ROLLUP: Is the Bull Back? | The Clarity Act | Wall Street on Ethereum | Anthropic Nukes Perps

Global equity markets continue to reach record highs, fueled by AI-driven demand and strong corporate earnings, even as inflation accelerates to 3.8% and wage growth stagnates. While geopolitical tensions persist, the market remains resilient, with NVIDIA and memory-related assets capturing significant capital. Legislative progress for the crypto industry is advancing, as the CLARITY Act cleared a critical Senate Banking Committee vote, signaling potential for long-awaited market structure regulation. Institutional integration is deepening, with major firms like BlackRock, JPMorgan, and Fidelity launching tokenized money market funds on Ethereum. This shift toward a hybrid financial future reflects a departure from purely "bankless" ideals, as crypto-native protocols and traditional financial giants increasingly converge to provide stable, on-chain yield. These developments underscore a pivotal transition where institutional infrastructure and regulatory clarity begin to define the next phase of digital asset adoption.