The U.S. Clarity Act, designed to establish a federal framework for digital assets, failed after months of negotiations and did not reach a final vote. Disputes between the SEC (U.S. securities regulator) and CFTC (U.S. derivatives regulator), along with disagreements over NFTs, DeFi protocols and stablecoins, kept lawmakers from reaching a compromise. The collapse leaves traditional financial institutions and crypto projects facing continued legal uncertainty. Elsewhere, Monochrome Exchange launched an MCR IEO (initial exchange offering) and raised more than 5.5 million USDT; MARA paid a $100 million power deposit for a Texas data-center project whose purchase price remains capped at $600 million; and Quant partnered with The Clearing House to create an interoperability layer for tokenized deposits in regulated U.S. banks. Bitcoin traded at $85,000, up 1.04% in 24 hours, while Hyperliquid whales held $9.695 billion and the platform bought and burned about $956,800 of HYPE. Vitalik Buterin outlined a plan to make Ethereum a hybrid blockchain and cryptography architecture, with roughly 1,000-fold higher transaction throughput and expanded privacy and storage capabilities by 2030. Other developments included disputes over THORChain’s decentralization after the Bitget hack, Bitwise’s NEAR price scenarios, a Sixth Circuit ruling allowing Kalshi to continue operating event contracts in Ohio and Tennessee, and fresh debt financing by CleanSpark.