Daily digests
Crypto News Digest: May 8, 2026
The stories that moved crypto on May 8, 2026.
32 stories
All crypto news
Crypto exchanges pushed US lawmakers to bar provision on risky tokens: Report
Crypto exchanges are reportedly pushing US lawmakers to bar a provision in a crypto bill that would require them to offer trading on tokens "not readily susceptible to manipulation." Three companies have allegedly pressed US senators for changes, citing concerns over regulatory hurdles and market access. This move may ease listing requirements for high-risk tokens, potentially benefiting exchanges and investors.
Senate Banking Committee plans to hold key market structure hearing on Thursday
The Senate Banking Committee plans to hold a key market structure hearing on Thursday, focusing on the Clarity Act. The markup hearing, scheduled for March 14, will likely address regulatory clarity and market transparency. This hearing could have significant implications for the crypto market, potentially leading to increased regulatory oversight and changes in market dynamics.
Take two: Senate Banking Committee sets a date to amend and vote on sweeping crypto legislation
The Senate Banking Committee sets a date to amend and vote on sweeping crypto legislation, marking a second attempt at regulation. This hearing comes after a previous effort stalled, and lawmakers are expected to revisit key issues such as stablecoins and lending practices. The vote will significantly impact the crypto industry's future, potentially shaping its trajectory for years to come.
Coinbase rebounds as altcoins surge with bitcoin holding above $80,000
Coinbase is rebounding as altcoins surge, with bitcoin holding above $80,000. Tokenization and digital asset-infrastructure stocks are climbing, driven by SEC Chair Paul Atkins' support for onchain finance rules. This indicates a shift in regulatory sentiment, potentially paving the way for increased adoption and investment in the space, boosting the overall market.
Swiss Bitcoin reserve campaign set to lapse after failing to gather signatures
The Swiss Bitcoin reserve campaign is set to lapse after organizers failed to gather the required 100,000 signatures, a threshold needed to trigger a referendum that would have mandated the Swiss National Bank to hold Bitcoin in its reserves, potentially impacting the bank's asset diversification and the country's stance on cryptocurrency adoption.
Estonia's FSA issues investor warning about Zondacrypto
Estonia's FSA is issuing an investor warning about Zondacrypto, following an investigation by Polish law enforcement and reports of customer withdrawal issues. The warning aims to protect investors from potential risks associated with Zondacrypto, as the exchange faces scrutiny over its operations. Market implications: investor confidence in the crypto space remains fragile, with regulatory concerns weighing on prices.
Banking Industry Says Clarity Act Stablecoin Proposal Would Enable 'Evasion'
The Banking Industry Association is criticizing the Clarity Act stablecoin proposal, stating it would enable "evasion" of existing regulations. Senators had hoped the issue, plaguing crypto legislation for months, had been resolved with a proposed compromise last week. This criticism may hinder the proposal's progress, complicating the already complex regulatory landscape for stablecoins.
CryptoQuant says bitcoin profit-taking could increase further amid ‘bear market rally’
CryptoQuant warns that bitcoin profit-taking could increase further amid a 'bear market rally', as holders take advantage of the recent price surge. Approximately 1.2 million bitcoin have been transferred to exchanges, indicating potential selling pressure. This trend may delay a correction, but could also lead to a deeper price drop, impacting investor sentiment and market stability.
Kraken parent company applies for OCC charter in move toward banking
Kraken's parent company is currently applying for an OCC charter, a move toward banking, as the US banking regulator has already approved similar charter applications for six other prominent crypto companies, including Coinbase, Ripple Labs, BitGo, Circle, Fidelity Digital Assets, and Paxos, paving the way for mainstream banking services in the crypto industry.
Duke law lecturer argues Trump-connected World Liberty Financial issued a security
Lee Reiners, a Duke law lecturer, argues that World Liberty Financial, connected to Trump, issued a security disguised as a governance token. He claims it's not a digital commodity or a pure governance tool, but rather a security with characteristics of a traditional stock. This raises concerns about regulatory compliance and potential investor exploitation in the crypto market.
AI agents fueled a frenzy of startup building at the Consensus Miami EasyA hackathon
Nearly 1,000 developers are competing at the Consensus Miami EasyA hackathon, fueled by AI agents, with participants from ecosystems like Base, Solana, and others from companies like Microsoft and Google. Most are racing to build products around the AI theme, showcasing the growing interest in AI-powered solutions within the blockchain and cryptocurrency industry.
Intel Stock Hits All-Time High After Preliminary Chip Deal With Apple
Intel stock surges above $130, hitting an all-time high after a preliminary chip manufacturing agreement with Apple is announced, backed by a White House push. The deal is expected to boost Intel's revenue and strengthen its position in the semiconductor industry. This development has significant implications for the tech sector, potentially reshaping global chip production.
‘Shifted the vibes:’ Stablecoin deal revives crypto bill despite lingering ethics disputes
Lawmakers have reached a compromise on a stablecoin deal, shifting the vibes in favor of passing crypto legislation. This development comes after a week of negotiations, resolving a major sticking point in the bill. The compromise is expected to revive the crypto bill, despite lingering ethics disputes and ongoing concerns about regulatory oversight in the industry.
TeraWulf's AI Compute Revenue Outpaces Bitcoin Mining Amid $427 Million Loss
TeraWulf reports a $427 million net loss in Q1, despite AI compute revenue surpassing Bitcoin mining revenue. The company's AI revenue growth is driven by increasing demand for cloud-based computing services. This shift in revenue streams signals a broader industry trend, as companies diversify their income sources to mitigate cryptocurrency market volatility and fluctuations in mining revenue.
US Senator questions Mark Zuckerberg on Meta’s stablecoin plans
US Senator Elizabeth Warren questions Mark Zuckerberg on Meta's stablecoin plans, seeking details on integration to the platform, a week after a small rollout to creators in Colombia and the Philippines. Meta's stablecoin plans raise regulatory concerns, as the company expands its financial services offerings, potentially disrupting traditional banking and payment systems significantly.
Kraken Parent Payward Applies for OCC National Trust Bank Charter
Kraken's parent company, Payward, is currently applying for a National Trust Bank charter from the Office of the Comptroller of the Currency (OCC). This move aims to complement Kraken's existing Wyoming Special Purpose Depository Institution (SPDI) subsidiary, allowing for further expansion and integration with traditional banking services. The OCC charter would grant Payward a federal banking license.
SEC chair Atkins signals new rules for onchain markets, AI-driven finance
SEC chair Atkins signals new rules for onchain markets, AI-driven finance, linking the rise of AI-powered financial systems with growing demand for blockchain-based market infrastructure and automated settlement, emphasizing the need for regulatory clarity in this emerging space, which is expected to significantly impact the financial industry's adoption and growth of decentralized technologies.
Exodus launches AI agent-focused stablecoin on Solana
Exodus launches AI agent-focused stablecoin, XO Cash, on Solana, pairing it with software tools for preset spending controls and stablecoin payments. The integration enables AI agents to transact securely, leveraging XO Cash's stability and Solana's scalability. This move expands Solana's ecosystem, catering to emerging AI-driven financial applications and potentially driving adoption in the AI-powered wallet space.
Trump Admin Launches Pentagon UFO Website With Declassified Files
The Trump administration launches a Pentagon website with declassified files on Unidentified Aerial Phenomena (UAP), marking a significant shift in transparency after years of hearings and investigations. The site contains over 1,500 pages of documents, including 143 reports on UAP sightings. This move aims to shed light on the mysterious phenomenon, potentially sparking further research and analysis in the field.
Crypto ‘wrench attacks’ on the rise, with victims’ family members increasingly at risk: CertiK
CertiK reports a 41% surge in verified 'wrench attacks' globally, with 34 incidents, a significant increase from the same period in 2025. These attacks typically target family members of crypto users, compromising their accounts and assets. The rise in wrench attacks poses a growing risk to the security of the global crypto ecosystem and its users.
Price predictions 5/8: BTC, ETH, BNB, XRP, SOL, DOGE, HYPE, ADA, ZEC, BCH
Bitcoin is attracting buyers on each dip, but technical charts hint at potential struggles surpassing the $84,000-$92,000 resistance cluster. This resistance zone has been a formidable barrier for bulls, and a successful breakout could propel Bitcoin to new highs, while a failure to overcome it may lead to a deeper correction, affecting the overall market sentiment and investor confidence.
Will Strategy Sell Bitcoin This Year? Traders Are Convinced After Saylor Comments
Strategy, a prominent Bitcoin investor, is expected to sell some of its Bitcoin holdings this year, according to Myriad's prediction market users who are convinced after Michael Saylor's comments. The market consensus is 75% in favor of a sale, with 10,000 users participating in the prediction. This could lead to a significant market impact.
Elizabeth Warren Wants Meta to Spill All on Stablecoin Plans Ahead of Clarity Act Votes
Elizabeth Warren is demanding Meta disclose its stablecoin plans, citing concerns over competition, privacy, and financial stability. She warns that Meta's reported partnership with a third-party issuer could undermine these critical aspects. The Senate Democrat's call comes ahead of Clarity Act votes, which aim to regulate stablecoins and ensure transparency in the industry, potentially impacting market trust and stability.
On-Chain, In Court: What happened in crypto legal news this week
US authorities discover an additional $10 million linked to Sam Bankman-Fried, the former FTX CEO, as investigations into his financial dealings continue. Meanwhile, former Celsius CEO Alex Mashinsky ditches his legal team, and a new Washington state law bans cryptocurrency ATMs, effectively eliminating a popular way for people to buy and sell cryptocurrencies.
Bitcoin bulls battle for $80K control as US jobs data delivers surprise
Bitcoin traders are calling a "healthy bullish backtest" as the BTC price action keeps them guessing over whether $80,000 can be reclaimed, with the asset currently trading around $47,000.
Strategy's MSTR stock signals 80% rally potential despite Q1 loss
MSTR is forming an ascending triangle pattern on its weekly price chart, indicating a potential 80% rally towards $350 in the coming months. This technical signal suggests a strong buying momentum. As the stock price consolidates near $180, investors are watching for a breakout, which could drive MSTR's value significantly higher, impacting the overall semiconductor sector.
Kraken parent goes for the OCC charter in bid to become a federal crypto bank
Kraken's parent company, Payward, is pursuing an OCC charter to become a federally regulated trust company, complementing its existing Wyoming bank charter and Fed master account. This move would allow Kraken to expand its services and offer more secure custody options to clients. The industry implication is a potential shift towards mainstream acceptance of crypto assets.
Bitcoin Miner IREN Secures $3.4 Billion Nvidia AI Deal, With $2.1 Billion Share Option
IREN is securing a $3.4 billion Nvidia AI deal, with Nvidia gaining rights to invest up to $2.1 billion in IREN, a move to lock down massive AI compute capacity as companies rush to capitalize on the growing demand for artificial intelligence. This partnership underscores the increasing importance of AI in the tech industry, driving innovation and investment.
Crypto Biz: Wall Street wants more than just Bitcoin
Institutional capital is pouring back into crypto as Bitcoin ETFs surge, prediction markets mature, and banks accelerate tokenized finance adoption. Over $1 billion in assets has flowed into Bitcoin ETFs, while tokenized finance adoption is expected to reach $24 trillion by 2027.
SEC weighs new rulemaking for onchain market structures and software applications
The SEC weighs new rulemaking for onchain market structures and software applications, focusing on regulatory clarity for these emerging areas. SEC Chair Paul Atkins emphasizes the need to clarify how its framework applies to software applications, acknowledging the complexity of these new technologies and their growing presence in the market. This move aims to ensure regulatory parity and protect investors.
Bitcoin profit-taking may 'accelerate' as price hits 3-month high: Analyst
Bitcoin's recent price surge to a 3-month high is prompting analysts to warn of potential profit-taking, which may accelerate as investors lock in gains. CryptoQuant analyst Julio Moreno notes Bitcoin remains in a bear market, despite the short-term recovery. This price action may lead to a reversal in investor sentiment and subsequent market correction.
Kraken parent Payward applies for national OCC trust charter following Ripple, Coinbase
Payward, the parent company of cryptocurrency exchange Kraken, is currently applying for a national trust charter from the Office of the Comptroller of the Currency (OCC), following in the footsteps of Ripple and Coinbase. The application seeks to establish the Payward National Trust Company, which would allow Kraken to expand its services and potentially access more traditional banking partnerships.