[News Brief] Apr 22, morning | CLARITY Bill Passed with Bipartisan Vote

The CLARITY Bill Passed with Bipartisan Support

According to Odaily, the bill is designed to clarify the regulatory framework for digital assets, and the market is closely watching whether it will reduce regulatory uncertainty.

According to Odaily, CoinGlass data showed that total liquidations across the cryptocurrency market over the past hour reached $208 million

Of that total, long liquidations accounted for $205 million, making up the vast majority, while short liquidations came in at $2.68 million. BTC liquidations totaled $59.41 million.

According to Odaily, shortly after the U.S. stock market opened, the Dow fell 0.65%, the S&P 500 declined 1%, and the Nasdaq dropped 1.51%. The VIX rose 10.31%

Crypto-related stocks also moved lower. BTCS fell 10.14%, Bit Digital dropped 9.15%, Circle declined 7.01%, Upxi lost 5.26%, and Hut 8 slipped 5.19%.

The decline appears to reflect broader risk-off sentiment in U.S. equities, which spread selling pressure to crypto-related stocks as well.

Odaily, citing OKX market data, reported that BTC briefly fell below 80,000 USDT

BTC is currently trading at 79,974.1 USDT, with its 24-hour gain narrowing to 0.05%.

According to Odaily, mounting inflation pressure in the United States has put the dollar on track for its biggest weekly gain in two months

The U.S. Dollar Index (DXY) has risen more than 1% this week, marking its strongest weekly performance since mid-March. Two U.S. inflation readings released this week both came in above market expectations, shaking the Treasury market, while comments from within the Federal Reserve suggested that the U.S. is facing an inflation problem.

Money markets have started to price in the possibility that the Fed could raise interest rates this year. This contrasts with sentiment from a month ago, when markets were expecting rate cuts or a more dovish policy stance.

Monex FX trader Andrew Hazzard said the move was driven by a combination of rising oil prices due to heightened Middle East tensions and stronger-than-expected U.S. inflation data.

U.S. derivatives giant CME Group plans to launch Nasdaq CME Crypto Index futures on June 8, subject to regulatory approval, according to WuBlockchain

The product will be CME’s first market-cap-weighted crypto index futures contract, tracking a basket of major cryptocurrencies including Bitcoin, Ether, Solana, XRP, ADA, LINK, and XLM.

Both standard-sized and micro-sized contracts will be offered. CME is a leading derivatives venue for institutional investors, and this product expands the range of crypto index-based investment tools available.

According to Whale Alert, 215,748,312 USDC was transferred from an anonymous wallet to Coinbase

The transaction was worth approximately $215,724,256. While stablecoin inflows to exchanges may be interpreted as capital waiting to buy, a single on-chain transfer alone is not enough to confirm actual buying activity.

According to Whale Alert, 270,317,105 USDC was transferred from an anonymous wallet to Coinbase

The transfer was worth about $270,286,965. Large stablecoin inflows to exchanges are generally seen as a sign of potential buying power, but the actual purpose of the transfer has not been confirmed.

According to Whale Alert, 2,134 BTC was moved from an anonymous wallet to a Coinbase institutional account

The transfer was worth approximately $172.03 million. Exchange inflows are often interpreted as a sign of potential selling pressure, though they may also reflect institutional custody transfers.

Bitcoin miner IREN Limited has completed a $3 billion convertible notes offering due 2033 with a 1.00% interest rate, according to PANews citing GlobeNewswire

The offering consisted of an initial $2.6 billion issuance and a $400 million overallotment option. Net proceeds totaled about $2.96 billion, of which roughly $201.3 million was used for capped call transactions, with the remainder allocated to general corporate purposes and working capital.