TON rises 32% to $2.89 as CLARITY Act draft circulates and Zcash tops $600

Crypto markets saw several major storylines this week, including reported movement toward a Senate Banking Committee vote on the CLARITY Act and renewed attention on privacy-focused assets. TON climbed 32% to $2.89 after Telegram founder Pavel Durov outlined a strategic shift that included a sixfold fee cut. Separately, Tether froze about $515 million USDT across 371 addresses in 30 days, while Zcash jumped more than 40% on May 6 to a $600 peak and briefly surpassed Monero by market cap.