Federal Reserve Chair Kevin Warsh told the House Financial Services Committee on Tuesday that the central bank has no interest in bailing out crypto or stablecoins if the sector faces a run, drawing a firm line during his first congressional testimony since taking the job.

Senator Cynthia Lummis said on July 14 that the Senate’s CLARITY Act is ready after months of negotiations, with bill text expected to be introduced in the next few days before a planned push for a floor vote ahead of the August recess.

A blockade on Iranian shipping and a much cooler than expected inflation report sent global markets through a two-day reversal this week.

Crypto ETF flows started the week on a weak note on Monday, July 13, with bitcoin ETFs posting $424.66 million in outflows and ether funds losing $15.41 million. HYPE ETFs also slipped, while XRP and solana products saw no trading activity in a subdued session.

A U.K. government-backed digital markets taskforce has brought together 54 financial firms to develop live tokenization use cases, starting with tokenized repo. The initiative comes as the Treasury-backed report estimates tokenized markets could add up to £33 billion in annual UK output by 2035.

An ethereum whale who has held 9,389 ETH for roughly four years is now sitting on a $23.8 million unrealized loss, Lookonchain reported. Furthermore, just hours earlier, the firm flagged two separate wallets pulling more than 20,000 ETH ($35 million) off exchanges.

After a rapid three-day surge to an all-time high of $48.91 on July 13, the Dexe token dropped nearly 10% to $41.30 on July 14, bringing its market capitalization below $4 billion.

Bitcoin’s current cycle may not have topped yet, according to Cryptoquant’s 365-day PnL Index Signal, which continues to trend lower, a pattern the analytics firm associates with markets whose peak still lies ahead.

Individual investors hold 66.1% of bitcoin’s total supply, dwarfing the 7.8% held by businesses and the 7.2% sitting in funds and exchange-traded funds (ETFs), according to asset manager Bitwise.

Patrick Witt, the White House crypto council executive director who has led CLARITY Act negotiations, works his final day Friday, roughly two days before a Senate floor vote expected around July 20. Deputy Director Harry Jung inherits the final push at the most delicate moment of the bill’s life.

Financial technology startup Hurupay is reportedly leaving the Kenyan market due to intensifying regulatory audits and stricter anti–money‑laundering compliance scrutiny targeting digital asset platforms.

Binance.US chief executive Stephen Gregory says the exchange is back in growth mode after a two-year “hibernation” brought on by the regulatory storm around the wider Binance brand.

Telegram’s core shortlink domain, t.me, was placed on “server hold” by the .me registry on July 13, dropping it from the global domain name system (DNS) and dead-ending every t.me link worldwide. Founder Pavel Durov appeared to learn about the outage in real time.

The U.S. government has paid back $81 billion in tariffs so far this fiscal year after the Supreme Court ruled President Donald Trump’s sweeping import levies illegal in February. The figure dwarfs the $5 billion refunded over the same stretch a year earlier.

I have one observation that I did not come to right away, but only after many failed campaigns and many successful ones. For years, crypto tried to explain to the mass user why they needed all of this. We made landing pages about decentralization, videos about financial freedom, and webinars about blockchain for beginners.