Category: crypto

The Senate released a 309-page bill text for the CLARITY Act, with a markup scheduled for May 14. Coinbase CEO Brian Armstrong said banks received their must-haves in the bill. Five major banking groups rejected a stablecoin yield compromise. The bill aims to clarify which digital assets fall under the SEC or CFTC.

Galaxy Digital and SharpLink have launched the Galaxy SharpLink Onchain Yield Fund with $125 million to invest in DeFi protocols. SharpLink will contribute $100 million from its staked ETH treasury, and Galaxy Digital will add $25 million. The fund aims to generate returns above the average Ethereum staking rate while maintaining SharpLink’s core ETH exposure.

Ethereum whale Garrett Jin transferred 577,896 ETH worth $1.35 billion to Binance over four days, causing concerns about potential selling pressure. He originally swapped Bitcoin for ETH at a higher price, now facing $1.3 billion in unrealized losses. Total Ethereum exchange reserves have increased, with Binance holding a significant portion. Market analysts are monitoring the…

The Ronin L2 migration was completed on May 12, ending its four-year tenure as a sidechain with a 10-hour network shutdown. The hard fork transitioned Ronin to an OP Stack Ethereum Layer 2, reducing RON token inflation, changing the Proof of Distribution model, and increasing marketplace fees. The migration addressed security concerns and centralized governance,…

SKYAI surged 44% to become the top gainer among the top 100 cryptocurrencies, while ONDO dropped 10%, indicating a shift from RWA and yield infra tokens to AI-adjacent tokens. This rotation trend reflects a broader dynamic in the mid-cap crypto market. AI-themed tokens like SKYAI are attracting significant interest due to the agentic AI narrative.

Banque de France deputy governor Denis Beau is urging European players to develop euro-based stablecoins to counter the dominance of dollar-pegged stablecoins. This goes against ECB president Christine Lagarde’s approach of waiting for a central bank digital euro by 2029. Beau believes private-sector solutions are needed now to prevent “digital dollarisation” in European payment infrastructure.

A binding Arbitrum Improvement Proposal launched on May 12 aims to transfer 30,765 ETH worth $71 million to Aave LLC as part of the Kelp exploit recovery. A Manhattan federal judge cleared the transfer, but terrorism creditors holding $877 million in unpaid North Korea judgments retain a legal claim on the funds.

MARA Holdings sold $1.5 billion in bitcoin in Q1 2026, becoming the fourth largest public BTC holder. The company used $1.1 billion to repurchase convertible notes. MARA now focuses on digital infrastructure, converting energy into high-value compute workloads. They are also acquiring Long Ridge Energy and Power for AI data center buildout.

Payward, the parent company of Kraken, has partnered with Franklin Templeton to tokenize financial products for distribution on Kraken’s platform. This includes integrating the BENJI tokenized money market fund as collateral and cash management, allowing clients to earn yield on idle dollars on-chain. This partnership signals Franklin Templeton’s deepening involvement in the crypto space and…

Bitcoin analyst Matt Mena from 21Shares believes that Bitcoin’s resistance to selling off despite high inflation data indicates that inflation is already factored into the market. He predicts a potential push towards $90,000 following the CLARITY Act vote. Bitcoin is currently trading around $82,010, with $80,000 seen as a significant support level.