US Senate Struggles to Pass the CLARITY Act, Crypto Legislation Outlook Dims

The US Senate may not be able to pass the CLARITY Act before the summer recess, leading to a cooling outlook for crypto legislation this year. Robinhood Chain's historical trading volume has surpassed 150 million transactions, with an average block time of about 100 milliseconds. Weekly trading volume reached $25.1 billion, with Hyperliquid RWA accounting for more than half of the platform's total weekly trading volume for the first time. A Bitcoin policy research organization has joined the US State Department's 'Digital Freedom' initiative. A Galaxy report shows that the Q2 dormant Bitcoin awakening volume has hit a new low since Q3 2022. The strategic director of Flashbots pointed out that the BitMEX insurance fund mechanism could be a significant reason for its eventual closure. Crypto KOLs have indicated that after the platform token BMX of BitMart plummeted over 60%, there were anomalies in platform withdrawals. North Korea has dismantled an elite hacking group involved in breaching central banks and foreign trade banks, laundering money through cryptocurrencies.

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