7*24

Hot topic

Market

Activities

#BTC Price Guess: 18M HTX Awaits You Banking trade groups criticize Clarity Act for stablecoin loopholes The American Bankers Association, the Bank Policy Institute, and allied trade groups are soundi

#BTC Price Guess: 18M HTX Awaits You Banking trade groups criticize Clarity Act for stablecoin loopholes

The American Bankers Association, the Bank Policy Institute, and allied trade groups are sounding the alarm over a provision buried in the Digital Asset Market Clarity Act that they say creates a backdoor for crypto platforms to offer yield on stablecoins. The concern is straightforward: if stablecoin issuers can effectively pay interest under a different name, traditional bank deposits become a lot less attractive.

Section 404 of the CLARITY Act is the specific flashpoint. It permits stablecoin issuers to offer rewards based on a holder’s balance and the duration they hold, which, to the banking industry, looks an awful lot like paying interest without calling it interest.

What the banking lobby is actually worried about

The joint statement from the banking groups does not mince words. They argue that if these yield-like mechanisms go unchecked, the result could be a massive outflow of deposits from the traditional banking system. Their estimate of the damage is striking: lending to consumers, small businesses, and farmers could be curtailed by over 20%.

Consumer-focused banks, the community lenders and regional institutions that rely most heavily on retail deposits, are particularly anxious. Major Wall Street firms, by contrast, have been more supportive of the CLARITY Act because it provides clearer guidelines for crypto trading operations they’re eager to scale up.

The Clarity Act’s broader ambitions

The CLARITY Act was introduced on May 1, 2026, after what has been described as lengthy bipartisan negotiations. Its ambition goes well beyond stablecoins. The bill attempts to create a comprehensive federal regulatory framework for crypto markets.

A Senate Banking Committee markup was anticipated for the following week after introduction, signaling legislative momentum that crypto bills have rarely enjoyed.

The crypto industry has been advocating for a 

MEGA: Real-Time Execution Layer for Ethereum

$110K Spring Airdrop Rain—18 Days Straight!

Banking trade groups criticize Clarity Act for sta

MU: Top Memory Chip Maker 

HTX Creation Challenge — Post and Win 1,500U 💥HTX Community April Creation ContestBTC Price Guess: 18M HTX Awaits You UAE exits OPEC after nearly 59 years, escalating tensions with Saudi Arabia over o

HTX  Creation Challenge — Post and Win 1,500U 💥

UAE exits OPEC after nearly 59 years, escalating tensions with Saudi Arabia over oil production

The United Arab Emirates is leaving OPEC. After nearly 59 years as a member of the oil cartel, the UAE announced its exit from both OPEC and OPEC+, effective May 1, 2026. The decision unshackles one of the world's largest petroleum producers from the quota system that has governed its output for decades.

The UAE was pumping approximately 3.5 million barrels per day before the planned exit, making it the seventh-largest oil producer globally. With quota restrictions removed, more than 1 million additional barrels per day could theoretically hit the open market. For context, that is roughly the entire daily oil consumption of a country like Spain.

UAE exits OPEC after nearly 59 years, escalating t

HTX Creation Challenge — Post and Win 1,500U 💥HTX Community April Creation ContestBTC Price Guess: 18M HTX Awaits YouShanghai launches blockchain trading platform as commodity index drops 4.81% The SS

Shanghai launches blockchain trading platform as commodity index drops 4.81% The SSE Commodity Index dropped to about 7,468 points on May 8, 2026. Compared to last year, this was over 5% less.

To deal with falling prices, Shanghai is launching new initiatives.

The city has introduced a blockchain platform for bulk commodity trading, aiming to boost growth and modernize trade across the Yangtze River Delta.

Shanghai launches blockchain trading platform as c

On May 9, Bloomberg reported that BlackRock has filed documents to launch two new tokenized money market funds. One will be linked to the existing approximately $6.1 billion BlackRock Select Treasury 

BlackRock Plans to Launch Two Tokenized Money Market Funds

Ethereum's DeFi Dominance Declines to 54% Amidst Market Expansion Ethereum's leading position in the decentralized finance (DeFi) market has seen a notable decrease, with its dominance falling to appr

Ethereum DeFi Dominance Declines to 54%

HTX Community April Creation Contest

On May 9, local time, the Indian Consulate in Dubai announced on social media that an Indian wooden sailing boat caught fire and sank near the Strait of Hormuz, resulting in the death of one Indian sa

Indian Vessel Catches Fire and Sinks Near Strait of Hormuz, Resulting in 1 Death and 4 Injuries

XRP ETF Holdings Unveiled By $5 Trillion Asset Manager UBS: A Tale Spanning Nine Years UBS, the financial giant that manages more than $5 trillion in assets, disclosed this week that it holds position

XRP ETF Holdings Unveiled By $5 Trillion Asset
 Manager UBS: A Tale Spanning Nine Years

UBS, the financial giant that manages more than $5 trillion in assets, disclosed this week that it holds positions tied to XRP through XRP ETF vehicles and trust structures. 

The filing with the US Securities and Exchange Commission (SEC) shows that UBS’s involvement with XRP did not begin this quarter, and—according to one expert—should be viewed as the latest step in a long-running engagement with Ripple’s ecosystem.

From RippleNet To XRP ETF Exposure
In the SEC filing, UBS reported total exposure of approximately $1.5 million across two investment vehicles. The disclosure breaks down into 197,369 shares of the Volatility Shares XRP ETF and 317 shares of the Grayscale XRP Trust. 

Market expert Bull Winkle pointed out that UBS didn’t “discover” XRP recently. In 2016, UBS was among seven major banks that publicly joined RippleNet, according to his remarks on social media site X (formerly Twitter) this Friday.  

He described the SEC filing as not a starting point, arguing it reflects the continuation of a relationship that spans nearly a decade. In his view, the filing fits into a timeline that moves forward over time rather than appearing out of nowhere.

Winkle’s broader “full picture” starts with 2016, when UBS joined RippleNet. He then ties UBS’s follow-on involvement to 2023, when UBS became a strategic partner at Tenity, and to 2024, when Ripple joined Tenity as a co-investor. 

“Nine years. One direction,” Winkle concluded, suggesting institutional engagement with Ripple’s infrastructure is more layered than any single headline would suggest.

XRP ETF Holdings Unveiled By $5 Trillion Asset Man

Rain: Uniswap for Predictions on Arbitrum

HTX Creation Challenge — Post and Win 1,500U 💥HTX Community April Creation ContestBTC Price Guess: 18M HTX Awaits You Bitcoin holders are currently sitting on the highest unrealized profit levels sinc

Bitcoin holders are currently sitting

on the highest unrealized profit levels since mid 2025, CryptoQuant's analysis shows. The move may put a shadow on further bullish aspirations, as a section of analysts had already been predicting that this was a bull trap. As Bitcoin continues to enjoy its relatively long stint above the $80k price level, there are growing indicators that the cryptocurrency could face selling pressure once again.CryptoQuant tweeted: Based on the graph, the premier cryptocurrency's unrealized profit has risen sharply over the last 30 days. So much so that it mirrors the situation in June 2025, when the cryptocurrency was in the middle of a major bull market. The way it happened was that the cryptocurrency dumped hard in the last quarter of 2025 and the first quarter of 2026, going as low as $60k in the process. The major dip allowed smart buyers to accumulate the digital asset at reasonable prices, and it is now up more than 35% from the local bottom around $60k.

Bitcoin holders are currently sitting on the high

HTX Community April Creation Contest$110K Spring Airdrop Rain—18 Days Straight!HTX Creation Challenge — Post and Win 1,500U 💥Here’s a latest crypto-style post based on the buzz around Michael Saylor’s

Here’s a latest crypto-style post based on the buzz around Michael Saylor’s 20-year Bitcoin prediction 🚀

Michael Saylor’s bold 20-year Bitcoin outlook is creating massive buzz across the crypto market 👀

The Strategy executive chairman remains one of the strongest Bitcoin bulls, predicting long-term explosive growth for $BTC driven by institutional adoption, scarcity, and global capital rotation into digital assets.

According to Saylor, Bitcoin could continue compounding at strong annual growth rates over decades, potentially reshaping global wealth distribution and positioning BTC as a dominant store of value in the future.

His long-term vision is once again fueling debate among investors — is Bitcoin heading toward a multi-million dollar trajectory, or is the market underestimating its upside potential? 

Either way, Saylor’s conviction continues to keep Bitcoin at the center of global financial discussions.

#Bitcoin #BTC #MichaelSaylor #Crypto #BitcoinPrediction #Blockchain #CryptoNews #Web3

Here’s a latest crypto-style post based on the buz

Brad Garlinghouse, Ripple CEO, has expressed strong confidence in the future of XRP, arguing that proposed crypto legislation in the United States could accelerate growth across the broader XRP ecosys

Brad
Garlinghouse, Ripple CEO, has expressed strong confidence in the future of XRP, arguing that proposed crypto legislation in the United States could accelerate growth across the broader XRP ecosystem. Speaking during a recent interview, Garlinghouse emphasized that Ripple's support for the proposed CLARITY Act is not driven by concerns over XRP's own regulatory standing.Instead, he said the company believes the legislation could create a more stable environment for crypto innovation in the United States and encourage major financial institutions to participate more aggressively in the sector." We have a federal judge said in her opinion XRP in and of itself is not a security. Boom. We have clarity," he stated. Meanwhile, Garlinghouse said
Ripple's backing of the CLARITY Act reflects a broader industry perspective. He argued that many banks and financial firms may remain hesitant to fully embrace digital assets, despite growing interest in blockchain technology and crypto-based payment systems, if Congress does not establish clearer rules. He also explained that big players in finance are still nervous about sudden policy reversals by regulators such as the U.S. Securities and Exchange Commission. While the current rules under the existing administration have been seen as positive by some parts of the crypto industry, Garlinghouse noted that long-term certainty for institutions managing billions of dollars in assets cannot be provided by guidance alone.He stressed that legislation passed by Congress would last longer than temporary guidelines that could change under a new administration. "If we want the largest economy in the world to lean in, if we want the US to be as competitive as some other countries around the world in these technologies, we need the Clarity Act to pass," Brad Garlinghouse said. He argued that the bill could help position the United States as a

Brad Garlinghouse, Ripple CEO, has expressed stron

Thank you for making ShellAgent 2.0 a movement! 🔥 200+ AI professionals joined 🔥 100+ AI creator communities engaged 🔥 50+ top AI and crypto media covered ... This is more than another milestone of MyShell. The AI revolution is just getting started, and you're leading it with us.

Thank you for making ShellAgent 2.0 a movement! 🔥 200+ AI professionals joined 🔥 100+ AI creator communities engaged 🔥 50+ top AI and crypto media covered ... This is more than another milestone of MyShell. The AI revolution is just getting started, and you're leading it with us. <div><img style="max-width:100%;overflow:hidden;" src="https://d1x7dwosqaosdj.cloudfront.net/images/2025-08/bbf343b42e474848bccc6673c1ca3a09.jpg" alt="" /></div>

Buy Bitcoin’s dip,’ says Eric Trump

Do you think Tanssi is promising?	

BTC price hits a new high of $120,000! 

$1,000 in Little Pepe ($LILPEPE) Could Mirror Early Ethereum Gains if Adoption Trends Continue

硅谷大厂的AI“含金量”开始分级

对话a16z Crypto：AI替你购物的时代，会变成什么样？

BVNK 创始人：稳定币发展的三个阶段

Bitcoin 2026大会洞察：挖矿衰落，AI崛起，一场结构性大迁徙

All Comments0LatestHot

Trending Topics