Author: WebDesk

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ahead of the Senate Banking Committee’s anticipated markup of the CLARITY Act on Thursday, the bill is facing a fresh wave of opposition—this time from major labor unions.  In a letter that warned senators the measure could put retirement security at risk, multiple unions argued the legislation would introduce new instability into retirement plans for workers who have little control over how their savings are managed. Labor Unions Raise Alarm On CLARITY Act According to CNBC, a letter and email first seen by the network show the…

Terrill Dicki May 13, 2026 05:10 Kraken’s revenue tripled to $2.2B in 2025, fueled by trading volume and acquisitions, as the exchange nears its US IPO launch. Kraken, one of the largest cryptocurrency exchanges in the U.S., is gearing up for a public listing while reporting significant financial growth. The exchange’s adjusted revenue soared from $0.7 billion in 2023 to $2.2 billion in 2025, with $531 million in EBITDA last year, according to a new report. This growth has been driven by a combination of surging trading volumes and aggressive acquisitions. Kraken averaged…

Ethereum price started a fresh decline and traded below $2,300. ETH is now consolidating above $2,250 and might struggle to recover. Ethereum started a downside correction below the $2,280 zone. The price is trading below $2,300 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,320 zone. Ethereum Price Faces Resistance Ethereum price failed to remain stable above $2,320 and started a downside correction, like Bitcoin. ETH price dipped below…

Key TakeawaysTHYP launched with spot HYPE exposure, staking rewards, and $1.8 million in trading volume.Investors face staking risks, market-price trading, and no direct individual share redemption.TXXH’s daily leverage reset may amplify losses over time. Hyperliquid ETF Debut Puts THYP in Focus Asset management firm 21shares announced on May 12 the launch of the 21shares Hyperliquid ETF (Nasdaq: THYP), offering U.S. investors spot exposure to HYPE and integrated staking rewards. The issuer also introduced the 21shares 2x Long HYPE ETF (Nasdaq: TXXH) on the same day as a leveraged companion product. First-day trading details posted on X by 21shares US showed…

Babylon is a revolutionary protocol that allows Bitcoin holders to stake their BTC to secure other blockchains—known as Proof-of-Stake (PoS) networks—without ever moving their Bitcoin off its native chain. By using clever cryptography instead of risky bridges or “wrapped” tokens, Babylon transforms Bitcoin from a passive store of value into a productive asset that provides industrial-grade security for the entire crypto ecosystem. The “No-Bridge” Breakthrough Historically, if you wanted to “use” your Bitcoin in DeFi or staking, you had to “wrap” it (turning it into a token like WBTC) or send it across a “bridge” to another network. Both methods…

Privacy cryptocurrencies such as Zcash (ZEC) and Horizen (ZEN) are seeing significant whale allocations as private-preserving tools see heightened demand. A similar appetite is evident for Artificial Intelligence (AI)-related tokens amid the industry’s massive growth. These include Bittensor (TAO), Render (RENDER), and NEAR Protocol (NEAR).Whales are loading up on privacy and AI tokensGrayscale Zcash Trust is one of the largest institutional vehicles for Zcash, now holding a total of 390,111 ZEC tokens (over 2.4% of the circulating supply) after it began accumulation in 2017. Cypherpunk Technologies holds 1.78% of the circulating supply, while Multicoin Capital holds a “significant position” in…

Ray Dalio said Bitcoin lacks privacy and its transparency is why central banks will not hold it. Summary Bridgewater founder Ray Dalio posted on X that Bitcoin lacks privacy and its transactions can be monitored and potentially controlled by governments. Dalio said gold remains superior because it is more widely held, deeply established, and still plays a central role in the global financial system. Michael Saylor pushed back directly, calling Bitcoin’s transparency a feature rather than a flaw that makes it usable as global digital collateral. Bridgewater Associates founder Ray Dalio posted on X on May 11 that Bitcoin’s public…

Iris Coleman May 12, 2026 21:48 Injective (INJ)USDC becomes the canonical stablecoin across Cosmos and dYdX, solidifying Injective as a major blockchain for stablecoin issuance. Injective (INJ)USDC has been designated as the canonical stablecoin standard for both the Cosmos ecosystem and dYdX, marking a major milestone for the Injective blockchain. This decision makes Injective one of the largest platforms for stablecoin issuance and paves the way for a unified, long-term stablecoin infrastructure across these networks. The move includes a four-year minimum commitment from Cosmos and dYdX, signaling confidence in Injective’s ability to provide…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum and its broader ecosystem are once again in the crypto spotlight following a recent statement by its founder. The founder has recently publicly declared the ETH network as the leading hub for AI operations, triggering a frenzy across the crypto community. Ethereum At The Center Of the AI Economy Vitalik Buterin, the founder of Ethereum, has made yet another bold statement regarding ETH and its evolving ecosystem. In the face of blockchain growth, the crypto figure is making a compelling link between the ETH network and…

ETH/BTC ratio plunged below 0.02843 after hitting a 10-month low, which means that Ethereum is underperforming Bitcoin. In the last few weeks, institutional investors have heavily invested money into Bitcoin ETFs, while ETH spot ETFs are still facing major outflows. This has created major divergence in the allocation of capital between the two major cryptocurrencies. Some experts are suggesting that this is a major structural change in the crypto market instead of a short-term change. Despite the upward momentum in the Bitcoin (BTC) price as it soared above $80,000, Ethereum is still facing a strong consolidation zone as it is…