Crypto

White House engages industry as Clarity Act wavers and crypto market splits

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.

Crypto

XRP slides nearly 73 percent from record high, fuels bottom calls and $11 target

XRP fell 72.96 percent from its July 2025 record high and briefly slipped below $1, touching $0.9916 for the first time since 2024, The Crypto Basic reported. Views on the move are divided, with some seeing a deeper downtrend and others a bottoming phase before a rebound. Analysts cited oversold signals and long-term support, while critics warned the break below $1 was negative. Traders are watching $1.06 as key resistance.