Clarity Act Delay… Is the Coin Market Shaking? | Seo Dong-ju, Kim Dong-hwan, Park Sang-hyuk Digital Asset Editor-in-Chief

Summary

The panel discusses the Clarity Act's procedural delay in the US Senate, which has pushed its passage probability down to 32% and drained momentum from hopeful altcoins. They also examine heightened FOMC uncertainty with a 70/30 hold/hike split, a flash crash in SK Hynix perpetual futures on Hyperliquid that triggered $80M in liquidations, and the consequent weakness in the Hyperliquid token. Geopolitical tensions between the US and Iran briefly spiked oil prices and rippled into crypto.

• Clarity Act faces Senate gridlock; passage odds drop to 32% on Polymarket
• Altcoins like Ethereum and Ripple that had priced in regulatory relief lose momentum
• FOMC decision uncertainty at 70/30 is high by historical standards, raising event risk for Bitcoin
• Hyperliquid experiences a flash crash in SK Hynix perpetuals causing massive liquidations
• Hyperliquid token (HYPE) falls ~9% weekly amid the incident and regulatory headwinds
• Regulatory crackdowns on centralized exchanges push some users toward DeFi platforms
• Geopolitical flare-up between US and Iran temporarily lifts oil and briefly hits risk assets