JPMorgan: Probability of Clarity Act Passing This Year Decreases, Citadel Acquires AI Stock Guru Fund Shares

JPMorgan has stated that the probability of the Clarity Act passing this year has decreased, which is unfavorable for the outlook of the cryptocurrency market. Sources reveal that Citadel has acquired a majority of the stock portfolio of the "AI Stock Guru" fund. Multicoin is going long on Robinhood (HOOD), which is the largest stock position for the institution. Insiders say that the "AI Stock Guru" fund is liquidating after suffering significant losses. The New York State pension fund still holds $29.8 million in Strategy stocks and has sold $1.06 million in MSTR. Arthur Hayes pointed out that the Federal Reserve's policies have opened up upward space for DeFi projects with validated PMF. A partner at Dragonfly stated that the current AI boom might not have occurred without the development of the cryptocurrency industry. Polymarket's crypto up-and-down market settlement will switch to TWAP, and a $1 million liquidity incentive will be added in August. Quantum Solutions, the largest ETH holder among Japanese listed companies, sold 1,000 ETH for its AI infrastructure business. Bloomberg ETF analysts noted that recent bonds failed to hedge against stock declines, leading to increased inflows into money market funds and buffered ETFs.