SoSoValue Crypto Daily | Digital Asset Markets Show Modest Gains; United States Bill Banning CBDC Becomes Law

SoSoValue Crypto Daily | Los mercados de activos digitales muestran ganancias modestas; el proyecto de ley de Estados Unidos que prohíbe las CBDC se convierte en ley

SoSoValue Crypto Quotidien | Les marchés des actifs numériques affichent des gains modestes ; une loi américaine interdisant les CBDC devient loi

SoSoValue クリプトデイリー | デジタル資産市場は小幅な上昇を示す；米国におけるCBDC禁止法案が法律となる

SoSoValue 암호화폐 데일리 | 디지털 자산 시장, 소폭 상승; 미국의 CBDC 금지 법안, 법률로 제정

SoSoValue Crypto Daily | Mercados de Ativos Digitais Mostram Ganhos Modestos; Projeto de Lei dos Estados Unidos que Proíbe CBDC Torna-se Lei

SoSoValue Crypto Daily | Рынки цифровых активов демонстрируют скромный рост; законопроект США о запрете CBDC становится законом

SoSoValue 加密貨幣日報 | 數位資產市場溫和上漲；美國禁止 CBDC 的法案成為法律

SoSoValue Kripto Günlüğü | Dijital Varlık Piyasaları Mütevazı Kazançlar Gösteriyor; Amerika Birleşik Devletleri'nin CBDC'yi Yasaklayan Tasarısı Yasalaştı

SoSoValue Crypto Daily | Thị trường tài sản kỹ thuật số tăng nhẹ; Dự luật Hoa Kỳ cấm tiền tệ kỹ thuật số của ngân hàng trung ương (CBDC) trở thành luật

SoSoValue 加密货币日报 | 数字资产市场小幅上涨；美国禁止 CBDC 的法案成为法律

Crypto market cap rose 0.8% to $2.30T, Bitcoin held near $64,400, Ethereum gained 1.7%, and sectors were mostly positive with RWAs leading at +3% while others rose 0–2%. A new U.S. law, enacted without a presidential signature, bans a retail Fed CBDC, bolstering private stablecoins like USDC and USDT, reducing long-term regulatory risk, and likely accelerating dedicated stablecoin legislation. The Clarity Act faces a tight pre–August recess window in the Senate amid disputes over a developer safe harbor and ethics rules, with passage promising institutional clarity and delay prolonging regulation-by-enforcement. Volatility looms as CPI data and Powell’s testimony arrive alongside higher oil and geopolitical tensions, where hotter inflation could keep policy hawkish and pressure crypto while cooler prints or a dovish tone could lift risk assets. U.S. spot Bitcoin ETFs saw $197.4M in net inflows last week and spot Ethereum ETFs added $84.3M, underscoring persistent demand via traditional wrappers. Cambridge research shows 31% of Ethereum node activity is in the U.S., concentrating jurisdictional risk that could threaten finality under outages or adverse regulation. Empery Digital sold 1,400 BTC for ~$87.1M to repay debt and help fund a $65M AI data center investment, signaling a shift from crypto holdings to AI infrastructure. After SK Hynix’s $26.5B U.S. IPO, tokenized shares launched on Telegram’s wallet, highlighting ongoing convergence between traditional equities and crypto platforms for retail access.

Market Update
The total cryptocurrency market capitalization increased by 0.8% to $2.30 trillion. Bitcoin remained stable over the past 24 hours, trading at approximately $64,400, while Ethereum saw a 1.7% gain. Sector performance was mixed but generally positive, with the Real World Asset (RWA) category leading with a 3% increase, while most other sectors posted gains between 0% and 2%.
US Law Banning Federal CBDC Solidifies Private Stablecoin Role
A significant housing bill that includes a provision explicitly banning the Federal Reserve from issuing a retail central bank digital currency (CBDC) has officially become law in the United States. The measure passed without the President's signature after the constitutionally mandated 10-day period expired. For investors, this is a landmark legislative development that removes a major potential government competitor to the private stablecoin market. By legally preventing a "digital dollar" issued directly by the Fed, the law reinforces the market position of private issuers like Circle (USDC) and Tether (USDT) and the broader DeFi ecosystem that depends on them. This action reduces a significant long-term regulatory risk and is likely to intensify the legislative focus on passing a dedicated stablecoin regulatory framework, such as the pending Clarity Act.
Comprehensive Crypto Regulation Faces Critical Deadline in US Senate
The "Clarity Act," a pivotal bill for establishing a comprehensive regulatory framework for digital assets in the US, is facing a critical and narrow window for passage. Legislative staff are working to merge Senate versions of the bill, but it must be brought to a floor vote before the August recess, after which political focus will shift to midterm elections. Key disagreements persist, including a "safe harbor" provision for software developers and the inclusion of ethics rules restricting crypto trading by government officials. The failure to pass this legislation would prolong the current environment of regulatory uncertainty, leaving crypto firms exposed to "regulation-by-enforcement." The outcome represents a major event risk for the market, as its passage could unlock significant institutional investment by providing legal clarity, while its delay would perpetuate ambiguity.
Macroeconomic Volatility Expected with Key Inflation Data and Fed Testimony
Investors are bracing for a week of heightened market volatility driven by critical macroeconomic events. The release of the latest US Consumer Price Index (CPI) data and semi-annual congressional testimony from Federal Reserve Chair Jerome Powell are set to dominate market focus. These events occur against a backdrop of rising geopolitical tensions that are pushing oil prices higher, potentially re-accelerating inflation. A higher-than-expected CPI figure could force the Fed to adopt a more aggressive (hawkish) stance on interest rates, creating headwinds for risk assets like crypto. Conversely, signs of cooling inflation or a more cautious (dovish) tone from Powell could provide a market uplift. Crypto asset prices remain highly correlated to these macro indicators, and traders will be closely scrutinizing the data and testimony for clues on future monetary policy.
US Spot Bitcoin ETFs Attract Nearly $200 Million in Weekly Inflows
This past week, US-based spot Bitcoin ETFs recorded a cumulative net inflow of $197.4 million, while spot Ethereum ETFs saw inflows of $84.3 million, indicating sustained investor appetite for crypto exposure through traditional financial products.
Ethereum Node Concentration in US Poses Centralization Risk
New research from Cambridge University reveals that 31% of Ethereum node activity is located in the United States, highlighting a jurisdictional centralization risk where a regional outage or regulatory action could potentially disrupt network finalization.
Empery Digital Sells Bitcoin to Fund Pivot into AI Infrastructure
Publicly traded firm Empery Digital sold 1,400 BTC for approximately $87.1 million to repay debt and help finance a $65 million investment in an AI data center, signaling a strategic capital reallocation from pure crypto holdings to the high-growth AI sector.
Tokenized SK Hynix Shares Launch on Telegram After Major US IPO
Following the chipmaker's successful $26.5 billion US listing, tokenized shares of SK Hynix are now tradable on Telegram's native crypto wallet, further demonstrating the trend of bridging traditional equity markets with crypto platforms for retail investors.

Digital Asset Markets Show Modest Gains; United States Bill Banning CBDC Becomes Law