Arthur Hayes urges Trump to veto the CLARITY Act, saying Bitcoin and crypto should not rely on regulation to survive. BitMEX founder Arthur Hayes said he hopes Trump vetoes the CLARITY Act, citing concerns over Bitcoin’s core purpose. Speaking in a May 13 interview with The Wolf Of All Streets,...
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L2BEAT Just Removed a Major Trust Risk From This Ethereum L2
L2BEAT independently regenerated all ZK circuits for Lighter’s desert verifier, confirming it matches the deployed contract on Ethereum. Lighter’s desert mode circuit sources were unavailable until recently, leaving users unable to exit funds without relying on the team. Users can now run the build script locally to verify ZK circuits...
Tether Expands Crypto Empire With Major Twenty One Capital Move
Tether International acquired SoftBank’s stake in XXI, becoming the dominant shareholder of the Bitcoin-focused company. SoftBank’s board representatives stepped down at closing, reshaping XXI’s governance ahead of its next development phase. Tether CEO Paolo Ardoino confirmed deepened conviction in XXI, calling it a top opportunity to build a Bitcoin-native public...
Pi Network V23 Upgrade Strengthens Mainnet Speed Security And Ecosystem Growth
Pi Network completes V23 mainnet upgrade with protocol, Ubuntu, and PostgreSQL updates to improve speed, security, and stability. Pi Network said its mainnet has completed a major V23 upgrade, covering protocol, server, and database changes. The update also included subsystem restructuring and large-scale historical data processing, while users await further...
Something Broke Inside Ethereum While Bitcoin Kept Absorbing the Hits
On-chain data reveals a sharp Bitcoin Ethereum divergence in taker volume. Bitcoin buyers hold ground while Ethereum sellers take full control. Bitcoin dropped from $82,000 to around $77,000 between May 11 and May 18. Ethereum fell from $2,400 to $2,100 over a longer stretch starting in April. Two price declines,...
Bybit Dumped XRP for a Month Straight. Now the Tables Have Turned.
XRP exchange-flow data shows Bybit’s month-long deposit streak ended around May 16 as Binance and Coinbase shifted into net withdrawal territory. Something shifted in XRP’s exchange behavior around mid-May. Not dramatically. Quietly. The kind of change that only shows up when you’re tracking transaction-level delta across platforms. According to on-chain...
Kraken and Coinbase User Reportedly Loses $6.7M in Crypto After Suspected Physical Attack
A Kraken and Coinbase user reportedly lost $6.7 million in crypto after a suspected physical attack, while stolen funds moved through Tornado Cash. A cryptocurrency user reportedly lost nearly $6.7 million after a suspected physical attack. According to on-chain investigator Specter, the attackers withdrew money from accounts associated with Kraken...
CFTC Sues Tim Walz Over Minnesota Prediction Markets Ban
The CFTC sued to block Minnesota’s prediction-market ban before it takes effect. The agency says prediction-market contracts are federally regulated swaps. Minnesota’s law would ban operating, advertising, and supporting these platforms. A massive legal battle just erupted between federal regulators and state leadership over the future of decentralized betting. The...
Trump’s Truth Social Pulls Bitcoin ETF Filing From SEC
Truth Social withdrew its Bitcoin ETF filing. The SEC had not yet approved the registration. The company may refile later under a different structure. Trump Media & Technology Group shocked digital asset markets today by pulling its regulatory filing. The parent company of Truth Social officially aborted its plans to...
USDT Added $5B While Rival Stablecoins Lost Billions Last Month
Stablecoin supply tops $300B as USDT adds $5B, while USDC, USDe and PYUSD lose $4.2B and net growth slows to 0.3%. Total stablecoin supply has moved above $300 billion, but monthly growth has slowed sharply. Tether USDT added more than $5 billion during the past month, while several rival stablecoins...