U.S. Clarity Act markup leaves BTC price unstirred: Crypto Daily

This is an excerpt from CoinDesk newsletter ‘Daybook.’ Sign up here, if you haven’t already. The week’s main event for digital assets, the U.S. Clarity Act markup, is due later today. The crypto market, led by bitcoin, seems to be treating it as a non-event. The proposed bill aims to establish a comprehensive regulatory framework…

Early altseason signs emerge as altcoins begin to show bullish signs

Crypto market analysts say increasing altcoin performance and volumes on Binance, a rising altseason index and a strengthening TOTAL2 macro structure are early signs that the market could enter an altseason in 2026. Key takeaways: Altcoin recovery signals emerge, hinting at a potential altseason in 2026. Rising altcoin trading volume on centralized exchanges and AltSeason…

BitGo Posts $3.8B Revenue, $60.7M Loss amid Bitcoin Decline and IPO Costs in Q1

Digital asset infrastructure company BitGo reported a wider first-quarter net loss as Bitcoin treasury mark-to-market losses and IPO-related expenses outweighed stronger client growth and a year-over-year jump in revenue. Revenue for the quarter ended March 31 was $3.8 billion, up from $1.8 billion a year earlier, driven by higher digital asset trading activity and growing…

New York Judge Pushes Back Hearing for Aave’s Bid to Unfreeze $71M in ETH

A New York judge has delayed a decision on Aave’s emergency bid to unfreeze $71 million worth of crypto tied to victims of the $293 million Kelp DAO hack, asking for additional information ahead of a new hearing in June.  Aave has sought to use $71 million in ETH that Arbitrum froze to assist with…

Bitcoiner Claims Claude Helped Him Recover 5 Bitcoin

A Bitcoiner’s post has gone viral on X after he claimed to use Anthropic’s AI chatbot Claude to recover 5 Bitcoin worth about $320,000 that he had been unable to access for more than a decade.  In an interview with MTS on Wednesday, pseudonymous X user Cprkrn said he made fairly “really complicated passwords” on…

Joe Lubin’s Consensys has delayed its potential IPO until fall

Consensys, the Ethereum development firm led by Joe Lubin, has pushed back its potential U.S. public offering until fall at the earliest due to poor market conditions, according to two people familiar with the situation. The MetaMask wallet builder had reportedly engaged bankers from JPMorgan and Goldman Sachs last year to lead the process. Consensys…

Coinbase CEO Brian Armstrong Says Clarity Act ‘Closer Than Ever’

Coinbase CEO Brian Armstrong is supporting the latest version of the Digital Asset Market Clarity Act (CLARITY) ahead of the US Senate’s markup of the crypto market structure bill on Thursday.  “I don’t think it’s ever been in a stronger or more bipartisan position,” he said about the latest iteration of the market structure bill….

Hyperliquid Whale Shorts $70M in Crypto: Should Bitcoin Investors Be Worried?

Key takeaways: A successful Hyperliquid whale opened a $70 million short position, but data suggests this is a technical move. Rising oil prices and Fed liquidity injections could devalue US Treasuries, boosting Bitcoin as a scarce macro asset. Bitcoin below $80,000 as Hyperliquid whale flips bearish on crypto Bitcoin (BTC) failed to sustain bullish momentum…

Bakkt’s Revenue Falls 77% in Q1 as Stablecoin Pivot Takes Shape

Bakkt swung to a first-quarter loss as crypto services revenue fell 77%, underscoring the digital asset platform’s push to reposition itself around stablecoin payments and AI-enabled financial infrastructure. On Monday, the company reported a net loss attributable to Bakkt of $11.7 million, or 41 cents per basic and diluted share, for the quarter ended March…

Ether May Soar to Five-Digit Prices Fueled by Rising Institutional Adoption

Market analysts said Ether (ETH) was ready to continue its uptrend following moves by JPMorgan and BlackRock to launch tokenized funds on the Ethereum network. Key takeaways: Institutional adoption is underway as JPMorgan and BlackRock plan to launch tokenized funds on Ethereum. Strong technical structures in multiple time frames suggest ETH price is bottoming out. …