๐๐ ๐จ ๐๐ฅ๐ฌ๐ฃ๐ง๐ข ๐๐จ๐ฆ๐ง ๐ง๐ข๐ข๐ ๐ง๐ช๐ข ๐๐๐ ๐๐๐ง๐ฆ โ ๐๐ก๐ ๐๐ง๐ ๐๐ข๐จ๐ก๐๐๐ ๐๐ก๐ฌ๐ช๐๐ฌ. ๐
1/ ๐ CLARITY Act failed 49โ50. After months of negotiations, cloture failed by one vote. Passage odds immediately collapsed, with the bill potentially pushed to November.
2/ ๐ Fed hiked to 3.75โ4.00%. The first hike since 2023 landed just one day after the CLARITY Act setback. Core PCE forecasts rose to 3.4%.
3/ ๐ BTC dipped to $74,913 โ then recovered to $81,500. An 8.7% rebound in five days. The market may have already priced in the bad news.
4/ ๐ SEC launched a 5-year Innovation Exemption. Even with legislation stalled, regulators are moving forward with a framework for tokenized markets.
5/ ๐ S&P Global acquired OpenZeppelin. A major signal that traditional financial infrastructure continues moving deeper into blockchain and smart-contract security.
6/ ๐ Crypto meets geopolitics again. The US Treasury sanctioned Iranian crypto exchange BitBank, alleging it moved funds connected to sanctioned entities.
7/ ๐ BTC back around $81K. ETH ~$2,655. SOL ~$111. And BTC is once again knocking on the $82K wall.
8/ ๐ So what happens next? CLARITY could return later in the year, while the SEC/CFTC increasingly shape the regulatory path. November FOMC is next on the macro radar.
CLARITY failed. Fed hiked. BTC bounced anyway.
The market absorbed two major shocks and came back swinging.
Now $82K is the level everyone is watching. ๐
bitcoin:native ethereum:native binancecoin:native aster-2:native solana:So11111111111111111111111111111111111111112 sui:native solana:taoC6xyv2v8tDLcev4uaGUgV4vdQsWJrGft2kcBRrBY