$BTC Breaking through 66,000, the CLARITY Act is drawing near to implementation, and ETH memes are entering a golden window! Revisiting the history of 10,000x DOGE/SHIB/PEPE gains, the Musk family narrative is the strongest consensus engine. #puppies Rooted in Ethereum, Musk and Maye Musk continue to link up and boost it—pure global-community BUIDL, with no project-team playbook tricks. The next wave never waits; only early builders can seize the dividend—come to the comment section and share your thoughts~ 👇🏻👇🏻👇🏻

The legislative drama of the U.S. “CLARITY Act” (Digital Asset Market Clarity Act), after more than a year of contention, has entered its most critical and most dramatic stage. Bill core: ending the regulatory “gray zone” The bill aims to end the long-running chaos in the U.S. crypto industry that relies on “enforcement-style regulation.” Its core is to clearly define the jurisdictional boundaries between the SEC (Securities and Exchange Commission) and the CFTC (Commodity Futures Trading Commission) at the legal level. Digital asset three-tier classification: explicitly dividing assets into digital commodities (e.g., BTC/ETH, under the CFTC), investment contract-type assets (early tokens, under the SEC), and licensed-payment stablecoins. Dynamic regulation: allows “investment contract-type assets,” after achieving sufficient decentralization on blockchain networks, to “graduate” into “digital commodities.” Clear rules: establishes systems such as exchange registration, issuer disclosure, and segregation of customer assets. Legislative process: twists and turns House passes: on July 17, 2025, passed with a high vote of 294 to 134. Senate stalemate: the Senate proposed rewriting it, leading to a year-long tug-of-war. Committee approval: in May 2026, the Senate Banking Committee approved the revised version by a vote of 15 to 9. Final obstacle: the fight over “ethical provisions” has become the focus on whether the bill can pass before the August recess. Trump’s crypto empire and “ethical provisions” The controversy stems from Trump’s massive crypto interests. OGE disclosed that its 2025 crypto-related income exceeded $1.4 billion, mainly from World Liberty Financial (WLF) and the $TRUMP meme coin. To calm the controversy, the bill added “ethical provisions”: Ban on issuing tokens: bans officials such as the president and members of Congress, and their spouses, from issuing or sponsoring digital assets for profit during their term. Position limits: officials must sell their holdings or place them into blind trusts; any sale over $1,000 must be disclosed. Sunset clause: the ban automatically expires on January 20, 2029 (the day Trump’s term ends). Controversial backdoor: the ban does not cover children (Trump’s business is managed by his son); enforcement power is assigned to the Department of Justice appointed by the president rather than the states, which Democrats criticized as “letting the president’s people enforce the laws that constrain the president.” Bill outlook: grim odds? Due to the above controversies, Polymarket’s market predictions show the probability of passage for 2026 fell from 82% in February to 24% by mid-July. Although it has since rebounded to around 39%, it is still far below expectations. After the August recess, it will enter a midterm-election mode. If an agreement cannot be reached this week, the window for legislation this year will basically close. The future of this bill remains uncertain. $ETH ‌$BTC ‌

US initial jobless claims data acts as a high-frequency “weather vane” for the employment market, indirectly flowing into the crypto market by influencing expectations for Federal Reserve monetary policy. When the number of unemployment benefit claims is higher than expected, the market bets on the employment market cooling and inflation easing. The Fed accelerates its rate-cutting pace, the US dollar weakens, and US Treasury yields fall. Funds tend to flow into risk assets such as Bitcoin, which is a near-term tailwind for coin prices to rise. Conversely, when unemployment claims are lower than expected, employment resilience beyond expectations implies that the high-interest-rate cycle will last longer. Rate-cut expectations are delayed; the dollar strengthens; risk assets face pressure; and the chart bias leans toward a pullback. But it’s especially important to note that single-week jobless claims data is, in essence, only a short-term sentiment catalyst and cannot reverse the broader market trend out of thin air. History has repeatedly verified this: rallies driven by “good data” often turn into stop-hunting and fakeouts. If key pressure levels are clearly defined at the daily level and the larger structure is still in a short-biased pattern, then after the spike it’s highly likely to waterfall back down. Betting on data against the larger structure is no different from licking blood at the edge of a knife. In addition, there are two deeper logics that are easy to overlook. First, BTC and ETH (大饼/二饼) have different sensitivities to jobless claims. BTC is more about macro liquidity pricing and tends to be relatively stable in volatility, while ETH is more speculative, and after the data release the percentage swings are often far beyond BTC$BTC —contract risk is amplified by multiples. Second, if jobless claims keep rising for multiple consecutive weeks, it looks like a short-term positive for the coin market, but hidden underneath is the risk of an economic downturn. Once the market panics and lands hard, institutions will sell risk assets at any cost to buy dollar safe havens. At that time, BTC and ETH are actually more likely to experience a brutal selloff—this is the “second-order negative effect” that most people ignore. #GOOGL财报亮眼但盘后跌超3% Zhixia’s take Many friends who trade only remember one rule of thumb: if jobless claims are higher than expected, go long; if lower than expected, go short. Chasing the data after others will repeatedly get you stopped out and swept by needles. I’ve been in the crypto space for so many years, and I’ve never bet on a one-way move by relying on just one piece of data. To be blunt, data only amplifies the current trend; it won’t magically flip direction. If you bet on jobless claims against the larger trend, winning ten times won’t make up for one loss. And also, you all should know how volatile ETH is—when the data comes out, it whips up and down. You can play a couple of times with a small position, but absolutely don’t go heavy and gamble. If you can’t hold through it, you won’t make it. Going deeper: if jobless claims keep rising for several weeks, it looks like good news on the surface, but it’s actually a signal that the economy is in trouble. By then, institutions will run faster than anyone else, and BTC and ETH will still get smashed down. Anyway, remember this one line: don’t chase the data crowd; staying alive matters more than how much you can make.