SEC Scrutinizes CLARITY Act in Senate
Senate Democrats criticize the CLARITY Act, warning it may leave DeFi, Tornado Cash, and stablecoin finance vulnerabilities unresolved. @SenWarren files 44 amendments. #Update #Crypto
Wells Fargo Stock Pick Surges Amid Restructuring
Wells Fargo analyst Mike Mayo names Citigroup (C) as his top stock pick, citing a significant transformation under CEO Jane Fraser’s leadership and strong revenue growth despite restructuring. #Update #Finance $C
China Considers $1T Trump Investment Deal
China’s reported $1 trillion US investment offer sparks security concerns among conservatives, potentially impacting blockchain and digital assets. White House denies claims. #Update #Legal
USDC Launches on Hyperliquid by Coinbase
@Coinbase becomes the official issuer of $USDC on the Hyperliquid network, enhancing market efficiency. Users can convert USDH to $USDC or fiat without fees during the transition. #Update #Crypto $USDC
CLARITY Gains Support from Senate Banking Committee
The US Senate Banking Committee will mark up the CLARITY Act on May 14, showing at least nominal bipartisan support for cryptocurrency regulation. #Update #Legal
Senate Banking Committee Advances Clarity Act
The Senate Banking Committee is set to mark up the Digital Asset Market Clarity Act today, with a vote on proposed amendments and potential advancement to the full Senate. #Update #Crypto $USDT
Tether Billionaire’s $6.7M Gift Probed
U.K. MP Nigel Farage is under investigation for not declaring a £5M gift from Christopher Harborne, a major investor in $USDT, raising potential legal issues.
Ethereum Trade Surges from $120 to $900K
An early Ethereum investor moved 400 $ETH, worth $900K, after a decade of dormancy, depositing 350 ETH to Bitstamp. Original $120 investment now yields over 7,500x return. #Update #Crypto $ETH
Coinbase Secures USDC Deployer Role
Coinbase becomes USDC treasury deployer on Hyperliquid as USDH sunsets; USDC supply grows to $5B, doubling year-over-year. #Update #Crypto $USDC
Israel Lebanon Launch Peace Talks in Washington
Israel and Lebanon begin peace talks in Washington amid ceasefire uncertainty, impacting market expectations with a significant drop in May 14 support from 46% to 4%. #Update #Legal
Fidelity BlackRock Tokenized Funds Earn Top Rating
@Fidelity and @BlackRock’s tokenized money market funds, FILQ and BUIDL, received an Aaa-mf rating from Moody’s, indicating low risk and high redemption assurance. #Update #Crypto $FILQ $BUIDL
XRP ETF Holder Marex Group Surges to Third
@MarexGroup has become the 3rd-largest XRP ETF holder, as revealed in a recent SEC filing. The firm also expanded its crypto holdings and increased its stake in Strategy (MSTR) stocks. #Breaking #Crypto $XRP
Bitcoin Price Levels Surge Ahead of CLARITY Vote
Bitcoin ($BTC) attempts to reclaim $80,000 ahead of the CLARITY Act vote, with a 67% chance of it passing by 2026; key support at $78,000-$79,000 for bullish momentum. #Update #Crypto $BTC
SATA Launches as First U.S. Daily Dividend Security
@Strive’s SATA will begin paying cash dividends daily from June 16, marking a first in U.S. securities history. The company holds 15,009 $BTC and ranks ninth globally by bitcoin treasury. #Update #Crypto $BTC