Members of the U.S. Senate Banking Committee have submitted more than 100 amendments to a major crypto bill, setting up a detailed committee markup process. The proposals span issues such as definitions and compliance requirements, but only amendments approved by votes in markup will alter the legislation.

The U.S. CLARITY Act faces a historic make-or-break 72 hours as the Senate Banking Committee prepares for a high-stakes markup hearing on May 14, 2026. Explore the 309-page bill's impact on stablecoins, DeFi, and crypto stocks like CRCLX and COIN.

Alibaba (BABA) closed at $134.78, down 1.84% as the market braces for its Q4 FY2026 results. With options traders pricing in a ±7% post-earnings move, the focus has shifted from gross merchandise value (GMV) to compute-driven revenue.

Arthur Hayes argues Bitcoin's bull market has already started and says a renewed surge in US dollar and Chinese yuan liquidity could lift BTC back to $126,000. In his May 12 essay "The Butterfly Touch," he links the next crypto upswing to macro credit expansion driven by AI infrastructure spending, military escalation, and a shift away from just-in-time supply chains. At press time, Bitcoin was trading at $80,680.

On May 13, 2026, Kraken introduced CFTC-regulated spot crypto margin trading for eligible US retail customers, expanding access to leverage on domestic regulated venues. The exchange said users can trade with up to 10x leverage by posting existing crypto as collateral rather than selling holdings, following Payward's recent acquisition of Bitnomial to bolster its US derivatives infrastructure.

Bitcoin's latest move higher is being attributed to stronger spot buying after demand indicators flipped from contraction to growth as markets processed U.S. economic data. BTC broke above $80,000 by early May, traded near $80,900 at publication time, and briefly approached $83,000 after clearing the $78,000–$79,000 supply zone. On-chain spot CVD jumped after May 8, while analysts say conviction buyers now hold roughly 4 million BTC.

NPR reported May 7, 2026 that an anonymous campaign staffer said they and coworkers regularly bet on Polymarket using internal polling data before it became public, with winnings described as thousands of dollars per cycle. The report is NPR's third Polymarket-focused insider-trading pattern in three months, as lawmakers and regulators debate responses that largely target government offices rather than campaign staff.

Ethereum resumed its pullback, slipping below $2,300 after failing to stay above $2,320, and is now consolidating around the $2,250–$2,265 area. The setup highlights $2,250 as major support and $2,320 as major resistance, with additional levels at $2,335, $2,375, and $2,420 if price breaks higher.