Crypto
AI Summary
- The CLARITY Act is making significant progress in the US Congress, with a markup session scheduled, signaling a potential legislative boost for the crypto industry, particularly concerning stablecoins, despite some banking industry concerns about regulatory evasion.
- Bitcoin's price action has been volatile, experiencing outflows from ETFs and nearing potential profit-taking levels around $80K, influenced by macroeconomic factors like US jobs data and broader market sentiment, while analysts eye key support levels.
- AI continues to be a major theme in crypto, driving innovation in areas like stablecoin payments and hackathons, but also contributing to job cuts, as companies like TeraWulf see AI compute revenue outpace Bitcoin mining.
- Regulatory scrutiny remains high globally, with the ECB's Lagarde expressing caution on stablecoins, Estonia's FSA issuing warnings, and US Senators questioning Meta on its stablecoin plans, alongside ongoing legal cases involving North Korea-linked hacks.
- Kraken's parent company, Payward, is pursuing a national trust bank charter from the OCC, indicating a broader trend of crypto firms seeking traditional banking licenses to integrate further into the financial system, further highlighted by Kraken's acquisition of a stablecoin firm.
Sources
Cointelegraph
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CLARITY Act sees ‘big step forward’ as markup set for May 14
4 hours ago
by Cointelegraph by Ciaran Lyons
Latest NewsCoinbase chief policy officer Faryar Shirzad said the date is a “big step forward” and is essential for supporting innovation in the US.
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Bitcoin stalls as BTC ETF outflows hit $268M: Will new Fed chair restore the rally?
6 hours ago
by Cointelegraph by Marcel Pechman
MarketsRising Bitcoin ETF outflows and liquidations signal short-term caution, but a weak DXY and the eventual appointment of a new Fed chair could resume the rally.
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Crypto exchanges pushed US lawmakers to bar provision on risky tokens: Report
8 hours ago
by Cointelegraph by Turner Wright
Latest NewsThree companies reportedly pressed US senators for changes to a crypto bill, removing language that would require them to offer trading on tokens “not readily susceptible to manipulation.”
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Estonia's FSA issues investor warning about Zondacrypto
9 hours ago
by Cointelegraph by Vince Quill
Latest NewsThe news follows an investigation into the crypto exchange by Polish law enforcement officials and reports of customer withdrawal issues.
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Swiss Bitcoin reserve campaign set to lapse after failing to gather signatures
9 hours ago
by Cointelegraph by Nate Kostar
Latest NewsOrganizers failed to collect enough signatures to trigger a referendum that would have required the Swiss National Bank to hold Bitcoin in its reserves.
CoinDesk
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Judge clears path for Aave to move $71 million in ETH linked to North Korea hack
2 hours ago
by Sam Reynolds
Policy, Ethereum News, NewsJudge Margaret Garnett allowed frozen exploit funds on Arbitrum to move to Aave, but the legal freeze follows the assets as terrorism plaintiffs continue their claim.
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Senate Banking Committee plans to hold key market structure hearing on Thursday
7 hours ago
by Nikhilesh De
Policy, Clarity Act, Market Structure Legislation, Breaking News, NewsThe Senate Banking Committee announced it would hold its markup hearing for the Clarity Act on March 14.
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Coinbase rebounds as altcoins surge with bitcoin holding above $80,000
9 hours ago
by Krisztian Sandor
Markets, Bitcoin News, Coinbase, NewsTokenization and digital asset-infrastructure stocks climbed as SEC Chair Paul Atkins signaled support for onchain finance rules.
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AI agents fueled a frenzy of startup building at the Consensus Miami EasyA hackathon
11 hours ago
by Margaux Nijkerk
Tech, Consensus Miami 2026, NewsNearly 1,000 developers competed at the venue, from ecosystems like Base, Solana, and others arriving from companies like Microsoft and Google, most racing to build products around the theme of AI agents.
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SEC chair Atkins signals new rules for onchain markets, AI-driven finance
12 hours ago
by Krisztian Sandor
Policy, SEC, NewsThe SEC chair linked the rise of AI-powered financial systems with growing demand for blockchain-based market infrastructure and automated settlement.
Decrypt
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Banking Industry Says Clarity Act Stablecoin Proposal Would Enable 'Evasion'
8 hours ago
by Sander Lutz
Law and OrderSenators had hoped the issue, which has plagued crypto legislation for months, had been put to bed with a proposed compromise last week.
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TeraWulf's AI Compute Revenue Outpaces Bitcoin Mining Amid $427 Million Loss
10 hours ago
by Logan Hitchcock
MarketsPublicly traded Bitcoin miner and data center operator TeraWulf reported a hefty net loss in Q1 as its AI revenue took over from BTC.
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Intel Stock Hits All-Time High After Preliminary Chip Deal With Apple
10 hours ago
by Jose Antonio Lanz
BusinessA preliminary Apple-Intel manufacturing agreement—backed by a White House push—sent Intel stock above $130 on Friday.
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Elizabeth Warren Wants Meta to Spill All on Stablecoin Plans Ahead of Clarity Act Votes
11 hours ago
by Sander Lutz
Law and OrderThe Senate Democrat said Meta’s reported plans to partner with a third-party stablecoin issuer could undermine “competition, privacy… and financial stability.”
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Will Strategy Sell Bitcoin This Year? Traders Are Convinced After Saylor Comments
11 hours ago
by Logan Hitchcock
MarketsUsers of Myriad's prediction market believe it's likely Strategy will part ways with some of its Bitcoin holdings this year.
AMBCrypto
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Will WLFI’s price action sustain uptrend after passage of latest governance proposal?
2 hours ago
by Lennox Gitonga
Altcoin, News, Social, Trading ViewWLFI saw its fortunes change, at least for a while, on the price charts.
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Starknet eyes bigger rally after 13% surge – But can STRK clear THIS level first?
3 hours ago
by Olayiwola Dolapo
Altcoin, News, News 1, Social, Trading ViewSTRK has posted a major upside move that could mark the beginning of a broader rally.
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U.S. Treasury pressures Binance over 2023 agreement: Serious risk or routine regulatory follow-up?
5 hours ago
by Ritika Gupta
Altcoin, Binance, Global News, News, News 1, Social, Trading View, ambcryptoChainalysis data deepens concerns over growing sanctions scrutiny on Binance.
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LayerZero concedes 1/1 DVN mistake as Chainlink gains from bridge security fears
7 hours ago
by Adewale Olarinde
DeFi, News, News 1, Social, Trading ViewLayerZero apologized for its handling of the rsETH exploit fallout and admitted its 1/1 DVN model created security risks for high-value applications.
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Understanding SkyAI’s 30% price correction and the next steps for traders
7 hours ago
by Akashnath S
Altcoin, Analysis, HideCryptopanic, News, Social, Trading View, ambcryptoCurrent pullback might fall below $0.466, but the trend remains bullish.