Market update: Bitcoin decouples from macro assets amid regulatory uncertainty

Bitcoin's Coinbase premium hit a four-week low, signaling weakening U.S. demand following the failure of the CLARITY Act. Bitcoin has decoupled from the U.S. Dollar Index and S&P 500 as traders focus on regulatory developments. Meanwhile, Circle launched its Arc mainnet with institutional validators like BlackRock and Visa, and Payward (Kraken) announced plans to offer Hyperliquid HIP-3 perpetual futures to U.S. users.