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Trump’s Approval of Ethics Provision Lifts Crypto Market, Bitcoin Rises

<p class="text-left mb-4 ">The crypto market gained strong momentum today following reports that the final obstacle blocking the long-awaited US crypto market structure bill, the CLARITY Act, may have been removed.</p><p class="text-left mb-4 ">Eleanor Terrett, host of the Crypto in America program, said on X that President Donald Trump had agreed to a critical ethics provision in the bill. According to Terrett, the language was sent to a group of Republican senators. This marks tangible progress in negotiations that have remained stalled for months.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Why was the ethics provision so important?</h2><p class="text-left mb-4 ">The ethics issue was the main obstacle preventing the CLARITY Act from advancing through the Senate. The bill aims to distinguish digital assets classified as commodities from those treated as securities, draw clearer regulatory boundaries between the SEC and CFTC, and end years of uncertainty shaped by enforcement actions and lawsuits.</p><p class="text-left mb-4 ">At the center of the debate is the extent to which serving politicians should be allowed to profit from crypto. Trump’s own meme coins and his family’s stake in World Liberty Financial have intensified scrutiny. Financial disclosures released last month showed that these investments had generated millions of dollars for him.</p><p class="text-left mb-4 ">The provision was discussed during a July 16 meeting involving Trump, Republican Senators Bernie Moreno and Cynthia Lummis, and White House crypto adviser Patrick Witt. A source speaking to CoinDesk said a preliminary agreement had been reached with Trump.</p><p class="text-left mb-4 ">However, Democrats have not yet seen the proposed language, and no draft has been made public. The White House and the offices of the senators involved declined to comment. The source said the draft was expected to be released shortly. The Senate needs to vote on the legislation by early August.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Market reaction came quickly</h2><p class="text-left mb-4 "><a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">Bitcoin </a>climbed above $66,000 following the reports. The cryptocurrency gained roughly 3% to 3.5% over the past 24 hours, reaching its highest level in more than a month. Ethereum, BNB and XRP posted even stronger gains.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/btcusdt-2026-07-21-18-20-27-42181495.webp" alt="BTCUSDT_2026-07-21_18-20-27.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">Another factor supporting the rally came from Asian markets. Selling pressure on semiconductor stocks, which weighed on crypto prices last week, began to reverse. The rebound helped strengthen broader risk appetite.</p><p class="text-left mb-4 ">Alex Kuptsikevich, chief market analyst at FxPro, pointed to the 61.8% Fibonacci retracement level of the May–June decline, located below $68,000. He said a sustained move above this area would provide further confirmation of a bullish trend reversal.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Prediction markets also changed direction</h2><p class="text-left mb-4 ">On prediction platform Polymarket, the implied probability of the CLARITY Act becoming law this year jumped from 32% on Friday to 43% on Monday. The increase marked a sharp recovery from the market’s lowest level since trading began in January.</p><p class="text-left mb-4 ">The rally continued during the European session on Tuesday morning. Bitcoin traded near $66,300, with its 24-hour gain approaching 3%. Ethereum and XRP rose by around 4%.</p><p class="text-left mb-4 ">Market participants, however, pointed to the recovery in artificial intelligence and semiconductor stocks, led by memory chip manufacturers such as Samsung and SK Hynix, as the main driver of the move. Reports concerning the ethics provision were viewed as an additional factor strengthening risk appetite.</p><p class="text-left mb-4 ">The bill’s fate now rests with the Senate. Until the proposed language is officially released, it remains uncertain how long the market can maintain its current optimism.</p>

21 Jul 2026

Russia Establishes Legal Framework for Cryptocurrency Trading

<p class="text-left mb-4 ">The Russian government has passed comprehensive legislation regulating cryptocurrency trading. Titled “On Digital Currency and Digital Rights,” the law covers a broad range of activities, from the custody of assets such as <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">Bitcoin </a>to cross-border transactions.</p><p class="text-left mb-4 ">The legislation introduces clear rules for exchanges, brokers, custodians and other intermediaries. Oversight of the market will fall under a single authority: the Central Bank of Russia. This significantly expands the bank’s role in the cryptocurrency market, where it had previously acted largely as an observer.</p><p class="text-left mb-4 ">The bill is now reportedly awaiting President Vladimir Putin’s signature, which is expected soon. Once signed into law, it will become official and a transition period will begin on the designated effective date.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">From an unregulated market to a licensed system</h2><p class="text-left mb-4 ">The law will create a formal route for licensed crypto businesses. Until now, much of Russia’s cryptocurrency market has operated outside regulatory oversight. Under the new system, companies providing exchange, brokerage and custody services will need to register and follow official rules.</p><p class="text-left mb-4 ">This reflects Russia’s often contradictory approach to cryptocurrencies. Crypto mining has been permitted under certain conditions for some time, while the use of digital assets as a means of payment remains prohibited. The new law does not fully resolve this contradiction, but it clarifies the legal framework for trading and custody services.</p><p class="text-left mb-4 ">The figures highlight the size of the market. According to Russia’s Ministry of Finance, daily cryptocurrency trading volume in the country has reached $640 million. Much of this activity still takes place outside official channels, which is precisely what the new legislation aims to change.</p><p class="text-left mb-4 ">The scale of unregulated trading has long concerned Moscow due to lost tax revenue and challenges related to capital controls. Cross-border cryptocurrency transactions have become especially sensitive as Western sanctions against Russia have tightened.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Retail investor limit, no legal payment status</h2><p class="text-left mb-4 ">The law also introduces a cap for retail investors. Investors who do not qualify as professionals will be allowed to purchase up to 300,000 rubles, or approximately $3,820, worth of cryptocurrency per year.</p><p class="text-left mb-4 ">Higher limits will apply to qualified investors under separate regulations. This distinction is consistent with Russia’s existing investor classification system in traditional capital markets and appears intended to provide some protection for smaller investors against the volatility of cryptocurrencies.</p><p class="text-left mb-4 ">There is also something the law does not do: it does not recognize Bitcoin or any other cryptocurrency as an official means of payment in Russia. Trading and custody will now operate within a legal framework, but using cryptocurrency for everyday purchases remains prohibited.</p><p class="text-left mb-4 ">This approach is similar to the policies adopted by many other countries. Authorities recognize cryptocurrencies as investment assets while preserving the exclusive status of the national currency as legal tender.</p><p class="text-left mb-4 ">Russia’s move comes as the US Congress continues to debate the CLARITY Act. The two regulatory processes are advancing at different speeds and under different political conditions, but they share a common direction: bringing cryptocurrency markets onto a more institutional and closely supervised footing.</p><p class="text-left mb-4 ">While the US process continues through congressional committees, Moscow appears to be one step ahead. After Putin signs the legislation, attention will turn to how the rules are implemented, particularly in relation to cross-border transactions and entities affected by international sanctions.</p>

21 Jul 2026

Binance Delists XRP/BNB and Six Other Pairs, Adds Four Stock Futures

<p class="text-left mb-4 "><a href="https://jrkripto.com/tr/exchanges/binance" target="_blank" rel="noreferrer" class="text-primary underline">Binance </a>issued two consecutive announcements on July 21. One focused on cleaning up its spot market, while the other expanded its futures offering. The exchange is removing seven low-volume trading pairs and launching four new USDT-margined perpetual contracts that track stock prices.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Binance confirms seven spot pair removals</h2><p class="text-left mb-4 ">Following its periodic review of the spot market, Binance will end trading for ACX/USDC, ALGO/BTC, CVC/USDC, LPT/USDC, ONG/BTC, RVN/USDC and XRP/BNB on July 24, 2026, at 03:00 UTC. The exchange cited weak liquidity and low trading volume as the reason.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-07-21-144119-0e925a4a.webp" alt="Ekran görüntüsü 2026-07-21 144119.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">The tokens themselves will not be completely delisted from Binance. Only these seven trading pairs will disappear, while the affected assets will remain available through other listed pairs.</p><p class="text-left mb-4 ">Binance will also terminate its Spot Trading Bot services for these pairs at the same time. Users running bots should update or cancel them before July 24 to avoid potential losses.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Four new stock futures contracts go live</h2><p class="text-left mb-4 ">On the same day, Binance Futures announced four new perpetual contracts linked to stock prices. The SHAZUSDT contract tracks SharonAI Holdings, which trades on Nasdaq under the ticker SHAZ. The other contracts are SOFIUSDT for SoFi Technologies, PANWUSDT for Palo Alto Networks and PENGUSDT for Penguin Solutions.</p><p class="text-left mb-4 ">The contracts went live at five-minute intervals between 12:00 and 12:15 UTC.</p><p class="text-left mb-4 ">All four operate under the same framework. They have a tick size of $0.01, a minimum trade value of $5 and maximum funding rates of plus or minus 2%. Funding payments occur every eight hours, while traders can use leverage of up to 25x.</p><p class="text-left mb-4 ">The contracts remain available 24 hours a day, seven days a week, and support Binance’s Multi-Assets Mode. Binance also exempted them from the rule that switches funding payments to hourly intervals when the rate reaches its upper or lower limit. Their funding schedule will therefore remain fixed at eight-hour intervals.</p><p class="text-left mb-4 ">The exchange added that it may adjust parameters such as funding fees, tick sizes, leverage limits, initial margin and maintenance margin requirements depending on market conditions.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">What does the move mean?</h2><p class="text-left mb-4 ">Binance is cutting low-volume spot pairs while expanding its stock-linked futures offering. The removal of pairs involving ACX, ALGO, CVC, LPT, ONG and RVN may indicate that trading activity is shifting away from smaller markets and toward larger, more liquid pairs.</p><p class="text-left mb-4 ">The addition of futures linked to well-known Nasdaq-listed companies such as SoFi and Palo Alto Networks also suggests that Binance wants to attract traders interested in markets beyond crypto assets.</p><p class="text-left mb-4 ">Timing is the main issue for users. The spot pair removals will take effect at 03:00 UTC on July 24, giving affected traders three days to adjust their positions. The four new perpetual contracts are already live.</p>

21 Jul 2026

Grayscale Takes First Step Toward US ETF for Sam Altman’s Worldcoin

<p class="text-left mb-4 ">Grayscale has filed to launch a US-listed exchange-traded fund tied to WLD, the native token of <a href="https://jrkripto.com/tr/coin/wld" target="_blank" rel="noreferrer" class="text-primary underline">Worldcoin</a>. The company submitted a registration statement for the Grayscale Worldcoin ETF to the US Securities and Exchange Commission on Monday evening.</p><p class="text-left mb-4 ">The fund would hold WLD, the native crypto asset of World Network. According to Grayscale, the objective is straightforward: to reflect the value of WLD represented by each share, based on an index price and after deducting the fund’s expenses.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/hnssgzyaaaaorwg-f9986502.webp" alt="HNssGZYaAAAorWG.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">ETF would trade on Nasdaq</h2><p class="text-left mb-4 ">If approved, the fund would trade on Nasdaq under the exchange’s generic listing standards. Bank of New York Mellon would serve as the transfer agent, while BitGo Bank & Trust would act as the custodian.</p><p class="text-left mb-4 ">The proposed structure brings together traditional financial infrastructure and crypto-native services, a model that has become increasingly common. Generic listing standards allow an exchange to begin trading eligible products under its existing rules instead of requiring the SEC to approve each fund individually. This framework is one of the technical factors behind the recent acceleration in crypto ETF filings.</p><p class="text-left mb-4 ">WLD currently has a market capitalization of around $1.3 billion and ranks 57th among cryptocurrencies. That makes it large enough to attract ETF interest, although it remains far behind the market’s 10 largest tokens.</p><p class="text-left mb-4 ">The token has gained 3.92% over the past 24 hours. Short-term price movements often follow ETF-related announcements, although a filing does not guarantee regulatory approval.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Altman’s name returns to the spotlight</h2><p class="text-left mb-4 ">Worldcoin, which later rebranded as World, counts OpenAI CEO Sam Altman among its co-founders. Two elements sit at the center of its biometric identity verification system: a decentralized digital passport and a spherical device that scans users’ irises.</p><p class="text-left mb-4 ">The prospect of an ETF linked to such a project suggests that the crypto market increasingly views even niche areas, including identity verification, as investable themes.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">A familiar move for Grayscale</h2><p class="text-left mb-4 ">Grayscale’s legal victory following its years-long dispute with the SEC over a spot Bitcoin ETF laid the foundation for the company’s current aggressive filing strategy.</p><p class="text-left mb-4 ">The approach has become familiar in recent years. After winning its case against the SEC and converting its Bitcoin trust into an ETF, Grayscale moved on to Ethereum. Applications tied to Dogecoin, Solana and Chainlink followed. Worldcoin now joins that growing list.</p><p class="text-left mb-4 ">It remains unclear when or how the SEC will respond to the filing, as such reviews often take several months. Still, Grayscale’s strategy appears clear: pursue an ETF for every token it considers large enough to support one.</p>

20 Jul 2026

Solana-Based Bridge Protocol Hit by $1.65 Million Exploit

<p class="text-left mb-4 ">Cross-chain stablecoin bridge Allbridge Core has paused its protocol after approximately $1.65 million was drained from its liquidity pools on Solana. Blockchain security firms CertiK and PeckShield confirmed the exploit.</p><p class="text-left mb-4 ">Allbridge enables users to transfer assets between blockchains that do not communicate directly with each other. Its Core product moves native stablecoins such as USDC and USDT from one network to another through liquidity pools, without creating wrapped versions of the assets.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-07-20-145222-6ccde03f.webp" alt="Ekran görüntüsü 2026-07-20 145222.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">How did the attack happen?</h2><p class="text-left mb-4 ">According to Onchain Lens, the attacker took out a $1.12 million flash loan from Solana-based lending protocol Kamino. A flash loan is an uncollateralized loan borrowed and repaid within the same transaction, meaning the attacker did not need to provide any capital upfront.</p><p class="text-left mb-4 ">The attacker then used the borrowed funds to execute a series of trades between USDC and USDT in an Allbridge Core stablecoin pool, disrupting the pool’s internal pricing balance.</p><p class="text-left mb-4 ">According to analyst DBCrypto, the sequence was straightforward: borrow the funds, distort the exchange rate, withdraw assets at the manipulated price, repay the loan and keep the difference. Simple, yet effective. A single withdrawal transaction was reportedly worth approximately $2.24 million.</p><p class="text-left mb-4 ">The stolen assets were bridged to <a href="https://jrkripto.com/tr/coin/eth" target="_blank" rel="noreferrer" class="text-primary underline">Ethereum </a>and distributed across multiple addresses. Some reports suggest that the funds are being routed through privacy-focused infrastructure, which could make them more difficult to trace. It remains unclear how much the attacker still holds.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Allbridge responds to the exploit</h2><p class="text-left mb-4 ">Allbridge announced that it had paused the protocol as a precaution while investigating the incident. The team also urged liquidity providers in the affected pools to withdraw their funds.</p><p class="text-left mb-4 ">The manipulation created a temporary imbalance in the pools, allowing some traders to profit from arbitrage opportunities. Allbridge is now asking these traders to return the funds so they can be used to compensate liquidity providers.</p><p class="text-left mb-4 ">Spot On Chain analyst Hupzy described the rapid movement of funds from Solana to Ethereum as a common money-laundering tactic and said it could complicate recovery efforts.</p><p class="text-left mb-4 ">Still, Hupzy noted that the loss remains small compared with Solana’s total market capitalization. Therefore, the exploit is expected to have only a limited direct impact on SOL’s price.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Solana market remains calm</h2><p class="text-left mb-4 ">At the time of writing, SOL is trading at $76.66, up 1.06% over the past 24 hours. Its daily trading volume has reached $1.43 billion.</p><p class="text-left mb-4 ">The main concern centers on trust rather than price. Incidents of this kind weaken confidence in cross-chain bridges, which have repeatedly become targets for hackers because of the large amounts of liquidity they hold.</p><p class="text-left mb-4 ">Whether the exploit will accelerate withdrawals from Solana-based bridges and how it will affect the total value locked in these protocols should become clearer in the coming days.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">This is not the first time</h2><p class="text-left mb-4 ">Allbridge suffered a similar flash loan attack targeting its BNB Chain pools in 2023. That incident resulted in losses of approximately $650,000.</p><p class="text-left mb-4 ">The company later said it had recovered most of the stolen funds and reviewed its liquidity and withdrawal calculation mechanisms.</p><p class="text-left mb-4 ">Allbridge also raised $2 million in 2022 to expand its bridge infrastructure and allocate more resources to security audits. The fact that the same type of attack proved effective again three years later raises fresh questions about how much progress the protocol has made in addressing this vulnerability.</p>

20 Jul 2026

Regulation, BTC

Trump’s Approval of Ethics Provision Lifts Crypto Market, Bitcoin Risesabout 14 hours ago

Regulation

Russia Establishes Legal Framework for Cryptocurrency Tradingabout 14 hours ago

Altcoin

Binance Delists XRP/BNB and Six Other Pairs, Adds Four Stock Futuresabout 18 hours ago

Altcoin

Grayscale Takes First Step Toward US ETF for Sam Altman’s Worldcoin1 day ago

Blockchain, Altcoin

Solana-Based Bridge Protocol Hit by $1.65 Million Exploit1 day ago

Regulation, BTC

Trump’s Approval of Ethics Provision Lifts Crypto Market, Bitcoin Risesabout 14 hours ago

Regulation

Russia Establishes Legal Framework for Cryptocurrency Tradingabout 14 hours ago

Altcoin

Binance Delists XRP/BNB and Six Other Pairs, Adds Four Stock Futuresabout 18 hours ago

Altcoin

Grayscale Takes First Step Toward US ETF for Sam Altman’s Worldcoin1 day ago

Blockchain, Altcoin

Solana-Based Bridge Protocol Hit by $1.65 Million Exploit1 day ago

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