Category: crypto

The bipartisan Senate Banking Committee vote on the CLARITY Act would create a dedicated legal framework for digital assets, separating SEC and CFTC oversight. This bill aims to end regulatory uncertainty in the crypto market, encouraging innovation and institutional participation. The next steps include reconciliation with the Agriculture Committee’s draft before full Senate approval.

Lombard, Kraken, and other DeFi protocols have switched from LayerZero to Chainlink CCIP, with over $4 billion in assets migrated. The move was prompted by a $292 million exploit on LayerZero. Chainlink CCIP offers enhanced security, certifications, and independent node operators. The industry-wide migration was driven by concerns over security and reliability.

Connex released 1.32 million CONX tokens worth $17.95 million on May 15 in a scheduled cliff unlock. This represents 1.49% of Connex’s total supply, with 822,500 tokens going to the ecosystem fund and 500,000 tokens to the community treasury. Such unlocks can impact market dynamics, but Connex’s structured approach contrasts with recent governance issues in…

CME Group and ICE have requested US regulators to investigate Hyperliquid for manipulation and sanctions risks. Hyperliquid’s HYPE token dropped 6% following reports. The platform is facing scrutiny for potential market distortion and insider coordination. Hyperliquid is expanding into synthetic markets, putting it in competition with regulated exchanges like CME and ICE.

Bitcoin fell to $78,600 on May 15 due to a surge in bond yields, hitting a 12-month high. The 10-year Treasury yield reached 4.54%, leading to a selloff in crypto and equities. Crypto-linked equities like Coinbase and Circle fell by 5-7%. The Fed rate hike probability surpassed 44%.

Myanmar’s military has proposed a draft bill that would impose life imprisonment for operators of digital currency scam centers. This bill, known as the Anti-Online Scam Bill, also allows for the death penalty for those using violence to force victims into scam work. The legislation is part of a broader regional effort to combat internet…

Revolut received approval from the FCA on May 14 to offer private wealth services and leveraged products in the UK. This allows them to provide managed investments and principal dealing for the first time. Revolut plans to launch a UK private banking unit with a £500,000 deposit threshold this summer.

The T3 Financial Crime Unit, supported by Tether, TRON, and TRM Labs, has frozen over $450 million in illicit USDT since its launch in 2024. The unit intercepted 43.9% more illicit funds in 2025, focusing on cases like drug trafficking and terrorist financing across 23 jurisdictions. It has been designated as a valuable resource by…

The Clarity Act passed the Senate Banking Committee in a 15 to 9 vote, causing Bitcoin to rise above $82,000 before settling at around $81,500. The bill aims to provide clarity in the crypto market structure. However, unresolved ethics provisions and a 60-vote threshold on the Senate floor still need to be addressed.

Cerebras IPO shares opened at $350 on the Nasdaq, nearly doubling from the $185 per-share price set the evening before. The AI chipmaker raised $5.55 billion, making it the largest US tech IPO since Uber’s debut. It carries a market capitalization above $100 billion, with OpenAI and Amazon Web Services as anchor customers.