Crypto Industry News & Market Trends

Top Five Crypto News That You Shouldn’t Miss

CLARITY Act heads toward crucial Senate vote as U.S. crypto regulation discussions gain fresh momentum.Strategy signals possible Bitcoin sales despite holding nearly 3.9% of the total BTC supply globally.Revolut users panicked after an app glitch briefly showed Bitcoin crashing from $80K to $0.02.　　The crypto market stayed relatively calm today, with most major cryptocurrencies trading sideways after recent volatility. The total crypto market cap climbed to nearly $2.69 trillion, while Bitcoin, Ethereum, XRP, and Solana all posted small gains between 1% and 2%.　　Here are the five biggest crypto stories that shaped the market today.　　CLARITY Act Moves Toward Major Senate Vote　　One of the biggest stories today came from the Digital Asset Market CLARITY Act, which officially moved closer to a crucial Senate Banking Committee vote scheduled for May 14.　　The crypto industry has been waiting months for movement around crypto market structure legislation, making this one of the most closely watched developments in recent weeks. Senator Cynthia Lummis quickly reacted after the announcement, publicly urging lawmakers to pass the bill through committee.　　Although the committee vote does not make the bill law immediately, it represents the biggest Senate checkpoint the CLARITY Act has reached so far. If approved, the legislation would still require a

05-10Industry

Tom Lee forecasts Ethereum at $12,000 while Bitmine sits on billions in paper losse

Tom Lee has projected that Ethereum could climb to $12,000 by the end of 2026, delivering one of the most bullish forecasts unveiled during the Consensus 2026 conference in Miami.　　Speaking during a keynote session, the Bitmine Immersion Technologies chairman outlined an optimistic outlook for the broader digital asset market, while mentioning the firm‘s ambitious strategy to accumulate 5% of Ethereum’s total circulating supply.　　The company currently holds more than 5.18 million ETH, despite the position reportedly being associated with billions of dollars in unrealized losses.　　The Ethereum prediction　　Lee set year-end targets for both major cryptocurrencies at the conference. He projected Bitcoin (BTC) could trade between $150,000 and $200,000, while Ethereum could reach new all-time highs in the $9,000 to $12,000 range.　　Lee based the outlook on his view that the prolonged downturn in crypto markets has ended. “Crypto Spring, in our view, has commenced, and like past cycles, investor sentiment and conviction are muted and bearish even as crypto prices strengthen,” he said at the Miami event.　　He pointed to the capitulation among retail traders earlier this year as a contrarian signal. In March 2026, Lee argued that widespread “rage quitting” by retail traders was a classic indicator of a market bottom. “You know

05-10Ethereum

Analyst Predicts Biggest Bitcoin Bull Trap Of The Cycle, Calls Out 50% Crash To $42,000

Bitcoins price recovery is not a new beginning: it is a familiar ending. That is the warning from a crypto analyst, who is of the notion that the current Bitcoin price action is playing out a bull trap the market has seen before and that the setup is pointing to a destination that sees the cryptocurrency crashing by almost 50% from current price levels.　　Bitcoin Mirrors Key Stepping Stones From 2022 Bear Cycle　　Chiefy‘s analysis centers on a structural comparison between Bitcoin’s current price sequence and the step-by-step decline that defined the 2022 bear market. The framework identifies a pattern of bear cycle stepping stones, which is a series of lower highs and lower lows dressed up as recoveries on the weekly candlestick timeframe chart.　　This analysis is in reference to Bitcoins price action since it broke above $82,000 earlier in the week. Bitcoin is pressing into the 1-day 200 moving average, a zone that has already acted as resistance during a previous failed recovery attempt in January 2026.　　The analyst also pointed to the 1-week 200 moving average at the lower support region and the 1-month 350 moving average below it, suggesting that a breakdown could force BTC through multiple long-term trend levels

05-10Industry

US strikes Iranian tankers, oil spill disrupts Strait of Hormuz shipping

## Market Snapshot　　The market for “Will 20 ships transit the Strait of Hormuz on any day by May 31？” is currently priced at 64.5% YES, a decrease from 69% 24 hours ago. The “Strait of Hormuz traffic returns to normal by May 15？” market is at 1.2% YES, down from 4% a day ago.　　## Key Takeaways　　– The reported strike on Iranian tankers appears to have reduced confidence in the likelihood of normalizing Strait of Hormuz traffic by May 15. – Market activity suggests that participants view the recent developments as decreasing the probability of 20 ships transiting the Strait by the end of May. – The oil spill and heightened military tensions are consistent with a scenario where shipping disruptions continue.　　## Article Body　　The U.S. has reportedly struck several tankers near Jask, Iran, resulting in significant oil spills. This incident follows a collapse of the ceasefire in the ongoing Strait of Hormuz crisis, which began with U.S. and Israeli actions against Iran. Iran had retaliated with missile and drone attacks, intensifying regional tensions. The blockade of Iranian ports by the U.S. has already trapped numerous tankers, and the current situation exacerbates the environmental and economic risks. The international community closely monitors

05-10Industry

Bank of Canada to bring stablecoin rules in 2027 with US Clarity Act on the brink of stalling

Bank of Canada stablecoin regulations could arrive in mid or late 2027, pushing the detailed rulebook later into the same year that Canadas government has already marked for its framework to take effect.　　That timing lands just as Visa Canada and Wealthsimple are piloting USDC settlement for certain card-network obligations in Canada. The result is a live institutional use case in one part of the payment stack while the framework for non-bank stablecoin issuers remains unfinished.　　A Reuters report said an early-2027 launch plan was ambitious and that regulations could instead be introduced by mid or late 2027. Canadas own stablecoin framework already set a broader 2027 window, saying regulatory development was expected to continue for 12 to 18 months from early 2026 and that the framework would come into force in 2027.　　The gap creates a planning problem for issuers and fintech partners. Firms considering Canadian exposure still need to prepare for registration, reserves, redemption mechanics, governance controls, risk management, and product economics around yield restrictions.　　At the same time, payment networks and large fintech platforms can test stablecoin settlement for defined obligations before every issuer rule is final.　　Visa is quietly building stablecoins into mainstream payment plumbing without you knowing　　Visas stablecoin settlement pilot

05-10Industry

Republican odds to win presidency, Congress surge to highest this year

## Market Snapshot　　The market for the “2026 Balance of Power: D Senate, D House” currently prices at 41.5% YES, down from 48% a day ago. The “Republican Senate Seats After 2026 Midterms” shows 25.5% YES, slightly decreased from 26% 24 hours earlier.　　## Key Takeaways　　– Market data suggests a significant increase in Republican chances across major races. – Pricing indicates reduced likelihood for a Democratic-controlled Senate and House. – The focus remains on the 2026 midterms, with implications for Republican Senate retention.　　## Article Body　　Recent developments show a rise in Republican odds to maintain control of the Presidency, House, and Senate in the 2026 elections, reaching their highest levels this year. Currently, Republicans hold a 53-47 Senate majority. With 35 Senate seats up for grabs in the November 2026 elections, including specials in Florida and Ohio, Democrats need to gain four seats to secure control. The House remains narrowly Republican-controlled, making it susceptible to historical midterm trends that often favor the opposition party. These changes occur amidst US-China tensions and global conflicts in Ukraine and the Middle East.　　## Market Interpretation　　The market reaction appears consistent with a scenario where Republicans are increasingly favored to retain control, particularly in the Senate. The downward trend

05-10Industry

Kraken Parent Payward Targets OCC Charter to Unlock Institutional Digital Asset Custody

Krakens Parent Files OCC Trust Charter Application to Serve U.S. Institutional Clients　　If approved by the OCC, the new entity would operate as Payward National Trust Company, providing fiduciary custody and related services primarily for digital assets. The company expects to serve both institutional clients and individual customers who require bank-level custody under federal oversight.　　Payward Co-CEO Arjun Sethi said the move reflects a long-standing position that regulated infrastructure is the correct path for digital assets to scale. “A national trust company provides the certainty institutions require and establishes the infrastructure to build the next generation of custody,” Sethi said.　　The OCC application builds directly on the regulatory groundwork Payward laid through Kraken Financial, its Wyoming Special Purpose Depository Institution. Kraken Financial is widely noted as the first digital asset bank to hold a Federal Reserve master account, a distinction that gives Payward a rare foothold across both state and federal banking frameworks.　　A Wyoming SPDI and a federally chartered national trust company are designed to serve different client needs and regulatory contexts. Together, Payward positions them as complementary pieces of the same regulated banking strategy.　　“Our Wyoming SPDI and Federal Reserve master account represent a genuinely unique foundation, and the addition of a national

05-10Industry

ONDO Climbs 17.9% as Treasury Pilot Boosts RWA Narrative

ONDO climbed 17.9% after a tokenized Treasury pilot involving Ripple, Mastercard, and JPMorgan.Whale cohorts added about 77.7M ONDO in a month, showing broader accumulation across holders.ONDO must hold $0.42 to keep its breakout intact, with $0.47 and $0.55 as the next key levels.　　ONDO climbed 17.9% today after traders reacted to a tokenized Treasury settlement pilot involving Ondo Finance, Ripple, Mastercard, and JPMorgans Kinexys platform. CoinGecko data showed the token rising to about $0.435, extending a sharp early-May recovery.　　The move followed a successful test involving OUSG, Ondos tokenized U.S. Treasury product. The pilot completed a cross-border, cross-bank redemption, with the XRP Ledger processing the asset leg in under five seconds.　　Treasury Pilot Puts RWA Demand Back in Focus　　The rally came after two developments placed Ondo deeper into the real-world asset conversation. On May 4, the Depository Trust & Clearing Corporation named Ondo Finance to its tokenization working group, which included more than 50 financial firms.　　Two days later, Kinexys by JPMorgan, Mastercard, Ripple, and Ondo completed the Treasury redemption pilot. The transaction tested how public blockchain networks can link tokenized assets with traditional banking settlement systems.　　The key point for traders was utility. The test showed tokenized Treasuries moving across borders and banks in

05-10Industry

US-Israel strikes target Irans nuclear weaponization capabilities

## Market Snapshot　　Iran Military Action Against Neighbors is currently priced at 0% YES. The US-Iran Nuclear Deal by May 31 market shows a 17.5% YES probability, down from 20% yesterday. Iran Airspace Closure by May 31 is priced at 28.5% YES, down from 34% 24 hours ago.　　## Key Takeaways　　– The focus on weaponization in US-Israel strikes on Iran suggests increased military escalation. – Market pricing suggests a decreased likelihood of a US-Iran nuclear deal by May 31. – Indications are consistent with a potential Iranian defensive action, such as airspace closure.　　## Article Body　　A report from the Institute for Science and International Security reveals that recent strikes by the US and Israel targeted Iran‘s nuclear weaponization capabilities rather than its enrichment facilities. This strategic focus during Operations Roaring Lion and Epic Fury marks a significant shift towards dismantling Iran’s nuclear weapons development capacity. Despite the attacks, Iranian enrichment facilities sustained minimal new damage, according to satellite imagery analysis. Diplomatic efforts remain at a standstill, with Iran rejecting US demands to dismantle its enrichment infrastructure and insisting on its right to enrichment. This ongoing military campaign against Iran‘s nuclear capabilities has heightened regional tensions, with potential implications for Iran’s defensive posture.　　## Market

05-10Industry

ARK Invests Cathie Wood forecasts lower inflation, rallying dollar driven by AI deflation

While most of Wall Street spends its time worrying about stagflation, Cathie Wood is reading a completely different script. The ARK Invest CEO has been making the case that US inflation is not just falling, but falling dramatically faster than consensus expects, with real-time data suggesting the core inflation rate sits around 1%.　　The numbers behind the call　　Wood‘s argument starts with data most economists aren’t watching closely enough. According to Truflation, a real-time inflation tracker that pulls from millions of data points rather than the Bureau of Labor Statistics lagging methodology, US CPI inflation is running at just 0.86% year-over-year.　　Core inflation, which strips out volatile food and energy prices, is sitting at roughly 1%. The housing market, typically one of the stickiest components of inflation, is showing minimal price pressure.　　Wood has projected that official CPI readings will “surprise on the low side” over the next six to nine months. Her thesis centers on AI-driven deflation. As artificial intelligence tools become embedded across industries, they drive productivity gains that reduce the cost of goods and services.　　ARKs research puts productivity growth at approximately 3%, with capital expenditures hitting a 30-year high. Companies are spending aggressively on technology infrastructure, and that spending is starting

05-10Industry

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