CryptoQuant: Bitcoin rises 20%, indicating a bear market rebound

According to Dongxin News Agency, the Federal Reserve's Vice Chairman in charge of supervision, Bauman, stated that the Fed will introduce new regulations requiring large banks to report financial information related to the credit they provide to non deposit financial institutions, including total assets, net profit, and leverage ratio, in order to analyze credit underwriting and conduct risk assessments. She pointed out that the existing data classification is too broad to effectively measure risk exposure, and mentioned the phenomenon of loan activities shifting from banks to non deposit financial institutions after the 2008 financial crisis.

According to The Block, after Senators Angela Alsobrooks and Thom Tillis reached a compromise on stablecoin rewards, the chances of advancing cryptocurrency legislation have significantly increased. Kristin Smith, President of Solana Policy Institute, stated that the probability of the bill passing has increased from 40% two weeks ago to nearly 60% currently. Cody Carbone, CEO of the Digital Chamber of Commerce, stated that the resolution of the stablecoin issue has paved the way for the bill to be passed in the Senate and sent to the President. However, Senator Kirsten Gillibrand stated that without ethical provisions, the bill would not be supported, which remains the main obstacle.

According to Bloomberg, BlackRock plans to launch two tokenized money market funds targeting stablecoin holders and cryptocurrency wallet users. Among them, the digital shares of BlackRock's selected treasury bond debt liquidity fund will be invested in cash and US treasury bond bonds due within 93 days and issued on the Ethereum blockchain; Another stablecoin reserve fund for BlackRock's daily reinvestment will be launched on multiple blockchains. BlackRock CEO Larry Fink has stated that all financial assets will ultimately be tokenized. At present, the BUIDL fund launched by BlackRock in 2024 has a size of approximately $2.5 billion.

1. In April, non farm payroll employment in the United States increased by 115000 people, exceeding expectations, and the unemployment rate remained stable at 4.3% 2. Data released before the new chairman of the Federal Reserve takes office, taking over central bank affairs 3. Spot gold rose $20 to $4724.9 per ounce in the short term 4. SEC Chairman requests Congress to submit Bitcoin Clarity Act 5. Deutsche Bank increases holdings of Strategy stock to $140.1 million 6. Nasdaq 100 Index Futures Rise Over 1% 7. Bitcoin fund holdings increase by 92000, Ethereum decreases by 127000 8. Circle Casting 250 Million USDC in Solana The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/533226

The Bitcoin and Crypto Clarity Act will be officially reviewed on Thursday. （The Bitcoin Historian）