Bitwise Strategist Predicts $200K Bitcoin After New ATH

A prediction made by Fundstrat's Head of Digital Asset Strategy Sean Farrell two months ago has proven accurate, with Ethereum seeing a 40% increase since May 17. Key developments: - ETH showing strong performance relative to BTC - Critical crypto legislation votes scheduled - GENIUS ACT and CLARITY ACT voting expected after 4PM ET The votes will be streamed live by @coinage_media, marking a potentially historic moment for crypto regulation. Follow [@coinage_media](https://twitter.com/coinage_media) for live updates.

House Republicans orchestrated the longest vote in congressional history, focusing on crypto regulation and specifically blocking the US from issuing a central bank digital currency (CBDC). Key developments: - After 10 hours of negotiations, Republicans secured votes to advance crypto bills - The GENIUS Stablecoin Act and CLARITY Act are moving forward - Final vote tally: 215-211 in favor The legislative push raises questions about whether blocking a US digital dollar serves freedom interests or private sector advantages. The move comes amid discussions about Trump's involvement in stablecoins and Tether's reported $13B earnings. *Next steps*: Bills proceed to full House vote.

Do Kwon's defense team has submitted another request for a two-week extension to file pretrial motions. This follows a previous extension request made on June 30th beyond the July 1st deadline. The team cites ongoing productive discussions with the government as the reason, particularly noting developments since the lead prosecutor's departure. Key points: - Trial currently scheduled for February 17, 2026 - Second extension request in recent weeks - Discussions with government continuing This development suggests ongoing negotiations between Kwon's legal team and prosecutors.

MicroStrategy's Bitcoin investment strategy, led by Michael Saylor, has achieved a significant milestone with paper profits exceeding $30 billion. The company recently expanded its holdings by acquiring an additional 51,780 Bitcoin, demonstrating continued commitment to their cryptocurrency investment approach. The software firm's Bitcoin holdings now represent one of the largest corporate cryptocurrency positions globally, marking a notable success for their long-term accumulation strategy.

The corporate treasury strategy pioneered by Michael Saylor and MicroStrategy for Bitcoin is now being adopted by Ethereum-focused companies. Led by Joseph Lubin, Tom Lee, and Samir Tabar, this new wave of treasury management has contributed to a 20% increase in ETH prices last week. - Key players adopting ETH treasury strategy: - Joseph Lubin (Ethereum co-founder) - Tom Lee (Fundstrat) - Samir Tabar The trend mirrors MicroStrategy's Bitcoin holdings strategy but focuses on ETH accumulation. Market observers are watching to see if this corporate treasury approach will prove as impactful for Ethereum as it has for Bitcoin.