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U.S. House Financial Services Committee holds a hearing on the CLARITY Act today, with the updated text possibly delayed until next week.

1 hours ago

Crypto journalist Eleanor Terrett posted on X that Republican members of the U.S. House Financial Services Committee will hold an in-person hearing in New York at 10 a.m. ET, focusing on how the CLARITY Act can drive innovation in the digital asset space. The hearing is an informational session designed to gather industry input and discuss policy implications, and will not impact the Senate’s ongoing consideration of the bill. Meanwhile, the updated legislative text of the CLARITY Act has not yet been released. Citing industry sources, Terrett noted that crypto industry leaders currently expect the updated text to be delayed until next week.

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Associated addresses linked to Lombard Finance have deposited 750 Bitcoin to Galaxy Digital, likely for an over-the-counter (OTC) transaction.

According to monitoring by Onchain Lens, a wallet associated with Lombard Finance sent 750 BTC (approximately $47.8 million) to Galaxy Digital, likely related to an over-the-counter (OTC) transaction.

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Photon Stock Guru: Kimi K3 Boasts Enormous Parameter Count, Cloud Hosting Platform Companies Likely to Benefit

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Paxos Joins Robinhood Chain Governance Council

Stablecoin and blockchain infrastructure provider Paxos tweeted, “Paxos is honored to be a member of the Robinhood Chain Governance Council.”

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Chair of the U.S. House Committee on Administration: CLARITY Act Expected to Pass the Senate Next Week

US Congressman Bryan Steil expressed optimism on Fox News that the CLARITY Act is expected to pass the Senate next week, stressing that the U.S. needs to set a gold standard for regulation in the digital asset space. Steil currently serves as Chairman of the House Administration Committee, and also chairs the Subcommittee on Digital Assets, Financial Technology and Artificial Intelligence under the House Financial Services Committee.

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New-generation Doubao smartphones have a stock of hundreds of thousands of units, and the AI will no longer forcibly integrate into leading apps.

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Bloomberg analysts: Bitcoin may replicate the trend following the launch of gold ETFs, undergoing a "painful pullback" and a "patience-testing recovery"

Bloomberg ETF analyst Eric Balchunas said Bitcoin ETFs are likely to follow gold’s volatility trajectory, experiencing "stunning rallies" and "painful pullbacks" that will test investors’ patience. Balchunas noted that both gold and Bitcoin are non-yield-bearing stores of value that generate no cash flow. Their demand, driven by market sentiment, can lead to both "price surges" and prolonged stagnation. As such, Bitcoin ETFs may follow the same playbook: stunning gains, painful pullbacks, and a recovery that could test investors’ patience.

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