Crypto News, July 12: Stablecoin Market Cap Drops Amid Memecoin Rotation as CLARITY Act Advances, Bitcoin and Ethereum Price Hold Firm
The stablecoin market has misplaced greater than $10 billion since May, nevertheless it won’t be a warning signal. Instead, cash is flowing into memecoins as traders chase greater returns on Robinhood chain. Bitcoin, Ethereum, and the CLARITY Act are actually driving worth sentiment, with lawmakers anticipated to unveil an up to date model of the invoice subsequent week.
Japan added to the optimism throughout WebX 2026. Prime Minister Sanae Takaichi pledged stronger backing for Web3 by way of funding and friendlier insurance policies. Fundstrat’s Tom Lee additionally grabbed headlines after calling Ethereum the settlement layer for the AI economic system, a view that continues attracting institutional consideration.
HUGE: JAPAN PM SANAE TAKAICHI REAFFIRMS SUPPORT FOR STARTUPS AND WEB3 AT WEBX 2026
In a video handle at WebX 2026, Japanese Prime Minister Sanae Takaichi pledged to strengthen assist for Web3 startups by way of elevated funding from government-backed establishments and additional… pic.twitter.com/N9vMDTUKK2
— Coin Bureau (@coinbureau) July 13, 2026
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CLARITY Act Progress Lifts Bitcoin Price Sentiment
The CLARITY Act may attain Congress as early as July 17, giving the crypto trade one among its largest regulatory moments in years. Supporters consider the proposal will lastly outline which digital belongings fall underneath securities legal guidelines and which qualify as commodities. If handed, the CLARITY Act may take away one of many largest crypto obstacles.
Nevertheless, the Bitcoin worth slipped under $63,000 over the weekend amid geopolitical tensions that rattled markets. The drop triggered greater than $14 million in lengthy liquidations, but consumers shortly stepped in earlier than losses snowballed. By Sunday, Bitcoin had settled again into the $63,000 to $64,000 vary.
Fresh demand can also be displaying up elsewhere, with the Coinbase Premium Index climbing again towards impartial after spending 55 straight days in destructive territory, displaying U.S. consumers have gotten extra energetic once more. Not simply that, spot Bitcoin ETFs additionally recorded internet inflows after 9 weeks of withdrawals, giving bulls another excuse for confidence.
As of at this time, nevertheless, Fidelity’s Jurrien Timmer nonetheless expects yet another shakeout earlier than the following rally, with $60K acts as the underside. Michael Saylor additionally fueled hypothesis of one other buy after sharing his newest Bitcoin tracker replace. Another orange dot from him would possibly come quickly, as ordinary.
Another speaking level is BIP 110, a proposal that may restrict arbitrary knowledge saved in Bitcoin transactions. Critics, together with Adam Back and Michael Saylor, argue the change may cut up the neighborhood with out fixing a significant drawback. So far, merchants have proven little concern as consideration stays fastened on the CLARITY Act.
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Ethereum Price Draws Institutional Attention
Ethereum worth has been transferring in a decent vary round $1,800 regardless of a quieter weekend throughout the crypto market. Price motion has slowed, however institutional curiosity has not.
Speaking at WebX 2026, Tom Lee described Ethereum as the muse for the approaching AI economic system. He pointed to rising adoption from monetary companies, the Robinhood Chain launch, and bettering macro situations as causes that Ethereum worth could also be coming into a brand new cycle.
Not simply the discuss, Tom Lee’s agency, Bitmine, now holds 5.74 million ETH, or about 4.8% of the total provide, and plans to extend that stake. Agreeing with Lee,Ethereum whales additionally purchased one other $20.6 million price of ETH even after a number of days of change outflows.
But that’s not all, ETH community improvement has additionally stayed energetic. The Ethereum Foundation confirmed one among its AI brokers detected a validator crashing bug earlier than human researchers verified the difficulty. A separate Cambridge examine discovered Ethereum’s shift to Proof of Stake decreased electrical energy consumption by greater than 99.9%, strengthening its case amongst establishments centered on sustainability.
So, with all that information, what ought to we expect this week?
The subsequent few days may show essential for the market. We are watching the CLARITY Act for indicators of regulatory progress whereas monitoring institutional shopping for throughout each main cash. If these tendencies proceed, Bitcoin and Ethereum worth may construct on their current resilience. For now, the transfer out of stablecoins appears to be like much less like an exit from crypto and extra like merchants rotating into belongings with greater upside, whereas the Ethereum worth retains discovering assist from long-term consumers.
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The submit Crypto News, July 12: Stablecoin Market Cap Drops Amid Memecoin Rotation as CLARITY Act Advances, Bitcoin and Ethereum Price Hold Firm appeared first on Cryptonews.