Senate Banking Committee votes on Clarity Act, favoring Bitcoin and Coinbase staking

Bitcoin  Senate Banking Committee votes on Clarity Act, favoring Bitcoin and Coinbase staking  The Senate Banking Committee is set to mark up and vote on the Digital Asset Market Clarity Act on May 14, a sweeping 309-page bill that would create the first comprehensive regulatory framework for digital assets in the US. The legislation touches everything from Bitcoins treatment under federal law to whether platforms like Coinbase can continue offering staking rewards.  What the Clarity Act actually does  The legislation establishes a market structure framework that would define how different digital assets are classified and regulated. Bitcoin, stablecoins, and yield-generating products each get specific treatment under the proposed rules.  The most contentious piece is Section 404, which directly addresses stablecoins and the thorny question of yield. The provision bans stablecoin issuers from paying interest on balances in a way that mimics traditional bank deposits. In English: if you‘re holding USDC or another stablecoin, the company behind it can’t just pay you interest the way a savings account would.  But theres a carve-out. The bill does allow what it calls “activity-based rewards.” This distinction matters enormously for platforms like Coinbase, which offer staking and other yield products that generate returns through actual blockchain participation rather than traditional

05-15

Shiba Inu Supply Reduction Momentum Returns With Burn Rate Surging 1,034%

The U.S. Senate Banking Committee advanced the Clarity Act in a 15-9 bipartisan vote late Thursday. The Clarity Act vote marks the first major bipartisan move on crypto market structure legislation in months.  Most of these gains have now been largely retraced, but Shiba Inu price continues to stay in the green, up 0.30% in the last 24 hours to $0.00000627.  In separate news, a fresh warning has been issued to the Shiba Inu community by SHIB-focused X handle Shibizens. It is noted that LEASH v2 is not live yet, as it is currently in active development.  The Shiba Inu-focused X account reiterated that there are no presales or private airdrops, with burn claims only through the SHIB website alone. External audit and public testnet are planned before launch, with Shiba Inu holders urged to stay safe.

05-15

BlackRock and Binance Push Tokenization in Capital Markets

BlackRock and Binance are betting big on tokenization, positioning it as a transformative bridge between traditional capital markets and blockchain-based digital wallets. Speaking on the subject, both firms emphasized the potential of tokenization to unlock efficiency, transparency, and broader accessibility in financial markets.  Tokenization refers to the process of converting real-world assets (RWAs)—such as equities, bonds, or funds—into blockchain-based digital tokens. These tokens retain the same legal rights and economic interests as their traditional counterparts but bring added advantages like faster settlement, reduced counterparty risk, and programmable compliance. According to industry estimates, the tokenized asset market has already surpassed $30 billion as of May 2026, with institutional adoption accelerating.  BlackRock Expands Tokenized Funds  BlackRock, the worlds largest asset manager, is at the forefront of this movement. On May 8, 2026, the firm filed for new tokenized fund structures, building on its earlier blockchain-enabled money market fund. Recent filings indicate that BlackRock has added a tokenized share class to a $6.1 billion liquidity fund. These moves align with broader efforts to integrate blockchain infrastructure into traditional asset management.  By leveraging tokenization, BlackRock aims to enhance operational efficiency while offering investors near-instant settlement and greater liquidity. The firms focus reflects a broader trend among institutional investors,

05-15

Quantum Computing revenue surges 9,000% to $3.6M in Q1 2026, but the fine print tells a different story

Tech  Quantum Computing revenue surges 9,000% to $3.6M in Q1 2026, but the fine print tells a different story  Quantum Computing Inc. (QUBT) just posted a revenue number that looks like a typo. The company pulled in $3.691 million in Q1 2026, up from $39,000 in the same quarter last year. Thats a roughly 9,370% year-over-year increase.  Acquisitions did the heavy lifting  The vast majority of QCI‘s revenue spike wasn’t generated by selling more quantum computing services or landing new clients. It came from consolidating the revenues of two companies QCI acquired in early 2026: Luminar Semiconductor (LSI) and NuCrypt.  Strip away those acquisitions, and organic revenue for the quarter was $24,000.  The acquisitions did bring real revenue-generating businesses into QCIs portfolio. Luminar Semiconductor operates in the photonic chip space, while NuCrypt focuses on quantum-safe encryption products.  Losses widened as expenses ballooned  Operating expenses hit $19.8 million in Q1 2026, up 139% from $8.3 million in Q1 2025. The increase reflects higher personnel costs from integrating the acquired companies and transaction-related expenses that come with closing two deals in rapid succession.  QCI reported a net loss of $4.1 million for the quarter, or $0.02 per share. Thats a sharp reversal from Q1 2025, when the company actually posted net

05-15

Ripple veteran reveals hidden XRPL tool blocking big money control

Ripple CTO Emeritus David Schwartz has explained how XRP Ledger uses the Negative Unique Node List to handle validator failures. Schwartz said XRPLs Negative UNL helps the network keep moving when trusted validators go offline.The mechanism can ignore failed validations without removing a validators wider role in network decisions.The debate comes as XRPL adds lending tools, security upgrades and wider XRP market activity.  The discussion followed fresh debate over XRPLs architecture after Charles Hoskinson called the design “very elegant.”  Schwartz said XRPL needs a validator set that includes reliable operators and smaller independent participants. The issue is that large firms often have stronger uptime because they can pay for better servers and support teams.  Meanwhile, the Negative UNL is a list of trusted validators believed to be offline or not working properly. XRPL.org says the remaining validators can agree to ignore those validators when deciding whether a new ledger has enough support.  The system does not remove the validator forever. If the validator comes back online and sends matching validation votes, it can be removed from the Negative UNL after a short period.  Smaller validators keep their voice  Schwartz said the key point is that the Negative UNL does not silence a validators wider role. A

05-15

Ethereum Price Today: ETH at $2,261 After Second Straight Losing Week – Glamsterdam Is the Only Catalyst Left

Ethereum  Ethereum Price Today: ETH at $2,261 After Second Straight Losing Week – Glamsterdam Is the Only Catalyst Left  Ethereum is trading near $2,261 on May 15, 2026, and the 1W chart shows a second consecutive weekly loss. The week opened at $2,281, pushed to a high near $2,375 on May 10 to 11, then sold off steadily into the close. Volume picked up on the decline and dried up on the recovery attempts. That is the wrong configuration, and it has been the story for ETH two weeks running.  BTC closed this week up 1.46%. ETH closed down 0.91%. The divergence is widening.  What the Weekly Chart Shows  The week started with genuine buying. ETH pushed from $2,281 to $2,375 in the first three days, which was the best the chart had looked in two weeks. Then the sell-off hit. May 12 to 14 saw consistent red sessions, driven by hot CPI data, rising Treasury yields, and the same macro pressure that clipped BTC.  The difference is that BTC recovered. ETH did not. By May 14 to 15, ETH was testing the $2,245 area, the lowest print in over a month. The partial recovery to $2,261 leaves the weekly candle bearish: opened at $2,281, peaked

05-15

$2.6 Billion in Bitcoin, ETH, XRP, Solana Options Expire Today, Experts Raise Concerns

Bitcoin Ethereum  $2.6 Billion in Bitcoin, ETH, XRP, Solana Options Expire Today, Experts Raise Concerns  Crypto market recorded massive liquidations over the past few hours due to Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL) options expiry today. Crypto prices tumbled and pared almost all gains after bearish sentiment over the Senate committee advancing the CLARITY Act faded.  The latest US macroeconomic data, Middle East tensions, and spiking US Treasury yields, among other headwinds, are sparking Bitcoin selloff jitters.  Over $2 Billion in Bitcoin Options to Expire Today  According to Deribit data, almost 25K Bitcoin options with a notional value of more than $2 billion will expire on May 15. The put/call ratio of 0.57 indicates bullish sentiment in the crypto market.  The max pain price is at $80,000, below the current market price of $80,772. Moreover, BTC implied volatility is falling and 25 delta skew is rising sharply today. It signals that traders are turning cautious due to high odds of a drop in Bitcoin price.  In the last 24 hours, call volume is still higher than put volume, with a put/call ratio of 0.83. Deribit data shows high volume put and call options trading for the May 29 expiry, especially after the hot US CPI

05-15

DESRI and Meta sign 850 MW of new power purchase agreements, pushing partnership past 2.5 GW

Tech  DESRI and Meta sign 850 MW of new power purchase agreements, pushing partnership past 2.5 GW  Meta and D.E. Shaw Renewable Investments (DESRI) have locked in 850 MW of new power purchase agreements for 2026, bringing the total contracted capacity between the two companies to roughly 2,575 MW across nine US states.  The new deals cover projects in Oklahoma (500 MW), Texas (200 MW), and Mississippi (150 MW). DESRI expects about 1,110 MW of the overall portfolio to break ground this year, a construction wave the company says will create hundreds of jobs across the states involved.  The projects span solar generation and battery storage. Meta is locking in long-term contracts to buy electricity from solar farms that DESRI builds and operates, with batteries attached to store excess power for later use. These are utility-scale installations spread across multiple states.  DESRI has also committed to scholarship funding for high-school students pursuing clean-energy careers in the states where these Meta-backed projects are located.  Meta has made public commitments to match its electricity usage with renewable energy purchases. These PPAs don‘t mean Meta’s data centers run directly on solar panels. They mean Meta is buying enough renewable energy credits and contracted power to offset its grid consumption

05-15

Cardano Whale Holdings Hit All-Time High as ADA Price Tumbles

Tech  Cardano Whale Holdings Hit All-Time High as ADA Price Tumbles  Wallets with at least 1 million Cardano (ADA) tokens now hold 25.09 billion ADA, the highest combined balance on record, according to on-chain analytics firm Santiment.  That balance gives the cohort 67.47% of the circulating supply, the largest share held by ADA millionaires since July 2020.  “Although the asset has lost -71% of its market cap over the past 9 months, the ”millionaire“ tier of sharks and whales appear to be content with adding more while prices are at a discount,” Santiment said.  Cardano Whale Wallet Holdings Hit Record High. Source: X/SantimentSmaller ADA Wallets Move in the Opposite Direction  Since the start of 2026 alone, the cohort has added another 410 million tokens. The buying has continued despite Cardanos price decline.  BeInCrypto Markets data showed that ADA is down more than 20% in 2026 despite a recent short-term recovery. At press time, the altcoin traded at $0.267.  Cardano (ADA) Price Performance. Source: BeInCrypto Markets  The accumulation trend is not new. Santiment noted that the key stakeholders have been “consistently adding more and more of the existing supply” since December 2023.  In contrast, smaller cohorts have shipped tokens from their wallets during the same window. Wallets holding 100 to 1,000

05-15

How CLARITY Act survived a chaotic Senate markup after Warren, Banks and Democrats tried to slow it down

Tech  How CLARITY Act survived a chaotic Senate markup after Warren, Banks and Democrats tried to slow it down  Inside a packed Senate hearing room on May 14, the air was heavy with the tension of a high-stakes jurisdictional brawl on the CLARITY Act.  What was intended to be a routine legislative markup became a grueling “tick-tock” of procedural maneuvering, personal barbs, and a desperate search for a bipartisan middle ground.  Ultimately, the bill cleared the Senate Banking Committee in a 15-9 vote after a gauntlet of last-minute objections.  However, the path to that victory was defined by a series of sharp clashes between pro-crypto Republicans and a Democratic wing led by Senator Elizabeth Warren, who challenged the hearings “good governance” framing within the first hour.  The Clarity Act ‘good governance’ gambit  The morning began with Chairman Tim Scott attempting to set a tone of orderly progress.  Opening the hearing, Scott framed the CLARITY Act as a common-sense modernization of “outdated rules” that would prevent American innovation from fleeing to overseas markets.  Scott said:  “Safeguarding our national security means closing the doors that criminals, terrorists and hostile regimes have tried to exploit. This bill strengthens anti-money laundering and sanctions rules and gives law enforcement better tools to go after bad

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