According to Odaily Planet Daily, the legislative process for the Digital Asset Market Clarity Act, currently being pushed forward by the US Senate, has been delayed for several months, but a path to progress remains possible despite the tight legislative schedule. Sources indicate that the bill's original April passage is now virtually impossible, and it may enter the Senate committee review stage as early as May. If a Senate vote can be completed before July, the bill still has a chance to pass in 2026. However, some analysts point out that given the limited legislative window and the intertwining of multiple political issues, the probability of the bill passing in 2026 is approximately 50%. Further significant disagreements could lead to further delays or even its shelving. (CoinDesk)

According to Odaily Planet Daily, analysts at Cantor Fitzgerald say investors are shifting their focus to new businesses such as prediction markets, a key driver of the next phase of growth for Coinbase and Robinhood. The analysts maintain an "overweight" rating on both exchanges and have raised their price targets to $250 and $110 respectively, believing that the medium- to long-term growth prospects for both companies improve as product expansion (such as prediction markets, tokenization, and private market access) progresses. (CoinDesk)

According to Odaily Planet Daily, based on monitoring by on-chain analyst Yu Jin, the KelpDAO hackers began laundering and transferring ETH yesterday afternoon, and have so far allegedly laundered 34,500 ETH (US$80 million). Most of this ETH was exchanged for BTC through THORChain's cross-chain transactions, resulting in significant "transit fees" for THORChain: THORChain's trading volume surged to US$360 million in the past 24 hours, compared to an average daily trading volume of only US$20 million previously. THORChain's platform fee revenue reached US$420,000 in the past 24 hours, compared to a daily fee revenue of only US$5,000 previously.

According to Odaily Planet Daily, the U.S. Department of Justice has announced that Carmine Agnello, grandson of mob boss John Gotti, has been sentenced to 15 months in prison for defrauding approximately $1.1 million in COVID-19 relief funds and investing some of them in cryptocurrency businesses. Prosecutors stated that between April 2020 and November 2021, Agnello obtained multiple relief loans from the U.S. Small Business Administration (SBA) through false declarations, claiming they were for his auto parts and recycling business operations. He actually misappropriated the funds for personal use, with approximately $420,000 invested in cryptocurrency-related ventures. The U.S. Attorney's Office for the Eastern District of New York stated that this act occurred during the peak of the pandemic and constitutes a serious misuse of government aid funds. Agnello is expected to begin serving his sentence on July 1st. Furthermore, official data shows that COVID-19 relief fund fraud is a serious problem in the United States, with the U.S. Government Accountability Office (GAO) estimating that approximately $135 billion (about 15% of the total) flowed into fraudulent activities. (CoinDesk)

Odaily Planet Daily reports that US President Trump stated that Iran does not want to close the Strait of Hormuz; they want it open so they can earn $500 million daily, and closing it would mean losing that money. Iran claims they want to close the strait because I have already completely blocked it, so they are just trying to "save face." Four days ago, someone approached me saying, "Iran wants to open the strait immediately." But if we do that, it will never be possible to reach an agreement with Iran unless we destroy other parts of their country, including their leader. (Jin Shi)