[News Brief] Jul 10, morning | Ethical provision agreement emerges as key variable in negotiations over the U.S. crypto regulation bill CLARITY Act

Ethical provision agreement emerges as key variable in negotiations over the U.S. crypto regulation bill CLARITY Act

According to Bitcoin Magazine, agreement on ethical provisions has emerged as a key variable in negotiations over the CLARITY Act, a U.S. crypto regulation bill.

According to the report, industry participants said, “If an agreement is reached on the ethics issue, the rest of the bill’s outstanding issues could also be resolved.” The CLARITY Act is legislation intended to clarify U.S. crypto market structure and regulatory authority.

Michael Saylor mentions possible resumption of $2 billion monthly Bitcoin purchases through STRC

A Bitcoin historian said on X that Michael Saylor mentioned the possibility of resuming Bitcoin purchases worth $2 billion per month through STRC.

According to the post, Saylor said that the current level is “a good entry point to buy BTC,” citing expectations of Federal Reserve easing, greater regulatory clarity for crypto in the U.S., and the potential restart of digital credit markets as supporting factors.

Michael Saylor has led Strategy’s efforts to expand its Bitcoin holdings.

289,999,990 USDT transferred from Poloniex to an unknown wallet

According to Whale Alert, 289,999,990 USDT was transferred from Poloniex to an unknown wallet at around 04:19 on July 10.

The transfer was valued at approximately $289,873,840. The purpose of the movement and the owner of the receiving wallet have not been identified.

JPMorgan: Bitcoin’s key risk is the growing adoption of blockchain outside public chains by banks

JPMorgan analysts said Bitcoin’s key risk may lie less in short-term selling pressure and more in the expanding adoption of blockchain systems outside public chains by the banking sector.

According to The Block, JPMorgan said that while Strategy’s recent Bitcoin sale and cash-raising plans could create temporary selling pressure, the larger structural risk is the shift of blockchain use cases—such as payments, settlement, and real-world asset tokenization—toward banks’ own systems, regulation-friendly permissioned chains, or integrated ledgers.

JPMorgan added that if tokenized deposits, SWIFT blockchain projects, and central bank digital currencies become established within traditional financial infrastructure, activity, liquidity, and capital inflows on public chains could weaken. It also noted that if some stablecoin demand is replaced by bank-issued tokenized deposits, Bitcoin performance could come under pressure.

However, the bank said broader adoption of hybrid structures, regulatory tailwinds for public-chain-based stablecoins, and a stronger “digital gold” narrative for Bitcoin could alter that outlook.

Ethereum Foundation finds and fixes vulnerability while testing protocol security with AI agents

According to Odaily, researchers on the Ethereum Foundation’s protocol security team said in a blog post that they are using AI agents to conduct red-team testing on Ethereum-dependent software.

The AI agents were used to find vulnerabilities in cryptographic systems, protocol code, and smart contracts. In the process, a remotely triggerable panic issue was discovered in libp2p gossipsub, the P2P layer of Ethereum consensus clients.

The vulnerability has been fixed and was disclosed on GitHub as CVE-2026-34219. The researchers explained that they divided AI agents into roles such as reconnaissance, exploration, remediation, and verification to identify potential attack paths, reproduce failures, and confirm whether fixes could be applied to real code.

The Ethereum Foundation said AI is not replacing security researchers, but is changing workflows by expanding the scope of review. It added, however, that researchers must be even more cautious in evaluating plausible-sounding conclusions generated by AI.

Trump: “We have already won, especially in the military sphere”

According to Odaily, President Trump said regarding Iran, “We have already won, especially in the military sphere.”

The remarks came amid continuing geopolitical tensions involving the United States and Iran.

Bitcoin long-term holders realize $280 million in daily losses, highest in 3.5 years

According to Odaily, Bitcoin News reported that entity-adjusted realized losses among Bitcoin long-term holders reached $280 million in a single day.

This marks the highest level in 3.5 years. The increase in realized losses among long-term holders may indicate that part of their holdings was sold during a market downturn.

Hyperliquid and Phantom submit comments to CFTC calling for regulatory reform of on-chain trading infrastructure

Hyperliquid and non-custodial wallet Phantom submitted comment letters to the U.S. Commodity Futures Trading Commission (CFTC) calling for regulatory reform of on-chain trading infrastructure, according to Odaily.

Both said current CFTC rules are designed for a traditional financial system built around centralized intermediaries and are not suitable for DeFi. They proposed that developers of on-chain trading protocol software should not need to register as exchanges or clearing organizations, and that non-custodial wallet front-ends should not have to register as introducing brokers.

They also added that regulated entities should be allowed to use blockchain to perform trading and clearing functions. Previously, the CFTC and the U.S. Securities and Exchange Commission (SEC) had requested industry input in June regarding regulations affecting financial innovation.

U.S. Treasury auctions $22 billion in 30-year bonds, high yield at 5.058%

According to Odaily, the U.S. Treasury auctioned $22 billion in 30-year bonds. The high yield came in at 5.058%, up from 5.020% on June 11.

The bid-to-cover ratio was 2.44, above the previous 2.30. Rising long-term Treasury yields can weigh on risk-asset sentiment.

1,023 BTC transferred from an unknown wallet to Coinbase Institutional

According to Whale Alert, 1,023 BTC was transferred from an unknown wallet to Coinbase Institutional.

The transfer was valued at $64,143,150. Large wallet movements involving exchange-related addresses are often interpreted by the market as signals of potential selling pressure or changing supply-demand dynamics.