Anthropic · Cerebras · OpenAI · Nvidia · Claude · SpaceX · Decrypt
Morning Minute: The Clarity Act Just Passed Its First Major Vote
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Morning Minute is a daily newsletter written by Tyler Warner.
Key facts
- The decision follows the $292 million Kelp DAO exploit, in which a LayerZero 1-of-1 DVN configuration was compromised by Lazarus Group
- Cerebras surged as much as 100% above its $185 IPO price on its Nasdaq debut Thursday, giving the AI chipmaker a market cap north of $100 billion by mid-session
- The debut lifted the entire AI infrastructure sector: Keel Infrastructure (formerly Bitfarms) +9%, IREN +5%, Hive Digital +8%
- Notably, price discovery largely happened on Hyperliquid via TradeXYZ, where it traded pre-IPO in the $300 range even with the IPO price of $180
Summary
Crypto majors are green but falling as treasury yields spike; BTC at $80.5k. Trump Xi summit ends with some trade progress, Taiwan warning. Clarity Act passes Senate Banking Committee vote, moves to Senate floor. The Clarity Act cleared the Senate Banking Committee on Thursday in a 15-9 bipartisan vote, marking a major step forward for the bill.