Crypto markets rally on Clarity progress report, Asian chip-stock rebound
Speculation that President Donald Trump agreed to a crucial ethics provision for the crypto market structure bill underpinned the gains.
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Summary
- Bitcoin climbed above $66,000 and broader cryptocurrencies rallied as reports suggested President Donald Trump agreed to a key ethics provision clearing the way for the U.S. Clarity Act in the Senate and AI-related stocks rose in Asia.
- Derivatives data show rising open interest and call-heavy options activity in bitcoin and ether, alongside broad-based inflows into major altcoins, even as volatility gauges and put skews signal ongoing demand for hedging.
- Solana’s tokenized asset volume hit a record in the second quarter amid rapid growth in real-world asset tokenization, underscoring institutional adoption.
