[DigitalToday reporter Hyunwoo Choo] Bitcoin rose above $66,000, marking its highest level in a month. The key catalyst for the rise is a signal that political gridlock over the CLARITY Act is easing. News that President Trump accepted an ethics provision included in the bill raised expectations of reduced regulatory uncertainty and lifted investor sentiment.

U.S. spot bitcoin ETFs also posted net inflows for a fifth straight session, with total inflows of $727.3 million. A tailwind for semiconductor stocks also provided a supportive backdrop. Chip-related shares strengthened again, easing investors' risk-averse sentiment and opening space for bitcoin to gain upside momentum.

• Bitcoin breaks above $66,000... highest in a month • White House reaches deal on CLARITY Act ethics provision, 'relief rally' in crypto... BTC and XRP rebound together • U.S. Treasury Secretary: "The CLARITY Act is right around the corner"... White House and Democrats mount last-ditch push

Cryptocurrency prices rose after reports said the White House agreed on an ethics provision in the CLARITY Act. Still, a Senate vote remains uncertain because the bill's wording has yet to be released and Democratic votes still need to be secured. The White House pressured Senate Democrats to accept an agreement limiting Trump's cryptocurrency conflicts of interest. Details of the ethics provision were not disclosed, and less than three weeks remain until the CLARITY Act voting deadline.

Even so, the market's calculus remains complicated. On prediction market platform Polymarket, the odds of the CLARITY Act passing within the year fell sharply to 40 percent from 55 percent in early this month as conflict-of-interest controversy over crypto businesses linked to Trump's family resurfaced. Democratic Senator Ruben Gallego (루벤 가예고) said the level of the ethics provision proposed by Republicans was "unacceptable," and work to integrate revisions by the Senate Banking Committee and the Agriculture Committee has yet to be completed.

One prediction-market tally also showed the likelihood of passage within the year falling to 32 percent. A common view inside and outside the market is that it is too early to be either optimistic or pessimistic until the White House's dramatic concession is confirmed in the bill's actual text. With limited legislative days left ahead of the Senate's August recess, the revised bill language expected to be released early next week is set to be the turning point in this phase.

• Fed chair Kevin Warsh: "Cryptocurrency is not a bailout target" • BitMine's Tom Lee: "Ethereum is the beneficiary of AI proliferation" • Three conditions for a $100,000 bitcoin rally: "legislation, rate cuts and buying" • Forecast emerges for $80,000 bitcoin in August... focus on supply around $67,000

Macro variables that could determine bitcoin's direction were also back in focus this week. Federal Reserve Chair Kevin Warsh said in House testimony that the Fed would not treat any industry as a bailout target and made clear that cryptocurrency was no exception. Warsh is known to have evaluated bitcoin favorably in private, but in his official remarks he stressed the principle of market self-responsibility and drew a line under expectations that the central bank would serve as a backstop in a stablecoin crisis. Analysis says this hawkish stance could subtly affect expectations for a "rate cut," one of three key conditions cited as driving a $100,000 bitcoin rally alongside passage of the CLARITY Act.

Price action itself remains range-bound. PlanB's projection of a long-term target of $500,000 based on the halving cycle and remarks by BitMine Chairman Tom Lee that ethereum is a beneficiary of AI proliferation show that optimism remains in the market. In the near term, the dual burden of geopolitical tensions and legislative uncertainty appears to be limiting upside.

⦁ Will the Digital Asset Basic Act emerge within the year... government and ruling party push to move faster

With the government setting a goal of completing digital asset legislation within the year, the ruling Democratic Party is also pushing to propose an integrated party-government plan in September. Still, it remains to be seen whether legislation will gain speed, as key issues such as restructuring the party's Digital Asset Task Force and the issuance structure for a won-based stablecoin remain to be coordinated.

• Hyundai Motor wraps up pilot for USDT treasury transfers between U.S. and Mexico units • Anchorage Digital expands tron TRX staking support for institutions

Use cases of stablecoins in traditional industries also continued. Hyundai Motor completed a proof of concept to convert $20,000 into USDT on the Avalanche blockchain and remit it between its U.S. and Mexico units. A key point was that processing time was cut to 7 minutes from 3 to 4 hours using the existing banking network. Hyundai Card oversaw the remittance structure design and checks of regulatory and accounting requirements. In the next phase, it plans to expand the test scope to the payment leg and local-currency settlement. As a case of a major South Korean company actually applying stablecoins to treasury operations between overseas units, it is seen as a reference case for domestic legislative discussions on won-based stablecoins. Meanwhile, institutional asset management service Anchorage Digital expanded tron (TRX) staking support for institutional investors, showing a broadening base of institutional funds in the altcoin area.

• Satoshi's quantum-response concept from 16 years ago became the backbone of bitcoin BIP-360 and 361 • Kaspersky detects malware framework targeting crypto investors

Security and technology issues are also worth watching. Analysis has been revisited that a quantum-computing response concept left by Satoshi Nakamoto 16 years ago became the backbone of bitcoin improvement proposals (BIP) 360 and 361 now under discussion. With interest in quantum-resistant coins rising after Google said the quantum resources needed to crack bitcoin and ethereum encryption could be less than previously expected, the founder's long-standing design philosophy appears to have been summoned again as a practical line of defense. Security threats do not remain only at the technical level. Global security firm Kaspersky said it detected a new malware framework that precisely targets cryptocurrency investors, raising the need for security vigilance among individual investors as well.

• Dogecoin sees 0 dollars in short liquidations over 12 hours... where did bearish bets go • Shiba Inu daily burn reaches 6.75 million... SHIB burn rate up 140 percent

In the small-cap altcoin market, all dogecoin short positions were liquidated in 12 hours, making bearish bets disappear. Shiba Inu saw 6.75 million tokens burned in a day, with the burn rate jumping 140 percent, adding to meme coin-specific event-driven catalysts.