The past 24 hours brought a broad set of developments across crypto regulation, institutional adoption and macro markets. Citi said the stalled Senate process for the CLARITY Act did not interrupt Bitcoin's rebound, shifting attention toward SEC rulemaking and the pace of implementation for trading, tokenized assets and market-access rules. CFTC (U.S. derivatives regulator) Chairman Michael Selig said regulators must prepare for large-scale tokenization and 24/7 trading, while the SEC has advanced an innovation exemption for on-chain trading of tokenized stocks. CoinRoutes co-founder Dave Weisberger said Bitcoin's unresolved collateral treatment, rather than ETFs or corporate accumulation, remains the key barrier to broader institutional participation. Institutional flows remained strong: U.S. spot Bitcoin ETFs recorded $715 million of net inflows and spot Ether ETFs recorded $162 million, extending their positive streaks to four and three days, respectively. European asset manager 21Shares launched physically backed ETPs (exchange-traded investment products) tracking Zcash and ETHFI, while Blockchain.com and NYSE Group signed an MOU to explore access to tokenized U.S. stocks and ETFs, subject to regulatory approval. Other developments included MoonPay's planned acquisition of North Capital for more than $60 million, Hashed's backing of a planned $300 million private credit fund, Atum's $13.5 million financing, and new funding for Ema, Go.AI and infiniFi. Security researchers linked the malicious iOS application FomoPeek to the theft of nearly $580,000 in crypto assets. Kalshi filed to list perpetual securities futures tied to U.S. stocks and ETFs, while unusual trading activity on its platform drew attention from regulators and market participants. The roundup also covered quantum-computing risks to blockchain cryptography, AI's potential role in financial services, weak European ASML equipment sales, sterling's 12-week low and gold's decline amid stronger tightening expectations.