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Major U.S. Labor Unions Urge Senators to Oppose the Crypto Bill

Crypto　　Major U.S. Labor Unions Urge Senators to Oppose the Crypto BillLabor unions have urged senators to oppose the rules-of-the-road crypto bill ahead of Thursdays vote. The unions say the legislation lacks safeguards and endangers worker pensions through added volatility.This adds another hurdle to passing the crypto market structure bill and may signal continued scrutiny. 　　Major U.S. labor unions, including the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), Service Employees International Union (SEIU), and others, are urging senators to oppose the Digital Asset Market Clarity Act (CLARITY Act) ahead of Thursdays critical Senate Banking Committee vote.　　Labor Unions Urge Senate to Block Crypto Bill　　According to sources, five major U.S. labor unions, including the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), Service Employees International Union (SEIU), American Federation of Teachers (AFT), National Education Association (NEA), and American Federation of State, County and Municipal Employees (AFSCME), have sent letters to senators urging them to oppose a rules-of-the-road crypto bill scheduled for a markup vote in the Senate Banking Committee on Thursday, May 14.　　Why the Crypto Bill Faces Labor Unions Opposition　　Notably, the labor unions are opposing the CLARITY Act because they view cryptocurrency as a direct competitor for the

05-13

SOL Price Prediction: $105 Target Within 14 Days as Whales Double Down Despite Seller Pressure

SOLs Technical Reality Check　　Solana‘s current positioning reveals a market caught between conflicting forces that spell opportunity for those reading the signals correctly. With price hovering at $96.24 and RSI at 69.82, we’re seeing classic late-stage accumulation behavior where momentum hasn‘t quite tipped overbought but buying pressure remains persistent. The MACD histogram sitting at dead zero isn’t bearish momentum – its compression before expansion, and the direction depends entirely on the next catalyst.　　The Bollinger Band positioning at 0.96 tells the real story here. SOL is practically kissing the upper band at $96.97, which historically precedes either violent breakouts or sharp rejections. Given that were trading above all key moving averages except the 200-day SMA at $113, this setup favors the bulls despite the surface-level resistance concerns.　　Volume & Price Alignment　　The $278.6 million in 24-hour spot volume represents genuine institutional interest, not retail FOMO. More telling is the derivatives positioning: top traders maintain a 1.45 long-to-short ratio while retail sits at 1.32. When smart money aligns this heavily on the long side, Blockchain.news analysis shows it typically precedes significant upward moves.　　The aggressive selling pressure shown in the 0.88 taker buy-sell ratio is actually bullish confirmation. These are weak hands getting absorbed by stronger

05-13

Gold edges higher despite hotter US inflation, Trump–Xi summit in focus

Finance　　Gold edges higher despite hotter US inflation, Trump–Xi summit in focus　　Gold price (XAU/USD) trades with mild gains near $4,720 during the early Asian session on Wednesday. However, the potential upside for the precious metal might be limited due to hotter-than-expected US inflation and shifting geopolitical tensions. Traders will take more cues from the US April Producer Price Index (PPI) report, which is due later on Wednesday.　　Data released by the Bureau of Labor Statistics on Tuesday showed that the US Consumer Price Index (CPI) climbed 3.8% YoY in April, compared to 3.3% in March. This figure came in hotter than the expectation of 3.7% and registered the highest since May 2023.　　On a monthly basis, the headline CPI rose 0.6% in April versus 0.9% prior, matching analysts estimate. Meanwhile, the core CPI, which excludes volatile food and energy prices, rose 0.4% and 2.8% on a monthly and yearly basis, respectively.　　Following the hot US inflation data, traders raised the odds for a Federal Reserve (Fed) rate hike by the end of the year to about 30%, according to the CME FedWatch tool. This, in turn, could weigh on the yellow metal. Its worth noting that Gold is often used amid geopolitical uncertainty but

05-13

US government previews Trumps trip to China with CEOs from key industries

Tech　　US government previews Trumps trip to China with CEOs from key industries　　President Donald Trump is heading to Beijing on May 14 with a corporate entourage that reads like a Fortune 500 all-star roster. Sixteen CEOs from American industrys biggest names will accompany him for a two-day summit aimed at hammering out trade agreements across aerospace, energy, and agriculture.　　Its the first time a sitting US president has visited China since 2017.　　Whos on the plane　　The delegation features some of the most recognizable names in American business. Elon Musk, Tim Cook, Larry Fink, and leaders from Boeing, Citi, Goldman Sachs, and Qualcomm are all confirmed to be part of the traveling party.　　The summits agenda reportedly spans trade deals, AI cooperation frameworks, rare earth mineral access, and thornier geopolitical topics including the Iran war and Taiwan.　　The administration has signaled its intent to establish what it‘s calling a “board of trade” and “board of investment” as part of the summit’s outcomes.　　The inclusion of Qualcomm‘s leadership is particularly notable given the ongoing semiconductor tensions between the two nations. And Larry Fink’s presence, as head of BlackRock, the worlds largest asset manager, suggests that investment flows and capital market access will be front and center in the

05-13

CLARITY Act: Galaxys Alex Thorn Reveals Secret To Securing Bipartisan Support

Tech　　CLARITY Act: Galaxys Alex Thorn Reveals Secret To Securing Bipartisan Support　　Galaxy Digitals Alex Thorn says the newest edition of the CLARITY Act could get a much-needed bipartisan boost. For this, he spotlighted a surprising addition with Senators John Kennedy and Elizabeth Warren.　　Alex Thorn Reveals How CLARITY Act Could Get Bipartisan Backing　　The U.S. Senate Banking Committee on Tuesday released the entire text of the CLARITY Act. In the draft, Thorn noted that the addition of the “Build Now Act” could help garner more bipartisan political support before this weeks markup.　　Thorn outlined each of these changes in a series of posts on X. He mentioned notable updates to a variety of sections of the proposed plan. These include new powers for the SEC, definition of DeFi, provisions on insider trading, and the bankruptcy regulations for crypto companies.　　In addition, he noted that the CLARITY Act has specifically added Section 904, the ‘Build Now Act.’ “This is a bill that was co-sponsored by sens Kennedy and Warren and already passed the senate as part of the ROAD housing bill in march,” Thorn wrote.　　He believes that the addition of the Build Now Act within the CLARITY Act provides another pathway for it to become law.

05-13

DOGE Price Prediction: $0.16 Target by Year-End Despite Current Consolidation Trap

DOGEs Technical Reality Check　　Dogecoin is trapped in technical purgatory right now. With RSI sitting at 60.55, were seeing classic neutral territory behavior—neither oversold bargain hunting nor overbought exhaustion. The MACD histogram flatlined at zero screams indecision, while price action hugs every major moving average like a scared child.　　The Bollinger Band position at 0.68 tells the real story here. DOGE is camping in the upper half of its recent range but can‘t punch through that $0.12 ceiling. When a meme coin gets this technically boring, it’s either building energy for a breakout or setting up for a flush. The 200-day SMA at $0.12 is acting as stubborn resistance, creating a lid on any upside momentum.　　Volume & Price Alignment　　Here‘s where things get interesting for Blockchain.news readers tracking the smart money flows. Despite retail traders being 67% long on DOGE, we’re seeing aggressive selling pressure dominate with a buy/sell ratio of just 0.81. Thats institutional-sized selling hitting the market.　　The $94 million daily spot volume is decent but not explosive. More telling is the derivatives market showing a -11.75% drop in open interest over 24 hours. Positions are being closed, not opened. Yet the funding rate remains neutral at 0.01%, suggesting no panic from

05-13

Circle CEO Reveals CLARITY Act’s Impact on Bitcoin, Ethereum and XRP

The post Circle CEO Reveals CLARITY Acts Impact on Bitcoin, Ethereum and XRP appeared first on Coinpedia Fintech News　　Bitcoin climbed close to $82,000 on Tuesday as news broke that the Senate Banking Committee had officially scheduled Thursday as the date for its long-delayed markup of the CLARITY Act. The move gave crypto markets an immediate boost as investors priced in the growing possibility that comprehensive digital asset regulation in the United States is finally within reach.　　Circle CEO Jeremy Allaire appeared on Fox Business shortly after the announcement to share his assessment of where the bill stands and what it means for the industry.　　What Allaire Said　　Allaire described the CLARITY Act as a critical piece of legislation for both the digital asset industry and the broader financial system, saying it creates a regulatory pathway for digital token issuance, market structure, and supervision that the industry has needed for years.　　On the stablecoin yield compromise that has dominated the final stages of negotiations, Allaire said Circle views the outcome positively. Under the current text, platforms cannot simply offer passive yield on stablecoin balances the way a bank pays interest on deposits. Instead, rewards must be tied to actual utility, usage, transactions, payments, and other

05-13

Ethereum Clear Signing rollout targets blind signing security

Ethereum　　Ethereum Clear Signing rollout targets blind signing security　　Ethereum‘s Ethereum Clear Signing rollout is aimed at one of crypto’s oldest and most painful user problems: approving transactions you cannot actually read. The Ethereum Foundation said today that it is rolling out Clear Signing, a new standard designed to replace blind signing with human-readable transaction previews across the ecosystem.　　That shift sounds technical, but the promise is simple. Instead of forcing users to approve opaque strings of data, wallets and hardware devices can show what a transaction is doing before someone confirms it.　　For Ethereum users, that could mean fewer moments of signing first and understanding later. More importantly, it gives self-custody a clearer and safer default, which matters because blind signing security has long been one of cryptos weakest points.　　Ethereum launches Clear Signing across the ecosystem　　The Ethereum Foundation framed Clear Signing as a broad ecosystem effort rather than a single-wallet feature. The rollout involves contributors across wallets, hardware, security, infrastructure, and tooling, including Ledger, Trezor, Knox, MetaMask, WalletConnect, Cyfrin, Fireblocks, Zama, Sourcify, and Argo, alongside individual contributors.　　At its core, Clear Signing substitutes blind signing with human-readable transaction previews. That matters because users are often asked to approve transactions without seeing clear details, such

05-13

Ethereums Clear Signing standard tackles blind transactions with ERC-7730

Ethereums new ERC‑7730 Clear Signing standard replaces hex gibberish in wallet prompts with human‑readable, auditable transaction summaries to slash phishing and blind signing losses.The Ethereum Foundation‘s Clear Signing working group and Ledger co‑designed ERC‑7730, a standard that turns today’s cryptic wallet calldata into plain‑language transaction summaries.Clear Signing uses a JSON description format, a public registry tied to contract addresses, and third‑party audits so wallets can show accurate, WYSIWYS intent without changing on‑chain logic.The push comes as phishing and approval scams outpace protocol hacks; incidents like the CoW DAO domain hijack and Binances 22.9M blocked phishing attempts show why legible prompts are critical.　　The Ethereum Foundations Clear Signing working group has published a new open standard designed to replace the cryptic, machine-readable hex data that wallets currently display when users are asked to approve a transaction, according to an official Ethereum Foundation blog post. Built on the ERC-7730 specification, Clear Signing standardizes how transaction intent is described, displayed and verified across wallets, aiming to give users a plain-language summary of what will actually happen on-chain before they click approve.　　ERC-7730 and the end of unreadable transaction prompts　　The problem Clear Signing addresses is one of cryptos oldest and most exploited UX failures. When a

05-13

JPMorgan Files For Ethereum Tokenized Money Market Fund After BlackRock

Ethereum　　JPMorgan Files For Ethereum Tokenized Money Market Fund After BlackRock　　JPMorgan Chase & Co. is ramping up its blockchain-related initiatives. It aims to introduce a new tokenized fixed-income money market instrument.　　JPMorgan Moves To Launch Another Tokenized Fund　　The banking giant filed paperwork for the JPMorgan OnChain Liquidity-Token Money Market Fund, under the ticker JLTXX. The proposed fund is to issue digital tokens on the Ethereum blockchain.　　It would represent ownership of an underlying portfolio comprised of U.S. Treasuries and repurchase agreements, per an SEC filing. Recently, JPMorgan is expanding its crypto-related product line as banks like Morgan Stanley entered the market with its Bitcoin ETF.　　The tokenized shares would be tradable between investors via digital wallets, and could also be utilized as security in crypto markets. The deals involving the fund may be settled in minutes, not the one or two business days normally required for traditional fund shares. Even though its based on the blockchain, the assets themselves would still be held by a traditional custodian.　　“JPMorgan filed for a tokenized money market fund. Big deal bc JPM inching further into crypto and big deal bc fee is pretty low 16bps for a stable NAV (imposs to do in ETF). Cheaper than most money

05-13

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