[News Brief] Jul 24, morning | White House Official Says Bitcoin CLARITY Bill Likely to Reach Full Senate Floor Vote

A White House official said the Bitcoin CLARITY bill could be brought to a full Senate floor vote and may ultimately pass.

According to @pete_rizzo_, the official said, “We are optimistic that we can secure the votes needed,” adding that “this bill deserves an opportunity for a vote on the Senate floor.”

The remarks came as discussions continue in the United States over establishing a clearer regulatory framework for digital assets.

According to Odaily, U.S. Senate Republican Leader John Thune said the CLARITY Act may be unlikely to win final passage before the summer recess. However, he said he hopes the full Senate consideration process can begin before the recess.

The industry had previously viewed August 7 as a key date for gauging whether the bill could pass within the year. If action is delayed until the fall, the chances of passage this year could decline.

Patrick Witt, the White House crypto adviser, said the Senate could move forward with related procedures during the first week of August, but that a final vote on the CLARITY Act in July remains unlikely.

Bitcoin Magazine reported that cumulative inflows into the Morgan Stanley Bitcoin Trust (MSBT) have surpassed $400 million.

The growing inflows suggest continued demand for institutional investment products tied to Bitcoin.

According to Odaily, Futu Niuniu has officially launched real-time BNB trading services.

Futu Niuniu said it is the first licensed brokerage in Hong Kong to offer BNB order-book trading pairs.

With the new service, qualified professional investors in Hong Kong can trade BNB in real time within a regulated framework, while accessing transparent live trading data.

According to Odaily, Sui announced via X that it has launched gas-free stablecoin transfers.

Sui users can now send stablecoins without paying separate gas fees or holding gas tokens. Sui said the feature is built directly into the protocol.

According to Odaily, Coinbase has launched its Coinbase Borrow service across the United States, excluding New York.

According to Odaily, Coinbase said via X that the service operates on the Base network with support from Jito and Morpho.

According to Wu Blockchain, Binance Research said Gen Z is the largest user group for stablecoin-based stock products.

Gen Z accounted for 44% of users of both Binance Direct Stocks and Bstock, and about 45% of users of traditional finance perpetual contracts.

Among users of all three products, Gen Z represented 48%. The share of Gen Z among new traditional finance users rose from 41% in January 2026 to 47% in July.

Binance Research said Gen Z users have generated about $80 billion in trading volume in traditional finance products this year, with monthly volume increasing at a compound rate of about 24%. More than 90% of traditional finance product users across all age groups were based in emerging markets.

Indian refiners are securing alternative cargoes from Angola and Venezuela as tensions around the Strait of Hormuz disrupt shipments of Middle Eastern crude.

According to Charles Kennedy, Indian companies are diversifying supply sources as Middle Eastern crude cargoes have been delayed due to tensions linked to the Strait of Hormuz.

The Strait of Hormuz is a key global oil transit route, and tensions in the area can affect international oil prices and procurement costs.

According to Charles Kennedy, crude oil exports from Saudi Arabia’s Red Sea port of Yanbu have fallen 41% since their March peak.

Safety concerns along Red Sea shipping routes have intensified following Houthi attacks on oil tankers, highlighting the risk of further disruptions to crude transport.

According to Odaily, market sources said Qualcomm plans to notify customers of a double-digit product price increase.

Sources said Qualcomm can no longer fully absorb rising costs on its own as input costs continue to climb.