🟠 BIP-110 Splits Bitcoin Community Over Non-Financial Data
A new Bitcoin Improvement Proposal — BIP-110 — is dividing developers, miners, and industry leaders by seeking to restrict non-financial data from being stored on the Bitcoin network.
The debate has reached a key activation deadline, with prominent figures on both sides clashing over whether Bitcoin's blockchain should be limited strictly to financial transactions or remain open to arbitrary data storage. Supporters argue the restriction would protect network efficiency and preserve Bitcoin's core purpose; opponents see it as a governance overreach that could set a dangerous precedent.
The conflict is being compared to the Blocksize Wars, Bitcoin's most contentious governance battle, raising fresh questions about how protocol-level decisions get made — and who has the power to make them.
🌐 DTCC Pilots Stock and Treasury Tokenization with 40 Major Firms
The Depository Trust & Clearing Corp. has launched a production pilot to tokenize U.S. stocks and Treasury securities, marking one of the most significant moves by traditional financial infrastructure into blockchain-based settlement.
The trial involves 40 financial institutions, including JPMorgan, BlackRock, Goldman Sachs and Vanguard. JPMorgan will tokenize part of its Invesco QQQ Trust holdings held at DTCC, while Microsoft shares, Circle and SPY are also among the assets being tokenized. The pilot will evaluate settlement and custody of tokenized assets on a shared infrastructure.
DTCC serves as the backbone of U.S. securities clearing, processing trillions in transactions annually — making its direct involvement a notable step toward mainstream adoption of tokenized financial instruments.
🟠 Bitcoin rebounds to $65K as JPMorgan flags Hyperliquid risk
Bitcoin climbed 3.5% in 24 hours, trading just under $65,000 on July 15, marking a notable recovery in broader market conditions.
JPMorgan issued a risk warning on Hyperliquid, the decentralized perpetuals exchange, flagging concerns relevant to traders and DeFi participants. Separately, the European Central Bank intensified its push for a digital euro, signaling continued regulatory momentum around central bank digital currencies in Europe.
These developments reflect three converging forces in crypto markets: renewed BTC price strength, institutional scrutiny of DeFi infrastructure, and accelerating CBDC policy in major economies.
Senator Cynthia Lummis announced on July 14 that the CLARITY Act — the Senate's comprehensive crypto market structure bill — is ready after roughly ten months of negotiations, with bill text set to be introduced within days.
Lummis, who chairs the Senate Digital Assets Subcommittee, is pushing for a floor vote before the August recess, leaving a roughly four-week window. The bill's stated priorities include combating illicit finance, strengthening consumer protections, and keeping crypto markets within U.S. jurisdiction.
Passage of the CLARITY Act would mark a significant step toward establishing a federal regulatory framework for digital assets in the United States.
⚖️ Trump gives Senate 24 days to pass crypto CLARITY Act
President Trump has publicly pressured the Senate to pass the CLARITY Act before the August recess, setting an informal deadline of roughly 24 days.
On July 13, Trump framed the legislation as critical to U.S. competition with China in cryptocurrency and artificial intelligence. The bill requires 60 votes to advance in the Senate, a threshold that makes bipartisan support essential.
The CLARITY Act is designed to establish a comprehensive regulatory framework for digital assets in the United States. Its passage would mark a significant milestone in defining how crypto markets are governed at the federal level.
📊 Pi Network token hits new all-time low at $0.0814
PI token dropped another 16% to reach a new all-time low of $0.0814, bringing its total decline to approximately 97.3% from its all-time high of $2.98.
A key pressure factor is the ongoing token unlock schedule, with 103 million PI released monthly, continuously adding sell pressure to the market.
The scale of the drawdown places PI among the steepest post-launch collapses in recent crypto history, raising questions about demand absorption against the persistent supply expansion.