CLARITY Act Momentum Revives XRP ETF Narrative as Flare XRPFi Sees Growing Institutional Attention
Standard Chartered estimates that XRP ETFs could attract $4-$8 billion in inflows by year-end if the asset receives permanent commodity status. The Senate Banking Committee has moved forward with revised language under the CLARITY Act framework to build a…
Senate Banking Committee unveils revised Clarity Act text before key vote
The Senate Banking Committee has unveiled a new draft of the Clarity Act days before a scheduled markup vote, reopening negotiations over stablecoin oversight, DeFi protections, and ethics rules tied to federal officials’ crypto activities. Summary Senate Banking Committee released…
Binance receives $1.35B ETH deposit from Garrett Jin as crypto market rebounds
Garrett Jin, the founder of collapsed crypto exchange BitForex, deposited approximately 577,896 ETH into Binance over a four-day stretch ending May 11. The total haul: roughly $1.35B worth of Ethereum, capped by a final transfer of 225,627 ETH valued at…
MicroStrategy Bitcoin Holdings Hit $66Bn: What Next for Saylor?
MicroStrategy Bitcoin reserve now holds approximately 818,334 Bitcoin, worth roughly $66.2Bn at current prices, making it the largest corporate holder of Bitcoin on the planet by a distance that no other company is close to closing. Chairman Michael Saylor recently…
Crypto Correlations Hit Record Highs as BTC-SOL Reaches 0.99
Ethereum emerged as the most connected asset, showing strong alignment with Cardano, Solana, and Dogecoin. Analytics platform DefiLlama has reported an elevated degree of price synchronization among leading cryptocurrencies. Over the past week, several major trading pairs showed correlation…
Bitcoin Pulls In $706M as Traders Abandon Short Positions in Massive Sentiment Shift
While Bitcoin dominated headlines, Solana and XRP investment products also recorded sharp increases in activity. Digital asset investment products posted inflows of $857.9 million, and extended six straight weeks of positive flows – the highest weekly figure since April…
Solana and Google Cloud Team Up for Stablecoin-Powered AI Agent Payments
Developers can link a Solana wallet to AI tools like Claude Code or Gemini and have an agent accessing paid APIs within one minute. The Solana Foundation has partnered with Google Cloud to launch Pay.sh, a platform that allows…
Wall Street Giant Morgan Stanley Enters Crypto Race With Pricing Edge: Report
Morgan Stanley is bringing Bitcoin, Ethereum, and Solana trading to E*Trade clients soon. One of the world’s largest wealth management firms, Morgan Stanley, is all set to introduce cryptocurrency trading on its E*Trade platform, which it acquired for $13…
NFT Marketplaces Shut Down: What Happens to Your NFTs in 2026?
In the first five months of 2026, the crypto industry has faced a series of difficult challenges. Recent findings released by Coindesk and BeInCrypto suggest that the Web3 ecosystem is currently witnessing a significant number of platform closures. The most…
BitMine may slow ETH buying pace as it nears 5% supply goal
BitMine Chairman Tom Lee said the company may slow the pace of its Ethereum purchases as it moves closer to its goal of holding 5% of the total ETH supply. Lee made the comments Thursday at Consensus 2026 in Miami,…
Bitcoin Drops Below $80K as Iran Rejects Trump Deal and Traders Dump $91M in Longs
Key Takeaways Bitcoin fell below $80,000 on May 7, erasing weekly gains after hitting a high of $82,833. Volatility triggered $270 million in liquidations and pulled the crypto market cap to $2.74 trillion. Concerns mount that President Trump may pivot…
Kraken buys Hong Kong stablecoin firm Reap for $600 million in Asia push
Kraken’s $600 million acquisition of Reap folds a Hong Kong stablecoin business‑payments specialist into its stack, with Payward issuing stock at a $20 billion valuation to anchor its IPO‑era M&A currency. Summary Kraken parent Payward will buy Hong Kong-based Reap…
Saylor reaffirms accumulation stance after floating possible sales
Michael Saylor, executive chairman of Strategy Inc., posted six words on X on Thursday: buy more Bitcoin than you sell. Buy more bitcoin than you sell. — Michael Saylor (@saylor) May 7, 2026 The post came days after Saylor spent…
South Korea Pushes 22% Crypto Tax on Gains Above $1,850 Starting in January
Key Takeaways Moon Kyung-ho of the Finance Ministry confirmed virtual asset taxation will begin on Jan. 1 next year. Over 13.26 million investors face a 22% tax on virtual asset gains exceeding 2.5 million won. The NTS is drafting final…
Morgan Stanley’s $269M Spot Bitcoin ETF Bet: Why Wall Street is Buying Even if Your Advisor Isn’t
Morgan Stanley holds $269.9 million in Spot Bitcoin ETF positions, with the bulk of that exposure sitting in GBTC – the Grayscale Bitcoin Trust – according to recent 13F filings submitted to the SEC. The bank’s own Spot Bitcoin ETF,…
Pudgy Penguins and OpenSea Host Private Aquarium Tour During Consensus Miami
Pudgy Penguins and OpenSea Host Private Aquarium Tour During Consensus Miami Source link
Elon Musk opens xAI data centers to Anthropic in surprise AI deal
Anthropic has struck an unexpected deal with Elon Musk-owned SpaceX to expand computing capacity for its Claude AI models. Summary Anthropic secured 300MW of compute capacity from SpaceX’s Colossus 1 facility, which houses more than 220,000 Nvidia processors. Elon Musk…
DOJ, CFTC Probe $2.6B Oil Trades Before Trump and Iran Statements: Report
Key Takeaways Federal investigators are examining oil futures trades totaling more than $2.6 billion. Large bets preceded Iran-related updates that appeared to move global oil prices. Authorities are reviewing whether nonpublic information influenced the timing and scale. DOJ and CFTC…