According to Odaily Planet Daily, White House chief crypto advisor Patrick Witt stated that the Clarity Act, the US crypto market structure bill, is a "regulatory and enforcement-supporting" bill that refutes criticisms from some law enforcement agencies that it is insufficient to prevent financial crime. With the midterm elections approaching, the window for Congress to pass the bill is narrowing. Senator Cynthia Lummis warned that if it fails to pass this year, the bill may not be seriously considered again until after 2030. Currently, the Clarity Act still faces multiple controversies, including stablecoin yield arrangements, conflicts of interest related to Trump's crypto business, and whether anti-money laundering standards are strict enough. The latest version also incorporates the Blockchain Regulatory Certainty Act (BRCA), pushed by DeFi supporters, aiming to clarify that non-custodial developers should not be considered as money transferors. However, some law enforcement groups and lawmakers worry that the BRCA and certain provisions of the bill may weaken the ability to track illicit funds and recover victims' assets. Witt stated that lawmakers have responded to these concerns before the Senate Banking Committee vote and added provisions to strengthen the regulatory and enforcement foundation. (The Block)

In the past hour, total liquidations across the network reached $31.55 million, with $30.17 million from long positions, with $1.38 million from short positions. BTC liquidation $2.15 million, ETH liquidation $3.86 million.

In the past hour, total liquidations across the network reached $10.81 million, with $8.45 million from long positions, with $2.36 million from short positions. BTC liquidation $1.08 million, ETH liquidation $248,694.71.

MyToken data monitoring shows that on 【June 5th, 05:16】 (Beijing Time), an address starting with 【0xbd05】 transferred 【80499890 USDC】 to an address starting with 【0xa0b8】, with a total value of approximately 【80.56 million】. Real time monitoring of large transfers：https://www.mytokencap.com/large-transfers/

According to Huoxun Finance, U.S. stocks closed on Thursday with the Dow Jones Industrial Average preliminarily rising 1.7% to a new closing high, the S&P 500 rising 0.4%, and the Nasdaq Composite slightly down. In individual stocks, Nvidia rose nearly 2%, Micron Technology fell 7.7%, and Broadcom fell more than 12%. The Nasdaq China Golden Dragon Index closed down 0.6%, and XPeng Motors fell 3.5%.