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Who’s Backing the CLARITY Act Ahead of Senate Vote?

Support for the Digital Asset Market Clarity Act is crossing party lines ahead of a possible Senate Banking Committee vote, according to new polling from HarrisX. The survey found that 52% of registered voters support the crypto market structure bill, while 11% oppose it.　　The polling does not provide a senator-by-senator count of Democrats and Republicans backing the bill. It measures voter support by party. HarrisX reported net support of plus 48 among Democrats, plus 43 among Republicans, and plus 32 among Independents.　　The Clarity Act is designed to create a federal framework for digital assets and define oversight roles for the Securities and Exchange Commission and the Commodity Futures Trading Commission. Supporters say the bill would replace case-by-case enforcement with clearer rules for exchanges, token issuers and market participants.　　Source:　　The Senate Banking Committee is preparing for a possible markup as soon as next week. Draft legislative text has been circulated to select industry participants, while some language remains under review to reflect priorities from Democratic offices.　　Poll Shows Bipartisan Voter Support　　HarrisX said support for the Clarity Act includes Democrats, Republicans and Independents after voters were given a neutral description of the bill. The data showed 52% support overall, with only 11% opposed.　　The survey

05-08

Solv Moves $700 Million Bitcoin Infrastructure to Chainlink CCIP

Solv Protocol will migrate the wrapped BTC infrastructure from LayerZero to Chainlink CCIP.The move followed the $292M Kelp DAO exploit tied to LayerZero-powered bridge systems.Solv will phase out LayerZero bridge support for Corn, Berachain, Rootstock, and TAC.　　Solv Protocol is moving more than $700 million in tokenized Bitcoin infrastructure away from LayerZero after recent bridge exploits increased pressure on cross-chain security systems.　　The protocol confirmed that Chainlinks Cross-Chain Interoperability Protocol (CCIP) will become the default cross-chain layer for SolvBTC and xSolvBTC transfers across supported networks.　　As part of the migration, Solv will remove LayerZero bridge support for Corn, Berachain, Rootstock, and TAC. The company said the move followed a full review of bridge security standards after multiple recent cross-chain attacks.　　Solv Protocol runs Bitcoin-focused DeFi products built around SolvBTC, a wrapped Bitcoin asset that lets users move BTC liquidity across different blockchains while earning yield.　　Chief Technology Officer Will Wang said the migration was built around lowering bridge risk and improving security guarantees for users moving assets between chains.　　The company described Chainlinks CCIP as a more battle-tested infrastructure layer with stronger defense systems and institutional-grade protection.　　Kelp DAO Exploit Increased Pressure on LayerZero　　The migration came weeks after attackers drained roughly $292 million from infrastructure connected to

05-08

Bitcoin Pulls Back from $82K: Bulls Losing Nerve or Healthy Bear Flag Retest?

Bitcoin　　Bitcoin Pulls Back from $82K: Bulls Losing Nerve or Healthy Bear Flag Retest？　　After reaching a local high of around $82,800, the $BTC price has suffered a 4.25% fall, losing the major $80,600 horizontal support level, and pulling back to the top of the bear flag which was strong enough support to stop the rot. As Bitcoin continues its bounce, could $85,000 be the next higher target？　　Short-term momentum indicators signaling a bounce？　　Although the latest pullback may have made many investors nervous, especially after breaking out beyond critical resistance, it can probably be put down to a healthy retracement, particularly given that the $BTC price had become quite overbought.　　The price did fall back below the crucial $80,600 horizontal support level, making it resistance again, and the price fell out of the small ascending channel. That said, the top trendline of the bear flag was strong enough to hold the price up. A bounce has since occurred, and now that all the short-term momentum indicators have reset, the bulls will be hoping to push for a higher high.　　Will price be rejected from 200-day SMA？　　Source: TradingView　　The daily chart shows us that the $BTC price is at a very delicate stage. The bulls will be

05-08

Zcash to add quantum-recoverable wallets within a month, go post-quantum by 2027

Zcash will roll out quantum-recoverable wallets within a month and reach full post-quantum status within 12 to 18 months, Zcash Open Development Lab founder and CEO Josh Swihart told a Consensus Miami audience on Thursday in a session moderated by Solana infra firm Heliuss founder Mert Mumtaz.　　A separate scaling track is targeting MasterCard- and Visa-scale throughput on a similar horizon.　　The roadmap arrived during a ZEC rally that has lifted the token more than 110% over the past 30 days as prominent crypto fund Multicoin Capital disclosed a sizable ZEC investment and the privacy narrative caught on among investors, sentiment daata shows.　　Swihart‘s pitch was that Bitcoin no longer holds up as the cypherpunk-grade money it was meant to be. The asset works as an ETF wrapper and a store of value, he said, but as a peer-to-peer private payment system “it’s just fundamentally broken.”　　Visible balances on a transparent ledger let governments seize what they can see, he argued, the same wealth-visibility critique Multicoin‘s Tushar Jain leaned on this week when disclosing the fund’s purchases.　　The user-side traction is running through the Electric Coin Companys mobile wallet after an October integration with Near Intents opened cross-chain swaps from assets like BTC, SOL and

05-08

Bithumb, SSI Digital Plan Vietnam Exchange Amid Pilot Scramble

South Korea‘s Bithumb has teamed up with SSI Digital, a subsidiary of Vietnam’s largest securities firm, SSI Securities, to establish a licensed crypto exchange in Vietnam. The partnership comes as Vietnams tight five-year pilot program for digital asset trading platforms ramps up competition, with only a handful of licenses expected to be granted.　　Under a memorandum of understanding (MOU) signed in March and announced on May 7, Bithumb and SSI Digital aim to combine expertise in exchange technology, wallet systems, regulatory compliance, and institutional business development. While no formal license application or investment decision has been made, the move positions Bithumb to compete in one of Southeast Asias fastest-growing crypto markets.　　Vietnams Regulatory Tightrope　　Vietnams five-year pilot program, launched in September 2025, represents the countrys first serious attempt to regulate its booming crypto sector. Participants must meet stringent criteria: a minimum charter capital of 10 trillion dong (approximately $380 million), at least 65% of which must come from institutional investors. Foreign ownership is capped at 49%, and all transactions must be conducted in Vietnamese Dong (VND).　　The program limits licenses to Vietnamese entities, creating a high-stakes race among domestic firms and foreign-backed partnerships like Bithumbs. Five companies, including affiliates of major banks Techcombank, VPBank,

05-08

EUR/USD: Recovery eyes full retracement – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret report the Euro (EUR) is modestly higher versus the Dollar, supported by risk sentiment around the US/Iran conflict despite softer German trade data and slightly reduced ECB tightening expectations. Short-term technicals are described as bullish, with EUR/USD above key Fibonacci levels and rising RSI, opening scope for a move back toward the January high above 1.20.　　Bullish structure targets January highs　　“The EUR is up 0.4% vs. the USD, a mid-performer among the G10 currencies as it continues to be driven by – and recently buoyed by – broader market sentiment as it relates to the US/Iran conflict. Yield spreads have pulled back, reflecting a slight moderation in expectations for ECB tightening with June now priced at 19bpts – down about 10bpts from the hawkish peak that followed the April 30 policy meeting.”　　“Risk reversals are confirming the support from sentiment, as the options market continues to fade its modest premium for protection against EUR weakness with scope for continued support as premiums shift toward upside protection (as observed in late 2025/early 2026).”　　“Fundamental releases have been limited to weaker German trade data, reflecting a surge in (energy) imports in March, and the EUR appears to be

05-08

U.S. Jobs Report Comes In Stronger Than Expected Despite U.S.-Iran War

Tech　　U.S. Jobs Report Comes In Stronger Than Expected Despite U.S.-Iran War　　The U.S. jobs report has come in stronger than expectations, signaling that the labor market remains strong despite the pressures from the U.S.-Iran war. Bitcoin slightly slipped on the back of the data release, which makes a case for the Fed to hold rates steady for now.　　U.S. Jobs Report Comes In Strong With NFP Beating Estimates　　Bureau of Labor Statistics data shows that nonfarm payrolls rose by 115,000, beating estimates of 65,000. This marks the second consecutive month in which the U.S. has added over 100,000 jobs, with March nonfarm payrolls increasing by 178,000.　　Meanwhile, the unemployment rate remained unchanged at 4.3% in April, in line with expectations. This comes despite the inflationary pressures from the U.S.-Iran war, with the U.S. jobs report signaling that the labor market remains healthy.　　Bitcoin slipped from a high of around $80,200 following the release of the U.S. jobs report. The BTC price is currently trading at around $80,000, down almost 2% on the day, according to TradingView data.　　Source: TradingView; Bitcoin daily chart　　The report is typically bearish for Bitcoin and the broader crypto market as it strengthens the case for the Fed to keep holding rates steady,

05-08

Top 3 Altcoins Flashing Bullish Setups Heading Into the Weekend

Tech　　Top 3 Altcoins Flashing Bullish Setups Heading Into the Weekend　　Each coin has cleared a critical resistance level over the past week. Supporting voices on X point to extended legs higher if current consolidations resolve in favor of buyers.　　Toncoin (TON) Breaks Out Above $2.74 With Path to $3.10　　Toncoin (TON) has broken out from a multi-month accumulation zone on May 4. Daily volume on the breakout candle was the largest green print on the chart since October.　　Buying volume has continued to expand every session since. Price now trades at the 0.618 Fibonacci retracement at $2.74. The level is drawn from the August 2025 high down to the April low at $1.12.　　A daily close above this level opens the path to the 0.786 Fib at $3.10. In the event of a correction, the first major support sits at the 0.382 Fib near $2.12.　　Momentum readings have pushed near 93. The Bollinger Band Width Percentile (BBWP) also flashes extreme red readings, signaling stretched conditions. However, no bearish divergence has formed yet, which keeps the immediate trend intact.　　TON daily chart / Source: Tradingview　　The breakout coincides with fresh enthusiasm around the network. Telegram founder Pavel Durov has outlined a roadmap that puts Telegram itself as the largest

05-08

CZ Says Bitcoin Recovery Could Come Faster This Cycle After Clearing October 2025 Flash Crash Blame

The post CZ Says Bitcoin Recovery Could Come Faster This Cycle After Clearing October 2025 Flash Crash Blame appeared first on Coinpedia Fintech News　　Cathie Wood and Changpeng Zhao recently discussed Bitcoin, market cycles, and the October 11 crypto flash crash during a podcast conversation that quickly gained attention across the crypto community.　　For the unversed, the October 10–11, 2025 flash crash was one of the biggest sell-offs crypto had ever seen, wiping out more than $19.5 billion in leveraged positions within 24 hours. The panic began after President Trump proposed 100% tariffs on Chinese imports.　　Since then, many theories have blamed Binance for the brutal crash. BTC at that time was at its highest peak of $125,000, dropping to $101,000 within hours. Since then, BTC failed to reach the ATH again.　　During the podcast discussion, Cathie Wood clarified that Binance was not responsible for triggering the sharp market collapse that happened during the October 11 crash.　　Cathie Wood Clears Binances Name　　Wood explained that while there was a software glitch during the event, Binance itself did not cause the market-wide drop.　　“We know there was a software glitch, but Binance did not trigger the flash crash,” she said, adding that broader tariff-related panic and extremely nervous

05-08

Radiohead Brings Several Massive Albums Back To The Charts Together

Dozens of albums and songs mount comebacks on the music charts in the United Kingdom this week. This is not due to any special sales or events that turn various tunes and projects into top performers all of a sudden, but rather the disappearance of a number of recent wins after Record Store Day.　　A large group of beloved singers and groups debuted singles and albums across a variety of charts in the U.K., as is the case every year when the music industry event rolls around and then passes. Many of those projects, some of which were only released in limited quantities, disappear within a few days, and most never return. That loss of what can be dozens of releases creates a vacuum, and all of a sudden there is space for regular strong sellers and powerful streamers to return.　　Several hugely successful musical acts find their way back to various rankings across the Atlantic, and few perform as well as Radiohead this time around.　　Radioheads Returns to Multiple Charts　　Three of Radioheads full-lengths find their way back to two charts apiece. Between the three, is the biggest winner and the only one that reappears within the top 40. The groups 1997 full-length

05-08

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