Market
Crime
IRL crypto threats: Physical “wrench attacks” have led to over $100 million in losses since January alone
Wrench attacks are forcing exchanges and holders to rethink protection as criminals target the people behind private keys.
DeFi
Chainlink emerges as the unlikely $3B winner of KelpDAO exploit as DeFi projects dump LayerZero
More than $3 billion in DeFi value is moving toward Chainlink’s CCIP after the KelpDAO exploit exposed weaknesses in bridge verification.
ETF
Morgan Stanley’s MSBT ends first trading month with 0 outflows amid Bitcoin ETFs 6-week inflow streak
US spot Bitcoin ETFs have drawn $3 billion since early April, providing a strong macroeconomic tailwind for MSBT's zero-outflow first month.
Tokenization
BlackRock looks to sidestep Clarity yield issues, filing for two new tokenized money market funds
BlackRock aims to capture a larger share of the rapidly expanding $30 billion tokenized asset market.
Legislation
Bankers are scrambling as Senate schedules CLARITY Act markup for May 14
The markup will test whether the stablecoin compromise can survive pressure from banks, crypto firms and Democrats seeking ethics language.
Market
Bitcoin briefly slips below $80,000, but options traders are betting the dip won’t last
Despite the brief slide under $80,000, aligning on-chain metrics and resilient options markets point toward a potential structural breakout
Politics
Next week’s CLARITY Act markup could fall apart over Trump family crypto ethics fight
A long-delayed Senate vote is nearing, but Democratic demands for conflict-of-interest language could disrupt the bill’s bipartisan path.
Exchanges
Coinbase went down for over 5 hours after missing earnings. Bulls still see a path to $300 billion by 2030
Coinbase to aggressively pivot toward stablecoins and autonomous commerce to achieve $300 billion market cap by the end of 2030.
AI
Bitcoin miners using AI as a bear market escape plan just got a new rival in Elon Musk
SpaceX-Anthropic deal validates miners’ bet on electricity scarcity while exposing them to competition from deeper-pocketed technology platforms.
Price Watch
Bitcoin price recovery faces pandemic-style fear as Hantavirus scare gets amplified
Bitcoin’s latest $80,000 rally is better insulated against pandemic-style fears than the retail-driven market of the past.
Price Watch
Zcash just exploded 40% – and the privacy coin rally is no longer just a crypto-native trade
Investors bet that the rise of AI and global data collection will force a massive premium on the zero-knowledge privacy features of ZEC.
Legislation
Banking lobby attempts to kill Clarity Act’s stablecoin progress as markup is scheduled for next week
US banks say stablecoin-reward language still leaves loopholes, while lawmakers argue the compromise is needed to move the CLARITY Act forward.
