Is a surge brewing beneath boring price action?

A $76K bitcoin setup is hiding in plain sight. The CLARITY Act missed its window — here's what happens next. And Bybit just sued North Korea. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ SPONSORED BY Friday, August 7, 2026 A case for a bitcoin surge to $76,000 may be building beneath the boring price action — but there's a caveat Bitcoin is tracing out a potential inverse head-and-shoulders pattern on the daily chart — a setup technical analysts treat as a reliable bullish reversal signal. The three troughs are in place: a left shoulder near $60,000 in early June, a deeper head near $57,700 in late June, and a right shoulder around $62,500 more recently. If prices break decisively above the neckline at roughly $66,800, chartists project a target near $76,000 based on the pattern's depth. The catch: the pattern isn't confirmed until that neckline breaks, and two headwinds are real — the CLARITY Act is now unlikely to pass this year, removing a regulatory catalyst, and the 50-day SMA near $63,321 remains the level to watch on the downside. Read more → A message from CME Group We are proud to announce that Nasdaq CME Crypto Index futures are now live and available to trade 24 hours a day, seven days a week. Combining Nasdaq's expertise in world-class indexing with our liquid, transparent and CFTC-regulated marketplace, this launch continues to deepen our partnership. The result is a groundbreaking new way for you to gain exposure to a significant portion of the cryptocurrency market — including bitcoin, ether, XRP, Solana, Cardano, Stellar, Chainlink and newly added Bitcoin Cash — all within a single, financially settled transaction. Why trade Nasdaq CME Crypto index futures? Broad exposure, simplified: Instead of trading multiple assets, you can access a basket of the world's leading cryptocurrencies in one trade. Capital efficiency: Control a larger position with a smaller capital outlay and benefit from potential margin offsets. Right-sized trading: Choose between larger- or Micro-sized contracts to precisely scale your strategy — anywhere, anytime. Find out more Policy After a CLARITY Act funeral, the crypto world would keep turning The Senate missed its window and the CLARITY Act is effectively dead for 2026 — but Jesse Hamilton's analysis makes the case that the industry doesn't need a bespoke law to keep operating. The SEC is close to releasing its tokenization sandbox rule and its "Reg Crypto" fundraising exemption. The CFTC and banking regulators are issuing guidance and granting charters. GENIUS passed last year and the crypto caucus in Congress is set to grow. The harder argument is about durability: agency statements and guidance are easy to reverse, formal rulemaking is harder, and a Democratic White House in 2028 could repopulate every regulator. A September return or lame-duck session still remains possible — and if it fails entirely, a version of this bill will very likely emerge again. Read more → Policy Bybit sues North Korea and Lazarus Group over $1.5 billion hack, secures asset freeze Bybit filed a civil lawsuit in U.S. District Court against the DPRK, its Reconnaissance General Bureau intelligence agency, and the Lazarus Group — the state-sponsored hacking unit responsible for stealing $1.5 billion in Ethereum from the exchange in February 2025, the largest cryptocurrency heist in history. A federal judge has issued a preliminary injunction freezing certain identified stolen assets while the case proceeds. North Korea has stolen $6.75 billion in crypto in total, widely believed to fund its weapons program. "The Lazarus attack wasn't just an attack on Bybit," CEO Ben Zhou said. "It was an attack on trust in our industry." Read more → Know someone who should be reading this? Share this newsletter See all of CoinDesk’s newsletters    CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York,NY,10011,USA, Unsubscribe Manage Preferences   Copyright © 2026 CoinDesk, All rights reserved.