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Wall Street lost $800B. Bitcoin fell less than 1%. Thread

β€’ Brandon Bartlett

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Wall Street lost $800B. Bitcoin fell less than 1%. Thread πŸ§΅πŸ‘‡

1/ The Magnificent Seven shed $797B on Thursday β€” their worst day since April 2025. Nasdaq down 1.9%. S&P down 1.2%. Trigger: AI spending fears after Alphabet and Tesla earnings disappointed.

2/ Bitcoin held near $65,000. Down less than 1% on a day the AI trade had its worst session in 15 months. Is this the decoupling? That is the most important question in crypto right now.

3/ Six federal agencies missed the GENIUS Act stablecoin deadline on July 18. Every exchange and stablecoin issuer is now in a regulatory grey zone. January 2027 enforcement starts regardless of whether final rules exist.

4/ CLARITY Act misses pre-recess window. Majority Leader Thune says August 7 deadline likely missed. White House crypto adviser Patrick Witt pushes back β€” first week of August still possible. Goldman Sachs CEO backs the bill publicly.

5/ US-Iran tensions push oil above $90. Inflation fears return. Bitcoin ETFs logged $225M in outflows Thursday β€” breaking a 7-day inflow streak. Fed hike odds rise from 10% to 20-40% depending on the source.

6/ BNY Mellon commits to tokenised US Treasury settlement by late 2026. The oldest bank in America goes on-chain. Combined with DTCC and SWIFT β€” the institutional buildout is accelerating in the middle of a bear market.

7/ But here is what really matters. Fed meets July 28-29. CLARITY Act may still get a Senate floor start before August 8 recess. A Fed hold plus CLARITY Act progress in the same week is the scenario institutional money has been waiting for.

8/ The next 7 days will define the second half of 2026 for crypto. We lay out every scenario and exactly what to do in each one.

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#Bitcoin #Crypto #BTC #CLARITYAct #GENIUSAct #Fed #FOMC #TheBlock #OrangeBrickRoad #CryptoAustralia #ETF #wallstreet #bitcoindecoupling #stablecoins #BNYMellon

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