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Crypto

Crypto card daily spending hits record high as Visa network and regulatory overhaul drive growth

Daily spending on cryptocurrency payment cards hit a record $36.82 million on July 20. Data showed usage has roughly tripled over the past year even as major crypto prices moved sideways. KAST led daily card payments with $13.64 million, briefly overtaking Hong Kong stablecoin payments firm RedotPay, though the lead flipped back within 24 hours. Market participants cited regulatory clarity and Visa network access as key drivers, while some attributed the spike to KAST incentives.

Crypto

Five factors Fidelity says could end the crypto bear market

With bitcoin trading around $60,000, Fidelity describes the current downturn as a typical “crypto winter” and set out five factors that could help end the bear market. It points to bitcoin’s four-year cycle and the post-halving supply cut, clearer U.S. regulation including the Clarity bill, and Federal Reserve policy as key drivers. Fidelity also cites new use cases such as RWA tokenisation, AI-related infrastructure and stablecoins, as well as renewed institutional adoption.

Crypto

Can U.S. Clarity bill move fast? Senate 60 votes and ethics clause are decisive

The U.S. Clarity bill has reached the stage where it can be brought to a Senate floor vote, but its passage hinges on securing about seven Democratic votes to reach the 60-vote threshold needed to overcome a filibuster. House Republicans say they are prepared to move quickly if the Senate passes the bill, potentially shortening bicameral coordination. Debate also centers on unresolved ethics provisions and other contested clauses.