Crypto

The SEC chair linked the rise of AI-powered financial systems with growing demand for blockchain-based market infrastructure and automated settlement.

Crypto exchange Kraken is seeking a U.S. federal banking charter to complement its Wyoming SPDI subsidiary.

Elizabeth Warren asked the Meta CEO to provide details on a stablecoin integration to the platform, a week after a small rollout to creators in Colombia and the Philippines. Massachusetts Senator Elizabeth Warren called on Meta CEO Mark Zuckerberg to answer questions about the company’s stablecoin integration in 2026, signaling concerns about guardrails. In a Wednesday letter to Zuckerberg, Warren said Meta’s lack of transparency regarding its stablecoin was “deeply troubling,” given the company’s previous plans to roll out Libra, a global stablecoin proposed in 2019 that was later rebranded to Diem. The senator said Meta’s plans were necessary for Congress to understand, given the US government’s efforts to pass a digital asset market structure bill with implications for stablecoin issuers. Read more

Despite the short-term price recovery, Bitcoin remains in a bear market, according to CryptoQuant analyst Julio Moreno. Bitcoin profit-taking could accelerate as BTC prices climb to three-month highs and investors begin locking in gains, according to Julio Moreno, head of research at onchain analytics platform CryptoQuant. Holders realized 14,600 BTC in profits on Monday, or $1.1 billion, following Bitcoin's April rally, Moreno said, adding that this is the “highest” single day of profit-taking since Dec. 10, when BTC was trading above $90,000. Bitcoin holders' realized profits spike after the April rally. Source: CryptoQuant Read more

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

Switzerland's effort to make the central bank hold Bitcoin is ending early after supporters secured only half the signatures.

The CLARITY Act is finally moving toward a long-awaited Senate Banking Committee markup next week, but its path is being complicated by a fight over whether Congress should impose new ethics restrictions on federal officials and elected leaders involved with the crypto industry. On May 7, crypto journalist Eleanor Terrett reported that the draft text […] The post Next week’s CLARITY Act markup could fall apart over Trump family crypto ethics fight appeared first on CryptoSlate.

Nvidia gains rights to invest up to $2.1 billion in IREN as companies race to lock down massive AI compute capacity.

Payward’s application would add a federally regulated trust company to the Kraken group’s existing Wyoming bank charter and Fed master account.

MSTR is forming an ascending triangle pattern on its weekly price chart, pointing to a breakout move toward $350 in the coming months. Strategy's MSTR stock may rally by over 80% in the coming months despite suffering a $12.54 billion net loss in Q1 2026. Key takeaways: As of Friday, MSTR was trading inside what appeared to be an ascending triangle, a technical pattern formed when the price prints higher lows beneath a flat resistance zone. Read more

Bitcoin traders called a "healthy bullish backtest" as BTC price action kept them guessing over whether $80,000 could be reclaimed. Bitcoin (BTC) struggled with an $80,000 reclaim at Friday’s Wall Street open as strong US jobs data added to headwinds. Key points: Data from TradingView showed ongoing BTC price volatility as buyers and sellers sparked gyrations around the key $80,000 mark. Read more

US authorities find an additional $10 million connected to Sam Bankman-Fried, the former CEO of Celsius ditches his legal team and a new law in Washington state bans crypto ATMs. On Wednesday, lawyers representing Alex Mashinsky moved to withdraw as attorneys in the case, saying that the former Celsius CEO would be “proceeding pro se” — representing himself in court. Mashinsky was sentenced to 12 years in prison for his role in fraud and price manipulation at the crypto lending platform. Source: PACER Roni Cohen-Pavon, Celsius’ former chief revenue officer, is scheduled to be sentenced on May 13 after pleading guilty in September 2023. On May 4, US prosecutors recommended that the judge consider Cohen-Pavon’s “substantial assistance” to the government at sentencing, signaling leniency. Read more

Lagarde warned that large stablecoins like Tether and USDC, which now dominate a $310 billion market, pose financial stability risks and could transmit stress to underlying asset markets during periods of turmoil.

Meme coins associated with the virus have already accumulated multimillion-dollar market caps.

The European Central Bank chief says Europe "knows which port it is sailing to,” and it's not towards a euro stablecoin.

Ethereum's share of the total value locked (TVL) in DeFi compressed from 63.5% at the start of 2025 to around 54% as of May 7, hovering near the lowest level recorded since May 2025. DefiLlama puts Ethereum's current TVL at $45.4 billion, while the chains absorbing share have each staked out a distinct function, such […] The post Ethereum loses 10% of its DeFi market share as rival chains close in appeared first on CryptoSlate.

Bitcoin’s 36% rally from $60,000 resulted in the relative strength index flashing a potential top signal not seen since early 2026. Bitcoin (BTC) traders expect a short-term correction as a key BTC price strength metric rises to its highest levels in almost fifteen weeks. Key takeaways: Read more

Coinbase says Amazon Web Services failures across multiple availability zones caused an extended outage on its platform.

a16z partner David George argues AI will reshape work instead of erasing it.

Price moved higher on a late volume burst, with traders watching whether compression near $1.39-$1.40 finally resolves into a larger move.