CLARITY Act Draft Circulates Ahead of Potential Senate Vote, Report

Key Takeaways Senate Banking leaders reportedly circulated the CLARITY Act draft text before a potential Thursday committee vote. Unresolved bracketed sections, ethics language, and stablecoin rewards remain key sticking points. Polling found 52% of voters support the CLARITY Act after a neutral description. Senate Banking Draft Moves Toward Thursday Committee Vote The Senate Banking Committee …

Eric Trump at Consensus 2026: Why Big Finance’s Crypto Shift is Just the Beginning

Key Takeaways At Consensus 2026, Eric Trump praised an 18-month crypto boom, predicting massive future market growth. Showing impact, JPMorgan now lets clients secure home mortgages using their bitcoin as collateral. Trump’s crypto allegiance comes after he discovered crypto while the Trump business was being debanked. Eric Trump Predicts Explosive Growth of the Crypto Market …

Bitcoin Drops Below $80K as Iran Rejects Trump Deal and Traders Dump $91M in Longs

Key Takeaways Bitcoin fell below $80,000 on May 7, erasing weekly gains after hitting a high of $82,833. Volatility triggered $270 million in liquidations and pulled the crypto market cap to $2.74 trillion. Concerns mount that President Trump may pivot to a hot war as Tehran rejects the latest U.S. proposal. The Iran Peace Deal …

Coinbase Gives Amazon Bedrock Agents Wallet Tools With USDC Settlement

Key Takeaways Coinbase integrated x402 and wallet infrastructure into Amazon Bedrock Agentcore Payments for AWS developers. Agent payments include spending limits, compliance checks and transaction visibility. Developers may connect agents to x402 services for search, data, evaluations, and backend setup. Coinbase Gives Amazon Bedrock Agents Wallet Capabilities Crypto exchange Coinbase (Nasdaq: COIN) announced on May …

Bitcoin falls under $80K but four-month high in weekly BTC ETF inflows may curb selling

Bitcoin (BTC) price dropped to $79,800 on Thursday after being rejected at a key dynamic resistance level. The pullback occurred despite the weekly spot Bitcoin exchange-traded fund (ETF) inflows surging past $1 billion for the first time since January, but technical data suggests the correction may be short-lived.  Bearish divergences point to where BTC price …

Kalshi see valuation double to $22B after $1B raise as prediction markets boom

Prediction marketplace Kalshi has reached a $22 billion valuation after closing a $1 billion Series F funding round, underscoring growing venture capital appetite for prediction markets amid surging retail adoption. The new valuation doubles Kalshi’s worth from just five months ago. The funding round was led by Coatue Management, with participation from Andreessen Horowitz, Sequoia …

Samson Mow defends Strategy selling portions of its Bitcoin treasury

Michael Saylor’s comment this week that Strategy might sell portions of its Bitcoin holdings, is a decision that gives the BTC treasury company Strategy, optionality, according to BTC advocate Samson Mow. “Never selling limits optionality. Public markets are war. In war, you need all available tools at your disposal,” Mow said after company co-founder Saylor’s …

Crypto Polo Cup returns for its fourth edition in Palm Beach during Consensus Miami week

Palm Beach, Florida, May 7, 2026 – Hosted by Luna PR, the fourth edition of the Crypto Polo Cup (CPC) will take place on May 9, 2026, at the Santa Clara Polo Club, alongside Consensus Miami. The invite-only event will bring together institutional leaders, founders, and investors across the digital asset and financial sectors. Since …

South Korea Pushes 22% Crypto Tax on Gains Above $1,850 Starting in January

Key Takeaways Moon Kyung-ho of the Finance Ministry confirmed virtual asset taxation will begin on Jan. 1 next year. Over 13.26 million investors face a 22% tax on virtual asset gains exceeding 2.5 million won. The NTS is drafting final notices, with major exchanges like Upbit and Bithumb to be released in 2026. Official Stance …

21shares Launches First US Canton Network ETF on Nasdaq

Key Takeaways 21shares launched TCAN on Nasdaq with direct exposure to Canton Coin. U.S. investors gain regulated access to Canton’s privacy-enabled blockchain infrastructure. Validator participation extends 21shares’ role across Canton Network operations. 21shares Brings Canton Network Exposure to US ETF Investors 21shares announced on May 7 the launch of the 21shares Canton Network ETF (Nasdaq: …

Bitwise Enters Tokenized Fund Market With $278M USCC Takeover

Key Takeaways Bitwise will assume management of USCC, a tokenized crypto carry fund with $277.8 million in assets. USCC seeks yield from cash-and-carry trades involving BTC, ETH, XRP, and SOL futures markets. Fund holdings also include crypto-related positions, futures contracts, collateral assets, and U.S. Treasury securities. Bitwise Enters Tokenized Funds With USCC Management Shift Bitwise …

DOJ, CFTC Probe $2.6B Oil Trades Before Trump and Iran Statements: Report

Key Takeaways Federal investigators are examining oil futures trades totaling more than $2.6 billion. Large bets preceded Iran-related updates that appeared to move global oil prices. Authorities are reviewing whether nonpublic information influenced the timing and scale. DOJ and CFTC Probe Oil Futures Bets Before Iran Updates The Department of Justice (DOJ) and Commodity Futures …

The Alchemy Chain Mainnet is Live

PRESS RELEASE. Alchemy Pay today announced the launch of the Alchemy Chain mainnet, marking a major milestone in its evolution toward building a globally compliant stablecoin payment network. The network is positioned as the world’s first payment blockchain to align with both European Union MiCA and Hong Kong HKMA regulatory frameworks, with plans to natively …

‘Fully Invested’: Bollinger Bands Creator Officially Calls a New Bitcoin Bull Market

Key Takeaways John Bollinger made his first bullish call since 2025, fully investing in Bitcoin to ride the next market breakout. Following a 30-day rally, Tom Lee echoed this shift, predicting that a Bitcoin spring is the next market phase. Defying April tensions, Bitcoin topped $80K, prompting Bollinger to predict further near-term market gains. Bollinger …

Core Scientific Buys Polaris Bitcoin Mine for $421M Oklahoma AI Power Expansion

This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides news, data, and insights on the energy–compute–markets nexus. The company said Tuesday it plans to scale its Muskogee, Oklahoma campus to roughly 1.5 gigawatts of gross power, or about 1 gigawatt of …

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