Bitcoin gains 4% as CLARITY Act and hacks shape crypto week
The crypto market ended the week higher even as U. S. equities slipped. SummaryBitcoin gained 4. 16% as total crypto capitalization rose 2. 30% to $2. 22 trillion during the week. CLARITY Act passage odds improved. . .
The crypto market ended the week higher even as U. S. equities slipped. SummaryBitcoin gained 4. 16% as total crypto capitalization rose 2. 30% to $2. 22 trillion during the week. CLARITY Act passage odds improved despite resistance over ethics, enforcement powers and political conflict concerns. Bridge attacks drained AFX and Allbridge while BitMEX scheduled its September exchange shutdown for users. CoinMarketCap’s six-part recapplacedtotal crypto capitalization at $2. 22 trillion, up 2. 30%, with Bitcoin gaining 4. 16% and Ether rising 2. 98%. The S&P 500 lost 0. 53%, while the Nasdaq Composite barely moved. Altcoins also posted selective gains during the week. CMC Market Pulse: Crypto Market Seeks ClarityBTC +4. 16%, ETH +2. 98%. Market cap climbs to $2. 22T as crypto decouples from weak equities. All eyes on the CLARITY Act as a potential market catalyst. Let's break down this week's top crypto narratives 🧵1/6pic. twitter. com/b69e4RUdZG— CoinMarketCap (@CoinMarketCap)July 24, 2026CoinMarketCap described the week’s theme as “crypto market seeks clarity. ” Liquidations remained contained, with shorts closing earlier and longs later. Funding rates stayed near neutral, suggesting leverage had not reached levels seen during sharper market swings. Bitcoin leads while policy returns to focusBitcoin and Ether led the recovery as traders watched the latest U. S. market structure bill. Senator Cynthia Lummisreleased updated CLARITY Act texton July 22 after Senate Banking and Agriculture committees merged their work. The draft covers regulator duties, developer protections, stablecoin rules, ethics, anti-money laundering controls and law enforcement provisions. Lummis called the coming weeks the “last real chance” to pass the legislation for years. However, Senator Elizabeth Warren and other Democrats criticized its ethics language and enforcement structure. As crypto. news previouslyreported, disputes over political conflicts, decentralized finance protections and crime investigations have repeatedly slowed the bill, even as prediction-market estimates for passage rose. Corporate balance-sheet activity added another signal. Strategyincreased its U. S. dollar reserveby $225 million to roughly $3. 2 billion after selling common shares, while keeping 843,775 BTC. The reserve supports preferred-stock dividends and debt interest rather than new Bitcoin purchases. Shutdowns and project changes reshape the sectorBitMEXannouncedthat it will close on Sept. 23 at 04:00 UTC after reviewing its business and the wider market. The derivatives platform stopped new registrations and will block new positions from Aug. 26. Users can reduce positions and withdraw assets before the final shutdown. The closure ends an 11-year run for a platform that helped popularize perpetual swaps and high-leverage crypto derivatives. As crypto. news reported before the announcement, BitMEXreplacedsenior executives in June while reports of a possible sale continued. The shutdown added pressure to smaller centralized exchanges competing for liquidity and paying higher compliance costs. Other projects also changed direction. CoinMarketCap’s project updatesaid Hyperliquid outlined permissionless HIP-4 outcome markets requiring 500,000 HYPE in staking support. Pump. fun introduced BOOST Mode for new launches, while ENS DAO activated a two-year security council able to stop transactions considered malicious. Bridge attacks bring security risks back into viewSeveral cross-chain systems reported attacks. AFX Trade lost about $24. 15 million in USDC after attackers obtained enough validator signatures to approve a bridge withdrawal. Arbitrum said the attack did not affect its native bridge. AFX paused operations while investigators reviewed the compromised signing setup. Allbridge also halted its core bridge after a $1. 65 million flash-loan attack on Solana liquidity pools. The attacker manipulated pool balances, withdrew assets at favorable rates and moved proceeds toward Ethereum. Across Protocol faced a separate Solana incident, but the project said the loss affected a Risk Labs-operated relayer rather than customer funds. It later restored Solana deposits. The incidents returned bridge design and key management to the center of DeFi security. As crypto. newsreportedin earlier coverage, attacks have continued through 2026, including losses involving Kelp DAO and Axelar routes connected to Secret Network. Institutional capital and tokenization continue expandingInstitutional deals provided a different market narrative. Crypto. comannounceda $400 million investment from Citadel Securities at a $20 billion valuation. The company said it will use the funding to expand tokenized securities, derivatives and other asset classes across a planned 24/7 financial platform. S&P Dow Jones Indices and Pantera Capital alsolaunchedthe S&P Pantera Digital Asset Index. The benchmark uses a rules-based method focused on productive blockchain assets and companies with measurable use or revenue, rather than relying only on token popularity or price momentum. Meanwhile, xStocksmoved beyond U. S. sharesby adding tokenized exposure to Hong Kong-listed equities through Payward and GTN. The companies plan to consider U. K. , European and South Korean securities after securing required approvals. Tokenizedequity value and trading activity have expanded as exchanges and traditional firms build around-the-clock products. The week combined a market rebound with unresolved policy talks, security failures and infrastructure investment. Bitcoin and Ether finished higher, but stronger prices did not remove operational risks. The next market test will depend on the CLARITY Act’s Senate path, responses to bridge attacks and whether institutional funding converts into sustained trading and settlement activity. Traders will also watch funding rates and liquidation pressure closely.