Crypto Industry News & Market Trends

Labor Unions Join Banking Industry In Opposition To Senate Crypto Bill, The Clarity Act

Five of the nations largest labor organizations are urging the Senate to vote against a pending cryptocurrency market structure bill, warning that the legislation would expose retirement accounts to digital asset volatility ahead of a key committee vote Thursday.　　The AFL-CIO, Service Employees International Union, American Federation of Teachers, National Education Association, and American Federation of State, County and Municipal Employees sent letters and emails to Senate Banking Committee members, according to CNBC, which obtained the correspondence first.　　The crypto industry takes ‘risks’　　The groups wrote that the bill “jeopardizes the stability of workers retirement plans, including public pensions, and introduces significant volatility to retirement savings accounts.”　　“This legislation invites the cryptocurrency industry to take outsized risks, knowing that if those risky bets do not pay off, it is working people and retirees, not crypto billionaires, who will pay the price,” the unions wrote in a joint letter to all senators.　　The AFL-CIO, in a separate email to Banking Committee members, warned that “absent sufficient regulation, embedding cryptocurrencies and other digital assets into the real economy will have a destabilizing effect, while benefiting issuers and platforms at the expense of working people.”　　The Senate Banking Committee is scheduled to mark up and vote on the bill

05-13Industry

DTCC taps Chainlink for its tokenized collateral platform ahead of Q4 launch

The Depository Trust & Clearing Corporation (DTCC) will use Chainlink infrastructure for its blockchain-based collateral management platform, extending earlier work between the firms into one of Wall Streets core risk-management functions.　　The firm said its Collateral AppChain will use Chainlinks Runtime Environment (CRE) and data standard to support pricing, valuation, margining, collateral optimization and settlement. The AppChain is a Besu-based blockchain platform facilitating tokenization of assets and real-time, 24/7 collateral management.　　DTCC‘s platform is aimed at reducing the delays and fragmentation in today’s collateral systems, where assets are often trapped across institutions and time zones. By tokenizing collateral and automating workflows through smart contracts, the system is designed to enable near real-time collateral movement across both traditional financial markets and blockchain networks.　　“By leveraging tokenization and distributed ledger technology (DLT) to modernize collateral mobility, our goal is to enable 24/7, near real-time collateral management across global markets and blockchains,” said Nadine Chakar, DTCC managing director and global head of digital assets.　　Chainlink will provide the data and orchestration layer. Its technology will help connect asset prices, valuations and collateral movement, while supporting checks on eligibility, margining and settlement instructions. Chainlink is a decentralized oracle network that feeds blockchains with real-world data such as prices,

05-13Industry

Fed: AI-driven growth complicates rate path – NBC

National Bank of Canadas (NBC) Senior Economist Jocelyn Paquet, argues that surging AI-related investment is keeping U.S. GDP growth above potential, with forecasts of 2.4% in 2026 and 2.0% in 2027. However, Paquet warns this strength, combined with a dovish Federal Reserve (Fed) stance, risks delaying a return of inflation to the 2% target and is reshaping expectations for USD rates.　　AI boom sustains growth and inflation　　“Is this a problem？ In the short term, the answer to this question is probably no. With hyperscalers projecting up to $800 billion in AI-related spending by 2026, growth in the sectors mentioned above is more likely to accelerate in the future rather than slow down, and economic data tends to confirm this hypothesis.”　　“These developments lead us to believe that the worst may be over for households and that consumption growth could accelerate as the year progresses. If our forecasts hold true, household resilience and continued growth in AI-related spending should allow GDP growth to remain above its potential in the coming quarters.”　　“The only problem with this scenario is that it may prove incompatible with a return of inflation toward the 2% target. Already in the first quarter, while consumer demand remained fairly weak, the

05-13Industry

Zoomex Warns Traditional Liquidity Metrics Are Failing in the Age of AI Trading

AI Trading Demands Infrastructure-Level Precision　　The increasing role of AI in trading is accelerating this transition. Automated strategies rely on precise execution, low latency, and consistent data feeds, making infrastructure performance critical.　　Even minor delays or inconsistencies can affect profitability, particularly for high-frequency or timing-sensitive strategies.　　Zoomex stated that its trading infrastructure is designed to meet these demands, with a matching engine capable of maintaining latency below 10 milliseconds and execution stability during periods of elevated market activity.　　For example, during high-volatility conditions, execution reliability becomes a key differentiator, as traders and automated systems depend on consistent fills rather than theoretical liquidity.　　Execution Performance as a Competitive Benchmark　　As AI participation increases, execution quality is emerging as a defining factor in exchange competition. Traders are placing greater emphasis on how reliably orders are filled, how closely execution matches expected pricing and how stable liquidity remains under stress.　　Zoomex indicated that its infrastructure is focused on reducing the gap between visible and executable liquidity, supporting both manual and algorithmic trading environments.　　“Execution quality is no longer a premium feature it is becoming the baseline expectation,” the representative added. “Platforms that cannot deliver consistent execution will struggle in an AI-driven market.”　　From Market Observation to Infrastructure Positioning　　This shift toward execution-based liquidity

05-13Industry

CleanSpark stock slides 9% as quarterly earnings miss estimates on bitcoin holdings loss

CleanSpark (CLSK) stock fell over 9.4% in pre-market trading on Tuesday after the U.S. bitcoin mining company reported a widening net loss of $378.3 million for its second fiscal quarter, hit by a significant non-cash adjustment to its digital asset holdings.　　The company reported a net loss of $378.3 million for the quarter ending on March 31, a steep increase from the $138.8 million loss reported the same period last year. The loss of $1.52 per share was more than triple the analyst estimate on EPS of a 41 cents loss.　　The firms bottom-hit was mainly driven by a $224.1 million non-cash bitcoin fair value loss, reflecting market volatility.　　Quarterly revenue reached $136.4 million, down 25% from $181.7 million year-over-year, the report revealed, missing estimates of $154.3 million.　　Despite the dip, CleanSpark expanded its infrastructure, doubling its megawatts (MW) under contract. CEO Matt Schutz said the company is pivoting to commercializing “AI/HPC-applicable assets,” joining a sector-wide shift toward leasing their computing power as AI data centers.　　CFO Gary Vecchiarelly cited the firms balance sheet as a competitive advantage, reporting a bitcoin holdings increase of 14% to $925.2 million in respects to last year. Total cash is $260.3 million, while total assets now sit at $2.9

05-13Industry

Base58Labs brings BASIS.pro to market with institutional-grade execution infrastructure

Following the successful completion of its private testing phase, BASIS is now officially live, with the platform publicly accessible at basis.pro as the company moves to address what industry participants increasingly describe as a structural gap in digital asset infrastructure.　　The platform, developed with engineering support from Base58 Labs, has been tested under live market conditions with a select group of institutional participants. While reported metrics included sub-50 microsecond p99 execution latency, throughput exceeding 100,000 operations per second, and 100% uptime, the evaluation extended beyond peak performance benchmarks.　　Testing was designed to observe how the system behaved when execution conditions became unstable. Scenarios included exchange-side latency spikes, API rate limits, liquidity fragmentation across venues, and partial execution failures.　　These conditions, while not constant, are representative of real trading environments where system behavior under stress determines outcome consistency.　　According to BASIS CEO Helge Stadelmann, these scenarios reflect a broader limitation in current market infrastructure.　　“Strategies exist. The constraint has been the infrastructure required to execute them with precision and defined risk,” Stadelmann said.　　The platform operates as an arbitrage staking system powered by the Base58 Hyper-Latency Engine (BHLE), a proprietary high-frequency execution engine developed by Base58 Labs.　　BASIS identifies and captures pricing discrepancies across exchanges and distributes net

05-13Industry

TRV could be setting up for a pullback

Travelers (TRV) enters the next quarter with solid momentum after beating Q1 earnings. Analysts expect EPS near 4.84 and revenue around $10.97B, showing stable demand despite mild growth pressure. Moreover, recent product expansions and AI‑driven claims tools suggest stronger operational efficiency. These improvements could support underwriting margins in the short term.　　However, expectations remain cautious because EPS will likely drop from last year‘s unusually strong quarter. Still, analysts project steady full‑year earnings near $28.14 per share, which signals confidence in TRV’s core business. As the July 17 earnings date approaches, investors will watch loss trends, pricing strength, and catastrophe exposure. These factors will shape the stocks direction in the coming months.　　Elliott Wave outlook: TRV weekly chart January 2026　　In the last TRV update, the market completed the diagonal and reacted lower as expected. However, that decline turned out to be only a correction because the market quickly broke to new highs. This shift meant the move from the wave IV low formed a leading diagonal, which we labeled as wave ((1)). The October decline corresponded to wave ((2)), and price was trading in wave ((3)) of V.　　Therefore, we expected more upside to complete wave ((3)) and eventually finish the impulse of wave

05-13Industry

Cardano Price Prediction: Grayscale ADA ETF Expected by October as RWA Proposal Hits the Treasury

A Cardano treasury proposal requesting 1.33M ADA aims to build open-source RWA infrastructure for real estate and agriculture tokenizationGrayscales ADA ETF is estimated to arrive by October 23, 2026, with S1 amendments setting deadlines across August through OctoberADA dominance surged 10% over the past week as price broke out of a descending triangle with MACD crossing bullish on the daily　　Cardano trades at $0.2771 on May 12, pulling back after breaking a multi-month descending triangle, as a Grayscale ETF deadline lands in October and a 1.33M ADA treasury proposal pushes real-world asset infrastructure onto the network.　　ADA Daily Chart: Triangle Breakout With Four FVG Zones Above　　The daily structure resolved to the upside. ADA compressed inside a descending triangle from February through late April, lower highs pressing toward rising support near $0.24, before breaking out in early May and tagging $0.2818 intraday.　　The MACD crossed bullish on the daily with the signal line at 0.0032 and histogram printing green for the first time since January. Above price, four Fair Value Gap zones stack from $0.30 through $0.38, each a magnet on the way up and a resistance layer to clear.　　Key levels:Resistance: $0.2900 FVG base, $0.3200, $0.3400 to $0.3600 FVG cluster, $0.3800Support: $0.2600 FVG near

05-13Industry

AeroVironment (AVAV) Secures $43M Pentagon Contract for PANTHER Antenna System

PANTHER is an acronym for Phased Array Next-gen Telemetry Hypersonic Emitter Receiver. This portable, airborne antenna platform can simultaneously monitor numerous targets.　　Developed to facilitate U.S. hypersonic weapon and missile testing programs, the technology promises to accelerate evaluation timelines and enable quicker operational deployment compared to legacy systems.　　Conventional testing infrastructure depends on stationary parabolic dish configurations. PANTHER represents a departure from this approach, delivering an adaptable, fully-digital architecture featuring remote connectivity and autonomous operational capabilities.　　Understanding the SkyRange Program　　SkyRange represents a DoW TRMC initiative utilizing high-altitude, long-endurance unmanned aerial vehicles equipped with telemetry, communication, and data-gathering equipment.　　The program aims to establish more adaptable, airborne testing capabilities. Incorporating PANTHER into SkyRange provides multi-band, multi-target monitoring functionality across diverse mission profiles and evaluation environments.　　The technology features scalable and reconfigurable design, accommodating various operational scenarios without requiring substantial hardware modifications between deployments.　　AeroVironment is advancing PANTHER integration efforts at its GrandSKY facility in Grand Forks, North Dakota.　　Training the Next Generation at GrandSKY　　Beyond technological development, AeroVironment is focusing on human capital development.　　The company has partnered with North Dakota state authorities and Bismarck State College to establish a certification curriculum for PANTHER technicians.　　This initiative aims to develop a regional talent pool capable of operating and maintaining the system

05-13Industry

Claude Code Adds Agent View for Simplified Session Management

Claude Code has introduced a new feature called Agent View, designed to streamline the management of multiple concurrent sessions for developers. Available as a Research Preview starting May 11, 2026, this tool aims to address the inefficiency of managing numerous terminal tabs or tmux grids when running agents in parallel.　　With Agent View, users can oversee all their Claude Code sessions in one place. The interface allows developers to launch new agents, send them to the background, and easily identify which sessions require attention, which are actively running, and which have completed. This centralized approach reduces cognitive load and improves workflow efficiency.　　How Agent View Works　　The new feature enhances session visualization and interaction directly from the command line interface (CLI). Developers can access Agent View by pressing the left arrow key from any session or running claude agents in the terminal. Each session is displayed in a row, showing its status, the last response, and the time of the last interaction.　　The tool also includes a “peek and reply” functionality. Users can quickly check a sessions last turn and respond inline if needed, without leaving the interface. For more in-depth engagement, they can press enter to view the full session transcript.　　Additionally, sessions can

05-13Industry

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