Uncategorized

A growing debate has emerged around the CLARITY Act, with claims that it is losing momentum in the US Senate partly due to a controversial crypto venture linked to President Donald Trump.

Critics argue that ties between the president and parts of the crypto industry are complicating efforts to move the legislation forward.

Meme Coin Controversy Fuels Political Pushback

Crypto analyst Simon Dedic publicly stated that Trump’s meme coin has become a central obstacle to regulatory progress. He argued that Democrats are using the situation as leverage, pointing to exclusive events attended by major holders of the so called Official Trump token, as well as losses experienced by retail investors, to push for stricter ethics provisions before supporting the bill.

Dedic suggested that the industry’s silence is influenced by its proximity to the president, claiming that many influential figures were present at a recent private gathering tied to the token.

Ethics Debate Gains Bipartisan Attention

Concerns about ethics requirements are now being echoed across party lines. Thom Tillis, a member of the Senate Banking Committee, indicated that he would oppose the bill if ethics provisions are not included before it advances.

At the same time, Adam Schiff noted that negotiations are still ongoing, with lawmakers working to resolve differences, although specific details of any ethics clause have not yet been finalized.

Legislative Delays and Time Constraints

The bill is also facing procedural setbacks. The Senate Banking Committee recently postponed a planned session to review the legislation, prioritizing consideration of Kevin Warsh instead.

With limited time remaining in the current legislative cycle, pressure is mounting. Ji Kim estimated that only a small window remains for Senate floor debate once recess periods and competing priorities are taken into account.

Mixed Outlook From Lawmakers and Industry Leaders

Despite the challenges, some policymakers remain optimistic. Cynthia Lummis expressed confidence that the bill will progress, suggesting key steps could take place soon.

Similarly, Bernie Moreno indicated expectations for completion in the near term, downplaying opposition from the banking sector.

From the industry side, Mike Novogratz predicted that the legislation could be finalized soon and signed into law shortly after, though internal estimates within his firm suggest the chances of passage this year remain uncertain.

Meanwhile, the American Bankers Association has requested additional time to review implementation rules tied to the GENIUS Act, highlighting continued resistance from traditional financial institutions.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Aave has introduced a structured recovery strategy after an April 18 exploit disrupted its liquidity pools and collateral positions across multiple blockchain networks.

The proposal outlines how DeFi United, a coalition of industry participants, aims to rebuild the backing of rsETH and return impacted markets to stability.

Recovery Process

The incident began when a vulnerability in rsETH’s bridge from Unchain to Ethereum was exploited, allowing a fraudulent transaction to be processed. This resulted in the release of 116,500 sETH to several addresses, some of which were later used as collateral on Aave V3, while others were transferred to Arbitrum.

As part of the initial response, Arbitrum’s security council froze 30,766 ETH tied to the exploit. However, a significant portion remained in circulation, heavily affecting the market. Currently, around 107,000 sETH is still locked in active positions on Aave and Compound.

To address this, Aave coordinated a broader industry response through DeFi United and released a step by step plan to restore rsETH’s backing to its intended value of 1.017 ETH. The strategy involves gradually converting ETH into rsETH and depositing it into the bridge lockbox, enabling the system to resume normal operations safely.

Meanwhile, LayerZero Labs and KelpDAO have implemented additional safeguards to reduce the likelihood of similar vulnerabilities in the future.

Aave also confirmed it will resolve affected positions through governance proposals on Ethereum and Arbitrum, including temporary adjustments to rsETH pricing to facilitate smoother liquidations.

Recovered tokens will be transferred to a multisignature wallet controlled by DeFi United, then redeemed for ETH via KelpDAO’s standard mechanism and used to offset losses across impacted markets.

Recovery Outlook and Risks

The protocol estimates it can recover approximately 13,000 ETH within Aave, while Compound is expected to regain about 16,776 ETH. During this process, all WETH and rsETH reserves across Ethereum Core, Arbitrum, Base, Mantle, and Linea will remain frozen.

Aave emphasized that while the plan is designed to restore rsETH without passing losses on to users, there are still execution risks. These include the need for governance approval, the possibility of interference from the attacker, and the effectiveness of newly implemented security measures.

The team concluded that if all steps are carried out successfully, rsETH backing will be fully restored and affected markets will return to stability.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Galaxy Digital reported a net loss of 216 million dollars for the first quarter of 2026, showing improvement from the 295 million dollar loss recorded a year earlier, even as declining cryptocurrency prices continued to weigh on performance.

Revenue for the period ending March 31 reached 10.04 billion dollars, down from 12.98 billion dollars in the same quarter last year, reflecting reduced market activity and weaker digital asset valuations.

Earnings Overview

The company linked its results primarily to a broader downturn in the crypto market, which led to unrealized losses across its investment portfolio. Adjusted EBITDA came in at a loss of 188 million dollars, while adjusted gross loss totaled 88 million dollars, according to its official statement.

Within its digital assets division, Galaxy posted 49 million dollars in adjusted gross profit, although the segment recorded a negative adjusted EBITDA of 19 million dollars. Trading volumes remained relatively stable compared to the previous quarter despite a wider decline across the industry. Meanwhile, the average loan portfolio dropped by 20 percent to 1.4 billion dollars due to falling asset prices and reduced borrowing demand.

The asset management and infrastructure solutions unit generated 18 million dollars in adjusted gross profit. Assets under management stood at approximately 5 billion dollars, while staked assets reached 3.2 billion dollars by quarter end, both declining from the previous quarter due to market depreciation.

Even so, the firm recorded 69 million dollars in net inflows during the period. The treasury and corporate segment reported an adjusted gross loss of 140 million dollars alongside an adjusted EBITDA loss of 167 million dollars, largely driven by unrealized losses tied to digital asset holdings.

Progress With CoreWeave Partnership

Separately, Galaxy moved forward with its data center strategy by delivering the first data hall at its Helios campus to CoreWeave, marking the beginning of revenue generation under its Phase One lease agreement. The company confirmed that construction remains on schedule and expects to deliver most of the 133 megawatts of critical IT capacity by the end of the second quarter of 2026.

Galaxy also secured approval from Electric Reliability Council of Texas for an additional 830 megawatts of power capacity, bringing total approved capacity at the site to over 1.6 gigawatts. Development of the next phase is already underway, with initial deliveries expected in the first half of 2027.

As of March 31, the company reported total equity of 2.8 billion dollars and held 2.6 billion dollars in cash and stablecoins. During the quarter, it repurchased 3.2 million shares worth 65 million dollars and completed its delisting from the Toronto Stock Exchange, leaving Nasdaq as its only remaining listing venue.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Is this a strategic narrative or a real signal that Iran is facing serious internal trouble?

US President Donald Trump stated on his social media platform Truth Social that Iran has reportedly communicated that it is now in a state of collapse.

He also claimed that Iranian officials are looking to reopen the Strait of Hormuz quickly while attempting to resolve uncertainties around their leadership.

These remarks came at a time when oil prices had surged past 100 dollars per barrel earlier in the day. Just 11 days ago, USOIL had dropped below 80 dollars amid reports that both sides were nearing a lasting peace agreement and Iran had committed to reopening the Strait. That optimism faded when the route was shut again, causing prices to rebound sharply. Following Trump’s latest statement, oil prices slipped below the key 100 dollar mark and have remained there for now.

At the same time, Bitcoin has continued to decline over the past 24 hours, falling below 76,000 dollars and reaching its lowest level this week. The cryptocurrency faced rejection near 79,500 dollars yesterday and has since lost more than 3,500 dollars.

Beyond geopolitical tensions, market attention is also focused on the outcome of the third Federal Open Market Committee meeting of the year, where the Federal Reserve is widely expected to keep interest rates unchanged. Even so, Bitcoin has shown a pattern of declining after such meetings over the past year.#crypto#cryptonewshttps://coinsignals.net https://t.me/coinsignalpublic

Artificial intelligence agents are becoming increasingly useful for automating tasks, but they also come with serious risks when not properly controlled.

One of the fastest growing trends in the past year has been “vibe coding,” where users generate functional code simply by describing what they want in plain language. These instructions are interpreted by AI systems and turned into working programs, allowing businesses to automate operations with minimal human input.

However, this convenience can quickly turn into a major liability.

Autonomous AI Deletes Critical Data in Seconds

A recent incident involving Claude Opus 4.6 highlights just how dangerous these systems can be. In only nine seconds, an AI agent deleted an entire company database along with all its backups, leaving users without access to essential data.

The affected company, PocketOS, experienced a severe outage after the autonomous agent took unintended actions. The system was operating through Cursor and made a single API call to their infrastructure provider, Railway, which resulted in the complete deletion of production data.

Founder Jer Crane explained that the AI was acting independently and attempted to resolve an existing issue by removing the database entirely. When questioned, the system acknowledged its actions and even outlined the rules it had violated.

Mixed Reactions from the Tech Community

The incident sparked widespread discussion, with many observers pointing out that the real issue was not just the AI’s behavior but the level of access it was granted. Allowing an autonomous system to operate with full permissions created a situation where a single mistake could cause catastrophic damage.

Rather than being viewed as an isolated failure, many see this as a broader lesson in system design, security, and infrastructure planning. The AI agent may have triggered the event, but the underlying problem was a setup that allowed one action to erase everything.#cryptp#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

A newly introduced proposal by the U.S. Securities and Exchange Commission could significantly simplify the process of listing crypto investment products that include XRP alongside major assets like Bitcoin, Ethereum, and Solana.

Under current regulations, each asset within a crypto trust must individually meet strict eligibility requirements. The proposed change introduces a more flexible framework that could remove this hurdle.

Key Details Behind the Proposal

The filing focuses on updating Rule 8.201 E, which governs how commodity based trust shares are listed on NYSE Arca. At present, every asset in such a trust must qualify on its own. The revised rule would instead require that at least 85 percent of a trust’s total value be held in approved assets, while the remaining 15 percent could include assets that do not meet the same criteria.

Bitcoin, Ethereum, Solana, and XRP are all specifically identified as qualifying assets. Each meets the requirements due to having established futures markets trading for at least six months, as well as exchange traded funds providing significant economic exposure.

To demonstrate how the rule would apply, the proposal outlined a sample portfolio consisting of 95 million dollars in qualifying assets and 5 million dollars in other digital assets. Since the approved assets would make up 95 percent of the portfolio, the trust would meet the listing requirements under the new structure.

A similar proposal has also been submitted by Nasdaq, while previous approvals such as the Grayscale Digital Large Cap Fund and Bitwise 10 Crypto Index ETF were granted under comparable conditions.

The proposal also makes it clear that non fungible tokens and collectible assets would not be considered eligible commodities under this framework. The SEC has up to 45 days from publication to make a decision, with the option to extend the review period to 90 days.

XRP Price Movement and ETF Momentum

Despite the positive implications of the proposal, XRP’s price has struggled to break away from broader market weakness. It is currently trading around 1.39 dollars, reflecting a daily decline of about 2 percent and a weekly drop of roughly 3 percent.

Although the token has gained modestly over the past month, it remains significantly below its level from a year ago and far from its all time high of 3.65 dollars reached in July 2025.

On a more positive note, demand for XRP related investment products has been rising. Spot XRP exchange traded funds have recorded cumulative net inflows of approximately 1.29 billion dollars, marking their strongest performance since launching in November 2025.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin’s upward momentum slowed after it failed to hold above 79500 dollars, leading to a sharp pullback that erased roughly 3000 dollars in value within hours.

While most major alternative cryptocurrencies recorded losses over the past day, a few outliers stood strong. BCAP and HASH emerged as the top gainers among the 100 largest altcoins, rising by 27 percent and 17 percent respectively.

Bitcoin Faces Resistance at 79500 Dollars

Bitcoin began the previous week on a weaker note, briefly dropping below 75000 dollars before surging to 79500 dollars after news that the United States and Iran had extended their ceasefire agreement. Following that rally, price action turned subdued, with Bitcoin trading within a narrow range between 77000 and 78500 dollars for several days.

The weekend brought limited movement despite geopolitical developments, including the cancellation of a United States delegation trip to peace talks with Iran and reports of a security incident at the White House.

Volatility picked up again on Monday when Bitcoin retested the 79500 dollar level for the second time in under a week. However, it faced rejection once more and quickly fell to around 77500 dollars. A brief recovery to 78250 dollars followed, but selling pressure soon returned, pushing the price down to just under 76500 dollars.

Although Bitcoin has since regained some ground, it continues to trade below 77000 dollars, with concerns that further downside could follow the upcoming Federal Reserve meeting.

At present, Bitcoin’s market capitalization remains under 1.54 trillion dollars, while its dominance over the altcoin market stays above 58 percent.

Pi Network Token Defies Market Downturn

Most large cap altcoins are also trading lower. Ethereum is below 2300 dollars, XRP has fallen under 1.40 dollars, and BNB is struggling to stay above 625 dollars. Other assets like Solana, TRON, and Cardano have also posted mild losses. Meanwhile, Zcash dropped sharply, alongside Monero and HYPE.

One notable exception is Dogecoin, which managed to stay in positive territory.

Pi Network’s native token stood out as the top performer among the 50 largest altcoins, gaining more than 5 percent and approaching 0.60 dollars. Over the past week, it has risen by approximately 11 percent, outperforming the broader market.

Meanwhile, BCAP and HASH recorded the strongest daily gains, climbing to around 106 dollars and 0.0125 dollars respectively.

The total cryptocurrency market has lost over 30 billion dollars in value within a single day, bringing the overall market capitalization down to below 2.65 trillion dollars.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Arthur Hayes has suggested that Bitcoin may climb to 125000 dollars before the end of the year, driven by rising global liquidity fueled by war related spending and shifts in the banking system.

Bitcoin recently slipped below 77000 dollars after failing to sustain another breakout attempt. Rising oil prices and uncertainty surrounding central bank decisions have dampened investor appetite for risk. Despite this, Hayes believes broader macroeconomic forces are beginning to favor the cryptocurrency.

War Spending Debt Growth and AI Disruption Reshape the Outlook

Speaking at Bitcoin Vegas 2026, Hayes shared a more optimistic forecast, arguing that increasing global liquidity could push Bitcoin significantly higher.

He pointed to three major influences shaping his outlook. These include credit contraction linked to artificial intelligence, anticipated leadership changes at the Federal Reserve, and structural adjustments in how United States banks will manage the growing burden of government debt. According to Hayes, expanding money supply will be essential as governments face mounting fiscal pressure, especially from rising defense budgets.

Discussing geopolitical tensions such as the US Iran conflict, Hayes acknowledged disruptions but noted that conditions have not deteriorated enough to trigger widespread risk aversion. This has allowed investors to remain focused on liquidity trends rather than reacting purely to geopolitical fear.

He also highlighted the impact of artificial intelligence on credit markets. Automation is increasingly reducing revenues for software as a service companies and threatening high income jobs that traditionally support borrowing. Hayes described this as a quiet credit deflation phase that central banks failed to fully address, contributing to Bitcoin’s earlier decline.

Liquidity Expansion May Offset Credit Weakness

Hayes explained that artificial intelligence poses risks similar to subprime credit issues, as many affected workers hold loans tied to previously stable incomes. However, he believes the macroeconomic environment shifted following the escalation of tensions earlier this year, as governments began preparing for higher wartime spending.

He dismissed concerns that incoming Federal Reserve leadership would adopt stricter monetary policies, arguing instead that authorities will remain constrained by the need to stabilize bond markets. This includes coordination with figures such as Scott Bessent.

Hayes described a system level adjustment where commercial banks swap reserve balances for government securities and repurchase agreements. This process reduces the Federal Reserve’s reported balance sheet without actually removing liquidity from the financial system.

He also emphasized the importance of the Enhanced Supplemental Leverage Ratio introduced on April 1, which allows major institutions like JPMorgan Chase and Citibank to hold fewer reserves. This change increases their ability to buy government debt and expand lending.

Growing Credit Supply Could Drive Bitcoin Higher

Citing estimates from S&P Global, Hayes noted that the regulatory shift could unlock about 1.3 trillion dollars in new lending. When combined with the banking system’s credit multiplier effect, this could generate roughly 4 trillion dollars in additional credit, more than compensating for losses linked to AI driven job disruption.

He also pointed out that foreign demand for United States government debt has slowed, even as total borrowing continues to rise. This places greater responsibility on domestic banks to absorb new debt issuance, particularly as defense spending accelerates.

In Hayes’s view, recent market volatility and geopolitical developments signal that Bitcoin may be ready for a breakout. He maintains that these conditions support his expectation that the cryptocurrency could reach around 125000 dollars by year end.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Some of Bitcoin’s recent price declines have occurred even in periods when the Federal Reserve chose to lower interest rates.

This week is shaping up to be one of the most significant economic periods of 2026, with the spotlight on tomorrow evening’s announcement from the United States Federal Reserve regarding interest rate decisions and future policy direction. While most analysts expect rates to remain unchanged, past trends suggest Bitcoin often becomes volatile after these meetings, frequently moving downward.

Will Bitcoin Experience Another Decline

Well known crypto analyst Crypto Rover has pointed out a recurring pattern that appears to have started around mid 2025. According to his observations, Bitcoin has declined after every Federal Reserve meeting since July 2025. He believes the upcoming FOMC meeting may follow the same pattern, with the possibility of another drop.

Recently, Bitcoin surged to around 79,500 dollars on multiple occasions but failed to maintain that level and has since settled near 77,000 dollars. Historical data also shows that significant daily losses often occur within the first week following these meetings.

What adds to the concern is that in late 2025, the Federal Reserve reduced interest rates by 25 basis points three separate times. Although rate cuts are generally seen as positive for risk oriented assets like Bitcoin, the cryptocurrency still declined after those decisions.

Or Could the Market Surprise Investors

Another analyst has presented a more optimistic outlook, suggesting that this meeting could mark Jerome Powell’s final FOMC appearance. Based on this, they speculate there could be a farewell rally that lifts the market following Wednesday’s announcement.

At the same time, analysts from Bitfinex have shared a more cautious perspective. They expect the market to either consolidate or revisit the 75,000 dollar level before the meeting. After the announcement, however, Bitcoin could potentially climb above 80,000 dollars for the first time in nearly three months.

Overall, the near term outlook suggests a period of consolidation or a possible pullback toward 75,000 dollars, while a strong move above 80,000 dollars would be needed to confirm a more sustained bullish trend.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

David Schwartz has issued a warning about a phishing campaign that used fake security alerts appearing to come directly from Robinhood. The emails were especially convincing because they passed standard authentication checks, making them look like legitimate communications sent through the company’s real email system.

Robinhood later acknowledged the issue, explaining that it was caused by abuse of its account creation process rather than a direct breach of its internal systems.

How the Phishing Emails Appeared Legitimate

According to Schwartz, the fraudulent email carried the subject line “Your most recent login to Robinhood” and claimed there had been a suspicious login attempt from a device labeled “Phone 17 Pro.” It also mentioned that a phone number linked to the account would soon be updated.

The message included a “Review Activity Now” button along with a warning that any confirmed changes could not be undone. This type of urgent language is commonly used in phishing attempts to pressure recipients into acting quickly without verifying the message.

Schwartz noted that while he was unsure of the exact method used, the emails appeared to have been inserted into Robinhood’s legitimate email infrastructure. Because email security systems often rely on verifying the sender’s domain, the messages were able to bypass filters and appear authentic in users’ inboxes.

Robinhood’s support team confirmed that some users received fake emails sent from an address resembling its official noreply account. The company emphasized that no systems were hacked, no user data was exposed, and no funds were compromised. It advised users to delete the emails, avoid clicking any links, and reach out through the official app if they had concerns.

A Growing Trend of Crypto Phishing Attacks

The incident quickly drew reactions online, with some questioning how such a large platform could be exploited in this way. Others pointed out that scams often increase during periods of market uncertainty.

A developer known as Dpac reported receiving a similar phishing message from attackers posing as XRP Cafe and highlighted another wave of scams spreading through compromised social media accounts that send malicious links via direct messages.

This event is part of a broader pattern. Earlier in the year, users of Ledger were targeted after a data breach involving a third party partner exposed customer information. Attackers followed up with fake notifications designed to trick users into revealing wallet recovery phrases.

Data from Scam Sniffer showed that phishing related losses surged by 207 percent in February compared to December, resulting in 6.27 million dollars in losses across thousands of cases. Tactics included wallet poisoning and deceptive transaction approvals.

In addition, the Federal Bureau of Investigation warned users on the Tron network about fake tokens impersonating the agency and directing victims to websites designed to steal wallet credentials.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic