1.92 billion outflows, soaring oil prices, and interest rate cuts looming—this week's macro landscape is practically hellish, but the Clear bill at least allows builders to sleep well.

This week, the cryptocurrency market experienced a net outflow of $920 million, with short-term trends still dragged down by macroeconomic factors. Higher-than-expected PPI and the US-Iran conflict pushed up oil prices, limiting the Federal Reserve's room to cut interest rates, resulting in Bitcoin falling 1.4% this week. The US Senate Banking Committee passed the "Clear Act," providing guidance for long-term regulation. The market is balancing between short-term macroeconomic pressure and long-term regulatory benefits.