Crypto Daily | Bitcoin Drops After a Run at $64,000, Shrugging off Strategy's $213 Million BTC Sale; Bitcoin Spot ETF Sees $265 Million Net Inflow

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Bitcoin Drops After a Run at $64,000, Shrugging off Strategy's $213 Million BTC Sale

Bitcoin held in the low $63,000s on Tuesday after an overnight push above $64,000 faded, a round trip that left the token roughly flat on the day but still up about 6% over the week.

Bitcoin traded around $63,170, per CoinDesk data, after touching $64,400 in the early hours and slipping back. The move came despite Strategy's disclosure this week that it sold 3,588 bitcoin for about $216 million, its largest sale since abandoning its never-sell stance, which the market largely absorbed without breaking the recovery.

Ether held near $1,770, up 11.6% on the week, while XRP and solana kept most of their weekly gains at $1.13 and $80. Most majors were little changed on the day after leading the prior week's advance.

TeraWulf and IREN Just Joined Anthropic's Growing Club of Former Bitcoin Miners

Crypto miners are increasingly finding that the hottest customer in AI isn’t buying Bitcoin—it’s buying power. Within days of each other, TeraWulf Inc. and IREN Ltd. emerged as the latest beneficiaries of Anthropic‘s AI infrastructure buildout. They just added to a trend that has been quietly reshaping the industry’s former Bitcoin miners.

The common thread isn’t cryptocurrency anymore. It is access to the land, electricity and data center capacity that frontier AI companies are racing to secure.

The developments suggest Anthropic isn’t simply signing isolated infrastructure deals—it’s increasingly turning to a familiar group of companies that already own one of AI’s scarcest resources: megawatts.

Tether's Former CIO Plans Sale of Stake in Stablecoin Giant

Richard Heathcote, who until earlier this year oversaw stablecoin giant Tether Holdings SA’s investment portfolio, is planning to sell a small stake in the company, according to people familiar with the matter.

Heathcote is working with PJT Partners to sell part of his 1.26% holding of Tether, according to the people, who were not authorized to speak publicly. Tether announced in March that Heathcote was stepping down as chief investment officer to take an advisory position.

Discussions with potential buyers are ongoing, said the people, who declined to comment on a potential valuation. The company issues the world’s largest stablecoin, USDT, which has $184 billion in circulation.

CLARITY Act Faces Four-Week Senate Deadline Before August Recess

The Digital Asset Market Clarity Act missed the July 4 signing deadline that White House crypto adviser Patrick Witt had floated in May, and the bill is now operating on a hard four-week runway before the Senate breaks for summer recess on August 7.

The bill is not dead, but the calendar math is unforgiving, and the ethics standoff that has blocked Democratic votes remains unresolved.

The CLARITY Act has traveled further than any previous crypto market structure effort. The House passed it in July 2025 by 294 to 134.

The Senate Banking Committee advanced the bill on May 14 by 15 to 9, and it was placed on the Senate Legislative Calendar under General Orders on June 1, technically eligible for floor action. What it is not eligible for is skipping the 60-vote cloture threshold, and Republicans cannot reach 60 alone.

Bitcoin & Ethereum Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Monday was $265.69 million. The total net asset value of Bitcoin spot ETFs is $77.32 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.04%.

Source: SoSoValue

The Bitcoin spot ETF with the highest net inflow on July 6 was iShares Bitcoin Trust, with a net inflow of $209.4 million; Following that was Grayscale Bitcoin Mini Trust, with a net inflow of $42.25 million, according to SoSoValue.

Source: SoSoValue