The case could redefine AI governance, impacting investment strategies and 
industry dynamics, with potential ripple effects on global tech power.
The post Testimony in Elon Musk&#8217;s case raises trust questions about OpenAI&#8217;s 
Sam Altman appeared first on Crypto Briefing.

Testimony in Elon Musk’s case raises trust questions about OpenAI’s Sam Altman

The Senate Banking Committee voted on May 14, 2026, to advance the Digital 
Asset Market CLARITY Act, pushing the United States closer to its first 
comprehensive crypto market structure law. A16z Crypto Backs CLARITY Act After 
Senate Committee Vote The committee’s “markup” vote moved the legislation 
forward on a bipartisan basis. Miles Jennings, General Counsel […]

A16z Crypto Warns US Falling Behind MiCA as Senate Committee Advances CLARITY Act

Jito Labs&#8217; JTX could reshape Solana&#8217;s trading landscape by enhancing on-chain 
trading appeal, challenging centralized exchanges&#8217; dominance.
The post Jito Labs expands into consumer trading with JTX on Solana appeared 
first on Crypto Briefing.

Jito Labs expands into consumer trading with JTX on Solana

The Bitcoin price has surged towards the $80,000 mark over the past few weeks, 
signaling an ongoing resurgence from the bear-market lows observed in the 
first quarter of 2026. However, the premier cryptocurrency appears to have run 
out of the bullish impetus to sustain its current recovery, as it hovers 
around a psychological price level. Interestingly, the latest on-chain data 
shows that the Bitcoin price could be forming a consolidation range around the 
$80,000 region. Weak Coinbase Demand, Zero Binance Sell Pressure Forms 
&#8216;Equilibrium Of Apathy&#8217;: Analyst In a May 15 post on the social media platform 
X, market analyst CryptoOnchain revealed that a “Low-Velocity Consolidation” 
setup seems to be forming in the current Bitcoin price structure. This 
evaluation is based on a confluence of three on-chain signals over the past 
couple of weeks. Related Reading: Ethereum Network Registers Strongest Profit 
Realization In Weeks — What This Means Firstly, CryptoOnchain shared that the 
Network Value to Transaction metric has been in an uptrend in recent weeks. 
This indicator measures the ratio of a cryptocurrency&#8217;s (Bitcoin, in this 
case) market capitalization to transaction volume, offering insight into 
whether an asset is over- or undervalued. When this metric is high (as it 
currently is), it means that the Bitcoin price growth is no longer being 
supported by actual network activity (or increasing transaction value). Hence, 
a further expansion in BTC’s price, especially in the short term, might not be 
feasible. CryptoOnchain noted that, at the same time, there has been a 
significant Bitcoin supply drought on Binance, the world’s largest 
cryptocurrency exchange by trading volume. The analyst stated that the Binance 
Inflow CDD metric has dropped 99.5% since April, with Bitcoin long-term 
holders showing a reluctance to sell their assets. The third metric 
highlighted by CryptoOnchain is the Coinbase Premium, which measures the 
demand from institutional investors in the United States. According to data 
from CryptoQuant, there appears to be some apathy among US investors, as the 
Coinbase Premium has remained largely negative in recent weeks. CryptoOnchain 
explained that this combination of weak demand and zero sell pressure from two 
of the largest exchanges creates an “Equilibrium of Apathy.” These illiquid 
conditions, compounded by low Binance leverage, are often precursors to a 
volatility squeeze, the on-chain pundit concluded. Could This Volatility 
Squeeze Trigger The Next Bitcoin Price Move? For context, a volatility squeeze 
is a technical analysis pattern (shown by contracting Bollinger Bands) that 
signals a period of consolidation. What’s interesting is that this technical 
pattern has historically preceded significant price breakouts. Hence, from an 
optimistic perspective, the current period of inactivity in the Bitcoin price 
could simply be the “calm before the storm.” As of this writing, the price of 
BTC sits just above the $79,000 mark, reflecting an almost 3% decline in the 
past day. Related Reading: Bitcoin Fails $82,000 Breakout Three Times As 
Short-Term Holders Sell Featured image from iStock, chart from TradingView

Why Bitcoin Price Could Be Forming A Consolidation Structure Around $80,000

The intensified global inventory race could lead to prolonged market 
volatility, impacting energy security and economic stability worldwide.
The post Global inventory race intensifies amid fears of energy crunch from 
Iran war appeared first on Crypto Briefing.

Global inventory race intensifies amid fears of energy crunch from Iran war

The integration streamlines AI deployment, enhancing efficiency and autonomy 
in task execution, potentially transforming AI agent utilization.
The post Nous Research integrates Grok subscriptions into Hermes Agent, 
ditching API key friction appeared first on Crypto Briefing.

Cryptocurrency price in GBP

Market Overview