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