Key Highlights
- Bitcoin broke below $80,000 for the first time since early May after $635 million in single-day ETF outflows — the worst since January 29 — led by BlackRock’s IBIT ($285M) and Ark’s ARKB ($177M)
- The Senate Banking Committee meets today at 10:30 AM ET to mark up the CLARITY Act, the most significant U.S. crypto legislation since the GENIUS Act was signed in July 2025
- Moody’s assigned its highest AAA-mf rating to BlackRock’s BUIDL and Fidelity’s FILQ tokenized money market funds, as tokenized Treasury AUM surpasses $15 billion
The crypto market opened Thursday, May 14, under heavy institutional selling pressure as the largest single-day Bitcoin ETF outflow in nearly four months collided with a…
