News Brief
Published Jul 24, 2026 12:58
News Brief

Bitcoin News - July 24, 2026 at 11:00 AM

Bitcoin News Jul 24, 2026 11:00 Scheduled 11 outlets
120Articles 119Extracted 1Failed 44.2mRuntime

Top of Mind

Bitcoin slid from seven-week highs near $67K to $64,600 intraday Thursday after US-Iran escalation pushed Brent crude above $100, spiked 10-year Treasury yields to 18-month highs, and moved July Fed hike odds from ~12% to ~40% in one week. The macro hit snapped a 7-session, ~$1B ETF inflow streak with $225M in outflows. The fundamental tension: onchain signals (Binance 9K BTC net outflow, LTH supply at 60.8%, ~57% supply in profit) point toward a base, while CoinShares, VanEck, and NYDIG each flag no confirmed bottom and potential $38–55K downside. The Clarity Act is the week's second major variable — Goldman CEO Solomon broke from Wall Street to back it, but Democratic ethics objections and deposit-flight opposition from six banking trade groups leave its Senate path uncertain ahead of an August 7 target.

Market Structure

  • BTC traded $64,600–$67K intraday across the week, currently ~$65K; ETF net inflows of ~$1B over 7 sessions reversed Thursday with $225M outflows as Iran risk hit; Fear & Greed sits at 28, "fear."
  • Binance net outflow of 9,030 BTC on Tuesday — largest single-day withdrawal since Nov 2024 — per CryptoQuant; analysts characterize it as easing sell pressure, not a confirmed trend reversal.
  • On-chain: BTC supply in profit recovered to 57.5% from a 46.2% June 30 low; LTH-SOPR 30-day SMA remains below 1.0 for 50+ days; a prior April–June attempt (67% supply in profit, 35-day LTH-SOPR above 1) already failed — CryptoQuant flags this as a risk of repeat.
  • Options: VanEck data shows 1-month put/call IV skew at +11.4pp (83rd percentile), put/call premium ratio 1.49 vs. 0.71 average; perp funding ~+4.5% vs. +8.4% norm — defensive but not capitulatory.

Policy and Institutions

  • Clarity Act: Senate Republicans circulated 616-page updated text with ethics clause barring officials/spouses from issuing crypto — but sunsetting Jan 20, 2029, DOJ-enforced only, excluding Trump's adult children. Goldman's David Solomon backed it; JPMorgan's Dimon, six banking trade groups (ABA included), and at least four Senate Democrats (Alsobrooks, Gallego, Booker, Warren) oppose. Prediction markets price 2026 passage at ~20%.
  • Trump disclosure: OGE filing shows Trump earned $1.16B in crypto — $526.8M from World Liberty Financial tokens, $635M in "Celebration Coins" royalties — directly fueling Democratic opposition to the ethics clause.
  • Bitcoin Security Consortium: BlackRock, Strategy, Coinbase, Fidelity, Galaxy, ARK, Anchorage, Block, and Blockstream pledged $15M over 3 years for post-quantum Bitcoin security R&D, coordinated by Brink's Mike Schmidt. Separate: Galaxy committed $5M in developer grants. Urgency timelines diverge: Adam Back says 20–40 years; Project Eleven says Q-Day as early as 2030.
  • Kazakhstan: Presidential decree + July 18 resolution establish "strategic digital mining" — miners get 10-year power contracts at capped tariffs, surrender 10% of mined BTC monthly to a state reserve managed by the National Bank. First approved source: 300 MW at Ekibastuz GRES-1 coal plant.

Network and Industry

  • BitMEX closes Sept. 23: HDR Global Trading ending operations after failed sale process; new registrations halted, risk limits Aug. 26. Filed same day: 623 BTC class action alleging liquidation fraud via internal trading desk. BMEX token -90%.
  • Poolin Chapter 11: Singapore-based former #1 mining pool filed in New Jersey with $100–500M liabilities, $1–10M assets; seeking approval for $52M stalking-horse sale of two West Texas sites to Thor CALAP LLC. Bid deadline Sept. 8.
  • Miner/AI pivot: Bernstein (overweight miners) tracks $150B in multi-year AI contracts across >7.5 GW; Hut 8 $9.8B/15-yr lease at Beacon Point (704 MW); IREN $2.8B in AI cloud contracts. Miner stocks (HUT, IREN, WGMI) outperformed broad market Thursday despite BTC weakness.
  • BIP-110 vote: Foundry USA (23.8% hashrate) polling mining customers on whether to signal support for the soft fork limiting data storage per transaction; window closes at block 961,632 (~early August). Opposition from Adam Back and Michael Saylor; activation implications debated in Optech #411.

Macro Linkages

  • Iran escalation drove Thursday's BTC dip to $64,600: Brent topped $100, 10-year UST yields hit 18-month highs, S&P 500 -1.2%/Nasdaq -2.2%, and July Fed hike probability surged from 12% to ~40% per CME FedWatch — direct causal chain cited across multiple sources.
  • Soft June CPI (headline -0.1% MoM, core 2.9% YoY) earlier in the week briefly cut hike odds to low teens and pushed BTC to $66.3K; the subsequent Iran escalation reversed most of that move.
  • Fed chair Warsh emphasized "no tolerance for persistently elevated inflation" before Congress; July 29 FOMC meeting framed as the binary event for sustained ETF inflow recovery, per Nansen's Sondergaard.

Standouts

  • Citadel Securities invested $400M in Crypto.com at a $20B valuation, with discussions covering liquidity provision and tokenization — signals continued TradFi infrastructure acquisition.
  • Satsuma Technology shareholders voted 90%+ to liquidate 668 BTC and delist from LSE, recovering £26.8–30M of £163.6M raised — a concrete corporate treasury failure case.
  • CoinShares launched MINE, a UCITS Bitcoin Mining ETF on Deutsche Börse Xetra — first European-listed miner ETF; comparable US fund WGMI has $343.6M AUM.
  • Foundry asked BIP-110 vote of its pool (23.8% of hashrate) on restricting on-chain data storage — outcome could materially affect Ordinals/Runes viability on Bitcoin.
  • AFX Trade (Arbitrum) and Verus-Ethereum Bridge suffered $24M and $7.5M exploits respectively this week — Verus hit via the same vulnerability class as its May $11.6M breach.