hi guys, today’s update below;
MARKET
Where BTC struggled earlier today to hold the 80k mark, price has now pushed back above 82k after the Senate Banking Committee officially advanced the crypto Clarity Act. Meanwhile, the S&P keeps grinding higher and printed another fresh ATH at 7,500.
HEADLINES
• US & China officially began talks in Beijing focused on AI, tariffs, and trade deals alongside major CEOs
• Elon Musk on the talks: “I have a good feeling about these talks”
• Senate Banking Committee officially voted to advance the CLARITY Act, next stop is the Senate floor
• Odds of the CLARITY Act becoming law this year now sit around 69%
ALTCOINS
• Solana reclaimed the #2 spot in daily perps volume for the first time in 48 weeks
• Hyperliquid made USDC its main collateral asset after striking a revenue-sharing deal with Circle
• ZachXBT dropped an investigation into LAB covering OTC deals, MM coordination, unknown float, and alleged >95% supply control
• Kraken moved $3B to Chainlink infrastructure, replacing LayerZero with CCIP for kBTC and future wrapped assets