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Institutional investors pulled capital from Bitcoin and Ether products as Iran tension and rising inflation rattled markets, while XRP and Solana funds continued to attract fresh inflows. Cryptocurrency investment products posted heavy outflows last week as investors reduced risk amid inflation fears and uncertainty over a lasting ceasefire between the United States and Iran. According to CoinShares’ latest weekly report, digital asset exchange-traded products (ETPs) recorded $1.07 billion in net outflows, ending a six-week streak of inflows. It marked the third-largest weekly outflow this year. Bitcoin (BTC) investment products accounted for the bulk of the withdrawals, with $982 million in outflows. Ether (ETH) products lost $249 million, their largest outflow since the week ending Jan. 30. Read more

While Senator Tim Scott touted yesterday’s markup as bipartisan, just two Democratic senators supported the bill, and no Democratic amendments were adopted. The US Senate Banking Committee passed the crypto framework CLARITY Act yesterday. Now, the bill, for which the crypto industry has heavily lobbied since it was introduced in 2025, will head to the Senate floor for a broader debate.  As Cointelegraph reported, over 100 amendments were proposed while lawmakers hashed out the exact language of the bill. These covered a wide range of issues, including ethics, AI sandboxes and stablecoin yields. Read more

Crypto can feel bullish and bearish simultaneously because its major sectors have stopped moving together. Bitcoin collects institutional ETF flows while DeFi contracts, stablecoins expand into payment infrastructure, while altcoins lag, and layer-2 (L2) networks process record volumes while their tokens reprice sideways. Bitwise CEO Hunter Horsley offered a framework for the contradiction, arguing that […] The post Crypto is no longer a single industry, and that may be bullish appeared first on CryptoSlate.

Dune co-founder and CEO Fredrik Haga says the company’s staff cuts come as it shifts focus and is “all-in” on AI and institutional interest in crypto. Crypto data company Dune said it is laying off 25% of its workforce, citing a need to restructure its business to focus on its core products. “We’re restructuring Dune to sharpen our focus around the core data products thousands of customers across the crypto industry rely on,” Dune co-founder and CEO Fredrik Haga posted to X on Thursday. “That unfortunately means we’ve let 25% of the team go this week.” Haga did not share the number of staff who were laid off. The company’s LinkedIn shows about 150 employees. Haga said the company remained “well capitalized” and that Dune was “all-in” on artificial intelligence and growing institutional interest in crypto. Read more

The cybersecurity threats from North Korea are perpetrated by a myriad of small hacker groups deploying malware and executing social engineering scams. North Korea (DPRK) state-affiliated hackers and threat actors were responsible for more than $2 billion in crypto losses in 2025, a 51% year-over-year increase, despite fewer attacks carried out by the group, according to cybersecurity company CrowdStrike. DPRK hackers represent the “largest” threat group targeting cryptocurrency users, as measured by the dollar amount of assets stolen, according to the company’s 2026 Financial Services Threat Landscape report. Crowdstrike added: The DPRK hackers and scammers focused on targeting Web3 projects and cryptocurrency exchanges because the stolen funds could be “cashed out” and transferred with a greater degree of anonymity than in the traditional financial system, CrowdStrike said. Read more

The Senate Banking Committee meets in executive session later today, May 14, to consider the CLARITY Act, a bill that already cleared the House 294-134 in July 2025 and needs at least 7 Democratic votes to advance in the full Senate. Hashdex CIO Samir Kerbage reads the current crypto price action as confirmation that the […] The post Crypto markets are massively underpricing Clarity Act passing – Hashdex warns appeared first on CryptoSlate.

Voter attitudes toward the AI and crypto industries aren’t favorable in the US, and a spotlight on how much they’re spending could further alienate them ahead of the 2026 midterms. The AI and crypto industries have made headlines over the past year thanks to the impressive war chests amassed by corporate political action committees (PACs). Profligate spending during the last federal elections in the US has led to unprecedented policy changes favoring the crypto industry, with indications that a full legislative framework in the form of the CLARITY Act is on its way to becoming law.  But this hasn’t endeared the crypto industry to voters. Recent polls from Politico show distrust of the crypto industry, and the electorate isn’t sold on the benefits of AI. Read more

Crypto ETPs drew $858 million in inflows last week, led by Bitcoin with $706 million, as sentiment improved and short-BTC funds saw $14 million of outflows. Cryptocurrency investment products recorded a sixth straight week of inflows in their longest streak since April to July 2025, totaling $4.9 billion, as improving sentiment around US crypto legislation helped push Bitcoin above $80,000 and lift assets under management to their highest level since February. Crypto exchange-traded products (ETPs) posted around $858 million in inflows last week, sharply up from $118 million in inflows the previous week, CoinShares reported Monday. The gains were likely supported by developments around the US CLARITY Act, said CoinShares head of research James Butterfill, referring to a final compromise proposal regarding stablecoin yields released on May 1. Read more

Crypto.com says a new UAE Stored Value Facilities license will let residents pay Dubai government fees in crypto, as the company doubles down on regulated expansion in the Middle East and beyond. Update (May 11, 2026, at 13:17 UTC): This article has been updated to include responses from Mohammed Al Hakim, president and general manager for the UAE at Crypto.com. Crypto.com has received a Stored Value Facilities license from the Central Bank of the United Arab Emirates, allowing residents to pay Dubai government fees using cryptocurrencies via its platform, the company said Monday. The company says the license allows users to fund payments in digital assets while settlements are made in UAE dirhams or in dirham-backed stablecoins approved by the central bank under the SVF framework. Read more

Three companies reportedly pressed US senators for changes to a crypto bill, removing language that would require them to offer trading on tokens “not readily susceptible to manipulation.” Earlier in 2026, as a digital asset market structure bill was under consideration in the US Senate, cryptocurrency exchanges Coinbase, Kraken and Gemini reportedly pressed to remove language in the legislation that could have affected their token listings. According to a Friday Politico report, the three exchanges asked US lawmakers to scrap a provision in the market structure bill that would have required platforms to only offer trading on digital assets “not readily susceptible to manipulation.” The companies reportedly pressed senators to remove the language as it could have made it difficult for exchanges to list smaller tokens. The edit, which the news outlet reported occurred after the US Senate Agriculture Committee voted to advance its version of the bill in January, signaled the influence crypto companies in commun...

Institutional capital is returning to crypto as Bitcoin ETFs surge, prediction markets mature and banks accelerate tokenized finance adoption. Institutional capital is flowing back into digital assets, but this cycle looks very different from the last one. Prediction markets are beginning to attract serious attention from Wall Street, Bitcoin exchange-traded funds (ETFs) are once again seeing large inflows and venture giant a16z is loading up another multibillion-dollar crypto war chest. Meanwhile, traditional banks are quietly accelerating their push into tokenized finance infrastructure. Taken together, this week’s Crypto Biz points to a broader shift underway across the industry. Crypto companies are no longer just chasing retail traders — they’re increasingly building products for asset managers, banks, hedge funds and institutional investors looking for regulated ways to access digital assets. Read more

Arthur Hayes: Bitcoin Lives Outside Regulation The post Bitcoin Operates Outside the Regulatory System: Arthur Hayes Take on Crypto and Clarity Act appeared first on Cryptonews.

Days before an Indiana primary, the Defend American Jobs PAC reported spending about $514,000 on media in support of a Republican House member running for reelection in the state‘s 4th Congressional District. Defend American Jobs, the cryptocurrency-backed political action committee (PAC) affiliated with Fairshake, reported spending more than $500,000 on media to support a Republican incumbent representative in Indiana. According to a Saturday filing with the US Federal Election Commission (FEC), the Defend American Jobs PAC spent about $514,000 on media in support of James Baird, a Republican House member running for reelection in Indiana's 4th Congressional District. The spending was the latest in Fairshake’s spending on the 2026 US elections ahead of today's Indiana primary elections. Source: FEC Read more

Crypto ETPs shed $619 million over four days before a $737 million Friday session rescued the week, extending the inflow streak to $4.02 billion across five weeks. Digital asset investment products recorded $117.8 million in inflows last week, marking a fifth consecutive week of gains after a late-week rebound reversed earlier outflows. Crypto exchange-traded products (ETPs) shed $619 million across Monday through Thursday before a single-session inflow of $737 million on Friday flipped the week to positive, according to a report from CoinShares published Tuesday. Total assets under management held steady at $155 billion. The Friday figure ranks among the largest single-day inflows of 2026, CoinShares head of research James Butterfill wrote, adding that it reflects “a sharp improvement in risk appetite.” Read more

The efforts of the SEC and CFTC chairmen indicate that the crypto industry will not suffer without the CLARITY Act, according to crypto executive Chris Perkins. The US crypto industry’s momentum won’t be derailed in the long term even if the much-anticipated CLARITY Act, aimed at bringing more regulatory clarity to the crypto industry, doesn’t make it through Congress, according to 250 Digital Asset Management CEO Chris Perkins. “If not, we’re going to be just fine,” Perkins said on Cointelegraph’s Chain Reaction podcast on Friday, emphasizing that the two major financial regulators are already building workable frameworks. Perkins pointed to ongoing efforts by US Securities and Exchange Commission (SEC) Chair Paul Atkins and Commodities and Futures Trading Commission (CFTC) Chair Michael Selig, following the agencies’ joint interpretation released in March on how federal securities laws apply to crypto assets. Read more

Crypto markets splinter as miners pivot to AI, BitMine doubles down on ETH, stablecoin liquidity idles, and tokenized Treasurys reshape trading collateral. Historically, crypto markets have been driven by a dominant narrative. Not today.  In one corner, miners are trying to break free of four-year cycles. IREN is being recast as an AI infrastructure company, with analysts pointing to data centers and compute demand as the real growth engine. In another corner, BitMine is doing the exact opposite, pouring billions deeper into Ether (ETH) even as losses mount.  The disconnect doesn’t stop there. Stablecoin balances have ballooned to over $300 billion, yet activity has dropped sharply. It reflects capital waiting, with no clear consensus on what comes next. Read more

Crypto VC funding fell to $659 million in April, its lowest monthly total since July 2024, as dealmaking slowed across the sector. Crypto venture capitalist (VC) funding plunged to a near two-year low in April as investors pulled back from crypto start-ups and early-stage companies. Crypto VC funding fell to $659 million across 63 funding rounds in April, down 74% from the $2.6 billion seen across 84 rounds in March, according to Cryptorank data. This brings the total year-to-date investments to $5.64 billion so far in 2026.  The April total was the lowest monthly fundraising sum since July 2024, when crypto projects raised $622 million across 132 rounds. Read more

X has given users a new way to turn down the noise in their For You feeds. The first signal from that tool should make the crypto industry uncomfortable. According to X product executive Nikita Bier, crypto ranked as the most-snoozed topic since the platform began rolling out topic snoozing for Premium subscribers. It came […] The post Crypto is the most “muted” term on X as public splits between believers and avoiders appeared first on CryptoSlate.

Losses from crypto hacks have topped $630 million in April across more than 25 hacks, with DeFi dominating major incidents and exploits accelerating despite security updates. The cryptocurrency industry has seen a sharp spike in hacks in April, with losses topping $600 million in the worst month for crypto hacks in more than a year. According to DeFiLlama, the total value hacked in April so far amounted to $629.7 million, the highest since $1.47 billion in February 2025. With KelpDAO’s $293 million hack and Drift Protocol’s $280 million exploit accounting for 82% of the monthly losses, decentralized finance (DeFi) has taken the unwanted crown as the most targeted sector over the past month. Read more

Crypto has become the most-muted topic on X since the platform launched its snooze feature, with AI-generated spam and InfoFi posting likely driving users to tune it out. Crypto has topped the list of most-muted topics on X since the platform rolled out its snooze feature, with spam and artificial intelligence content, or "AI slop," likely playing a major role. On Thursday, Nikita Bier, X’s head of product, revealed that crypto has become the most-muted topic ahead of politics, the Iran conflict, sports and business and finance, a notable shift in a platform that was once the heartbeat of Crypto Twitter. The snooze feature, which lets Premium subscribers hide topics from their For You feed for 24 hours, was launched on April 22. At the time, Bier described the tool as a way for users to “crank up or turn down the slop,” apparently a nod to the flood of low-quality content that has increasingly plagued the platform. Read more