The Senate Banking Committee plans to mark up the CLARITY Act on May 14, giving the stalled crypto-market-structure bill its clearest path this year toward a committee vote. The hearing would move one of Congress’s most closely watched digital-asset bills from private negotiations into a public amendment process, where lawmakers are expected to test whether […]
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The cryptocurrency market has seen increased commentary about the imminence of an altcoin season over the past week, with the Chainlink price performance a major contributor to the conversation. The LINK token, which has had a rough ride this year, seems to have roared back to life over the last few days. Despite facing rejection around the $10 mark earlier in the week, the Chainlink price appears to have finally broken the psychological resistance after strong action on Friday, May 8th. A prominent crypto analytics firm has pinpointed potential catalysts behind LINK’s recent price resurgence. LINK Exchange Supply Drops By 10% Since Early April: Santiment In a recent post on the social media platform X, Santiment identified the drivers for Chainlink’s price to reach $10.48, its highest market value since January. According to the market intelligence firm, the price jump in the past day has pushed the LINK token into the top 15 largest cryptocurrencies by market capitalization. Related Reading: Bitcoin Faces Massive Long Liquidation Imbalance As $15 Billion Sits Below Price Santiment revealed that a spike in Chainlink mentions in social media discussions over the past week might have played a role in the altcoin’s price resurgence. The analytics firm noted that Chainlink’s social volume reached a three-month high during the week. Indeed, an increase in social media comments and volume can signal improving investor sentiment for a cryptocurrency. However, investors might want to watch for extreme levels of social commentary, which could signal a local top, as the market tends to move in the opposite direction of the crowd. Furthermore, Santiment highlighted the recent decline in the Chainlink supply on centralized exchanges as another catalyst for its price breakout. According to the latest on-chain data, approximately 13.5 million LINK tokens have flowed out of cryptocurrency exchanges in the past five weeks, bringing down the exchange supply by more than 10.5% since early April. Typically, increased outflows from cryptocurrency exchanges are considered a bullish indicator, which could signal fresh accumulation or a shift in investor holding strategy (as investors with long-term horizons often hold their assets in non-custodial wallets). Hence, the Chainlink price could return to higher levels if the exchange outflow trend continues. Chainlink Price Overview As of this writing, the price of LINK stands at around $10.38, reflecting a more than 5% surge in the past 24 hours. Meanwhile, the altcoin has been one of the best-performing cryptocurrencies in the past week. Data from CoinGecko shows that the Chainlink price is up by nearly 14% on the weekly timeframe. Related Reading: Samourai Wallet Founder Writes From Prison Asking Bitcoin Community For Help — Family Is Out Of Options Featured image from iStock, chart from TradingView
Trust Wallet CEO Felix Fan and Mesh CTO Arjun Mukherjee said AI agents are creating a new role for crypto wallets.
The world's largest asset manager filed paperwork to expand its tokenized fund lineup as real-world assets grow 200% year over year.
After initially framing the exploit as a developer configuration failure, LayerZero said it “owns” the decision to let its own verifier secure high-value transfers in a vulnerable setup.
Bittensor's dual strategy enhances TAO's market presence, potentially boosting liquidity and attracting diverse investor interest in AI assets.
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Broad-based earnings growth across all sectors suggests a more sustainable market rally, potentially reducing reliance on mega-cap tech.
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The Ujah case underscores the urgent need for stronger consumer protection in the UK's rapidly evolving and vulnerable crypto market.
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The escalation undermines regional stability, complicates diplomatic efforts, and decreases the likelihood of Israel's timely withdrawal.
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CC price just woke up from months of sideways boredom, and traders finally have something besides chop to stare at. After a fresh batch of Canton Network updates hit the market, the token posted a 10% intraday surge and broke out from a tightening symmetrical triangle pattern that had been squeezing price action for weeks. …
The Iran conflict's impact on energy markets may drive a global shift towards diversified energy sources and increased upstream investments.
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Telegram takes over TON blockchain operations, becomes largest validator staking 2.2M TON, slashes fees sixfold as Toncoin surges 36% to $1.80.
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Speechify's AI-driven text-to-speech app revolutionizes accessibility for millions, transforming reading for dyslexic and ADHD users.
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The blockade exacerbates geopolitical tensions, impacting global trade and market confidence, with potential for prolonged economic disruption.
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Solana price is once again capturing trader attention after a sharp breakout pushed SOL above the $93 mark, fueling speculation that the coin could be preparing for its biggest rally of 2026. The latest move comes after weeks of sideways consolidation, with SOL finally breaking above a descending resistance trendline that had capped upside momentum …
Accelerated AI investment could reshape global economic dynamics, with geopolitical implications and significant energy market impacts.
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The Clarity Act could boost US crypto investments and competitiveness by providing regulatory certainty, but stablecoin rules remain contentious.
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Cardano is testing a key long-term support at $0.25 once again, a level that has repeatedly sparked strong upside reversals in past cycles. With historical reactions from this zone leading to major rallies, the current reaction could mark the early stages of another structural move higher if support continues to hold. $0.25 Emerges As Cardano’s Most Critical Support Level According to analysis by Ali Charts, the $0.25 price point has emerged as the most critical support level for ADA. By examining the monthly chart, the analyst highlights that this specific price floor has historically functioned as a powerful launchpad for major market reversals. Whenever ADA tests this boundary, it tends to signal the end of a bearish phase and the beginning of a significant upward trend. Related Reading: Cardano (ADA) Price Now At A Critical Level Following Strong Whale Activity The historical evidence cited by Ali Charts begins with the price action in January 2023. During this period, Cardano successfully defended the $0.25 level, which triggered a robust 88.27% rally over the subsequent weeks, demonstrating the high density of buy orders and institutional interest concentrated at this psychological and technical floor. A second, even more dramatic confirmation occurred in September 2023. Ali Charts pointed out that the level held firm once again, providing the necessary liquidity for a massive 243% surge. At present, Ali Charts observes that Cardano is once again interacting with this pivotal $0.25 support. The analyst suggests that this current bounce could be the early stage of a major structural rally. As long as the price remains above this floor, the technical outlook remains bullish, with initial price targets set at $0.36 and a more ambitious macro target identified at $0.53. However, Ali Charts maintains that a failure to hold the $0.25 support would signal a fundamental regime change in the market. Bullish Bias Holds As Long As Green Box Support Remains Intact In a recent ADA market update, Yusuf|Noon stated that Cardano still appears to be leaning toward further upside as long as price continues to hold above the highlighted green box support area. At the same time, the analyst noted that several intermediate resistance levels could create short-term obstacles for the ongoing move higher. Related Reading: Cardano Whale Count Climbs To 4-Month High Amid Steady Accumulation Although ADA is currently pulling back to retest an important technical level, there is not yet a clean structure to justify entering the trade. Rather than chasing price action, the preference is to remain patient and wait for a stronger confirmation setup to develop. Yusuf|Noon also explained that a pullback into the thin green box region could provide a more attractive entry opportunity if the price reacts positively from that area. In addition, the lower green box is being monitored closely as a potential sniper entry zone in the event of a sudden or extreme market dump. Featured image from Adobe Stock, chart from Tradingview.com
The UK's naval deployment highlights ongoing geopolitical tensions, impacting regional stability and maritime security in the Middle East.
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The Internet Computer crowd finally has something to celebrate besides survival. ICP price just ripped nearly 35% higher to touch $4.0 before cooling near $3.70, and for once, this wasn’t some random candle fueled by some kind of meme-level delusion. The breakout actually came with a proper narrative to which traders could sink their teeth …
ByteDance's increased AI investment highlights the intensifying global competition and strategic shifts in AI infrastructure and geopolitics.
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The Gemini card's ZEC rewards could drive sustained demand for privacy coins, influencing market dynamics and investor strategies.
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Israel's demand for strikes on Iran's energy sites heightens regional conflict risks, undermining peace prospects and impacting market stability.
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Nvidia's board expansion with a seasoned finance expert enhances its financial oversight, signaling a strategic focus on institutional maturity.
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Bitcoin’s brief drop below $80,000 during the last 24 hours has exposed a more fragile market after weeks of gains, but options traders are not yet treating the pullback as the start of a deeper breakdown. According to CryptoSlate data, the retreat erased part of a rally that had carried Bitcoin about 37% higher since […]
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A Manhattan judge modified a restraining notice to let Arbitrum DAO move $71 million in frozen Ether to Aave, while preserving terrorism victims’ legal claim on the funds.
IREN announced a massive $3.4 billion AI cloud infrastructure agreement with NVIDIA, including an option for NVIDIA to invest up to $2.1 billion in equity. The partnership triggered explosive trading activity, with IREN’s NASDAQ trading volume surpassing AUD $10 billion in a single session. Bernstein also initiated coverage on the company with a $100 price …
The prolonged high rates due to geopolitical tensions may deter speculative investments, impacting crypto markets and broader economic stability.
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Ondo's regulatory move could set a precedent for blockchain-based securities, influencing future tokenization frameworks and market dynamics.
The post ONDO Finance files SEC no-action letter, joins DTCC consortium for tokenized securities push appeared first on Crypto Briefing.
Crypto pundit Remi has declared that an XRP rally to $1,000 is nothing big, indicating that the altcoin could easily reach this target. The pundit also revealed why he believes that XRP could rally much higher, outlining potential use cases for the token. Pundit Explains Why XRP Can Rally Well Above $1,000 In an X post, Remi remarked that those who think an XRP rally to $1,000 is something “big” haven’t been out in the real world. First, he alluded to the DTCC, stating that XRP can’t be less than $100 solely because of the DTCC utility, as this could drive in “quadrillions” of dollars. The pundit is alluding to the DTCC working with Ripple on its tokenization goals, which could be bullish for XRP. Related Reading: These Catalysts Can Trigger The Next XRP Price Run, But Can It Reach $3? Furthermore, Remi noted that the inclusion of SWIFT, tokenization, U.S. debt, the Special Drawing Rights (SDR), and the entire banking system makes it impossible for XRP to support such use cases without slippage unless the token is worth over $1,000. In line with this, he declared that if the bull cycle ends quickly, then XRP is likely to have only a three-digit price tag. However, if the cycle extends, then the altcoin could rally above $1,000. The pundit also noted that XRP needs volume and adoption percentage, which he believes will only come with time. He declared that it will be a quick adoption. XRP is already seeing significant adoption with increased activity on the XRP Ledger. The total tokenized value on the network has surpassed $3 billion, according to data from RWA.xyz. The CLARITY Act Factor Remi stated that if the CLARITY Act gets signed into law by July, and the bull cycle ends in September, then XRP won’t have time to mature before the cycle ends. However, he believes the token will keep rising while the economy tanks, and that it could rally above $1,000 at year-end 2027 rather than at the start of the year. Related Reading: XRP History Is About To Repeat Itself And Price Could Rally 1,008% To Cross $10 Interestingly, the pundit also raised the possibility of XRP rallying to $100,000 in the near future, stating that this could happen when they make XRP an e-SDR. He declared that this would happen as the token becomes the settlement rail for the global financial system. He doubled down on the e-SDR angle, predicting that XRP could reach as high as $5,000 overnight if the International Monetary Fund (IMF) or the Bank for International Settlements (BIS) labels the token as an e-SDR. Remi also expressed confidence that this will eventually happen. At the time of writing, the XRP price is trading at around $1.42, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Peakpx, chart from Tradingview.com