Circle shares surged nearly 20% on May 4, closing at $119.53, after U.S. Senators Thom Tillis and Angela Alsobrooks reached a bipartisan compromise on the CLARITY Act’s stablecoin rewards language.

A newly created Hyperliquid wallet deployed $1.31 million into a 6x leveraged long on toncoin (TON) on Tuesday, setting a liquidation floor at $1.4213 and drawing immediate attention from onchain tracking firms.

A trader closed a 700 bitcoin short position on Tuesday at a $1.94 million loss, erasing all $1.71 million in profits from 11 consecutive winning trades in a single position gone wrong.

Russia’s Moscow Exchange (Moex) will begin publishing four new cryptocurrency indexes for solana ( SOL), XRP, tron ( TRX), and BNB starting May 13, expanding its regulated crypto benchmark suite beyond bitcoin and ether for the first time.

Hut 8 Corp. has entered into a $200 million, 364-day bitcoin-backed credit facility with Falconx, replacing its previous arrangement with Coinbase Credit.

Bitcoin climbed above $81,000 on Tuesday for the first time since January, powered by $2.44 billion in April ETF inflows, geopolitical relief following the U.S.-Iran de-escalation, and a short squeeze that sent leveraged bears scrambling for the exits.

Spencer Bogart, general partner at Blockchain Capital, noted that while years ago fintech companies aimed to be bank-like but not banks, this trend has now reversed, with over 20 companies pursuing Office of the Comptroller of the Currency (OCC) charters in 2026.

Innovation City, an AI-powered free zone in Ras Al Khaimah, has launched a blockchain-based digital business identity system to replace traditional and static business licenses with “living,” cryptographically verifiable assets on the OPN chain.

The prediction market sector posted $8.6 billion in taker volume during April 2026, with Kalshi overtaking Polymarket to claim the top spot, according to onchain data tracked by Dune Analytics.

The new fund will focus on supporting initiatives targeting innovation in three key areas: services for the new financial infrastructure, including crypto and other technologies; new assets and markets, including tokenization and on-chain digitization; and the agentic economy.

Securitize Markets received expanded FINRA approval to custody, settle, underwrite, and distribute tokenized securities. The decision lets the broker-dealer support on-chain settlement against stablecoins while expanding its role in digital securities offerings.

Wall Street may be underestimating a bitcoin-linked carry trade resembling the yen carry trade as capital shifts from Fed funds to higher-yield income products. Strategy’s STRC shows an 11.52% effective yield, underscoring the widening spread attracting institutional focus.

Ripple will share DPRK-linked threat intelligence with Crypto ISAC to help crypto firms screen applicants, contractors, and vendors. The program covers fraud domains, wallets, and compromise indicators tied to active campaigns.

Uphold rejected New York’s CredEarn settlement claims, saying the regulator misrepresented its role in Cred LLC’s collapse. The company agreed to more than $5 million in customer repayment while denying knowledge of alleged fraud or any intent to mislead customers.

According to Certik’s Stefan Muehlbauer, the recent indictment of an Army sergeant for using nonpublic information to bet on Polymarket establishes a precedent: misappropriating government or corporate data now carries the same legal weight as Wall Street securities fraud.