According to CoinMeta, a report indicates that despite the lack of progress of the US Clarity Act in the Senate, the integration of traditional finance with on-chain infrastructure continues. The New York Stock Exchange is exploring tokenization of U.S. stocks and ETF trading with Blockchain.com. ICE has established data cooperation with Blockchain.com, and Circle has received a $100 million strategic investment to drive the distribution of USDC. The innovative exemptions of SEC will continue to promote the adoption of trading, payment, and clearing infrastructure on the blockchain. Last week, blockchain stock indices rose by 1.9%, and Bitcoin increased by 3.8%, but the dollar reached an eight-week high, and the yield on 10-year U.S. Treasury bonds exceeded 5.2%. The macroeconomic environment is not conducive to liquidity-sensitive assets.