WTI crude rose 2.54% intraday to $84.22, while the U.S. 10Y yield climbed to 4.731%. This week’s calendar includes CPI data, an SEC meeting on digital asset issuance rules, and a September vote schedule for the CLARITY Act. Crypto prices moved lower, with BTC at $64,244 and ETH at $1,883.
1. Oil nears $85 as U.S. yields rise
WTI crude rose 2.54% intraday to $84.22, while Brent gained 2.31% to $89.75. The U.S. Strategic Petroleum Reserve fell below 300 million barrels, its lowest level since 1983. The U.S. 10Y yield climbed to 4.731%. BTC fell 1.14% to $64,244, and ETH fell 1.73% to $1,883.
Assets to watch: CL BZ BTC ETH
2. Intel expands share sale to $20B, OpenAI completes $7B sale
Intel raised the size of its share sale to $20 billion at $95 per share, with proceeds including AI chip capacity expansion. OpenAI completed a $7 billion share sale tied to its potential IPO process. OpenAI also suspended Astra model development due to a cybersecurity issue.
Assets to watch: INTC OPENAI
3. SEC to discuss Reg Crypto digital asset issuance rules
The SEC is scheduled to hold a meeting this week with Reg Crypto rules on the agenda. The rules cover registration and disclosure paths for selected digital asset issuance.
Assets to watch: BTC ETH
4. CLARITY Act vote moves to September as Grayscale withdraws three ETF filings
The Senate moved the CLARITY Act vote schedule to September. Grayscale separately withdrew Cardano, Polkadot, and Hedera ETF filings from the regulatory review process.
Assets to watch: BTC ETH
5. Strategy sells 1,690 BTC, cash reserve rises to $4.75B
Strategy sold 1,690 BTC for $108.6 million, lifting its U.S. dollar reserve to $4.75 billion. BTC ETFs recorded five consecutive days of net inflows totaling $854 million. Rate futures showed the September hike probability below 20%, while hedge fund CME positioning shifted from net short to net long.
Assets to watch: BTC MSTR
6. Bitmine buys $14M ETH as more capital goes to share repurchases
Tom Lee’s Bitmine bought $14 million of ETH. After its cash reserve fell to $104 million, the company allocated more capital to share repurchases, with ETH accumulation slowing from earlier levels.
Assets to watch: ETH
7. UK prepares tokenized gold rules, Standard Chartered projects LINK at $200
The UK Financial Conduct Authority began work on rules for tokenized gold, covering gold trading and tokenized assets. A Standard Chartered report projected tokenized real-world assets at $4 trillion and Chainlink at $200 by 2030.
Assets to watch: XAU LINK
8. Coinbase launches UK derivatives as Robinhood adds crypto trading
Coinbase opened perpetual contract trading in the UK with leverage of up to 50x. Robinhood launched commission-free crypto trading in the UK with an integrated AI assistant, extending its retail trading product set in Europe.
Assets to watch: COIN HOOD
9. BTCPay Server exploit leads to $190K bounty
Bitcoin payment service BTCPay Server reported a remote Lightning node vulnerability and stolen user funds. The project disabled remote access and posted a $190,000 bounty to trace the vulnerability source.
Assets to watch: BTC
Market Snapshot
BTC: $64,244 | ETH: $1,883.80
Gold: $4,430.5 | Silver: $65.06
WTI: $84.22 | Brent: $89.75
S&P 500: 7,753.11 | Nasdaq: 29,621.80