CLARITY Act Advances to Senate Markup Next Week
U.S. Senate Banking Committee to markup the CLARITY Act on May 14, aiming for clearer crypto regulations amid concerns over stablecoin yield provisions. #Update #Crypto $USDC
Crypto News
General category for all types of news related to the cryptocurrency world.
AGA Exodus Reshapes US Gambling Lobbying
The AGA faces challenges as 81% of gaming execs see prediction markets as a threat; Draftkings, Fanduel, Fanatics, and bet365 exit. Senate hearing on May 20. #Update #Legal
US Job Growth Surges Amid Workforce Decline
The US economy added 115,000 jobs in April, exceeding forecasts but showing slower growth than March. Unemployment steady at 4.3%. #Update #Market
IMF Warns of 30% Risk from AI Cyberattacks
The IMF warns that AI-driven cyberattacks, like those from Anthropic Mythos, threaten global financial stability by exploiting system vulnerabilities, emphasizing the need for resilience in financial systems. #Update #Crypto
OpenAI Launches GPT-5 Voice Models
OpenAI launched GPT-Realtime-2, GPT-Realtime-Translate, and GPT-Realtime-Whisper for real-time audio processing, boosting $BTC to $122K and $ETH to $4.3K amid AI market enthusiasm. #Update #Crypto $BTC
Euro Stablecoins Threaten Financial Stability
ECB President Christine Lagarde warns that euro-denominated stablecoins threaten financial stability, contrasting with Bundesbank’s Joachim Nagel’s support for them; European banks continue stablecoin projects despite concerns. #Update #Crypto $USDC
CLARITY Act Advances Markup Scheduled for May 14
The US CLARITY Act will be voted on by the Senate Banking Committee on Thursday, with industry leaders like @Coinbase expressing optimism about its potential to enhance regulatory clarity. #Update #Crypto $BTC
Intel Stock Surges on Apple Chip Deal
Intel and Apple reached a preliminary chip manufacturing deal, boosting Intel stock over 13% to $130.57, surpassing its dot-com era peak. #Update #Tech
Senate Banking Committee Launches Market Structure Hearing
The Senate Banking Committee will hold a markup hearing for the Digital Asset Market Clarity Act on May 14, addressing stablecoin yield concerns amid industry feedback. #Update #Crypto $USDC
XRP Adoption Crashes 2024 Highs
The XRP Network sees a significant drop in adoption and activity from its 2024 peak, indicating a potential shift in user engagement. #Update #Crypto $XRP
US Iran Talks Set for Islamabad
The probability of a US-Iran meeting by June 2026 is 25.1%, with potential talks in Islamabad next week not significantly altering market odds. #Update #Diplomacy
Forex Trading Revolutionized with 24/7 Perpetual Contracts
@BitMEX launches perpetual contracts for major forex pairs, enabling 24/7 trading with up to 100x leverage, allowing crypto as margin, and eliminating fiat deposits. #Update #Crypto
Pentagon Launches UFO Website with Declassified Files
The Trump administration launched a public website for declassified UAP files, marking a transparency effort involving multiple agencies. #Update #Government
Markets Fake Claims Tucker Carlson Amid Conflict
Bitcoin surged to $82,000 with $2B ETF inflows as investors shifted from gold amid ongoing Middle East tensions. Tucker Carlson criticized market behavior as “fake.” #Update #Crypto $BTC