Crypto on Cowlpane

The CLARITY Act will help reshore the crypto industry in the US — Attorney

Sat, 09 May 2026 19:00:05 +0000

Originally published by Cointelegraph

The “biggest market” in crypto is conducting the vast majority of its trading volume outside of US-based exchanges, according to Attorney Bill Hughes.

Passing the Digital Asset Market Clarity Act of 2025, also known as CLARITY, will help to reshore the crypto industry in the United States, according to Bill Hughes, the senior counsel and director of global regulatory matters at Consensys, a crypto infrastructure company.

“The US dollar is the world’s largest fiat on-ramp for cryptocurrency, accounting for over $2.4 trillion in volume between July 2024 and June 2025,” Hughessaid.

Second Bitcoin ETF issuer predicts BTC hitting $1M – but cuts timeline to within the next US Presidential term

Sat, 09 May 2026 19:00:03 +0000

Originally published by CryptoSlate

Matthew Sigel of VanEck said Bitcoin could reach $1 million by the next US Presidential term. That puts a 1,150% increase as a 2031 target inside a market that is still trying to prove it can hold the $80,000 area. CryptoSlate’s Bitcoin page shows BTC near $80,200 on May 9, with a market capitalizat

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The Nobitex dilemma: How Iran's biggest crypto exchange stays off the OFAC blacklist

Sat, 09 May 2026 17:42:09 +0000

Originally published by Cointelegraph

Iran entered the final night of February 2026 under a near-total internet shutdown. In the wake of a joint strike by the United States and Israel, Tehran almost completely severed the country’s connection to the global internet — likely leaving only users on a government whitelist with access to the outside world.

Iran’s internet formally remained part of global routing, but user activity fell almost to zero. That points to a managed restriction on citizens’ access to the external network. Source:IODA.

Trump Media’s Q1 loss widens to $406 million on bitcoin, CRO markdowns

Sat, 09 May 2026 17:28:08 +0000

Originally published by CoinDesk

The loss was primarily driven by $244 million in unrealized losses on cryptocurrency holdings and an additional $108.2 million investment loss.

Trump Media reported a Q1 net loss of $405.9 million on $871,200 in revenue, widening significantly from $31.7 million a year earlier.
The loss was primarily driven by $244 million in unrealized losses on cryptocurrency holdings and an additional $108.2 million investment loss.
As of March, DJT held 9,542.16 bitcoin (valued at $647.1 million) and 756.1 million Cronos (CRO) tokens (valued at $53 million).

Australian Police Seize Millions in Bitcoin From Alleged Darknet Marketplace Operator

Sat, 09 May 2026 17:24:07 +0000

Originally published by Decrypt

Two men face money laundering and drug charges following the seizure of $4.2 million in Bitcoin from alleged darknet marketplace dealings.

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Sports betting should be regulated as a financial product, not gambling, aspiring prediction market provider says

Sat, 09 May 2026 17:00:00 +0000

Originally published by CoinDesk

Novig CEO Jacob Fortinsky said his company will transition to a federal Designated Contract Market framework this summer to launch in all 50 states, while 57 Maiden’s Adam Mastrelli said he was banned from two major sportsbooks within two months for being “sharp."

Novig’s CEO said it will transition this summer from a 35-state sweepstakes product to a federal Designated Contract Market (DCM) framework, going live in all 50 states.

LayerZero issues public apology for Kelp DAO exploit response, admits fault in single-verifier setup

Sat, 09 May 2026 16:35:35 +0000

Originally published by The Block

LayerZero also disclosed a previously unreported incident in which a multisig signer used their production hardware wallet to execute a personal trade.

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Bank of Canada to bring stablecoin rules in 2027 with US Clarity Act on the brink of stalling

Sat, 09 May 2026 16:30:48 +0000

Originally published by CryptoSlate

Bank of Canada stablecoin regulations could arrive in mid or late 2027, pushing the detailed rulebook later into the same year that Canada’s government has already marked for its framework to take effect. That timing lands just as Visa Canada and Wealthsimple are piloting USDC settlement for certain

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It might be too late for bitcoin’s quantum migration, Project Eleven report argues

Sat, 09 May 2026 16:00:00 +0000

Originally published by CoinDesk

Quantum computing does not only pose a risk to up to $3 trillion in digital assets, it also threatens the security of banking systems, military communications, digital identities and more, Project Eleven’s report warns.

A new 110-page report from Project Eleven warns that more than $3 trillion in digital assets secured by elliptic curve cryptography could become vulnerable to quantum attacks within four to seven years.
The report says a “Q-Day” — when quantum computers can break widely used public-key cryptography — could arrive as early as 2030 and no later than 2033, threatening blockchains, banking, cloud systems and military communications.

Crypto industry cheers Senate Clarity Act markup date as market structure push resumes

Sat, 09 May 2026 15:56:49 +0000

Originally published by CoinDesk

The bill’s progress follows talks on jurisdiction, consumer/developer protections, and stablecoin rewards, with crypto firms backing a yield compromise.

The Senate Banking Committee will meet on May 14 to consider the Digital Asset Market Clarity Act of 2025, a crypto market structure bill.
The bill’s progress follows talks on jurisdiction, consumer/developer protections and stablecoin rewards, with crypto firms backing a yield compromise.
Crypto industry leaders cheered the markup, viewing it as a major step toward clarity, establishing clear rules, and giving certainty to U.S. builders.

Emerging-market users are treating crypto exchanges like banking apps, Binance says

Sat, 09 May 2026 15:41:38 +0000

Originally published by CoinDesk

One point three billion adults lack financial services, 4.7 billion lack credit, and 1.4 billion savers in low-income nations earn no deposit interest, Binance said.

Emerging markets are driving crypto adoption, accounting for 77% of Binance users in 2026, Binance said in a report. Users treat exchanges as “shadow banks” for savings, payments, and investments.
Crypto platforms fill a financial access gap. One point three billion adults lack financial services, 4.7 billion lack credit, and 1.4 billion savers in low-income nations earn no deposit interest, Binance said.

Why a 2017 Linux bug is now a major concern for the crypto industry

Sat, 09 May 2026 15:30:00 +0000

Originally published by Cointelegraph

The “Copy Fail” Linux bug could impact crypto infrastructure that relies on Linux servers, highlighting growing cybersecurity risks in the digital asset industry. Format: Explained

Copy Fail: The Linux vulnerability affecting crypto infrastructure security

1. Copy Fail: The Linux vulnerability affecting crypto infrastructure security

A recently uncovered security flaw in Linux is drawing concern from cybersecurity specialists, government agencies and the cryptocurrency sector. Codenamed “Copy Fail,” the vulnerability affects many popular Linux distributions released since 2017.

TeraWulf doubles AI revenue but posts $427M quarterly loss as mining income declines

Sat, 09 May 2026 14:23:38 +0000

Originally published by Cointelegraph

TeraWulf’s HPC lease revenue jumped 117% quarter-on-quarter to $21 million, but a $427 million net loss highlights the costs of transitioning from Bitcoin mining to AI infrastructure.

Bitcoin miner TeraWulf posted a net loss of $427 million in the first quarter of 2026, up from the $61.4 million loss recorded in the same period a year earlier.

Total revenue for the quarter came in at $34 million, with high-performance computing (HPC) lease revenue accounting for $21 million, roughly 60% of the total and a 117% jump from the prior quarter,accordingto a Friday announcement. Bitcoin mining revenue fell 50% to around $13 million.

Here’s what happened in crypto today

Sat, 09 May 2026 14:16:00 +0000

Originally published by Cointelegraph

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in crypto, US spot Bitcoin ETFs have logged six consecutive weeks of net inflows, US Senator Elizabeth Warren questioned Meta CEO Mark Zuckerberg over his company’s stablecoin plans. Meanwhile, BlockSec data showed Tether froze over $500 million in USDT across 370 Ethereum and Tron addresses in 30 days.

Bankers are scrambling as Senate schedules CLARITY Act markup for May 14

Sat, 09 May 2026 14:00:44 +0000

Originally published by CryptoSlate

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 amen

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Olympic Sprinter Can't Outrun Charges in UK Crypto Fraud Investigation

Sat, 09 May 2026 13:01:03 +0000

Originally published by Decrypt

U.K. police charged British sprinter CJ Ujah in an alleged crypto fraud scheme involving wallet seed phrase theft and impersonation calls.

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Bitcoin briefly slips below $80,000, but options traders are betting the dip won’t last

Sat, 09 May 2026 11:30:12 +0000

Originally published by CryptoSlate

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 abo

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The SEC looks at a 1990s fix for crypto markets to allow true “innovation pathway”

Sat, 09 May 2026 10:15:23 +0000

Originally published by CryptoSlate

In a May 8 speech, SEC Chair Paul Atkins said the agency could consider a limited “innovation pathway” for on-chain trading systems in the near future. Meanwhile, the agency will reserve formal notice-and-comment rulemaking to determine how crypto platforms fit inside the exchange definition. Atkins

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Bitcoin Breaks $92K as Institutional Inflows Accelerate

Sat, 09 May 2026 00:00:00 +0000

Bitcoin surged past $92,000 on Friday for the first time since February, capping a three-week rally driven by record inflows into cryptocurrency exchange-traded funds and renewed appetite from institutional investors.

The world’s largest digital asset hit an intraday high of $92,340 on Coinbase before settling near $91,800, representing a 14% gain over the past seven trading sessions. Ethereum also climbed, rising 8% to $4,650.

Spot Bitcoin ETFs recorded $1.2 billion in net inflows this week alone, according to data from Farside Investors — the strongest weekly showing since the products launched in early 2024. BlackRock’s IBIT fund led the pack, attracting nearly $600 million.

Take two: Senate Banking Committee sets a date to amend and vote on sweeping crypto legislation

Fri, 08 May 2026 23:24:54 +0000

Originally published by The Block

A much-anticipated hearing to vote on sweeping crypto legislation is happening, marking a second attempt in the Senate Banking Committee.

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Banking Industry Says Clarity Act Stablecoin Proposal Would Enable 'Evasion'

Fri, 08 May 2026 21:47:36 +0000

Originally published by Decrypt

Senators had hoped the issue, which has plagued crypto legislation for months, had been put to bed with a proposed compromise last week.

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What does Bitcoin “Power Projection” mean to the U.S. Military?

Fri, 08 May 2026 21:45:05 +0000

Originally published by Bitcoin Magazine

On April 21st and 22nd 2026, during a Senate Armed Services Committee, Admiral Samuel Paparo of U.S. Indo-Pacific Commandmade commentson Bitcoin’s utility in cybersecurity for the country’s military, calling it a “valuable computer science tool as power projection,” and disclosing thatINCOPACOM is running a Bitcoin nodein their experiments with the protocol.

The comments by the INCOPACOM Commander came just days after theIslamic Republic of Iran demanded payment in Bitcoinfor safe passage across the Strait of Hormuz. The mention of “power projection” echoed the work of a famous and controversial Bitcoiner,Jason Lowery, author of Softwar: A Novel Theory on Power Projection, MIT Fellow and Special Assistant to the Commander of INDOPACOM.

Duke law lecturer argues Trump-connected World Liberty Financial issued a security

Fri, 08 May 2026 21:03:42 +0000

Originally published by The Block

Lee Reiners argues World Liberty’s so-called governance token is not a so-called digital commodity or pure governance tool.

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CryptoQuant says bitcoin profit-taking could increase further amid ‘bear market rally’

Fri, 08 May 2026 20:44:35 +0000

Originally published by The Block

Bitcoin holders are increasingly taking profits after the rally, though a correction may still take time to materialize, CryptoQuant said.

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TeraWulf's AI Compute Revenue Outpaces Bitcoin Mining Amid $427 Million Loss

Fri, 08 May 2026 20:29:14 +0000

Originally published by Decrypt

Publicly traded Bitcoin miner and data center operator TeraWulf reported a hefty net loss in Q1 as its AI revenue took over from BTC.

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‘Shifted the vibes:’ Stablecoin deal revives crypto bill despite lingering ethics disputes

Fri, 08 May 2026 20:20:38 +0000

Originally published by The Block

Vibes are on the upswing a week after lawmakers reached a compromise on what had become a major sticking point in passing crypto legislation.

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Intel Stock Hits All-Time High After Preliminary Chip Deal With Apple

Fri, 08 May 2026 20:17:26 +0000

Originally published by Decrypt

A preliminary Apple-Intel manufacturing agreement—backed by a White House push—sent Intel stock above $130 on Friday.

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