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Senate Majority Leader: the CLARITY Act may receive a preliminary vote before the Senate adjourns this week
Senate Majority Leader John Thune said that he still expects the Senate to hold an initial vote on the CLARITY Act before the Senate’s planned recess this week.
"I think we will have a vote. Whether it can move forward remains to be seen."
Data: Crypto spot trading activity continued to shrink, with average daily turnover last week falling to about $15 billion, a year-to-date low
According to analysis by The Kobeissi Letter, data from 44 spot exchanges tracked by Kaiko shows that the daily average trading volume in crypto spot markets dropped to approximately $15 billion last week, the lowest level of the year, a decline of about 70% from the January peak. For comparison, there were two trading days in February when volume exceeded $100 billion.
It notes that since December 2025, the daily average trading volume trend has declined by around 50% to $20 billion, also the lowest of the year. Meanwhile, trading volume remains highly concentrated, with the top six exchanges accounting for over 60% of total trading activity, indicating that liquidity in the crypto market is drying up.
FBI agent accused of stealing $1 million in crypto, allegedly turned to ChatGPT for vacation plans
Patrick Yaroch was arrested after allegedly stealing about $1 million in cryptocurrency from "adversarial cryptocurrency accounts," the Aug. 1 affidavit says. He allegedly began transfers in late 2024 or early 2025 after finding wallet keys and made about a dozen transfers. He told investigators he was frustrated an "adversarial nation" could use crypto and told a DOJ employee he "made some very poor decisions related to cryptocurrency wallets." Yaroch, a supervisory special agent in the FBI's counterintelligence and espionage division, was fired July 31.
Yaroch said he mixed personal and crypto funds and used ChatGPT to ask how to spend or invest $1 million and about leaving the U.S.; the affidavit says ChatGPT recommended Portugal. He purchased a ticket to Portugal departing Sept. 3. He has been charged with interstate transportation of stolen goods and receipt of stolen goods, securities and money, according to a court document.
Bitcoin & Ethereum Spot ETF Flow
Bitcoin Spot ETF saw a total net inflow of 170.09M USD yesterday, with none of the twelve ETFs experiencing a net outflow
According to SoSoValue data, Bitcoin spot ETF saw a total net inflow of 170.09M USD yesterday (Eastern Time, August 3th).
The Bitcoin Spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of 111.43M USD, and the total historical net inflow of IBIT currently stands at 60.59B USD.
The second highest was Fidelity's ETF FBTC, with a daily net inflow of 33.36M USD, and the total historical net inflow of FBTC currently stands at 9.95B USD.
As of the time of publication, the total net asset value of Bitcoin Spot ETFs is 77.58B USD, with an ETF net asset ratio (market capitalization relative to the total Bitcoin market cap) of 6.06%. The historical cumulative net inflow has reached 51.49B USD.
The Ethereum spot ETF saw a total net outflow of $11.4178 million yesterday, with BlackRock's ETHB leading in net inflows of $5.7791 million
According to SoSoValue data, on August 3 (EDT), the total net outflow of Ethereum spot ETFs was $11.4178 million.
The Ethereum spot ETF with the highest single-day net inflow yesterday was BlackRock's Staked $ETH ETF ETHB, with a single-day net inflow of $5.7791 million; ETHB's cumulative historical net inflow has now reached $550 million. Second was Morgan Stanley's Ethereum Trust MSSE, with a single-day net inflow of $603.3 thousand; MSSE's cumulative historical net inflow has now reached $20.4623 million.
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