Trump-Xi Summit, Clarity Act Vote, and Coinbase's Big Move

The Clarity Act cleared the Senate Banking Committee in a 15-9 bipartisan vote. Every Republican voted yes, with two Democrats crossing over. The bill now heads to the full Senate, needing 60 votes.

Coinbase will serve as the official treasury deployer for USDC on Hyperliquid under a new framework. HYPE surged 20% on the news.

Cerebras doubled on its Nasdaq debut, giving the AI chipmaker a market cap over $100 billion.

The Trump-Xi summit delivered a constructive tone with progress on trade, including China ordering 200 Boeing jets and Nvidia getting the green light to sell H200 chips. Xi warned Trump on Taiwan.

Kraken is migrating bridge infrastructure from LayerZero to Chainlink CCIP after the Kelp DAO exploit.

Thorchain was exploited for $10M+ across several chains.

BTC at $80.5k, ETH at $2,250.