The dominant theme in digital assets over the past week was the U.S. Digital Asset Market Structure Act, known as the Clarity Act. As the bill stalls, the White House and regulators expanded direct contacts with the industry. In South Korea, a revised anti-money laundering law takes effect on Aug. 20, tightening entry requirements. Markets also tracked bitcoin’s range near $63,000, sharp debate over its outlook, XRP weakness and growing won stablecoin proof-of-concept activity.

Large holders of bitcoin, ether and XRP increased their holdings during periods of price weakness, according to an analysis cited by Cointelegraph. On-chain data firm CryptoQuant said rising whale balances in weak price zones can reduce available supply and concentrate holdings, though further declines remain possible. Bitcoin whale holdings excluding exchanges and mining pools rose to about 3.06 million BTC. Ether wallets holding 10,000 to 100,000 ETH hit a record, and large XRP orders stayed elevated.