Overview

• The U.S. GENIUS Act, signed July 18, provides the first comprehensive federal framework for stablecoins and digital assets.
• Brazil will hold a public hearing on August 20 to discuss establishing a Strategic Bitcoin Reserve as a national financial asset.
• Bloomberg analysts now see a 90–95% chance of SEC approval for major crypto ETFs next year, including products for Solana, XRP and Dogecoin.
• Bitcoin breached $123,000 Thursday as major institutions resumed large-scale purchases of Bitcoin and Ethereum.
• AI tools like ChatGPT have spotlighted Bitcoin Hyper’s Layer-2 presale, which has raised over $7.4 million to develop a Solana-compatible smart-contract network on Bitcoin.