Treasury Secretary Scott Bessent called on Congress on Thursday to pass the Clarity Act, emphasizing its importance for the future of digital assets in the U.S.

Bill Has ‘Bipartisan Support’

During a White House briefing, Bessent stated that the key piece of cryptocurrency legislation has “bipartisan support” and encouraged the House and the Senate to move forward with its passage.”

“When you look at digital assets, all the nonsense that happens, all the things you read about, that’s because it’s the wild, wild west offshore. So we got to bring it on shore,” Bessent said.

Bessent Says No To CBDC’s

Bessent said that the Trump administration does not support a central bank…

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Leading cryptocurrencies diverged from the stock market on Thursday, even as investors dissected reports of a ceasefire between the U.S. and Iran.

Crypto Market Stagnates

Bitcoin hit a six-week low, sliding to $72,500 before bouncing back above $73,000 by evening. Trading volume jumped 17% in the last 24 hours. Ethereum dived below $2,000 in the early trading hours before rebounding later in the day as selling pressure remained high.

Over $600 million in bullish long positions was wiped out from the cryptocurrency market in the past 24 hours, according to Coinglass data.

Bitcoin’s open interest rose 0.87% over the last 24 hours. An increase in open interest alongside a drop in spot price…

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Direxion expanded its lineup of leveraged and inverse exchange-traded funds on Wednesday with the launch of four new products tied to precious metals and cryptocurrencies, underscoring growing investor demand for tactical exposure to volatile asset classes.

The launches arrive at a time when traders are increasingly rotating toward alternative assets amid inflation concerns, geopolitical tensions and continued momentum in crypto markets.

Direxion Chief Product Officer Mo Sparks said the products are aimed at active traders looking for “precise tools” to express short-term views across metals and digital assets. He added that Bitcoin and Ethereum remain driven by ETF flows, the halving…

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Real Vision co-founder and CEO Raoul Pal says the crypto bull market remains intact despite months of sideways price action.

Rising global liquidity, AI-driven infrastructure demand and accelerating blockchain adoption are setting up the “perfect storm” for crypto assets.

According to Pal, “The worst is over for crypto, liquidity is flowing again.”

Why Pal Thinks Crypto Still Has Massive Upside

In a May 28 podcast with “When Shift Happens”, Pal noted investors are underestimating how much capital will flow into blockchain infrastructure as AI agents, stablecoins and tokenized finance scale globally.

He said crypto’s long-term thesis has fundamentally strengthened over the past year.

“We’ve…

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XRP (CRYPTO: XRP) ETF inflows collapsed from $60.5 million the week of May 15 to zero on May 27, as XRP broke down from a descending triangle wiping out $18.18 million in leveraged positions.

ETF Momentum Fading Fast Heading Into End Of May

The deterioration has been swift. The week of May 8 brought in $34.2 million, followed by $60.5 million the week of May 15. 

The week of May 22 then dropped sharply to $22.04 million before this week collapsed to just $1.55 million and a complete zero on Tuesday—a sharp reversal that reflects the broader cooling of altcoin appetite hitting crypto markets right now.

XRP is up 1.5% after sweeping liquidity at $1.27, a move where price briefly broke below…

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Short sellers are piling into a wide-ranging group of names, with the latest Benzinga Pro data showing elevated bearish positioning across 10 stocks spanning energy, crypto, AI and enterprise software.

High-Short-Interest Standouts

Below are the top 10 most heavily shorted stocks (market caps above $2 billion, average 14‑day volume above 5 million and free floats above 5 million) based on data from Benzinga Pro as of May 28, 2026:

Closer Look

Venture Global’s 86.10% short interest is the defining data point of this screen — nearly double the next name on the list. 

The Louisiana-based LNG exporter, which went public in early 2025 at a $31-plus billion market cap, has been a lightning…

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Iran-US Peace Hopes Pulling Money Out Of Both Assets

The debasement trade refers to buying Bitcoin and gold as hedges against geopolitical instability, currency weakness, and inflation. 

JPMorgan managing director Nikolaos Panigirtzoglou wrote in a report that the outflows appear linked to growing hopes for an Iran-US deal rather than any shift in preference between the two assets.

Bitcoin ETFs saw larger outflows than gold ETFs over the two-week period, which JPMorgan says reflects Bitcoin’s role as one of the primary expressions of the debasement trade since the Iran conflict began. 

The same cooling trend appeared in futures markets, where institutional investors reduced exposure to…

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Bitcoin is down as renewed U.S. strikes on Iran and heavy spot ETF outflows triggered broad risk-off selling across crypto markets.

Notable Statistics:

Coinglass data shows 172,398 traders were liquidated in the past 24 hours for $910 million.       

SoSoValue data shows net outflows of $733.4 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $67.2 million.

In the past 24 hours, top gainers include Stellar, Hedera and Sei.

Notable Developments:

Trader Notes:

Crypto analyst Ali Martinez said Bitcoin has entered a critical support zone between $73,000 and $71,300.

The area lines up with:

The lower boundary of Bitcoin’s ascending channel

The… Read more on Benzinga