According to Bitcoin News on the X platform, the Clarity Act has been submitted by the US Senate Banking Committee and included in the Senate legislative agenda. The bill has been reviewed and revised by the committee, and passed with 15 votes in favor and 9 votes against. It can now be arranged to be submitted to the entire Senate for deliberation, and the next procedure is debate and voting by the entire Senate.

According to Jack Yi, founder of Liquid Capital, the cryptocurrency market is expected to experience bottoming out and volatility in the coming months due to factors such as stock market fund diversion and the attractiveness of AI. He suggests focusing on learning and investing in AI, while gradually laying out strategies for cryptocurrency assets.

The price of Bitcoin fell below $68000, and the liquidation amount of long positions reached $727 million within 24 hours. （Cointelegraph）

According to Dan Struvin, co head of global commodity research at Goldman Sachs, if the Strait of Hormuz is almost completely closed and commercial crude oil inventories continue to decline, US diesel inventories may drop to a critical level in August that can only sustain 20 days of supply. He stated that US oil inventories have experienced the largest decline in history in the past 8 weeks, and diesel inventories have dropped to their lowest level since 2003. The Iran War resulted in almost zero oil transportation through the Strait of Hormuz in the Persian Gulf, forcing the production of approximately 2 million barrels of oil to be shut down. According to data from the US Energy Information Administration, as of the week ending May 22, the diesel supply in the United States was approximately 28 days of reserves, compared to 36 days at the end of January.

[Main password: Multi platform BTC main force now has key position defense, with a cumulative number of pending orders reaching 304 million US dollars] Funds positioned early at key levels, hidden intentions could unveil soon—market dynamics may shift to a new stage...