Bitcoin ETF momentum & rate shock: BTC bounced after a Fed hike, reclaiming the $87K area before slipping back near $84K; spot ETFs extended inflows to five sessions (about $2.65B over five days) while analysts point to key support around $82K and traders watch big options expiry risk. Crypto market drawdown: A fast selloff wiped over $100B in value in days, with liquidations amplifying the move as Treasury yields jumped. US regulation gridlock: The CLARITY Act stalled in the Senate, but the CFTC is still pushing tokenized-collateral and 24/7 market plans; meanwhile, the SEC is moving via exemptions for tokenized securities venues using permissioned AMM-style liquidity. Tokenized stocks go mainstream: NYSE and Blockchain.com plan to explore distributing tokenized US shares and ETFs, raising the usual questions about ownership records and who can trade. Stablecoin adoption push: Visa research suggests US stablecoin interest could jump if bank-style fraud coverage and deposit insurance are added. Onchain finance UX & infrastructure: Colb launched Colbee on WhatsApp to turn conversation into onchain transactions; VAST Data unveiled DataEnclave for confidential AI in trusted hardware. Exchange & liquidity updates: MEXC topped TokenInsight’s BTC/ETH futures depth and slippage rankings; OKX updated MiCA-aligned institutional guidance. Scam and safety reminders: FCA-linked reporting highlights recovery-room scams hitting crypto victims again; BitMEX’s closure adds a $50/month fee for leftover balances.