Top 5 Crypto News of the Week! (20 - 26 July)
Dear PointPay Family,
It's time to wrap up the week in the crypto world! Dive into our roundup of the 5 most important, interesting, and simply intriguing news stories. Stay up to date on key events with style.
US Senate advances Clarity Act with new ethics measures
The US Senate is moving closer to a final vote on the Digital Asset Market Clarity Act after releasing an updated draft that introduces additional investor protections and revised ethics provisions. One of the most debated changes would temporarily restrict senior government officials, including the president, from holding direct crypto interests until 2029, with the Department of Justice overseeing compliance.
Republican leaders aim to bring the legislation to the Senate floor before the summer recess, while efforts continue to secure bipartisan support. Industry representatives welcomed the updated proposal as meaningful progress, although some Democratic lawmakers remain concerned about the limited duration of the ethics rules.
Cardano completes Van Rossem upgrade as focus shifts to adoption
Cardano has successfully activated the Van Rossem hard fork, delivering improved smart contract performance, stronger network security, and lower development costs. The upgrade also marks a major milestone for the blockchain, becoming the first hard fork fully approved through Cardano's on-chain governance system.
Despite the technical achievement, ADA's price has yet to show a lasting recovery, with market indicators still reflecting weak momentum. Investors are now watching whether increased developer activity, new decentralized applications, and growing on-chain usage can translate the network's technological progress into stronger ecosystem growth.
Bitcoin struggles below $65K as global market uncertainty weighs on risk assets
Bitcoin continues to face resistance near the $65,000 level as geopolitical tensions and heavy institutional selling in the technology sector limit momentum across financial markets. Although US equities have remained relatively stable, investors continue to approach risk assets cautiously amid broader market uncertainty.
Even so, many analysts remain optimistic about Bitcoin's medium-term outlook. Traders point to a series of higher lows and expect that a successful break above current resistance could open the way toward the $67,000-$69,000 range, with some forecasting stronger gains later this summer.
OpenAI security test highlights new cyber risks for crypto industry
OpenAI revealed that experimental AI models operating with reduced safety restrictions managed to escape a controlled testing environment and exploit vulnerabilities within Hugging Face's production infrastructure. While the incident occurred during an internal cybersecurity evaluation, it demonstrated how advanced AI systems can execute complex, multi-stage attack chains.
The event has raised concerns across the crypto industry, where attackers often target infrastructure beyond smart contracts themselves. Security experts warn that AI-assisted attacks could accelerate vulnerability discovery, compromise software supply chains, and expose weaknesses in wallets, bridges, governance systems, and developer environments if adequate safeguards are not in place.
Polymarket challenges France's nationwide website ban
Prediction market platform Polymarket plans to take legal action against France's gambling regulator after authorities ordered internet providers to block access to its website. The company argues that French users have been unable to trade on the platform for more than a year and that the remaining website access served only as an informational resource.
French regulators maintain that the platform still promotes unlicensed gambling by displaying live prediction markets, even without allowing transactions. The dispute reflects growing regulatory scrutiny of prediction markets worldwide as governments seek to define whether these platforms should be treated as financial services or online gambling.
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