The U.S. Senate Banking Committee has approved the crypto market structure bill known as the Clarity Act, drawing a positive response from the digital asset industry, though analysts say final enactment remains uncertain. TD Cowen raised its estimated odds of passage to 40 percent, citing signs of Democratic backing. The bill passed 15-9 with two Democrats in support. Analysts say it must be merged with a parallel package and clear a 60-vote threshold.

MegaETH has met its first key performance indicator, which required operating 10 ecosystem applications. The milestone triggered a countdown toward a MEGA token generation event targeted for next Thursday. The project previously tied its token release schedule to performance-based KPIs rather than a fixed timeline. Conditions include expanding its native stablecoin USDM circulation to $500 million and meeting app revenue targets, alongside usage and fee benchmarks for apps built on MegaETH.