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More →The U.S. Senate did not advance the 635-page Clarity Act.
CoinWorld news: The U.S. Senate recently failed to advance the 635-page Clarity Act, which aims to establish a regulatory framework for digital asset market structure, proposes legal classification of crypto tokens, sets licensing requirements for trading-related businesses, and delineates the regulatory authority of the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC).
The U.S. Senate failed to advance the Digital Asset Market Transparency Act.
CoinDesk reports that the U.S. Senate failed to advance the Digital Asset Market Clarity Act, which aimed to establish legal classification of crypto tokens, issue trading institution licenses, and delineate the regulatory authority of the SEC and CFTC. With the midterm elections approaching, there is no path to revive the bill before the end of the year. Cynthia Lummis, chair of the Senate Banking Subcommittee on Digital Assets, and Thom Tillis will be leaving office. Goldman Sachs and BlackRock had supported the bill.
YahooFinance: Bitcoin trends bullish as investors bet on a Fed rate hike pause
According to news from Biquan, Yahoo Finance reported that as investors bet that the Federal Reserve will pause interest rate hikes, Bitcoin is moving in a bullish direction.
An unknown wallet transferred in 387,005 HYPE, worth approximately $34.15 million.
Crypto news data: According to Whale Alert monitoring, an unknown wallet has just transferred in 387,005 HYPE, worth approximately $34.15 million at current prices.
BlackRock's next major tokenization investment
Coin World News: BlackRock is advancing its tokenized investment plan and is expected to launch smart portfolios through a partnership with Ondo Finance, packaging professionally constructed investment strategies into a single token on the blockchain. These portfolios will combine different assets, focusing on high-yield, diversified growth, and high-growth strategies. Investors can hold one token representing the entire portfolio without having to separately purchase and rebalance the underlying investments. Lisa O'Connor, head of BlackRock's Global Model Portfolio Solutions, said that tokenization offers a new way to deliver portfolio strategies through digital infrastructure.
The Sisyphus Trap of the Crypto Industry
According to Bijie News, the crypto industry's efforts to seek regulatory clarity seem destined to repeat Sisyphus's fate. The U.S. Senate recently failed to advance the Digital Asset Market Clarity Act, also known as the Clarity Act, and with the midterm elections approaching, there is almost no realistic path to reviving the bill. The bill aimed to establish a market structure framework, classify crypto tokens, license trading firms, and divide regulatory authority between the Securities and Exchange Commission and the Commodity Futures Trading Commission. If the bill were implemented, it would unlock the enormous potential of the crypto industry, including expanding financial inclusion and reducing cross-border payment costs. However, regulators will naturally hesitate before the rules are clear, and ordinary Americans also lack trust in an unregulated market. Congress has long recognized the need for a comprehensive regulatory framework, but legislative efforts since 2018 have all failed to make substantive progress. As the new Congress is sworn in, the advancement of the Clarity Act will face a reset.
Nvidia executive: AI safety should not slow technological progress
According to news from Bijie, Nvidia Senior Software Director Ali Golshan said in an exclusive interview that AI security does not require slowing down the pace of technological advancement. He pointed out that security has always been a factor that accelerates development, rather than slowing it down. He mentioned that when SSL and encryption became the default, the internet developed faster. He also emphasized that agents fail or deviate from their tasks because they lack sufficient trust to handle real context. Using the metaphor of hiring a contractor to fix a leak, he explained that clearly indicating where the problem is can lead to a more effective solution. The core idea of Nvidia's Openshell platform is that companies that first build trust and governance into agents will be able to handle more sensitive data and greater autonomy, thereby achieving faster progress.
The VVIX volatility index is at 87.02 points.
Bjie.com US stock data: The VVIX volatility index closed at 87.02 points. Compared with the same-caliber snapshot 24 hours earlier, it fell 4.99 points.
Over the past 4 hours, the share of active buy trades in SOL contracts was 48.12%.
Bjie.com data: In the most recent 4 full hours, the taker buy volume share of the SOLUSDT perpetual contract was 48.12%, while the taker sell share was 51.88%, with taker selling dominating. Compared with the same-caliber snapshot 24 hours earlier, it fell by 0.3622 percentage points.
Over the past 4 hours, the share of active buy trades in ETH contracts was 52.78%.
Bjie.com data: For the ETHUSDT perpetual contract, the taker buy volume share over the most recent 4 complete hours was 52.78%, while the taker sell share was 47.22%, with taker buying dominating. Compared with the same-caliber snapshot 24 hours earlier, it fell by 0.9289 percentage points.