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Garlinghouse defends Clarity Act shift

Ripple CEO Brad Garlinghouse defended Clarity Act progress at Consensus 2026, calling the past week a “big positive shift.”Garlinghouse spoke live at Consensus 2026 in Miami, expressing renewed confidence in the Clarity Acts path through the Senate.The Ripple CEO pointed to growing Senate support as evidence that legislative momentum behind the bill is real.His comments arrive as the Clarity Act faces simultaneous industry backing and resistance from major US banking groups.　　Ripple CEO Brad Garlinghouse took the Consensus 2026 stage in Miami today and told attendees the Clarity Act is gaining genuine ground in Washington. He called the past week a “big positive shift,” pointing specifically to growing Senate support as proof that the bill is moving.　　His confidence arrives at a tense moment for the legislation. The Clarity Act has secured backing from major crypto trade groups, with Coinbase and Circle both urging the Senate Banking Committee to advance the bill after a stablecoin yield compromise was brokered by Senators Tillis and Alsobrooks. Banking associations have pushed back against those yield provisions, arguing the deal introduces systemic risk to traditional financial institutions.　　The regulatory backdrop behind Garlinghouses optimism　　Garlinghouse has made regulatory clarity the centrepiece of Ripples public positioning for years. A Ripple

05-06

XRP Evernorth adds OpenAI Foundation CFO

XRP Evernorth has named Robert Kaiden, CFO of the OpenAI Foundation, to its board of directorsXRP Evernorth appointed OpenAI Foundation CFO Robert Kaiden and Antalpha COO Derar Islim as independent directors.The Ripple-backed company is preparing for a Nasdaq listing under the ticker XRPN.The board additions signal XRP Evernorth is building institutional credibility ahead of its public market debut.　　XRP Evernorth, the Ripple-backed treasury company building an XRP-denominated balance sheet ahead of a Nasdaq listing, has appointed two senior executives to its board. Robert Kaiden, CFO of the OpenAI Foundation, and Derar Islim, COO of Antalpha, join as independent directors.　　The appointments were announced on May 4. XRP Evernorth is targeting a Nasdaq listing under the ticker XRPN, positioning itself as a publicly traded vehicle for institutional XRP exposure. The addition of Kaiden in particular connects the company directly to one of the most prominent AI organisations in the world.　　Board composition signals institutional intent　　Kaiden‘s appointment is notable given the OpenAI Foundation’s profile in Washington and Silicon Valley. His financial oversight background gives XRP Evernorth a credible voice on governance and capital markets strategy as it prepares for public scrutiny. Institutional appetite for XRP-linked products has grown sharply since Ripples legal dispute with the

05-06

Ripple Former CTO Breaks Silence On Allegations of Selling XRP For Company Profit

Ripple CTO Emeritus David Schwartz has addressed renewed criticism of the relationship between Ripple and XRP. He responded directly to arguments that the company is unfairly benefiting out of the sale of tokens.　　Ripples David Schwartz Responds To Allegations Around XRP Sales　　The debate started on X when one user asked why the retail participants are unable to get equity in Ripple itself instead of XRP. “The one issue I have with Ripple, let us have access to the ripple stock NOW or you are just selling us a coin for your companys profit,” the post read.　　Schwartz disagreed with the narrative. He spotlighted regulatory obstacles related to conventional equity markets and dismissed claims of selling XRP for the companys profit. “There really is no practical way for Ripple to do that under the law,” he said.　　“Ripple stock is, without doubt, a security,” Schwartz added. The statements have garnered attention, especially after he previously expressed disbelief over predictions of XRP price surging to $10,000.　　Schwartz further said that those who wanted to have access to the company‘s stock can do so via secondary markets. He wrote, “”If you want direct exposure to Ripple’s success or failure, you can buy Ripple stock on the secondary

05-06

Solana Price Prediction: SOL Breakout Watch as Bulls Eye $100

Solana is holding near $85 as two daily charts show price tightening above the $80 to $85 support area. Analysts now point to $100, $125, and even $135 to $145 as possible upside zones if SOL breaks above nearby resistance.　　Solana Holds Near $85 as Chart Shows Early Recovery Setup　　Solana traded near $85.04 on the daily SOL/USD chart shared by WebTrend, while price continued to move sideways after a sharp decline from the November and January highs.　　The chart shows SOL holding above the $80 to $85 area after forming two rounded support reactions. The first appeared near the February low, while the second formed around early April. These reactions suggest sellers lost some pressure near the same lower price zone.　　Solana Base Recovery Chart: Source:　　SOL remains below the larger moving average structure, including the long-term purple line near the $115 to $120 area. That keeps the broader trend under pressure, even though the short-term chart has started to flatten.　　The green target box sits around the $135 to $145 zone. For SOL to move toward that area, price first needs to break above the nearby resistance around $90 to $100, where previous candles rejected in March.　　A clean move above that zone would give

05-06

Republic Joins XDC Network Validator Set, Signaling Institutional Momentum

Republic has joined XDC Network as an institutional validator, adding another established financial technology institution to the blockchains validator group as it expands its role in trade finance and real-world asset tokenization.　　Under the partnership , Republic will operate masternodes responsible for helping secure XDC Network and validate on-chain transactions. The announcement links Republic more directly to the technical systems behind blockchain-based financial applications, particularly those designed for institutional markets.　　XDC Network is an enterprise-grade layer-one blockchain built for global trade and finance. Its architecture supports real-world asset tokenization, cross-border settlement, trade finance applications, stablecoins, and institutional decentralized applications.　　For Republic, the validator role deepens its exposure to blockchain systems beyond marketplace services, tokenization, asset management, advisory, and staking operations.　　said Jeffrey Vier, Head of Tokenization at Republic.　　Republic Brings Institutional Backing to XDCs Validator Set　　Validators play a core role in proof-of-stake and masternode-based blockchain networks. They help confirm transactions, support network uptime, and contribute to the trust model behind on-chain activity.　　Republics participation comes as XDC Network continues to add institutional validators to its ecosystem. Recent validator additions include HashKey Cloud and UOB Venture Management.　　Shanlong James Chen, Head of Strategic Investments at XVC Tech, the venture capital arm of XDC Network, said Republic‘s participation supports

05-06

Why PR Agencies Need a Media Intelligence Layer in 2026

PR agency media intelligence is the operational layer that determines whether agencies can scale decision-making across clients without losing consistency.　　A media intelligence layer is a structured system that standardizes how media outlets are analyzed, compared, and selected using normalized data. It sits beneath outreach tools and reporting workflows, turning fragmented signals into decision-ready inputs.　　What pain points media intelligence tools solve　　Agencies operate under conditions that most in-house teams do not face.　　They manage multiple clients across regions, industries, and timelines. Each account requires a different media mix, but the underlying evaluation process is often repeated from scratch. That creates duplication, inconsistency, and time pressure.　　Turnaround speed compounds the issue. Campaign planning, media list building, and reporting cycles are compressed. Teams rely on partial data and inherited assumptions because there is no time to reconcile conflicting signals.　　The result is operational strain. Decisions depend on individual judgment instead of a shared system. That limits scalability and makes performance difficult to standardize across accounts.　　What a Media Intelligence Layer Replaces　　Most agency workflows still depend on a patchwork of tools and manual processes.　　Media research is spread across traffic estimators, SEO platforms, and internal spreadsheets. Each tool captures a narrow signal. None provide a consistent way to compare outlets

05-06

Aave dismisses restraining notice for rescued funds as finders keepers

DeFi lending platform Aave has filed an emergency motion to vacate a request to seize $71 million worth of ether rescued by Arbitrum‘s Security Council following April’s $290 million Kelp DAO hack.　　It claims the restraining notice “is causing immediate harm, right this very moment, to blameless third parties,” i.e. Aave users affected by the hacks fallout.　　Law firm Gerstein Harrow filed the restraining notice on May 1, claiming that the stolen funds seized by “potential garnishee” Artbitrum are, in fact, North Korean property.　　The firm requested funds be turned over to “collect unpaid judgements” owed to their clients who had previously been awarded damages, which North Korea hasnt paid.　　Gerstein Harrow has previously taken action against a range of crypto projects, often seeking to stake a claim to North Korea-linked funds.　　Kelp DAO hacks effects on Aave　　April 18s Kelp DAO hack exploited Layer Zeros bridging infrastructure to fraudulently release $290 million rsETH tokens.　　The hackers, suspected to be North Koreas notorious Lazarus Group (due to on-chain connections to ByBit and BTC Turk hacks), borrowed $236 million of WETH against the stolen rsETH on Aave.　　With outstanding loans made against partially unbacked collateral, Aave faced between $124 million and $230 million worth of bad debt.　　Arbitrum Security Councils

05-06

Pi Network launches Protocol 23 push at Consensus

Pi Network co-founders took the Consensus 2026 stage in Miami, six days before Protocol 23 activates on May 11Dr. Chengdiao Fan spoke at Consensus 2026 on May 6 on aligning Web3, AI, and blockchain for utility at the Convergence Stage.Nicolas Kokkalis joined a May 7 panel on proving human identity online without exposing personal data.Both sessions are timed to build momentum ahead of Pi Networks Protocol 23 launch, which activates on May 11.　　Pi Network co-founders Dr. Chengdiao Fan and Nicolas Kokkalis both appeared at Consensus 2026 in Miami this week, speaking to over 20,000 attendees including institutional investors and government representatives. Fan addressed the Convergence Stage on May 6, delivering a session titled “Aligning Web3, AI, and Blockchain for Utility,” while Kokkalis joined a May 7 panel called “How to Prove Youre Human in an AI World (Without Doxing Yourself).”　　The appearances are precisely timed. As crypto.news reported, Pi Networks Protocol 23 activates on May 11, four days after the conference closes, introducing full smart contract functionality to the Pi blockchain for the first time. The Consensus stage gives the co-founders maximum public visibility immediately before their most consequential technical upgrade.　　Identity and AI as Pis central argument　　Kokkaliss panel placed Pi Networks

05-06

Coinbase layoffs touch 14% as AI hits crypto firms hard - Details

He noted how engineers are delivering projects in days that previously took weeks; non-technical staff are also contributing to production-level code. Moreover, hiring will now focus on smaller, “AI-native” teams. This could mean just one individual handling multiple roles.　　In his company-wide letter, Armstrong assured that,　　The Coinbase that emerges from this will be more capable than ever to achieve our mission.　　In response to the news, Base creator Jesse Pollak also posted on X, stating,　　today we said goodbye to some talented people who helped build base. deeply grateful for everyones contributions　　Industry-wide AI-led job cuts rise　　Across tech and crypto, companies are reallocating capital toward automation.　　Notably, reduced its employee base by around 8,000 employees last month (roughly 10%). followed with buyouts impacting about 7% of its employees in the same period.　　Crypto firms are moving in the same direction as well. cut 15% of staff while making the move towards AI data centers. In February, Block Inc. laid off over 4,000 roles under Jack Dorsey, and in March, the Algorand Foundation reduced its workforce by 25%.　　Coinbase‘s affected employees will lose system access immediately, while U.S.-based staff are being offered at least 16 weeks’ pay, plus two additional weeks per year of service, equity vesting, and

05-06

The US 30-Year Treasury Yield Nears Two-Decade Level

Notably, rising Treasury yields carry crucial implications, including an imminent interest rate increase and a ripple effect that could trigger extreme market conditions. Therefore, analysts are beginning to air their views, some predicting the potential outcome of the current situation facing the US economy.　　Market data show that the yield briefly crossed 5.0% on Monday, reaching 5.03%, a level that acted as significant resistance for markets over the past two years. Meanwhile, it is crucial to note that a 5% yield makes government bonds attractive and leads investors to pull capital away from equities, while simultaneously raising borrowing costs for mortgages, corporate loans, and US government debt.　　A Fed Interest Rate Hike is Highly Probable　　Creative Planning‘s Chief Market Strategist, Charlie Bilello, highlighted the bond market’s latest trend, revealing that it is now pricing in a higher probability of a Fed rate hike of 37% by the end of the year, against a 3% chance of the Fed cutting interest rates. Most observers agree that the development in the bond market represents a fallout from the surging Treasury yield.　　It is worth noting that the 5% yield was tested twice recently—in late 2023 and early 2025. However, the resistance looks more likely to give

05-06

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