Senator Bernie Moreno predicts the CLARITY Act could pass by the end of May 2026, signaling progress in crypto regulation. The likelihood has increased from 38% to 46%, though delays and political pressures persist. The bill's passage remains uncertain amid ongoing debates, with a Republican on the Senate Banking Committee actively supporting the legislation.
Canary Capital filed an S-1 with the SEC for a PEPE spot ETF, aiming to track PEPE with 5% ETH fees. Over the past 30 days, PEPE has gained 6.06%, ranking 45th. ETF flows are positive, with Bitcoin adding $335 million and Ethereum $96 million. The move signals growing institutional interest in meme tokens.
Regulators are increasing scrutiny of the $3 trillion private credit sector, raising concerns about potential market volatility and risks to the S&P 500. This heightened oversight could impact broader financial stability and influence equity markets, as authorities aim to address risks associated with private credit investments. The developments signal a cautious approach amid evolving regulatory landscapes.
OCBC has launched a $526 million tokenized gold fund on the Solana blockchain, marking a significant step in integrating blockchain technology into traditional finance. This move indicates growing regulatory acceptance and could accelerate blockchain adoption in the financial sector, potentially influencing market dynamics and encouraging other institutions to explore tokenized assets.
Yuga Labs settled with Ryder Ripps and Jeremy Cahen in the RR/BAYC lawsuit, with assets transferred to Yuga. The settlement was announced on April 23, 2026. Following the news, the APE token dropped 5.16% to $0.10, with strong support at $0.0811. The case's resolution impacts the BAYC ecosystem and NFT intellectual property rights.
Pornhub has phased out USDT and now uses USDC as its preferred stablecoin, emphasizing the importance of regulatory compliance and stablecoin reliability in digital payments. This change reflects broader industry trends toward more regulated and stable digital currencies, though no specific dates or amounts were provided. The move underscores the evolving landscape of stablecoin adoption in online platforms.
Bhutan's Bitcoin holdings dropped below 4,000 BTC, now totaling 3.654 BTC as of April 2026, making it the fifth-largest nation-state holder according to Arkham data. The country continues its green mining strategy, while BTC ETFs experienced $335 million in inflows. The reduction reflects Bhutan's ongoing adjustments in its crypto policy and asset management.
