Clarity Act clears Senate as Bitcoin hits $82K

The Clarity Act cleared the Senate Banking Committee 15 to 9 on Thursday, sending Bitcoin above $82,000 for the first time in weeks.The Senate Banking Committee advanced the Clarity Act in a bipartisan 15 to 9 vote, with two Democrats crossing the aisle to back the bill.Bitcoin climbed above $82,000 following the committee vote before pulling back to around $81,500, up roughly 2.5% on the day.Unresolved ethics provisions and a 60-vote Senate floor threshold remain as the bill moves toward a full Senate vote ahead of May 21 recess.  The Clarity Act advanced out of the Senate Banking Committee on Thursday in a 15 to 9 bipartisan vote, clearing a critical legislative gate for the most significant crypto market structure bill in US history. Bitcoin (BTC) climbed above $82,000 following the vote before retreating slightly to around $81,500, up approximately 2.5% on the day.  Two Democratic senators crossed the aisle to back the bill alongside all 13 Republicans on the committee. Chairman Tim Scott had described securing all 13 Republican votes as “the red zone,” with Senator John Kennedy having withheld support in the days leading up to the session.  Cody Carbone, who heads the Digital Chamber, told reporters the unresolved ethics provision

05-15Industry

Clarity Act Moves Forward After 15-9 Committee Vote

Senate Banking Committee PASSES the Clarity Act in 15-9 vote.  Sen. Cynthia Lummis called the proposal “the hardest piece of legislation” of her career. She said the bill fits new digital assets into an older regulatory system. The text splits oversight between the SEC and the CFTC and sets rules for exchanges, brokers, and custodians.  The committee rejected several Democratic amendments during the markup session. Sen. Elizabeth Warren opposed the bill and called it “a bill written by the crypto industry.” She argued that the draft weakens securities law protections that date to 1929.  Warren also warned that the bill allows banks to increase crypto exposure. She linked that risk to practices before the 2008 financial crisis. Republicans voted down her amendments in 11-13 votes.  Ethics, Sanctions, and DeFi Debates Shape Vote  Democrats raised concerns about illicit finance and stablecoins during the hearing. Sen. Jack Reed said Iranian actors use stablecoins to buy drone components. He sought authority for regulators to block foreign illicit stablecoin flows, but the amendment failed.  Sen. Chris Van Hollen cited estimates that over $150 billion moved through illicit wallets last year. He proposed penalties for releasing DeFi protocols designed for money laundering. Republicans rejected his measure and said current criminal laws

05-15Industry

Ethereum Battles and Maintains Its Range Above $2,200

Ethereum  Ethereum Battles and Maintains Its Range Above $2,200  .  Ethereum Price Long-Term Analysis: Ranging  The largest altcoin continues to trade within a range between the $2,200 support level and the $2,500 high. Currently, price movement is restricted by the 50-day SMA as support and the 21-day SMA as resistance.  On the downside, if Ether loses support at the 50-day SMA, it could fall to lows of $2,200 and $2,000. Alternatively, if buyers push the price above the 21-day SMA, Ether may rise to $2,400 and $2,500. Once buyers overcome the $2,500 barrier, the largest altcoin is expected to gain momentum, potentially reaching the next high of $3,000. Today, Ether is at $2,268.  Technical indicators:  Resistance Levels: $4,500 and $5,000Support levels: $3,000 and $2,500  Ethereum Indicator Analysis  The largest altcoin is currently trapped between the 50-day SMA support and the 21-day SMA resistance. This suggests that Ether will likely remain between the moving average lines for several days. Ethers price bars are below the horizontal moving average lines. The long candlestick wicks are being rejected at the moving average lines, indicating strong selling pressure at recent peaks.  What Is the Next Direction for Ethereum?  Ethereum has declined and found support above the $2,240 level for the third time since April 19.

05-15Ethereum

XRP Hits Session Highs as CLARITY Act Advances to Full Senate

Broader sentiment around and the digital asset sector turned increasingly after the Senate Banking Committee voted 15-9 to advance the Digital Asset Market CLARITY Act of 2025, a major step toward establishing clearer regulation in the United States. The legislation would clarify oversight responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), fueling optimism that a more structured regulatory framework could accelerate institutional adoption and strengthen confidence across digital asset markets. Ahead of the committee vote, publicly expressed support for the CLARITY Act, with CEO Brad Garlinghouse describing the legislation as a critical moment for the industry. s endorsement reinforced expectations that regulatory clarity could create a more favorable environment for companies and digital assets operating in the U.S.  Technical Indicators Highlight Overbought Conditions  Technical indicators on the 1-hour chart reflect strong momentum but also increasingly stretched short-term conditions. The ( ) has climbed to around 80.6, placing firmly in overbought territory following the rapid advance. The ( ) remains strongly , with the line near 0.01536 and the signal line around 0.00609 while the histogram remains positive near 0.00927, indicating accelerating upside momentum.  From a Moving Average (MA) standpoint, is trading comfortably above both the 50-period

05-15Industry

XRP Futures Activity Just Broke Above Its 30-Day Average: Bullish Signal Or Warning?

Sebastians journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.  As his knowledge grew, Sebastian felt compelled to share his insights with others. He began actively contributing to online discussions on platforms like X and LinkedIn, focusing on fintech and crypto-related content. His goal was to expose valuable trends and insights to a wider audience, fostering a deeper understanding of the rapidly evolving crypto landscape. Sebastians contributions quickly gained recognition, and he became a trusted voice in the online crypto community.  To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.  Sebastians passion for finance and writing is evident

05-15Industry

Grove launches $1 billion liquidity network for tokenized Treasury funds

Groves Basin liquidity network can supply up to $1 billion in daily stablecoin liquidity to support redemptions for tokenized U.S. Treasury funds.Grove introduced a liquidity facility capable of providing up to $1 billion in daily stablecoin liquidity.The Basin network is designed to support instant redemptions for tokenized Treasury products including BlackRocks BUIDL fund.The launch highlights growing institutional demand for tokenized real-world assets and on-chain liquidity infrastructure.  Blockchain credit infrastructure company Grove has launched a liquidity network called Basin aimed at supporting instant redemptions for tokenized U.S. Treasury funds, marking another major step in the expansion of tokenized real-world assets. According to reports from ChainCatcher, the platform can initially provide up to $1 billion in stablecoin liquidity per day.  The liquidity facility is designed to support products including BlackRocks BUIDL tokenized Treasury fund and the Janus Henderson Anemoy Treasury Fund (JTRSY). Basin will allow investors to redeem tokenized Treasury assets more efficiently by providing stablecoin liquidity infrastructure that operates continuously on-chain.  The launch comes as tokenized Treasury products continue attracting institutional capital due to rising demand for blockchain-based yield-bearing assets tied to traditional financial instruments. BUIDL has emerged as one of the largest tokenized Treasury offerings since its launch, reflecting accelerating interest in bringing

05-15Industry

CLARITY Act Faces Tight Odds Ahead of Key Senate Vote

Last-minute disputes over DeFi rules cast uncertainty over the CLARITY Act committee vote.Cynthia Lummis warned Congress cannot wait for another crypto collapse before regulating markets.More than 100 amendments and bipartisan tensions complicated the CLARITY Acts path forward.  Lawmakers on Capitol Hill are prepared to vote Thursday on the crypto-focused CLARITY Act, a proposal that could shape digital asset regulation in the United States. The Senate Banking Committee markup came as crypto firms, lobbyists, and industry groups closely monitored negotiations amid signs that bipartisan support had weakened.  Cynthia Lummis remained optimistic ahead of the hearing. Speaking on CNBCs Squawk Box, she said lawmakers had spent more than nine months working with Democrats on the bill. Lummis argued the legislation would establish clearer rules for digital assets in the U.S.  “Its the Wild West out there,” Lummis said. She added that the framework would help regulators target fraud while allowing legitimate crypto companies to continue operating in the country.  Bipartisan Negotiations Hit Final Roadblocks  However, disagreements emerged just hours before the committee session began. Journalist Eleanor Terrett reported that five pro-crypto Democrats met Thursday morning privately to discuss their voting strategy after negotiations stalled the previous night.  According to Terrett, ethical concerns were no longer the main issue.

05-15Industry

Bitget Enters Mexico Market with UIF and SAT Registration to Grow in Latin America

Bitget, a renowned crypto exchange, is expanding its services into the Mexican market following the completion of crucial registrations. In this respect, Bitget has confirmed its successful registration with the Financial Intelligence Unit (UIF) and Tax Administration Service (SAT) of Mexico. These authorizations place Bitget among the early crypto entities to fulfill the local compliance needs in one of the fastest-growing digital asset hubs of Latin America. So, the development fortifies its strategy to expand presence across Latin and Central America, where there is a growing demand for regulated cryptocurrency services.  Bitget Obtains UIF and SAT Registrations in Mexico to Expand Compliant Crypto Services  Bitgets expansion into Mexico comes with the completion of the Financial Intelligence Unit (UIF) and Tax Administration Service (SAT) registrations. While Mexico is emerging as a noteworthy jurisdiction for the adoption of digital finance, Bitget attempts to effectively align with the regulatory expectations.  Particularly, the SAT regulates tax obligations for domestic and foreign entities working in the financial market of Mexico. Additionally, UIF is the financial intelligence agency of the country to monitor and prevent any money laundering activities and other illegal financial flows. Collectively, these authorizations permit Bitget to execute its services under the evolving anti-money laundering (AML)

05-15Industry

Apple Mac M5 System Exploited With Anthropics Claude Mythos AI, Researchers Claim

A security firm claims it built a working macOS kernel exploit targeting Apples M5 chip and Memory Integrity Enforcement system.The company says a preview version of Anthropics Claude Mythos AI helped identify bugs and assist with exploit development.Apple has not yet publicly commented on the claims.  Apple devices have long been considered among the hardest consumer systems to hack because of the company‘s tightly integrated hardware and software security. Now, a security startup claims a small team of researchers used a preview version of Anthropic’s Claude Mythos to build a working exploit against Apples new M5 chip protections in less than a week.  In a Substack post published Thursday, the Vietnam-based Calif said it developed what it describes as the first public macOS kernel memory corruption exploit capable of surviving Apple‘s new Memory Integrity Enforcement, or MIE, protections on M5 hardware. Calif said it shared the findings with Apple in a meeting at the tech giant’s headquarters in California.  “We wanted to report it in person, instead of getting buried in the submission flood that some unfortunate Pwn2Own participants just experienced,” Calif wrote. “Most respected hackers avoid human interaction whenever possible, so this physical strategy may give us a slight edge in the

05-15Industry

Dune cuts 25% of staff to sharpen focus on AI and institutional data products

Dune cut 25% of its staff this week as the crypto data platform restructures around AI powered analytics and institutional demand for onchain data.  We‘re restructuring Dune to sharpen our focus around the core data products thousands of customers across the crypto industry rely on. That unfortunately means we’ve let 25% of the team go this week. These are exceptional people I can wholeheartedly recommend   CEO and co-founder Fredrik Haga said the layoffs are part of a move to sharpen Dunes focus on the core data products used across the crypto industry. He said the company remains well capitalized and will focus on two major shifts: AI and institutions moving onchain.  The restructuring comes as Dune expands its AI product stack. The company recently introduced Dune MCP, a Model Context Protocol server that gives AI agents access to Dunes data warehouse across more than 100 blockchains, decoded smart contracts, and curated datasets. The tool is designed to let users create dashboards and workflows without writing SQL or managing data infrastructure.  Dune said its broader platform supports blockchain data queries, APIs, DataShare, and dashboards across more than 100 chains. The companys website says it serves more than 1 million users and is trusted by

05-15Industry
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