Bitcoin and crypto prices didn’t move much in the past 24 hours despite a short bounce after the FOMC meeting. BTC pumped to over $65,000 but quickly reversed those gains and is now back below $64,000. The Fed kept interest rates unchanged, but delivered what many are calling a “hawkish hold.”
Fed Chair Warsh gave much less forward guidance compared to the Powell era, emphasizing that the Fed will constantly look at the data and let markets price things in themselves. That could increase market volatility as new data is released in the coming period.
But at the same time, there are some really interesting crypto news to cover today. Let me dive in.
What you'll learn 👉
Lummis Calls Out Democrats on Clarity Act
Republican Senator Cynthia Lummis called out the Democrats for holding up the Clarity Act. Her message was direct:
“After nearly 11 months of giving almost everything asked of us, I genuinely don’t know what else my Democrat colleagues need before we act.”
The Clarity Act has been stalled for months. The ethics provision was resolved. The bill text is ready. But Democrats are reportedly opposed to giving Trump a win ahead of the midterms. Lummis’s frustration reflects the growing impatience in the crypto industry, which has been waiting for regulatory clarity for years.
Crypto VC Activity Hits Lowest Level Since 2020
Only 150 unique venture funds participated in crypto funding rounds this month, according to CryptoRank. That marks the lowest monthly count since November 2020. The peak was 1,177 active VCs in March 2022. The steep drop signals a far tighter venture market where a smaller group of funds is deploying capital with extreme selectivity.
This is a significant shift. The crypto venture market is contracting. Funds are being more selective. The era of easy money is over.
Tokenized Equity Holders Hit Record 759K, New Bitcoin ETFs Data
Tokenized equity holders just hit a record 759,000 , up 522% year-to-date and 92% in the last 30 days alone. Chip and memory stocks (including MU and MRVL) are the most popular tokenized assets, fueled by demand to trade equities outside regular market hours.
This is a structural inflection in how equities trade onchain. Jupiter’s 360% YTD volume growth in off-market trading signals tokenized equities moving from niche to mainstream. For MU specifically, the tokenized-equity demand surge adds a structural bid layer on top of spot and perp markets. If holder growth continues at the current 92% per month clip, that pace projects past 1 million holders by year-end.
U.S. spot Bitcoin ETFs recorded net inflows of $32.11 million on July 29, according to SoSoValue. BlackRock’s IBIT attracted $89.83 million as outflows from other funds offset part of the gain. Among spot Ethereum ETFs, Morgan Stanley’s newly launched Ethereum Trust (MSSE) posted the largest inflow at $14.30 million.
The inflows are positive but modest. The market is still cautious.
Jay Clayton Confirmed as Director of National Intelligence
JUST IN: Jay Clayton is officially the 9th Director of National Intelligence. The Senate confirmed him 51-47. This is the same Jay Clayton who, as SEC Chair, launched the massive lawsuit against Ripple that lit the crypto world on fire. From Wall Street regulator to SDNY U.S. Attorney… and now running America’s entire intelligence apparatus.
Some are calling it a nice prize for dropping the lawsuit against Ripple. Perhaps it hints at the silent hand maneuvering the XRPL in degrees toward its destination.
The Fed’s Hawkish Hold
The Federal Reserve kept interest rates unchanged. The market was expecting that. But the tone of the meeting was more interesting than the decision itself.
Fed Chair Kevin Warsh delivered what many are calling a “hawkish hold.” Rates didn’t move, but the messaging was clear: the Fed is not done with its inflation fight. The central bank is keeping its options open, and the market should not assume the next move is a cut.
The point that caught my attention is Warsh giving much less forward guidance compared to the Powell era. One out of every two things he says emphasizes that the Fed will constantly look at the data and let markets price things in themselves. That is a deliberate shift away from the previous Fed’s communication style, which often tried to signal future policy moves well in advance.
This approach could have real consequences for crypto markets. Without clear forward guidance, traders cannot easily price in future rate decisions. Every piece of economic data – jobs reports, inflation prints, consumer spending – becomes a potential catalyst for volatility. The market will react to each data point as it arrives, rather than relying on the Fed’s roadmap.
Some analysts have noted that Trump has picked a Fed chair just like himself: unpredictable, willing to challenge convention, and comfortable with market uncertainty. Warsh’s approach may be more honest (no one can predict where the economy is heading) but it also means that crypto traders should brace for a bumpier ride in the coming months.
Read also: Claude AI Predicts Bitcoin and Ethereum Prices After the Fed Holds Interest Rates Steady
My Take on Crypto News Today
The crypto news today is a mix of political frustration, institutional caution, and structural growth. The Clarity Act is stalled. VC funding is drying up. But tokenized equities are exploding, and Bitcoin ETFs are seeing inflows.
Jay Clayton’s confirmation is worth watching. The same man who sued Ripple is now running U.S. intelligence. That is not a coincidence. The regulatory landscape is shifting.
For traders, the short-term direction is unclear. The Fed’s hawkish hold is keeping markets on edge. The Clarity Act is still uncertain. But the long-term trends (tokenized equities, ETF inflows, and institutional adoption) are still intact.
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