[News Brief] Jun 23, morning | U.S. House Committee to Hold Hearing on Crypto Clarity Act

U.S. House Committee to Hold Hearing on Crypto Clarity Act on July 17

Watcher.Guru reported that a U.S. House committee will hold a hearing on the Crypto Clarity Act on July 17.

The Clarity Act is a bill designed to clarify regulatory standards and supervisory authority for the digital asset market, and the industry views the hearing as a key step in gauging the future direction of U.S. crypto regulation.

CoinGlass: $657 Million Liquidated in Crypto Futures Market Over 24 Hours

According to CoinGlass, approximately $657 million worth of positions were liquidated in the crypto futures market over the past 24 hours.

The number of liquidated traders was estimated at about 137,900. Of the total, around $598 million came from long liquidations, while about $58.81 million came from short liquidations.

The largest single liquidation occurred in the ETH-USD futures contract on Hyperliquid, totaling approximately $14.1486 million.

U.S. Senate Votes on Limiting President Trump’s Military Action Against Iran

According to Odaily, the U.S. Senate voted on a measure to halt President Trump’s war actions against Iran unless approved by Congress.

The vote underscored the need for congressional approval for military actions related to Iran, and whether geopolitical tensions ease may affect broader market risk sentiment.

Chainlink Joins Project Pangea With 47 Korean and European Banks

Chainlink has joined Project Pangea, which includes 47 banks from South Korea and Europe, to support the development of a stablecoin-based cross-border payment infrastructure.

According to CoinDesk, Project Pangea plans to test real-time payment-versus-payment settlement in foreign exchange transactions using regulated euro- and won-pegged stablecoins.

The project aims to shorten the traditional T+2 settlement cycle to T+0 and reduce counterparty and settlement risk in an approximately $150 billion Europe-Korea trade settlement corridor.

Pangea will allow banks to maintain SWIFT and ISO 20022 messaging standards while processing on-chain settlement on the Pangea L1 chain, with Chainlink providing the on-chain infrastructure.

CBOE Reviews Conversion of Bitcoin and Ethereum Continuous Futures Into Perpetual Futures

According to Odaily, the Chicago Board Options Exchange (CBOE) is considering converting its Bitcoin and Ethereum continuous futures into perpetual futures.

Rob Hocking, CBOE Global Head of Derivatives, disclosed the plan but did not provide a specific timeline for the transition.

Earlier, the U.S. Commodity Futures Trading Commission (CFTC) approved prediction market Kalshi’s crypto perpetual futures, a decision seen as opening a regulatory path for U.S.-registered exchanges to launch similar products.

Binance: On-Chain Tokenized Asset Market Up 589%

Binance said the size of the on-chain tokenized asset market has grown 589%, from $2.9 billion to $31.9 billion since 2025.

Tokenized assets refer to real-world assets or financial products issued and traded on blockchain networks. The market has been expanding as institutional investors and traditional financial firms increase their participation.

Orbit Integrates USDT With Brazil’s Instant Payment Network Pix

Orbit, a Tether-backed crypto payment app, has integrated USDT with Brazil’s instant payment network Pix.

According to Wu Blockchain, Orbit said the integration makes USDT accessible to roughly 170 million Pix users.

Orbit users can convert local currency into USDT and transfer stablecoins between self-custody wallets and bank accounts through payment networks including Pix, SEPA, ACH, SPEI, and InstaPay.

The integration expands access to stablecoin payments in Brazil.

Bitcoin ETF Fund Flows Slow; “BTC May Have Found a Bottom”

Bitcoin Magazine, citing Reuters, reported that Bitcoin ETF fund flows have slowed significantly and that BTC may have found a bottom.

ETF fund flows are a key indicator of institutional demand, and the market is watching closely for their impact on Bitcoin’s price.

Anonymous Wallet Transfers 1,532 BTC to Coinbase Institutional

According to Whale Alert, 1,532 BTC, worth about $95.43 million, was transferred from an anonymous wallet to Coinbase Institutional.

Large transfers to exchanges or institutional custody platforms are sometimes interpreted as potential selling pressure, though no actual sale has been confirmed.

Kraken Transfers 2,867 BTC to Unidentified Wallet

According to Whale Alert, 2,867 BTC was transferred from Kraken to an unidentified wallet. The transfer was worth approximately $178.21 million.

Large BTC outflows from exchanges to external wallets are generally interpreted as custody-related movements or as a sign of reduced near-term selling supply. However, the owner of the wallet and the purpose of the transfer have not been confirmed.