News linked to both this project and an event.
According to The Block, the U.S. Senate Committee on Banking has released an updated 309-page version of the Clarity Act, scheduled for review and vote later this week. The new text includes language restricting stablecoin rewards and incorporates provisions from the Blockchain Regulatory Certainty Act, clarifying that non-custodial developers are not considered money transmitters. Coinbase—which had previously withdrawn its support due to controversy over the stablecoin rewards provision—has now reversed its position and endorsed the bill; however, banking industry groups still deem the restrictions insufficient. Meanwhile, the bill still lacks ethics-related provisions targeting digital asset-related benefits received by the President and other federal officials. Democratic lawmakers have stated that, absent such compromises, the bill is unlikely to gain their support.
Glassnode’s Week 20 BTC Market Report states that BTC rose last week from above $77,000 to below $82,000, with strengthening spot demand and futures activity and sustained buying absorbing pullbacks. The report notes rising Spot Cumulative Volume Delta (CVD), spot trading volume, futures open interest, and perpetual swap CVD—indicating a rebound in market risk appetite. However, price momentum slowed, and long funding rates declined, signaling a marginal cooling of bullish sentiment. In the options market, demand for downside protection decreased and open interest increased, yet the volatility skew widened, reflecting persistently high market uncertainty. On-chain metrics show increases in daily active addresses, entity-adjusted transaction volume, and total fees; profitability indicators improved, and the overall market structure continues to recover.
a16z Crypto published a post explaining its investment rationale for Arc, noting that stablecoins have evolved from crypto-native trading tools into the foundational layer of global financial infrastructure—and are now driving blockchain’s evolution from “application-layer finance” to a “system-level economic operating system.” Last year, stablecoin transaction volume reached approximately $9 trillion—placing it on par with global payment networks such as Visa and PayPal. The total supply of USD-pegged stablecoins has surpassed $270 billion. Cross-border payments, B2B settlements, and foreign exchange transactions are emerging as core use cases for stablecoins, positioning them increasingly as the “global capital flow upgrade layer.” a16z Crypto stated that existing blockchain infrastructure remains primarily geared toward crypto-native users and individual developers, lacking native support for large-scale institutional requirements. Its participation in building the ARC token ecosystem stems from the expectation that, as global finance gradually migrates on-chain, only a select few public blockchains will be capable of serving as the foundational bedrock for “on-chain economic systems.”
the Bank of New York Mellon (BNY) has announced the launch of a compliant institutional-grade digital asset custody service in the Abu Dhabi Global Market (ADGM), aiming to position Abu Dhabi as a global digital finance hub. The service is designed to provide institutional clients with highly secure and scalable digital asset custody solutions. Initially, the service will support the custody of Bitcoin and Ethereum, with subsequent phases expanding to stablecoins, tokenized real-world assets (RWAs), and more regulated digital financial products. The project remains subject to final agreement confirmation and relevant regulatory approvals. (Crowdfundinsider)
CoinShares data shows crypto funds saw net inflows of $858 million last week, marking the fifth consecutive week of inflows and the largest single-week inflow since the end of April. Among them, Bitcoin funds attracted over $700 million in a single week, with year-to-date inflows reaching $4.9 billion, indicating sustained growth in institutional investor demand for the crypto market.Market analysis suggests that positive expectations related to the "Clarity Act" have driven an improvement in institutional sentiment. Currently, BTC prices remain above the $80,000 mark, with the market watching for a potential breakout of the 200-day moving average near $82,000. Marex analysts point out that if Bitcoin manages a daily close above $82,000 accompanied by stable spot buying, it could initiate a new upward trend.In the altcoin space, SUI rose 12% in 24 hours to $1.26. Mysten Labs co-founder Adeniyi Abiodun revealed that Sui plans to launch confidential transaction features this year to support fee-free private payments. Additionally, Nasdaq-listed Sui Group Holdings (SUIG) previously announced that it has staked most of its reserve SUI, effectively reducing the circulating market supply by approximately 2.7%. (CoinDesk)
JustLend DAO has officially launched Governance Proposal #39, proposing the addition of an HTX market to integrate $HTX into the platform’s lending market. Key elements of the proposal include: configuring a price oracle for HTX/TRX, supporting the jHTX token, setting the collateral factor at 50%, and setting the reserve factor at 30%. If the proposal passes voting, HTX holders will be able to earn yield by supplying HTX or use it as collateral to borrow other assets—further enhancing capital utilization efficiency within the ecosystem.
Odaily News Circle announced that USDC stablecoin issuer Circle will release its first-quarter earnings report before the U.S. stock market opens on May 11, and will hold an earnings conference call at 8:00 PM Beijing time on May 11 to discuss financial results and business progress.Market expectations for Q1 revenue are approximately $715 million, down about 7% from $770 million in Q4 2025, and up approximately 11% year-over-year; GAAP earnings per share are expected to be $0.18, with adjusted earnings per share expected at $0.27. The average analyst price target is $144.36. Oppenheimer maintains a Buy rating with a target price of $152, while Needham also maintains a Buy rating but has lowered its target price from $190 to $130. Circle's market cap currently stands at $28.1 billion, with the stock price at $113.67.
According to crypto journalist Eleanor Terrett, the U.S. Senate Committee on Banking will hold a markup session for H.R.3633, the “Digital Asset Markets Structure Act of 2025,” at 10:30 a.m. ET on May 14. Committee members will vote on the bill’s text and related amendments. If approved, the Banking Committee’s version will be merged with the portion overseen by the Senate Committee on Agriculture to form the final version, which will then proceed to a full Senate vote.
Odaily Planet Daily reports that according to the CoinMarketCap "April 2026 Exchange Monthly Report," Binance ranks first globally in core indicators such as reserve scale, trading volume market share, and ETH market liquidity.The report shows that Binance's proof of reserves in April reached $149.75 billion, accounting for 68% of the total tracked reserves in the market. Among them, stablecoin reserves hit $50.69 billion, making it the exchange with the largest absolute liquidity reserve scale in the market. Additionally, among the combined $4.5 trillion monthly trading volume of 12 major exchanges, Binance firmly held the top spot with a 36.23% market share. Notably, the ratio of Binance's derivatives to spot trading closely aligns with the market average, indicating a healthy and balanced development of its spot and derivatives businesses, rather than reliance on a single sector.In terms of spot market liquidity, the ±2% order book depth for Binance's ETH market reached $13 million, a month-over-month increase of 10.5%, making it the deepest ETH execution venue in the overall market.
, Coinbase Vice President of US Policy Kara Calvert stated at the Consensus 2026 conference that the CLARITY crypto market structure bill could be reviewed by the US Senate Banking Committee as early as next week. Kara Calvert noted that the bill requires at least 60 votes to pass in the Senate, and parties are currently working to secure bipartisan support.A HarrisX survey shows that 70% of voters believe the US should enact clear cryptocurrency legislation. Additionally, Kara Calvert believes that the lack of a cohesive tax policy is a major barrier to institutional adoption of cryptocurrencies, as current tax rules require crypto exchanges to record transactions as small as $1. She expressed hope that tax reform legislation could make progress in 2026 and predicted that the House of Representatives might take action on related legislation within the next month or two.
Arkham has launched a predictive market data analysis feature, enabling users to track the on-chain behavior, holdings, and comprehensive performance analysis of traders in the predictive market. The new feature allows users to view top predictive market traders ranked by profit and loss (PNL), analyze their historical and current positions, win rates, individual trade performance, and profit curves. It also supports setting up trade alerts and on-chain behavior monitoring for specific addresses, along with providing a real-time predictive market transaction flow monitor. This allows users to view market dynamics by categories such as politics, sports, and crypto, and track the trading behavior and position changes of all participants.
On-chain investigator ZachXBT has announced a $10,000 bounty for information regarding market makers involved in LAB’s spot trading on Bitget and perpetual futures trading on Bybit, Binance, and OKX—including passport details, identity verification documents, or insider information such as contract agreements and chat logs—targeting LAB’s founder (@vsadkovv). ZachXBT stated that these actors are further damaging the industry’s reputation and must not escape accountability.
Odaily News: Garrett Jin, representative of the "BTC OG Insider Whale," published an analytical article titled "A Painted Ceasefire," warning crypto traders not to be lulled by the surface-level market trends. While the market appears stable, underlying risks are continuously building. He pointed out that following Trump’s visit to China, the window for a US-Iran military conflict could reopen at any time. This current ceasefire is merely a delay in confrontation, not the beginning of favorable developments. Market sentiment is currently highly optimistic, with Saudi Arabia and Iran reaching a cooperation memorandum, impressive earnings reports from tech companies, rising South Korean stocks, and Bitcoin approaching the $82,000-$83,000 range. However, macro-level hidden dangers are gradually emerging: a liquidity drought in large corporate transactions, airline bankruptcies, banks provisioning for potential war losses in advance, and Berkshire Hathaway’s cash reserves hitting a new all-time high. Garrett Jin predicts that late May could be a key turning point. If tech giants continue to exceed performance expectations, the risk window may be delayed until the July earnings season. (Garrettsignal)
Bitcoin briefly approached the key 200-day simple moving average (SMA) around $83,300 on Wednesday but failed to achieve a decisive breakout, subsequently falling back below $81,000. Meanwhile, the broader crypto market weakened, with the CoinDesk Smart Contract Platform Index falling over 2% in the past 24 hours, making it the worst-performing major sector. The 200-day moving average is widely regarded by the market as a key indicator for measuring long-term trends. If BTC can hold above this level, it would further reinforce the market narrative that the bear market, which saw prices fall below $63,000 in February, has ended and a new bull market has begun.However, a similar situation occurred historically in March 2022, when Bitcoin briefly broke above and tested the 200-day moving average before ultimately falling to around $20,000 by June of that year. As a result, some analysts are warning of the risk of a "fakeout."Analytics firm Marex stated that Bitcoin's ability to continue its upward trajectory depends on three factors: sustained spot buying pressure, a continued tightening of exchange supply, and a derivatives market that remains healthy without overheating. If all three factors align positively, Bitcoin could quickly open up the path towards the $85,000 range. Alex Kuptsikevich, Chief Market Analyst at FxPro, noted that this pullback appears more like a brief consolidation within an uptrend rather than an end to the trend. However, he also cautioned that the daily RSI had previously entered overbought territory, and similar instances in the past were accompanied by significant corrections.Additionally, the 10-year US Treasury yield has fallen to 4.32% from its early-month high of 4.46%, which is viewed as a potential positive factor for risk assets. (CoinDesk)
On-chain investigator ZachXBT stated that LAB’s founders engaged in CEX market manipulation while issuing “philosophical” statements—actions that harmed retail investors. ZachXBT noted he had attempted to contact them privately, but received no response. He added that such “scammer” behavior is further eroding the crypto industry’s already dwindling public trust.
ZachXBT posted on X platform, stating that the LAB founder spouts philosophical nonsense while engaging in CEX market manipulation that harms retail investors. He previously attempted to contact them privately, but the messages were read and ignored. Scammers further undermine the remaining credibility of the industry.
According to The Block, BNY announced the expansion of its crypto custody business into the Abu Dhabi Global Market (ADGM) in the UAE through partnerships with Finstreet and the ADI Foundation, offering institutional clients crypto-asset custody services. Initially, the service will support custody for BTC and ETH. The three parties will subsequently explore extending these services to the ADI Foundation’s underlying blockchain infrastructure and gradually expand to stablecoins, tokenized real-world assets, and other regulated digital instruments.
StepStone Group announced its integration with LSEG’s Digital Market Infrastructure (DMI) platform and the launch of its evergreen strategies—covering private equity, private debt, and infrastructure—on the platform. DMI is embedded within LSEG Workspace and leverages distributed ledger technology to support private fund distribution, optimizing private market access for professional investors. This collaboration builds on the parties’ existing relationship, which includes the joint launch in October 2025 of the FTSE StepStone Global Private Markets Index.
WEEX Exchange has officially launched its TradFi market, offering one-stop direct access to over 90 traditional financial assets—including U.S. equities, precious metals, and commodities. To lower the barrier to cross-market trading, WEEX has extended its “Zero-Fee Gold, Crude Oil, and U.S. Equity Futures” promotion until May 31. During this period, both makers and takers enjoy zero trading fees on these futures contracts, empowering crypto users to engage with global financial markets at zero cost.
According to an official announcement by Yunfeng Financial, Yunfeng Financial (HKEX: 00376) has officially launched its “Physical Gold Token” product on its Yunfeng Youyu platform, with underlying blockchain and asset tokenization infrastructure support provided by AlphaToken. Each unit of the product corresponds to 1 gram of physical gold certified by the London Bullion Market Association (LBMA) with a purity of 99.99%. The underlying assets are held in professional vaults accredited for international operations and subject to independent audits. The product’s value is directly linked to the international gold market price. This product is available exclusively to users who have completed Professional Investor (PI) qualification certification.