Crypto markets rally on Clarity progress report, Asian chip-stock rebound
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- Bitcoin broke above $66,000 for the first time since June 17 as Eleanor Terrett reported on X that President Donald Trump agreed to a crucial ethics provision on the Clarity Act, with the specific language shared with a group of Senate Republicans.
- Asian semiconductor stocks reversed last week's selloff, providing an additional tailwind to a broad risk rally that lifted crypto and AI-linked equities.
- BTC futures open interest jumped to 770,000 from under 750,000 a day earlier, and the 24-hour OI-adjusted cumulative volume delta was the most positive among major tokens — a sign bulls were driving price via market orders.
- DOGE futures saw open interest climb to 15.50 billion tokens, the highest since May 5, though a negative 24-hour CVD indicated bears were leading that specific market.
- Solana's tokenized asset volume hit a record $5.8 billion in Q2, up 114% quarter-over-quarter and extending a six-quarter growth streak led by tokenized equities.
- Centralized exchange volumes rose in June for the first time in five months, with spot climbing 15.3% to $1.11 trillion and RWA perpetual volumes hitting a record $311 billion.
Why it matters: If the ethics provision clears the Senate, the Clarity Act would end years of enforcement-led crypto oversight by drawing a formal line between digital commodities and securities — directly benefiting the altcoins and tokenization plays seeing inflows now, with Solana's $5.8B tokenized-asset record and a near-tripling of the broader RWA market to $33B underscoring the institutional demand waiting on regulatory certainty.
