Bescent Steps Up, What's the Possibility of the Clarity Act Passing? | Seo Dong-ju, Kim Dong-hwan, Park Sang-hyuk, Digital Asset Editor-in-Chief

Summary

The panel discusses U.S. macro data (PCE, GDP) that relieved inflation pressure, the historic Microsoft surge powered by AI cloud and steady capex, a hedge fund margin call that sparked conspiracy theories about forced selling in Korean chipmakers, Fidelity's view that Bitcoin is near a bottom for long-term investors, the uncertain legislative path of the Clarity Act and its impact on Bitcoin, and Robinhood's record revenue driven by prediction markets.

• PCE inflation came in below expectations, giving markets relief but rate-hike risk remains.
• Microsoft recorded its largest-ever single-day market cap gain on strong AI cloud results and stable capex guidance.
• A forced liquidation at an AI-focused hedge fund likely depressed Samsung and SK hynix; recovery is expected after the selling clears.
• Fidelity sees Bitcoin ETF flows stagnant and a near-term bottom, favorable for long-term entry.
• The Clarity Act's fate hangs on a tight Senate vote, and Bitcoin's direction is closely tied to the outcome.
• Robinhood posted a record quarter with a 10x surge in prediction-market revenue, highlighting a new growth engine.
• The OUSD stablecoin consortium named U.S. Treasuries as its reserve asset, a first concrete step, but details remain sparse.