📰 Major News

1. US Regulation: The key crypto-industry bill, the “CLEAR Act,” failed to pass in the Senate vote; the House is moving forward with a bill related to a national Bitcoin reserve; the SEC has enabled an exemption mechanism to clear tokenized U.S.-stock trades on-chain, boosting market sentiment.

2. ETF Flows: Yesterday, multiple spot crypto ETFs saw net inflows across the board; spot Bitcoin ETF inflows on the day were about $715 million, with institutional capital continuing to enter.

3. On-Chain Signals: CryptoQuant indicators show that Bitcoin’s MVRV‑MA30 has entered the historical accumulation range again; historically, following this signal, market performance has often been strong.

4. Event Window: Today, $18 billion in options expire, which may increase short-term market volatility—be alert to the risk of sharp back-and-forth price swings.