Bitcoin [BTC] traded near $63,000 after recovering 8.58% from a July 1 low of $57,800. Positive Bitcoin spot ETF flows over three consecutive trading days were interrupted, with $84.9 million in outflows recorded on July 8. Separately, a U.S. Senator argued for a provision protecting blockchain software developers, while an INTERPOL-led global fraud crackdown intercepted $293 million in illicit assets. BNB Chain announced a major upgrade for agentic trading as part of its H2 2026 roadmap.
Bitcoin [BTC] traded just below $63,000 at the time of writing, following a recovery of 8.58% from its July 1 low of $57,800. Bitcoin spot ETF flows turned negative on July 8, with data showing $84.9 million in outflows, interrupting three consecutive trading days of positive flows.
Democratic Sen. Ron Wyden sent a letter urging Senate leaders to preserve Section 604 in the Clarity Act. This provision, part of the Bitcoin Regulatory Certainty Act (BRCA), creates a safe harbor for non-custodial developers, clarifying they are not money transmitters.
“The provision also includes a common-sense exception that any non-custodial developers found to be transferring or using funds originating from illicit activity are not protected,” the Senator’s letter read. Law enforcement argued the provision could be an obstacle in crypto investigations.
An INTERPOL-led crackdown called Operation First Light ran from January 15 through April 30 across 97 countries. It intercepted $293 million in illicit assets and resulted in 5,811 arrests.
Police identified over 142,000 victims and blocked 31,014 bank accounts. In Thailand, authorities arrested two suspects in a cryptocurrency money laundering scheme, where proceeds from romance scams were routed through multiple cryptocurrencies via cross-chain token swaps.
One of the suspects’ digital wallets processed over $122.5 million in 10 months. The BNB Chain announced a new Layer 1 as part of its stated H2 2026 tech roadmap, enabling automated systems and trading agents to execute high-speed transactions.
