Edgen AI operates independently of, and is not controlled by Aspen Digital Financial Limited.
Smarter Web sells 177 BTC to repay $11.7M note, diluting BTC per share
Edgen Crypto·Jul 23 2026, 20:43Share to
Share to
Copy link
[1] Bitcoin treasury company erases 7.7M shares after selling 177 BTC – yet Bitcoin per share fell (https://cryptoslate.com/bitcoin-treasury-comp ...)[2] Smarter Web Company sells 177.89 BTC to repay $12M, holds 2,700 BTC (https://cryptobriefing.com/smarter-web-compan ...)[3] The Smarter Web Company Settles $11.7M TOBAM Convertible Early, Avoiding 7.7M Share Dilution - Kalkine Media (https://kalkinemedia.com/uk/news/announcement ...)
Related News
Jul 23 2026, 22:30
Gemini sends $10M in Bitcoin to Trump PAC after CFTC reversal bid
**The Winklevoss twins' Gemini Trust sent $10 million in Bitcoin to a pro-Trump super PAC three weeks after the CFTC moved to reverse a $5 million settlement with the exchange.** Gemini Trust Co. contributed $10 million in Bitcoin to MAGA Inc., a super political action committee supporting President Donald Trump, on June 19, according to the PAC's July filing with the Federal Election Commission. The donation came in two separate tranches of more than $5 million each in Bitcoin. The contribution followed a joint motion filed by the Commodity Futures Trading Commission and Gemini in May in the US District Court for the Southern District of New York, seeking to reverse a January 2025 settlement in which Gemini agreed to pay $5 million for allegedly making false or misleading statements to the regulator. CFTC Chair Michael Selig said the agency under former President Joe Biden "politically targeted" the Winklevoss brothers through enforcement actions, according to a statement at the time. "The joint motion for reversal and other factors are concerning signs of a CFTC beholden to political pressures and interests of the wealthy insiders, unbound by the rule of law and failing to protect investors and market integrity," Senator Elizabeth Warren wrote in a June letter to Selig. The court has not yet posted a decision on the joint motion to the public docket. The $10 million Bitcoin donation is the latest in a series of political contributions from the Winklevoss twins, who each gave $1 million to Trump's 2024 campaign and later contributed $21 million in Bitcoin to the Digital Freedom Fund PAC to "support President Trump and his administration's efforts" on crypto policy. They also attended the signing ceremony for the GENIUS Act, a stablecoin payments bill, after Trump took office in January 2025, and backed his sons' crypto mining venture American Bitcoin. **CFTC leadership vacuum adds uncertainty to crypto oversight** Selig, a Republican confirmed by the Senate in December 2025, remains the sole CFTC commissioner in what is typically a bipartisan group of five. The White House has not announced any additional nominations, leaving Selig to direct the agency's agenda alone as Congress considers the Digital Asset Market Clarity Act, which would grant the CFTC significant authority over digital asset regulation. MAGA Inc. reported receiving more than $397 million in total contributions as of June 30. A CFTC spokesperson told Cointelegraph in June that both sides "agreed that the $5 million penalty will not be returned to Gemini" if the court grants the reversal. The convergence of political donations, a pending settlement reversal, and an understaffed regulator raises questions about the independence of crypto enforcement under the current administration. With the CLARITY Act potentially expanding the CFTC's jurisdiction over digital assets, the agency's leadership structure and its handling of the Gemini case could set a precedent for how prior crypto enforcement actions are treated going forward. This article is for informational purposes only and does not constitute investment advice.
Jul 23 2026, 21:02
Clarity Act likely misses August 7 deadline as Senate heads for break
Senate Majority Leader John Thune said the Digital Asset Market Clarity Act will likely miss its August 7 target for Senate passage before the summer recess, dealing a blow to the crypto industry's hopes for a 2026 regulatory framework. "I would like to at least get Clarity started," Thune told reporters. "We'll see where the votes are." Thune's staff indicated the next Senate floor priority will be a bipartisan bill imposing sanctions on Russian leadership and tariffs on trading partners — legislation championed by the late Senator Lindsey Graham. That bill is expected on the floor next week, though Graham's funeral will occupy senators mid-week. The Senate returns for roughly three weeks in September before the November midterm elections, when lawmakers will be campaigning. Missing the pre-recess window sharply reduces the probability of 2026 passage, as the Senate's floor process requires multiple stages and a 60-vote threshold. The crypto industry had pinned its hopes on the Clarity Act as the permanent legal foundation for U.S. digital asset markets, following last year's GENIUS Act on stablecoins. **A Contentious Final Draft** The final working draft of the Clarity Act, released this week, has drawn criticism from both parties. A large number of Democrats have objected to its approach to limiting senior government officials — most notably President Donald Trump — in their crypto business activities. Some Republican senators have also raised concerns over the treatment of stablecoin yield and the language of the government-ethics provision. Senator Cynthia Lummis, a Wyoming Republican and lead Clarity Act negotiator, told CoinDesk on Wednesday that the most contentious sections remain open for revision, which she said could bring Democrats on board. Republicans and industry insiders had hoped that getting the bill to the Senate floor would sharpen urgency and drive deals among lawmakers to resolve final disagreements. **White House Remains Optimistic** White House crypto adviser Patrick Witt pushed back on Thune's assessment, telling CoinDesk he remains "slightly more optimistic" about the timeline. "There's that first week of August that the Senate is in session," Witt said in an interview with CoinDesk TV. "So I wouldn't count it out." Even if the Senate manages to pass Clarity in September, the House of Representatives would still need to follow suit — a process that would consume valuable legislative time in an election year. The midterm elections in November will see lawmakers increasingly focused on campaigning, further compressing the window for complex financial legislation. Goldman Sachs CEO David Solomon has publicly backed the Clarity Act despite the banking industry's concerns over stablecoin rules, showing continued institutional interest in the legislation's passage. The delay contrasts with faster-moving regulatory frameworks in the European Union, where MiCA has already taken effect, and in Singapore, where the Monetary Authority of Singapore has implemented its own digital asset licensing regime. This article is for informational purposes only and does not constitute investment advice.
Jul 23 2026, 20:40
Bitcoin drops to $64,000 as tech earnings spark broad crypto sell-off
Bitcoin fell to $64,000 on July 23 as disappointing technology earnings triggered a broad sell-off across crypto markets. The decline dragged Ethereum, XRP and Dogecoin lower, with the Crypto Fear & Greed Index retreating into Fear territory. "$64,000 is the key support level to watch in the short term," Julio Moreno, head of research at CryptoQuant, said. "This level has been a reliable support during this bear market." The sell-off followed weaker-than-expected earnings from major technology companies, which weighed on equity markets and spilled into crypto. The Nasdaq 100 futures declined 0.3% on the session, while the S&P 500 futures fell a similar margin, leaving crypto without a macro tailwind. The US five-year Treasury yield rose to 4.33%, reflecting expectations that the Federal Reserve may maintain tighter policy for longer, a headwind for risk assets. Bitcoin's futures open interest slipped to 743,000 BTC from over 760,000 BTC earlier in the week, suggesting an unwinding of long positions rather than fresh short entries, per Coinglass data. The 30-day implied volatility index for Bitcoin, BVIV, rose for a fifth straight day, a pattern that has historically correlated with near-term price weakness since the launch of spot ETFs. The $64,000 level represents the lower boundary of a range that has held for the past week, with resistance at $66,800. A sustained break below $64,000 could open the door toward the $60,000 support zone, according to multiple analysts. The Federal Reserve's July 28-29 meeting looms as the next major catalyst, with traders watching for any shift in rate expectations that could determine whether the range holds or breaks. **ETF flows offer a counterweight** Despite the price weakness, spot Bitcoin ETF inflows remained positive for a seventh consecutive day on July 22, with $68.99 million in net inflows, according to SoSoValue data. The continued accumulation by institutional investors suggests long-term demand remains intact even as short-term macro uncertainty weighs on prices. Strategy, formerly MicroStrategy, raised $263 million through a stock sale in the prior week, easing concerns about potential Bitcoin sell pressure from its balance sheet. Bitcoin's options market showed demand for the $70,000 call option expiring Aug. 7 on Deribit, even as some traders simultaneously picked up longer-duration puts as a downside hedge. **Key levels to watch** Bitcoin's 50-day exponential moving average sits at $65,163, a level that bulls must reclaim to stabilize price action. The 100-day EMA at $68,063 represents the next resistance, while the 200-day EMA at $74,348 marks the broader recovery target. The Relative Strength Index stands at 52, above the neutral 50 threshold, indicating that bearish momentum has not fully taken control. On the upside, Maxime Seiler, co-founder and CEO of STS Digital, identified $70,000 to $72,000 as the zone to watch into month-end. This article is for informational purposes only and does not constitute investment advice.