Spot gold has fallen below $4,000 for the first time since July 21.

U.S. Solana Policy Institute (SPI) has sent a letter to Senate bipartisan leaders, urging them to advance the Clarity Act digital asset bill to a vote before Congress’s legislative window closes in early August. The bill aims to provide regulatory clarity for U.S. crypto developers, institutions, and consumers, and establishes a "non-money transmission" safe harbor for non-custodial software developers via the Blockchain Regulatory Certainty Act. The latest Republican version of the bill also adds ethics provisions banning federal public officials and their spouses from issuing or sponsoring digital assets, with the relevant clauses set to expire on January 20, 2029. SPI states that the legislation will help prevent "overreach" by regulators and criminal law enforcement targeting software developers, while sustaining domestic U.S. development momentum.

The U.S. Treasury Department announced that today’s sanctions on Iran target profiteering activities exploiting the Strait of Hormuz, with the measures focused on Iran’s "ransom network" operating in the waterway.

According to YuEmber Monitoring, 4.452 million KAITO tokens (valued at $5.61 million) were withdrawn from Binance to on-chain addresses by six wallets over the past four days. During the same period, KAITO’s price rose 35%, climbing from $0.93 to $1.26.

The Philadelphia Semiconductor Index has declined for the fifth consecutive trading day, with its intraday drop widening to 4%. According to market data from BIT (bit.com), among individual stocks, Arm fell more than 6%, AMD and Micron Technology dropped over 5%, and Marvell Technology declined more than 4%.

According to official announcements, GoldHouse, a one-stop Web3 payment and social platform, has launched the GoldHouse Card 1 million USDT transaction fee rebate campaign, designed to further reduce users’ crypto payment costs and enhance the digital asset payment experience. During the campaign, users who complete a single transaction of 20 USDT or more via GoldHouse Card will qualify for transaction fee rebates. Per the campaign rules, multiple U Cards under the same wallet address are eligible to participate, with each U Card entitled to a maximum monthly rebate of 500 USDT. Rebate rewards will be issued on a monthly basis. The total subsidy pool for the campaign amounts to 1 million USDT, and the campaign will conclude once the cumulative rebate reaches this cap. The platform noted that all eligible transaction fees during the campaign will be covered by GoldHouse, aiming to lower the threshold for Web3 payments and deliver a more efficient, convenient, and low-cost payment experience to users. It is understood that GoldHouse is committed to building a next-generation Web3 payment infrastructure connecting digital assets and real-world consumption scenarios, continuously promoting the adoption of digital assets in global payment use cases. This transaction fee rebate campaign is a key part of its ecosystem incentive program, with more user incentives and ecosystem benefits set to be rolled out in the future.

Trump took a tough stance on Iran today, while the Israeli Prime Minister is visiting the US, renewing market concerns over potential US-Iran conflict. As a result, Bitget market data shows WTI crude oil’s intraday gain once widened to 7.00%, currently trading at $83.7 per barrel. Brent crude oil is up 6.5% at $87.3 per barrel.