Why Is the Clarity Act Facing Resistance? The Republican-led Senate Banking Committee is set to debate and vote on the Clarity Act, a major cryptocurrency market structure bill that would define how digital assets are regulated in the United States. The legislation would clarify whether crypto tokens fall under securities, commodities, or other regulatory categories,
Why Is World Liberty’s Dolomite Borrowing Under Scrutiny? World Liberty Financial co-founder Zak Folkman defended the project’s roughly $75 million borrowing position on Dolomite Markets, saying the loan was small relative to the collateral posted and was intended to raise utilization on the lending protocol. In an interview with The Block at Consensus 2026, Folkman
What Is CME’s New Crypto Index Futures Product? CME Group plans to launch Nasdaq CME Crypto Index futures on June 8, pending regulatory review, introducing its first market-cap-weighted crypto futures contract. The cash-settled contracts will track the Nasdaq CME Crypto Settlement Price Index, which currently includes bitcoin, ether, Solana, XRP, Cardano, Chainlink, and lumens. The
What Did the Court Decide? A US federal judge sentenced former Celsius Chief Revenue Officer Roni Cohen-Pavon to time served and 1 year of supervised release over his role in the failed crypto lender’s fraud case. Judge John Koeltl issued the sentence on Wednesday in the US District Court for the Southern District of New
Why Did Bullish Report a Larger Net Loss? Crypto exchange Bullish reported a net loss of $604.9 million for the first quarter of 2026, nearly doubling from the same period last year, as changes in the fair value of its digital asset holdings weighed heavily on results. The losses were primarily tied to non-cash accounting
What Triggered THORChain’s Trading Suspension? THORChain paused trading after blockchain security researchers ZachXBT and PeckShield flagged a suspected exploit affecting assets across Bitcoin, Ethereum, BNB Smart Chain, and Base. The researchers identified alleged theft addresses on both the Bitcoin network and EVM-compatible chains, estimating losses at more than $10 million. Both ZachXBT and PeckShield described
Digital Prime Technologies has launched Tokenet, a digital asset lending platform designed around institutional securities finance infrastructure standards, as large market participants continue pushing crypto lending toward more standardized and regulated operational models. The platform is now live with initial trades already executed, while Galaxy Digital joined as one of the first active participants. Digital
What Does Myanmar’s Anti-Online Scam Bill Propose? Myanmar’s military-backed government has published a draft bill that would impose the death penalty on individuals who force victims into online scam operations, while proposing life imprisonment for those who operate scam centers or conduct crypto scam offenses. The draft Anti-Online Scam Bill would allow capital punishment for
In a sobering reminder of the volatility inherent in the venture capital landscape, the decentralized social platform Legend announced on May 13, 2026, that it will be shutting down all operations after only two years of development. The closure comes as a shock to many in the industry, given that the startup had successfully raised
The global cryptocurrency exchange BingX made a significant splash in the sports marketing arena on May 13, 2026, by officially announcing Enzo Fernández as its newest Global Brand Ambassador. Fernández, a standout midfielder for both the Argentina national team and Chelsea FC, joins the platform at a critical juncture as the exchange seeks to deepen