💰 Markets: BTC opened July near $58K, a 21 month low after a brutal June, then clawed back above $63K following Fed Chair Kevin Warsh’s July 1 comments that inflation risks are easing. ETH traded around $1,760–1,800. US spot Bitcoin ETFs kept bleeding, about $4.5B left in June alone, the worst month since launch, though a $221.7M inflow on July 7 snapped a 10 day outflow streak. 📉➡️📈
🏛️ Politics: The CLARITY Act missed its July 4th target in the Senate. Disputes over Trump’s $1.4B crypto income disclosure, developer protections, and stablecoin yield rules remain unresolved. Polymarket odds of 2026 passage dropped to around 40 to 48%. 🗳️ Meanwhile, the EU’s MiCA framework became fully enforced on July 1, with 244 crypto firms now authorized across the bloc. 🇪🇺
🏦 Big Moves: XRP overtook USDC to become the 5th largest crypto by market cap. 🏠 Fannie Mae and Freddie Mac were ordered to prep crypto as mortgage collateral. Strategy (MSTR) sold over 3,500 BTC this week, its largest divestment since 2022, and for the first time its market value dropped below its actual Bitcoin holdings.
🎉 Fun Fact: This week BONK DAO got hit with a bizarre governance heist: an attacker spent $4.4M buying up BONK tokens just to win a vote, then used that voting power to push through a proposal that drained $20M from the treasury. Crypto’s version of buying the election to rob the bank. 🕵️♂️🍩
Stay sharp, stay diversified, see you next week with NordFX! 🚀
📊 Crypto Week in Review: July 1–8, 2026 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.