The US CLARITY Act, which aims to provide the US crypto industry with greater regulatory clarity, is set to be voted on by the Senate Banking Committee on Thursday. On Friday, Senate Banking Committee chair Tim Scott confirmed the legislation will go to a vote on Thursday, triggering a strong reaction across the crypto industry,…
Key takeaways: A weakening US dollar and higher government debt favor scarce assets, even as spot Bitcoin ETF outflows and low retail demand spark some concern. Traders expect Kevin Warsh to become Fed Chair, which could benefit Bitcoin. Bitcoin (BTC) stagnated near $80,000 on Friday following a rejection at $82,500. Traders grew anxious after US-listed…
Earlier in 2026, as a digital asset market structure bill was under consideration in the US Senate, cryptocurrency exchanges Coinbase, Kraken and Gemini reportedly pressed to remove language in the legislation that could have affected their token listings. According to a Friday Politico report, the three exchanges asked US lawmakers to scrap a provision in…
A campaign to require the Swiss National Bank to hold Bitcoin is set to lapse after failing to gather enough signatures to trigger a national referendum, Reuters reported. The initiative sought to amend Switzerland’s constitution to require the central bank to hold Bitcoin (BTC) alongside gold and foreign currency assets, but organizers said they collected…
Estonia’s Financial Supervision and Resolution Authority (FSA), the country’s financial regulator, issued an investor warning for BB Trade Estonia OÜ, the company that operates the Zondacrypto digital asset exchange. The FSA said the company did not have a white paper listed on its website for the “TeamPL” crypto token listed on the crypto exchange, a…
In brief Top banking groups say the new Clarity Act language leaves loopholes regarding stablecoin yield. The compromise would ban direct yield on stablecoins but still allow some rewards tied to account balances. The banks’ statement comes as senators prepare for a long-delayed committee vote on the Clarity Act. A coalition of the nation’s top…
Latest NewsPublishedMay 8, 2026 The US banking regulator has already approved similar charter applications for Coinbase, Ripple Labs, BitGo, Circle, Fidelity Digital Assets and Paxos. Payward, the parent company of cryptocurrency exchange Kraken, announced that it had filed an application with the US Office of the Comptroller of the Currency (OCC) for a national trust…
In brief Shares in TeraWulf (WULF) fell on the day after the firm reported a $446 million loss in Q1. The firm reported revenues of $34 million, 60% of which are now attributed to its expansion into AI HPC. Meanwhile its Bitcoin mining revenues fell 50% quarter-over-quarter to around $13 million. Shares in publicly traded…
In brief Apple and Intel reached a preliminary chip manufacturing agreement after more than a year of negotiations, per The Wall Street Journal. Intel stock hit an intraday high of $130.57 on May 8, 2026, surpassing the dot-com era peak of $74.88 from August 2000 by roughly 74%. President Trump personally lobbied Tim Cook for…
Massachusetts Senator Elizabeth Warren called on Meta CEO Mark Zuckerberg to answer questions about the company’s stablecoin integration in 2026, signaling concerns about guardrails. In a Wednesday letter to Zuckerberg, Warren said Meta’s lack of transparency regarding its stablecoin was “deeply troubling,” given the company’s previous plans to roll out Libra, a global stablecoin proposed…