Senate Crypto Bill Faces 100+ Amendments Ahead Of Markup

Senate Banking Committee members have filed more than 100 proposed amendments to the Digital Asset Market Clarity Act, according to Politico reporting. The panel is set to convene on Thursday for a long-awaited markup vote that crypto and industry leaders say could reshape digital asset regulation in the United States.

The committee scheduled its executive session for 10:30 a.m. on May 14 at Room 538 of the Dirksen Senate Office Building in Washington, D.C., where lawmakers will debate the amendments and vote on whether to send the bill to the full Senate floor. 

The flood of filings follows the release of an updated 309-page draft of the bill earlier this week, expanded from…

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$11.77T Charles Schwab Launches Spot Bitcoin Trading

Charles Schwab has begun rolling out spot bitcoin trading to retail clients in the United States, marking a major expansion of crypto access through one of the country’s largest brokerage firms.

The company announced Tuesday that an initial group of eligible customers can now trade bitcoin through its new platform, Schwab Crypto. The launch gives retail investors direct access to digital assets inside Schwab’s existing brokerage ecosystem, rather than through third-party exchanges or exchange-traded funds.

Charles Schwab said the rollout follows plans first outlined last year and confirmed in April. The firm previously limited crypto exposure to ETFs, futures, and other indirect…

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Bitcoin’s Rally $80,000 Has One Glaring Problem

The Bitcoin (CRYPTO: BTC) rally to $82,000 is raising red flags that a short squeeze rather than organic buying may be the underlying fundamental driver.

Open Interest Jumped $10 Billion In A Month

According to a Wintermute report, open interest jumped from $48 billion to $58 billion in a month as Bitcoin started rising above $70,000. 

Short sellers piled in, got liquidated, and then bought back positions to cover. Funding is still predominantly short, meaning more squeeze could be coming.

The problem is that leverage, not spot demand, fueled this move. Spot buying confirms bull markets. Perpetual futures are driving this rally, and short covering does not reflect real conviction.

Spot… Read more on Benzinga

Bitcoin At $80,000, Ethereum, XRP, Dogecoin Consolidate Ahead Of Clarity Act Meeting

Bitcoin hovers near $80,000 in early trading hours Wednesday as traders stayed cautious ahead of the upcoming Clarity Act meeting despite continued ETF outflows and neutral market sentiment.

Bitcoin ETFs saw $233.3 million in net outflows on Tuesday, while Ethereum ETFs reported $130.6 million in net outflows.    

Meme coin market capitalization is trading 0.4% higher to $40 billion over the past 24 hours.

Trader Commentary: 

TraderSZ expects Bitcoin to continue higher, identifying $98,000 as a minimum upside target based on the broader market structure.

The trader added that liquidity and stop orders are likely concentrated around that level, making it an important zone for traders to…

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Trump’s Meeting With Xi Jinping Gets Crypto Bettors Wagering On His Vocabulary: Iran, AI Or Tariffs — Her

Cryptocurrency punters are aggressively betting on what President Donald Trump will say when he travels to Beijing for a summit with Chinese President Xi Jinping later this week.

Word Mention Market Heats Up

“AI” or “Artificial Intelligence” drew a 74% chance, amid reports that the U.S. and China were considering launching official talks on artificial intelligence during the summit.

Over $150,000 has been wagered on this word mention market. This market resolves to “Yes” if Trump says the listed term during events featuring Xi Jinping from Thursday to Friday.

Will Trump-Xi Hug Each Other?

Trump left Washington on Tuesday and is expected to arrive in Beijing on Wednesday. The…

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21Shares Bets Big On Hyperliquid With New Crypto ETFs Amid DeFi Boom – 21Shares Hyperliquid ETF (NASDAQ:T

Crypto ETF issuer 21Shares has rolled out two new ETFs tied to Hyperliquid’s HYPE token, marking the first U.S.-listed ETFs designed to track the rapidly growing decentralized trading ecosystem.

Key Features Of The New Hyperliquid ETFs

The launch comes as Hyperliquid gains traction in decentralized finance, with the platform now accounting for more than 50% of decentralized perpetual futures open interest and roughly $8 billion in daily trading volume, according to the company.

21Shares said the move reflects rising investor demand for regulated products tied to on-chain trading infrastructure as crypto markets continue to expand beyond Bitcoin and Ethereum-focused strategies.

Andres…

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Bitcoin’s Next Move Depends On This Factor Nobody’s Watching: 10x Research

Bitcoin (CRYPTO: BTC) may already be exiting its bear market phase, according to 10x Research head of research Marcus Thielen.

He says the market is shifting “from red to orange” as selling pressure fades and liquidity conditions gradually improve.

Gradual Accumulation, Not Defensive Positioning

In an interview on May 11, Thielen argued that what the biggest factor traders are missing is not aggressive buying demand, but the lack of sellers left in the market.

He said Bitcoin currently requires “very little money” to move higher because forced liquidations and heavy outflows have largely already played out.

The analyst pointed to several improving signals:

Consecutive months of positive… Read more on Benzinga

What’s Really At Stake In The Market Structure Debate: The BRCA

If you’ve been following the headlines lately, you could easily be forgiven for thinking that the fight over stablecoin yields is the only sticking point holding the United States back from the crypto industry’s long awaited comprehensive market structure legislation. But sadly, you’d be wrong.

For months now, the headlines have fixated on a genuine but ultimately tractable disagreement: whether crypto platforms should be allowed to share yield from their Treasury bill reserves with stablecoin holders, or whether that practice should be restricted to protect traditional banks from competition for consumer deposits. It’s a real fight. The American Bankers Association has…

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Square Crosses 1 Million Bitcoin-Enabled Merchants As Real-World Adoption Continues To Grow

Block Inc.’s (XYZ) Square has crossed a threshold of roughly 1 million merchants now enabled to accept Bitcoin payments.

The figure, cited by a member of Block’s team, reflects a wave of auto-enrollment that began March 30, when Square automatically switched on BTC payments by default for eligible U.S. sellers.

At its peak pace, a new business was activating the feature every eight seconds. The rollout is powered by the Lightning Network, enabling near-instant settlement while merchants receive U.S. dollars by default, removing currency risk from the equation.

In other words, customers can pay in Bitcoin via Lightning while merchants still receive USD settlements, with…

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