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Ahmed Barakat
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The stablecoin market has lost more than $10 billion since May, but that may not be a warning sign. Instead, money is flowing into memecoins as investors chase higher returns on the Robinhood chain. Bitcoin, Ethereum, and the CLARITY Act are now driving the value proposition, and lawmakers are expected to unveil an updated version of the bill next week.
Japan raised hopes for WebX 2026. Prime Minister Sanae Takaichi pledged strong support for Web3 through funding and policy. Fundstrat’s Tom Lee also grabbed headlines when he called Ethereum a permanent part of the AI economy, a sentiment that continues to attract institutional interest.
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CLARITY Act Progress Boosts Bitcoin Sentiment
The CLARITY Act could reach Congress as early as July 17, giving the crypto industry its biggest regulatory window of the year. Supporters hope the proposal will clarify which digital assets fall under copyright laws and which are considered commercial. If passed, the CLARITY Act could remove one of the biggest barriers to crypto.
However, Bitcoin’s price dropped below $63,000 over the weekend amid political tensions that rocked the markets. The decline resulted in a $14 million long-term liquidation, but buyers quickly jumped in before it was destroyed. By Sunday, Bitcoin had stabilized again at $63,000 to $64,000.
New demand is showing up elsewhere, with the Coinbase Premium Index climbing back to neutral after 55 straight days in negative territory, indicating US buyers are getting active again. Not only that, Bitcoin ETFs also recorded entries after nine weeks of withdrawals, giving the bulls another reason to believe.
As of today, however, Fidelity’s Jurrien Timmer is still waiting for another shock before the next meeting, $60K sits below. Michael Saylor also encouraged consideration of another purchase after sharing his latest Bitcoin tracker update. Another orange drop from him may come soon, as usual.
Another talking point is BIP 110, a proposal that would limit the immutable data stored in Bitcoin transactions. Opponents, including Adam Back and Michael Saylor, argue that the change could divide the community without solving a meaningful problem. Meanwhile, businesses are showing little concern as attention is not focused on the CLARITY Act.
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The price of Ethereum attracts the attention of the organization
The price of Ethereum has been hovering around $1,800 despite the quiet weekend in the crypto market. Prices have fallen, but corporate interest has not.
Speaking at WebX 2026, Tom Lee described Ethereum as the foundation of the emerging AI economy. He said that the growth of the establishment of investment companies, the Robinhood Chain establishment, and the control of major factors such as the reasons for the Ethereum price can enter a new cycle.
Not just news, Tom Lee’s company, Bitmine, now has 5.74 million ETH, or about 4.8% of everything sell, and plan to increase the share. In agreement with Lee, Ethereum whales bought another $20.6 million worth of ETH even after several days of the release.
But that’s not all, the development of the ETH network has been active. The Ethereum Foundation confirmed that one of its AI agents had discovered a bug before researchers could confirm the issue. A separate Cambridge study found Ethereum’s transition to Proof of Stake reduced electricity consumption by 99.9%, strengthening its case among organizations focused on sustainability.
So, with all this news, what should we expect this week?
The next few days could be important in the market. We’re looking at the CLARITY Act for signs of an administrative crisis. If this trend continues, the price of Bitcoin and Ethereum may exceed their recent strength. At the moment, the departure from stablecoins seems to be less like a departure from crypto and if traders are moving to the assets with higher value, while the price of Ethereum continues to receive support from long-term buyers.
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