[News Brief] Apr 22, morning | The CLARITY Act to establish a U.S. digital asset regulatory framework has advanced to a full Senate vote

The CLARITY Act to establish a U.S. digital asset regulatory framework has advanced to a full Senate vote

According to Odaily, Galaxy Head of Research Alex Thorn said on X that the U.S. Senate Banking Committee passed the CLARITY Act by a 15-9 vote.

He outlined the next possible milestones as follows: June 1 for coordination between the Senate Banking Committee and the Agriculture Committee, June 15 for full Senate debate, June 22 for a possible final vote, and July 13 for completion of House-Senate reconciliation.

If the process proceeds on schedule, President Trump could sign the bill into law in early August, according to the outlook.

Alex Thorn added that Democrats are focusing on ethics provisions that would restrict digital asset holdings and profits by senior public officials and their families, while regulation of decentralized finance and the Blockchain Regulatory Certainty Act (BRCA) are still under negotiation.

The CLARITY Act is intended to establish regulatory standards and investor protection frameworks for the U.S. digital asset market.

Global bond sell-off fears are continuing after the 30-year U.S. Treasury yield rose above 5%, its highest level in 20 years

Odaily reported.

Japan's 10-year government bond yield rose to 2.8%, its highest level in 30 years, while South Korean stocks plunged intraday, triggering a circuit breaker. Gold prices also fell below $4,500.

Investors believe pressure on the bond market may persist as concerns continue over potential disruption to oil shipments through the Strait of Hormuz amid Middle East tensions. Priya Misra, portfolio manager at J.P. Morgan Asset Management, said rising long-term yields are spreading globally and that the possibility of further Federal Reserve rate hikes has emerged as a key market variable.

Bitcoin is testing a major support level while a bearish signal has emerged for Ethereum, analysts said

According to PANews, 10x Research said in a report that after the May 13 Consumer Price Index (CPI) release, Bitcoin ETF holders sold more than $1 billion, and market sentiment fell sharply from 87% to 45%.

The report said concerns about inflation have resurfaced as the 30-year U.S. Treasury yield climbed to 5.12%, putting pressure on the cryptocurrency market as well.

10x Research said Bitcoin is testing its 30-day moving average, and falling below that level could indicate a weakening uptrend. It identified key price levels at $79,125 and $76,922.

For Ethereum, the firm assessed that a bearish signal has appeared. However, it added that the current market pattern still reflects a recovery phase accompanied by a correction, and that the cycle bottom has likely already formed.

According to Odaily, Blockaid said the Verus-Ethereum cross-chain bridge (verus.io) was attacked, with losses so far totaling about $11.58 million

Blockaid said its vulnerability detection system identified the attack. Cross-chain bridges support asset transfers between different blockchains and are frequently targeted by hackers because they often hold large amounts of locked funds.

ETH fell below 2,100 USDT

Odaily, citing OKX market data, reported that ETH is currently trading at 2,099.99 USDT, down 3.73% over the past 24 hours.

BTC fell below the 77,000 USDT level

Odaily, citing OKX market data, reported that BTC is trading at 76,989.2 USDT, down 1.55% over the past 24 hours.

According to Watcher.Guru, $600 million worth of positions were liquidated in the crypto market over the past hour

Large liquidations occur when leveraged positions are forcibly closed during periods of heightened price volatility. The specific direction of the liquidations and the main cause were not disclosed.

White House crypto adviser Patrick Witt said that if the CLARITY Act passes, about 90% of the crypto industry's regulatory concerns could be resolved

The CLARITY Act contains provisions to clarify regulatory authority and standards for digital assets in the United States, and the industry has long called for reduced regulatory uncertainty.

Source: PANews

Morgan Stanley is reportedly offering $1,500 to new E*TRADE sign-ups who invest in cryptocurrencies such as Bitcoin

@pete_rizzo_ said on X on the 18th that Morgan Stanley is directly offering incentives to attract more crypto investors.

The promotion comes amid a broader trend of major traditional financial institutions expanding crypto access for retail investors.

A Bitcoin historian said on X that South Korea's National Pension Service increased its indirect Bitcoin exposure by an additional $40 million through MicroStrategy (MSTR)

The source cited was @pete_rizzo_. Because MicroStrategy is a publicly traded company that holds a large amount of Bitcoin, purchases of its stock are often interpreted as indirect Bitcoin investment.