With crypto traders getting optimistic and a look at a surprisingly sophisticated new crypto bill in the U.S. Congress, CoinDesk’s Markets Daily is back with the latest news roundup.

This episode is sponsored by Kava, Nexo.io and Celo.

Today's Stories:

Bitcoin Slips Below $40K; Support Around $34K

Bitcoin Price Slumps 5% as Recent Rally Begins to Cool 

Bitcoin Logs Biggest Weekly Price Gain in 3 Months as Illiquid Supply Hits Record High

Futures Signal Stock Indexes to Rise Toward All-Time Highs

Stock Market Today: Dow, S&P Live Updates for Aug 2 

Pandemic response fuels broadest global house price boom in two decades

Oil prices hit by concern over Chinese economy and higher supply

Square to acquire Afterpay for $29bn as ‘buy now, pay later’ booms

Stimulus hopes lift Wall St futures ahead of manufacturing PMIs  

PBoC Says It Will Keep High Pressure on Crypto Trading (no read) 

Brazilian Central Bank Projects 'Significant Migration' to Digital Payments

Fed's Brainard Says US Can't Not Have a CBDC in a World in Which Others Have Them

NFT Markets Post Record-Breaking Week

Square's Cash App Q2 Bitcoin Revenue Rose 200%; and they took a $45M Bitcoin Impairment Loss

GoldenTree Adds Bitcoin to Its Balance Sheet: Report

Michael Saylor Likens Borrowing to Buy Bitcoin to Investing Early in Facebook

South Korean toilet turns excrement into power and digital currency  

Featured Story: New Crypto Bill in US Is the Most Comprehensive Yet 

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Kava lets you mint stablecoins, lend, borrow, earn and swap safely across the world’s biggest crypto assets. Connect to the world's largest cryptocurrencies, ecosystems and financial applications on DeFi’s most trusted, scalable and secure earning platform with kava.io.

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Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io.

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Celo is a mobile-first platform making financial dApps and crypto payments accessible to anyone with a mobile phone. Celo supports more than 1000 projects from builders, developers, and even artists, who everyday create new applications and issue digital currencies from over 100 countries around the world. To learn more visit Celo.org today.