crtypto & forex news

The CLARITY Act has cleared one of its biggest political bottlenecks after the final rewards language in the bill was made public, giving the crypto industry a compromise it can live with and lawmakers a clearer path to move the broader market structure bill forward. The compromise matters especially for crypto exchange Coinbase, with Coinbase Chief Policy Officer Faryar Shirzad noting that it is time for the bill to move forward. The Rewards Fight Now Behind The Industry Coinbase officials have expressed support for the newest version of the final rewards text in the CLARITY Act that was recently made public. Coinbase CEO Brian Armstrong said on Friday, “Mark it up,” in response to a post made on X by Faryar Shirzad, Coinbase’s Chief Policy Officer.  Interestingly, the most important part of Shirzad’s statement is not just that the final rewards text is public, but that Coinbase is treating the issue as settled enough for the bill to move forward. Much of the debate...

Following its April rally, Bitcoin has settled into a tight range between $75,000 and $78,000. According to crypto analyst Kabuki, this movement may represent a familiar phase seen in previous market cycles that have preceded explosive gains. Base Formation Signals Familiar Cycle Pattern In an X post on May 2, Kabuki draws attention to a recurring structure observed in past bull cycles, specifically in 2021 and 2025. In these cases, Bitcoin spent a prolonged period moving sideways after an initial rally. This phase, often dismissed as indecisive, served as a base-formation zone where strong hands accumulated positions before the next leg up. Bitcoin stuck at $75K-$78K for a reason This isn't random. This is Bitcoin history repeating. If you know the past, you know the future: 2017: Base formed → Parabolic expansion 2021: Base formed → Parabolic expansion 2026: Same structure playing out NOW This… pic.twitter.com/YGSm0rbEVU — Kabuki (@kabukistory) May 2, 2026 ...

Ripple placed its treasury business at the center of a new XRP price prediction after promoting Ripple Treasury as a platform with full cash visibility with notable numbers. An analyst on X has since noted that those numbers, when run through a valuation model, point to an average price of at least $625 for XRP. Ripple Treasury Puts A Massive Banking Network In View During the SEC v. Ripple case, it surfaced that there were 1,700 NDAs between Ripple and other companies. These led to speculations among members of the XRP community as to the nature of these companies. However, Ripple has now publicly confirmed that its treasury platform is now connected to 13,000 banks and facilitates $12.5 trillion in payment volume.  The announcement, which was posted by Ripple on the social media platform X, described Ripple Treasury as the world’s most adaptable treasury platform, capable of delivering 100% cash visibility to institutions. Ripple acquired GTreasury in 2025 for $1 billion, ...

The crypto industry is seriously under attack following a recent surge in exploit incidents. According to market analyst Ali Martinez , data from DeFiLlama shows that April was particularly bad for digital asset firms and protocols, with 29 attacks recorded, the highest ever in a single month. Without a doubt, these incidents have sparked concerns among crypto enthusiasts, leading to speculation about potential causes and solutions to this disturbing pattern. Notably, total attacks in April resulted in combined losses of $635 million. About 90% of these losses can be attributed to attacks on the Drift Protocol and KelpDAO. Drift Protocol, the largest Solana-based decentralized perpetual futures exchange, saw North Korean hackers drain $285 million by tricking the security council into unknowingly pre-signing transactions using a fictitious CarbonVote token. On the other hand, Kelp DAO , an Ethereum-based liquid staking protocol, lost $292 million in rsETH after attackers exploited t...

The US CLARITY Act, a legislative proposal that seeks to establish a regulatory framework for the crypto industry in the United States, has taken a major step toward becoming law . This comes after the surprise finalization of the new stablecoin yield provisions in the crypto market structure bill. Crypto Firms Not To Pay Bank-Like Interests On Stablecoin On Friday, May 1st, US Congress Journalist Brendan Petersen posted on the X platform that US Senators Thom Tillis and Angela Alsobrooks have finalized a compromise on the stablecoin yield provision in the CLARITY Act. This subject has been a reason for dispute between the crypto and banking industries (who believe that stablecoin yields could hurt the banking system’s competitiveness) over the past few months. As stipulated in the final text titled “SEC 404. Prohibiting interest and yield on payment stablecoins”, the CLARITY Act states that crypto firms are not allowed to pay “any form of interest or yield...

The Ethereum Foundation has completed another over-the-counter sale of its ETH holdings, this time offloading 10,000 ETH to BitMine Immersion Technologies as the counterparty. The transaction follows a continuing pattern of structured selling that has defined the Foundation’s treasury activity in recent months. Ethereum Foundation Completes Third Deal With Bitmine In an X post on May 1, the Ethereum Foundation reports its latest transaction with Bitmine involving an OTC sale of 10,000 ETH. The announcement explains that proceeds from the sale are earmarked for the Foundation’s core operations, covering protocol research and development, ecosystem expansion, and community grants. 0/ Today, the Ethereum Foundation finalized the terms of a 10,000 ETH sale at an average price of $2,292.15 via OTC. For this sale, our OTC counterpart was @BitMNR . — Ethereum Foundation (@ethereumfndn) May 1, 2026 Interestingly, this recent event marks the third ETH sale transaction between the...

Taiwan’s central bank is being given one month to produce a report on stablecoins and digital asset reserves — a deadline set not by its own leadership, but by a lawmaker in the country’s legislature. A Formal Push From The Legislature That instruction came from Dr. Ko Ju-Chun, a member of the Legislative Yuan, who formally presented a proposal urging Taiwan to allocate a portion of its national reserves into Bitcoin . The report he submitted was backed by the Bitcoin Policy Institute and was handed directly to Premier Cho Jung-tai and central bank Governor Yang Chin-long during an official session. This was not a press statement or a public speech. It was delivered inside a government chamber, to the people who hold the authority to act on it. The driving concern behind the proposal is the shape of Taiwan’s reserve portfolio. The country holds roughly $600 billion in foreign exchange reserves. More than 80% of that is tied to US dollar assets. BPI research...