Brian Armstrong backs the CLARITY Act before Senate markup as stablecoin 
yield, DeFi and CFTC changes revive crypto market bill talks today.

Coinbase CEO backs CLARITY Act before Senate markup

Dogecoin started a decent increase above $0.1125 against the US Dollar. DOGE 
is now consolidating and might aim for an upside break above $0.1155. DOGE 
price started a fresh increase above $0.1120 and $0.1135. The price is trading 
above the $0.1120 level and the 100-hourly simple moving average. There is a 
contracting triangle forming with support at $0.1115 on the hourly chart of 
the DOGE/USD pair (data source from Kraken). The price could aim for a fresh 
increase if it remains stable above $0.110. Dogecoin Price Climbs Above 
$0.1150 Dogecoin price started a fresh increase after it settled above $0.110, 
outperforming Bitcoin and Ethereum. DOGE climbed above the $0.1120 resistance 
to enter a positive zone. The bulls were able to push the price above $0.1150. 
A high was formed at $0.1153 and the price is now consolidating. There was a 
minor decline below the 23.6% Fib retracement level of the upward move from 
the $0.1095 swing low to the $0.1153 high. Dogecoin price is now trading above 
the $0.1120 level and the 100-hourly simple moving average. There is also a 
contracting triangle forming with support at $0.1115 on the hourly chart of 
the DOGE/USD pair. If there is another increase, immediate resistance on the 
upside is near the $0.1140 level. The first major resistance for the bulls 
could be near the $0.1150 level. The next major resistance is near the $0.1165 
level. A close above the $0.1165 resistance might send the price toward 
$0.120. Any more gains might send the price toward $0.1220. The next major 
stop for the bulls might be $0.1250. Downside Correction In DOGE? If DOGE’s 
price fails to climb above the $0.1150 level, it could start a downside 
correction. Initial support on the downside is near the $0.1115 level, the 
triangle, and the 61.8% Fib retracement level of the upward move from the 
$0.1095 swing low to the $0.1153 high. The next major support is near the 
$0.110 level. The main support sits at $0.1075. If there is a downside break 
below the $0.1075 support, the price could decline further. In the stated 
case, the price might slide toward the $0.1030 level or even $0.1020 in the 
near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now 
losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) – 
The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.1115 
and $0.1100 Major Resistance Levels – $0.1150 and $0.1200.

Dogecoin (DOGE) Breaks Away From Pack As Momentum Turns Aggressive

Geopolitical tensions and inflationary pressures could lead to increased 
market volatility, affecting investor confidence and economic stability.
The post Solana drops 5%, Bitcoin below $80K amid US-China tensions over 
Taiwan appeared first on Crypto Briefing.

Solana drops 5%, Bitcoin below $80K amid US-China tensions over Taiwan

Increased US-Iran tensions may hinder diplomatic solutions, potentially 
escalating military confrontations and impacting regional stability.
The post Iran ‘frighteningly close’ to nuclear weapons, warns US energy 
secretary appeared first on Crypto Briefing.

Iran ‘frighteningly close’ to nuclear weapons, warns US energy secretary

SEC officials discussed modernizing securities rules that could affect crypto- 
linked public companies, with senior regulators openly questioning whether 
decades-old frameworks still fit digital asset markets. Division of 
Corporation Finance Director Jim Moloney said the agency wants to reduce 
unnecessary burdens and “let the free markets be free.” SEC Free Market Push 
Could Reach Crypto Issuers […]

Let the Free Markets Be Free: SEC Push Could Shape Future Crypto Rules

Arthur Hayes has put Zcash at the center of his crypto thesis, saying in an 
interview with Unchained founder Laura Shin that ZEC is now “probably my 
largest position outside of Bitcoin.” The BitMEX co-founder framed the trade 
as a bet on rising demand for financial privacy as AI, Big Tech and 
governments make public-chain activity easier to analyze. Hayes said he views 
Zcash as the strongest privacy asset in crypto, while acknowledging that the 
debate between Zcash, Monero and other privacy coins remains unsettled. “I 
think Zcash is the best,” Hayes said. He added that he is “not a 
cryptographer,” but said his view was shaped by reading competing arguments 
and speaking with developers working directly on privacy systems. His argument 
was not that Bitcoin should become fully private. Hayes said Bitcoin’s 
transparent ledger still has advantages for accountability, but argued that 
transparency comes with a growing trade-off as surveillance tools improve. 
“With AI, big tech and big government, it’s very trivial to de-anonymize 
transactions,” he said. Related Reading: Zcash Hits New YTD High As Multicoin 
Discloses ZEC Bet That, in Hayes’ view, creates room for a separate privacy 
asset to accrue value alongside Bitcoin rather than inside it. He described 
Zcash and Monero as trading at very low relative values versus BTC and called 
the setup asymmetric if privacy demand becomes more obvious to investors. The 
catalyst, as he sees it, is not merely regulatory pressure or user preference, 
but the exponential improvement of AI systems that can link activity across 
public data sets. Arthur on why the Zcash and NEAR integration is the quietly 
building mechanism that flips NEAR from inflationary to deflationary &#8220;Shielded 
Zcash lets you swap and send any coin, USDT on Tron, Bitcoin, anything, and 
that transaction will not point back to you. Completely… 
https://t.co/AOWKNsDRbc pic.twitter.com/tytoAgM5q0 — Laura Shin (@laurashin) 
May 12, 2026 Hayes Connects Zcash And NEAR In Latest Essay Hayes extended that 
thesis in his latest Crypto Trader Digest essay, “The Butterfly Touch,” dated 
May 11 on his Substack. In the essay, Hayes argued that rising dollar and yuan 
liquidity, driven by AI infrastructure spending, geopolitical conflict and 
renewed credit creation, has reopened the risk-on window for crypto markets. 
He said Bitcoin bottomed earlier this year at $60,000 and argued that a move 
back to $126,000 is a “foregone conclusion” if fiat liquidity keeps expanding. 
Related Reading: Zcash Is Crypto’s Most Mispriced Asset, Cypherpunk CIO Says 
The essay’s altcoin section was more explicit. Hayes wrote that it is “time to 
shitcoin,” saying Hyperliquid and Zcash are already large enough positions for 
Maelstrom, while NEAR is his “next favorite” trade. He said his next essay 
would lay out why the “privacy narrative” combined with Near Intents could 
create a “positive cash flow situation” for the protocol. That framing links 
Zcash and NEAR under a broader privacy-and-utility thesis. Zcash represents 
Hayes’ preferred pure-play privacy exposure, while NEAR appears to be the next 
asset he wants to connect to that theme through intent-based execution and 
potential protocol-level cash flow. He argued that such a setup could help 
reverse NEAR’s weak token performance and potentially push it back toward 
older cycle highs. For Zcash, Hayes’ case is more direct. He said privacy is 
likely to become more valuable as public blockchains become easier to 
interrogate with increasingly capable AI systems. “People want that privacy,” 
he said. “And there will be a private alternative.” At press time, Zcash 
traded at $541.75. Featured image created with DALL.E, chart from 
TradingView.com

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