🌐 Global & Macro: The Clarity Act failed to pass, leaving crypto regulatory uncertainty unresolved. Legal experts warn the legislative setback will prolong ambiguity, though industry executives are pivoting to DeFi opportunities.
🏦 RWA & Institutional: No major RWA or institutional developments in this hour.
⚡ Crypto & Markets: Papertrade addressed price manipulation and protocol vulnerability allegations, attributing issues to loose initial position limits and stating it has begun tightening parameters. Meanwhile, Liquid Network has frozen redemptions for 35 days, with the attacker still holding $49.69M in BTC and the protocol’s support rate dropping to 86%.
💡 Key Takeaway: Regulatory gridlock in the U.S. pushes crypto innovation toward DeFi, while platform-level risk incidents—from Papertrade’s parameter tightening to Liquid Network’s unresolved exploit—underscore persistent operational and security challenges in the sector.