Latest Crypto News & Market Updates

CLARITY Act Markup Urgency Grows As Senate Leadership Battle Heats Up

In addition, Thorn warned, “if Sherrod doesnt win the Ohio senate race but dems take Senate, Elizabeth Warren will lead senate banking.” Currently, Polymarket odds show a 50-50 chance of winning for both sides.　　If anti-crypto Warren takes the Senate Banking Committee leadership, the CLARITY Act could be scrapped off the priority list. Hence, experts believe a markup is extremely necessary at this point. Hence, Senator Thom Tillis is advocating for a schedule after Congress returns from May recess.　　Approval Odds Rise Amid Stablecoin Yield Text　　According to Polymarket data, the likelihood of the CLARITY Act approval soared to as high as 69%, the highest level in weeks. Thereafter it settled in the 63-65% range. The increase is an indication that traders are regaining confidence that lawmakers might be on the verge of reaching consensus on important provisions.　　This coincides with an update in the Senate Banking Committee where Chairman Tim Scott reported the legislation entering a decisive phase. He claimed that the CLARITY Act has entered the so-called red zone. It means that the bill is in the process of entering a critical point of markup that is projected to occur no later than May 2026.　　The biggest advancement was made after legislators came

05-05Industry

Chainlink price gains 3% as Consensus opens

Chainlink price rose 3% on May 4, its biggest single-day gain in two weeks, as Consensus 2026 opened.LINK climbed alongside Bitcoins return above $80,000, with the broader risk-on session lifting infrastructure tokens across the board on May 4.Chainlinks CCIP cross-chain protocol averaged $90 million in weekly token transfers in recent months, providing a fundamental backdrop for the price move.LINK had been trading in a tight range between $8.70 and $9.58 for most of April, making May 4s move its most decisive session in two weeks.　　LINK rose alongside Bitcoin‘s $80,000 reclaim and the Consensus 2026 conference opening in Miami on May 4. As crypto.news reported, LINK had been consolidating near $9.23 with its RSI at 42.31, just below all three major moving averages, making May 4’s gain a breakout from a month-long stagnation period.　　Exchange outflow data from Santiment had already flagged 970,430 tokens leaving centralized exchanges on April 27, the highest single-day outflow since December 2025.　　The price move put LINK at approximately $9.39, with $9.50 remaining the near-term technical resistance analysts had identified as the level needed to confirm a directional shift. The $10 level represents the larger resistance that would require sustained institutional follow-through to clear.　　Chainlinks infrastructure build as a

05-05Industry

ADA Price Prediction: Dead Cat Bounce or Real Rally? $0.30 by June Looking Unlikely

The Immediate Setup　　ADA is painting a textbook consolidation pattern at $0.25, trapped between psychological resistance and its own technical indecision. The 1.32% daily bump barely registers as noise when you‘re dealing with $0.01 daily volatility. What’s telling is how price action has flatlined across all major moving averages – the 7, 20, and 50-day SMAs are essentially stacked on top of each other at $0.25. This convergence screams that somethings got to give, and soon.　　The RSI sitting at 52.70 confirms we‘re in no-man’s land. Neither bulls nor bears have conviction here, but that MACD histogram flatlining at zero with a bearish signal crossover tells me the path of least resistance remains down. When momentum indicators can‘t even generate a decent signal in either direction, you’re looking at a market thats lost its narrative.　　Key Levels Exposed　　The technical picture reveals ADA‘s uncomfortable truth: it’s sitting 30% below its 200-day moving average at $0.36, a glaring reminder of how far this token has fallen from institutional favor. The Bollinger Bands are pinching tight with price trading at 0.70 position – close enough to the upper band to suggest limited upside runway without a volume catalyst.　　Resistance at $0.26 has proven sticky, coinciding perfectly with

05-05Industry

XRP News Today: Gulf Nations Question US Loyalty and Analysts Examine What That Means for XRP

The post XRP News Today: Gulf Nations Question US Loyalty and Analysts Examine What That Means for XRP appeared first on Coinpedia Fintech News　　The petrodollar arrangement that has underpinned global finance for decades is under more pressure than at any point in recent memory, and the Iran war is accelerating a shift that experts say began years earlier.　　Gulf nations are openly questioning whether Washingtons security guarantees extend to them or exclusively to Israel. The UAE has left OPEC. And Iran is now reportedly charging tolls to pass through the Strait of Hormuz, demanding payment in cryptocurrency rather than dollars.　　The Financial Times reported that Iran initially sought $2 million per vessel, with a more recent figure of $1 per barrel of oil, payable in the cryptocurrency equivalent. The specific token was not named. Analysts have noted it could be Bitcoin, Tether, or any number of assets including XRP.　　Where XRP Enters the Conversation　　The breakdown of dollar-denominated oil trade is forcing a fundamental question: what replaces SWIFT and correspondent banking in a multipolar world where nations no longer trust each other‘s financial systems and cannot trust each other’s banks？　　Analysts following the XRP ledger argue it is structurally positioned to answer that question. The

05-05Industry

CLARITY Act stablecoin deal shifts investor mood

ZeroStack CEO Daniel Reis-Faria says the CLARITY Act stablecoin deal reduces investor uncertainty but has not resolved institutional hesitation yet.Senators Tillis and Alsobrooks reached a CLARITY Act yield compromise on May 1, banning passive stablecoin yield and preserving activity-based rewards.Polymarket odds of the CLARITY Act passing in 2026 jumped from 46% to 64% hours after the stablecoin deal landed.Reis-Faria says larger investors will still hold back until implementation rules are fully in place, not just agreed in principle.　　The stablecoin deal was finalised on May 1 by Senators Thom Tillis and Angela Alsobrooks, drawing a clear line: crypto platforms cannot pay interest on stablecoins in any way that functions like a bank deposit. Activity-based rewards tied to payments and platform use are still permitted.　　As crypto.news reported, the Senate Banking Committee is now targeting a markup during the week of May 11, with a Senate floor vote targeted before the May 21 Memorial Day recess.　　“With lawmakers getting closer to a deal on stablecoin rules, that takes away one of the bigger reasons investors have been holding back,” said Daniel Reis-Faria, CEO of ZeroStack.　　The institutional hesitation that remains　　But Reis-Faria stopped short of calling this a turning point. “Right now, it‘s not the rules

05-05Industry

BTC, GME news: GameStop eBay bid puts $368M bitcoin stashs future in question

GameStop (GME) is aiming for a major expansion with a proposed $55.5 billion acquisition of online marketplace eBay (EBAY), raising fresh questions about whether its bitcoin holdings could help fund the deal.　　The video game retailer, which holds about $368 million worth of BTC, submitted a non-binding offer Sunday to buy eBay for $125 per share in cash and stock. The bid represents a 46% premium to eBays share price in early February, when GameStop began building a position. The company said it now holds a 5% economic stake through shares and derivatives.　　A deal of this size would likely require significant cash. GameStop said it expects to fund the offer using its $9.4 billion of “cash and liquid investments” on its balance sheet and up to $20 billion in financing, backed by a letter from TD Securities.　　Will GameStop sell BTC？　　That raises fresh questions about whether GameStop will sell its BTC to help pay for the deal.　　The acquisition plan follows earlier remarks from CEO Ryan Cohen, who said in February he was pursuing a “very, very, very big” acquisition of a public consumer firm. He described the plan as “way more compelling than bitcoin” and left open the option of selling the

05-05Industry

Stefan Muehlbauer Warns DOJ Indictments End ‘Safe Zone’ as US Army Sergeant Case Expands Risk

Tech　　Stefan Muehlbauer Warns DOJ Indictments End ‘Safe Zone’ as US Army Sergeant Case Expands RiskThe DOJ charged Army Sgt. Van Dyke for using classified data to net over $400,000 on Polymarket.Stefan Muehlbauer notes that the case subjects decentralized platforms to the Commodity Exchange Act.A June 8, 2026, hearing will clarify legal standards for participants and operators.　　The End of the ‘Safe Zone’　　An expert said recent indictments by the Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) signal an end to the “insider trading safe zone” in . Stefan Muehlbauer, head of U.S. government affairs at Certik, argued the case establishes a precedent: Misappropriating nonpublic information — whether military or corporate — now carries the “same legal weight as traditional securities fraud.”　　Muehlbauers comments came days after the U.S. granted bail to Gannon Ken Van Dyke, who made more than $400,000 in profit by betting on Polymarket that Venezuelan leader Nicolás Maduro would be ousted earlier this year. U.S. authorities assert Van Dyke opened the contract using privileged information in violation of the Commodity Exchange Act, which bars government employees from using nonpublic information in markets under CFTC jurisdiction.　　As reported by News, Van Dykes lawyer has vowed to challenge the

05-05Industry

CLARITY Act Markup Urgency Grows As Senate Leadership Battle Heats Up

In addition, Thorn warned, “if Sherrod doesnt win the Ohio senate race but dems take Senate, Elizabeth Warren will lead senate banking.” Currently, Polymarket odds show a 50-50 chance of winning for both sides.　　If anti-crypto Warren takes the Senate Banking Committee leadership, the CLARITY Act could be scrapped off the priority list. Hence, experts believe a markup is extremely necessary at this point. Hence, Senator Thom Tillis is advocating for a schedule after Congress returns from May recess.　　Approval Odds Rise Amid Stablecoin Yield Text　　According to Polymarket data, the likelihood of the CLARITY Act approval soared to as high as 69%, the highest level in weeks. Thereafter it settled in the 63-65% range. The increase is an indication that traders are regaining confidence that lawmakers might be on the verge of reaching consensus on important provisions.　　This coincides with an update in the Senate Banking Committee where Chairman Tim Scott reported the legislation entering a decisive phase. He claimed that the CLARITY Act has entered the so-called red zone. It means that the bill is in the process of entering a critical point of markup that is projected to occur no later than May 2026.　　The biggest advancement was made after legislators came

05-05Industry

UAE reports missiles and drone threats from Iran

Finance　　UAE reports missiles and drone threats from Iran　　Iran attacked the United Arab Emirates (UAE) with a barrage of missiles and drones after the United States (US) launched a major operation to wrest control of the Strait of Hormuz, Reuters reported on Monday.　　The UAE said it had come under attack from Iran for the first time since the fragile ceasefire took hold in early April, as the Associated Press reported.　　The UAE Defence Ministry stated that its air defences had engaged 15 missiles and four drones fired by Iran. Authorities in the eastern emirate of Fujairah said one drone sparked a fire at a key oil facility, wounding three Indian nationals.　　Market reaction　　Crude oil prices attract some buyers following the news headline. At the time of writing, the West Texas Intermediate (WTI) is up 2.40% on the day at $101.95.

05-05Industry

Chainlink price gains 3% as Consensus opens

Chainlink price rose 3% on May 4, its biggest single-day gain in two weeks, as Consensus 2026 opened.LINK climbed alongside Bitcoins return above $80,000, with the broader risk-on session lifting infrastructure tokens across the board on May 4.Chainlinks CCIP cross-chain protocol averaged $90 million in weekly token transfers in recent months, providing a fundamental backdrop for the price move.LINK had been trading in a tight range between $8.70 and $9.58 for most of April, making May 4s move its most decisive session in two weeks.　　LINK rose alongside Bitcoin‘s $80,000 reclaim and the Consensus 2026 conference opening in Miami on May 4. As crypto.news reported, LINK had been consolidating near $9.23 with its RSI at 42.31, just below all three major moving averages, making May 4’s gain a breakout from a month-long stagnation period.　　Exchange outflow data from Santiment had already flagged 970,430 tokens leaving centralized exchanges on April 27, the highest single-day outflow since December 2025.　　The price move put LINK at approximately $9.39, with $9.50 remaining the near-term technical resistance analysts had identified as the level needed to confirm a directional shift. The $10 level represents the larger resistance that would require sustained institutional follow-through to clear.　　Chainlinks infrastructure build as a

05-05Industry