Today's Crypto Pulse
Bitcoin slides below $70k as energy‑price worries spark $1.8B in liquidations
Bitcoin fell under $70,000 amid heightened energy‑price uncertainty linked to U.S.–Iran tensions. The dip triggered roughly $1.8 billion in crypto liquidations, while institutional investors pulled more than $4.2 billion from digital‑asset positions.
Also developing:
By the numbers: Strive acquires 2,500 Bitcoin for $185.2M
LayerZero Admits Mistake in 1/1 DVN Setup Tied to $292M Kelp Hack
LayerZero Labs issued an apology after a Lazarus Group attack compromised its internal RPC nodes, enabling a 1/1 Decentralized Verifier Network (DVN) to authorize a high‑value transaction that drained roughly $292 million from Kelp DAO’s rsETH bridge. The breach affected about 0.36% of assets across the protocol, though the core LayerZero code remained intact. In response, LayerZero is eliminating 1/1 DVN configurations, shifting default pathways to 5/5 (or at least 3/3) quorum settings, and launching new security tools such as the OneSig multisig and Console monitoring platform. The incident also revealed a historic internal misuse of a multisig signer, prompting further governance reforms.
SEC Chairman Urges Clear Rules for On-Chain Trading
SEC Chairman Paul S. Atkins urged the agency to issue clearer rules for on‑chain trading, emphasizing the need to define how broker‑dealer, clearing agency and crypto‑vault activities fit within existing regulations. He reiterated his call for Congress to pass the...
Payward to Acquire Reap for Up to $600M, Expanding Global Card and Stablecoin Payments
Payward announced a definitive agreement to acquire Reap Technologies for up to $600 million in cash and stock, valuing Payward at $20 billion. The deal adds a regulated card‑issuing and stablecoin‑payments stack to Payward Services, giving partners a single API for crypto‑native...
Crypto Coin Minute for May 9th, 2026 at 05:15 AM Pacific Time.
Bitcoin slipped to $80,301, dipping below the $80,000 psychological barrier after a single‑day sale of 14,600 BTC. Ethereum, XRP, BNB and Solana all posted modest gains, with Solana leading at 5.6%. The Senate Banking Committee scheduled a crypto‑rules hearing for...
Major Crypto Bill Slated for May 14 Senate Banking Committee Vote
On May 14, the Senate Banking Committee will hold its first vote on a landmark cryptocurrency bill that seeks to set federal rules for stablecoins and related reward mechanisms. The proposal limits the ability of stablecoins to earn interest, a move...
Senate Banking Committee Plans to Hold Key Market Structure Hearing on Thursday
The Senate Banking Committee scheduled a markup hearing for the Digital Asset Market Clarity Act of 2025 on May 14, marking a pivotal step toward legislation. The hearing follows a compromise text from Senators Thom Tillis and Angela Alsobrooks that prohibits...
Who Will Be the "Cisco of AI Tokens"?
The post argues that the TCP/IP protocol, which has powered the internet for four decades, is reaching its functional limits as AI demands move from moving bits to moving meaning. It frames the transition as a shift from a syntactic...
Crypto Exchanges Pushed US Lawmakers to Bar Provision on Risky Tokens: Report
In early 2026, Coinbase, Kraken and Gemini urged Senate lawmakers to strip a provision from the CLARITY Act that would restrict trading to digital assets "not readily susceptible to manipulation." The firms argued the language could block listings of smaller,...
XRP Needs Simultaneous Demand Surge and Supply Shock
Retail already had years to push XRP higher and did not. Three to four digits does not happen through gradual adoption. It requires every demand catalyst hitting simultaneously against a constrained supply. Coordinated supply shock, institutional flood, and XRPL amendments...
Cathie Wood's ARK Invest Has 2 Good News And 1 Bad News For Bitcoin
ARK Invest’s Q1 Bitcoin report shows the cryptocurrency fell 22% in the quarter, yet long‑term “conviction” buyers added 69% more BTC, boosting holdings from roughly 2.13 million to 3.60 million coins. Spot Bitcoin ETF balances remained steady around 1.29 million BTC despite the...
Estonia's FSA Issues Investor Warning About Zondacrypto
Estonia’s Financial Supervision and Resolution Authority (FSA) issued an investor warning to BB Trade Estonia OÜ, the operator of the Zondacrypto exchange, for failing to publish a white paper for the TeamPL token, a breach of the EU’s MiCA rules....
Swiss Bitcoin Reserve Campaign Set to Lapse After Failing to Gather Signatures
A Swiss citizens' initiative to amend the constitution and force the Swiss National Bank (SNB) to hold Bitcoin alongside gold and foreign‑currency assets failed, gathering only about half of the 100,000 signatures required for a referendum. The SNB has repeatedly...
Altcoin Rally Returns, but Profit‑taking Soon
The fact that #Altcoins are moving upwards, is both good and bad. The good part is that there's finally momentum back in the markets and that opens the door for new interest from investors and therefore more liquidity going into #Crypto....
MegaETH Kicks Off MEGA Buybacks
On May 7, the MegaETH Foundation executed its inaugural MEGA token buyback, using all net rewards generated by the USDm stablecoin issuer through April. USDm’s circulating supply has surged to $480 million, up from about $63 million at the token generation event, reflecting...
Coinbase Outage Not Caused by Non‑technical Code Releases
When the CEO of Coinbase said "non-technical teams are now shipping production code" I assume it's things like marketing now makes copy updates to a small site w/o a dev or similar. But now half the internet thinks this caused the...
California Man Sentenced to over 6 Years for Role in $250 Million Cryptocurrency Heist
A 20‑year‑old California man, Marlon Ferro, received a 78‑month prison term for breaking into homes and laundering cryptocurrency stolen in a $250 million heist. The ring targeted high‑net‑worth crypto holders between late 2023 and early 2025, using social engineering and burglaries to seize...
SEC Chair Atkins Signals New Rules for Onchain Markets, AI-Driven Finance
SEC Chair Paul Atkins announced that the agency is weighing formal rulemaking to address on‑chain trading platforms, crypto vaults and blockchain settlement infrastructure, reflecting the rise of AI‑driven finance. He argued that current securities laws do not neatly fit multi‑function...
ONDO Surges 68% in a Week Amid US Tokenization Push
Ondo Finance’s native token ONDO surged 68% over the past week, reaching $0.45 and a $2.2 billion market cap after the DTCC named the firm in its tokenization working group. The DTCC plans to begin production trades of tokenized U.S. Treasuries...
XRP May Reach Six Figures by 2031, Not 2028
Six figures by end of Trump's term in 2028 is possible but not probable. Mid to high five digits is the more realistic target by then. Six digit XRP lands closer to 2030 to 2031. Million dollar XRP requires 80%...
OwlTing Launches Self-Custody Wallet to Bring Regulated Stablecoin Payments to AI Agents
OwlTing Group has launched the OwlPay Agent Wallet, a self‑custody digital wallet that lets AI assistants send, receive and manage stablecoins on behalf of users. The wallet operates on Ethereum, Stellar and Solana and stores private keys locally on the...
Consider The BITQ ETF As Cryptocurrencies Could Be Back In Bullish Mode
The Bitwise Crypto Industry Innovators ETF (BITQ) is trading just below $27 per share and has been upgraded to a Buy as Bitcoin re‑enters a bullish phase. The fund benefits from recent U.S. legislative backing and growing institutional demand, giving...
Intelligence Agencies Prefer Crypto for Easier On‑Chain Monitoring
The most powerful surveillance agencies, the CIA, FBI, OFAC, in the world are rooting for crypto to win. Not because they love decentralization - because onchain is easier to monitor than the banking system. @ARedbord broke this down on Bankless It's the most...
VVV: The Most Useful Cryptocurrency Yet, Future‑Proof
I would argue that $VVV by @AskVenice it the single most useful cryptocurrency created to date. It will be obvious in hindsight.
Next Week’s CLARITY Act Markup Could Fall Apart over Trump Family Crypto Ethics Fight
The Senate Banking Committee is slated to markup the CLARITY Act next week, a bill that would clarify whether digital assets fall under the SEC or CFTC. Democratic leaders are pressing for ethics language that would restrict federal officials, including...
Lawmakers Force Stablecoin Yields to Stay with Issuers
Politicians are proactively drafting legislation that basically mandates stablecoin issuers keep all of the yield generated from reserve assets… Instead of sharing that yield w/ stablecoin holders. Stablecoin issuers print $$$. Tradfi banks are protected. You get nothing.
TON Leads Top 50 Staking Rewards, Price Doubles
TON currently tops the list for the biggest staking reward out of the top 50 Founder & CEO Pavel Durov said, "That’s on top of the coin’s price growth, which doubled this week." https://t.co/XbS2U4d9Q6
Kraken Parent Goes for the OCC Charter in Bid to Become a Federal Crypto Bank
Payward, the parent of crypto exchange Kraken, has filed an application with the U.S. Office of the Comptroller of the Currency for a national trust company charter. If approved, the new Payward National Trust Company would provide federally regulated custody...
Crypto's Self‑help Model Threatens Bail‑out‑dependent Banks
Banks get taxpayer-funded bailouts when they fail. Crypto communities come together to recover funds and solve problems themselves. This is why crypto scares the traditional financial system. https://t.co/M57ZF42q97
Payward Seeks Federal Bank Charter for Crypto Custody
Kraken's parent company, Payward, applies to become a Federal Bank, offering Bitcoin and crypto custody services https://t.co/hKVxGVLfFY
Bitcoin Slips Under $80,000 As ETFs Snap Five-Day Inflow Streak
Bitcoin hovered just under $80,000 on Friday, slipping 0.3% to $79,938 after five consecutive days of net inflows into US spot ETFs turned negative. The ETFs recorded a $277.5 million outflow, ending a $1.69 billion inflow streak, while Ethereum ETFs also saw...
Solana Poised for Breakout Amid Record Volatility Compression
Sentiment has been extra dumpy for this old crypto leader Volatility compression is at an all-time high Price is completing a multi-month base at a major polarity zone Short-term relative strength is surging All the right ingredients for an epic scoop 'n score... solana:So11111111111111111111111111111111111111112
BTC Long-Term Holder Momentum Hits Historic Spike
$BTC Long Term Holder Momentum just had one of its largest spikes in history. https://t.co/HaL4HbvQ1K
Ripple CTO Dismisses Bank Adoption Concern, Cites Business Logic
Ripple’s chief technology officer David Schwartz answered a crypto‑investor’s question about whether banks would adopt XRP simply because it would make Ripple the world’s most valuable financial institution. In a one‑sentence reply, Schwartz said the profit motive alone isn’t enough...
Novig Hits $4B Volume in Just 20 Months
Novig crossed 4 billion in cumulative volume...only 20 months in. Just getting warmed up. Well done @fawzitani, who led the A for Forerunner, and all of team @Novig ⚡️ https://t.co/9IYkcn2vza
Atkins Pushes Congress for Bitcoin Market Structure Bill
WOW WE ARE GETTING CLARITY WOW Atkins appeals Congress to pass Bitcoin and Crypto market structure bill. I think Paul Atkins is so much better than Gensler and you should be thankful. https://t.co/Lz1KF2A0uP
ECB's Lagarde’s Digital Euro Warning: Why Europe Shouldn’t Just Copy the U.S. Stablecoin Model
ECB President Christine Lagarde cautioned that the $310 billion stablecoin market, dominated by U.S. dollar‑pegged tokens, poses systemic risks that could spill over into asset markets during stress. She argued Europe should not replicate the private stablecoin model but instead develop...
Stocks Surge Like 2020 Memecoins Amid Crypto Cycle
We are in the part of the Crypto cycle where we are seeing stocks pump like 2020/2024 memecoins.
DeFi United Shows Code Isn't Always Law
The moment that stuck with me from @DEXintheCityPod: a non-crypto FinTech exec heard about DeFi United and asked, 'I thought code is law.' @kkirkbos @TuongvyLe12 and Jessi Brooks on what it means when it can. https://t.co/0e1ITmym8E
Coinbase Just DESTROYED These Altcoins (Ugly Truth Exposed)
In this episode of Discover Crypto, hosts dissect Coinbase's recent delistings of several altcoins, highlighting how low liquidity and questionable activity metrics led to the removal of perpetual futures for tokens like VeChain, Theta, and PancakeSwap. They also examine a...
New Bitcoin Market Structure Bill Promises Industry Clarity
SEC Crypto Task Force Chief Counsel says the Bitcoin & crypto market structure legislation will bring more clarity to the industry https://t.co/zyUfgzDbNc
Bitcoin Reserve Is Just Gold Ledger At
The Bitcoin National Reserve is actually just a gold ledger held at the Mar-a-Lago (trump steals it after he leaves office)
Crypto Market Slides 1% as Investors Await U.S.-Iran Peace Deal Outcome
Crypto assets slipped about 1% in the past 24 hours as investors held their breath for the result of U.S.-Iran peace talks. The dip coincided with a modest retreat in the Dollar Index and lower US Treasury yields, while the...
Senator Alsobrooks Confident Bitcoin Market Structure Bill Will Pass
US Senator Angela Alsobrooks says "I think it can pass, I really do" regarding the Bitcoin & crypto market structure legislation https://t.co/k0ottd3IYU
Critics Oppose Regulation, Seeking to Punish Crypto
"It drives me crazy how much you see from crypto critics who want to punish crypto by preventing regulation that provides rules and regulations." 🤯 https://t.co/Mwr3RXyd81
How the Evolution of Blockchain Is Changing Our Ideas About Trust
The article traces blockchain’s trust model from Bitcoin’s proof‑of‑work (PoW) origins to Ethereum’s 2022 shift to proof‑of‑stake (PoS) and the emerging proof‑of‑authority (PoA) approach. PoW’s high energy use prompted a move toward PoS, slashing Ethereum’s consumption by over 99%. PoA,...
Regulators Must Use Crypto to Craft Effective Policies
Government officials need to be able to hold Bitcoin. Hold stablecoins. Open a crypto account. 🪙 If the people writing the rules can't use the thing, you don't get good policy. You get policy written by tourists. ~ Faryar Shirzad view https://t.co/Mwr3RXyd81
Lawmakers Set Ground Rules for Web3 Development
The fact that lawmakers are now fighting over rewards instead of the foundation is the tell. 🔔 Listing rules, developer protections, legal certainty for blockchain builders. All locked in. The second internet just got its ground rules. ~ Faryar Shirzad...
Swiss Crypto Activists Drop Bitcoin SNB Proposal
Swiss crypto campaigners have abandoned a bid to require the SNB to hold Bitcoin after failing to collect enough signatures to trigger a plebiscite https://t.co/ApL0cXS5FV https://t.co/FClSCG0HZH
Hundreds of Stablecoin Projects Launch Post‑Genius Act
"150 to 200 separate stablecoin projects have been announced just since July when the president signed the Genius Act. The adoption is happening." 🚀 https://t.co/Mwr3RXyd81
Banks Deploy Aggressive Strategy to Tackle Stablecoins
"The banks have a pretty comprehensive strategy against stablecoins. They're not going to let this issue rest." 🏦 https://t.co/Mwr3RXyd81