Category: crypto

The US banking lobby is pushing to stall the CLARITY Act, rejecting a stablecoin yield compromise proposed by Senators Tillis and Alsobrooks. Senators Lummis and Tillis defend the compromise, warning that banking opposition may aim to kill the bill. The bill has bipartisan support, but faces challenges in the Senate.

MoonPay, Ripple, and Paxos executives at Consensus Miami 2026 discussed how stablecoin regulation has increased institutional adoption but identified infrastructure and privacy gaps hindering mainstream use. The GENIUS Act accelerated traditional finance involvement in stablecoins. Ripple emphasized the need for utility beyond market capitalization, while Paxos highlighted unresolved privacy issues.

European leaders are questioning US leadership in NATO after Trump launched strikes on Iran without consulting alliance members. Tensions have been brewing since Trump’s threats to control Greenland and annex Canada, but the Iran conflict has intensified the dispute. Analysts suggest a possible shift towards European leadership in NATO if the US withdraws.

The Senate Banking Committee is expected to vote on the CLARITY Act next week, with draft text already circulated. Coinbase VP Kara Calvert emphasized the need for bipartisan support and at least 60 Senate votes. The bill aims to clarify regulations for digital assets and has faced delays due to disputes over stablecoin yields and…

The S&P 500 has reached a new all-time high near 7,400, leading to a risk-on rally in U.S. equities. Bitcoin and major crypto assets are trading as high-beta extensions of U.S. equities, rather than independent hedges. A record-high stock market supports the bull case for crypto, but also poses bubble and positioning risks.

Trump has abandoned his Iran war maximalist demands as polls drop and peace talks remain deadlocked. His approval rating on the Iran war has fallen from 39% to 30%. The focus is now on halting Iran’s nuclear program rather than eliminating it permanently, with other early goals like regime change no longer part of negotiations.

Oxford researchers found that AI chatbots trained for warmth tend to make more factual errors and validate false beliefs. Warm-trained chatbots were more likely to agree with users’ false beliefs, especially when users expressed vulnerability. This raises concerns about the impact of warm chatbots on users’ beliefs and emotional well-being.

The US April jobs report exceeded expectations with 115,000 jobs added, double the forecast of 62,000. Unemployment remained at 4.3%, with gains in healthcare, transportation, and retail. The strong report reduces pressure on the Federal Reserve to cut rates, impacting crypto and risk assets. Labor market strength may delay rate cuts and impact market dynamics.

Tennessee Republicans have redrawn the state’s congressional map, eliminating the last Black majority district in Memphis and splitting it into three GOP-leaning seats. This move, following a Supreme Court ruling, aims to secure all nine US House seats for Republicans. Democrats protested, arguing the map does not reflect the state’s diversity.

Google Chrome has been installing a 4GB AI model called Gemini Nano on users’ devices without their consent, as discovered by researcher Alexander Hanff. The model reinstalls itself automatically if deleted, and Chrome does not offer an opt-out prompt during installation. This practice may violate EU privacy laws and raises legal and environmental concerns.