BlockBeats news, September 29: CoinShares stated in its latest report that the U.S. CLARITY Act failed to advance in the Senate, cooling short-term expectations for crypto market structure legislation, but the integration of traditional finance and on-chain infrastructure continues. The report believes that regulatory setbacks have not interrupted corporate investment in payments, stablecoin distribution, and tokenized securities, and the market is continuing the institutionalization process through actual business partnerships.CoinShares said that several TradeFi-related developments have recently emerged in the crypto sector, including the New York Stock Exchange and Blockchain.com exploring 24-hour trading channels for tokenized U.S. stocks and ETFs, ICE establishing two-way data cooperation with Blockchain.com; Circle expanding its five-year partnership with Binance and receiving $100 million in strategic investment to promote USDC distribution, among other news. CoinShares believes that these actions, together with the SEC's recent innovation exemptions, will continue to drive trading, payments, and clearing infrastructure onto the blockchain.Market performance shows that crypto assets have temporarily withstood the dual pressure of regulation and interest rates. According to CoinShares, its blockchain stock index rose 1.9% last week, while Bitcoin rose 3.8%; however, the U.S. dollar rose to an eight-week high, the 10-year U.S. Treasury yield broke through 5.2%, oil prices remain supported by the Middle East situation, and the macroeconomic environment remains unfavorable for liquidity-sensitive assets.
