Bankless|15. Mai
Clarity Passes, Stocks Rip, & Wall Street Piles Into Ethereum
📈 Markets Rally Despite Headwinds
- S&P 500 hits new all-time highs; US stocks gained $11 trillion in value since April.
- AI stocks (NVIDIA, DRAM) lead the rally, NVIDIA up 38%.
- Trump meets Xi Jinping: China allows NVIDIA chip sales, boosting equities.
- April inflation rises to 3.8% (highest since May 2023); wage growth stands at only 3.6%.
- Producer prices (PPI) at 6% – forecast was 4.9%.
- Bond yields surge: 10-year at 4.5%, 30-year above 5%.
- New Fed Chair Kevin Warsh confirmed; rate cuts unlikely amid rising inflation.
- Clarity Act passes key Senate Banking Committee vote (15:9); BRCA (developer protections) included.
- Bitcoin above $80,000 (+2.2%), ETH at $2,300 (flat).
- Big banks tokenize money markets: BlackRock, JP Morgan, and Fidelity launch funds on Ethereum.
- Circle (USDC) sees 250% on-chain volume growth; announces ARC token (Layer 1).
- DRAM ETF (AI memory) nears record: $9.5 billion in 42 days.
- Hyperliquid integrates USDC as native stablecoin via Coinbase partnership.
- Anthropic secondary market crashes 34% after company rejects unauthorized share sales.
- Polymarket estimates Clarity Act passage at 69% probability.
- Crypto lags behind stocks but stable foundation suggests potential bottom.
- Tokenization of traditional finance – 'Bankless' becomes hybrid reality.
