Crypto Industry News & Market Trends

CLARITY Act Hit With 100+ Amendments Ahead of Senate Banking Markup

Senate Banking Committee members have reportedly filed more than 100 amendments to the CLARITY Act, with Senator Elizabeth Warren alone submitting over 40 proposals ahead of Thursdays markup vote.　　The flood of filings follows the committee‘s release of a 309-page draft on Tuesday, expanded from January’s 278-page version.　　Warren Files 40+ Amendments as Senate Preps Crypto Bill Markup　　According to POLITICO, the list features dozens of amendments put forward by Democrats on the Banking Committee, along with a handful of revisions from the bills Republican sponsors.　　News: Sens. Reed (D-R.I.) and Smith (D-Minn.) have filed an amendment ahead of Thursdays markup that will force senators to choose between crypto and the banks　　The amendment would incorporate banks changes to stablecoin yield restrictions. Tough tough vote for bank-friendly Rs pic.twitter.com/ldxJRmfnQT　　— Brendan Pedersen (@BrendanPedersen) May 13, 2026　　Crypto In America host Eleanor Terrett reported that one of Senator Warrens amendments would block the Federal Reserve from granting master accounts to crypto companies.　　Senator Jack Reeds amendment “prohibits crypto from being used as legal tender, for example, to pay taxes.”　　Committee members filed 137 amendments before the planned markup in January. The current tally signals continued resistance as the bill nears a committee vote.　　Meanwhile, the American Bankers Association has sent more

05-13Industry

Meta Employees Protest Mouse-Tracking Tool Built to Train AI Models

Pressure on Metas workforce is compounding. Chief people officer Janelle Gale said in late April that the company will cut 8,000 roles on May 20. The move is part of an efficiency drive tied to AI spending. Another 6,000 open positions will go unfilled.　　Across the Atlantic, Meta employees in the United Kingdom announced a separate organizing effort this week. They are partnering with the United Tech and Allied Workers union.　　Privacy Trade-Off Sits at AI Training Frontier　　Meta says safeguards prevent the capture of certain sensitive content. However, it has not detailed the technical scope of those filters. Affected employees argue that consent terms are coercive, given the impending layoffs.　　The dispute highlights a wider problem for large AI developers. Quality human behavioral data is increasingly scarce, and companies are turning to their own workforces to fill the gap.　　Whether the May 12 protest pressures Meta to alter the program remains unclear. The outcome may signal how much leverage employees retain in an AI-driven cost-cutting cycle.　　The post Meta Employees Protest Mouse-Tracking Tool Built to Train AI Models appeared first on BeInCrypto.

05-13Industry

US sanctions twelve entities for sales of Iranian oil to China

Tech　　US sanctions twelve entities for sales of Iranian oil to China　　The US Treasury Department‘s Office of Foreign Assets Control just added twelve names to its sanctions list, all tied to a network that funneled Iranian oil to Chinese buyers. The targets include three senior officials from the IRGC’s Shahid Purjafari Oil Headquarters and nine companies that served as the logistical plumbing for the operation.　　The action is part of the Trump administration‘s broader “Economic Fury” strategy, a campaign designed to choke off the financial oxygen that fuels Iran’s nuclear ambitions and its support for terrorist organizations. The timing is notable: President Trump is planning a visit to Beijing, where pressing China to crack down on illicit Iranian oil imports is expected to be on the agenda.　　Who got sanctioned and why　　The three individuals named are Ahmad Mohammadi Zadeh, Samad Fathi Salami, and Mohammadreza Ashrafi Ghehi. All three are connected to an entity called Golden Globe, which has previously been targeted by US sanctions. Together, they reportedly handled hundreds of millions of dollars annually through that operation.　　The nine companies on the list include Hong Kong Blue Ocean Limited, Ocean Allianz Shipping LLC, and Zeus Logistics Group. These firms were implicated in managing oil

05-13Industry

Institutional Investors Pour $1 Billion Into Privacy-First Blockchain Projects

Blockchain　　Institutional Investors Pour $1 Billion Into Privacy-First Blockchain ProjectsThree institutional blockchain platforms collectively secured over $1 billion in funding with aggregate valuations surpassing $10 billionCircle completed a $222 million funding round for Arc, valuing it at $3 billion; Digital Asset is pursuing $300 million for Canton at a $2 billion valuationStripe and Paradigm-backed Tempo secured $500 million in a previous funding round at a $5 billion valuationBitwise‘s Chief Investment Officer Matt Hougan believes privacy features may become crypto’s breakthrough application for traditional financeThe investment surge comes after 2025s Genius Act provided institutions with enhanced regulatory clarity　　A trio of enterprise-grade blockchain platforms has attracted more than $1 billion in aggregate funding, signaling a strategic pivot in how the cryptocurrency sector develops its foundational infrastructure.　　For years, crypto sold transparency as the revolution.　　Now institutions are paying over $1B for the opposite: PRIVACY.　　Arc, Canton and Tempo just locked in massive funding to build compliant, institution-focused chains where trades, positions and counterparties arent publicly… pic.twitter.com/QjqimZWixq　　— MarketUnfiltered (@subhashishc0x) May 12, 2026　　The platforms—Arc, Canton, and Tempo—are specifically engineered for stablecoin operations and asset tokenization. Their collective market capitalization now exceeds $10 billion, fueled by institutional appetite for blockchain solutions that balance technological innovation with privacy safeguards, regulatory

05-13Industry

Meta Employees Protest Mouse-Tracking Tool Built to Train AI Models

Pressure on Metas workforce is compounding. Chief people officer Janelle Gale said in late April that the company will cut 8,000 roles on May 20. The move is part of an efficiency drive tied to AI spending. Another 6,000 open positions will go unfilled.　　Across the Atlantic, Meta employees in the United Kingdom announced a separate organizing effort this week. They are partnering with the United Tech and Allied Workers union.　　Privacy Trade-Off Sits at AI Training Frontier　　Meta says safeguards prevent the capture of certain sensitive content. However, it has not detailed the technical scope of those filters. Affected employees argue that consent terms are coercive, given the impending layoffs.　　The dispute highlights a wider problem for large AI developers. Quality human behavioral data is increasingly scarce, and companies are turning to their own workforces to fill the gap.　　Whether the May 12 protest pressures Meta to alter the program remains unclear. The outcome may signal how much leverage employees retain in an AI-driven cost-cutting cycle.　　The post Meta Employees Protest Mouse-Tracking Tool Built to Train AI Models appeared first on BeInCrypto.

05-13Industry

US sanctions twelve entities for sales of Iranian oil to China

Tech　　US sanctions twelve entities for sales of Iranian oil to China　　The US Treasury Department‘s Office of Foreign Assets Control just added twelve names to its sanctions list, all tied to a network that funneled Iranian oil to Chinese buyers. The targets include three senior officials from the IRGC’s Shahid Purjafari Oil Headquarters and nine companies that served as the logistical plumbing for the operation.　　The action is part of the Trump administration‘s broader “Economic Fury” strategy, a campaign designed to choke off the financial oxygen that fuels Iran’s nuclear ambitions and its support for terrorist organizations. The timing is notable: President Trump is planning a visit to Beijing, where pressing China to crack down on illicit Iranian oil imports is expected to be on the agenda.　　Who got sanctioned and why　　The three individuals named are Ahmad Mohammadi Zadeh, Samad Fathi Salami, and Mohammadreza Ashrafi Ghehi. All three are connected to an entity called Golden Globe, which has previously been targeted by US sanctions. Together, they reportedly handled hundreds of millions of dollars annually through that operation.　　The nine companies on the list include Hong Kong Blue Ocean Limited, Ocean Allianz Shipping LLC, and Zeus Logistics Group. These firms were implicated in managing oil

05-13Industry

XRP News: Senator Warren Blocks Fed Master Accounts for Ripple, Crypto Firms in CLARITY Act

Crypto　　XRP News: Senator Warren Blocks Fed Master Accounts for Ripple, Crypto Firms in CLARITY Act　　In significant XRP news today, Senator Elizabeth Warren submits more than 40 amendments to the CLARITY Act, with one to block the Fed from issuing master accounts to crypto companies, including Ripple.　　This move comes just ahead of Thursday‘s markup vote in the Senate Banking Committee. Anti-crypto Warren leads banking industry’s push against stablecoin yield compromise.　　XRP News: Senator Warren Proposes Fed Master Accounts Ban for Ripple and Crypto Companies　　The US Senate Banking Committee has reportedly received more than 100 amendments to the CLARITY Act draft text, Politico reported on May 13. These amendments target crypto stablecoin yield compromise, Bitcoin uses in traditional finance, and crypto companies.　　Senator Elizabeth Warren submitted more than 40 amendments to oppose the CLARITY Act text. One proposal aims to prevent the US Federal Reserve from granting master accounts to crypto firms. XRP-linked Ripple, Anchorage Digital, Circle, and Custodia Bank have applied for Fed master accounts. As Coingape reported earlier, Kraken received a Fed master account.　　“This bill puts investors, our national security and our entire financial system at risk – and it will turbocharge Donald Trump‘s crypto corruption. No Member of the Committee should

05-13Industry

eToro profit jumps 37% despite a sharp drop in crypto trading volumes

eToro has reported a rise in first-quarter profit after commodities trading activity surged, even as crypto volumes on the platform declined sharply.eToro reported a 37% rise in Q1 net income as commodities trading volumes jumped nearly four times from a year earlier.Crypto trading volumes on eToro fell 32% in April, even as the company expanded its New York crypto operations and completed its Zengo acquisition.　　According to eToros quarterly earnings release published Tuesday, net income climbed 37% year over year to $82 million, while diluted earnings per share rose to $0.91 from $0.77 in Q1 2025. Adjusted EBITDA increased to $109 million from $80 million a year earlier, and net contribution reached $258 million, up 19%.　　Commodity trading played a major role in the quarters performance. eToro said commodities generated nearly 60% of total trading commissions, with trading volumes rising almost fourfold from the same period last year. At the same time, the company expanded its traditional market offerings by adding Japanese stocks, increasing its exchange coverage to 26 markets.　　Funded accounts reached 4.02 million during the quarter, up 12% year over year, while assets under administration rose to $17 billion. As of March 31, eToro held $1.3 billion in cash, cash equivalents,

05-13Industry

Ethereum (ETH) Introduces Clear Signing to Combat Crypto Transaction Hacks

Crypto Ethereum　　Ethereum (ETH) Introduces Clear Signing to Combat Crypto Transaction HacksOn May 12, 2026, the Ethereum Foundation unveiled “Clear Signing,” a revolutionary security framework designed to transform unreadable transaction data into comprehensible language for users.The standard eliminates cryptic code displays, instead showing users straightforward descriptions of asset movements, recipient information, and permission grants.Developed using ERC-7730 as its foundation, the system features a transparent public registry allowing independent security experts to validate transaction descriptions.Major platforms like Ledger, Trezor, and MetaMask have committed to early adoption, with Trezor targeting implementation by June 30.This initiative responds to cryptocurrency losses totaling billions from blind signing vulnerabilities, such as the devastating $1.4 billion Bybit breach.　　Cryptocurrency users frequently encounter screens filled with indecipherable code when confirming transactions. The typical response？ Clicking approve without comprehension. This disconnect between what users see and what they understand has drained billions from the digital asset ecosystem.　　0/ Clear signing is now live.　　An open standard to end blind signing, making human-readable transactions default.　　This effort brings a major UX and Security upgrade to transaction signing on Ethereum. pic.twitter.com/nIGRCBQh6G　　— Ethereum Foundation (@ethereumfndn) May 12, 2026　　The Ethereum Foundation is implementing a solution to this critical vulnerability.　　The foundation, collaborating with prominent wallet development teams, revealed “Clear

05-13Ethereum

Charles Schwab Launches Bitcoin and Ethereum Trading for Selected U.S. Clients

Bitcoin Ethereum　　Charles Schwab Launches Bitcoin and Ethereum Trading for Selected U.S. Clients　　The post Charles Schwab Launches Bitcoin and Ethereum Trading for Selected U.S. Clients appeared first on Coinpedia Fintech News　　Brokerage giant Charles Schwab which manages nearly $11.8 trillion has officially launched spot crypto trading for Bitcoin and Ethereum, giving selected U.S. clients direct access to the two largest cryptocurrencies through its Schwab Crypto platform.　　The move marks one of Schwabs biggest crypto expansions so far, mid growing adoption of digital assets across traditional finance.　　Charles Schwab Launch Crypto Accounts to Retail Clients　　Starting this week, selected retail clients can trade Bitcoin and Ethereum directly through Schwab.com and thinkorswim accounts instead of relying only on ETFs or crypto-related stocks.　　Until now, Schwab mainly offered indirect crypto exposure through ETFs, futures products, and crypto-linked investment vehicles. The new Schwab Crypto platform operates separately from standard brokerage accounts.　　Schwab Crypto accounts are now being rolled out to retail clients.　　Starting today, the first group of clients can trade Bitcoin and Ethereum at Schwab, right alongside their other investments.　　Sign up for updates and a chance to get early access: https://t.co/ELe1HWHS8Y pic.twitter.com/HJKbPUD7Ob　　— Charles Schwab Corp (@CharlesSchwab) May 12, 2026　　According to the company announcement, blockchain infrastructure firm Paxos handles trade execution and

05-13Ethereum