The Crypto Clarity Act Race Is On

Chart of the Day — ETH moving across to Robinhood Chain
Trade of the Day — VIRTUAL looks constructive
Alpha Leaks — A new crypto index that doesn't include BTC
News Roundup — Clarity Act update, ETF inflows, Russia's crypto move

ETH Bridged to Robinhood Chain

This chart from Token Terminal paints an optimistic picture for both ETH and Robinhood Chain. It shows the amount of ETH bridged to Robinhood Chain, and the total has now risen to above $200 million worth of ETH, with a 30% increase over the last week.

Keep in mind here that Robinhood Chain only launched publicly on July 1st, and the chain does not have its own token, operating on Arbitrum with ETH as its gas token. If Robinhood Chain continues to grow, then it can present another source of demand for ETH, and so ETH itself is a straightforward way to hold exposure to Robinhood Chain.

VIRTUAL Has Momentum

VIRTUAL, the token from Virtuals Protocol, is a crypto/AI play that is putting in agent volumes on Robinhood Chain, and from a technical perspective, it looks to have built a base around $0.50, while it maintains momentum above the 20D SMA.

You can see on the chart that the 200D SMA is a potential point of resistance above the current price, but we can see a Long trade here. To get the full breakdown on entry points, stop losses, and potential price targets to the upside, along with deeper analysis of Virtuals Protocol, go Premium now. Inner Circle members have been profiting from our detailed trade setups on both crypto and stocks. Go premium today to catch our signals.

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Updated Clarity Act Released

As reported here on Tuesday, the Clarity Act, America’s landmark digital asset market structure bill, may be heading towards the final stretch, as the Senate yesterday issued an updated version of the Act, marking a significant step forward.

The new draft merges earlier versions and introduces several key changes. Most notably, it includes a fresh ethics provision that bans all federal officials from issuing or sponsoring digital assets while in office, and it’s reported that President Trump has agreed to all provisions.

The bill also adds stronger software developer protections and enhanced consumer safeguards, aiming to balance development with oversight, while the Department of Justice would be authorized to enforce the new ethics rules.

With the August recess approaching, Senate negotiators are now under pressure to line up the sixty votes needed for passage. Proponents hope for a floor vote in late July or early August, and Treasury Secretary Scott Bessent recently described the bill as being “on the 1-yard line”.

However, there is objection among Democrats to the proposed role of the DoJ, and over on Polymarket, odds on the Act passing have currently dropped to below 40%.

Multiple Consecutive Green Weeks for BTC, ETH, SOL ETFs

As illustrated in the SoSoValue chart above, the situation is looking positive again when it comes to BTC ETFs, as we are currently in a third consecutive week of inflows. After weekly inflows of $197.4 million, and then $75.67 million, the current inflow total for this week is already at more than $430 million, with two trading days still to go.

ETH ETFs are also in a third consecutive green week, registering $36.73 million, then $38.09 million, and this week, at the time of writing, $37.47 million so far.

SOL ETFs are currently in a fourth consecutive positive week, and although these funds operate at a smaller scale than the BTC and ETH products, they have seen a large recent surge, climbing from just below $1 million in inflows last week, to $8.47 million this week so far.

Russia Approves Crypto Regulation Bill

It’s not only the US pushing forward on crypto legislation, as Russia’s parliament has this week approved a comprehensive new bill regulating the country’s cryptocurrency market.

The legislation establishes a legal framework for crypto trading, mining, and custody services, and introduces licensing requirements for exchanges and service providers, while aiming overall to bring the crypto sector under state oversight.

The new rules also cover international crypto payments and taxation, and these developments all come as Russia continues to explore alternative assets amid ongoing Western sanctions. This geopolitical situation suggests the move is mainly a pragmatic one, and the law is expected to take effect in stages, starting from September this year.

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