Latest Crypto News & Market Updates

Ripple CEO Brad Garlinghouse says Clarity better than chaos as Senate hits key moment

Miami Beach, FL — Brad Garlinghouse, Ripple‘s CEO, has been closely following the U.S. Senate’s progress on the crypto market structure bill, and he said it‘s not a “done deal” as the next two weeks may be pivotal for the legislation’s chances.　　“If it doesn‘t happen then, I think the likelihood is going to drop precipitously,” Garlinghouse said Tuesday at Consensus 2026 in Miami. But he said he still thinks it’s likely to happen, and the next moment will be the scheduling of the Senate Banking Committees long-awaited hearing to “mark up” the bill and advance it to the next stage.　　Senators at the center of the negotiations over the Digital Asset Market Clarity Act revealed last week the latest compromise language on a major sticking point — stablecoin yield — that is expected to allow the banking panel to schedule the hearing.　　“Do I think it‘s perfect？ Hell, no,” Garlinghouse said. “There’s tradeoffs and compromises, but I do think clarity is better than chaos.”　　The stablecoin compromise aims for a balance that allows crypto firms to pursue certain rewards programs without offering yield-bearing stablecoin accounts that resemble banks‘ interest-bearing deposits that fuel U.S. lending. Crypto insiders have generally agreed that it’s acceptable, but

05-06Industry

KelpDAO blames LayerZero infrastructure for $292M rsETH hack, shifts to Chainlink CCIP

Bitcoin Ethereum News　　KelpDAO said LayerZero approved the bridge configuration later blamed for the $292 million rsETH exploit, escalating a dispute over responsibility for one of DeFis largest cross chain security failures this year.　　The dispute centers on the April 18 exploit that drained about 116,500 rsETH from KelpDAOs LayerZero bridge. Chainalysis said the attack was not a smart contract hack, but an attack on offchain infrastructure in which attackers compromised internal RPC nodes and used false data to trick a 1 of 1 DVN setup into releasing funds against a nonexistent burn.　　LayerZero said in its incident statement that the exploit was isolated to KelpDAO‘s rsETH configuration and resulted from its single DVN setup. The company said preliminary indicators pointed to a sophisticated state actor, likely North Korea’s Lazarus Group.　　Kelp pushed back on that framing, saying the 1 of 1 setup was not unique to Kelp and was widely used across LayerZero integrations. The team said LayerZeros own documentation and direct guidance pointed builders toward setups using LayerZero Labs as the required DVN, with no optional DVNs configured.　　The protocol also said it stopped additional damage by pausing contracts after detecting the exploit. Chainalysis said Kelp‘s intervention blocked a second $95 million theft,

05-06Industry

Arthur Hayes Targets $125,000 Bitcoin on Liquidity Surge

Arthur Hayes projected that Bitcoin would reach $100,000 after the northern hemispheric summer.He set a $125,000 price target for Bitcoin by the end of 2026.Dollar liquidity, rather than regulation, drives his current Bitcoin outlook.Hayes said wartime financing through commercial banks improves liquidity conditions.Geopolitical escalation in Iran could affect the timeline toward $100,000.　　Arthur Hayes set a $125,000 Bitcoin target for the end of 2026 during Bitcoin Vegas. He tied the forecast to dollar liquidity, not regulation. He also outlined positions on Ethereum, Hyperliquid, and the CLARITY Act.　　He spoke in an interview with Cointelegraph at the event. He projected Bitcoin would reach $100,000 after the northern hemispheric summer. He said Bitcoin will climb to $125,000 by late 2026.　　Bitcoin Outlook and Arthur Hayes Liquidity Thesis　　Arthur Hayes said dollar liquidity will drive Bitcoin higher in this cycle. He argued that wartime financing through commercial banks improves liquidity conditions. He said this liquidity already pushes Bitcoin ahead of the NASDAQ and US SaaS stocks.　　He framed the path to $100,000 around geopolitical stability. He said escalation in Iran could disrupt the timeline. However, he added that markets appear to look past current tensions.　　He pointed to oil price spreads as evidence that goods continue to move. He

05-06Industry

CLARITY Act: US Senator Expects Trump To Sign Major Crypto Bill By July 4

CLARITY Act 2026 approval odds. 　　The data on prediction markets is an indicator of a change in the mood concerning the legislation. The likelihood of the CLARITY Act passing recently rose to as high as 69%, before stabilizing in the low 60% range. The increase comes as banks and crypto entities reached a compromise on the stablecoin yield.　　Political Headwinds Influence The Urgency　　It is also the political environment that is influencing the urgency of the bill. Galaxy Digitals Alex Thorn wrote that timing is everything. He said that “one reason that CLARITY matters NOW is that the race for senate control is tight.”　　Thorn cited situations where Sherrod Brown or Elizabeth Warren are competing for the Senate Banking Committee leadership in midterm elections. If Democrats win, Warren would take over the committee. Thereafter, the CLARITY Act could take a different direction owing to Warrens anti-crypto stance.　　Nonetheless, Senate Banking Committee Chairman Tim Scott noted that the bill has advanced to the “red zone.” It means that the committee is on the verge of making a decisive move.　　The CLARITY Act has already passed the House with a bipartisan vote. Hence, Senate leaders are now working to gain full Republican support before a potential vote.

05-06Industry

DJI Elliott Wave forecast: Rolling over

The rally from March 30 to May 1 formed a clear Elliott wave impulse pattern. This signals that a multi-week correction may have begun from 49,988.　　The first leg lower of the correction trended to 48,913 shaping wave (a) or (i). Now, the rally up to todays high is a portion of wave (b) or (ii). There is a small price gap that the current rally may try to jump up and fill. These gaps can act like magnets and eventual resistance in a downtrend.　　The gap is carved between 49,441 – 49,497. Therefore, DJI may top in that price range, then begin to dig lower in wave (c ) or (iii). The downside targets range is 47,758 – 48,409 with even lower levels possible.　　Embedded within this target price range is the 38% Fibonacci retracement level. It is likely the market will have a bullish reaction in this zone. Then well reassess how mature the downtrend is.　　Bottom Line　　The DJI appears to have completed its first bearish wave lower with another secondary leg down just around the corner. DJI may rally to fill the gap between 49,441 – 49,497 and create a secondary high.　　Once the next leg lower begins, we forecast it will

05-06Industry

Gold edges higher above $4,550 on fragile US–Iran ceasefire

Finance　　Gold edges higher above $4,550 on fragile US–Iran ceasefire　　Gold price (XAU/USD) trades in positive territory near $4,575 during the early Asian session on Wednesday. The precious metal edges higher as markets weigh developments in the Iran war. Traders will keep an eye on the US ADP Employment Change report, which is due later on Wednesday.　　US Defense Secretary Pete Hegseth said on Tuesday that the ceasefire with Iran was not over, even as the US and Iran exchanged fire in the Gulf as they wrestled for control of the Strait of Hormuz. The US Dollar (USD) softens following this headline, which provides some support to the USD-denominated commodity price.　　However, uncertainty in the Middle East remains high after a day of clashes involving ships in the Strait of Hormuz and missile strikes against the United Arab Emirates (UAE). The UAE stated on Tuesday that its responding to missile and drone threats, having intercepted almost all of roughly 20 projectiles fired from Iran the previous day. The ongoing US-Iran conflict in the Strait of Hormuz might cap the upside for Gold.　　Traders will closely monitor the US employment data for April later on Friday. This report could influence interest rate expectations and golds next

05-06Industry

BeInCrypto Institutional Research: 15 Firms Leading Digital Asset Adoption

Digital asset adoption is now moving through banks, asset managers, custodians, tokenization platforms, and crypto-native institutional arms. Leader in Digital Asset Adoption is an award category within The BeInCrypto Institutional 100, an annual research-driven program recognizing institutional digital asset excellence across 26 categories and six pillars. 　　This category sits in Pillar 3: Adoption 15 advanced to the long listScoring: 30% quantitative data · 50% Expert Council · 20% disclosed company dataCriteria assessed: Strategic commitment, products launched, capital deployed, organizational investment, industry signal, forward momentumData sources: SEC 13F filings, OCC approvals, MiCA-CASP authorizations, FCA, FINMA, MAS, BaFin, JFSA disclosures, audited reports, company releases, PitchBook, Tracxn, and Crunchbase#FirmAdoption Sub-SegmentHQReachTop Licensure / Live ProductRepresentative Work1JPMorgan ChaseBank-led tokenizationNew York, USA$4T+ assetsJPMD live on BaseOCC-regulated national bankJPMD USD deposit tokenHired Oliver Harris to lead KinexysKinexys Fund Flow live with private bank partners2BlackRockAsset manager adoptionNew York, USA$12.5T+ AUMIBIT 800K+ BTC; BUIDL $2.85BIBIT, ETHA, ETHBBUIDL tokenized money market fundETHB staked Ether ETF launched Mar 2026IBIT became a major institutional Bitcoin vehicle3Goldman SachsTokenization platformNew York, USA$3.1T AUMGS DAP live on CantonSEC and FINRA registeredGS DAP institutional DLT platformTokenized MMF platform launched with BNYGS DAP planned industry-owned spinout4BNYCrypto custodyNew York, USA$55.8T AUC/A$2.5T daily paymentsOCC-regulated bankLive BTC and ETH custodyCo-custodian

05-06Industry

Strategy Misses Wall Street Estimates By Huge Margin In Q1 Earnings Report

Tech　　Strategy Misses Wall Street Estimates By Huge Margin In Q1 Earnings Report　　Strategy Inc. (NASDAQ:MSTR) reported a sharp earnings miss in the first quarter earnings report for 2026 after the market closed on Tuesday. The weak earnings were attributed to its Bitcoin losses, which were way beyond what analysts expected.　　Strategy Announces Q1 Earnings Results　　Strategy reported a loss per share of $38.25 on a diluted basis in the quarter ended March 2026 quarter. The figure was significantly worse than the Wall Street consensus estimate of a loss per share of 3.41.　　The earnings miss was mainly caused by a huge unrealized loss on digital assets. Strategy announced that it had recorded a markdown of $14.46 billion on its Bitcoin holdings in the quarter, pushing the total net loss to $12.54 billion. The company had reported a much smaller net loss of $4.22 billion a year later.　　The losses come as Bitcoin price plunged nearly 30% in the first quarter after the U.S.-Iran war weighed on the markets. However, the BTC price has since recovered well above the $81,000 level. This rebound has pushed Strategys BTC gains to $5.1 billion in the year-to-date timeframe.　　Meanwhile, the quarterly revenue stood at 124.3 million, slightly under the expectation

05-06Industry

Ethereum Withdrawals From Exchanges Just Hit An 8-Month Low: Find Out What Investors Are Waiting For

Ethereum is holding above $2,300 as the market builds toward what feels like a decisive move in either direction. The price is constructive but unresolved, and an Arab Chain report has just surfaced a shift in accumulation behavior that adds a layer of structural context to the current setup that the price chart alone does not capture.　　The pace of Ethereum withdrawals from exchanges slowed significantly in April, reaching their lowest level since September 2024. Across all exchanges, approximately 19.8 million ETH was withdrawn during the month — a figure that looks substantial in isolation but represents a clear deceleration compared to the withdrawal pace recorded in previous months. Binance accounted for the largest share at approximately 7.09 million ETH, followed by OKX at 2.4 million, Coinbase Prime at 1.62 million, and Kraken at approximately 557,000 ETH.　　The recovery has produced a sequence of higher lows since the February bottom, indicating improving short-term structure. However, price remains compressed beneath the 50-week and 100-week moving averages, both of which are flattening and acting as dynamic resistance in the $2,500–$2,800 range. Until Ethereum clears that cluster, the market remains in a transitional phase between recovery and continuation of the broader range.　　The 200-week moving average,

05-06Industry

Crypto’s Biggest Bill is Running Out of Time, Ripple CEO Explains Why

Ripple CEO Brad Garlinghouse has said the next two weeks could determine whether broad U.S. crypto legislation has a realistic path to becoming law before the political calendar becomes harder to manage.　　Speaking at Consensus Miami, Garlinghouse the Senate Banking Committee needs to move forward with a markup soon. He warned that if the committee does not act in the coming weeks, the chances of passing a market structure bill could fall sharply.　　The legislation, commonly tied to the CLARITY Act framework, aims to create federal rules for digital assets and divide oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission.　　US Senate Timeline Becomes Critical　　The House passed its version of the crypto market structure bill last year, but the Senate process has moved more slowly. A bill must advance through both the Senate Agriculture Committee and the Senate Banking Committee before reaching the full Senate.　　The Agriculture Committee has already moved its version forward. The Banking Committee has faced delays, including disagreements over stablecoin rewards, conflicts of interest, and illicit finance rules.　　A between Sens. Angela Alsobrooks and Thom Tillis on stablecoin rewards could clear one major obstacle. However, Garlinghouse said time remains the main challenge as the November midterm

05-06Industry

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