Category: crypto

The CLARITY Act passed the Senate Banking Committee in a 15 to 9 vote, but faces obstacles before becoming law. It needs 60 Senate votes, an ethics provision, and reconciliation with the House version. Analysts are pessimistic, as Democrats may demand a conflict of interest amendment that Republicans oppose.

Solayer Pay launched a Visa card allowing users to spend USDC at merchants and ATMs worldwide on May 14. The card connects to a user’s Solayer Pay balance and can be used globally. Existing users can get the card for free, while new users pay a $20 activation fee.

Santiment observed a surge in Bitcoin social media euphoria after the Senate Banking Committee’s vote on the CLARITY Act. This led to a caution warning from the platform, as historical data suggests that markets tend to move in the opposite direction of extreme bullish sentiment. The bill still faces several steps before becoming law.

The main obstacle to the CLARITY Act reaching 60 Senate votes is the Trump ethics fight over crypto. The bill needs at least seven Democrats to cross the aisle, with a key demand being an ethics provision barring government officials from crypto dealings. The White House rejects singling out specific officeholders, leading to an impasse.

Christopher Harborne ranked sixth on the Sunday Times Rich List 2026 with an £18.2bn fortune from Tether. An investigation was launched into Nigel Farage for not declaring Harborne’s £5m gift. Harborne donated £22m to Reform UK, with a record £9m donation. Farage claimed the gift was for security and Brexit campaigning.

The crypto market lost $90.3 billion in value in an hour on May 16, with Bitcoin dropping to $77,678. PPI inflation data was 6% above forecast, ending rate-cut expectations and triggering a sell-off. BlackRock’s IBIT lost $136 million, while Bitcoin ETFs saw $290 million in outflows. 154,000 traders were liquidated, losing $696 million in the…

Visa and WeFi have partnered to pilot stablecoin-based payments in Europe, Asia, and Latin America. WeFi acts as an intermediary between DeFi and traditional payment systems, allowing self-custodied stablecoins to be used for everyday transactions. This collaboration expands Visa’s stablecoin program, aiming to integrate on-chain banking services into consumer financial products.

Visa partners with WeFi to pilot stablecoin-based payments and on-chain banking in Europe, Asia, and Latin America. WeFi acts as a bridge between DeFi and regulated payment systems. The collaboration aims to make self-custodied stablecoin balances usable with Visa. This expands Visa’s stablecoin program beyond back-end settlement to consumer-facing financial services.

Poland’s lower house has approved a cryptocurrency bill to align national regulations with the EU’s MiCA framework. The move comes after a multi-million dollar fraud investigation into local exchange Zondacrypto. The bill gives the Financial Supervision Authority clear powers over crypto service providers and introduces licensing and reporting obligations. President Nawrocki had previously vetoed similar…

Strategy is repurchasing $1.5 billion of its bonds with potential funding from Bitcoin sales. The firm plans to cancel the 2029 notes after settlement, leaving $1.5 billion outstanding. This move is part of a larger strategy to equitize the company’s $8.2 billion debt stack and reflects a significant shift in funding options.