CLARITY Act enters a critical negotiation phase over the next two weeks
According to Odaily, the CLARITY Act, a key U.S. cryptocurrency regulatory bill, has entered a critical negotiation phase over the next two weeks.
While the Senate is in recess until July 13, bipartisan staff, the White House, and cryptocurrency industry participants are expected to coordinate on the bill’s remaining issues.
The main points of contention include integrating draft language prepared by the Senate Banking Committee and the Agriculture Committee, ethics provisions, and anti-money laundering requirements.
If an agreement is reached, the bill could be brought before the full Senate for a vote as early as late July to early August.
The market views the period before Congress’s August recess as the key deadline for passage this year. If a vote does not happen during that window, prospects for enactment in 2026 could decline significantly, according to observers.
Securitize wins shareholder approval for SPAC merger, plans NYSE listing
Tokenization infrastructure provider Securitize has received shareholder approval for its SPAC merger with Cantor Equity Partners II, according to CoinDesk.
The transaction is expected to close on Wednesday, and after the merger Securitize plans to list on the New York Stock Exchange on Thursday under the ticker SECZ.
The listing comes amid continued interest from traditional finance in real-world asset tokenization and blockchain-based securities infrastructure. Shares of Cantor Equity Partners II surged as much as 20% intraday on Monday.
U.S. Supreme Court blocks Trump from removing Fed Governor Lisa Cook
The U.S. Supreme Court did not allow President Trump to remove Federal Reserve Governor Lisa Cook, according to a market update cited by Odaily.
Separately, the Court recognized Trump’s authority to remove a Federal Trade Commission commissioner. The issue of removing a Fed governor has drawn market attention because of its implications for central bank independence and the future direction of interest rate policy.
Bitfinex says BTC faces pressure below $60,000, with possible downside into the $40,000 range
According to Odaily, a Bitfinex analyst said Bitcoin is facing pressure below $60,000, while key buying demand has weakened due to spot ETF outflows and slowing demand from crypto treasury strategies.
The analyst said that if the short-term macro environment worsens again, Bitcoin’s realized price of around $53,400 could serve as a major support level, but if the decline deepens, it could fall into the $40,000 range.
Earlier weakness in Bitcoin was attributed to a combination of ETF selling, stop-loss activity by short-term holders, and fund outflows. Bitfinex added that spot demand needs to recover for a bottom to form and for an upward reversal to become possible.
Net Bitcoin purchases by listed companies fell 83% week over week
According to SoSoValue, as of 8 a.m. ET on the 29th, net Bitcoin purchases by global listed companies excluding miners totaled $14.65 million last week, down 83% from the previous week.
Strategy, formerly MicroStrategy, did not make additional Bitcoin purchases last week. The company announced repurchase plans of up to $1 billion each for its Class A common stock and digital credit preferred stock, and also approved the ability to secure up to an additional $1.25 billion through Bitcoin sales if necessary.
Odaily said the move should be viewed not as an immediate sale, but as a liquidity measure to prepare for buybacks and dividend or interest payments. Analysts say Strategy’s approach may be shifting from aggressive Bitcoin accumulation toward capital structure management.
Japan-listed Metaplanet also did not purchase Bitcoin last week, extending its buying pause to 10 consecutive weeks.
However, Hong Kong-based CIMG received 207.7 BTC worth $13.5 million through proceeds from stock and warrant issuance, raising its total holdings to 937.7 BTC. Brazilian Bitcoin firm OrangeBTC bought 74 BTC for $4.9 million on the 29th, bringing its total holdings to 3,896 BTC.
The total Bitcoin holdings of the tracked global listed companies excluding miners stood at 1,142,484 BTC, up 0.02% from the previous week. At current market prices, that is worth about $68.52 billion, or 5.7% of Bitcoin’s circulating market capitalization.
2,262 BTC transferred from anonymous wallet to Coinbase Institutional account
According to Whale Alert, 2,262 BTC was transferred from an anonymous wallet to a Coinbase Institutional account.
The transfer was worth about $133.82 million. Large movements into exchange-related wallets may be interpreted as potential selling intent or custody-related fund transfers.
100.4 million USDT transferred from anonymous wallet to Bitfinex
According to Whale Alert, 100.4 million USDT, worth about $100.27 million, was transferred from an anonymous wallet to Bitfinex.
The transaction was recorded on the Ethereum network. Large stablecoin inflows to exchanges are typically interpreted as funds waiting to be deployed for purchases, though the actual purpose of the transfer has not been confirmed.
USDC Treasury transfers 100 million USDC to Coinbase Institutional
According to Whale Alert, USDC Treasury transferred 100,116,578 USDC, about $100,164,434, to Coinbase Institutional.
Large stablecoin transfers may be related to exchange liquidity provision or institutional client settlement, though the specific purpose of this transfer has not been confirmed.
Bitcoin rises above $60,000
Bitcoin (BTC) climbed above $60,000.
According to OKX market data, BTC was trading at $60,004, up 0.31% on the day.
Ethereum rises above $1,600
Ethereum climbed above $1,600. According to OKX market data, ETH was trading at $1,601.12, up 1.32% on the day.
According to the source, the move reflects a short-term price recovery driven by incoming buying demand.
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