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Jinse Finance reported that market data shows ETH has surpassed $2,000, currently quoted at $2,000.55. The 24-hour decline has reached 1.38%, with significant market fluctuations. Please ensure proper risk control.

Jinse Finance reported that on March 30, the latest version of the crypto bill, the "CLARITY Act," has attracted significant attention mainly due to its regulatory provisions targeting stablecoins. According to a report released by 10x Research, the bill could have the most severe impact on DeFi and its related tokens when implemented in practice.The core content of the bill proposes to prohibit the provision of financial yields on stablecoin balances and any similar forms of rewards or returns. This effectively puts an end to the use of stablecoins as on-chain savings products, redefining them purely as payment circulation tools.Markus Thielen, founder of 10x Research, pointed out: "This means yield-earning rights will clearly move back toward centralization." The reasoning is that the bill would return yield-generating businesses to banks, money market funds, and various compliant, licensed institutions—substantially narrowing the competitive space for native crypto platforms offering yields.Although early views suggested that DeFi might benefit from such a shift, this change in industry landscape would also impact DeFi. Thielen explained that the market logic previously assumed that if centralized platforms stopped offering financial yields, user funds would flow into the on-chain DeFi ecosystem. However, this hypothesis is based on the premise that DeFi would not be subject to the same regulatory constraints. In reality, the regulatory framework of the "CLARITY Act" will likely extend to cover front-end interfaces and various token models; especially when projects generate service fee revenues or governance rights approach the attributes of traditional equity, regulators will fully intervene with oversight.

ChainCatcher news: According to data from Ultrasound.money, Ethereum's net supply increased by 81,790.88 ETH in the past 30 days. The total supply of Ethereum has reached 121,570,566 ETH, with a current annual supply growth rate of 0.82%.