Clarity Act markup leaves bitcoin unstirred

This is an excerpt from CoinDesk newsletter Daybook.Sign up here, if you havent already.  The weeks main event for digital assets, the U.S. Clarity Act markup, is due later today. The crypto market, led by bitcoin, seems to be treating it as a non-event.  The proposed bill aims to establish a comprehensive regulatory framework for digital assets. The latest draft, released on May 11, includes several key provisions, including a ban on interest on stablecoin balances and a $5 million penalty for violations. It also adds the Treasury as a rule-making authority alongside the SEC and CFTC.  There is still no ethics language preventing government officials from issuing tokens, though observers expect it may be introduced during markup, when a Congressional committee will review, debate and amend the wording line by line.  “As the framework moves toward passage, $BTCs case as a strategic allocation with unique diversification benefits in a balanced portfolio only strengthens,” said Can-Luca Köymen, an investment strategist at Sygnum Bank.  Not everyone is happy with the current wording.  Over 100 Substack amendments were submitted ahead of a Wednesday deadline, including one proposing a ban on Federal Reserve master accounts for crypto companies.  “That could be problematic,” said Noelle Acheson, author of Crypto is Macro

05-14Exchange

Bitcoin Price Prediction: Wintermute Says A Short Squeeze And A Bull Market Are Two Different Things

Bitcoin trades at $79,749 on May 14, pulling back after tagging the 200-day MA at $81,964, as Glassnode and Wintermute flag the same problem: the chart break is real but the spot demand needed to confirm it has not shown up yet.  $BTC Daily Chart: 200-Day MA Cleared, Now Comes the Hard Part  Bitcoin Daily Price Action (Source: TradingView)  The daily chart posted the most significant technical development since October. $BTC broke above the 200 EMA at $81,964 and the 0.705 Fib at $81,958 in the same session, levels that capped every recovery for seven months. Price tagged $79,962 intraday before pulling back to $79,749, sitting just below both levels now.  The 20 EMA at $79,126 is immediate support. Below that, the 0.618 Fib at $79,249 and an FVG cluster between $78,000 and $79,000 form the next band. Above, the 0.786 Fib at $84,181 is the first resistance, followed by $86,900 where Glassnode identifies the cost basis of November to February accumulators, the cohort most likely to sell into strength.  $BTC Key levels for May 14-15:Resistance: $81,958 (0.705 Fib, 200 EMA), $84,181 (0.786 Fib), $86,900 (accumulator cost basis)Support: $79,249 (0.618 Fib), $79,126 (20 EMA), $76,745 (50 EMA)Gamma: $82K negative cluster at $2.6B, $85K positive at

05-14Exchange

NVIDIA and Alphabet Surge While Bitcoin Awaits CLARITY Act

NVIDIA has moved past silver in global asset rankings after its market capitalization climbed to roughly $5.5 trillion.  The stock recently traded near $227, pushing the AI chip giant behind only gold among the world‘s largest assets. Silver’s market value stood near $5 trillion during the move, while gold remained far ahead at above $32 trillion.  The rally has become one of the clearest signs of how aggressively capital is flowing into AI infrastructure. Investors are now assigning multi-trillion-dollar valuations to companies tied directly to chips, cloud systems, AI model training, and enterprise compute demand.  At the same time, Alphabet is approaching its own historic milestone. It recently traded near a $4.88 trillion valuation, leaving it less than 4% away from crossing the $5 trillion mark.  Source: XBitcoin Surpassed Google Once  Bitcoin has already shown it can move into the same valuation conversation as mega-cap tech companies. In April 2025, Bitcoin became the fifth-largest global asset by market capitalization after surging above $94,000.  The market environment differed from Bitcoin‘s earlier move above $109,000. Even though Bitcoin’s market cap had previously crossed $2 trillion, large tech stocks were trading at much higher valuations at that time, preventing $BTC from overtaking them in the rankings.  CLARITY Act Could Become

05-14Exchange

US Dollar Index steadies following news of positive Trump-Xi summit

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining in the positive territory for the fourth consecutive day and trading around 98.50 during the European hours on Thursday.  The Greenback moves little after Reuters cited White House official, stating that the meeting between United States (US) President Donald Trump and Chinese leader Xi Jinping was “good” and they both discussed ways to enhance economic cooperation.  Both nations discussed expanding market access for American businesses and increasing Chinese investment. They also agreed that the Strait of Hormuz must remain open and that Iran must never acquire a nuclear weapon.  US producer prices rose in April at the fastest pace since 2022, reinforcing expectations that the Federal Reserve could maintain a hawkish policy stance. Markets have eliminated expectations for 2026 Fed rate cuts, now shifting focus toward a potential year-end hike. Focus will shift toward the US Retail Sales report for April due later in the day.  US Producer Price Index (PPI) surged to 6.0% year-over-year in the reported month, up from 4.3% in March and well above the 4.9% expected by the market. On a monthly basis, PPI rose 1.4%, doubling the previous months

05-14Industry

Casper Network Plans Quantum-Safe Keys in 2027 to Protect Tokenized Assets

The Casper Association on May 12 unveiled a multi-year technical roadmap aimed at positioning the Casper Network as the primary infrastructure for regulated asset tokenization and the burgeoning machine-to-machine economy.  Michael Steuer, president and CTO of the Casper Association, who introduced the strategy at the Digital Finance Forum in Bermuda, characterized the roadmap as a shift away from “crypto-native hype” toward the practical infrastructure required to onboard trillions of dollars in real-world assets ( ).  “Few are building the infrastructure that will onboard the next billion users, the next trillion dollars in tokenized assets, or the first billion machines,” Steuer said. “For users, should be invisible. One tap. Done.”  Known as the Casper Manifest, the roadmap outlines nine core initiatives designed to eliminate the friction typically associated with technology. A central pillar of the plan is the introduction of full ( ) compatibility.  While Caspers foundation is built on Webassembly (Wasm), the addition of compatibility allows developers to migrate existing Ethereum-based and tools—such as Solidity and MetaMask—to the Casper Network without modification. The association described the move as “one chain, two execution environments, zero fragmentation.”  Targeting the estimated $16 trillion market for tokenized real-world assets, the roadmap integrates regulatory compliance directly into the protocol. Casper

05-14Industry

Ethereum bulls face $2,400 wall: Is profit-taking warning of a pullback?

Ethereum (ETH) is facing renewed caution after Santiment data showed network realized profits rose to $74.58 million, the highest level in three weeks. Ethereum realized profits jumped to $74.58M as lower-cost holders sold into the latest dip again.ETH now trades near $2,267, with $2,270 acting as a short-term trigger level for traders.Sell walls around $2,400 keep upside limited while $2,200 remains the key downside risk now.  The move came while ETH fell about 5.5% over three days, suggesting some profitable holders used the pullback to exit positions.  Crypto.news price data showed ETH at $2,270, down 1.41% over 24 hours. Trading volume stood at $14.29 billion, while market cap was $273.7 billion. The 24-hour range ran from $2,240 to $2,320, keeping ETH close to the short-term pivot watched by traders.  Santiment data points to dip selling  Santiment said the profit spike may look “counterintuitive” because it came during a price drop. The firm linked the move to holders who bought ETH below $2,000 during February and March, leaving them in profit even after the latest decline.  The analytics firm also said higher on-chain movement can create more realized profit and loss events. It added that the setup “doesnt necessarily imply you should get bearish,” but warned

05-14Ethereum

Vapi reaches $500M valuation after Amazon Ring selects its AI platform

Tech  Vapi reaches $500M valuation after Amazon Ring selects its AI platform  Amazons Ring division evaluated more than 40 AI voice vendors before picking its winner. Vapi, a startup most people outside the enterprise AI world have never heard of, walked away with the contract, and Ring proceeded to migrate 100% of its inbound customer support calls onto the platform.  That kind of endorsement tends to open wallets. Vapi just closed a $50M Series B led by Peak XV Partners, pushing its valuation to $500M. Microsoft‘s M12, Kleiner Perkins, and Bessemer Venture Partners also participated, bringing the company’s total funding to $72M.  The numbers behind the noise  Vapi currently processes between 1 million and 5 million calls per day. It has surpassed 1 billion total calls handled to date, a milestone driven almost entirely by enterprise customers rather than hobbyist developers tinkering with voice bots on weekends.  The companys enterprise business has grown roughly 10 times since early 2025. Vapi employs around 100 people and plans to use the fresh capital to expand its engineering and go-to-market teams.  Why Rings bet matters more than the valuation  Ring didnt just trial a few vendors and pick the cheapest. The unit tested north of 40 voice AI platforms before committing.

05-14Industry

ftse mib hovers near 50,000 as bank earnings and ECB policy offset geopolitics

Investors are scrutinising Italys main equity benchmark as strong bank earnings, ECB policy and geopolitical tensions pull the ftse mib in different directions around record territory.  FTSE MIB index trades sideways just below record peak  The FTSE MIB index has recently hovered just shy of the key 50,000 threshold, consolidating after a powerful rally. On 8 May 2026 it closed essentially flat at about 49,290 points, almost unchanged from the previous close around 49,291. Consequently, it was the only major European benchmark that did not decline that session, underlining its relative resilience in a volatile regional backdrop.  In the preceding days, the Italian blue-chip barometer had already pushed into uncharted territory. After a 2.35% surge that drove a record close at 49,697 points, the FTSEMIB traded broadly flat on 7 May 2026, oscillating in the 49,500–49,700 range. Thus, price action suggested a classic consolidation phase, with investors digesting gains near a psychological resistance area.  Bank-heavy structure underpins recent FTSE MIB performance  A crucial factor behind the recent outperformance of the ftse mib versus other European indices is its heavy financial sector weighting. Large banking groups such as Intesa Sanpaolo and UniCredit have posted solid earnings, which supported sentiment just after the index touched a 24-year

05-14Industry

FILE Price Prediction: $1.25 Breakout or $0.95 Collapse Within 14 Days

The Immediate Setup  FILE is trading in the danger zone at $1.10, caught between competing forces that could explode in either direction. The tokens trapped below its 200-day moving average at $1.25 while sitting comfortably above shorter-term averages, creating a classic compression pattern. With momentum indicators showing MACD flatlining at zero and RSI hovering in neutral territory at 58, the market is coiling like a spring ready to snap.  The real story lies in the derivatives action. Open interest surged 5.41% in 24 hours to $55 million, signaling massive position building ahead of the next major move. When smart money commits this heavily, Blockchain.news data suggests a significant breakout is imminent within the next two weeks.  Key Levels Exposed  The technical battlefield is clearly defined. FILE faces immediate resistance at $1.12, followed by the critical $1.14 level thats acted as a brick wall. Above that, the 200-day moving average at $1.25 represents the ultimate prize – breaking through would trigger algorithmic buying and likely push FILE toward the upper Bollinger Band at $1.24.  On the downside, support at $1.07 already cracked during today‘s session, exposing the stronger $1.05 floor. If that fails, there’s virtually nothing until $0.95, where the 50-day moving average converges with longer-term

05-14Industry

Donald Trump declares Iran ceasefire on life support as crude oil tops $105

Tech  Donald Trump declares Iran ceasefire ‘on life support’ as crude oil tops $105  President Trump just told the world what oil traders had been pricing in for weeks: the Iran-Israel ceasefire is barely breathing. His characterization of the truce as being “on life support” sent crude oil surging past $105 per barrel, a sharp reminder that Middle Eastern geopolitics still hold an outsized grip on global energy markets.  The timing matters. The ceasefire, brokered through US and Qatari mediation back on June 24, 2025, was supposed to mark the end of the Twelve-Day War between Iran and Israel. For months, it mostly held, surviving early violations and tense moments. Now, nearly a year later, Trumps own words suggest that diplomatic scaffolding is crumbling.  From fragile peace to life support  The June 2025 agreement had managed to beat expectations, largely because of sustained US diplomatic pressure on Israeli leaders and Qatars role as an intermediary. Initial violations occurred almost immediately after the agreement took effect, yet the truce persisted through the remainder of 2025 and into 2026.  Trumps ongoing intervention with Israeli leadership was widely credited as one of the key factors sustaining the ceasefire over the past year. If Trump himself is now signaling that

05-14Industry
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