The crypto market is watching Washington closely as the U.S. Senate puts the CLARITY Act on hold for now. While lawmakers focus on other priorities, the crypto industry continues working to secure enough support for the legislation, with prediction markets currently showing uncertainty around whether the bill will become law this year.
Meanwhile, global markets are feeling the pressure as South Korea’s KOSPI trading was temporarily halted after a sharp decline of more than 10%, driven by heavy selling in major semiconductor companies. With major tech earnings from Amazon, Meta, Apple, and Microsoft ahead, investors are closely watching whether market volatility will continue.
In other crypto developments, Circle has acquired a major portfolio of IBM blockchain patents, covering hundreds of patent families across blockchain infrastructure, financial services, enterprise technology, and secure cloud systems. At the same time, blockchain activity continues growing across networks like Ethereum, Solana, and Avalanche, even as their token prices remain significantly lower than last year. The latest debate in crypto: are token valuations disconnected from the real growth happening on-chain?