US Senator Thom Tillis said the current text of the CLARITY Act offers a 
compromise for the crypto industry and banks and provides a bipartisan path 
for the bill’s passage.

Stablecoin proposal still ‘falls short’ of protecting bank deposits: US banks

Uphold disputes NYAG claims after a $5M CredEarn settlement, saying Cred 
misled the company and users before its 2020 collapse.

Uphold rejects NYAG claims after $5M CredEarn settlement

Heightened US-Iran tensions risk disrupting global oil supply and trade 
stability, with potential for broader military conflict escalation.
The post US destroyers cross Strait of Hormuz under Iranian fire, escalating 
tensions appeared first on Crypto Briefing.

US destroyers cross Strait of Hormuz under Iranian fire, escalating tensions

Polygon has introduced a privacy layer for stablecoin transfers, allowing 
transactions to remain hidden from public view while still meeting compliance 
checks. According to a statement released by Polygon on Sunday, the update 
adds a wallet feature that routes payments…

Polygon rolls out private stablecoin payments with hidden transfers

Bitcoin climbed above $81,000 on Tuesday for the first time since January, 
powered by $2.44 billion in April ETF inflows, geopolitical relief following 
the U.S.-Iran de-escalation, and a short squeeze that sent leveraged bears 
scrambling for the exits. Key Takeaways: Bitcoin hit $81,000 on May 5, 2026, 
its highest price since January, as multiple catalysts […]

Bitcoin Breaks $81,000 Behind ETF Inflows, Iran De-escalation and a Short Squeeze

The explosion exacerbates regional tensions, potentially disrupting global oil 
supply and complicating diplomatic efforts in the Strait of Hormuz.
The post South Korean vessel explosion adds to Strait of Hormuz instability 
appeared first on Crypto Briefing.

Stablecoin proposal still ‘falls short’ of protecting bank deposits: US banks

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