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⚖️ 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.

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📊 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.

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🌐 Blockstream adds quantum resistance to Liquid Network

Blockstream has implemented quantum-resistant security across its Liquid Network and hardware wallets, positioning the infrastructure against the long-term threat posed by advances in quantum computing.

The upgrade applies both to the Liquid sidechain and Blockstream's hardware wallet line, extending cryptographic protections beyond current standards to address potential future vulnerabilities in existing encryption methods.

As quantum computing capabilities continue to develop, proactive adoption of post-quantum cryptography is becoming an increasingly relevant consideration for blockchain infrastructure providers.

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📊 Crypto Drops Monday as Geopolitics and Profit-Taking Hit

Crypto markets reversed weekend gains on Monday as a combination of profit-taking and renewed Middle East tensions triggered a broad selloff.

South Korea's Kospi index fell 9.2%, adding to risk-off sentiment across global markets. The crypto downturn liquidated $253 million in leveraged positions, underscoring how quickly external shocks can unwind short-term momentum.

The episode is a reminder that crypto remains sensitive to macro and geopolitical events, with leveraged exposure amplifying losses during sudden market turns.

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⚖️ Turkey Charges 504 in $1bn Crypto Money Laundering Case

Turkish prosecutors have indicted 504 suspects for allegedly running a large-scale money laundering network that moved nearly 40 billion Turkish liras (approximately $1 billion) through a web of shell companies, jewellery stores, payment providers, and cryptocurrency transactions.

The charges stem from a 1,548-page indictment filed by Istanbul's Chief Prosecutor. The alleged network used crypto as one of several layering tools alongside traditional financial structures to obscure the origin of funds.

The case is among the largest crypto-linked money laundering prosecutions in Turkey's history, reinforcing the growing focus of regulators and law enforcement on illicit use of digital assets in emerging markets.

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🟠 Bitcoin Mining Difficulty Drops 5% to 127.17 Trillion

Bitcoin's network difficulty fell 5% on July 11 at block height 957,600, marking the 14th adjustment of 2026.

Difficulty declined from 133.87 trillion to 127.17 trillion — a drop of roughly 6.70 trillion — bringing the metric near its yearly low.

Difficulty adjustments reflect changes in overall mining activity; a drop signals reduced hashrate competition on the network.

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