Crypto & Politics:
A Reuters/Ipsos poll found that 63% of Americans consider it inappropriate for President Trump and his family to profit from crypto while in office.
Views were sharply partisan: 69% of Republicans said it was appropriate, while 92% of Democrats disagreed.
https://cointelegraph.com/news/americans-donald-trump-crypto-investments-inappropriate-poll
Optimism Governance Update:
Optimism approved moving 546.9M OP once reserved for future airdrops into a Strategic Ecosystem Fund for partnerships, liquidity incentives and institutional growth.
The project says no further OP airdrops are planned; prior distributions remain unaffected.
https://cointelegraph.com/news/optimism-moves-5469m-op-from-future-airdrops-to-ecosystem-growth-fund
CLARITY Act Update:
Senator Ruben Gallego warned that a rushed Senate vote could derail the bill.
Key disputes over ethics rules and stablecoin rewards remain unresolved, and he says the White House has yet to respond substantively to a bipartisan ethics proposal.
https://cointelegraph.com/news/ruben-gallego-rushed-clarity-act-senate-vote
Bitcoin Breakout:
$BTC briefly hit $70K for the first time since June, rising over 7% as expanded U.S. Treasury bond buybacks improved liquidity and renewed optimism around the CLARITY Act supported risk appetite.
The move also fueled a major short squeeze.
Crypto Market Rally:
Ether led the majors, jumping 18% to above $2,250 and gaining roughly 20% for the week.
Bitcoin traded above $69K, while SOL and XRP rose over 10%, as Treasury buybacks boosted liquidity and forced a major short squeeze.
𝕏 Stablecoin Payments:
Elon Musk’s X is reportedly exploring stablecoins, including USDC, to pay creators and influencers under its new Original Content Rewards Program.
Talks are ongoing, with no official confirmation, token choice or launch timeline yet.
Bitcoin Outlook:
BTC pushed above $72K as Treasury liquidity support and a weaker U.S. dollar boosted risk appetite.
Over $3B in crypto shorts were liquidated, but the next sustained move may depend on Fed policy signals and whether BTC can hold above the key $68K level.
Bitcoin Macro Watch:
Strategist Mark Connors says expanded U.S. Treasury bond buybacks could lower long term yields, improve liquidity and create a more favorable backdrop for BTC potentially supporting a path toward $180K.
But it remains a long term, speculative target, with progress on the CLARITY Act a key near term risk.
CFTC Crypto Plan B:
Chair Michael Selig has directed staff to explore crypto market rules using existing authority if the CLARITY Act stalls.
The proposal could let eligible exchanges seek CFTC designation as “crypto asset markets,” but it is not yet a formal rule or substitute for congressional legislation.
Crypto News Flash & Market Sentiment: 🟢 Bullish Bitcoin’s breakout above $68K, $1.4B in short liquidations, rising crypto stocks and renewed optimism around U.S. crypto regulation are pushing sentiment higher.
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