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Crypto

Tech group including Amazon, Apple and Google urges U.S. Senate to pass Clarity Act

The U.S. Consumer Technology Association (CTA), whose members include Amazon, Apple and Google, urged the U.S. Senate to quickly pass the Clarity Act, a digital asset market structure bill. Senator Cynthia Lummis publicly backed the measure, saying developers should not need lawyers to determine whether their code is legal. The bill would divide oversight between the SEC and CFTC, set standards for tokens and include protections for open-source developers and self-custody providers.

Crypto

Bitcoin rebounds after breaking below $60,000; focus on AI funding shift and rate outlook

Bitcoin fell below $60,000 for the first time since last October and rebounded to around $63,000 on bargain buying. The broader crypto market slid, with heavy liquidations. Investors focused on stronger U.S. jobs data that pushed back rate-cut expectations, and on large AI-related fundraisings seen as drawing money from risk assets. Decrypt reported Strategy sold bitcoin for the first time in four years, hurting sentiment, while spot crypto ETFs saw outflows.

Finance

Korea Exchange, Nextrade to close on local election day and Constitution Day

The Korea Exchange and alternative trading platform Nextrade will close their markets on June 3 and July 17 after the government designated local election day and Constitution Day as public holidays. The Korea Exchange said the shutdown covers securities, derivatives and general commodities markets, including night trading. Oil, gold and emissions markets will also close, along with certain OTC derivatives clearing and its trade repository. Trading on the alternative venue will also be halted.