Six major U.S. banking trade groups issued a statement Friday opposing proposed compromise language in the Clarity Act, arguing it contains loopholes that would allow crypto companies to evade restrictions on stablecoin yield. The groups, representing national and community banks across all 50 state

According to Bloomberg, prediction market platform Kalshi has reached a $22 billion valuation after closing a $1 billion Series F funding round just five months after its previous raise, doubling its value. The round was led by Coatue Management and included major investors such as Andreessen

According to Beating, a technology intelligence platform, the $725 billion AI infrastructure investment is rapidly depleting the free cash flow of four major tech giants—Amazon, Alphabet, Microsoft, and Meta. In Q3 2026, their combined free cash flow is expected to drop to approximately $4 billion,

According to CoinDesk, some Revolut users saw Bitcoin's price plummet to as low as $0.02 on Friday, May 8, far below the global market level where BTC traded near $79,000. The price displayed a sharp dip on the app's chart before quickly recovering to normal levels. Major exchanges tracked by

According to BlockBeats citing Hyperinsight monitoring, on May 8, three major BTC long addresses on Hyperliquid simultaneously closed positions over the past 30 minutes, creating 776 BTC sell orders worth approximately $62 million at an average price near $79,880. The positions were closed near

According to News Tomato, on May 7, the U.S. is advancing stablecoin institutionalization to maintain Treasury bond demand and dollar dominance in future payment markets. As China reduces Treasury purchases amid U.S.-China tensions, stablecoin issuers serve as major buyers to sustain demand. The

According to CoinMarketCap, Polygon reduced its block time to 1.75 seconds on May 8, marking the first such upgrade since launch as the network targets institutional adoption and stablecoin payments. The improvement enables faster transaction finality across applications running on Polygon,

On May 8, Japanese fintech firm Progmat launched a working group with over 40 institutions including BlackRock Japan, major banks MUFG and Mizuho, and leading securities firms to explore tokenizing Japanese government bonds (JGBs) on blockchain. The initiative aims to enable instant repo

According to analyst Alicharts, Bitcoin's estimated leverage ratio on major futures exchanges rose to approximately 0.26, the highest level in nearly one year, exceeding the October 2025 peak. The increase reflects heightened risk appetite among traders using leverage, signaling market optimism

According to ChainCatcher, citing Mist's Chief Information Security Officer 23pds, a critical privilege escalation vulnerability named Dirty Frag has been discovered in Linux systems. The flaw allows any low-privileged local user to directly obtain root access on virtually all major Linux