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On May 9, the chairman of the Iranian Parliament's Energy Committee stated that oil production is ongoing at multiple oil fields across the country. Actions against Iranian oil tankers by adversaries 

Iranian Official: Oil Production Continues Nationwide, No Reports of Oil Leak Near Khark Island

Rain: Uniswap for Predictions on Arbitrum

HTX Community April Creation ContestBTC Shakes at $80K—Up or Down?HTX Creation Challenge — Post and Win 1,500U 💥 The banks lobbying against the $GENIUS Act just got hit with a detailed rebuttal backed

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

The banks lobbying against the $GENIUS Act just got hit with a detailed rebuttal backed by data. Galaxy Digital’s Head of Research, Alex Thorn, has published what he calls the most comprehensive model of stablecoins’ impact on Treasury markets and bank deposits. The conclusions directly contradict the banking industry’s core arguments against stablecoin regulation. Crypto regulation news today has a new data point that policymakers cannot ignore.The numbers are striking. Under the $GENIUS Act framework. Galaxy projects that 60% to 70% of stablecoin growth will originate offshore. That means the majority of new capital flowing into $GENIUS-compliant stablecoins comes from outside the U.S. banking system entirely. It is not from domestic depositors switching banks for better yields.

we just published the most comprehensive model of stablecoins’ impact on treasury markets and bank deposits. the banks are WRONG

Thorn stated the conclusion plainly. “Imported deposits from offshore will exceed domestic deposit migration roughly 2:1.” Consequently, that single finding dismantles the banking industry’s primary argument that stablecoins will drain domestic deposits and destabilize U.S. banks.

Beyond the sourcing question, each newly minted $GENIUS stablecoin is projected to generate approximately $0.32 in net U.S. credit expansion. When multiplied across the projected stablecoin market, the aggregate impact becomes significant. Galaxy’s base case projects $400 billion in stablecoin-related credit expansion by 2030. Meanwhile, the bull case reaches $1.2 trillion.

The $GENIUS Act requires stablecoin issuers to hold reserves in high-quality, short-duration assets. This means U.S. Treasury bills in practice. Tether already holds over $120 billion in T-bills. This makes it one of the largest holders of front-end government debt on earth. $GENIUS formalizes a

GENIUS Act Could Unlock $1.2T in U.S. Credit by 20

MEGA: Real-Time Execution Layer for Ethereum

The Senate Banking Committee is expected to hold a formal CLARITY Act vote as early as next week, Coinbase said at Consensus 2026. Summary The Senate Banking Committee is preparing to notice a markup 

The Senate Banking Committee is expected to hold a formal CLARITY Act vote as early as next week, Coinbase said at Consensus 2026.
Summary The Senate Banking Committee is preparing to notice a markup for the
CLARITY Act the week of May 11, with draft text already circulated to industry. Coinbase
VP Kara Calvert said the bill needs at least 60
Senate votes and warned that bipartisan backing is essential to advance it. A HarrisX survey shows 70% of voters believe the US should have already passed federal crypto legislation. Coinbase says the CLARITY Act is heading for a Senate Banking Committee vote as early as next week, with Kara Calvert, the company's vice president for US policy, telling Consensus 2026 in Miami that the markup is expected the week of May 11. The Senate Banking Committee has reportedly circulated draft legislative text to select industry members ahead of a potential Thursday vote, according to multiple sources cited by journalist Eleanor Terrett on X.
Calvert told Consensus 2026 attendees the bill needs at least 60 votes in the full Senate to advance and that bipartisan support is non-negotiable. "That means you need
Democrats," she said. "You need a bipartisan bill, and we have all been working really hard to make sure that bipartisanship holds." What is at stake in the vote The Digital Asset Market CLARITY Act would draw a statutory line between the SEC and the CFTC, assigning digital commodities to the CFTC and keeping digital securities under SEC oversight. The House passed the bill 294 to 134 in July 2025. Senate stalemate has followed since, with unresolved disputes over stablecoin yields and the role of banks in crypto markets delaying the committee markup multiple times. You might also like:
TeraWulf's HPC revenue tops Bitcoin mining for first time as Al pivot accelerates The latest movement comes after Senators Thom Tillis and Angela Alsobr

The Senate Banking Committee is expected to hold

HTX Creation Challenge — Post and Win 1,500U 💥HTX Community April Creation ContestBTC Shakes at $80K—Up or Down? TON price doubles after Telegram made a move critics say cuts against crypto’s core pro

TON price doubles after Telegram made a move critics say cuts against crypto’s core promiseToncoin ($TON) surged from roughly $1.32 on May 1 to an intraday high of $2.90 by May 7, pushing its market cap to approximately $7.8 billion.

The catalyst was Pavel Durov's announcement that Telegram would replace the $TON Foundation as the network's primary driving force and become its largest validator within two to three weeks.

Alongside that, ton.org was updated to state that the domain is “controlled by MTONGA.” Traders took the combination as confirmation that $TON had, in substance, become Telegram's chain. This means being directed by the same company whose 1 billion users would determine its value.Toncoin climbed from $1.32 on May 1 to an intraday high of $2.90 on May 7 after Durov announced Telegram would take over $TON's governance.
In January 2025, Telegram and $TON formalized exclusivity agreements that went far beyond branding.

$TON became the sole blockchain infrastructure for Telegram Mini Apps, $TON Connect became the required wallet-connection standard for blockchain-enabled mini apps, and Toncoin became the only cryptocurrency accepted for Telegram Stars, Premium, Ads, Gateway, and certain developer and channel-owner payouts.

TON price doubles after Telegram made a move criti

MU: Top Memory Chip Maker 

A lot of you think bagworking just involves just liking & RTing tweets. Some of you couldn’t comprehend the level of bagworking some people do & how much it helps a project. 1 person with dedication >

XAU/USD finished the week at $4,715, making a small gain and holding above the important $4,700 mark after recovering from... d Weekly Outlook: $4,715 Ey... ⚡ Start trading with only $50! Don't Miss O

XAU/USD finished the week at $4,715, making a small gain and holding above the important $4,700 mark after recovering from...

d Weekly Outlook: $4,715 Ey...

⚡ Start trading with only $50! Don't Miss Out! - Trade Now!


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Gold Weekly Outlook: $4,715 Eyes $4,765 as CPI, PPI, and ...

Gold Weekly Outlook: $4,715 Eyes $4,765 as CPI, PPI, and the Powell-to-Warsh Transition Define the Week

XAU/USD finished the week at $4,715, making a small gain and holding above the important $4,700 mark after recovering from...

Written by: Arslan Butt • Saturday, May 9, 2026 • 3 min read

• Last updated: Saturday, May 9, 2026

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Quick overview

XAU/USD closed the week at $4,715, maintaining a position above the critical $4,700 level after recovering from a low of $4,501.

Key economic reports this week, including April CPI and PPI, are expected to significantly influence gold prices.

If CPI is below 3.0%, gold could rise towards $4,828, while a hot CPI above 3.5% may strengthen the dollar and test gold's support levels.

The transition to new Fed Chair Kevin Warsh on May 15 could bolster gold demand due to expectations of more accommodative monetary policy.

XAU/USD finished the week at $4,715, making a small gain and holding above the important $4,700 mark after recovering from a low of $4,501. The week ahead is busy, with April CPI on Tuesday, PPI on Wednesday, jobless claims on Thursday, and Jerome Powell’s final day as Fed Chair on Friday. Each of these events could affect gold prices.



$110K Spring Airdrop Rain—18 Days Straight!

Gold Weekly Outlook: $4,715 Eyes $4,765 as CPI, PP

Cardano founder Charles Hoskinson used a Wednesday keynote at Consensus 2026 in Miami to argue that crypto’s next phase will not be won by another isolated chain, token or wallet. The Cardano founder 

Cardano founder Charles Hoskinson used a Wednesday keynote at Consensus 2026 in Miami to argue that crypto’s next phase will not be won by another isolated chain, token or wallet. The Cardano founder said the industry must make self-custody, identity, privacy and multi-chain access simple enough for mainstream users without handing control back to centralized intermediaries.

Hoskinson framed the problem bluntly: crypto still asks users to manage seed phrases, navigate exchanges, wait for withdrawals, choose between networks, avoid fake apps and understand DeFi risk before they can do anything useful. That, he said, remains the core barrier to bringing “the next few billion people” into the industry.

“The number one problem that people say again and again and again when they think about cryptocurrencies, whether you’re an experienced user and you’ve been in the industry a long time or you’re a completely new person, you’ve heard about the industry is, I’m gonna fuck it up. The safety side,” Hoskinson said. “That is the user experience in 2026. That make any sense to you? Is this like a product you wanna use?”

Cardano Founder Targets Crypto’s UX Problem

His answer was not to abandon crypto’s original principles, but to make them usable. Hoskinson contrasted crypto’s current experience with Web2 products such as Google Wallet, which he said has around 1.5 billion users and trains consumers to expect one-click setup, recovery and seamless mobile access. Crypto, in his view, cannot keep insisting it is “different” if the product experience remains too punishing for ordinary users.

A central theme of the keynote was abstraction. Hoskinson credited Ethereum with advancing account abstraction and chain abstraction 

Cardano founder Charles Hoskinson used a Wednesday keynote at Consensus 2026 in Miami to argue that crypto’s next phas

$110K Spring Airdrop Rain—18 Days Straight!HTX Community April Creation ContestHTX Creation Challenge — Post and Win 1,500U 💥 Banking trade groups criticize Clarity Act for stablecoin loopholesThe Ame

Banking trade groups criticize Clarity Act for stablecoin loopholesThe 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.

Banking trade groups criticize Clarity Act for sta

HTX Creation Challenge — Post and Win 1,500U 💥HTX Community April Creation ContestBTC Shakes at $80K—Up or Down? Cardano Becomes Second-Largest L1 Blockchain by Validation Count Cardano has climbed to

Cardano Becomes Second-Largest L1 Blockchain by Validation Count
Cardano has climbed to the second position among Layer 1 blockchains by validator count. 


According to Token Terminal, Cardano has emerged as the second-largest Layer 1 blockchain by validator count. The milestone strengthens Cardano’s reputation as one of the most decentralized proof-of-stake networks in the crypto industry.  

Key Points 

Cardano has become the second-largest Layer 1 blockchain by validator count. 

Data from Token Terminal shows Cardano currently operates with approximately 2,900 validators. 

Cardano surpassed several major Layer 1 blockchains in validator participation, including Algorand, Solana, and Polkadot. 

Popular staking provider Everstake stated that Cardano’s distributed validator structure could help drive the next major wave of Web3 adoption. 



Cardano Becomes Second-Largest L1 Blockchain by

Ethereum has moved higher with the broader crypto market this week, but its rebound is now facing a technical test that may decide whether the move has real strength or only a reflection of Bitcoin’s 

Ethereum has moved higher with the broader crypto market this week, but its rebound is now facing a technical test that may decide whether the move has real strength or only a reflection of Bitcoin’s momentum.

A recent technical outlook points to a shortfall on the ETH daily candlestick chart, as the price continues to stall below the upper end of its rising channel despite repeated attempts to extend the rally.

Ethereum’s Rally Is Showing A Shortfall

Technical analysis of the Ethereum daily candlestick timeframe chart shows that Ethereum has been trading inside a rising channel since February 2026. This is a structure that, in theory, should allow bulls to progressively push the price toward its upper boundary.

The structure has produced a sequence of higher lows, which is usually a good sign. However, the problem is that ETH has not matched that strength on the upper side of the pattern, at least in May.

According to a crypto analyst that goes by the name Ardi on the social media platform X, the channel’s upper boundary currently is around $2,520, but ETH’s recent advances have repeatedly stalled around $2,420. That leaves the price about 6% below the channel high, creating a shortfall.

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Source: Chart from Ardi on X

The daily structure is also not fully bullish. While ETH has reclaimed its short- and medium-term moving averages, the 200-day EMA is still above the current price, meaning the recovery is still incomplete.

The concern becomes more serious because Bitcoin has already achieved what Ethereum has not. The Bitcoin price has reached the upper side of its own channel structure to create a higher high around $81,000, meaning Bitcoin has been leading the market rally more cleanly.

The Level Ethereum Must

Ethereum has moved higher with the broader crypto market this week, but its rebound is now facing a technical

Orca: Top AMM DEX on Solana

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<p>0/ 2014年以太坊白皮书奠定了今天以太坊的基础。<br /><br />该论文解决了区块链可能面临的挑战。<br /><br />可扩展性就是其中之一。 </p><div><img style="max-width:100%;overflow:hidden;" src="https://d1x7dwosqaosdj.cloudfront.net/images/2025-07/d926baf8b6c949fc88e7ce3e903dab51.jpg" alt="" /></div><br /><p></p>

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