Daily Market Wrap | May. 12

Hot Topics

Clarity Act text released ahead of Senate Banking markup on May 14.

Crypto ETPs log $858M weekly inflows; BTC products draw $706M.

Market Updates

Circle raises $222M in Arc token presale at $3B FDV; CRCL surges 16%.

Strategy adds 535 BTC for $43M; total holdings near 819K.