Bitcoin rally: BTC surged about 20% this week, reclaiming the $77K area and pushing toward $80K as the U.S. Treasury doubled long-dated bond buybacks and investors piled into spot Bitcoin ETFs, wiping out roughly $1B+ in short positions. Policy momentum: Trump urged Congress to advance the CLARITY Act, with a key Sept. 15 Senate cloture vote looming; meanwhile the SEC moved ahead with its own “Regulation Crypto Assets” framework and opened comments on Cboe’s 3x daily BTC/ETH futures ETF proposal. Altcoin lift: XRP jumped ~40% on the same regulatory optimism, while Ethereum also posted strong weekly gains. Stablecoin accounting: Circle’s Jeremy Allaire called a new FASB stablecoin proposal an “enormous strategic unlock,” potentially making USDC easier for firms to treat like cash equivalents. Crypto market plumbing: Uniswap hit $1B in tokenized-stock trading volume on Robinhood Chain, and Japan registered Nomura’s Laser Digital as a new licensed entrant after a four-year drought. Security watch: Vitalik Buterin published the third stage of his local mixing obfuscation series, while separate reports flagged passkey phishing kits and a Rust supply-chain attack on crates.io. Compliance pressure: Binance faced allegations of enabling $1.7B in transfers tied to Iranian terrorist financing, which Binance rejected. Exchange risk: BitMart said it’s weighing a phased restart after its shutdown, but users still report blocked withdrawals and uncertainty.