CLARITY Act获众议院通过一年后仍未在参议院完成推进
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After ongoing discussions on Section 604, the MCSA has shifted to a neutral stance on the Clarity Act.
According to an article published on the X platform by a Fox Business Odaily reporter, the Major County Sheriffs of America (MCSA) has shifted to a "neutral" stance on the Clarity Act after recent ongoing discussions surrounding Section 604, the Blockchain Regulatory Certainty Act. In a letter to the Senate Banking Committee leadership, the MCSA stated that, based on its ongoing review of the bill, there remains an opportunity to further strengthen the legislation in a way that supports responsible innovation and addresses the practical needs of state and local enforcement.
Whale accumulation and institutional withdrawal: 270,000 BTC inflow in two weeks reveals potential cyclical bottom characteristics.
According to Odaily Odaily, amid continued outflows of institutional funds from the United States, Bitcoin whale have accumulated more than 270,000 BTC (approximately $16.7 billion) in the past two weeks, a stark contrast to the record outflows from US spot Bitcoin ETFs. Analysis indicates that this phase of divergence exhibits characteristics of historical cycles: while institutional funds are withdrawing, long-term holders and whale accounts continue to accumulate, resembling a fund redistribution structure commonly seen at the bottom of previous cycles. On-chain data shows that although the spot premium remains negative, indicating weak buying pressure, large wallets continue to increase their Bitcoin holdings, suggesting the market is currently in a structural phase of "institutional deleveraging and long-term fund accumulation." (CoinDesk)
Tom Lee: ETH/BTC exchange rate will strengthen in the second half of 2026; Ethereum's monetary narrative is gaining traction.
According to Mars Finance, Tom Lee, Chairman of BitMine, Ethereum's largest financial institution, stated that the ETH/BTC exchange rate has ample reason to strengthen in the second half of 2026. The core logic is that ETH's narrative as a currency is gaining market attention. Lee pointed to three catalysts: the continued growth of stablecoins, the asset tokenization wave, and the increase in new forks and projects within the Ethereum ecosystem. These factors are all strengthening ETH's value storage attributes and driving its performance relative to BTC. Lee explicitly predicts that the ETH/BTC exchange rate will continue to rise throughout 2026, emphasizing that this is a key indicator worth continuous monitoring. Lee believes that macroeconomic factors also support the ETH/BTC exchange rate: falling oil prices alleviate inflationary pressures, cryptocurrencies remain downstream beneficiaries of the AI narrative, and the progress of the CLARITY and GENIUS Acts maintains a window of regulatory advantage.
Analysis: Bitcoin may be entering a period of bottoming out; Strategy's sale of Bitcoin did not trigger panic.
According to a recent report by Bitfinex Alpha, as Odaily by Odaily, Strategy recently conducted its first large-scale Bitcoin sale, but the market showed strong resilience and no significant selling pressure emerged. Bitcoin rebounded after hitting a low of $57,803 on July 1st, and its performance in July remains positive, consistent with the views expressed in Bitfinex Alpha's previous report (No. 212), suggesting a potential market correction this month. Data shows that Strategy may have executed a BTC sale between June 29 and July 2, but the price of Bitcoin still saw a positive weekly increase during the same period, rising approximately 10.5% from its cycle low. Furthermore, on the last trading day of last week and the first trading day of this week, Bitcoin spot ETFs recorded inflows exceeding $200 million per day, ending a previous 10-day streak of net outflows, with a cumulative outflow of $2.73 billion. June was a challenging month for Bitcoin ETFs, with net outflows for nine consecutive weeks, reaching nearly $4.06 billion in June alone. However, these redemptions primarily reflect authorized participants (APs) returning ETF units and a decrease in passive funding demand, rather than indicating a large-scale immediate sale of Bitcoin through on-chain markets. The market is currently unable to fully determine whether investors have digested recent changes in fund flows, but spot trading volume does not fully reflect the impact of the previous large-scale outflows. With changes in ETF asset allocation and a return to positive fund flows, the Bitcoin market may face new variables in July. After a brief dip following the announcement of the Strategy sale, BTC prices quickly stabilized and have now returned to the lower end of the first quarter trading range, exceeding pre-announcement levels. ETF fund flows have recorded net inflows for three consecutive trading days, and the $61,000 level has become a crucial dividing line between bullish and bearish forces in the market. Bitcoin is currently in a downtrend on a higher timeframe, but the market structure is changing. Approximately 10.83 million BTC are currently in an unrealized loss state, while about 9.22 million BTC remain profitable, marking the first time that the number of losing BTC has exceeded the number of profitable BTC. Historically, this phase typically indicates significant pressure on spot holders and often approaches the bottoming phase of a bear market. However, a true macro bottom still needs confirmation from key indicators, such as Bitcoin consistently recovering to its current "True Market Mean" of around $71,500. While the current market environment may dampen sentiment in the short term, it also creates conditions for long-term funds to absorb selling pressure. As long-term holders and some whale re-accumulate, Bitcoin is shifting from low-conviction holders to high-conviction investors, and the next two to three months may be a crucial window for confirming a temporary bottom.
Analog chip manufacturer Analog Devices (ADI) has issued a notice stating that delivery times for some products have been extended, reminding customers to place orders six months in advance.
Mars Finance reported on July 6th that Analog Devices (ADI), a major analog chip manufacturer, recently issued another notice to its customers, stating that rising demand has led to tight supply, with lead times for some products reaching up to six months. Customers who fail to place orders six months in advance may face even longer delivery times in the future. (Science and Technology Innovation Board Daily)
Is the PCB becoming a key bottleneck? Industry insiders reveal: Manufacturing processes face challenges, Nvidia's Kyber rack may experience delays.
According to Mars Finance, semiconductor industry research firm SemiAnalysis published a series of articles on social media this morning Beijing time, indicating that Nvidia's Kyber NVL144 rack architecture may face delays. The firm stated, "Just three months after Jensen Huang showcased the Kyber NVL144 at GTC, the product has suffered a major setback and has been delayed by more than 12 months, postponed to 2028." Regarding the reason for the delay, the firm attributed it to "the significant challenges still facing the manufacturing process of the PCB midplane." SemiAnalysis pointed out, "Nvidia currently lacks a proven solution to extend the scaling domain of Rubin Ultra, leaving room for competitors such as AMD MI500X or TPUv8i Broadfly to surpass Rubin Ultra in scaling capabilities." (Cailian Press)