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The U.S. Senate Banking Committee recently advanced the Digital Asset Market CLARITY Act with a bipartisan vote of 15 to 9, marking a step forward in the regulatory framework for the U.S. crypto market. Research institution HashKey Group pointed out that if the bill is enacted, it will significantly enhance compliance certainty for institutional investors participating in the crypto market and strengthen the core position of the U.S. dollar stablecoin in the global digital financial system.Analysts believe that a clearer U.S. regulatory framework will encourage banks, asset management institutions, and sovereign funds to more widely adopt compliant stablecoins for cross-border payments, settlements, and fund management, especially with more evident demand in the Asian market. However, at the same time, the U.S. restrictions on "yield-bearing stablecoins" may create structural spillover effects. HashKey researcher Tim Sun stated that if the U.S. strictly limits the stablecoin yield mechanisms, capital may flow to the Asian market or indirectly seek higher yields through "wrapped products."The report noted that the Asian market (such as Hong Kong and Singapore) features active cross-border trade, frequent capital flows, and local currencies that are more susceptible to external shocks. In an environment of high U.S. dollar financing costs, U.S. dollar stablecoins will become an important liquidity tool. However, the analysis also emphasized that this competition is not a zero-sum game. As the CLARITY Act progresses, the global competitive focus may shift from "trading platforms and token issuance" to "stablecoin liquidity channels and control over financial infrastructure," meaning who can more efficiently connect U.S. dollar liquidity, regional assets, and compliant financial channels.

According to Jinshi reports, Mitsubishi UFJ analyst Michael Wan stated that after the U.S. inflation data exceeded expectations, the yen became the most pressured currency in the process of the dollar strengthening again. The USD/JPY exchange rate fell to around 157.88, approaching the high set on May 6.The market expects the Federal Reserve to further tighten policies, pushing the 10-year U.S. Treasury yield to its highest level since July of last year, and the 30-year U.S. Treasury yield has surpassed 5%.

According to Jinshi reports, Mitsubishi UFJ analysts stated in a report that the dollar may strengthen further in the coming days and weeks, potentially rising in sync with U.S. Treasury yields. If there is no resolution to the Iran conflict and the Strait of Hormuz remains closed, this trend will become more pronounced. Analysts pointed out that the current market enthusiasm surrounding artificial intelligence is an important support against the risk of a stock market correction, and once the stock market adjusts, it usually benefits the dollar.

Glassnode's latest weekly report indicates that Bitcoin slowly climbed from $77,000 to $82,000 last week, with buying pressure continuing to support during the pullback, even as momentum began to cool near local highs. The spot CVD surged, reflecting strong bullish sentiment and a firm belief in price increases. Meanwhile, spot trading volume also increased, indicating that the recent price trend gained more support with heightened investor participation. However, the easing of price momentum suggests that buying and selling pressures are becoming more balanced, implying that the market may be entering a stabilization phase.The situation in the futures market is similar, with a rise in risk appetite. The increase in open interest indicates heightened speculative activity, with investors willing to take on more risk; the perpetual contract CVD surged, indicating sustained bullish momentum. However, the decline in long funding rates suggests a shift towards bearish sentiment, and bullish sentiment may have weakened.In the options market, the demand for downside protection has decreased, while open interest has increased, indicating a shift in market expectations towards neutral or slightly bullish. However, the volatility spread has surged significantly, indicating that the risks reflected in options pricing are much higher than the actual risks, reflecting a notable increase in participant uncertainty.In summary, supported by stronger on-chain activity, healthier profitability, and more stable holder positions, Bitcoin's market structure continues to improve. Although bullish sentiment is strengthening, the slowdown in capital inflows and cautious market sentiment suggest that the market remains sensitive to changes in risk appetite.

Tom Lee, co-founder of Fundstrat and chairman of BitMine, stated on the X platform that Ethereum's supply has been in a "deflationary" state over the past year, and the purchases and staking by Ethereum's crypto treasury company have further amplified this trend.

According to Gate market data, Circle's stock price opened low and rose high today, increasing by over 12%, leading the cryptocurrency concept stocks to strengthen, including:MSTR up 0.98%;COIN up 4.37%;SBET up 2.16%;BMNR up 1.98%;HOOD up 1.97%;Hut 8 up 6.88%.

According to the official announcement, Gate Live has officially launched the "Live Lottery Carnival Phase 21" event. Users can accumulate heat value by watching live broadcasts, participating in comments and interactions, and sharing the live broadcast. 80 heat values can be exchanged for 1 lottery chance.This phase's prize pool has added rewards such as DJI action cameras, 10 GT, position experience vouchers, transaction fee cashback vouchers, and lucky bags. The event prize pool has been replenished, and users can now go to Gate Live to participate in interactions and unlock lottery qualifications.

Polymarket announced the latest progress on feature updates, including the launch of measures to mitigate latency spam to ensure order placement and cancellation operations, fixing the "insufficient balance/authorization" error, and another core issue affecting limit buy orders is expected to be resolved in the coming days.In addition, Polymarket stated that it has identified and banned multiple clusters of ghost-fill accounts, all of which were created before the deposit wallet system went live. Any account exhibiting ghost-fill behavior will be identified and banned, and the deposit wallet system will also prevent non-compliant accounts from continuing to create new accounts in bulk. More updates will be released in the coming week to address previously outstanding issues.

According to FOX reporter Charles Gasparino, the U.S. CFTC and SEC are currently in agreement on the regulatory boundaries regarding prediction markets and recent unusual trading related to the Iran conflict.Gasparino pointed out that although outsiders believe this area is solely governed by the CFTC, the SEC will deeply intervene when prediction contracts can legally be defined as "securities." He also revealed that, in addition to the cases previously announced, regulators may initiate more enforcement actions against prediction markets in the future.

According to token unlocking data from the Crypto asset data platform RootData, Alaya (AGT) will unlock approximately 164.17 million tokens at 0:00 on May 16, Beijing time, worth about 3.14 million USD.

According to EmberCN monitoring, a suspected Arrington Capital associated address transferred 100,000 COMP ($2.26 million) to Binance in the last 4 hours, while COMP dropped 4% during that time, currently reported at $22.

According to on-chain analyst Yu Jin (@EmberCN), an address suspected to belong to Arrington Capital recently transferred 100,000 COMP to Binance, worth approximately $2.26 million at the time.This transfer may have caused COMP to drop about 4% in the past 4 hours, with the price falling from $22.9 to $22.

The trading platform Aster announced that at 18:00 Beijing time today (10:00 UTC), it will launch the U-based perpetual contract (AGTUSDT) for Alaya AI (AGT).It is reported that to coincide with the launch of the new contract, Aster will simultaneously open a trading reward event from May 7 to May 14. During the event, AGTUSDT contract trading will enjoy a 1.2 times bonus, and participating users will share a total prize pool of $50,000 in ASTER based on their proportion of generated transaction fees. The participation condition is that the transaction fee must be greater than $5, and the individual reward cap is 3% of the total prize pool.According to reports, Alaya AI is an open Web3 data sampling and automatic labeling AI infrastructure driven by a decentralized community, aimed at transforming data into on-chain user-owned assets.

The globally leading cryptocurrency trading platform Gate announced that it will hold an offline event in Milan on May 21. This timing coincides with Inter Milan Football Club securing the championship three rounds early in the Serie A league for the 2025-26 season, successfully winning the 21st league trophy in the club's history.At the same time, Gate is also celebrating its thirteenth anniversary. As the official sleeve sponsor of Inter Milan, Gate has gained significant global exposure alongside the team's championship journey, with brand awareness continuously amplified by the excitement of the events, attracting widespread attention in both the sports and Web3 industries.As a traditional powerhouse in Italian football, Inter Milan's return to the top further solidifies its competitive position on the elite stage. Gate, the official sleeve sponsor of Inter Milan, will invite clients, KOLs, and institutions to participate in this event, engaging in multidimensional communication and interaction around the event's milestones and brand culture.Leveraging the traffic and emotional resonance brought by sports events, Gate accelerates the expansion of its connection with mainstream culture, injecting new momentum into its brand internationalization process.

According to the official announcement, Gate will launch the 13th Anniversary VIP Welcome Event from April 21, 10:00 to May 20, 23:59 (UTC+8), and the second phase of the VIP Reward Triple Gift from May 6, 12:00 to May 19, 23:59 (UTC+8), providing multiple incentives for new and advanced VIP users. The event includes VIP newcomer packages, trading cashback, GT airdrops, and level acceleration among other benefits.In the VIP Welcome Event, users who upgrade to VIP 5 or above can unlock newcomer packages and multi-track trading rewards, and participate in sharing an 800,000 USDT airdrop prize pool; at the same time, users can also receive a maximum airdrop reward of 1,500 USDT by meeting the standards through contract, spot, and TradFi trading. In the Reward Triple Gift event, users can participate in the trading cashback program and level acceleration mechanism after signing up, with a chance to receive a VIP+2 experience card and a 10% trading cashback voucher.In addition, users who meet the net deposit conditions can also receive GT airdrop rewards. The platform will also launch a VIP Growth Camp to help users quickly advance to VIP levels and unlock more benefits.

According to the latest data from the Gate platform, the total staking amount of its GT mining product has reached 40,297,100 GT. In addition to GT, the platform also offers multi-currency staking options. As of the time of writing, the reference annualized yields are: GUSD 2.80%, BTC 2.67%, ETH 4.05%, SOL 8.50%, and USDT 3.47%.It is reported that the minimum staking for GT is 1 GT, allowing for low-threshold participation, supporting quick staking and redemption, making fund flow more flexible; at the same time, it unlocks diverse PoS staking strategies, distributes GT2 earnings daily, and provides strong security for user assets through a 100% reserve mechanism.

The cryptocurrency market is strengthening in sync with global stock indices, and risk assets continue to show an upward trend. As of this morning, BTC has firmly stood above the key support level of $81,000 and is showing a sustained upward trend.Meanwhile, major global stock indices are performing strongly, with several core indices reaching historical highs this week. According to data from the Gate platform, SPX500 (S&P 500 Index) reached a peak of $7,314.55 during trading, setting a new historical high, and is currently reported at $7,274.36; NAS100 (Nasdaq 100 Index) is currently reported at $28,211.46, with a 24-hour increase of 1.73%; JPN225 (Nikkei 225 Index) is currently reported at $387.33, with a 24-hour increase of 2.21%, indicating a continued warming of global risk appetite.Against this backdrop, the inter-market asset correlation has further strengthened. Gate has launched the world's first index perpetual contracts, currently offering 15 trading pairs that cover major global stock indices and volatility indices, fully supporting USDT settlement and 24/7 continuous trading. At the same time, the platform has expanded to include various traditional financial assets such as stocks, metals, foreign exchange, and commodities, continuously building an integrated derivatives trading system that coordinates cryptocurrency assets with TradFi.

Market analysts point out that DAT (Digital Asset Treasury/Asset Management Vehicle) in the Hyperliquid ecosystem currently holds about 9% of the circulating supply of HYPE, a higher proportion than similar structures of mainstream assets such as BTC, ETH, SOL, and BNB. The analysis suggests that DAT, as an important vehicle for institutional participation, introduces new "balance sheet buying" to the market, addressing the issue of a lack of sustained allocation funds in previous cycles.Among them, HYPE is currently one of the few assets trading at a positive mNAV (market net asset value premium), giving related treasury tools stronger financing capabilities. In addition, the recent revisions to ETF application documents are seen as a signal that the approval path is gradually becoming clearer. The report indicates that against the backdrop of DAT continuously absorbing circulating chips, if the ETF is approved, the new passive funds will directly impact the relatively limited circulating supply, and combined with the early institutional holding structure, may provide more direct support for the price. However, the analysis also warns that the current circulating ratio of HYPE is still relatively low compared to the fully diluted valuation (FDV), and the structural release of supply remains a potential variable.

According to CoinDesk, the American Innovation Project (AIP), a U.S. technology policy advocacy organization, has added two policy researchers, including Jacob Smagula, who has a background in the cryptocurrency industry, to join Congressman Ritchie Torres's team to participate in legislation related to digital assets.It is reported that Smagula previously worked in the government affairs team of the Bitcoin mining company MARA and is currently engaged in policy research at the DeFi Education Fund, possessing experience in communication between the cryptocurrency industry and regulators. AIP was established in 2025 with support from organizations such as the Digital Currency Group, aiming to provide Congress members with professional insights and policy support on emerging technologies like AI and digital assets. This appointment is seen as a signal of further professionalization in U.S. cryptocurrency legislation and regulation.

According to Gate market data, at the opening of the U.S. stock market, the Dow Jones Industrial Average fell by 0.3%, the S&P 500 index fell by 0.1%, and the Nasdaq Composite index opened flat. Storage concept stocks performed strongly, with SanDisk rising by 3.2% and Micron Technology rising by 4%.