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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

Bloomberg strategist warns bitcoin could fall to $10,000

A Bloomberg Intelligence strategist warned bitcoin could fall to about $10,000 in the medium term, citing signs that a speculative bubble is deflating. Mike McGlone said bitcoin has lagged U.S. stocks even as indexes hit records, and has failed to hold above $69,000. He said past rallies relied on temporary support such as cheap liquidity and the launch of U.S. spot ETFs, while current ETF inflows and regulatory optimism have faded.

Industry

RAM price surge rattles Big Tech as Microsoft drops 32GB recommendation, Apple faces sourcing squeeze

A global surge in memory prices is reshaping PC operating-system strategy and device component sourcing. Microsoft has effectively withdrawn guidance recommending 32GB of RAM for high-performance PCs and is working to optimise Windows 11 to run smoothly with 8GB. Apple is also affected, facing difficulties securing mobile DRAM for next-generation iPhone and MacBook models. Talks with China’s CXMT reportedly stalled over pricing as memory shortages spread across PC and smartphone markets.