto.com prediction markets

Commentary:

Brokerages are turning prediction markets into multi-venue liquidity aggregation — the product layer is blurring crypto derivative brands and traditional event contracts.

V. Security & Enforcement

8. North Korea Arrests Hackers Accused of Stealing From State Banks and Laundering via Crypto (Security / Enforcement)

Summary:

On Jul 25, CoinDesk and others amplified a Daily NK report that North Korean authorities arrested former military hackers/IT specialists accused of breaching the Central Bank of the DPRK and the Foreign Trade Bank, diverting foreign-currency and state trade funds into overseas crypto wallets, then converting proceeds to cash via Chinese brokers. Methods allegedly included small-split transfers, encrypted messaging, and unregistered phones. The National Intelligence Agency reportedly raided a Pyongyang safe house on the night of Jul 12. Separately, TRM Labs-linked figures cited for H1 2026 attribute roughly 66% of global crypto hack/scam losses (about $643 million) to North Korea–linked groups. The twist here is an internal purge of state-trained operators targeting domestic banks, not a typical overseas exchange exploit.

Links:

• CoinDesk — North Korea arrests hackers accused of laundering stolen bank funds through crypto
• Daily NK — North Korea busts elite bank hacking ring

Commentary:

Crypto remains the laundering rail, but the victim is the domestic treasury — on-chain tracing tools cut both ways for sanctions cases and internal graft.

Today's Summary

• Regulation: Fidelity plus three advocacy groups intensify the push for a pre-August CLARITY Senate vote; Wise pivots to a GENIUS-framed OCC reapplication as stablecoin final rules lag.
• Markets: Bitcoin loses the ~$64K handle amid higher yields, $100 oil, and a fragile Iran pause; Fear & Greed near 27.
• Flows: Friday spot ETH ETF outflows of ~$70.6M and BTC ETF outflows of ~$240M snapped inflow streaks, though weekly and July-to-date totals remain net positive.
• Structure & risk: Hyperliquid RWA volume exceeding half of weekly trading reframes DEX activity; North Korea’s internal bank-hacking arrests underline crypto’s dual use in illicit finance.

Daily Framing:

A legislative sprint collided with a macro-and-flows pressure day — Wall Street and lobbyists race the recess clock while prices and ETF redemptions show yields and geopolitics still set weekend risk pricing.

This digest is compiled from real-time search results and is for reference only.