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On May 15, the Cryptocurrency Market Structure Act (the CLARITY Act) was approved by the Senate Banking Committee this morning and has moved on to the full Senate vote. The market is optimistic about the prospects of completing the legislation this year, with the prediction market Polymarket giving a success probability of over 70%. However, the CLARITY Act still faces significant hurdles, the most challenging being the need to secure 60 votes out of 100 to end the debate motion in the full Senate. The legislative process for the CLARITY Act is detailed as follows: The Senate Banking Committee version of the bill is set to be merged with the Senate Agriculture Committee version, which currently appears highly likely to succeed. The Banking Committee version addresses SEC-related aspects, focusing on securities attributes, trading platform registration, and DeFi protections; the Agriculture Committee version was passed on January 29 and deals with CFTC-related matters, emphasizing digital commodity spot markets, derivatives, and intermediaries. The two committee versions complement each other without significant conflicts, and the merger is expected to take 2-3 weeks. After the merger, the CLARITY Act will enter the full Senate vote. The vote must first pass the 'hard threshold' to end the debate motion, requiring 60 votes out of 100; without 60 votes, any senator can indefinitely delay the process, preventing the final vote on the bill. Currently, 2 Democratic senators have crossed party lines in support, and all 51 Republican senators are expected to vote in favor, but at least 7 Democratic senators need to switch their votes for the bill to pass, representing the biggest variable in the legislative path of the CLARITY Act. Following a successful end to the debate motion, the final vote will require a simple majority (51 votes) to pass, leading to the formation of the Senate version of the CLARITY Act. This Senate version will then be reconciled with the House version, which was passed in July 2025, to establish a final unified text through a conference committee, followed by a final vote in both chambers, which only requires a simple majority to pass, as consensus has typically been reached within the committee before the vote, allowing for a swift passage to be signed into law by Trump.

[Final Showdown for the CLARITY Act: 7 Democratic Senators Needed to Switch Votes Before Full Senate Vote]On May 15, the Cryptocurrency Market Structure Act (the CLARITY Act) was approved by the Senate Banking Committee this morning and has moved on to the full Senate vote. The market is optimistic about the prospects of completing the legislation this year, with the prediction market Polymarket giving a success probability of over 70%. However, the CLARITY Act still faces significant hurdles, the most challenging being the need to secure 60 votes out of 100 to end the debate motion in the full Senate. The legislative process for the CLARITY Act is detailed as follows: The Senate Banking Committee version of the bill is set to be merged with the Senate Agriculture Committee version, which currently appears highly likely to succeed. The Banking Committee version addresses SEC-related aspects, focusing on securities attributes, trading platform registration, and DeFi protections; the Agriculture Committee version was passed on January 29 and deals with CFTC-related matters, emphasizing digital commodity spot markets, derivatives, and intermediaries. The two committee versions complement each other without significant conflicts, and the merger is expected to take 2-3 weeks. After the merger, the CLARITY Act will enter the full Senate vote. The vote must first pass the 'hard threshold' to end the debate motion, requiring 60 votes out of 100; without 60 votes, any senator can indefinitely delay the process, preventing the final vote on the bill. Currently, 2 Democratic senators have crossed party lines in support, and all 51 Republican senators are expected to vote in favor, but at least 7 Democratic senators need to switch their votes for the bill to pass, representing the biggest variable in the legislative path of the CLARITY Act. Following a successful end to the debate motion, the final vote will require a simple majority (51 votes) to pass, leading to the formation of the Senate version of the CLARITY Act. This Senate version will then be reconciled with the House version, which was passed in July 2025, to establish a final unified text through a conference committee, followed by a final vote in both chambers, which only requires a simple majority to pass, as consensus has typically been reached within the committee before the vote, allowing for a swift passage to be signed into law by Trump.

Final Showdown for the CLARITY Act: 7 Democratic Senators Needed to Switch Votes Before Full Senate Vote

On May 15, on-chain analyst Ai Yi reported that the new address 0x669…bF437 has added 1,655 ETH, bringing the total accumulation to 3,957 ETH over two days. The average withdrawal price for this $9 million worth of ETH is $2,272.55, and it is currently at the breakeven point.

[New Address Accumulates 1,655 ETH, Totaling 3,957 ETH in Two Days]On May 15, on-chain analyst Ai Yi reported that the new address 0x669…bF437 has added 1,655 ETH, bringing the total accumulation to 3,957 ETH over two days. The average withdrawal price for this $9 million worth of ETH is $2,272.55, and it is currently at the breakeven point.

New Address Accumulates 1,655 ETH, Totaling 3,957 ETH in Two Days

On May 15, the prediction market platform Kalshi announced a partnership with Interactive Brokers. Interactive Brokers has integrated Kalshi's prediction market into its existing trading platform, allowing users to manage their prediction market positions alongside traditional investment portfolios on a single interface, supporting real-time position tracking, liquidity, and price viewing. The initial markets will focus on election results, climate events, and economic indicators.

[Prediction Market Kalshi Partners with Interactive Brokers]On May 15, the prediction market platform Kalshi announced a partnership with Interactive Brokers. Interactive Brokers has integrated Kalshi's prediction market into its existing trading platform, allowing users to manage their prediction market positions alongside traditional investment portfolios on a single interface, supporting real-time position tracking, liquidity, and price viewing. The initial markets will focus on election results, climate events, and economic indicators.

Prediction Market Kalshi Partners with Interactive Brokers

On May 15, U.S. President Trump stated that his patience with Iran is running thin, urging Tehran to reach an agreement with Washington. He also hinted that the demand to reclaim Iran's enriched uranium is more about creating a certain 'perception' rather than for security reasons. 'My patience won't last much longer,' Trump said, 'They should reach an agreement.' When asked about the necessity of obtaining enriched uranium from Iran, Trump suggested that aside from public relations purposes, there is actually no need for this demand. Trump stated, 'To be honest, if we could get that enriched uranium, I would feel more secure. But I think this is more about public relations than any other purpose.' (Jinshi)

[Trump Claims Patience with Iran is Running Thin]On May 15, U.S. President Trump stated that his patience with Iran is running thin, urging Tehran to reach an agreement with Washington. He also hinted that the demand to reclaim Iran's enriched uranium is more about creating a certain 'perception' rather than for security reasons. 'My patience won't last much longer,' Trump said, 'They should reach an agreement.' When asked about the necessity of obtaining enriched uranium from Iran, Trump suggested that aside from public relations purposes, there is actually no need for this demand. Trump stated, 'To be honest, if we could get that enriched uranium, I would feel more secure. But I think this is more about public relations than any other purpose.' (Jinshi)

Trump Claims Patience with Iran is Running Thin

On May 15, on-chain analyst Ai Yi reported that the address 0xB4d…B186a sold 250 WBTC on-chain in the past 5 hours, valued at $20.275 million. This address has frequent interactions with the block builder Titanbuilder and currently holds $80.95 million in ETH and $20.88 million in WBTC on-chain.

[Address Sells 250 WBTC Worth $20.275 Million on-chain in 5 Hours]On May 15, on-chain analyst Ai Yi reported that the address 0xB4d…B186a sold 250 WBTC on-chain in the past 5 hours, valued at $20.275 million. This address has frequent interactions with the block builder Titanbuilder and currently holds $80.95 million in ETH and $20.88 million in WBTC on-chain.

Address Sells 250 WBTC Worth $20.275 Million on-chain in 5 Hours

According to Beating monitoring, San Francisco tech journalist Jasmine Sun published a lengthy investigative report in The New York Times, concluding after interviewing over 50 researchers, economists, and policy experts that the consensus among Silicon Valley AI practitioners is that the economic outlook for most ordinary people is bleak, yet no one knows what to do about it. Anthropic CEO Dario Amodei predicts that by 2030, 50% of entry-level white-collar jobs may disappear, while Block CEO Jack Dorsey laid off nearly half of his employees in March, directly attributing this to AI agents. In a follow-up article, she documented the starkly different attitudes observed during her visit to China. When she relayed the anxiety of American recent graduates struggling to find jobs due to AI to Chinese youth, her 24-year-old cousin scoffed, stating that the issue in China is simply too many people competing for too few jobs. Juan Yan, author of 'Delivering in Beijing,' also mentioned that blue-collar colleagues are too busy making a living to consider the threat of AI replacement. This contrast has specific causes. Since the expansion of higher education in 1999, a large number of knowledge workers have been produced, but the available positions are far from sufficient, leading to significant youth unemployment even before the advent of AI. Labor costs are also low; a Zhihu user pointed out that replacing a job with a monthly salary of 3,000 yuan with AI is not cost-effective, while jobs in the U.S. with annual salaries exceeding $100,000 are the real hotspots. The Chinese attitude towards AI is not one of fear but rather eagerness to learn; a WeChat analysis article succinctly summarizes that discussions about AI in China fall into two categories: one urging you to learn quickly and the other pushing you to get on board. Policy differences are also significant. AI policy researcher Matt Sheehan found that a labor arbitration case in Beijing ruled that firing an employee solely because AI could perform their job violated the Labor Contract Law. During her visit, she also noticed that parks and subway stations in China are staffed with far more cleaners and security personnel than necessary, effectively serving as a buffer for employment.

[Silicon Valley's AI Nightmare: Chinese Youth Remain Indifferent]According to Beating monitoring, San Francisco tech journalist Jasmine Sun published a lengthy investigative report in The New York Times, concluding after interviewing over 50 researchers, economists, and policy experts that the consensus among Silicon Valley AI practitioners is that the economic outlook for most ordinary people is bleak, yet no one knows what to do about it. Anthropic CEO Dario Amodei predicts that by 2030, 50% of entry-level white-collar jobs may disappear, while Block CEO Jack Dorsey laid off nearly half of his employees in March, directly attributing this to AI agents. In a follow-up article, she documented the starkly different attitudes observed during her visit to China. When she relayed the anxiety of American recent graduates struggling to find jobs due to AI to Chinese youth, her 24-year-old cousin scoffed, stating that the issue in China is simply too many people competing for too few jobs. Juan Yan, author of 'Delivering in Beijing,' also mentioned that blue-collar colleagues are too busy making a living to consider the threat of AI replacement. This contrast has specific causes. Since the expansion of higher education in 1999, a large number of knowledge workers have been produced, but the available positions are far from sufficient, leading to significant youth unemployment even before the advent of AI. Labor costs are also low; a Zhihu user pointed out that replacing a job with a monthly salary of 3,000 yuan with AI is not cost-effective, while jobs in the U.S. with annual salaries exceeding $100,000 are the real hotspots. The Chinese attitude towards AI is not one of fear but rather eagerness to learn; a WeChat analysis article succinctly summarizes that discussions about AI in China fall into two categories: one urging you to learn quickly and the other pushing you to get on board. Policy differences are also significant. AI policy researcher Matt Sheehan found that a labor arbitration case in Beijing ruled that firing an employee solely because AI could perform their job violated the Labor Contract Law. During her visit, she also noticed that parks and subway stations in China are staffed with far more cleaners and security personnel than necessary, effectively serving as a buffer for employment.

Silicon Valley's AI Nightmare: Chinese Youth Remain Indifferent

On May 15, John Williams, President of the New York Federal Reserve, delivered a public speech on Thursday, stating that in the context of significant uncertainty due to conflicts in the Middle East, there is currently no need for the Federal Reserve to consider adjusting interest rate policies. He emphasized that the overall monetary policy is in an appropriate range, with no rationale for either raising or lowering rates in the short term. 

Williams expressed these views at an event hosted by the National Association for Business Economics, maintaining a consistent policy stance. He highlighted the importance of stabilizing inflation expectations, noting that while short-term inflation expectations have risen slightly, this is a normal phenomenon, and long-term inflation expectations remain stable, which is crucial for overall price stability. 

Regarding the impact of tariffs, Williams believes that the inflationary effects of tariffs have largely been absorbed, and it is essential to continue monitoring the evolution of overall price pressures. 

Williams pointed out that current inflation expectations are generally under control, and the labor market has not further pushed up prices. There have been no unusual second-round effects or persistent inflation inertia in the market, but he stressed the need for close observation and vigilance in monitoring. 

Commenting on the continued strength of the U.S. stock market, Williams stated that this is not surprising given the level of optimism regarding the economic outlook. He noted that the market holds optimistic expectations for future productivity gains, with advancements in technology such as artificial intelligence serving as significant support. 

Additionally, he gave a positive assessment of the Federal Reserve's current ample reserves banking liquidity management system, stating that it is functioning well.

[New York Fed President: Current Monetary Policy is Appropriate, No Need for Rate Changes in the Short Term]On May 15, John Williams, President of the New York Federal Reserve, delivered a public speech on Thursday, stating that in the context of significant uncertainty due to conflicts in the Middle East, there is currently no need for the Federal Reserve to consider adjusting interest rate policies. He emphasized that the overall monetary policy is in an appropriate range, with no rationale for either raising or lowering rates in the short term. 

Williams expressed these views at an event hosted by the National Association for Business Economics, maintaining a consistent policy stance. He highlighted the importance of stabilizing inflation expectations, noting that while short-term inflation expectations have risen slightly, this is a normal phenomenon, and long-term inflation expectations remain stable, which is crucial for overall price stability. 

Regarding the impact of tariffs, Williams believes that the inflationary effects of tariffs have largely been absorbed, and it is essential to continue monitoring the evolution of overall price pressures. 

Williams pointed out that current inflation expectations are generally under control, and the labor market has not further pushed up prices. There have been no unusual second-round effects or persistent inflation inertia in the market, but he stressed the need for close observation and vigilance in monitoring. 

Commenting on the continued strength of the U.S. stock market, Williams stated that this is not surprising given the level of optimism regarding the economic outlook. He noted that the market holds optimistic expectations for future productivity gains, with advancements in technology such as artificial intelligence serving as significant support. 

Additionally, he gave a positive assessment of the Federal Reserve's current ample reserves banking liquidity management system, stating that it is functioning well.

New York Fed President: Current Monetary Policy is Appropriate, No Need for Rate Changes in the Short Term

On May 15, according to CCTV, under the new circumstances, both China and the United States should actively expand cooperation to create a constructive tone for bilateral relations. It is essential to deeply understand that competition is not a zero-sum game of you win, I lose, nor is it a malignant game of camp confrontation and decoupling; rather, it should be a healthy competition of mutual promotion and progress, serving the common interests of both countries and the overall peace and development of the world. A correct understanding must be established: as two countries with different civilizations, systems, and paths, China and the U.S. will inevitably have differences. The key is to uphold the spirit of equality, respect, and reciprocity, and to find wisdom and methods to resolve these differences. China and the U.S. should strengthen cooperation to maintain the stability of the international order, solidifying the foundation for peaceful coexistence among nations and creating a favorable environment.

[CCTV Commentary: Jointly Promote Constructive Strategic Stability in China-U.S. Relations]On May 15, according to CCTV, under the new circumstances, both China and the United States should actively expand cooperation to create a constructive tone for bilateral relations. It is essential to deeply understand that competition is not a zero-sum game of you win, I lose, nor is it a malignant game of camp confrontation and decoupling; rather, it should be a healthy competition of mutual promotion and progress, serving the common interests of both countries and the overall peace and development of the world. A correct understanding must be established: as two countries with different civilizations, systems, and paths, China and the U.S. will inevitably have differences. The key is to uphold the spirit of equality, respect, and reciprocity, and to find wisdom and methods to resolve these differences. China and the U.S. should strengthen cooperation to maintain the stability of the international order, solidifying the foundation for peaceful coexistence among nations and creating a favorable environment.

CCTV Commentary: Jointly Promote Constructive Strategic Stability in China-U.S. Relations

On May 15, Slow Fog's Yu Xian announced on social media that the high-risk iOS attack framework Dark Sword has been publicly leaked on platforms like GitHub and is being used for large-scale espionage attacks targeting cryptocurrency wallet holders. This attack program targets devices running iOS versions 18.4 to 18.7, exploiting vulnerabilities in the Safari browser through malicious web pages to achieve remote code execution and steal users' sensitive data. Attackers initiate attacks using bait web pages impersonating pornographic live streams, Tron energy stations, refund processes, and more. iPhone users running older iOS versions may have their sensitive information, such as plaintext private keys and mnemonic phrases, stolen by malicious JavaScript code when accessing such web pages via Safari (even if the page is not closed), with the data being relayed in real-time through channels like Telegram bots.

[Slow Fog: DarkSword Attack Program Leaked, Old iOS Users' Cryptocurrency Wallets at Serious Risk]On May 15, Slow Fog's Yu Xian announced on social media that the high-risk iOS attack framework Dark Sword has been publicly leaked on platforms like GitHub and is being used for large-scale espionage attacks targeting cryptocurrency wallet holders. This attack program targets devices running iOS versions 18.4 to 18.7, exploiting vulnerabilities in the Safari browser through malicious web pages to achieve remote code execution and steal users' sensitive data. Attackers initiate attacks using bait web pages impersonating pornographic live streams, Tron energy stations, refund processes, and more. iPhone users running older iOS versions may have their sensitive information, such as plaintext private keys and mnemonic phrases, stolen by malicious JavaScript code when accessing such web pages via Safari (even if the page is not closed), with the data being relayed in real-time through channels like Telegram bots.

Slow Fog: DarkSword Attack Program Leaked, Old iOS Users' Cryptocurrency Wallets at Serious Risk

Accoridng to Coindesk, the U.S. Department of Justice (DOJ) filed an appeal late Thursday evening challenging a New York bankruptcy judge’s decision to allow Binance.US’s billion-dollar plan to acquire the assets of bankrupt crypto lender Voyager Digital. The appeal, which was filed by the U.S. Trustee’s Office – an arm of the DOJ responsible for overseeing bankruptcies – comes just one day after Judge Michael Wiles approved the deal after a contentious, four-day-long marathon hearing. Regulators, including the U.S. Securities and Exchange Commission (SEC) and various state regulators have been staunchly opposed to the proposed deal. Last month, the SEC filed an objection to the purchase of Voyager, arguing that Binance.US may be violating federal securities laws by operating an unregistered securities exchange in the U.S. However, Judge Wiles appeared to be unmoved by the SEC’s concerns, telling the lawyers present at the hearing that the Bankruptcy Code “doesn’t contemplate an endless period of time.”

Detail

【U.S. DOJ appeals New York judge’s decision to approve Voyager’s sale to Binance.US】Accoridng to Coindesk, the U.S. Department of Justice (DOJ) filed an appeal late Thursday evening challenging a New York bankruptcy judge’s decision to allow Binance.US’s billion-dollar plan to acquire the assets of bankrupt crypto lender Voyager Digital. The appeal, which was filed by the U.S. Trustee’s Office – an arm of the DOJ responsible for overseeing bankruptcies – comes just one day after Judge Michael Wiles approved the deal after a contentious, four-day-long marathon hearing. Regulators, including the U.S. Securities and Exchange Commission (SEC) and various state regulators have been staunchly opposed to the proposed deal. Last month, the SEC filed an objection to the purchase of Voyager, arguing that Binance.US may be violating federal securities laws by operating an unregistered securities exchange in the U.S. However, Judge Wiles appeared to be unmoved by the SEC’s concerns, telling the lawyers present at the hearing that the Bankruptcy Code “doesn’t contemplate an endless period of time.”

U.S. DOJ appeals New York judge’s decision to approve Voyager’s sale to Binance.US

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U.S. DOJ appeals New York judge’s decision to approve Voyager’s sale to Binance.US

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