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Michael Saylor clarifies Bitcoin selling stance as MicroStrategy resumes BTC accumulation

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MicroStrategy has resumed its Bitcoin acquisition strategy, purchasing 535 BTC for approximately $43 million between May 4 and May 10. Chairman Michael Saylor clarified his famous “never sell” mantra, stating the firm’s actual goal is to “never be a net seller” of the digital asset. The company is considering tapping its Bitcoin holdings to fund dividend obligations for its STRC perpetual preferred stock program. ...

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Kraken Parent Payward to Acquire Reap Technologies for $600 Million

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Payward Inc. has signed a definitive agreement to acquire Reap Technologies for up to $600 million in a mix of cash and stock. The deal values the Kraken parent company at $20 billion and marks its third major acquisition in a year, totaling over $2.6 billion in spending. Reap’s API-driven infrastructure will be integrated into Payward Services, enabling partners to embed card issuance and stablecoin treasury tools. Payward Inc., the parent...

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1inch Resolver TrustedVolumes Drained for $6.7M in Ethereum Exploit

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TrustedVolumes, a prominent market maker and resolver for 1inch Fusion, was exploited for $6.7 million on Thursday. The attacker abused a publicly accessible function to register as an authorized order signer, bypassing traditional security checks. 1inch Network clarified that its core aggregation protocols and user funds remain unaffected by the third-party breach. Liquidity provider TrustedVolumes, a key market maker and resolver utilized...

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Senate Banking Committee Sets Markup Date for CLARITY Act

Senate Banking Committee Sets Markup Date for CLARITY Act, Reviving Crypto Market Structure Legislation

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Senate Banking Committee schedules May 14 markup for the CLARITY Act, the comprehensive digital asset market structure bill. Industry stakeholders express optimism as negotiations address jurisdiction, consumer protections, and stablecoin yield issues. Progress follows months of delays, positioning the bill for potential floor action in the coming months. The U.S. Senate Banking Committee is set to hold a markup session on...

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Banking Groups Push Back on Clarity Act Stablecoin Yield Compromise

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Banking trade groups are opposing a bipartisan compromise in the Clarity Act designed to settle the dispute over stablecoin yield. The proposed language by Senators Thom Tillis and Angela Alsobrooks bans passive yield but allows rewards for “bona fide” activities like staking and liquidity provision. Financial institutions argue the exceptions create loopholes that could lead to a $850 billion drop in community bank lending. A...

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