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Bitcoin News:

• US lawmakers advance bill to lock Trump’s Bitcoin reserve into law
  The legislation would effectively codify Trump’s Bitcoin reserve policy, locking up Bitcoin acquired through civil and criminal forfeiture for 20 years.
• Bitcoin awaits Fed rate decision below $76K as analysis discounts ‘dovish surprise’ odds
  Bitcoin price support materialized around $68,000 as markets saw a 93% chance of the Fed hiking rates by 0.25% on Wednesday.
• Ethiopia cuts Bitcoin miners’ power by 77% amid hydropower shortage: Report
  Bitcoin miners generated 35% of the state-owned power producer’s revenue last year, but declining reservoir inflows led the utility to prioritize households and manufacturers.
• Bitcoin Coinbase Premium hits monthly low as CLARITY Act vote squeezes US demand
  Bitcoin exchange demand on Coinbase declined after the US Senate voted against the CLARITY Act, while traders sent BTC to exchanges at an unrealized loss.
• Bitcoin ETFs shed $450M in biggest outflow since June
  The $450 million withdrawal came as Bitcoin fell 2.5% and the CLARITY Act failed to advance in the Senate, with Fidelity and BlackRock funds leading the outflows.

• CLARITY Act could get another shot during lame-duck session, policy advocate says
  Digital Sovereignty Alliance managing director Adrian Wall said senators from both parties are considering another attempt to advance the crypto market structure bill before the current Congress ends.
• UK FCA sets crypto authorization guidance ahead of September application window
  The FCA’s new guidance outlines which crypto activities may require authorization as firms prepare for the UK’s incoming digital asset regulatory regime.
• US House tax committee advances crypto tax overhaul in 38–5 vote
  A bipartisan House committee vote advanced legislation that would reshape federal tax rules for stablecoins, staking, crypto lending and digital asset transactions.
• Bernstein expects ‘aggressive’ rulemaking from SEC, CFTC, following CLARITY Act failure
  Bernstein said the federal agencies will publish new regulations to compensate for the time lost negotiating the CLARITY Act, after its cloture vote failed on Tuesday.
• Crypto industry turns to US regulators after CLARITY setback
  The CLARITY Act still has a procedural path after Senator Thom Tillis moved to reconsider the failed cloture vote, though industry executives are divided over whether Congress has enough time left.