Crypto Market Update: Bipartisan Senate Compromise Puts CLARITY Act Back on Track

Bitcoin (BTC) was priced at US$79,986.09.34, up by 1.6 percent over the last 24 hours.

Bitcoin's rally followed US President Donald Trump's newly announced Project Freedom military initiative.

The operation is designed to escort neutral foreign vessels out of the highly contested Strait of Hormuz, deploying 15,000 US service members alongside a massive naval and air fleet.

While prices for Brent and West Texas Intermediate oil saw modest declines following the news, the world's largest cryptocurrency caught a sudden tailwind, rallying nearly 2 percent during early Asian trading.

Trump framed the heavy military deployment as a strictly humanitarian gesture to free stranded merchant ships, claiming that diplomatic talks with Tehran have been surprisingly positive.

Simon-Peter Massabni, head of business development at XS.com, told the Investing News Network that Bitcoin breaking through its current resistance zone could pave the way for a sustainable uptrend.

“A clear weekly close above this zone would be a notable technical signal, suggesting that the previous correction may have structurally ended. Conversely, if BTC continues to fail at the US$80,000 level, profit-taking pressure could return and keep price consolidating below resistance," he said. Macro risks this week could limit the upside.

Ether (ETH) was priced at US$2,355.54, up by 0.9 percent over the last 24 hours.

Altcoin price update

• XRP (XRP) was priced at US$1.40, up by 0.2 percent over 24 hours.

• Solana (SOL) was trading at US$84.41, trading 0.1 percent higher over the past 24 hours.

Today's crypto news to know

Bipartisan Senate compromise puts CLARITY Act back on track

The digital asset industry is inching closer to a significant legislative victory in the US as Senate negotiators successfully revive the stalled CLARITY Act. Lawmakers have reportedly struck a compromise regarding stablecoin rewards, a highly contentious issue that had previously gridlocked the bill.

Traditional banks had fiercely lobbied against allowing crypto platforms to offer yield-like rewards on dollar-pegged tokens because of fears of a massive exodus of customer deposits.

Under the new bipartisan agreement spearheaded by Senators Thom Tillis and Angela Alsobrooks, passive deposit-style interest will face strict limitations. However, crypto firms will still be legally permitted to offer financial incentives directly tied to actual on-chain activities like staking or platform payments.

Senate Banking Committee Chair Tim Scott announced that the legislation is now in the "red zone," with hopes of securing unanimous Republican support for a formal markup later this month.

Strategy halts weekly Bitcoin purchases ahead of Q1 earnings

Michael Saylor’s Strategy (NASDAQ:MSTR) has temporarily paused its relentless Bitcoin-buying spree just days before the company reports its first quarter earnings for 2026.

The software giant, which essentially operates as a massive Bitcoin proxy, has cultivated a strict weekly purchasing rhythm that investors track as a gauge for corporate crypto demand.

Saylor confirmed the brief hiatus on social media, explicitly assuring the market that the "buy every week" strategy will resume its normal schedule next week. Strategy currently holds a staggering 818,000 BTC, amassed at an average price of US$75,537, pushing its total digital asset investment well past the US$61 billion mark.

To fund this aggressive accumulation, the company continues to leverage high-yield preferred stock options, like its STRC shares, to avoid diluting its common shareholder base.

Pyongyang slams "absurd" cybercrime accusations

Over the weekend, the North Korean government fiercely denied allegations that state-sponsored hackers are responsible for a massive wave of cryptocurrency thefts.

In a fiery statement released through state-run media, a Foreign Ministry spokesperson dismissed mounting accusations from the US government and blockchain researchers as "absurd slander." The official characterized the claims as a coordinated smear campaign designed to spread a false narrative about non-existent cyber threats.

Pyongyang even turned the tables, accusing Washington of playing the victim while actively using its superior IT infrastructure to conduct indiscriminate cyber warfare against rival nations. However, independent blockchain forensics paint a drastically different reality regarding the source of recent decentralized finance exploits.

A new report from TRM Labs attributes roughly 76 percent of all crypto hack losses recorded so far in 2026 directly to North Korea-linked threat actors. These state-backed syndicates are reportedly responsible for devastating attacks on platforms like Drift and KelpDAO, siphoning a combined US$577 million in just the first few months of the year.

SOL Strategies to acquire HoudiniSwap

SOL Strategies (CSE:HODL,NASDAQ:STKE) has agreed to buy HoudiniSwap for US$18 million in cash and shares, adding a privacy-focused cross-chain swap aggregator to its Solana infrastructure platform.

According to a press release, the deal is meant to diversify revenue, expand beyond staking and validator operations and strengthen the company’s push into transaction routing and institutional on-chain finance.

The company also highlighted that more than half of Houdini’s transaction volume — which exceeded US$2.5 billion in 2025 — touched Solana, supporting a strategic fit.

DTCC unveils plans to launch tokenized real-world assets

The Depository Trust & Clearing Corporation (DTCC) released a timeline for its tokenization service, which details plans to facilitate initial trades of tokenized real-world assets in July, followed by a broader launch in October.

“DTC’s tokenization service is designed to provide systemic scale where deep liquidity already lives,” said Brian Steele, DTCC's managing director and president of the company’s clearing and securities services. “We continue to collaborate closely with the DTCC Industry Working Group members to ensure that the service is developed in lockstep with the industry’s current and future needs as we collectively build the digital ecosystem of the future.”