🚨Breaking News :
The CLARITY Act just cleared the Senate Banking Committee 15–9, and Crypto Twitter is already victory-lapping. But the tape tells a different story: on May 13, U.S. spot Bitcoin ETFs posted a $635M net outflow in a single session — the largest one-day exit since January.
And the bill isn’t even close to finished. It still needs a full Senate vote, and 100+ amendments are waiting in line. The hardest fights are exactly where you’d expect: yield-bearing stablecoin language and how crypto assets get classified. So yeah—nice headline, but don’t open the champagne yet.
Meanwhile, supply pressure is real. That same week, about $770M in tokens unlocked, with PYTH alone releasing 2.13B tokens (~$92.46M) into the market. BTC is hovering around $77K, and 24h volatility has tightened to ~2.3%—the kind of quiet that usually shows up right before things get loud.
Macro isn’t helping either: April CPI hit 3.8% and PPI jumped to 6%, smashing rate-cut hopes. Institutions are stepping away from ETFs, while retail celebrates regulatory “progress” online.