Author: WebDesk

New CLARITY Act draft has been released. This draft aims at fixing key crypto industry concerns. Ethics rules remains unclear, leaving Democrat support uncertain. Surprise housing bill inclusion adds controversy before vote. The US Senate Banking Committee has released a new 309 page draft of the Digital Asset Market Clarity Act, also known as the CLARITY Act, which is setting the stage for Thursday’s pivotal markup vote as per well-known crypto journalist Eleanor Terrett. Committee members now have until close of business Wednesday to file for any amendments before the executive session commences. The release has come after months of…

Global crypto funds have extended their positive streak into a sixth straight week amid growing rally conviction and a boost from improving sentiment around the CLARITY Act ahead of its long‑delayed Senate Banking markup. Related Reading Bitcoin Leads Crypto Funds $858M Inflows Global crypto investment products have extended their positive streak for the sixth consecutive week after posting $857.9 million in inflows over the past week. The funds saw a significant surge from the modest $117 million recorded on the week that ended on April 24. As Bitcoin surged to its highest levels in months, funds based on the flagship…

Singapore, Singapore, May 12th, 2026, ChainwireAfter two years, Ourbit has gone from a Memecoin-native upstart to a global Top 30 SuperCEX.As the centralized exchange (CEX) sector continues to mature with a relatively established group of leading platforms, Ourbit’s two-year growth trajectory provides a notable example within the industry. Marking its second anniversary, the platform introduced its next phase of development under the theme “Trade Everything,” outlining plans to expand its offering beyond digital assets to include tokenized stocks, commodities, pre-IPO allocations, and prediction markets within a single application.To mark the milestone, Ourbit is launching “Predict the Future,” a themed campaign…

Key TakeawaysDraftkings CEO Jason Robins eyes “top two or three” global market-maker spot via the Railbird exchange.Flutter began market-making for a major third-party prediction platform in April; own platform launches soon.Flutter cut FY 2026 guidance to $18.305B revenue; Draftkings maintained its $6.5–6.9B FY range. Sportsbooks Move From Prediction-Market Products to Infrastructure Draftkings reported Q1 2026 revenue of $1.6 billion on May 7, up 17 percent year-over-year, with an adjusted EBITDA of $167.85 million. CEO Jason Robins identified market-making capabilities and a proprietary exchange as core pillars of the company’s prediction-markets strategy, stating that Draftkings intends to “establish a leadership position…

Stellar (XLM) has spent most of 2026 trading below $0.20, even as the ecosystem continues to expand into stablecoin infrastructure, cross-border payments, and tokenized real-world assets (RWA).While many other altcoins have rallied strongly following hot market narratives, XLM has primarily fluctuated within the $0.15–$0.18 range for several months, despite continuous growth in Stellar network activity.XLM Remains Trapped Below $0.20 XLM is currently trading around $0.16–$0.17 with a market capitalization of approximately $5.6 billion and daily trading volume near $250 million, according to data from CoinMarketCap. Since the beginning of February 2026, the token has mostly traded below $0.20, and short-term rallies…

Monad is a high-performance Layer 1 blockchain that introduces parallel execution to the Ethereum Virtual Machine (EVM) ecosystem. Launched in late 2025, it aims to solve the “sequential bottleneck” that slows down traditional blockchains, allowing for up to 10,000 transactions per second (TPS) while maintaining full compatibility with all existing Ethereum applications and tools. Solving the Sequential Bottleneck Most established blockchains, including Ethereum and its many Layer 2s, process transactions one by one. If you send a payment at the same time someone else swaps a token, the network handles them in a single line. This is “sequential execution,” and…

In early 2026, the biggest trend in blockchain is no longer “which chain is better,” but how to make the entire ecosystem feel like one single, unified network. Through Account Abstraction and Chain Abstraction, the technical complexities of managing private keys, switching networks, and bridging assets are being removed, allowing for the “mass adoption” the industry has sought for a decade. The Problem of Fragmentation For years, using crypto felt like carrying ten different wallets for ten different cities. If you wanted to move from Ethereum to Solana or an L2, you had to “bridge” assets, pay for gas in…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure XRP is struggling to push above the $1.50 level as the market heats up and buyers search for the momentum needed to break through resistance that has capped the recovery at every recent attempt. The price action is frustrating — sideways, unconvincing, and offering little clarity on direction. But a CryptoQuant analyst has identified something in the order flow data that reframes the current weakness as considerably more constructive than the chart alone suggests. The most important signal the analyst identifies is not what is happening —…

Tom Lee has slowed Bitmine ETH purchases after the firm amassed over 5.2 million tokens and 4.3% of Ethereum’s supply. Summary Bitmine bought 26,659 ETH last week, worth roughly $63 million, down from over 100,000 ETH in each of the prior three weekly periods. Tom Lee said the previous pace would have taken Bitmine to its 5% Ethereum supply target by mid-July, prompting the slowdown. Bitmine holds over 4.7 million ETH staked, generating an estimated $319 million in annualised staking rewards at current yields. Bitmine Immersion Technologies (BMNR) bought 26,659 ETH last week worth roughly $63 million, sharply down from…

The SUI price gave a decisive breakout from the traditional reversal pattern called double-bottom setup. SUI supply crunch deepens after treasury wallet transfers 2.7% of total supply to Staking High-networth investors accelerates on SUI buying while retail traders continue avoiding the rally. SUI, the native cryptocurrency of the SUI blockchain is down 2.18% on Monday to currently trade at $1.3. The intraday pullback aligns with broader market pullback amid escalating geopolitical tension in the middle east. However, the SUI price shows strong resilience above $1.25 floor with long-tail rejection candle as multiple factors are bolstering the asset for higher recovery. …