CLARITY Act · Strategy · Wall Street · Bitcoin · CoinDesk
Clarity survives (barely), Strategy sells and the untold story of Mastercard's $1.8 billion deal: Crypto's week in 5 stories
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Last week, Strategy sold bitcoin, Wall Street bought deeper into crypto, Washington kept Clarity alive, and Bitcoin itself split over how the network should change.
Key facts
- It held 9,477 bitcoin worth about $557 million at the end of June, down from 9,542 at the end of March
- A controversial fork tied to Bitcoin Improvement Proposal 110, or BIP-110, mined two blocks before stalling
- Strategy sold 1,690 bitcoin and raised $653 million from sales of its common stock
- When roughly $320 million of bitcoin moved from wallets associated with Metaplanet (3350), speculation quickly followed that the Tokyo-based company was selling
Summary
Crypto is entering a more regulated, institutionalized phase as U.S. lawmakers debate the Digital Asset Market Clarity Act and regulators refine their own rulemaking. Bitcoin markets flashed mixed signals as major corporate holders and miners sold while large wallets and hedge funds increased bullish positions. Wall Street is deepening its involvement in select crypto products and infrastructure even as a shakeout forces weaker projects, exchanges and tokenization plays to fold or reset. Add in a major hardware-wallet security scare and a $1.5 billion hack that landed North Korea in U.S. court, and a theme emerged: Crypto is being tested as it enters its grown-up era.