
Clarity Act Prospects Dim, BitMEX to Shut Down Amid Consolidation
Support from major firms fails to boost Clarity Act chances; BitMEX announces closure as crypto market narrows to five key players.
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Original coverage across the crypto market, updated daily.

Support from major firms fails to boost Clarity Act chances; BitMEX announces closure as crypto market narrows to five key players.
Brent crude hits $90 amid escalating Iran war, raising Fed rate hike expectations and pressuring Bitcoin.
The Digital Asset Market Clarity Act aims to establish a federal framework for crypto regulation in the United States.

Mixed comments from President Trump and Fed Chair Kevin Warsh inject uncertainty into crypto markets.

Bitcoin posted its worst weekly close since H2 2024, but Changpeng Zhao and a key RSI divergence signal potential recovery.

TRM Labs reports that onchain gambling reached $51 billion in 2025, with a resilient $14B quarter despite the crypto market downturn.
Short liquidations pushed the total crypto market cap toward $2.15 trillion Monday.
The U.S. dollar hit a two-month high on strong jobs data, pressuring Bitcoin and other risk assets.

The crypto market experienced its largest weekly decline since the FTX collapse, with nearly $390 billion in value erased.