Key Takeaways ICBA President Rebeca Romero Rainey warned Kraken’s OCC national trust charter application creates “interconnected risks” to financial stability. ABA CEO Rob Nichols urged bank CEOs on May 10, 2026, to contact senators before the Senate Banking Committee’s vote on the CLARITY Act. Banks warn that stablecoin yield features could drain community bank deposits, …
Monthly archives: May 2026
Bitcoin Holds Above $81,500 as $135M in Leveraged Crypto Positions Get Liquidated
Key Takeaways Bitcoin peaked at $82,458 on Sunday before retreating and consolidating under $82,000. Nearly $135 million in bitcoin positions were liquidated as Trump’s rejection of Iran’s deal flattened markets. Aramco CEO Amin Nasser warns that a blocked Strait of Hormuz could delay oil normalization until 2027. Bitcoin Battles Resistance Above $81,000 Bitcoin carried the …
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MultiBank Group’s crypto arm mb.io brings Ghana gold on-chain with Kings Orbis, EON3 & Mavryk
May 11th, 2026 – Dubai, U.A.E MultiBank Group’s crypto arm mb.io, brings African gold on-chain by partnering with Kings Orbis, EON3 Group, and Mavryk. Institutional gold tokenisation programme to be powered by mb.io RWA, with vaulting in Dubai under LBMA-approved custody, dedicated supply from EON3 Group, and Mavryk as the Layer 1 blockchain and RWA …
MoonPay makes prediction markets push with Dawn Labs buy, AI tool launch
Financial technology company MoonPay announced the launch of an AI technology tool for trading strategies on prediction markets following its acquisition of Dawn Labs for an undisclosed amount. MoonPay said Monday that it had launched Dawn CLI in an effort to facilitate trading strategies “in plain English,” citing activity on prediction market platforms like Polymarket …
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Bitcoin ‘golden cross’ appears for the first time since 2023: Will BTC price rally?
Bitcoin (BTC) could be set for an extended uptrend, with a pending bullish signal from a key valuation metric suggesting that BTC prices might go “much higher,” according to crypto analysts. Key takeaways: Bitcoin’s MVRV golden cross signals a shift to bullishness, historically preceding prolonged price rallies. Bitcoin traders argue $60,000 was the bear market …
Galaxy, Sharplink plan $125M institutional DeFi yield fund backed by ETH treasury
Digital asset company Galaxy and Ethereum treasury platform Sharplink will launch a private fund that will invest Ether in decentralized finance (DeFi) strategies, signaling growing institutional interest in earning onchain yield from crypto holdings. The proposed fund, called the Galaxy Sharplink Onchain Yield Fund, is expected to launch in the coming weeks with $125 million …
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Bitmine Slows Ether Buys After Acquiring 1M ETH in 2026
TLDR Bitmine reduced its weekly ether purchases after months of rapid accumulation in 2026. The company bought 26,659 ETH last week, worth about $63 million at current prices. Bitmine now holds more than 5.2 million ETH, which equals about 4.31% of Ethereum’s circulating supply. Tom Lee said the firm slowed buying as it approached its …
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Ronin Schedules Upgrade to Become Ethereum Layer 2
TLDR Ronin will migrate from an independent sidechain to an Ethereum layer 2 on May 12. The network will execute a hard fork at block 55,577,490 and pause activity for about 10 hours. Ronin said all transfers, swaps, and smart contract interactions will stop during the downtime. The upgrade will introduce a Proof of Distribution …
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CLARITY Act Markup Raises Stakes in Stablecoin Banking Clash
Key Takeaways Senator Moreno criticized banks for intensifying opposition before a Senate stablecoin legislation session. Stablecoin supporters say the bill could expand competition and improve customer yields. Lawmakers are set to consider whether the CLARITY Act advances through committee action. US Senator Blasts Bank Pushback on Stablecoin Bill Senator Bernie Moreno (R-Ohio), a member of …
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Report: Canton Network Developer Digital Asset Seeks $300M From A16z Crypto
Key Takeaways A16z crypto leads a ~$300 million round at Digital Asset Holdings, valuing the company at ~$2 billion, per Bloomberg. Canton Network has processed over $6 trillion in tokenized assets, drawing Visa, DTCC, and Goldman Sachs as institutional validators. Digital Asset plans to use fresh capital to scale the Canton Network ecosystem as the …
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Crypto Funds Pull In $857.9M Last Week as CLARITY Act Markup Lifts
Key Takeaways Crypto funds saw $857.9M in weekly inflows, with bitcoin leading at $706.1M, per Coinshares. Senate Banking Committee CLARITY Act markup is set for May 14; a floor vote is targeted for June or July. CLARITY Act delays earlier caused a $952M single-week outflow; last week’s reversal shows restored confidence. CLARITY Act Momentum Flips …
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Ripple Prime Lands $200 Million Credit Facility to Scale Institutional Margin Capabilities
Key Takeaways Neuberger Berman gave Ripple Prime $200M to boost market liquidity and expand margin availability. Ripple Prime aims to beat competitors by offering a unified credit line for crypto and equity markets. Following its $1.25B Hidden Road buyout, Ripple Prime seeks to leverage the regulatory push for crypto expansion. Ripple Prime Taps $200 Million …
Circle Q1 Revenue Rises as USDC Transaction Volume Jumps 263%
Key Takeaways Circle revenue rose 20% as USDC transaction volume jumped 263% year over year. Reserve income reached $653 million, supported by higher average USDC circulation. Arc-related activity, AI tools, and payments integrations could shape future revenue streams. USDC Growth Drives Circle Revenue and Reserve Income Circle Internet Group Inc. (NYSE: CRCL) announced on May …
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Circle Pulls $222 Million From Blackrock and A16z to Launch Arc Blockchain at $3B Valuation
Key Takeaways Circle raises $222 million in an ARC token presale at a $3 billion FDV, with A16z leading at $75 million. Blackrock, Apollo, and ICE join the round, signaling TradFi’s deepening bet on stablecoin-native blockchain infrastructure. Arc mainnet beta targets 2026, with a PoS transition deadline of May 8, 2028, or when investors trigger …
Strategy Adds 535 BTC for $43M, Saylor Pushes Total Holdings to 818,869 Bitcoin
Key Takeaways Strategy acquired 535 BTC for $43 million at $80,340 per coin as of May 10, 2026. Saylor’s firm now holds 818,869 BTC with a total cost basis of $61.86 billion via MSTR and STRC. Strategy’s 9.4% BTC Yield YTD in 2026 signals continued per-share accumulation into Q3. Michael Saylor’s Strategy Adds 535 Bitcoin …
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