Alpaca Controls Ninety-Four Percent of Tokenized Stocks as CLARITY Act Faces Final Two Weeks

July 27th, 2026: Bitcoin trades at sixty-five thousand two hundred eighty-seven dollars as Middle East tensions ease, sending oil down seven percent. Alpaca, a California brokerage, now controls ninety-four percent of the tokenized equities market-one point five billion dollars backing Binance, Kraken, and other platforms-exposing a fundamental contradiction in crypto's promise to eliminate intermediaries. The CLARITY Act enters its final two weeks before August recess with ethics provisions still unresolved. We examine the wave of crypto failures including BitMart's shutdown following BitMEX, Storj Labs' Chapter 11 filing, and Thailand's SEC criminal complaint against Bitkub over a forty-seven million dollar hack disclosure. Plus: quantum computing threats accelerate, lawsuit claims three point eight million dormant Bitcoin, and CoreWeave's three point five billion dollar Texas data center financing.