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The US CLARITY Act advances after final stablecoin yield provisions ban interest payments but allow rewards for blockchain activities. Coinbase's legal chief calls it 'go time,' and Polymarket odds for 2026 passage rise to 55%. Senate markup could be imminent.
The Clarity Act negotiation text, released Friday, prohibits stablecoin issuers from paying yield on held reserves while preserving the ability to offer rewards for bona fide activities. Digital Chamber CEO Cody Carbone welcomed the step, which could pave the way for a long-awaited Senate markup.
Minnesota lawmakers passed a bill banning AI tools that generate realistic fake nude images, allowing victims to sue and imposing penalties up to $500,000 per use. Set to take effect August 1, the law targets platforms enabling such abuse, complementing federal efforts amid rising concerns over AI-generated nonconsensual imagery.
Bitcoin’s bounce from the 100-day EMA, surging spot demand, and rising futures open interest indicate a breakout to $80,000 is near. With ETF inflows hitting a nine-day streak and OTC balances declining, institutional accumulation adds fuel, potentially triggering a $2.1 billion short squeeze.
Riot Platforms shares surged 8% after AMD doubled its data center capacity in Texas, underscoring the miner’s shift to AI hosting. The expanded deal could yield $636 million over 10 years, while improved credit terms from Coinbase and lower bitcoin mining revenue signal a strategic transformation.
XRP social sentiment soared 240% to a 2-year high after integration with Rakuten Pay, enabling 44M users to convert $23B in loyalty points to XRP. However, price remains stuck below $1.40 resistance, with analysts expecting consolidation before a potential breakout to $2.10.
Bitcoin rallied 11.87% in April with $1.97B ETF inflows and is now testing $79.5K resistance; a break above could target $84K. Altcoins like ETH and XRP find support but remain range-bound, with trend changes dependent on closing above resistance.
The Ethereum Foundation completed its third OTC sale of 10,000 ETH to BitMine at $2,292 per ETH, netting $22.9 million for core operations. BitMine, holding over 5 million ETH with a huge unrealized loss, also made its biggest ETH purchase of the year last week.
Gency AI secured $20M from Y&ZC Capital, MTmetaworld, and others to develop a privacy-preserving advertising network. It uses blockchain consensus and AI for transparent settlement, aiming to automate reconciliation and shift advertising from closed platforms to open, verifiable protocols.
Columbia University's Star AI system locates sperm in men previously diagnosed with none, achieving 100% sensitivity. The method has enabled a successful pregnancy and could expand biological parenthood options. Researchers emphasize larger clinical trials are required before widespread use.
The Ethereum Foundation sold 10,000 ETH to BitMine at $2,292 per token, raising $22.9M for core operations. The OTC deal continues EF's treasury strategy and adds to BitMine's growing ETH holdings, reflecting institutional accumulation.
UK's AI Security Institute finds GPT-5.5 can autonomously perform complex cyberattacks, solving a 12-hour human puzzle in 10 minutes. The model's offensive capabilities are advancing rapidly, raising safety concerns and prompting government funding for cyber resilience.
Canadian pension giant AIMCo bought 1.38M shares of Strategy (MSTR) for $172M, now sitting on a $69M unrealized gain as MSTR rallies to $175. The move reflects institutional demand for Bitcoin proxy equities amid direct holding restrictions.
Bitcoin is evolving from digital gold to a collateral asset as institutions integrate it into lending and margin systems. This shift explains bitcoin’s increased sensitivity to liquidity and tendency to lead market drawdowns, as forced selling from margin calls amplifies price declines.
The Pentagon signed AI deployment agreements with eight firms, including Google, OpenAI, and SpaceX, to operate on classified networks. The $33.7B budget push aims to create an AI-first fighting force with wide adoption across the department.
Tether reported $1.04 billion Q1 net profit, with excess reserves at a record $8.23 billion. USDT market cap is $190 billion, making it the third-largest crypto. The firm holds US Treasuries, gold, and Bitcoin, as Visa expanded stablecoin settlement across blockchains.
Riot Platforms reported Q1 revenue of $167.2M, including $33.2M from new AI data center operations. AMD doubled capacity to 50MW, validating the pivot. Bitcoin mining revenue fell to $111.9M amid lower prices. Stock jumped 9%.
Bernstein sees IREN's AI pivot as $3.7B opportunity, while BitMine stacks ETH despite $6.5B unrealized losses. Stablecoin supply surpasses $305B but activity falls 19%. Tokenized Treasurys used as collateral on exchanges, highlighting a consensus vacuum.
Ethereum ETFs shed $184 million over four days amid geopolitical tension, yet ETH’s price rose 2.2% to $2,313. Bitcoin ETFs also saw outflows, while prediction market Myriad shows rising optimism for an ETH move to $3,000.
The AI agent Manfred autonomously obtained an EIN, opened a bank account, and holds a crypto wallet via ClawBank. Developer Justice Conder says it will soon trade cryptocurrencies, marking a first in autonomous legal entity formation.
