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Jito launches JTX
Jito’s latest product launch introduced JTX, a self-custodial trading platform built for Solana assets and tokenised real-world assets, and the launch coincided with $JTO jumping 2.3% to trade at $0.6149.
“Bitcoin rally faces key test at $68,000 as 'summer slumber' grips crypto, analysts say BTC has rebounded 15% from the July lows, but some analysts cautioned that the next move hinges on clearing a level where many recent buyers may look to sell”
Bitget said $JTO’s trading volume rose to $31.73 million and that Jito protocol secured $7873.43 million in total value locked (TVL) as activity expanded within the Jito ecosystem.
The Bitget report said JTX keeps full control of assets through self-custody while adding trading tools associated with centralised exchanges, including resting limit orders, conditional orders and automated execution.
Bitget also said 80% of protocol revenue is allocated to the Jito DAO and the remaining 20% supports continued development of the platform.
In parallel, CryptoRank framed Bitcoin’s market as pressing into resistance after rebounding from June lows, with the next sessions determining whether the move becomes a broader trend reversal or another lower high.
Bitcoin tests $68,000
After Bitcoin surged past $66,000 on Tuesday, BigGo Finance said the world’s largest cryptocurrency gained 3.5% over 24 hours to trade above $66,000, citing CoinDesk data.
BigGo Finance linked the rally to a potential breakthrough on long-stalled U.S. crypto legislation, saying Eleanor Terrett, host of "Crypto in America," reported on X that President Donald Trump had agreed to a crucial ethics provision within the Clarity Act.
In a separate CoinDesk report, analysts said the rally faces a key test at $68,000, with Bitfinex analysts treating the level as the resistance that could determine whether the rally continues.
CoinDesk added that Bitcoin climbed above $66,600 for the first time in more than a month as it extended its July rebound toward the $68,000 area.
CoinDesk also said the $68,000 zone sits near the average purchase price of investors who bought bitcoin over the past five months, creating a pocket of overhead supply that could slow the advance.
Legislation and flows
BigGo Finance reported that the Clarity Act aims to overhaul the U.S. regulatory framework for digital assets by drawing a clear legal line between digital commodities and securities, with the provision at the center of the deadlock restricting how much senior government officials can profit from digital assets while in office.
“Jito's latest product launch has put fresh attention on the $JTO token at a time when sentiment across the cryptocurrency market is improving”
The same report said Trump’s 2025 financial disclosure, filed with the U.S. Office of Government Ethics, listed at least $1.4 billion in crypto-related income, including about $635 million in royalties from the TRUMP memecoin and roughly $515 million from sales of the WLFI governance token.
BigGo Finance also said CoinDesk characterized Tuesday’s reports as unverified and that Democratic negotiators say they have not yet seen the revised text, while Polymarket implied odds that the Clarity Act becomes law this year by 11 percentage points to 43%.
On market positioning, CoinDesk said Bitcoin currently accounts for nearly 67% of spot crypto trading volume, up from roughly 50% a year ago, and that K33 Research’s Vetle Lunde described the backdrop as a "promising, and typical, summer slumber."
CoinDesk further reported that U.S. spot bitcoin ETFs recorded a fifth consecutive day of net inflows, drawing in roughly $727 million over the past week, while CME bitcoin futures open interest fell to its lowest level since 2023.
