CoinTelegraph
A packed 24-hour news cycle spans central bank independence, crypto legislation, major IPO filings, and AI infrastructure buildout.
Former Fed Chair Jerome Powell warned that removing Fed officials over policy disagreements would destroy the institution's credibility — a direct shot at ongoing political pressure on the central bank. On Capitol Hill, Coinbase's Chief Policy Officer said the Clarity Act is "very close" to passing, with JPMorgan and other major banks reportedly eager to enter crypto once the legal framework clears. Senator Lummis framed the bill as a civilizational choice: "whether America leads the next financial system or watches from the sidelines."
Why it matters
The Clarity Act vote is the most consequential near-term catalyst for U.S. crypto markets. If TradFi banks get a green light, the institutional on-ramp widens dramatically. Meanwhile, Anthropic's confidential SEC IPO filing and SpaceX's amended S-1 signal that high-profile private tech is moving toward public markets, while Alphabet's $80 billion equity raise — anchored by a $10 billion Berkshire Hathaway commitment — underscores that AI capital expenditure is accelerating at a scale that reshapes the broader tech investment landscape.
Market impact
On-chain, a developer rescued 1,003 ETH worth $2M from a 2016 ICO contract locked for nine years. Sui disclosed three mainnet outages on May 28-29 tied to gas bugs and a validator randomness issue. Pavel Durov confirmed TON's native currency rebrands to Gram. Binance launched trading for 8,000+ U.S. stocks and ETFs. Strategy sold 32 BTC. Peter Schiff reiterated his bearish Bitcoin stance after a dip below $71,000. Ondo Finance's CEO said its real-world asset perpetuals platform goes live within weeks.
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