Geopolitical tensions are amplifying market volatility, undermining investor 
confidence and complicating the achievement of crypto price targets.
The post Crypto market hit by $560M in liquidations amid US-Iran tensions 
appeared first on Crypto Briefing.

Crypto market hit by $560M in liquidations amid US-Iran tensions

The UAE&#8217;s OPEC exit could disrupt global oil market dynamics, challenging 
OPEC+ cohesion and potentially altering future pricing strategies.
The post UAE to exit OPEC, increase oil production amid geopolitical tensions 
appeared first on Crypto Briefing.

UAE to exit OPEC, increase oil production amid geopolitical tensions

The Bitcoin sell-off by BlackRock clients highlights the cryptocurrency&#8217;s 
vulnerability to geopolitical shifts, impacting its role as a risk hedge.
The post BlackRock clients sell $54.7M Bitcoin amid Middle East ceasefire 
appeared first on Crypto Briefing.

BlackRock clients sell $54.7M Bitcoin amid Middle East ceasefire

The Ethereum Foundation has now sold roughly $47 million worth of ETH to 
BitMine in a week, drawing fresh criticism over the pace and scale of its 
sales.

Ethereum Foundation sells another 10,000 ETH to BitMine in third OTC deal

Prediction market traders on Polymarket put the odds of the CLARITY Act 
becoming law in 2026 at 55% — a jump of nine percentage points in a single day 
— after two US senators released final language settling one of the bill&#8217;s 
most contested disputes. Related Reading: Bitcoin’s Defenders Launch ‘Evidence 
Base’ In Battle Against FUD Banks Got Restrictions, Crypto Got Rewards The new 
text, published Friday by Senators Thom Tillis and Angela Alsobrooks, draws a 
clear line on stablecoin yields. No crypto firm may pay customers any form of 
interest simply for holding stablecoins — a practice that critics argued 
mimicked bank deposits and put traditional lenders at a disadvantage. But 
firms are allowed to offer rewards tied to what the bill calls &#8220;bona fide 
activities,&#8221; meaning actual use of crypto platforms or networks. Coinbase 
chief legal officer Faryar Shirzad called the outcome a win for consumers. &#8220;In 
the end, the banks were able to get more restrictions on rewards, but we 
protected what matters,&#8221; Shirzad said, referring to Americans&#8217; ability to earn 
rewards through real crypto usage. The final rewards text in the CLARITY Act 
is now public. We’ve been clear throughout this process: much of this debate 
was based on imagined risks, not real evidence, nor was it based on a real 
understanding of how crypto actually works. Nevertheless, the crypto industry 
showed… https://t.co/XoQ7Zp1Y39 — Faryar Shirzad 🛡️ (@faryarshirzad) May 1, 
2026 Coinbase CEO Brian Armstrong was blunter. His response to the news: &#8220;Mark 
it up&#8221; — a direct call for the Senate Banking Committee to move the bill 
forward. Not everyone was satisfied. Helius Labs CEO Mert Mumtaz offered a 
sharper take, saying the result simply meant Americans could not earn risk- 
free yield on their dollars without going through a bank. Image: MetaAI Senate 
Markup Could Come As Early As May 11 Galaxy Digital head of firmwide research 
Alex Thorn said the release of the final text signals that the Senate Banking 
Committee could schedule a markup as soon as the week of May 11. That would 
mark a significant acceleration for legislation that had stalled for months, 
partly because the stablecoin yield question had no agreed answer. 🚨 CLARITY 
ACT — text of tillis (R) / alsobrooks (D) compromise on stablecoin yield is 
out now they previously said they had “agreement in principle” release of text 
suggests that senate banking will schedule markup imminently, as soon as week 
of may 11 pic.twitter.com/5COMHE8IJu — Alex Thorn (@intangiblecoins) May 1, 
2026 Thorn also flagged a likely complication. He expects banks to step up 
their opposition once the markup is on the calendar, a warning that the 
compromise text may not be the end of the fight — just the start of a new one. 
The broader timeline had already been set by several senators. Bernie Moreno 
said he expects the bill to get done by the end of May. Senator Cynthia Lummis 
put it more starkly in April: &#8220;It&#8217;s now or never.&#8221; BTCUSD trading at $78,205 
on the 24-hour chart: TradingView Related Reading: XRP Could See Fresh Demand 
As Japan’s Rakuten Unlocks Loyalty Point Conversions A Long-Running Dispute 
Pushed To The Side The stablecoin yield debate had been one of the main 
obstacles holding up the CLARITY Act, a bill designed to give the US crypto 
industry clearer regulatory ground to stand on. With that dispute now resolved 
— at least on paper — attention shifts to the rest of the legislation. 
Featured image from MetaAI, chart from TradingView

US CLARITY Act Moves Closer To Law After Surprise Stablecoin Yield Update

Tether posted over $1 billion in profit for the first quarter of 2026, with 
excess reserves reaching a record $8.23 billion. The stablecoin issuer 
continues to anchor its backing in U.S. Treasuries while expanding into gold 
and bitcoin. Key Takeaways: Tether posted $1.04B profit in Q1 2026, with 
reserves hitting a record $8.23B. Tether holds […]

Cryptocurrency price in EUR

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