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Coinbase CEO Brian Armstrong called today a "historic day" for cryptocurrency and the future of U.S. digital assets after the CLARITY Act passed the Senate Banking Committee in a bipartisan vote. In a post on X, Armstrong said the bill has seen significant improvements since January in areas such as rewards, tokenization, DeFi, and the authority of the CFTC. He added that he is proud of the time spent fighting for customers and looks forward to the bill's final passage, which he believes will firmly establish the U.S. as the global capital for cryptocurrency. As CoinNess previously reported, the bill will now undergo a jurisdictional coordination and integration process with the Senate Agriculture Committee before it can proceed to a full Senate vote.

North Korean hackers and affiliated groups conducted fewer attacks in 2025 compared to the previous year but stole significantly more assets by focusing on high-value targets, Cointelegraph reported, citing a new report from cybersecurity firm CrowdStrike. The "2026 Financial Services Threat Landscape Report" states that these hackers are concentrating on Web3 projects and cryptocurrency exchanges due to their higher anonymity and relative ease of laundering funds compared to the traditional financial system. The value of cryptocurrency stolen by these groups in 2025 surpassed $2 billion, a 51% increase from 2024.

Whale Alert reported that 215,748,312 USDC has been transferred from an unknown wallet to Coinbase. The transaction is valued at about $216 million.

Whale Alert reported that 270,317,105 USDC has been transferred from an unknown wallet to Coinbase. The transaction is valued at about $270 million.

JPMorgan has analyzed that despite a general recovery in the cryptocurrency market, altcoins, including Ethereum (ETH), are underperforming relative to Bitcoin (BTC), a trend the bank believes is unlikely to change soon. In a recent report, JPMorgan stated that the trend of altcoin weakness against Bitcoin, which began in 2023, will likely persist without significant improvements in the DeFi and Real World Assets (RWA) sectors, The Block reported. The bank noted that Bitcoin has demonstrated greater resilience than Ethereum across all areas, from spot ETFs to institutional futures positions. JPMorgan also pointed out that while Ethereum has an upgrade scheduled, previous upgrades over the past three years have failed to boost network activity and have instead weakened its token burn mechanism. The report concluded that altcoins will likely continue to struggle amid deteriorating liquidity, a lack of market depth, and damaged investor confidence.

U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig said the Senate Banking Committee's passage of the Clarity Act markup yesterday is a step forward in making the U.S. the global capital for cryptocurrency. In a post on X, Selig stated that the country will remain a hub for crypto innovation for years to come by establishing a clear distinction between securities and commodities, creating clear rules for crypto trading, and ending enforcement-focused regulation.

According to CoinNess market monitoring, BTC has risen above $82,000. BTC is trading at $82,009.39 on the Binance USDT market.

Companies accumulating Ethereum are reorganizing their strategies around staking revenue rather than leverage-based models, Sharplink (SBET) CEO Joseph Chalom said in an interview with The Block. He noted that while Bitcoin-accumulating companies like MicroStrategy (MSTR) rely on leverage and financial engineering, firms gathering Ethereum can generate revenue directly from their holdings through staking. Chalom described MSTR's strategy as a form of excellent financial engineering but highlighted its structural complexity. He added that Ethereum could become a core asset for tokenization infrastructure, potentially leading its asset characteristics to diverge from Bitcoin's over the long term.

The Clarity Act has passed its markup in the U.S. Senate Banking Committee with a 15-9 vote. The vote, which sends the bill to the full Senate floor, followed more than two hours of debate and voting on dozens of amendments. The bill will now undergo jurisdictional coordination with the Senate Agriculture Committee before heading to a full Senate vote. A previously released amendment to the act includes provisions to: - Partially allow stablecoin rewards while limiting deposit interest - Protect DeFi developers - Clarify the jurisdictional standards for federal agencies like the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) Market observers have suggested that the bill's final passage could lead to increased institutional capital inflows and growth in the ETF and tokenization markets.

CME Group, the world's largest derivatives exchange, will partner with Nasdaq to launch a market capitalization-weighted cryptocurrency index futures product on June 8, CoinDesk reported. The index will be influenced by cryptocurrencies including BTC, ETH, SOL, XRP, ADA, LINK, and XLM.

The U.S. Senate Banking Committee, which is currently holding a markup session for the CLARITY Act, has rejected all detailed amendments proposed by Democrats. So far, more than 16 amendments have been voted down. Democratic senators have protested the chairman's handling of the markup process, arguing for the inclusion of ethics-related provisions in the bill. The committee is continuing to vote on the specifics of the legislation and will ultimately vote on whether to advance the bill to the full Senate floor. The committee is composed of 24 senators—13 Republicans and 11 Democrats—and requires 13 votes to pass the bill. If the Banking Committee approves the legislation, it will then undergo a process of jurisdictional coordination and integration with the Senate Agriculture Committee before it can be considered for a full Senate vote.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Democratic Senator Ruben Gallego, who had previously been critical of the CLARITY Act, has stated his support for the bill during its markup session in the U.S. Senate Banking Committee, according to Eleanor Terrett, host of "Crypto in America." However, Terrett added that Gallego specified his approval at the committee level does not necessarily mean he will support it in a full floor vote. The 24 members of the Banking Committee, comprising 13 Republicans and 11 Democrats, are currently debating and voting on dozens of specific provisions within the bill. The final committee vote will determine whether to advance the legislation to the full Senate. If the committee passes the bill, it will then proceed to a jurisdictional coordination and integration process with the Senate Agriculture Committee before facing a vote on the Senate floor.

The U.S. Senate Banking Committee has rejected an amendment to the CLARITY Act that sought to prevent conflicts of interest for the president and members of Congress regarding cryptocurrency. The measure, which would have banned these officials from participating in crypto businesses and mandated related disclosures, failed in a 13-11 vote during the bill's markup session. Senator Chris Van Hollen argued in favor of the amendment, claiming the Trump family has profited by billions of dollars from projects like World Liberty Financial (WLFI). He also alleged that the president's family benefited from memecoins such as Trump and Melania while ordinary investors suffered billions in losses. In response, Senator Bernie Moreno contended that the issue falls under the jurisdiction of the Judiciary Committee, not the Banking Committee, and dismissed the allegations as unproven. The committee is continuing to vote on other provisions of the CLARITY Act.

Token sale platform CoinList has launched Passage, a new platform designed to expand its business into the distribution of tokenized assets, The Block reported exclusively. The initiative aims to leverage CoinList's existing token sale infrastructure as an on-chain, compliance-focused model for collaborating with major institutional partners. CoinList recently completed an integration with Superstate and plans to collaborate with other partners, including Peaq and Dualmint, in the future.

The U.S. Senate Banking Committee has rejected a Democratic amendment to the CLARITY Act during the bill's markup session. The proposal sought to prevent money laundering using DeFi technology and establish liability for developers. Senator Chris Van Hollen argued that developers who intentionally facilitate illicit financial flows should be penalized. However, Senator Cynthia Lummis opposed the measure, stating that existing laws are sufficient to address the issue and that the amendment could negatively impact the technology industry.

The U.S. Senate Banking Committee is currently holding a markup session for the Clarity Act. The committee's 24 members—13 Republicans and 11 Democrats—are debating and voting on dozens of specific provisions, with a final vote to determine whether the bill advances to the full Senate floor. If passed by the committee, the Clarity Act will then need to be reconciled with the Senate Agriculture Committee regarding jurisdiction before a full Senate vote can occur. A previously released amendment to the bill includes proposals to partially allow stablecoin rewards while limiting deposit interest, protect DeFi developers, and clarify the federal jurisdictions of agencies like the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Market observers have previously suggested that the bill's final passage could increase institutional capital inflows and spur growth in the ETF and tokenization markets.

Binance has announced the listing of BTC/USD1 perpetual futures. The new contract will go live at 9:00 a.m. UTC on May 18 and will support up to 100x leverage.

The crypto mixing protocol Tornado Cash has come under renewed scrutiny during the U.S. Senate Banking Committee's markup session for the CLARITY Act, according to Eleanor Terrett, host of "Crypto in America." During the session, crypto critic and U.S. Democratic Senator Elizabeth Warren reportedly addressed Senator John Kennedy, stating that the CLARITY Act is a "Tornado problem." She asked if he remembered the mixer and asserted that its purpose was for terrorists to move their funds. Terrett explained that while Republican lawmakers argue the CLARITY Act can solve illicit finance issues, Warren believes the bill does not go far enough.

Kraken has adopted Chainlink's (LINK) CCIP as its cross-chain standard, replacing LayerZero (ZRO), CoinDesk reported. The decision is part of a broader trend following a security incident where LayerZero's cross-chain bridge was exploited in the hack of Kelp DAO's rsETH, raising concerns about the protocol's security.

According to CoinNess market monitoring, BTC has risen above $81,000. BTC is trading at $81,040.52 on the Binance USDT market.

U.S. President Donald Trump said in an interview with Fox News that Chinese President Xi Jinping has offered to help with the Iran issue.

U.S. Senator Elizabeth Warren, a prominent crypto critic, has called on the Securities and Exchange Commission (SEC) to investigate the Trump family's cryptocurrency business. The Democratic senator made the remarks during a Senate Banking Committee markup session for the Clarity Act. Warren and other Democratic lawmakers have persistently advocated for including provisions in the act to prevent conflicts of interest among high-ranking public officials.

Binance announced it has postponed the spot listing of AIGENSYN, which was scheduled for 1:00 p.m. UTC today.

On-chain analyst ZachXBT has alleged that insiders of the recently surging LAB token controlled over 95% of its supply before pumping the price, The Block reported. The token has risen more than 880% over the past month. Citing evidence of discounted over-the-counter (OTC) sales, a hidden supply, and signs of market making linked to exchanges, ZachXBT urged platforms including Bitget, Binance, and Gate.io to freeze any profits made by the insiders. He emphasized that his criticism is not advice to short the token, noting that since insiders hold most of the supply, there is significant potential for further price increases. ZachXBT has been identifying tokens suspected of price manipulation since last month and has consistently raised allegations against LAB throughout this month. He previously accused LAB founder Boba Sadikov of price manipulation and offered a $10,000 bounty for evidence.